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Thursday, September 9, 2010

Orissa Minerals Development Company Ltd : OMDC

Scrip Name: Orissa Minerals Development Company Ltd
BSE CODE - 590086
NSE CODE - ORISSAMINE
CMP: Rs.33775.75;
Buy at Current levels
Market Cap : Rs.2026.545 cr ; Free Float M.cap : 1013 cr
52 Week High/Low : Rs.44693.80(26Aug10)/Rs.20475(4Aug10)
Total Shares : 6,00,000 shares;
Promoters - 3,00,089 shares - 50.01%
Book Value : Rs.13194 ; Face Value - Rs.10; EPS - Rs.228.76;
Public Holding - 299911 shares - 49.99%
Enterprise Value : Rs.33775.75 per share.
Book Cls - 21-SEP-2010 ; Rec Dt - 28-SEP-2010


OMDC was incorporated in 1918, was trading on Calcutta Stock Exchange. An government owned company with promoters holding of 99.18 % as on 31 March 2010. Rashtriya Ispat Nigam Ltd, Union Govt along with state owned holding Co. owns 51% of OMDC as on 31 March 2010.
OMDC has 6 iron ore mines with combine reserve of 200 million tonnes around Rs.7000 cr. In 2009 it mined 1.66 mt of ore & posted profit of Rs.182 cr on trunover of Rs.347 cr, cash per share of Rs.13200 at Rs.792 cr.
OMDC got listed on BSE ON 4 AUG 2010, with the paid up capital of Rs. 60 Lakhs. A ZERO DEBT company.
Total Shares o/s - 6,00,000 shares.
Indian Promoter - 3,00,089 - 50.02%.
Banks/Fin.Inst/Insur. - 94500 - 15.75%.
Pvt Corporates Bodies - 36391 - 6.07%.
NRI/Foreign - 1757 - 0.29%.
General Public - 167263 - 27.88% .
Financials -
As on June 2010- (MAR 2010)
Sales - Rs.19.49 cr,(18.06)
PAT - Rs.13.72 cr,(14.81)
EPS - Rs.228.76,(246.77)
R & S - Rs.791.64 cr,(791.66)
RONW - 24.84%.


WHATS THE BUZZzzzzz.....
There are the buzz in the market that OMDC will declare Bonus & split in order to get it self listed on NSE which needs minimum paid up capital of Rs. 10 cr for listing. Its already listed on BSE which needs Rs.3 cr as min. paid up capital, this listing is done as per the alliance between BSE & CSE.
The Public holding more than 1 % are - ALLBANK FINANCE LTD - 6600 shs 1.10% ; 3 A CAPITAL SERVICES - 6738 shs 1.12% ; Asphi H Tangree - 7600 shs 1.27% ; Mahendra Giridharilal - 9198 shs 1.53% ; LIC - 92500 shs 15.42%. TOTALS - 122636 - 20.44 %

AS ALWAYS I RECOMMEND THIS WITH STRICT VERY STRICT STOPLOSS, IN ORDER TO SAVE YOUR CAPITAL......
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