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Swing Capital

Orissa Minerals Development Company Ltd

NSE: ORISSAMINE BSE: 590086Metal

Orissa Minerals Development Company Limited was incorporated in 1918. It operates various Iron Ore and Manganese Ore in various districts through leases. [1]

₹3,991
52W: ₹3100 — ₹6139
PE 0 · Book ₹85.4 · +4573% vs book
Market Cap₹2,395 Cr
Stock P/E—Price to Earnings
ROCE38.5%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹1

Weaknesses

  • −Company has low interest coverage ratio.
  • −Contingent liabilities of Rs.6,061 Cr.

Shareholding Pattern

Promoters50.01%
FIIs0.74%
DIIs10.93%
Public38.32%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.01%50.01%50.01%50.01%50.01%50.01%50.01%50.01%
FIIs1.66%1.9%▲0.21.95%▲0.12.17%▲0.20.53%▼1.60.53%0.44%▼0.10.74%▲0.3
DIIs11.01%11.03%▲0.011.05%▲0.011.1%▲0.011.11%▲0.010.95%▼0.210.95%10.93%▼0.0
Public37.32%37.05%▼0.336.98%▼0.136.72%▼0.338.35%▲1.638.5%▲0.138.59%▲0.138.32%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales16.6228.2833.9813.8723.3920.626.7319.3725.1320.61
Expenses13.6115.8420.5910.7816.6822.6442.9818.4817.9310.24
Operating Profit3.0112.4413.393.096.71-2.02-36.250.897.210.37
OPM %18.11%43.99%39.41%22.28%28.69%-9.8%-538.63%4.59%28.65%50.32%
Net Profit1.922.3213.49-2.080.79-7.49-31.44-2.793.144.34
EPS ₹3.23.8722.48-3.471.32-12.48-52.4-4.655.237.23

AI Insights

Revenue Trend

TTM revenue at ₹72Cr, up 10.8% YoY. OPM at -25%.

Debt Position

Borrowings at ₹145Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.

Capex Cycle

CWIP at ₹119Cr (476% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 10.93% (+1.78pp change). FIIs: 0.74% (+0.42pp change). Promoters hold 50.01%.

Margin & Efficiency

ROCE declining from 2% (Mar 2014) to -39% (Mar 2025). Working capital days: -1663.

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