The Orissa Minerals Development Company Ltd Stock Analysis

BSE: 590086 | NSE: ORISSAMINE | Mining & Minerals | Small Cap

BSE Share Price 06-Dec-2022 10:25
2910.35 -51.15 (-1.73%)

DeciZen - Make an Informed Decision on OMDC

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

OMDC Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
1,776.9 Cr.
52-wk low :
2,211
52-wk high :
3,672.5
Bole Toh?

1. Is The Orissa Minerals Development Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that The Orissa Minerals Development Company Ltd is a below average quality company.

2. Is The Orissa Minerals Development Company Ltd undervalued or overvalued?

The key valuation ratios of The Orissa Minerals Development Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is The Orissa Minerals Development Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Orissa Minerals Development Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of OMDC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Orissa Minerals Development Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 1.6%0.8%2.2%1.3%0.8%-34.1%-101.4%-19.7%-5%2%-
Value Creation Index -0.9-1.0-0.9-0.9-0.9-3.4-8.2-2.4-1.4-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000000082.759
YoY Gr. Rt. %-NANANANANANANANANA-
Adj EPS 21.410.429.518.311.1-418.3-752.7-127.8-66.1-24.2-36.3
YoY Gr. Rt. %--51.6%184.2%-38.1%-39.1%-3858.5%NANANANA-
BVPS (₹) 1,3551,364.21,377.11,394.81,401.3978.3224.995.130.15.9-7.1
Adj Net Profit 12.96.217.7116.7-251-452-76.7-39.7-14.5-22
Cash Flow from Ops. -80.9-8.1-55.9-37.6-55-43.5-520-171-23.4102-
Debt/CF from Ops. 00000-0.9-0.2-1.8-13.33.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS -201.3%-216.8%NANA
BVPS -45.4-66.5-70.3-80.5
Share Price -2.8% 7.7% 31.1% 27%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.60.82.21.30.8-35.2-125.1-79.9-105.5-134.26107.6
Op. Profit Mgn % 0000000003015.3
Net Profit Mgn % 000000000-17.5-36.7
Debt to Equity 000000.10.95.417.394.4-
Working Cap Days 0000000004822,333
Cash Conv. Cycle 000000000630

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.00%

Sales growth is good in last 4 quarters at 52.35%

Sales growth has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 94.43

Latest Financials - The Orissa Minerals Development Company Ltd.

Standalone Consolidated
TTM EPS (₹) -36.3 -
TTM Sales (₹ Cr.) 59.4 -
BVPS (₹.) -7.1 -
Reserves (₹ Cr.) -5 -
P/BV -419.10 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 2211.00 / 3672.45
All Time Low / High (₹) 527.45 / 9220.00
Market Cap (₹ Cr.) 1,777
Equity (₹ Cr.) 0.6
Face Value (₹) 1
Industry PE 9.4

Management X-Ray of OMDC :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of OMDC

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

The Orissa Minerals Development Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of OMDC on 06-Dec-2022 10:25 is : 2,910.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 10:25 the market cap of OMDC stood at ₹ 1,776.9.
The latest PE ratio of OMDC as of 06-Dec-2022 10:25 is 0.00.
The latest PB ratio of OMDC as of 06-Dec-2022 10:25 is -419.10
The 52-week high of OMDC is ₹ 3,672.5 and the 52-week low is ₹ 2,211.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of OMDC is ₹ 59.37 ( Cr.) .

About The Orissa Minerals Development Company Ltd

Orissa Minerals Development Company, incorporated in the year 1918, is one of the oldest iron ore mining companies. It is part of the Bird group of companies under the administrative control of the Ministry of Steel, Government of India. The registered office is at FD-350 Salt Lake City, Sector III, Kolkata-700106. The Bisra Stone Lime Company, Karanpura Development Company, Scott & Saxby, Eastern Investments, Burrakur Coal Company (under liquidation), and Borrea Coal Company (under liquidation) are other group companies.

Business of the company:

The company is engaged in mining and producing iron ore and manganese ore. They also produce sponge iron. Apart from mining and marketing of iron ore, the company is also engaged in the field of mining and marketing of manganese ore. The company has six mining leases in the Keonjhar district of Orissa. With respect to the Bagiaburu iron ore mines (21.52 hectares) and Bhadrasai iron and manganese mines (998.7 hectares), the lease period is valid up to September 30, 2010. Renewal is pending regarding the remaining four leases. A 100 TPD sponge iron plant has been set up and measures taken to enhance crushing capacity by installing and commissioning an additional crushing and screening plant.

History of the company:

The Bird Group of Companies was nationalized by the Government of India. Consequent upon such nationalization of the Undertaking, the shares held by the said company in twenty one companies were transferred in the name of the President of India. After the company came under the Ministry of Steel, Government of India, the Government extended financial support to the company in the Development of Mines, Clearing outstanding dues, creating facilities for sizing iron ore and Replacement of old/ worn out equipment and providing new equipment.

 In the year 1992, the company set up a joint venture company, namely East India Minerals for production of sponge grade iron ore. In June 2004, as a part of diversification, the company set up a 100 TPD Sponge Iron Plant and the plant started making commercial production. They entered into the venture of direct export of iron ore fines from the year 2005-06.

During the year 2009-10, the restructuring scheme for the Bird Group of Companies as approved by the Ministry of Steel Government of India and also the Union Cabinet was implemented with effect from March 19, 2010. Thus, the group has transformed from a government managed company to a government company.

As per the scheme Eastern Investments, another company under the group, in pursuit of making OMDC as their subsidiary in due compliance of the terms of the approved scheme acquired requisite number of shares of OMDC, major from the President of India on share swap basis and balance from LICI on direct payment basis. As of March 19, 2010, Eastern Investments held 50.01% interest in the company. Thus, OMDC became a subsidiary company of Eastern Investments. As Eastern Investments was converted to a government company consequent to their preferential allotment of equivalent number of shares in the name of the President of India, OMDC as subsidiary of Eastern Investments also attained the status of a government company.The equity shares of the company were listed on the National Stock Exchange with effect from September 29, 2010.

 

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