Orissa Minerals Development Company Ltd

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Orissa Minerals Development Company is operates six Iron Ore and Manganese Ore mining leases at Barbil in the district of Keonjhar, Odisha, namely Dalki Manganese Mines, Kolha Roida Iron & Manganese mines, Thakurani Iron and Manganese Mines, Belkundi Iron

  • Market Cap 1,525 Cr.
  • Current Price 2,541
  • High / Low 3,140 / 1,320
  • Stock P/E
  • Book Value 39.8
  • Dividend Yield 0.00 %
  • ROCE -8.37 %
  • ROE -79.6 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 63.88 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -66.61% for last 3 years.
  • Contingent liabilities of Rs.1363.60 Cr.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
0 0 0 0 0 0 0 0 0 0 0 0
265 12 28 11 623 20 13 11 9 8 12 10
Operating Profit -265 -12 -28 -11 -623 -20 -13 -11 -9 -8 -12 -10
OPM %
Other Income 13 14 15 14 12 6 6 7 10 3 3 5
Interest 1 1 0 1 2 2 4 7 8 8 8 8
Depreciation 11 4 4 4 4 4 4 4 -9 1 1 1
Profit before tax -264 -2 -17 -2 -618 -20 -14 -15 1 -14 -18 -14
Tax % 4% -142% 6% 86% 30% -6% 8% 5% 3,770% -16% 2% 2%
Net Profit -255 -6 -16 -0 -430 -21 -13 -15 -28 -16 -17 -14
EPS in Rs -424.43 -9.52 -26.07 -0.37 -716.77 -34.68 -21.83 -24.20 -47.12 -26.43 -28.92 -22.95

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
272 82 45 2 0 0 0 0 0 0 0 0 0
57 40 61 54 45 49 40 43 45 296 674 53 39
Operating Profit 214 42 -16 -53 -45 -49 -40 -43 -45 -296 -674 -53 -39
OPM % 79% 51% -36% -3,470%
Other Income 75 73 51 60 80 75 75 69 62 54 55 28 21
Interest 0 0 0 0 0 0 0 0 0 1 4 21 33
Depreciation 3 3 22 -1 9 9 9 7 5 15 15 2 -7
Profit before tax 286 112 13 8 26 17 26 19 12 -258 -638 -48 -45
Tax % 36% 34% 42% 58% 51% 63% 32% 44% 47% 2% 29% -59%
Net Profit 182 74 8 3 13 6 18 11 7 -253 -452 -77 -75
EPS in Rs 303.00 124.07 12.87 5.73 21.43 10.43 29.50 18.23 10.93 -421.60 -752.72 -127.82 -125.42
Dividend Payout % 15% 15% 15% 15% 15% 10% 15% 15% 13% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:84%
Stock Price CAGR
10 Years:-6%
5 Years:5%
3 Years:18%
1 Year:95%
Return on Equity
10 Years:-10%
5 Years:-27%
3 Years:-67%
Last Year:-80%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 731 793 799 802 812 818 826 836 840 586 134 56 23
Borrowings 0 0 0 0 0 0 0 0 0 40 123 310 313
375 299 131 90 100 95 97 136 138 377 429 112 95
Total Liabilities 1,107 1,093 931 892 913 913 924 972 979 1,004 687 479 431
20 21 85 88 90 84 69 62 57 44 29 27 29
CWIP 17 1 1 3 1 1 2 2 1 1 0 1 2
Investments 11 8 7 4 4 4 4 3 3 0 0 0 0
1,059 1,062 838 798 818 824 850 906 918 959 657 451 400
Total Assets 1,107 1,093 931 892 913 913 924 972 979 1,004 687 479 431

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
92 -6 5 -57 -81 -8 -56 -38 -55 -44 -520 -171
70 77 -46 57 61 73 88 52 160 712 -204 164
-25 -32 -13 -1 -1 -2 -1 -3 -2 -2 -4 -21
Net Cash Flow 137 39 -54 -2 -21 62 31 11 103 667 -729 -29

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 44% 15% 2% 1% 3% 2% 3% 2% 2% -35% -143% -8%
Debtor Days 0 8 13 291
Inventory Turnover 0.05 -0.27 0.08 0.10 0.05 0.06 0.07 0.26 -0.01 -0.15 0.06 0.04

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
50.01 50.01 50.01 50.01 50.01 50.01 50.01 50.01 50.01 50.01 50.01 50.01
3.32 3.17 3.17 3.17 3.17 3.17 3.17 3.22 3.21 3.17 3.17 3.17
16.95 16.95 16.95 16.99 16.84 16.47 16.02 15.06 13.78 12.57 12.45 12.45
29.72 29.87 29.87 29.82 29.98 30.35 30.80 31.71 32.99 34.25 34.37 34.37

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