ORISSAMINE
The Orissa Minerals Development Company share price & financials
- Price
- ₹3,698.2
- Market cap
- ₹2.4k Cr
- Sector
- Metals & Mining
What The Orissa Minerals Development Company Limited does
The Orissa Minerals Development Company Limited (OMDC) is a Central Public Sector Enterprise engaged in mining iron ore and manganese ore in Odisha, and operates as a subsidiary of Rashtriya Ispat Nigam Limited (RINL). It holds mining leases across three sites in Keonjhar district — Bagiaburu, Belkundi and Bhadrasahi — of which only Bagiaburu is currently active, having resumed operations in December 2023 after a prolonged suspension. Belkundi and Bhadrasahi remain non-operational pending statutory environmental and forest clearances from state and central government authorities, with Belkundi's future mining planned to be run through a Mine Developer & Operator (MDO) arrangement.
Segments
- Iron & Manganese Ore Mining
- Mining leases held
- 3 (Bagiaburu, Belkundi, Bhadrasahi)
- Currently operational mine
- Bagiaburu only (resumed Dec 2023)
- Parent company
- Rashtriya Ispat Nigam Limited (RINL)
- Ownership category
- Central Public Sector Enterprise (Government of India)
- Mine location
- Barbil area, Keonjhar district, Odisha
- Belkundi mine operating model
- Mine Developer & Operator (MDO) contract
Quarterly results
Q4 FY26: revenue up 331.5%, net profit up 76.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 23 | 21 | 7 | 19 +40% | 25 +7% | 21 −0% | 29 +332% |
| EBITDA | 3 | 7 | -2 | -37 | 1 −71% | 7 +7% | 10 +613% | -9 +74% |
| Net profit | -2 | 1 | -7 | -32 | -3 −34% | 3 +297% | 4 +158% | -8 +76% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −18.9% 1Y
1Y: ₹4,874.8 on 10 Sept 2025 → ₹3,955.2. High ₹5,800 (6 Oct 2025), low ₹3,125.5 (30 Mar 2026).
Financials, as filed
Revenue grew 38.4% a year over 3 years, FY23 to FY26. Operating margin widened to 9.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹36 Cr | ₹82 Cr | ₹65 Cr | ₹94 Cr |
| Operating profit | ₹-12 Cr | ₹23 Cr | ₹-29 Cr | ₹9 Cr |
| Operating margin | -32.4% | 28.0% | -44.5% | 9.7% |
| Interest | ₹24 Cr | ₹31 Cr | ₹22 Cr | ₹19 Cr |
| Depreciation | ₹2 Cr | ₹5 Cr | ₹4 Cr | ₹1 Cr |
| Net profit | ₹-17 Cr | ₹3 Cr | ₹-40 Cr | ₹-3 Cr |
| Net margin | -46.6% | 3.4% | -62.6% | -3.1% |
| Cash from operations | ₹-60 Cr | ₹-26 Cr | ₹170 Cr | — |
| Free cash flow | ₹-60 Cr | ₹-26 Cr | ₹58 Cr | — |
| ROCE | -1.5% | 30.8% | -38.5% | 9.6% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Reserves | ₹17 Cr | ₹3 Cr | ₹-13 Cr | ₹-11 Cr | ₹-52 Cr | ₹-55 Cr |
| Borrowings | ₹312 Cr | ₹348 Cr | ₹182 Cr | ₹9 Cr | ₹145 Cr | ₹212 Cr |
| Other liabilities | ₹85 Cr | ₹114 Cr | ₹226 Cr | ₹344 Cr | ₹406 Cr | ₹422 Cr |
| Total liabilities | ₹416 Cr | ₹466 Cr | ₹395 Cr | ₹342 Cr | ₹500 Cr | ₹580 Cr |
| Fixed assets | ₹25 Cr | ₹31 Cr | ₹29 Cr | ₹28 Cr | ₹25 Cr | ₹24 Cr |
| Capital work in progress | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹0 Cr | ₹119 Cr | ₹187 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹387 Cr | ₹431 Cr | ₹363 Cr | ₹314 Cr | ₹356 Cr | ₹369 Cr |
| Total assets | ₹416 Cr | ₹466 Cr | ₹395 Cr | ₹342 Cr | ₹500 Cr | ₹580 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.19 pp while DIIs trimmed −0.18 pp. The shareholder count grew 2% to 23,828.
- Promoters
- 50.0%
- FIIs
- 0.5%
- DIIs
- 10.9%
- Public
- 38.5%
Since Jun 2025
- Public +0.19 pp
- DIIs −0.18 pp
- FIIs −0.02 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 50.0%, FIIs 0.5%, DIIs 11.2%, Public 38.3%.Dec '23: Promoters 50.0%, FIIs 1.2%, DIIs 10.9%, Public 37.8%.Mar '24: Promoters 50.0%, FIIs 1.5%, DIIs 11.0%, Public 37.5%.Jun '24: Promoters 50.0%, FIIs 1.7%, DIIs 11.0%, Public 37.3%.Sep '24: Promoters 50.0%, FIIs 1.9%, DIIs 11.0%, Public 37.0%.Dec '24: Promoters 50.0%, FIIs 1.9%, DIIs 11.1%, Public 37.0%.Mar '25: Promoters 50.0%, FIIs 2.2%, DIIs 11.1%, Public 36.7%.Jun '25: Promoters 50.0%, FIIs 0.5%, DIIs 11.1%, Public 38.4%.Sep '25: Promoters 50.0%, FIIs 0.5%, DIIs 10.9%, Public 38.5%.Dec '25: Promoters 50.0%, FIIs 0.4%, DIIs 10.9%, Public 38.6%.Mar '26: Promoters 50.0%, FIIs 0.7%, DIIs 10.9%, Public 38.3%.Jun '26: Promoters 50.0%, FIIs 0.5%, DIIs 10.9%, Public 38.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of The Orissa Minerals Development Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Eastern Investments Limited | 50.01% | unchanged |
| LICI Asm Non Par Insurer | 6.55% | unchanged |
| 3A Capital Services Limited | 6.53% | unchanged |
| Quant Mutual Fund - Quant Small Cap Fund Mutual fund | 2.94% | unchanged |
| Indian Bank Bank | 1.10% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse The Orissa Minerals Development Company Limited
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