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ORISSAMINE
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Share Price
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Forensics
- 5D
- 1M
- 6M
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This data is currently unavailable for this company.
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Summary
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Revenue Mix
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Revenue Mix
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Recent events
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News
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Corporate Actions
Orissa Minerals Development Says Public Hearing For Bhadrasahi Iron & Manganese Ore Mines On Mar 26
Feb 11 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
ORISSA MINERALS DEVELOPMENT CO - PUBLIC HEARING FOR BHADRASAHI IRON & MANGANESE ORE MINES ON MAR 26
Source text: ID:nNSE75fLDR
Further company coverage: ORIS.NS
(([email protected];;))
Feb 11 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
ORISSA MINERALS DEVELOPMENT CO - PUBLIC HEARING FOR BHADRASAHI IRON & MANGANESE ORE MINES ON MAR 26
Source text: ID:nNSE75fLDR
Further company coverage: ORIS.NS
(([email protected];;))
Orissa Minerals Development Company Suspends CFO Ramakanta Behera
Jan 7 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
SUSPENDS CFO RAMAKANTA BEHERA
Source text: ID:nNSE99FKRY
Further company coverage: ORIS.NS
(([email protected];;))
Jan 7 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
SUSPENDS CFO RAMAKANTA BEHERA
Source text: ID:nNSE99FKRY
Further company coverage: ORIS.NS
(([email protected];;))
India's Orissa Minerals hits record high after getting mining permit
** Shares of Orissa Minerals Development Company Ltd ORIS.NS rise as much as 8.2% to a record high of 9,721.05 rupees
** Stock on track to rise for third straight day
** Mining co says, State Pollution Control Board, Odisha issued consent to establish order for Belkundi iron & manganese ore mines
** Consent order for production of iron ore (ROM) of 1.8 MTPA & manganese ore 0.3 MTPA (ROM)
** More than 45,000 shares traded as of 9:55 a.m. IST, busiest day yet in Oct. so far
** ORIS last up 4%, adding to YTD gains of 31.9%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Orissa Minerals Development Company Ltd ORIS.NS rise as much as 8.2% to a record high of 9,721.05 rupees
** Stock on track to rise for third straight day
** Mining co says, State Pollution Control Board, Odisha issued consent to establish order for Belkundi iron & manganese ore mines
** Consent order for production of iron ore (ROM) of 1.8 MTPA & manganese ore 0.3 MTPA (ROM)
** More than 45,000 shares traded as of 9:55 a.m. IST, busiest day yet in Oct. so far
** ORIS last up 4%, adding to YTD gains of 31.9%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Orissa Minerals Development Co Gets Consent To Establish For Belkundi Iron & Manganese Ore Mine
Oct 9 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
GOT CONSENT TO ESTABLISH FOR BELKUNDI IRON & MANGANESE ORE MINE
Source text for Eikon: ID:nNSE8TlR6S
Further company coverage: ORIS.NS
(([email protected];;))
Oct 9 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
GOT CONSENT TO ESTABLISH FOR BELKUNDI IRON & MANGANESE ORE MINE
Source text for Eikon: ID:nNSE8TlR6S
Further company coverage: ORIS.NS
(([email protected];;))
Indian mining-related stocks gain as govt scraps import duty on critical minerals
** Shares of mining-related firms gain between 2% and 6.7%
** Finance Minister Nirmala Sitharaman announces exemption from import duty on 25 critical minerals in budget speech
** 20 Microns' MICR.NS 6.7% gain the highest, trailed by Orissa Minerals Development Co's ORIS.NS 2% climb
(Reporting by Kashish Tandon in Bengaluru)
** Shares of mining-related firms gain between 2% and 6.7%
** Finance Minister Nirmala Sitharaman announces exemption from import duty on 25 critical minerals in budget speech
** 20 Microns' MICR.NS 6.7% gain the highest, trailed by Orissa Minerals Development Co's ORIS.NS 2% climb
(Reporting by Kashish Tandon in Bengaluru)
Orissa Minerals Development Co Says Supreme Court Of India Issued Order In Favour Of State Of Odisha
