---
title: "Orissa Sponge Iron & Steel Ltd (504864) — Share Price, Financials & Analysis"
symbol: "504864"
company: "Orissa Sponge Iron & Steel Ltd"
canonical: "https://tapetide.com/stocks/504864"
isin: "INE228D01013"
bse_code: "504864"
sector: "Commodities"
industry: "Ferrous Metals"
generated_at: "2026-09-13T19:17:16.208Z"
---

# Orissa Sponge Iron & Steel Ltd (504864)

Canonical page: https://tapetide.com/stocks/504864

## Company

- **BSE Code:** 504864
- **ISIN:** INE228D01013
- **Sector:** Commodities
- **Industry:** Ferrous Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** orissasponge.com

## About

Orissa Sponge Iron & Steel established manufacturing facilities to produce Sponge Iron, Steel Billets and Power at its works at Palaspanga, Dist Keonjhar, Odisha.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Earnings include an other income of Rs.13.5 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 92% | 22% | 12% |
| revenue growth | 77% | 488% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 2.6 | 2.34 | 2.25 | 3.02 | 2.06 | 2.29 | 3.34 | 2.01 | 1.8 | 2.56 | 2.55 | 1.69 |
| Operating Profit | -2.6 | -2.34 | -2.25 | -3.02 | -2.06 | -2.29 | -3.34 | -2.01 | -1.8 | -2.56 | -2.55 | -1.69 |
| Other Income | 6.42 | 0.05 | 0.06 | 3.18 | 0.11 | 0.12 | 0.1 | 0.06 | 0.08 | 0.35 | 0.1 | 0.04 |
| Interest | 17.26 | 17.97 | 18.52 | 16.51 | 18.46 | 20.98 | 14.92 | 17.74 | 18.93 | 19.16 | 27.94 | 0.16 |
| Depreciation | 2.34 | 2.34 | 2.25 | 2.24 | 2.24 | 2.31 | 2.37 | 2.16 | 2.16 | 2.46 | 2.25 | 2.19 |
| Profit before tax | -15.78 | -22.6 | -22.96 | -18.59 | -22.65 | -25.46 | -20.53 | -21.85 | -22.81 | -23.83 | -32.64 | -4 |
| Tax % | -31.81 | -33.89 | -6.79 | -28.83 | 10.46 | -32.91 | 117.39 | -7.46 | -7.5 | -8.6 | 100.49 | 19.5 |
| Net Profit | -10.76 | -14.94 | -21.4 | -13.23 | -25.01 | -17.08 | -44.63 | -20.21 | -21.11 | -21.78 | -65.44 | -4.77 |
| EPS in Rs | -3.99 | -5.53 | -7.93 | -4.9 | -9.26 | -6.33 | -14.98 | -6.78 | -7.09 | -7.31 | -21.97 | -1.6 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | -1 | 0 | 2 | 96 | 259 | 458 |
| Expenses | 11 | 11 | 9 | 71 | 6 | 6 | 8 | 90 | 282 | 431 |
| Operating Profit | -11 | -11 | -9 | -71 | -8 | -6 | -5 | 7 | -23 | 27 |
