Orient Cement Ltd
Orient Cement Ltd is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.[1]
- Market Cap ₹ 4,396 Cr.
- Current Price ₹ 215
- High / Low ₹ 294 / 122
- Stock P/E 25.1
- Book Value ₹ 85.1
- Dividend Yield 0.70 %
- ROCE 16.1 %
- ROE 10.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 20.7%
Cons
- The company has delivered a poor sales growth of 4.78% over past five years.
- Company has a low return on equity of 12.0% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cement Industry: Cement - South India
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,500 | 1,437 | 1,545 | 1,462 | 1,875 | 2,222 | 2,522 | 2,422 | 2,324 | 2,725 | 2,938 | 3,185 | |
1,181 | 1,222 | 1,239 | 1,277 | 1,696 | 1,916 | 2,210 | 2,039 | 1,773 | 2,134 | 2,573 | 2,736 | |
Operating Profit | 319 | 215 | 307 | 186 | 179 | 306 | 312 | 383 | 551 | 591 | 365 | 449 |
OPM % | 21% | 15% | 20% | 13% | 10% | 14% | 12% | 16% | 24% | 22% | 12% | 14% |
4 | 9 | 6 | 8 | 11 | 19 | 14 | 18 | 18 | 10 | 12 | 16 | |
Interest | 19 | 14 | 14 | 54 | 135 | 129 | 118 | 122 | 94 | 51 | 38 | 34 |
Depreciation | 56 | 56 | 47 | 78 | 122 | 126 | 133 | 141 | 142 | 145 | 147 | 149 |
Profit before tax | 249 | 153 | 251 | 61 | -66 | 70 | 75 | 137 | 334 | 404 | 192 | 281 |
Tax % | 35% | 34% | 22% | -2% | 52% | 37% | 36% | 37% | 36% | 35% | 36% | 38% |
162 | 101 | 195 | 62 | -32 | 44 | 48 | 87 | 214 | 263 | 123 | 175 | |
EPS in Rs | 7.89 | 4.93 | 9.51 | 3.04 | -1.57 | 2.16 | 2.32 | 4.23 | 10.45 | 12.85 | 6.00 | 8.53 |
Dividend Payout % | 25% | 30% | 18% | 33% | -32% | 35% | 32% | 18% | 19% | 19% | 25% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 11% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 30% |
3 Years: | -6% |
TTM: | 42% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 14% |
3 Years: | 17% |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Reserves | 736 | 808 | 955 | 1,020 | 967 | 1,002 | 1,033 | 1,098 | 1,285 | 1,505 | 1,583 | 1,723 |
149 | 329 | 1,106 | 1,285 | 1,336 | 1,314 | 1,290 | 1,226 | 798 | 316 | 398 | 170 | |
353 | 404 | 484 | 571 | 560 | 601 | 584 | 555 | 708 | 809 | 875 | 943 | |
Total Liabilities | 1,258 | 1,561 | 2,566 | 2,896 | 2,883 | 2,937 | 2,927 | 2,900 | 2,812 | 2,650 | 2,877 | 2,855 |
854 | 826 | 798 | 2,207 | 2,296 | 2,251 | 2,355 | 2,272 | 2,207 | 2,115 | 2,010 | 2,021 | |
CWIP | 40 | 328 | 1,319 | 239 | 98 | 158 | 48 | 67 | 41 | 40 | 140 | 89 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115 | 14 | 4 | 11 |
365 | 408 | 448 | 450 | 489 | 528 | 525 | 562 | 448 | 481 | 723 | 734 | |
Total Assets | 1,258 | 1,561 | 2,566 | 2,896 | 2,883 | 2,937 | 2,927 | 2,900 | 2,812 | 2,650 | 2,877 | 2,855 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
263 | 192 | 156 | 268 | 259 | 279 | 281 | 292 | 714 | 524 | 111 | 426 | |
-52 | -279 | -922 | -371 | -124 | -149 | -120 | -73 | -162 | 70 | -120 | -85 | |
-134 | 92 | 727 | 98 | -108 | -161 | -171 | -206 | -552 | -586 | 35 | -334 | |
Net Cash Flow | 76 | 5 | -40 | -5 | 27 | -31 | -10 | 13 | 0 | 8 | 26 | 7 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 16 | 19 | 23 | 21 | 25 | 26 | 24 | 17 | 17 | 21 | 26 |
Inventory Days | 140 | 114 | 213 | 236 | 196 | 230 | 269 | 269 | 192 | 192 | 331 | 269 |
Days Payable | 124 | 137 | 214 | 340 | 268 | 280 | 270 | 201 | 207 | 238 | 203 | 181 |
Cash Conversion Cycle | 35 | -7 | 19 | -81 | -52 | -25 | 25 | 93 | 2 | -29 | 150 | 114 |
Working Capital Days | -6 | -3 | 13 | -5 | -22 | -16 | -11 | -5 | -21 | -17 | 11 | 9 |
ROCE % | 59% | 16% | 16% | 5% | 3% | 9% | 8% | 11% | 19% | 23% | 12% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 May - Secretarial Compliance Report for the financial year ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 May - Newspaper Advertisement with regard to Postal Ballot Notice and Remote E-voting.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 May
- Disclosure W.R.T. Order Passed By Assistant Commissioner, Central Tax, Gulbarga, Karnataka. 10 May
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 8 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
Concalls
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May 2024TranscriptPPT
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPTREC
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
History
Established in 1979, Orient Cement was formerly a part of Orient Paper & Industries. The company was formed via the demerger of the cement business of Orient Paper & Industries Ltd in 2012. [1]