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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Orissa Minerals Development Company Ltd

About the Company - Orissa Minerals Development Company Ltd

The Orissa Minerals Development Company Ltd. is a Public Limited Listed company incorporated on 16/08/1918 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L51430OR1918GOI034390 and registration number is 003026. Currently company belongs to the Industry of Mining/Minerals. Company’s Total Operating Revenue is Rs. 82.68 Cr. and Equity Capital is Rs. 0.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/MineralsC/O Sail Office, Ground Floor, Bhubaneshwar Orissa 751001info.birdgroup@birdgroup.co.in
http://www.birdgroup.co.in
Management
NamePosition Held
Mr. Atul BhattChairman
Mr. D K MohantyManaging Director
Mr. A K SaxenaNon Executive Director
Mr. Sohanlal KadelIndependent Director
Mr. Sidharth ShambhuIndependent Director
Mrs. T N SarasuIndependent Director
Mr. M SaravananIndependent Director
Mr. D P MohantyNon Exe. & Nominee Director
Mrs. Swapna BhattacharyaGovernment Nominee Director

The Orissa Minerals Development Company Ltd. Share Price Update

Share PriceValue
Today₹6,900.00
Previous Day₹7,026.85

Basic Stock Data of Orissa Minerals Development Company Ltd

Market Cap 4,069 Cr.
Current Price 6,782
High / Low8,344/2,295
Stock P/E
Book Value 43.0
Dividend Yield0.00 %
ROCE1.48 %
ROE%
Face Value 1.00

Data Source: screener.in

Competitors of Orissa Minerals Development Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Redington Ltd 16,495 Cr. 211220/13613.8 88.23.40 %24.9 %21.9 % 2.00
Vedanta Ltd 1,00,067 Cr. 269305/20820.1 85.037.7 %21.2 %20.4 % 1.00
MOIL Ltd 5,531 Cr. 272370/14119.6 1161.38 %14.7 %11.0 % 10.0
20 Microns Ltd 546 Cr. 155201/62.810.4 91.10.48 %19.3 %15.3 % 5.00
NMDC Ltd 69,910 Cr. 239253/10412.2 83.62.78 %30.2 %23.0 % 1.00
Industry Average127.4 Cr229.215.2292.789.15%22.06%18.32%3.8

Orissa Minerals Development Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.000.000.003.9040.0829.738.9715.465.207.916.963.4016.62
Expenses11.6710.306.3511.1817.1718.6510.8713.307.4611.7414.559.1813.61
Operating Profit-11.67-10.30-6.35-7.2822.9111.08-1.902.16-2.26-3.83-7.59-5.783.01
OPM %-186.67%57.16%37.27%-21.18%13.97%-43.46%-48.42%-109.05%-170.00%18.11%
Other Income2.764.867.211.171.602.431.735.252.581.012.121.701.77
Interest8.268.077.318.126.927.797.177.376.695.514.8610.287.46
Depreciation0.580.510.490.990.4913.410.420.660.590.550.430.560.56
Profit before tax-17.75-14.02-6.94-15.2217.10-7.69-7.76-0.62-6.96-8.88-10.76-14.92-3.24
Tax %2.25%1.71%205.62%-14.52%0.76%37.84%-19.20%-209.68%15.95%-0.11%101.12%0.00%159.26%
Net Profit-17.35-13.777.33-17.4316.97-4.78-9.25-1.91-5.86-8.890.12-14.911.92
EPS in Rs-28.92-22.9512.22-29.0528.28-7.97-15.42-3.18-9.77-14.820.20-24.853.20

Orissa Minerals Development Company Ltd Quarterly Chart

Orissa Minerals Development Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2000000000833635
Expenses5445494043452966735336574749
Operating Profit-53-45-49-40-43-45-296-673-53-3625-11-14
OPM %-3,470%31%-31%-41%
Other Income608075756962545428176107
Interest000000142132302428
Depreciation-1999751515221522
Profit before tax82617261912-258-638-48-52-14-27-38
Tax %58%51%63%32%44%47%2%29%-59%24%-7%39%
Net Profit313618117-253-452-77-40-14-17-22
EPS in Rs5.7321.4310.4329.5018.2310.93-421.60-752.72-127.82-66.08-24.15-27.57-36.27
Dividend Payout %15%15%10%15%15%13%0%0%0%0%0%0%

Orissa Minerals Development Company Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)333.33%-53.85%200.00%-38.89%-36.36%-3714.29%-78.66%82.96%48.05%65.00%-21.43%
Change in YoY Net Profit Growth (%)0.00%-387.18%253.85%-238.89%2.53%-3677.92%3635.63%161.62%-34.91%16.95%-86.43%

Orissa Minerals Development Company Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:47%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:21%
TTM:58%
Stock Price CAGR
10 Years:12%
5 Years:51%
3 Years:41%
1 Year:158%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Orissa Minerals Development Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1111111111111
Reserves80281281882683684058613456173-13-26
Borrowings0000004012331031234818297
Other Liabilities9010095971361383774298785114226319
Total Liabilities8929139139249729791,004687454416466395390
Fixed Assets88908469625744292725312928
CWIP3112211013333
Investments4444330000000
Other Assets798818824850906918959657425387431363359
Total Assets8929139139249729791,004687454416466395390