| OPM % | — | — | — | — | — | — | -233 | 7 | -9 | 6 |
| Other Income | 7 | 4 | 1 | 40 | 2 | 1 | 0 | 10 | 1 | 13 |
| Interest | 67 | 71 | 84 | 6 | 2 | 28 | 9 | 0 | 11 | 26 |
| Depreciation | 9 | 9 | 9 | 136 | 6 | 4 | 3 | 3 | 7 | 9 |
| Profit before tax | -81 | -88 | -101 | -174 | -14 | -36 | -17 | 14 | -41 | 5 |
| Tax % | -17 | 14 | 27 | 58 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -67 | -100 | -129 | -274 | -14 | -36 | -17 | 14 | -41 | 5 |
| EPS in Rs | -24.97 | -33.63 | -43.15 | -91.94 | -4.75 | -12.11 | -5.59 | 4.56 | -13.62 | 1.57 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 27 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves | -60 | -126 | -251 | -6 | -20 | -56 | -72 | -57 | -97 | -92 |
| Borrowings | 233 | 216 | 212 | 98 | 108 | 124 | 247 | 395 | 438 | 399 |
| Other Liabilities | 340 | 432 | 516 | 65 | 68 | 84 | 101 | 180 | 234 | 421 |
| Total Liabilities | 540 | 552 | 507 | 186 | 185 | 182 | 305 | 548 | 604 | 758 |
| Fixed Assets | 311 | 329 | 320 | 152 | 147 | 144 | 139 | 138 | 333 | 364 |
| CWIP | 36 | 36 | 36 | 29 | 29 | 33 | 124 | 287 | 161 | 163 |
| Investments | 4 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 190 | 186 | 149 | 5 | 9 | 5 | 42 | 124 | 110 | 231 |
| Total Assets | 540 | 552 | 507 | 186 | 185 | 182 | 305 | 548 | 604 | 758 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | 75 | 79 | 16 | -7 | 15 | -23 | 16 | 45 | 106 |
| Cash from Investing Activity | 7 | -24 | 0 | 0 | 0 | -4 | -91 | -164 | -76 | -41 |
| Cash from Financing Activity | -2 | -42 | -88 | -18 | 7 | -12 | 114 | 148 | 31 | -65 |
| Net Cash Flow | 0 | 9 | -8 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 2 | 48 | 79 | 16 | -7 | 11 | -114 | -148 | -31 | 65 |
| CFO/OP | 42 | -692 | -882 | -23 | 84 | -272 | 429 | 240 | -194 | 401 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | — | 0 | — | 19 | 31 | 10 | 28 |
| Inventory Days | — | — | — | 24 | -214 | — | — | 217 | 79 | 119 |
| Days Payable | — | — | — | 43 | — | — | — | 160 | 102 | 159 |
| Cash Conversion Cycle | — | — | — | — | -214 | — | 19 | 88 | -12 | -12 |
| Working Capital Days | — | — | — | — | -16398 | — | -10439 | -255 | -180 | -157 |
| ROCE % | -9 | -12 | -32 | -300 | -10 | -8 | -5 | 5 | -8 | 6 |

