BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
NMDC Ltd. reported better than expected Ebitda of Rs 42.4 billion for Q4 FY21, up 184% YoY (our estimate: Rs 39.2 billion) due to higher blended iron ore realisation.
We believe iron ore prices have peaked out and should fall in Q2 FY22 with weakening long steel prices.
The demerger of steel plant is delayed and is now expected by FY22-end.
We increase our Ebitda estimates by 80% for FY22 and by 17% for FY23 to factor in the price hikes in Q1 FY22.
We roll over our valuation to FY23E earnings.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
