Orissa Minerals Development Company Ltd

₹ 5,672 0.99%

21 Feb - close price

birdgroup.co.in/omdc BSE: 590086 NSE: ORISSAMINE

About

Orissa Minerals Development Company Limited was incorporated in 1918. It operates various Iron Ore and Manganese Ore in various districts through leases. ^[1]

Key Points

Status of Operation
The company’s mines remained inoperative and it has not generated any operating revenues in the past few years. It has been working towards the resumption of mining operations in Bagiaburu, Belkundi & Bhadrasahi mines. For this, the company paid compensation along with interest of Rs. 876 Cr by availing loan of Rs.310 Cr, acquiring clearance from Govt. of Odisha and Supreme Court. Also, Stage-II Forest Clearance for Bagiaburu mine is in the advanced stage. ^[1]

Website BSE NSE

Market Cap ₹ 3,403 Cr.
Current Price ₹ 5,672
High / Low ₹ 9,721 / 4,734
Stock P/E 723
Book Value ₹ -20.0
Dividend Yield 0.00 %
ROCE 30.7 %
ROE %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is expected to give good quarter

Cons

Company has low interest coverage ratio.
Contingent liabilities of Rs.2,060 Cr.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

Part of Nifty Microcap 250 Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	29.73	8.97	15.46	5.20	7.91	6.96	3.40	16.62	28.28	33.98	13.87	23.39	20.62
	18.65	10.87	13.30	7.46	11.74	14.55	9.18	13.61	15.84	20.59	10.78	16.68	22.64
Operating Profit	11.08	-1.90	2.16	-2.26	-3.83	-7.59	-5.78	3.01	12.44	13.39	3.09	6.71	-2.02
OPM %	37.27%	-21.18%	13.97%	-43.46%	-48.42%	-109.05%	-170.00%	18.11%	43.99%	39.41%	22.28%	28.69%	-9.80%
	2.43	1.73	5.25	2.58	1.01	2.12	1.70	1.77	0.24	3.40	0.79	0.53	0.54
Interest	7.79	7.17	7.37	6.69	5.51	4.86	10.28	7.46	7.35	5.52	5.39	5.48	6.35
Depreciation	13.41	0.42	0.66	0.59	0.55	0.43	0.56	0.56	3.01	0.75	0.57	0.57	0.57
Profit before tax	-7.69	-7.76	-0.62	-6.96	-8.88	-10.76	-14.92	-3.24	2.32	10.52	-2.08	1.19	-8.40
Tax %	-37.84%	19.20%	209.68%	-15.95%	0.11%	-101.12%	0.00%	-159.26%	0.00%	-28.23%	0.00%	33.61%	-10.71%
	-4.78	-9.25	-1.91	-5.86	-8.89	0.12	-14.91	1.92	2.32	13.49	-2.08	0.79	-7.49
EPS in Rs	-7.97	-15.42	-3.18	-9.77	-14.82	0.20	-24.85	3.20	3.87	22.48	-3.47	1.32	-12.48
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	82.68	35.53	82.28	91.86
	44.90	49.23	40.12	42.87	44.78	296.36	672.78	52.81	35.92	57.32	46.57	58.74	70.69
Operating Profit	-44.90	-49.23	-40.12	-42.87	-44.78	-296.36	-672.78	-52.81	-35.92	25.36	-11.04	23.54	21.17
OPM %										30.67%	-31.07%	28.61%	23.05%
	79.98	75.00	74.67	69.09	61.99	54.15	53.92	28.39	17.35	6.38	10.49	6.64	5.26
Interest	0.01	0.01	0.01	0.00	0.00	0.96	4.28	21.45	31.73	30.00	24.43	30.61	22.74
Depreciation	8.82	9.01	8.70	6.84	4.85	15.00	14.96	2.50	2.11	15.31	2.24	4.88	2.46
Profit before tax	26.25	16.75	25.84	19.38	12.36	-258.17	-638.10	-48.37	-52.41	-13.57	-27.22	-5.31	1.23
Tax %	51.01%	62.57%	31.50%	43.55%	46.93%	-2.02%	-29.22%	58.57%	-24.35%	6.78%	-39.24%	-153.11%
	12.86	6.26	17.70	10.94	6.56	-252.96	-451.63	-76.69	-39.65	-14.49	-16.54	2.82	4.71
EPS in Rs	21.43	10.43	29.50	18.23	10.93	-421.60	-752.72	-127.82	-66.08	-24.15	-27.57	4.70	7.85
Dividend Payout %	15.02%	9.97%	15.02%	14.59%	13.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	66%

