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Last Updated on: 12 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Orissa Minerals Development Company Ltd

Basic Stock Data

Last Updated: June 12, 2024, 10:19 pm

Market Cap 4,056 Cr.
Current Price 6,761
High / Low8,344/2,728
Stock P/E
Book Value 43.0
Dividend Yield0.00 %
ROCE1.48 %
ROE%
Face Value 1.00
PEG Ratio0.00

Competitors of Orissa Minerals Development Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Anmol India Ltd 209 Cr. 36.768.0/30.010.0 17.60.00 %14.5 %23.3 % 10.0
Redington Ltd 17,238 Cr. 220238/13614.1 96.62.88 %18.3 %16.8 % 2.00
NMDC Ltd 76,826 Cr. 262286/10413.3 87.52.52 %31.9 %23.9 % 1.00
Asi Industries Ltd 229 Cr. 25.440.8/13.09.10 35.80.81 %10.8 %7.98 % 1.00
Rajdarshan Industries Ltd 13.3 Cr. 42.864.4/30.018.5 68.90.00 %4.22 %3.41 % 10.0
Industry Average18,903.06 Cr117.3813.0061.281.24%15.94%15.08%4.80

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.000.003.9040.0829.738.9715.465.207.916.963.4016.6228.28
Expenses10.306.3511.1817.1718.6510.8713.307.4611.7414.559.1813.6115.84
Operating Profit-10.30-6.35-7.2822.9111.08-1.902.16-2.26-3.83-7.59-5.783.0112.44
OPM %-186.67%57.16%37.27%-21.18%13.97%-43.46%-48.42%-109.05%-170.00%18.11%43.99%
Other Income4.867.211.171.602.431.735.252.581.012.121.701.770.24
Interest8.077.318.126.927.797.177.376.695.514.8610.287.467.35
Depreciation0.510.490.990.4913.410.420.660.590.550.430.560.563.01
Profit before tax-14.02-6.94-15.2217.10-7.69-7.76-0.62-6.96-8.88-10.76-14.92-3.242.32
Tax %1.71%205.62%-14.52%0.76%37.84%-19.20%-209.68%15.95%-0.11%101.12%0.00%159.26%0.00%
Net Profit-13.777.33-17.4316.97-4.78-9.25-1.91-5.86-8.890.12-14.911.922.32
EPS in Rs-22.9512.22-29.0528.28-7.97-15.42-3.18-9.77-14.820.20-24.853.203.87

Last Updated: June 9, 2024, 6:56 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:12 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2000000000833655
Expenses5445494043452966735336574753
Operating Profit-53-45-49-40-43-45-296-673-53-3625-112
OPM %-3,470%31%-31%4%
Other Income608075756962545428176106
Interest000000142132302430
Depreciation-1999751515221525
Profit before tax82617261912-258-638-48-52-14-27-27
Tax %58%51%63%32%44%47%2%29%-59%24%-7%39%
Net Profit313618117-253-452-77-40-14-17-11
EPS in Rs5.7321.4310.4329.5018.2310.93-421.60-752.72-127.82-66.08-24.15-27.57-17.58
Dividend Payout %15%15%10%15%15%13%0%0%0%0%0%0%

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%

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:3%
5 Years:52%
3 Years:25%
1 Year:129%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: June 8, 2024, 5:11 pm

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

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

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-53.00-45.00-49.00-40.00-43.00-45.00-336.00-796.00-363.00-348.00-323.00-193.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%0.20%0.20%0.23%0.25%0.30%0.32%0.50%1.23%1.52%
DIIs12.45%12.45%12.45%10.11%9.63%9.63%9.22%9.10%9.15%11.17%10.92%10.99%
Public34.37%34.37%34.37%39.67%40.15%40.12%40.52%40.58%40.51%38.31%37.82%37.47%
No. of Shareholders18,53118,53118,53124,46620,86520,31919,30919,38018,13817,24919,70419,726

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund107,0590.5875.95107,0592024-06-110%
Quant Infrastructure Fund69,1733.7149.07107,0592024-06-11-35.39%

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 98.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 98.54% compared to the current price 6761

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 253.22

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 96.25% compared to the current price ₹6761

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 156.60%

*Investments are subject to market risks

Strength and Weakness

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 has a low average ROCE of -14.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 0.75, which may not be favorable.
  3. The company has not shown consistent growth in sales (13.54) and profit (-73.54).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any 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: 15.94%)
      • 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. ROE%: 0.00% (Industry Average ROE: 15.08%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. 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.
    5. 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.
    6. Stock P/E: (Industry average Stock P/E: 13)
      • 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.
    7. 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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. Sidharth ShambhuIndependent Director
Mrs. T N SarasuIndependent Director
Mr. M SaravananIndependent Director
Mrs. Swapna BhattacharyaGovernment Nominee Director
Mr. T R MallikNominee Director

FAQ

What is the latest fair value of Orissa Minerals Development Company Ltd?

The latest fair value of Orissa Minerals Development Company Ltd is ₹98.69.

What is the Market Cap of Orissa Minerals Development Company Ltd?

The Market Cap of Orissa Minerals Development Company Ltd is 4,056 Cr..

What is the current Stock Price of Orissa Minerals Development Company Ltd as on 12 June 2024?

The current stock price of Orissa Minerals Development Company Ltd as on 12 June 2024 is ₹6,761.

What is the High / Low of Orissa Minerals Development Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Orissa Minerals Development Company Ltd stocks is 8,344/2,728.

What is the Stock P/E of Orissa Minerals Development Company Ltd?

The Stock P/E of Orissa Minerals Development Company Ltd is .

What is the Book Value of Orissa Minerals Development Company Ltd?

The Book Value of Orissa Minerals Development Company Ltd is 43.0.

What is the Dividend Yield of Orissa Minerals Development Company Ltd?

The Dividend Yield of Orissa Minerals Development Company Ltd is 0.00 %.

What is the ROCE of Orissa Minerals Development Company Ltd?

The ROCE of Orissa Minerals Development Company Ltd is 1.48 %.

What is the ROE of Orissa Minerals Development Company Ltd?

The ROE of Orissa Minerals Development Company Ltd is %.

What is the Face Value of Orissa Minerals Development Company Ltd?

The Face Value of Orissa Minerals Development Company Ltd is 1.00.

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