NMDC Limited's intrinsic value using Intellectual Capital analysis

NMDC Limited

BSE : 526371

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NSE : NMDC

Industry : Mining/Minerals

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ISIN : INE584A01023

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FreeFloat : 20.00%

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FnO : Yes

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LotSize : 6700

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Intellectual Capital (IC)	102,121.10
Net Worth (NW)	33,080.50
Intrinsic Worth (IW)	135,201.60
Market Cap (MC)	53,952.45
Economic Value Added	1,926.04

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	75.53%
IC Gross Margin (EBITDA/IC)	12.47%
IC Net Margin (NPT/IC)	8.75%
Knowledge Turnover (Sales/IC)	0.20
Market to Intrinsic Value (MC/IW)	0.40

As Of	Intrinsic Value	Market Price
30 Jun 2021	Rs. 461.34	Rs. 184.10
20 Sep 2021	----	Rs. 136.00
20 Sep 2021	----	-11.40 -8.38%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 150.24	Sell	Avoid
KB > 50% : Yes		50 DMA : Rs. 164.52
0 < M2IV < 1 : Yes		Vol-Price trend : Falling

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

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

Jun-19
S
3263.74
3386.56
1989.66
1924.89
1913.16
1179.42
1179.72

Sep-19
S
2241.76
2369.30
1187.73
1090.17
1080.45
703.38
703.72

Dec-19
S
3006.38
3136.56
1721.60
1657.02
1647.26
1376.57
1377.00

Mar-20
S
3187.34
3320.59
1528.75
1461.28
1482.61
351.54
274.64

Jun-20
S
1937.50
2009.21
826.60
769.32
760.00
532.90
532.90

Sep-20
S
2229.89
2318.25
1118.52
1065.12
1063.40
773.66
773.66

Dec-20
S
4355.10
4460.97
2872.64
2812.05
2810.41
2157.81
2114.44

Mar-21
S
6847.57
6932.75
4325.45
4268.52
4264.39
2835.82
2838.50

Jun-21
S
6512.21
6656.30
4320.33
4264.99
4261.99
3186.20
3185.62

* C - Consolidated, S - Standalone