Which stock is cheaper: NMDC or TATASTEEL?

Based on Price to Earnings, NMDC trades at a P/E of 9.2 while TATASTEEL trades at a P/E of 20.3.

Does NMDC or TATASTEEL have higher ROCE?

NMDC generates an ROCE of 70.4% compared to TATASTEEL's ROCE of 17.9%.

NMDC LTD. (NMDC) has a market cap of ₹72,445 Cr compared to TATA STEEL LIMITED (TATASTEEL) with ₹2,28,280 Cr.

NMDCBasic Materials

Leads (5/5)

₹67.34-0.30%

Market Cap: ₹72,445 Cr

TATASTEELBasic Materials

₹167.60-1.10%

Market Cap: ₹2,28,280 Cr

Automated quantitative breakdown of fundamental strengths between NMDC and TATASTEEL.

Attractive ValuationNMDC (P/E 9.2)Trades at lower Price-to-Earnings

Capital EfficiencyNMDC (ROCE 70.4%)Superior operating return on capital

Balance Sheet SafetyNMDCLower debt-to-equity ratio

Shareholder YieldNMDC (386.10%)Higher annual dividend yield

Green highlight indicates the stronger metric

Financial Metric	NMDC	TATASTEEL
Valuation Multiples
Market Capitalization	₹72,445 Cr	₹2,28,280 Cr
Price to Earnings (P/E)	9.16	20.27
Price to Book (P/B)	2.14	5.58
Profitability & Capital Efficiency
Return on Capital Employed (ROCE)	70.37%	17.87%
Return on Equity (ROE)	17.77%	31.17%
Operating Profit Margin (OPM)	32.10%	9.94%
Net Profit Margin (NPM)	27.06%	4.67%
Balance Sheet & Solvency
Debt to Equity Ratio	0.19	2.26
Dividend Yield	386.10%	127.09%
Historical Growth
3-Year Sales Growth (CAGR)	27.33%	-26.61%
Latest Quarter Financial Results
Quarterly Revenue (30 Jun 2026)	₹6,795 Cr	₹60,412 Cr
Quarterly Net Profit	₹1,976 Cr	₹2,318 Cr