MINERAL DEVELOPMENT COMPANY ::
Updated on 25 JAN ,
NOW LISTED IN BOTH EXCHANGE NSE &
We recommended omdc in
2005 @ 2000/sh in Oct 2005 and gave a price
target of Rs.1 lac. The script touched a
high of Rs. 92200.00 in Dec 2010
I bet you have not seen
such a Balance Sheet in your life :
Among the largest iron ore mining company
Capital of Rs. 60 Lac (Only Six Lac Shares)
At today price of 100$ / Tonnee, (Rs.4,500
/ Tonnee) The Company has iron ore reserves
of Rs. 1 Lakh crore.
Company has proven Iron ore reserves of
200 million tonnee
Equity capital of Rs. 60 lac only. (6 lac
FLOATING STOCK OF ONLY 2 LAC SHARES
Free cash reserves of more than 790 crore.
Net profit of Rs. 182 crore. (Profit after
Tax for Year ended March 2009)
NET PROFIT MARGIN IS 85% OF SALES
Shares currently available for Market Cap
of 900 crore at PE ratio of 5 only
Current Earning /Share (EPS) of Rs .3000
NEAREST COMPARABLE CO. SESA GOA QUOTES AT
PE OF 10
Likely price on listing after Bonus &
stock split in 1 year time is Rs.1 lac/share.
EBT, EBDT, EBIDT & EBIDTA are almost
same, a zero debt co.
Shares are listed at CSDL & NSDL &
available in DEMAT more.
Highest Dividend of Rs. 455 / Share on paid
up Rs. 10 stock @ 4550% for Year Ended March
Highest by any Company in India, Listed
or non Listed for last 5 years, which is
only 15% of Distributable Profits.
FOR REGULAR PURCHASE AND
SALE IN DEMAT MODE.
Mr. Sandip Ginodia
Mob : 98302 71248
73 A , G.C. Avenue ,2nd floor ,
Kolkata - 700013