Technology

NMDC since inception involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone etc. It is Indias single largest iron ore producer, presently producing about 30 million tonnes of iron ore. NMDC is any way manages to control cost thereby widening operating profit margin. The company’s cash flow generation is constant and debt is almost nil. Currently the stock is trading at 1.3x of its book value and generates 18.4% return on equity. It also pays regular dividend of nearly 30%. Hence BUY.

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