Compounded Profit Growth
10 Years:	-7%
5 Years:	15%
3 Years:	27%
TTM:	143%

Stock Price CAGR
10 Years:	7%
5 Years:	23%
3 Years:	35%
1 Year:	-16%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60
Reserves	812.37	817.90	825.63	836.26	840.20	586.38	134.32	56.48	17.47	2.93	-13.40	-11.34	-12.63
	0.00	0.00	0.00	0.00	0.00	40.14	123.01	310.00	312.08	333.36	182.37	8.77	8.77
	100.41	94.79	97.33	135.53	137.99	376.89	428.69	86.70	85.41	128.95	225.66	343.70	353.78
Total Liabilities	913.38	913.29	923.56	972.39	978.79	1,004.01	686.62	453.78	415.56	465.84	395.23	341.73	350.52
	89.76	83.81	68.65	61.57	56.72	43.88	29.41	26.93	25.11	31.27	29.00	27.68	26.53
CWIP	1.40	1.29	1.78	1.66	1.23	0.79	0.44	1.35	3.31	3.40	3.40	0.46	1.01
Investments	3.88	3.88	3.58	3.25	2.84	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
	818.34	824.31	849.55	905.91	918.00	959.32	656.75	425.48	387.12	431.15	362.81	313.57	322.96
Total Assets	913.38	913.29	923.56	972.39	978.79	1,004.01	686.62	453.78	415.56	465.84	395.23	341.73	350.52

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-80.90	-8.13	-55.87	-37.57	-54.98	-43.52	-519.98	-171.31	-23.41	102.00	-60.38	-25.94
	61.29	72.69	88.31	51.90	160.18	712.42	-204.34	163.66	28.21	-40.74	47.98	54.70
	-1.47	-2.48	-1.06	-3.19	-1.92	-2.02	-4.28	-21.45	-31.73	-30.01	-24.43	-30.61
Net Cash Flow	-21.08	62.08	31.38	11.15	103.28	666.87	-728.60	-29.11	-26.93	31.26	-36.82	-1.85

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days										0.04	0.10	0.04
Inventory Days			22,173.75	1,601.12			28,480.14		53,847.11	1,166.58
Days Payable			1,460.00	152.21			5,718.33		6,512.37	588.48
Cash Conversion Cycle										578.14	0.10	0.04
Working Capital Days										-305.62	-1,671.52	-1,246.00
ROCE %	3.25%	2.09%	3.14%	2.44%	1.62%	-34.90%	-143.22%	-8.37%	-7.82%	5.05%	-1.52%	30.74%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%
	0.20%	0.20%	0.23%	0.25%	0.30%	0.32%	0.50%	1.23%	1.52%	1.66%	1.90%	1.95%
	10.11%	9.63%	9.63%	9.22%	9.10%	9.15%	11.17%	10.92%	10.99%	11.01%	11.03%	11.05%
	39.67%	40.15%	40.12%	40.52%	40.58%	40.51%	38.31%	37.82%	37.47%	37.32%	37.05%	36.98%
No. of Shareholders	24,466	20,865	20,319	19,309	19,380	18,138	17,249	19,704	19,726	20,496	21,061	21,135

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%	50.01%
	3.42%	3.32%	3.17%	3.22%	3.17%	0.20%	0.30%	1.52%	1.95%
	15.86%	15.80%	16.99%	15.06%	12.45%	10.11%	9.10%	10.99%	11.05%
	30.71%	30.86%	29.82%	31.71%	34.37%	39.67%	40.58%	37.47%	36.98%
No. of Shareholders	17,996	18,281	18,666	17,419	18,531	24,466	19,380	19,726	21,135

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Orissa Minerals Development Company Ltd

Orissa Minerals Development Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports