53 million tonnes output, 33% margins, 10x earnings: NMDC’s volume-price paradox
NMDC just delivered its best year ever, crossing 50 million tonnes of iron ore production. But falling prices, rising costs, and Rs 10,000+ crore stuck in receivables are keeping profits, and the stock, under pressure.
NMDC just delivered its best year ever, crossing 50 million tonnes of iron ore production. But falling prices, rising costs, and Rs 10,000+ crore stuck in receivables are keeping profits, and the stock, under pressure.
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