Oriental Carbon & Chemicals Ltd // Commodity Chemicals

Pros:
Company has been maintaining a healthy dividend payout of 17.96%
Cons:
The company has delivered a poor growth of 7.80% over past five years.

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Tata Chemicals 707.95 6.67 18035.73 3.11 261.63 8.21 2769.12 12.95 2.08
2. Guj Alkalies 573.70 6.76 4213.25 1.13 183.17 92.08 752.85 38.35 24.27
3. Godrej Inds. 535.90 31.25 18026.65 0.33 128.94 -15.30 3031.26 13.57 0.45
4. Polyplex Corpn 570.75 4.78 1825.26 7.01 115.38 310.75 1065.04 30.57 8.57
5. Aarti Inds. 1233.30 29.26 10026.73 0.08 89.28 41.60 1078.48 36.20 19.97
6. GHCL 234.90 8.58 2302.21 2.12 61.59 -60.98 754.59 1.25 18.23
7. Jindal Poly Film 305.20 5.54 1336.36 0.33 -57.43 9283.19 791.07 -57.77 6.83
8. Oriental Carbon 977.00 17.17 1005.93 1.03 16.40 12.64 92.03 18.86 21.12

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
70.67 62.57 69.37 75.5 69.62 70.21 82.09 77.43 74.72 86.25 89.82 92.03
47.69 44.8 50.3 53.34 48.43 50.91 56.64 51.98 52.1 60.17 65.7 64.97
Operating Profit 22.98 17.77 19.07 22.16 21.19 19.3 25.45 25.45 22.62 26.08 24.12 27.06
OPM % 32.52% 28.4% 27.49% 29.35% 30.44% 27.49% 31.0% 32.87% 30.27% 30.24% 26.85% 29.4%
Other Income 0.75 2.76 0.71 1.17 2.05 2.01 1.55 1.13 1.38 1.37 1.66 1.53
Depreciation 4.18 3.37 3.38 3.74 3.52 3.41 4.49 4.13 4.08 4.06 4.07 4.19
Interest 1.44 1.62 1.76 1.05 1.06 0.91 1.99 1.94 1.99 2.06 1.86 1.76
Profit before tax 18.11 15.53 14.64 18.53 18.67 17.0 20.52 20.51 17.93 21.34 19.86 22.64
Tax 5.18 1.85 2.62 4.0 3.79 2.17 10.58 5.95 5.5 6.06 5.37 6.24
Net Profit 12.94 13.68 12.02 14.53 14.87 14.83 9.94 14.56 12.42 15.28 14.49 16.4

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
64 90 122 126 159 218 225 262 283 271 297 328 343
54 82 109 88 111 162 168 194 211 190 209 230 243
Operating Profit 10 8 13 38 48 56 58 68 71 81 88 98 100
OPM % 15.57% 8.81% 10.64% 30.2% 30.05% 25.59% 25.53% 26.04% 25.22% 29.91% 29.62% 29.94% 29.13%
Other Income 2 2 4 3 4 4 5 3 13 6 7 6 6
Interest 3 3 4 2 3 8 13 11 8 6 5 8 8
Depreciation 4 4 4 5 5 7 10 10 13 16 15 16 16
Profit before tax 5 2 8 34 44 45 40 50 63 65 75 80 82
Tax 2 1 0 5 6 13 13 10 12 12 21 23 23
Net Profit 3 2 8 29 37 31 27 40 51 53 54 57 59
EPS 2.98 1.56 7.15 27.9 35.61 29.7 25.72 38.03 48.05 49.66 52.54 55.04
Dividend Payout % 31.83% 30.25% 20.31% 13.99% 11.02% 16.4% 18.85% 17.85% 17.07% 16.53% 19.03% 18.17%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.64%
5 Years:7.80%
3 Years:5.12%
TTM:14.52%
Compounded Profit Growth
10 Years:23.62%
5 Years:15.89%
3 Years:2.88%
TTM:8.10%
Return on Equity
10 Years:21.01%
5 Years:19.10%
3 Years:17.50%
TTM:15.58%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
9 10 10 10 10 10 10 10 10 10 10 10
Reserves 47 49 56 81 114 139 160 192 233 276 333 378
Borrowings 26 26 23 19 54 117 119 104 91 73 103 117
19 26 22 22 31 40 45 50 57 59 80 86
Total Liabilities 101 111 111 132 209 306 334 357 391 418 525 591
56 54 53 65 68 141 188 193 188 183 306 308
CWIP 0 1 5 8 50 44 3 2 4 40 3 40
Investments 0 1 0 1 6 15 20 26 41 30 53 76
45 56 53 58 86 106 124 135 158 165 163 166
Total Assets 101 111 111 132 209 306 334 357 391 418 525 591

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
7 6 18 36 29 30 47 52 70 68 77 87
2 -1 -11 -20 -63 -77 -27 -23 -31 -42 -84 -71
-7 -3 -6 -11 31 51 -20 -32 -32 -35 5 -7
Net Cash Flow 2 2 0 5 -3 4 0 -3 7 -9 -2 8