Tag Archives: Steel Demand

NMDC: Basking in the spotlight as iron ore demand thrives

Considering the annualized 9MFY21 EPS of Rs 15, NMDC is currently available at the Price-to-Earnings multiple of 9 and Price-to-Book (PB) multiple of 1.4. The company has a net worth of Rs 28, 885 crore and has a decent track record of dividend payouts.

Read more

Maithan Alloys: inexpensive, unleveraged, expanding

Some experts believe, steel prices have run ahead of their fundamentals but others believe there’s more steam left. Instead of getting into predicting which camp may prove right, we decided to scout for companies that aren’t much affected by the price volatility in steel but may benefit if the sector does well. We came across one such company, Kolkata-based Maithan Alloys.

Read more