## Shareholding Pattern

### annual

| Category | Dec 2015 | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- | --- |
| Promoters | 29.05% | 26.33% | 26.33% | 26.33% |
| DIIs | 0.06% | 0.06% | 25.23% | 25.23% |
| Public | 70.89% | 73.62% | 48.44% | 48.44% |
| No. of Shareholders | 5249 | 5243 | 5193 | 5193 |

### Quarterly

| Category | Dec 2015 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 29.05% | 29.05% | 29.05% | 29.05% | 26.33% | 26.33% | 26.33% | 26.33% | 26.33% | 26.33% | 26.33% |
| DIIs | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 18.52% | 25.23% | 25.23% | 25.23% | 25.23% | 25.23% |
| Public | 70.89% | 70.89% | 70.89% | 70.89% | 73.62% | 55.15% | 48.44% | 48.44% | 48.44% | 48.44% | 48.44% |
| No. of Shareholders | 5249 | 5241 | 5243 | 5242 | 5243 | 5238 | 5238 | 5191 | 5193 | 5195 | 5193 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 195.7 | Sell |
| EMA (10) | 194.49 | Sell |
| SMA (20) | 193.42 | Buy |
| EMA (20) | 190.85 | Buy |
| SMA (50) | 171.95 | Buy |
| EMA (50) | 178.5 | Buy |
| SMA (100) | 165.25 | Buy |
| EMA (100) | 167.11 | Buy |
| SMA (200) | 150.59 | Buy |
| EMA (200) | 158.68 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.78 | Neutral |
| MACD (12,26,9) | 5.99 | Sell |
| Stochastic (14,3,3) | 46.93 | Neutral |
| ADX (14) | 30.3 | Buy |
| Williams %R (14) | -63.86 | Neutral |
| ATR (14) | 9.99 | High Volatility |
| ROC (12) | -0.08 | Sell |
| Stoch RSI (14) | 13.57 | Buy |
| UO (7,14,28) | 44.56 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6h - Kesar's Dubai WOS formed Oriole Trading FZ-LLC on Feb 27, 2026; AED 50,000 capital; WOS holds 99%. | [Announcement under Regulation 30 (LODR)-Acquisition 6h - Kesar's Dubai WOS formed Oriole Trading FZ-LLC on Feb 27, 2026; AED 50,000 capital; WOS holds 99%.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d45af0b6-c14e-4814-8e7b-bb49b7bc03c8.pdf) |
| 28 Feb - Allotment of 5,74,319 shares on 28-Feb-2026 (warrants at ₹350); paid-up capital ₹28,57,32,290. | [Announcement under Regulation 30 (LODR)-Allotment 28 Feb - Allotment of 5,74,319 shares on 28-Feb-2026 (warrants at ₹350); paid-up capital ₹28,57,32,290.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93974a61-5ce3-44b3-adaf-c6f49f72d78d.pdf) |
| 14 Feb - No deviation in utilization of preferential issue proceeds for quarter and nine months ended Dec 31, 2025. | [Statement Of Utilization Of The Proceeds Of The Preferential Issue Of The Company. 14 Feb - No deviation in utilization of preferential issue proceeds for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df547556-45bd-441d-9923-6cc11e094bf3.pdf) |
| 14 Feb - Crisil monitoring report for quarter ended Dec 31, 2025: preferential issue proceeds revised to Rs2,73,71,94,950; Rs154,66,97,600 received; Rs46,97,79,028 unutilized. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 Feb - Crisil monitoring report for quarter ended Dec 31, 2025: preferential issue proceeds revised to Rs2,73,71,94,950; Rs154,66,97,600 received; Rs46,97,79,028 unutilized.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3725ce8-f9ee-4293-ab83-cead4e215639.pdf) |
| 14 Feb - Board approved unaudited Q3/9M results; preferential issue ₹273.72 crore; warrants partly converted. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Feb - Board approved unaudited Q3/9M results; preferential issue ₹273.72 crore; warrants partly converted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9530ccc8-e7f7-47be-a7c5-eb23543e8461.pdf) |
| 14 Feb - Board approved Q3/9M results: Q revenue Rs91.6 crore, PAT Rs16.78 crore; Rs273.72 crore preferential issue; land transaction disclosed. | [Results - Financial Results For Quarter And Nine Months Ended December 31, 2025 14 Feb - Board approved Q3/9M results: Q revenue Rs91.6 crore, PAT Rs16.78 crore; Rs273.72 crore preferential issue; land transaction disclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/359efd1b-a35b-4245-8532-4da7b8657db9.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/883a0533-9186-4f71-8bda-03303c5856bb.pdf) |
| — | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 16 Jan 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03F0C771_50D5_4870_97ED_F47E3555C9FE_104344.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Jan 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/662F9FEE_146B_4C90_9734_93C7F28EE4C2_121729.pdf) |
| — | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 8 Jan 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0E27DFE5_FA04_4E77_A854_58334E3A0F43_164235.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f915c63-6b4e-425b-828c-21d5074ee6f0.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59700cb0-265a-4ba3-8340-1c4c95af21a1.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72bc0114-a233-4e0f-bea9-2344dd2a76d5.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640313.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/504864/5048640311.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2023-01-16 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03F0C771_50D5_4870_97ED_F47E3555C9FE_104344.pdf) |
| 2023-01-12 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=662F9FEE_146B_4C90_9734_93C7F28EE4C2_121729.pdf) |
| 2022-01-08 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0E27DFE5_FA04_4E77_A854_58334E3A0F43_164235.pdf) |
| 2020-01-17 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=748A8FC6_8299_4D0D_BC37_45CDBED34E46_172413.pdf) |
| 2020-01-16 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=BF8C6336_D08B_4062_9385_7681588733DE_100852.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:16.208Z.