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ODISHA MINING CORPORATION LIMITED

omcltd.in
Active
Updated: 19 Oct 2025

Odisha Mining Corporation Limited is a state-owned mining company in India that specializes in the extraction and production of minerals. It primarily focuses on iron ore and bauxite mining, supplying raw materials to various industries such as steel and aluminum, while promoting sustainable mining practices and contributing to the regional economy.

Odisha Mining Corporation Limited, is an unlisted private company incorporated on 16 May, 1956. It is classified as a State government company and is located in , Odisha. It's authorized share capital is INR 1,000.00 cr and the total paid-up capital is INR 1,000.00 cr.

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Subscription Plans
Industry and products
Mining and Quarrying
  • Steel Structure, Steel Bar and Seel TMT., Steel Billet
Company size
Auth Capital
₹ 1,000.0 Cr
Paidup Capital
₹ 1,000.0 Cr
Revenue
₹ >5000 cr
# Key metrics of Odisha Mining Corporation Limited - All rupee values in INR crores. Based on March 2024 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 1,000.0 Cr | | | Paidup Capital | ₹ 1,000.0 Cr | | | Revenue | ₹ >5000 cr | | | Total Revenue | ₹24,565.1 | 56.43% | | EBITDA | ₹10,495.4 | 105.98% | | Net Profit | ₹9,076.2 | 91.72% | | Networth | ₹19,937.0 | 62.21% | | Borrowings | ₹7.7 | -99.16% | | Assets | ₹24,281.6 | 52.96% | | Gross Margin | 98.2% | -2.79 | | Operating Margin | 44.7% | 9.4 | | Net Profit Margin | 37.0% | 6.8 | | Return on Equity | 45.5% | 7.0 | | ROCE | 54.7% | 13.14 | | Debt to Equity | 0.0 | -0.07 |
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue
56.43%
₹ 24,565.1
EBITDA
105.98%
₹ 10,495.4
Net Profit
91.72%
₹ 9,076.2
Networth
62.21%
₹ 19,937.0
Borrowings
-99.16%
₹ 7.7
Assets
52.96%
₹ 24,281.6
Gross Margin
-2.79
98.2 %
Operating Margin
9.4
44.7 %
Net Profit Margin
6.8
37.0 %
Return on Equity
7.0
45.5 %
ROCE
13.14
54.7 %
Debt to Equity
-0.07
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (1)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Whole-time Director Alok Kumar Pal 09141124 5 years
Whole-time Director Sabyasachi Mohanty 09116407 5 years
Nominee Director Lipsa Das 09773816 0 years
Nominee Director Surendra Kumar 02485149 1 years
Whole-time Director Bana Bihari Pani 09119233 2 years
Director Rabinarayan Patra 00917044 2 years
Director Shanti Lata Sahu 01988885 2 years
Director Narendra Kumar Nanda 02455894 2 years
Director Rakesh Kulsrestha 10173255 2 years

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 4,092.9 5,587.1 17,035.2 14,449.6 23,500.6
Operating profit 979.9 2,210.9 3,752.3 5,095.4 10,495.4
Net profit 728.7 1,586.3 2,731.7 4,734.0 9,076.2
Gross margin 95.0 101.1 102.3 101.0 98.2
Operating margin 23.9 39.6 22.0 35.3 44.7
Net margin 16.6 27.0 15.8 30.1 37.0
Networth 6,010.2 6,594.4 8,825.8 12,290.8 19,937.0
Borrowings - - 1,163.0 919.7 7.7
Assets 6,961.3 8,140.0 13,186.5 15,874.4 24,281.6
Debt to equity 0.0 0.0 0.1 0.1 0.0
Current ratio 6.4 4.3 2.4 4.3 5.5
ROE 12.1 24.1 30.9 38.5 45.5
Days payable 411.0 -2,787.0 -614.0 -1,684.0 844.0
WC days 313.0 267.0 115.0 254.0 262.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 31.5 31.5 31.5 31.6 1,000.0
Reserves 5,978.8 6,562.9 8,794.3 12,259.2 18,937.0
Borrowings + - - 1,163.0 919.7 7.7
Long term borrowings - - 5.3 - -
Short term borrowings - - 1,157.7 919.7 7.7
Trade payables + 230.5 462.1 662.5 665.1 972.1
Days payable 411.0 -2,787.0 -614.0 -1,684.0 844.0
Other liabilities + 951.1 1,545.6 3,197.8 2,663.9 4,336.9
Other non-current liabilities 303.6 292.4 399.7 525.6 615.6
Other current liabilities 417.0 791.1 2,135.6 1,473.2 2,749.2
Total liabilities 6,961.3 8,140.0 13,186.5 15,874.4 24,281.6
Fixed Assets + 931.9 1,144.0 1,513.0 1,624.5 1,848.9
Tangible assets 501.2 577.8 717.7 836.1 974.9
CWIP 222.3 282.3 484.0 400.3 440.3
Intangible assets 208.4 283.9 311.3 388.0 433.7
LT loans and advances 500.5 281.9 96.0 4.9 7.1
Other non-current assets 1,370.8 1,369.9 2,251.8 1,114.8 1,806.0
Current assets + 4,158.0 5,344.2 9,325.7 13,130.2 20,619.6
Inventories 359.5 443.4 831.9 986.8 553.5
Trade receivables 275.8 431.9 395.9 342.8 316.2
Cash and cash equivalents 99.1 97.0 60.7 63.2 58.2
ST loans and advances 134.6 343.2 399.9 2,000.0 3.6
Other current assets 3,289.1 4,028.8 7,637.3 9,737.4 19,688.1
Total assets 6,961.3 8,140.0 13,186.5 15,874.4 24,281.6
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 4,092.9 5,587.1 17,035.2 14,449.6 23,500.6
Sales growth % 1.01 36.51 204.9 -15.18 62.64
Expenses + 3,243.1 3,461.2 13,438.1 9,617.6 13,248.8
Cost of goods 204.5 -60.5 -394.0 -144.2 420.2
Employee cost 259.0 228.7 247.8 344.1 357.0
Other costs 2,649.5 3,208.0 13,429.2 9,154.3 12,228.0
Operating profit + 979.9 2,210.9 3,752.3 5,095.4 10,495.4
Operating margin % 23.9 39.6 22.0 35.3 44.7
Other income 287.5 282.6 295.1 1,253.9 1,064.5
Interest 0.3 0.9 5.4 31.1 3.3
Depreciation 129.7 84.1 149.8 232.3 240.3
Exceptional items - - - - 904.5
Profit before tax 1,137.3 2,408.5 3,892.2 6,085.9 12,220.8
Tax 408.6 822.3 1,160.5 1,351.8 3,144.6
Profit - disc. ops - - - - -
Net profit 728.7 1,586.3 2,731.7 4,734.0 9,076.2
Net margin % 16.6 27.0 15.8 30.1 37.0
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.0 0.1 0.1 0.0
Net Debt/Equity 0.0 0.0 0.1 0.1 0.0
Total Debt/Assets 0.0 0.0 0.1 0.1 0.0
Total Assets/Equity 1.2 1.2 1.5 1.3 1.2
Liquidity +
Current Ratio 6.4 4.3 2.4 4.3 5.5
Quick Ratio 5.9 3.9 2.1 4.0 5.4
Interest Coverage 3,002.9 2,457.4 694.2 163.6 3,150.4
Performance
Gross Margin 95.0 101.1 102.3 101.0 98.2
Operating Margin 23.9 39.6 22.0 35.3 44.7
Net Margin 16.6 27.0 15.8 30.1 37.0
Return +
Return on Equity 12.1 24.1 30.9 38.5 45.5
Pre-tax ROCE 19.1 40.6 52.3 41.6 54.7
Return on Assets 10.5 19.5 20.7 29.8 37.4
Pre-tax ROIC 14.2 32.2 36.3 37.0 51.4
Efficiency +
Days Payable 411.0 -2,787.0 -614.0 -1,684.0 844.0
Days Inventory 642.0 -2,674.0 -771.0 -2,498.0 481.0
Days Receivable 25.0 28.0 8.0 9.0 5.0
Fixed Asset Turnover 4.4 4.9 11.3 8.9 12.7
Total Asset Turnover 0.6 0.7 1.3 0.9 1.0
Working Capital
Cash Conversion Cycle 256.0 141.0 -149.0 -805.0 -358.0
Working Capital Days 313.0 267.0 115.0 254.0 262.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

ORISSA RURAL HOUSING AND DEVELOPMENT CORPORATION LTD

No. of Loans: 1

Total Amount : 160.1 cr

2

Bank of Baroda

No. of Loans: 8

Total Amount : 65.6 cr

3

Allahabad Bank

No. of Loans: 5

Total Amount : 41.9 cr

4

BANKOF BARODA

No. of Loans: 1

Total Amount : 27.5 cr

5

UCO Bank

No. of Loans: 1

Total Amount : 25.0 cr

6

INDUSTERAL CREDITD AND INVESTMENT CORPORATION OF INDIA LTD

No. of Loans: 1

Total Amount : 21.9 cr

7

Bank of India

No. of Loans: 1

Total Amount : 20.0 cr

8

Andhra Bank

No. of Loans: 4

Total Amount : 16.8 cr

9

ANDHRA BANK LTD

No. of Loans: 11

Total Amount : 15.4 cr

10

ALLHABAD BANK

No. of Loans: 1

Total Amount : 10.7 cr

11

UNITED BANK OFINDIA

No. of Loans: 1

Total Amount : 8.3 cr

12

United Bank of India

No. of Loans: 4

Total Amount : 7.2 cr

13

UNITED BANKOF INDIA

No. of Loans: 1

Total Amount : 7.2 cr

14

Union Bank of India

No. of Loans: 1

Total Amount : 7.0 cr

15

BANKOF INDIA

No. of Loans: 1

Total Amount : 4.8 cr

16

INDUSTERIAL BANK OF INDIA

No. of Loans: 1

Total Amount : 4.0 cr

17

THE INDUSTERIAL FINANCE COOPERATIONOF NDIA

No. of Loans: 2

Total Amount : 3.3 cr

18

INDUSTERIAL FINANCE CORPORATION OF INDIA

No. of Loans: 2

Total Amount : 2.1 cr

19

INDUSTERIAL DEVELOPMENT BANK OF INDIA

No. of Loans: 3

Total Amount : 1.7 cr

20

THE INDUSTERIAL CREDIT ANDINVESTMENT CORPORATION INDIA LTD

No. of Loans: 1

Total Amount : 1.2 cr

21

State Bank of India

No. of Loans: 2

Total Amount : 1.0 cr

22

VIJAY BANK

No. of Loans: 1

Total Amount : 1.0 cr

23

THE MANAGER ALLAHABAD BANK

No. of Loans: 1

Total Amount : 0.8 cr

24

THE UNITED BANK OF INDIA LTD

No. of Loans: 1

Total Amount : 0.7 cr

25

INDUSTERIAL FINANCE C;ORPORATION OF INDIA

No. of Loans: 1

Total Amount : 0.6 cr

26

THE ANDHRA BANK LTD

No. of Loans: 1

Total Amount : 0.5 cr

27

LIFE INSURANDE CORP;ORATION OF INDIA

No. of Loans: 1

Total Amount : 0.4 cr

28

ANDHRA BANK LIMITED

No. of Loans: 2

Total Amount : 0.4 cr

29

LIFE INSURANCE CORPORATION OFINDIA

No. of Loans: 1

Total Amount : 0.3 cr

30

HOUSING DEVELOPMENT FINANCE LIMITED

No. of Loans: 1

Total Amount : 0.3 cr

31

THE BANK OF BARODA LIMITED

No. of Loans: 1

Total Amount : 0.3 cr

32

United Commercial Bank

No. of Loans: 1

Total Amount : 0.2 cr

33

THE CENTRAL BANKOF INDIA LTD

No. of Loans: 1

Total Amount : 0.2 cr

34

Canara Bank

No. of Loans: 1

Total Amount : 0.1 cr

35

INDIAN OVERSSEAS BANK LTD

No. of Loans: 1

Total Amount : 0.1 cr

36

ORSSA STATE INANCIAL CORPORATION

No. of Loans: 1

Total Amount : 0.0 cr

37

Indian Overseas Bank

No. of Loans: 1

Total Amount : 0.0 cr

