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Orissa Minerals Development Company
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Orissa Minerals Development Company Management and History
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Company History
Orissa Minerals Development Company Ltd (OMDC) is one of the oldest iron ore mining companies in India. The company is 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.
Apart from mining and marketing of iron ore, the company is engaged in the field of mining and marketing of manganese ore. The company has six mining leases in the Keonjhar district of Orissa. The company has a joint venture in the name and style of East India Minerals Ltd (EIML) with stake of 26%.
Orissa Minerals Development Company Ltd was incorporated in the year 1918. Initially, the company was under the Bird Group of companies. 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 plans to install 2 MTPA Pelletizing Plant with 2 million tonne iron ore beneficiation facilities at Thakurani, Orissa. Also, they are in the process of expanding their existing 30000 TPA Sponge Iron Plant at Thakurani, Orissa.
The company is exploring opportunities to go for exploitation of Iron ore and other minerals like coal, Manganese, Diamond, gold etc, for which the company is looking forward for leases/ buy properties from foreign countries directly/ under Special Purpose Vehicle/ Joint Ventures etc. The company also consider about exploring the opportunities of acquiring mining leases in other minerals in the state or other states within the country or outside the country.
Orissa Minerals Development Company Share Price
Orissa Minerals Development Company share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Orissa Minerals Development Company Market Cap
Market capitalization of Orissa Minerals Development Company indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Orissa Minerals Development Company is valued compared to its competitors.
Orissa Minerals Development Company PE Ratio
Orissa Minerals Development Company PE ratio helps investors understand what is the market value of each stock compared to Orissa Minerals Development Company 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Orissa Minerals Development Company PEG Ratio
The PEG ratio of Orissa Minerals Development Company evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Orissa Minerals Development Company ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Orissa Minerals Development Company generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Orissa Minerals Development Company ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Orissa Minerals Development Company in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Orissa Minerals Development Company Total Debt
Total debt of Orissa Minerals Development Company shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Orissa Minerals Development Company Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Orissa Minerals Development Company compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Orissa Minerals Development Company CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Orissa Minerals Development Company over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Orissa Minerals Development Company Technical Analysis
Technical analysis of Orissa Minerals Development Company helps investors get an insight into when they can enter or exit the stock. Key components of Orissa Minerals Development Company Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Orissa Minerals Development Company shares often struggle to rise above due to selling pressure.
Orissa Minerals Development Company Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Orissa Minerals Development Company ’s financial health and profitability.
Orissa Minerals Development Company Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Orissa Minerals Development Company Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Orissa Minerals Development Company Financials
The financials of Orissa Minerals Development Company provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Orissa Minerals Development Company Profit and Loss Statements
The profit and loss statement of Orissa Minerals Development Company highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Orissa Minerals Development Company .
Orissa Minerals Development Company Balance Sheet
The balance sheet presents a snapshot of Orissa Minerals Development Company ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Orissa Minerals Development Company Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
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