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Balance sheet of NMDC is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of NMDC is increasing.
Latest debt of NMDC is -₹10,104.33 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹21,370.76 Crs.
The profit is oscillating.
The profit of NMDC is ₹6,471 Crs for TTM, ₹5,575 Crs for Mar 2024 and ₹5,601 Crs for Mar 2023.
The company seems to pay a good stable dividend.
NMDC latest dividend payout ratio is 38.11% and 3yr average dividend payout ratio is 39.49%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments