Orissa MIN DEV Co Ltd
NSE: ORISSAMINE · Industrial Minerals · sector
₹3,296.80NSE close 2026-10-26
Key numbers
Market cap₹1,978 cr
Price₹3,296.80
52w high / low₹5,544 / ₹3,100
P/E594.0xSector median 14.3x
P/B–Sector median 1.7x
Book value₹-91.1
Dividend yield–Sector median 0.69%
ROE–Sector median 14.2%
ROCE24.6%Sector median 16.4%
OPM16.7%Sector median 13.0%
Debt / equity–Sector median 0.30x
EV/EBITDA122.5xSector median 10.3x
Interest cover1.1x
Current ratio0.35x
Sales growth 3y+38.4%Sector median +6.0%
Profit growth 3y–Sector median +9.5%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 14 companies in Industrial Minerals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6 cr vs borrowings ₹141 cr (FY26): borrowings are higher by ₹135 cr.
- Operating profit covered interest 1.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 4 years (FY24, FY23).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 153% of net profit in the last 12 months.
- No dividend in the last 4 financial years.
- Price ₹3,296.80 on 2026-10-26: -40.5% from the 52-week high, +6.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹9,284.85 · low ₹3,291.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 21 | 7 | 19 | 25 | 21 | 29 | 29 |
| EBITDA | 7 | -2 | -36 | 1 | 7 | 10 | -9 | 9 |
| OPM % | 28.7% | -9.8% | -538.6% | 4.6% | 28.7% | 50.3% | -32.2% | 31.5% |
| Other income | 1 | 1 | 5 | 2 | 1 | 1 | 2 | 1 |
| Net profit | 1 | -7 | -31 | -3 | 3 | 4 | -8 | 3 |
| EPS (₹) | 1.32 | -12.49 | -52.41 | -4.64 | 5.24 | 7.24 | -12.68 | 5.75 |
| Revenue YoY | +7.4% | -0.0% | +330.9% | +47.9% | ||||
| Profit YoY | +297.5% | – | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 36 | 82 | 65 | 94 | 103 |
| EBITDA | -10 | 23 | -28 | 9 | 17 |
| Net profit | -17 | 3 | -40 | -3 | 3 |
| EPS (₹) | -27.57 | 4.70 | -67.04 | -4.85 | 5.55 |
| Revenue growth | +131.6% | -21.5% | +45.6% | +47.4% | |
| Profit growth | – | -1,526.2% | – | – | |
| Dividend / share (₹) | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +38.4% | – | +47.4% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -37.6% (2y) | -39.7% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | -13 | -11 | -52 | -55 |
| Borrowings | 174 | 0 | 185 | 141 |
| Cash & equivalents | 80 | 25 | 63 | 6 |
| Total assets | 395 | 342 | 538 | 580 |
| Fixed assets | 13 | 13 | 13 | 13 |
| Capital work in progress | 3 | 0 | 111 | 187 |
| Investments | 0 | 0 | 0 | 0 |
| Receivables | 0 | 0 | 0 | 0 |
| Inventory | 22 | 24 | 28 | 44 |
| Payables | 3 | 0 | 2 | 5 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | -109 | -81 | 170 | 35 |
| Cash from investing | 2 | 55 | -90 | -72 |
| Cash from financing | 24 | 31 | -22 | -19 |
| Capex | 0 | 0 | 112 | 76 |
| Free cash flow | -109 | -81 | 58 | -41 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 129.2% | -26.3% | 78.0% | 5.3% |
| ROCE % | -1.7% | -235.6% | -19.5% | 16.2% |
| Debtor days | 0 | 0 | 0 | 0 |
| Inventory days | 224 | 106 | 159 | 169 |
| Payable days | 33 | 0 | 10 | 18 |
| Cash conversion cycle (days) | 191 | 106 | 149 | 151 |
| Working capital days | -2,654 | -1,144 | -1,310 | -1,223 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.01% |
| FIIs | 0.59% |
| DIIs | 10.58% |
| of which Mutual funds | 2.59% |
| of which Insurance | 6.89% |
| Government | 0.00% |
| Public (non-institutions) | 38.82% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.01% | 50.01% | 50.01% | 50.01% | 50.01% | 50.01% | 50.01% | 50.01% |
| Promoter group | % |
|---|---|
| Eastern Investments Limited | 50.01% |
| Public holders above 1% | % |
|---|---|
| Lici Asm Non Par | 6.55% |
| Quant Mutual Fund - Quant Small Cap Fund | 2.59% |
| Indian Bank | 1.10% |
23,215 shareholders. Pledged: 0.00% of promoter shares.
