NMDC Limited's intrinsic value using Intellectual Capital analysis

NMDC Limited

BSE : 526371

|

NSE : NMDC

Industry : Mining/Minerals

|

ISIN : INE584A01023

|

FreeFloat : 20.00%

|

FnO : Yes

|

LotSize : 6000

BSE 100 | BSE 100 Largecap TMC | BSE 200 | BSE 250 LargeMidcap | BSE Largecap | BSE LargeMidcap | BSE SENSEX Next 50 | Nifty 100 | Nifty 200 | Nifty LargeMidcap 250 | Nifty Next 50 | Nifty100 Equal Weight | BSE Metal | Nifty Metal | BSE Dividend Stability | Nifty Dividend Opp 50 | Nifty500 Value 50 | BSE 100 ESG | BSE CARBONEX | Nifty100 Enhanced ESG | Nifty100 ESG | BSE PSU | Nifty Commodities | Nifty PSE

Intellectual Capital (IC)	45,970.86
Net Worth (NW)	25,951.53
Intrinsic Worth (IW)	71,922.39
Market Cap (MC)	31,981.02
Economic Value Added	387.14

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	63.92%
IC Gross Margin (EBITDA/IC)	18.69%
IC Net Margin (NPT/IC)	11.47%
Knowledge Turnover (Sales/IC)	0.31
Market to Intrinsic Value (MC/IW)	0.44

As Of	Intrinsic Value	Market Price
31 Mar 2019	Rs. 234.90	Rs. 104.45
26 Jun 2019	-	Rs. 112.35

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 108.52	Buy	Strong Buy
KB > 50% : Yes		50 DMA : Rs. 101.48
0 < M2IV < 1 : Yes		Vol-Price trend : Rising

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Jun-16
S
1720.65
2065.82
1161.60
1105.63
1097.49
711.34
704.33

Sep-16
S
1739.15
2012.64
1099.33
1044.90
1043.43
770.76
764.46

Dec-16
S
2497.86
2653.74
981.22
926.11
920.81
595.16
588.85

Mar-17
S
2871.98
3006.25
1267.71
1237.04
1231.19
511.88
464.46

Jun-17
S
2841.54
2970.13
1623.50
1576.81
1568.66
969.26
952.43

Sep-17
S
2421.33
2531.18
1312.86
1250.90
1240.73
844.30
827.54

Dec-17
S
2469.03
2580.17
1465.94
1388.77
1377.59
886.53
869.76

Mar-18
S
3883.01
4053.16
2070.50
2000.28
1992.68
1105.85
1203.39

Jun-18
S
2421.99
2547.13
1549.04
1487.46
1476.65
975.27
987.29

Sep-18
S
2437.92
2568.87
1390.36
1322.84
1313.19
636.49
648.38

Dec-18
S
3649.44
3785.57
2290.49
2221.09
2211.47
1576.77
1588.71

Mar-19
S
3643.32
3839.40
2288.38
2207.99
2197.75
1453.94
1417.60

* C - Consolidated, S - Standalone