Let us discount the 21000 crore by 50%. So, the adjusted market value will be 25000 crore for average net profit per year around 6500 for the last 5 years. Considering the iron ore prices are at the lower end of the cycle, in my opinion, I agree with your observation that NMDC is very undervalued. Nice margin of safety. Also, I believe and hope that NMDC is past its mine leasing issues.
| Subscribe To Our Free Newsletter |