Orissa Minerals Development Company Ltd Reserves and Borrowings Chart

Orissa Minerals Development Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -57-81-8-56-38-55-44-520-171-23102-60
Cash from Investing Activity 5761738852160712-20416428-4148
Cash from Financing Activity -1-1-2-1-3-2-2-4-21-32-30-24
Net Cash Flow-2-21623111103667-729-29-2731-37

Orissa Minerals Development Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days29100
Inventory Days9,26122,1741,60128,48053,8471,167
Days Payable1,5301,4601525,7186,512161
Cash Conversion Cycle8,0221,0060
Working Capital Days4,774-240-1,672
ROCE %1%3%2%3%2%2%-35%-143%-8%-8%5%-1%

Orissa Minerals Development Company Ltd Financial Efficiency Indicators Chart

Orissa Minerals Development Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters50.01%50.01%50.01%50.01%50.01%50.01%50.01%50.01%50.01%50.01%50.01%50.01%
FIIs3.17%3.17%3.17%3.17%0.20%0.20%0.23%0.25%0.30%0.32%0.50%1.23%
DIIs12.45%12.45%12.45%12.45%10.11%9.63%9.63%9.22%9.10%9.15%11.17%10.92%
Public34.37%34.37%34.37%34.37%39.67%40.15%40.12%40.52%40.58%40.51%38.31%37.82%
No. of Shareholders18,53118,53118,53118,53124,46620,86520,31919,30919,38018,13817,24919,704

Orissa Minerals Development Company Ltd Shareholding Pattern Chart

No. of Orissa Minerals Development Company Ltd Shareholders

Orissa Minerals Development Company Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund1070590.5875.95
Quant Infrastructure Fund691733.7149.07

Orissa Minerals Development Company Ltd ROCE Trend

Orissa Minerals Development Company Ltd EPS Trend

Orissa Minerals Development Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-27.57-24.16-66.09-127.82-752.72
Diluted EPS (Rs.)-27.57-24.16-66.09-127.82-752.72
Cash EPS (Rs.)-23.851.37-62.57-123.66-727.78
Book Value[Excl.RevalReserv]/Share (Rs.)-21.345.8830.1195.13224.86
Book Value[Incl.RevalReserv]/Share (Rs.)-21.345.8830.1195.13224.86
Revenue From Operations / Share (Rs.)59.22137.800.000.000.00
PBDIT / Share (Rs.)-3.4952.66-42.67-40.82-1033.16
PBIT / Share (Rs.)-7.2127.14-46.19-44.98-1058.10
PBT / Share (Rs.)-45.37-22.62-87.35-80.61-1063.51
Net Profit / Share (Rs.)-27.57-24.16-66.09-127.82-752.72
PBDIT Margin (%)-5.8938.210.000.000.00
PBIT Margin (%)-12.1719.690.000.000.00
PBT Margin (%)-76.60-16.410.000.000.00
Net Profit Margin (%)-46.55-17.530.000.000.00
Return on Networth / Equity (%)0.00-410.57-219.46-134.36-334.74
Return on Capital Employeed (%)314.4212.00-9.26-44.71-457.83
Return On Assets (%)-4.18-3.11-9.54-15.99-65.77
Long Term Debt / Equity (X)0.0036.2415.390.000.00
Total Debt / Equity (X)-13.5694.4317.275.430.91
Asset Turnover Ratio (%)0.080.180.000.000.00
Current Ratio (X)0.340.661.500.540.74
Quick Ratio (X)0.290.591.260.470.69
Interest Coverage Ratio (X)-0.081.05-0.80-1.14-144.78
Interest Coverage Ratio (Post Tax) (X)0.250.51-0.47-2.58-104.73
Enterprise Value (Cr.)1519.521880.511678.57707.70311.39
EV / Net Operating Revenue (X)42.7722.740.000.000.00
EV / EBITDA (X)-725.1759.51-65.57-28.90-0.50
MarketCap / Net Operating Revenue (X)40.1220.680.000.000.00
Price / BV (X)-111.35484.3481.779.803.90
Price / Net Operating Revenue (X)40.1220.680.000.000.00
EarningsYield-0.01-0.01-0.02-0.13-0.85

Orissa Minerals Development Company Ltd Profitability Ratios (%)

Orissa Minerals Development Company Ltd Liquidity Ratios

Orissa Minerals Development Company Ltd Liquidity Ratios (%)

Orissa Minerals Development Company Ltd Interest Coverage Ratios (X)

Orissa Minerals Development Company Ltd Valuation Ratios

Fair Value / Intrinsic Value of Orissa Minerals Development Company Ltd

Fair Value: ₹98.69

The stock is overvalued by 98.54% compared to the current price ₹6782

*Investments are subject to market risks

Strength and Weakness of Orissa Minerals Development Company Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -19.75, which is a positive sign.
  2. The company has higher reserves (437.77 cr) compared to borrowings (108.62 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -225.87 and average Dividend Yield of -18.60%.
  2. The stock has a low average ROCE of -14.75%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 0.75, which may not be favorable.
  4. The company has not shown consistent growth in sales (12.00) and profit (-74.38).

Should I Buy Orissa Minerals Development Company Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Orissa Minerals Development Company Ltd:
    1. Net Profit Margin: -46.55%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 314.42% (Industry Average ROCE: 16.32%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.25
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.29
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 17.34)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: -13.56
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Orissa Minerals Development Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE