Orissa Minerals Development Company Ltd

Orissa Minerals Development Company Ltd

₹ 4,820 -0.65%
03 Jul 1:22 p.m.
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]

  • Market Cap 2,892 Cr.
  • Current Price 4,820
  • High / Low 9,721 / 4,310
  • Stock P/E
  • Book Value -86.0
  • Dividend Yield 0.00 %
  • ROCE -39.3 %
  • ROE %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.2,060 Cr.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
9 15 5 8 7 3 17 28 34 14 23 21 7
11 13 7 12 15 9 14 16 21 11 17 23 43
Operating Profit -2 2 -2 -4 -8 -6 3 12 13 3 7 -2 -36
OPM % -21% 14% -43% -48% -109% -170% 18% 44% 39% 22% 29% -10% -539%
2 5 3 1 2 2 2 0 3 1 1 1 5
Interest 7 7 7 6 5 10 7 7 6 5 5 6 5
Depreciation 0 1 1 1 0 1 1 3 1 1 1 1 2
Profit before tax -8 -1 -7 -9 -11 -15 -3 2 11 -2 1 -8 -39
Tax % 19% 210% -16% 0% -101% 0% -159% 0% -28% 0% 34% -11% -20%
-9 -2 -6 -9 0 -15 2 2 13 -2 1 -7 -31
EPS in Rs -15.42 -3.18 -9.77 -14.82 0.20 -24.85 3.20 3.87 22.48 -3.47 1.32 -12.48 -52.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 0 0 0 0 0 0 83 36 82 65
49 40 43 45 296 673 53 36 57 47 59 93
Operating Profit -49 -40 -43 -45 -296 -673 -53 -36 25 -11 24 -28
OPM % 31% -31% 29% -44%
75 75 69 62 54 54 28 17 6 10 7 6
Interest 0 0 0 0 1 4 21 32 30 24 31 22
Depreciation 9 9 7 5 15 15 2 2 15 2 5 4
Profit before tax 17 26 19 12 -258 -638 -48 -52 -14 -27 -5 -48
Tax % 63% 32% 44% 47% -2% -29% 59% -24% 7% -39% -153% -17%
6 18 11 7 -253 -452 -77 -40 -14 -17 3 -40
EPS in Rs 10.43 29.50 18.23 10.93 -421.60 -752.72 -127.82 -66.08 -24.15 -27.57 4.70 -67.03
Dividend Payout % 10% 15% 15% 13% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -8%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: %
TTM: -1326%
Stock Price CAGR
10 Years: 7%
5 Years: 25%
3 Years: 27%
1 Year: -34%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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
Reserves 818 826 836 840 586 134 56 17 3 -13 -11 -52
0 0 0 0 40 123 310 312 348 182 9 186
95 97 136 138 377 429 87 85 114 226 344 403
Total Liabilities 913 924 972 979 1,004 687 454 416 466 395 342 538
84 69 62 57 44 29 27 25 31 29 28 25
CWIP 1 2 2 1 1 0 1 3 3 3 0 111
Investments 4 4 3 3 0 0 0 0 0 0 0 0
824 850 906 918 959 657 425 387 431 363 314 401
Total Assets 913 924 972 979 1,004 687 454 416 466 395 342 538

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-8 -56 -38 -55 -44 -520 -171 -23 102 -60 -26 170
73 88 52 160 712 -204 164 28 -41 48 55 -90
-2 -1 -3 -2 -2 -4 -21 -32 -30 -24 -31 -22
Net Cash Flow 62 31 11 103 667 -729 -29 -27 31 -37 -2 58

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0
Inventory Days 22,174 1,601 28,480 53,847 1,167
Days Payable 1,460 152 5,718 6,512 161
Cash Conversion Cycle 1,006 0 0 0
Working Capital Days -240 -1,672 -1,246 -1,626
ROCE % 2% 3% 2% 2% -35% -143% -8% -8% 5% -1% 31% -39%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
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% 0.23% 0.25% 0.30% 0.32% 0.50% 1.23% 1.52% 1.66% 1.90% 1.95% 2.17%
9.63% 9.63% 9.22% 9.10% 9.15% 11.17% 10.92% 10.99% 11.01% 11.03% 11.05% 11.10%
40.15% 40.12% 40.52% 40.58% 40.51% 38.31% 37.82% 37.47% 37.32% 37.05% 36.98% 36.72%
No. of Shareholders 20,86520,31919,30919,38018,13817,24919,70419,72620,49621,06121,13521,204

* 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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