Peers in Industrial Minerals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LLOYDSME | ₹1,00,584 cr | 20.2x | 7.3x | 47.0% | 22.1% | 36.8% | – | 0.05% |
| NMDC | ₹58,457 cr | 7.8x | 1.7x | 23.4% | 25.8% | 28.8% | +22.0% | 5.27% |
| GMDCLTD | ₹13,641 cr | 14.3x | 1.9x | 14.2% | 17.4% | 34.3% | -8.8% | 2.35% |
| GRAVITA | ₹9,657 cr | 24.3x | 3.9x | 17.3% | 15.5% | 9.4% | +15.1% | 0.48% |
| MOIL | ₹4,408 cr | 14.5x | 1.6x | 11.4% | 14.2% | 31.0% | +3.2% | 3.20% |
| ASHAPURMIN | ₹3,985 cr | 9.8x | 2.4x | 27.6% | 17.2% | 10.0% | +42.0% | 0.24% |
| ORISSAMINE | ₹1,978 cr | 594.0x | – | – | 24.6% | 16.7% | +38.4% | – |
| 20MICRONS | ₹635 cr | 9.4x | 1.3x | 14.8% | 17.3% | 13.0% | +10.8% | 0.69% |
| NILE | ₹373 cr | 7.7x | 1.2x | 16.7% | 20.8% | 6.1% | +8.9% | 0.40% |
| GOACARBON | ₹361 cr | – | 2.1x | -24.3% | -3.8% | -4.4% | -20.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Iron Ore | ₹94 cr | 94.1% | ₹13 cr | 14.1% |
| Un-allocated | ₹6 cr | 5.9% | ₹1 cr | 14.1% |
| Manganese Ore | ₹0 cr | – | ₹0 cr | – |
| Sponge Iron | ₹0 cr | – | ₹0 cr | – |
| Tax Expenses | ₹0 cr | – | ₹2 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-12-18 | Other | Annual General Meeting |
| 2023-12-15 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-12-08 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2019-07-03 | Other | Extra Ordinary General Meeting |
| 2018-09-17 | Other | Annual General Meeting |
| 2017-09-07 | Dividend | Annual General Meeting/Dividend - Rs 1.46 Per Share |
| 2016-09-16 | Dividend | Annual General Meeting/Dividend - Rs 2.66 Per Share |
| 2015-09-14 | Dividend | Annual General Meeting/ Dividend - Rs 4.43/- Per Share |
| 2014-09-12 | Dividend | Annual General Meeting And Dividend Rs.1.04 Per Share |
| 2013-09-10 | Dividend | Annual General Meeting And Dividend Rs.3.22 Per Share |
| 2012-10-29 | Split | Face Value Split From Rs.10/- To Re.1/- |
| 2012-09-10 | Dividend | Annual General Meeting And Dividend Rs.8.61 Per Share |
| 2011-09-06 | Dividend | Annual General Meeting And Dividend Rs.19.30 Per Share |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- BRSR FY25
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Mining: Iron Ores
| Sector | Commodities |
| Industry | Industrial Minerals |
| Sub-industry | Industrial Minerals |
| Symbol | ORISSAMINE |
| BSE code | 590086 |
| ISIN | INE725E01024 |
| Face value | ₹1.0 |
| Incorporated | 1918-08-16 |
| Website | www.birdgroup.co.in |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY25).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.