:: ORISSA MINERAL DEVELOPMENT COMPANY ::
Updated on 25 JAN , 2011
NOW LISTED IN BOTH EXCHANGE NSE & BSE..............
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
Sir,
I bet you have not seen such a Balance Sheet in your life : Among the largest iron ore mining company in India. 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 shares) 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 Per Share 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 2009. 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.
Contact :
Mr. Sandip Ginodia Mob : 98302 71248 E-mail : ginodiasandip1@gmail.com ABHISHEK SECURITIES
73 A , G.C. Avenue ,2nd floor ,
Kolkata - 700013
www.birdgroup.gov.in