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Charges

ORISSA RURAL HOUSING AND DEVELOPMENT CORPORATION LTD
Bank of Baroda
Allahabad Bank
BANKOF BARODA
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
COCHIN MINERALS AND RUTILE LTD
Active
7.8 Cr 1
NICDIT KRISHNAPATNAM INDUSTRIAL CITY DEVELOPMENT LIMITED
Active
1,067.7 Cr 1 Andhra Pradesh
MINSYS MINING CONSULTANCY (OPC) PRIVATE LIMITED
Active
1.0 L 1 Orissa
THE INDUSTRIAL DEVELOPMENT CORPORATION OF ODISHA LIMITED
Amalgamated
107.1 Cr 1 Odisha
PREMIER EXPLOSIVES LIMITED
Active
10.8 Cr 1 Telangana
SHAMUKA TOURISM DEVELOPMENT CORPORATION LIMITED
Active
10.0 L 1 Orissa
IREL IDCOL LIMITED
Active
4.0 Cr 2 Odisha
BHUBANESWAR SMART CITY LIMITED
Active
250.0 Cr 1 Odisha
ANGUL SUKINDA RAILWAY LIMITED
Active
1,042.0 Cr 1 Orissa
ODISHA THERMAL POWER CORPORATION LIMITED
Active
348.4 Cr 2 Odisha
HARIDASPUR PARADIP RAILWAY COMPANY LIMITED
Active
1,300.0 Cr 1 Odisha
ODISHA MINERAL EXPLORATION CORPORATION LIMITED
Amalgamated
42.5 L 1 Odisha
ODISHA LIFT IRRIGATION CORPORATION LIMITED
Active
74.7 Cr 1 Odisha

Tofler Score

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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW CASH BALANCE
Low Risk
  • HIGH INVENTORY
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U13100OR1956SGC000313

PAN

AAACO3324L

Incorporation

1956, 69.5 years

Company Email

cs@odishamining.in

Paid up Capital

₹ 1,000.0 Cr

Authorised Capital

₹ 1,000.0 Cr

AGM

Sep 2024

Type

Private
State Government Company

FAQ - ODISHA MINING CORPORATION LIMITED

What is the incorporation date of ODISHA MINING CORPORATION LIMITED?

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The incorporation date of ODISHA MINING CORPORATION LIMITED is 16 May, 1956

What is the authorized share capital of ODISHA MINING CORPORATION LIMITED?

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The authorized share capital of ODISHA MINING CORPORATION LIMITED is INR ₹ 1,000.0 Cr.

What is the paid-up capital of ODISHA MINING CORPORATION LIMITED?

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The paid-up capital of ODISHA MINING CORPORATION LIMITED is INR ₹ 1,000.0 Cr.

What is the registered address of ODISHA MINING CORPORATION LIMITED?

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The registered address of ODISHA MINING CORPORATION LIMITED is POST BOX 34 BHUBANESWAR, KHURDA, Orissa, India, 751001 - 751001

What is the CIN number of ODISHA MINING CORPORATION LIMITED?

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The CIN number of ODISHA MINING CORPORATION LIMITED is U13100OR1956SGC000313.

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