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Orissa Minerals Development Company Ltd share Price Today

Company details

6,561.10
7,956.60
2,728.00
8,344.00
6M Return 5.76%
1Y Return 181.62%
Mkt Cap.(Cr) 4,773.96
Volume 222,633
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 222,633

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Orissa Minerals Development Company Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company reducing Debt

Weakness (3)

  • Low Piotroski Score : Companies with weak financials
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Book Value Per Share deteriorating for last 2 years

Opportunity (3)

  • Highest Recovery from 52 Week Low
  • Stock with Low PE (PE < = 10)
  • High Volume, High Gain

Threats (1)

  • Red Flag: Resignation of Top Management

Resistance and support

R1 8,421.8
R2 8,886.9
R3 9,817.3
Pivot

7,491.43

S1 7,026.3
S2 6,095.9
S3 5,630.8
EMA SMA
6,408.1
6,352.2
6,374.9
6,024.4
6,123.6
6,391.8
6,471.9
6,420.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GHI JBD LTD Bulk Sell 2019-01-24 828.65 30899 BSE
JMP SECURITIES PVT LTD Bulk Purchase 2010-10-15 54243.23 1528 NSE
JMP SECURITIES PVT LTD Bulk Sell 2010-10-15 53592.75 3717 NSE
Name Category Shares
EASTERN INVESTMENTS LIMITED PROMOTER 50.01%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Orissa Minerals Development Company Ltd Stocks COMPARISON

Financials( in Cr) Orissa Minerals Development Company Ltd Coal India Ltd Vedanta Ltd NMDC Ltd Lloyds Metals & Energy Ltd
Price 7,956.60 489.05 452.30 265.95 747.70
% Change 20 0.43 1.05 -0.54 3.36
Mcap Cr 4,773.96 301,388.21 168,129.23 77,939.47 37,777.84
Revenue TTM Cr 35.53 138,251.91 147,308.00 17,666.88 3,392.31
Net Profit TTM Cr -16.54 28,124.94 14,506.00 5,537.72 -288.54
PE TTM 0.00 8.02 51.93 13.58 29.42
1 Year Return 181.62 113.61 60.96 144.10 32.74
ROCE 0.00 29.53 19.89 28.47 0.00
ROE 0.00 56.03 22.74 22.69 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: -12.80 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Orissa Minerals Development Company Ltd Information

Stock PE (TTM)
0
Promoter Holding
50.01%
Book Value
-42.9857
ROCE
0%
ROE
0%
Description
  • Orissa Minerals Development Company Ltd was incorporated in the year 1918. The Company is one of the oldest iron ore mining companies in India. The company engages in mining and producing iron ore and manganese ore. They also produce sponge iron. Their mines are located around Barbil in Keonjhar district of Orissa. The company is a subsidiary of Eastern Investments Ltd. The Company operates 6 Iron Ore and Manganese Ore mining leases at Barbil in Keonjhar Dist. of Odisha, namely Dalki Manganese Mines, Kolha Roida Iron & Manganese mines, Thakurani Iron and Manganese Mines, Belkundi Iron and Manganese Mines, Bagiaburu Iron Mines and Bhadrasahi Iron and Manganese Mines. It has a joint venture in the name and style of East India Minerals Ltd (EIML) with stake of 26%. Initially, the company was under the Bird Group of companies in 1980. 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 Ltd for production of sponge grade iron ore. From September 1999, they started commercial production. During the financial years 1994-95, 1995-96 and 1996-97 the company was able to achieve marginal profits. Consequent to recession in Iron and Steel Industry the position deteriorated from 1997-98 since the demand of its products declined sharply. With the recessionary trend in the steel industry having been over since 2003 onwards, the company`s position improved and they had started making significant amount of profit after tax. 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 Ltd, 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 Ltd held 50.01% interest in the company. Thus, OMDC became a subsidiary company of Eastern Investments Ltd. As Eastern Investments Ltd 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 Ltd also attained the status of a government company. As of March 31, 2010, the company`s mining lease area aggregates to 4365.262 hectares covering six mining leases in Barbil, district Keonjhar inclusive of three leasehold areas totaling 2068.272 hectares in the name of Bharat Process & Mechanical Engineers Ltd (BPMEL). The equity shares of the company were listed on the National Stock Exchange Ltd with effect from September 29, 2010. The Company was accorded the status of Schedule "B" Central Public Sector Enterprise (CPSE) with effect from 19th March, 2010 by Department of Public Enterprises (DPE) in consultation with Ministry of Steel, Government of India. In accordance with the Cabinet decision dated 10.09.2009, 51% shareholding, (i.e. 7,36,638 shares) of Government of India in Eastern Investments Limited (EIL) was transferred to Rashtriya Ispat Nigam Limited (RINL). Thus RINL became the holding company of EIL, and its subsidiaries OMDC and BSLC also were made subsidiaries of RINL w.e.f. 05.01.2011. Brahmani Coal Block was surrendered to Ministry of Coal (MoC) in 2022. In 2022-23, the company achieved significant progress in the attempts towards bringing the mines into operation. It received extension of mining lease period for Bagiaburu, Belkundi and Bhadrasahi mines. Further, the clearance of Hon`ble Supreme Court was received for resumption of mining operations in these mines. The company is in the process of obtaining the clearances. Also OMDC obtained permission from Hon`ble Supreme Court of India for Sale of undisposed stock of minerals from Bhadrasahi vide order dated 11.08.2020 and for Belkundi & Bagiaburu mines vide order dated 07.04.2022. Despatch from Bhadrasahi mines started on 28.06.2021 and 1.50 lakh tonnes of Iron & Manganese Ore dispatched during FY 23. For Bagiaburu first E-Auction conducted on 17.03.2023.

Registered Address

Sail Off Ground Floor 271 Unit, VSastri nagar, Bhubaneshwar, Orissa, 700091

Tel : 0674-2391595
Email : info.birdgroup:nic.in
Website : http://www.birdgroup.gov.in
Registrar

CB Management Services Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 590086
NSE Code : ORISSAMINE
Book Closure Date (Month) : Dec
BSE Group : B
ISIN : INE725E01024

FAQ’s on Orissa Minerals Development Company Ltd Shares

You can buy Orissa Minerals Development Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Orissa Minerals Development Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 04:09 PM the closing price of Orissa Minerals Development Company Ltd was Rs.7,956.60.

The latest PE ratio of Orissa Minerals Development Company Ltd as of Jun 18, 2024 04:09 PM is 0.00

The latest PB ratio of Orissa Minerals Development Company Ltd as of Jun 18, 2024 04:09 PM is -0.01

The 52-week high of Orissa Minerals Development Company Ltd share price is Rs. 8,344.00 while the 52-week low is Rs. 2,728.00

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 Jun 18, 2024 04:09 PM, the market cap of Orissa Minerals Development Company Ltd stood at Rs. 4,773.96.

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