NMDC Balance Sheet
- Market cap
- ₹64,207 crore
- P/E
- 8.6
- P/B
- 1.88
- ROE
- 23.4%
- Dividend yield
- 1.37%
As of Mar 2022, NMDC had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 43.61% from Mar 2023.
NMDC balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 293 | 293 | 879 | 879 |
| Reserves | 8,500 | 1,862 | 1,924 | 3,998 | 7,372 |
| Borrowings | 1,200 | 2,128 | 3,359 | 4,276 | 6,407 |
| Other liabilities | 3,500 | 5,190 | 6,629 | 7,024 | 7,837 |
| Total liabilities | 13,700 | 29,953 | 35,661 | 41,007 | 48,320 |
| Fixed assets | 6,500 | 6,200 | 7,721 | 10,923 | 13,694 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 5,991 | 7,132 | 8,201 | 9,664 |
| Other assets | 4,300 | 8,986 | 10,698 | 12,302 | 14,496 |
| Total assets | 13,700 | 29,953 | 35,661 | 41,007 | 48,320 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
NMDC balance sheet — frequently asked questions
What is the total debt of NMDC?
NMDC reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹2,128 crore as of Mar 2023.
What is NMDC's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, NMDC's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are NMDC's total assets?
NMDC's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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