July 12 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
ORISSA MINERALS DEVELOPMENT CO- SUPREME COURT OF INDIA ISSUED ORDER IN FAVOUR OF STATE OF ODISHA
ORISSA MINERALS DEVELOPMENT CO- ORDER REJECTING REQUEST FOR RENEWAL OF KOLHA-ROIDA LEASE IS UPHELD
Source text for Eikon: ID:nNSE2KkMLx
Further company coverage: ORIS.NS
(([email protected];))
July 12 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
ORISSA MINERALS DEVELOPMENT CO- SUPREME COURT OF INDIA ISSUED ORDER IN FAVOUR OF STATE OF ODISHA
ORISSA MINERALS DEVELOPMENT CO- ORDER REJECTING REQUEST FOR RENEWAL OF KOLHA-ROIDA LEASE IS UPHELD
Source text for Eikon: ID:nNSE2KkMLx
Further company coverage: ORIS.NS
(([email protected];))
Orissa Minerals Development Company Says Pollution Control Board, Odisha Issued Consent For Bagiaburu Iron Ore Mines
Dec 14 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
STATE POLLUTION CONTROL BOARD, ODISHA ISSUED CONSENT TO OPERATE FOR BAGIABURU IRON ORE MINES OF CO
Further company coverage: ORIS.NS
(([email protected];))
Dec 14 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
STATE POLLUTION CONTROL BOARD, ODISHA ISSUED CONSENT TO OPERATE FOR BAGIABURU IRON ORE MINES OF CO
Further company coverage: ORIS.NS
(([email protected];))
Orissa Minerals Development Company Says Additional Charge Of Post Of MD To Deb Kalyan Mohanty
July 24 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
ADDITIONAL CHARGE OF POST OF MD TO DEB KALYAN MOHANTY
Source text for Eikon: ID:nNSEbWwMmR
Further company coverage: ORIS.NS
(([email protected];;))
July 24 (Reuters) - Orissa Minerals Development Company Ltd ORIS.NS:
ADDITIONAL CHARGE OF POST OF MD TO DEB KALYAN MOHANTY
Source text for Eikon: ID:nNSEbWwMmR
Further company coverage: ORIS.NS
(([email protected];;))
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Popular questions
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Business
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Financials
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Share Price
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Shareholdings
What does OMDC do?
OMDC, a subsidiary of Rashtriya Ispat Nigam, operates iron ore and manganese ore mining leases in Odisha. Currently inactive due to expired lease rights and lack of statutory clearances. Financially sustained by interest earnings.
Who are the competitors of OMDC?
OMDC major competitors are Prakash Inds., Raghav Productivity, Ashapura Minechem, Shivalik Bimetal, Pondy Oxides & Chem., Deccan Gold Mines, Nile. Market Cap of OMDC is ₹3,377 Crs. While the median market cap of its peers are ₹2,675 Crs.
Is OMDC financially stable compared to its competitors?
OMDC seems to be less financially stable compared to its competitors. Altman Z score of OMDC is 10.96 and is ranked 6 out of its 8 competitors.
Does OMDC pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. OMDC latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has OMDC allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is OMDC balance sheet?
Balance sheet of OMDC is strong. But short term working capital might become an issue for this company.
Is the profitablity of OMDC improving?
Yes, profit is increasing. The profit of OMDC is ₹4.71 Crs for TTM, ₹2.82 Crs for Mar 2024 and -₹16.54 Crs for Mar 2023.
Is the debt of OMDC increasing or decreasing?
Yes, The debt of OMDC is increasing. Latest debt of OMDC is -₹28.77 Crs as of Sep-24. This is greater than Mar-24 when it was -₹49.45 Crs.
Is OMDC stock expensive?
OMDC is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of OMDC is 717, while 3 year average PE is 101. Also latest EV/EBITDA of OMDC is 158 while 3yr average is 269.
Has the share price of OMDC grown faster than its competition?
OMDC has given lower returns compared to its competitors. OMDC has grown at ~11.46% over the last 9yrs while peers have grown at a median rate of 28.04%
Is the promoter bullish about OMDC?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in OMDC is 50.01% and last quarter promoter holding is 50.01%.
Are mutual funds buying/selling OMDC?
The mutual fund holding of OMDC is increasing. The current mutual fund holding in OMDC is 3.08% while previous quarter holding is 3.06%.