- National Mineral Development Corporation
- Public Sector Company
- Business involves Mining minerals
- Capital Intensive Business which involves huge upfront capital deployment
- Once iron ore prices pick up, this company can deliver better tesults.
- Net Profit is more than 50%
- Holds Cash Balance of Rs.22,519 Crores
- Current Price: Rs.135
- EPS: Rs.14.25
- PE: 9.49
- Book Value: Rs.59.35
- Price to Book Value: 1.95
- Dividend Yield : 5.81% (700% Dividend)
- Face Value: Re.1
- Currently undervalued - Can deliver decent returns for 1-2 year period.
Tuesday, November 5, 2013
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