State-owned NMDC Ltd has declared its first interim dividend of ₹2.30 per equity share for the financial year 2024-25 (FY25). The announcement was made on Monday, March 17, 2025, following a board meeting.
NMDC Announces Interim Dividend
This marks NMDC’s first dividend announcement since its recent bonus issue in a 2:1 ratio (two bonus shares for every one existing share).
NMDC Ltd (#NMDC) has declared an interim dividend of ₹2.3 per share for FY25.
Record Date – March 21, 2025
Share Price – ₹65
Dividend Yield – 3.5%
Payment on or before April 15.Dividend History
FY25 – ₹2.3*
2:1 Bonus
FY24 – ₹7.25
FY23 – ₹6.6
1:1 Demerger#Dividend pic.twitter.com/sZDkgIMipU— Indian Dividend Growth Investor 🇮🇳 (@dividends_india) March 17, 2025
- Dividend Amount: ₹2.30 per equity share (Face value: ₹1 each)
- Record Date: March 21, 2025
- Payment Timeline: Within the prescribed period as per the Companies Act, 2013
The record date is important because only shareholders who own NMDC shares as of March 21, 2025, will be eligible to receive the dividend.
NMDC Stock Performance and Market Impact
Following the dividend announcement, NMDC’s stock price rose by 1.77%, closing at ₹64.96, up from its previous close of ₹63.83. The company’s market capitalization stood at ₹57,111 crore.
Stock Performance Overview
- Year-to-date (2025): Down 1.55%
- Past Year: Declined 1.68%
- Last 3 Months: Fell 14.26%
- Past 2 Years: Gained 69.56%
- Past 5 Years: Increased 224%
Despite recent short-term declines, NMDC’s long-term growth remains strong, with a significant 224% rise over the last five years.
NMDC’s Financial Performance
The dividend announcement comes after strong financial results in the last quarter.
- Q3 FY24 (October-December 2024) Performance
- Net Profit: ₹1,896.66 crore (Up 29% YoY)
- Revenue from Operations: ₹6,567.83 crore (Up 21% YoY)
Compared to the same quarter last year, NMDC has shown strong profit growth, reflecting improved operational efficiency and increased sales.
Trading Restrictions for Insiders
To prevent insider trading, NMDC has implemented trading restrictions under SEBI’s (Prohibition of Insider Trading) Regulations, 2015.
- Trading Window Closure: March 7 to March 19, 2025
- Who is Restricted?: Insiders, including designated employees and their immediate relatives
- Purpose: Prevent stock price manipulation before the dividend announcement
These measures ensure fair market practices and prevent any unethical advantage for company insiders.
NMDC’s Dividend History
NMDC has a consistent track record of paying dividends, rewarding its shareholders over the years.
Dividend Payments in Previous Years
2024:
- ₹5.75 per share (February, interim dividend)
- ₹1.50 per share (September, final dividend)
2023:
- ₹3.75 per share (February, interim dividend)
- ₹2.85 per share (September, final dividend)
2022:
- ₹5.73 per share (February, interim dividend)
About NMDC Limited
NMDC is a Maharatna PSU under the Ministry of Steel, engaged in the exploration and production of minerals, including:
- Iron Ore (Primary business)
- Coal
- Tin, Tungsten, and Graphite
- Diamond, Magnesite, and Gypsum
As India’s largest iron ore producer, NMDC plays a crucial role in the country’s steel industry, supporting infrastructure development and industrial growth.
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Final Thoughts
The announcement of ₹2.30 per share interim dividend highlights NMDC’s commitment to rewarding shareholders while maintaining a strong financial performance.
A key player in India’s mining and steel industries, NMDC has shown steady long-term growth despite short-term stock fluctuations.
For investors, NMDC’s dividend track record, strong earnings, and strategic position in the iron ore market make it an attractive stock for long-term gains.
Disclaimer: This post is just for your information and shouldn’t be taken as investment. Before deciding what investments to make, investors should talk to financial experts.
