NMDC vs Coal India: Which Stock Should You Track
- August 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
NMDC MCap Rs 74,449 Cr, PE 10.00x, ROE 21.87%, Div 4.13%. Coal India MCap Rs 2,55,353 Cr, PE 8.19x, ROE 26.11%, Div 6.46%.
NMDC vs Coal India is a comparison mining PSU investors look up when evaluating two government-owned commodity extractors with strong dividend histories. NMDC (National Mineral Development Corporation) is India’s largest iron ore producer, mining in Chhattisgarh and Karnataka, while Coal India is the world’s largest coal mining company by output and India’s primary domestic coal supplier to thermal power plants.
This NMDC vs Coal India article covers reach and market position, key products, latest declared results and stock valuation. The NMDC vs Coal India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
NMDC vs Coal India: Reach and Market Position
On the NMDC side of the NMDC vs Coal India comparison, NMDC mines iron ore from Bailadila mines in Chhattisgarh and Donimalai in Karnataka, supplying steel manufacturers across India. It is also developing a greenfield steel plant at Nagarnar. Market capitalisation is Rs 74,449 Cr.
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On the Coal India side of the NMDC vs Coal India comparison, Coal India produces over 700 million tonnes of coal annually from mines across Jharkhand, Odisha, Chhattisgarh, West Bengal and other states, supplying thermal power plants, cement plants and other industries. Market capitalisation is Rs 2,55,353 Cr.
NMDC vs Coal India: Key Products and Business Mix
In the NMDC vs Coal India product comparison, NMDC offers: NMDC mines and sells iron ore lumps and fines at prices regulated by the Ministry of Steel through semi-annual pricing reviews. P/E is 10.00x, ROE 21.87 percent, debt to equity 0.19. Dividend yield is 4.13 percent.
For Coal India in this NMDC vs Coal India breakdown: Coal India sells coal through linkage auctions and spot markets, with pricing partially regulated by the government. P/E is 8.19x, ROE 26.11 percent, debt to equity 0.12. Dividend yield is 6.46 percent.
NMDC vs Coal India: Latest Results
The NMDC vs Coal India results for NMDC: NMDC has a market cap of Rs 74,449 Cr and P/E of 10.00x. ROE is 21.87 percent. Dividend yield is 4.13 percent. EPS is Rs 8.47.
The NMDC vs Coal India results for Coal India: Coal India has a market cap of Rs 2,55,353 Cr and P/E of 8.19x. ROE is 26.11 percent — exceptionally high for a mining company. Dividend yield is 6.46 percent. Coal India is 3.4 times NMDC by market cap.
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NMDC vs Coal India: Stock and Valuation
The NMDC vs Coal India stock comparison uses the latest available market data from Groww. Investors tracking NMDC vs Coal India should verify current prices on NSE or BSE before trading.
NMDC trades at a market cap of Rs 74,449 Cr and P/E of 10.00x with ROE of 21.87 percent and a 4.13 percent dividend yield. Coal India trades at Rs 2,55,353 Cr market cap and P/E of 8.19x, cheaper than NMDC, with a higher ROE of 26.11 percent and a much higher dividend yield of 6.46 percent.
NMDC vs Coal India: Quick Comparison Table
The NMDC vs Coal India comparison table below summarises the key metrics covered in this article side by side.
| Parameter | NMDC | Coal India |
|---|---|---|
| Sector | Iron ore mining PSU | Coal mining PSU |
| Market Cap | Rs 74,449 Cr | Rs 2,55,353 Cr |
| P/E Ratio | 10.00x | 8.19x |
| ROE | 21.87% | 26.11% |
| Debt to Equity | 0.19 | 0.12 |
| Dividend Yield | 4.13% | 6.46% |
| Production | Iron ore for steel makers | Coal for power plants and industry |
| Owner | Government of India (Navratna) | Government of India (Navratna) |
Conclusion
The NMDC vs Coal India comparison above covers the key data points on reach, products, results and valuation. NMDC vs Coal India are both government-owned mining companies with strong dividends and cheap valuations. Coal India is larger, cheaper, has a higher ROE and pays a higher dividend. NMDC is a pure iron ore play with healthy profitability. Investors should review commodity demand cycles and dividend sustainability and consult a SEBI-registered advisor before investing.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the main difference between NMDC and Coal India?
Ans. NMDC is India’s largest iron ore producer supplying steel manufacturers. Coal India is the world’s largest coal mining company supplying thermal power plants and industry.
Which stock pays a higher dividend?
Ans. Coal India pays a dividend yield of 6.46 percent, significantly higher than NMDC at 4.13 percent.
Which company has the higher ROE?
Ans. Coal India has an ROE of 26.11 percent, higher than NMDC at 21.87 percent.
Which stock trades at a lower P/E?
Ans. Coal India trades at 8.19x trailing earnings, cheaper than NMDC at 10.00x.
Is coal a sunset business?
Ans. Coal India is navigating the energy transition, but India’s thermal power fleet continues to depend on coal for 70-plus percent of electricity generation, providing medium-term demand visibility despite long-term fossil fuel policy uncertainty.
What risks apply to mining PSU stocks?
Ans. Both companies face risk from commodity price cycles, government pricing interventions, environmental clearance delays for mine expansion and long-term energy transition risk for Coal India.
Should I invest in NMDC or Coal India?
Ans. Coal India is cheaper, has higher ROE and a much higher dividend. NMDC is an iron ore play with good profitability. Consult a SEBI-registered advisor before investing.
