Oriental Carbon & Chemicals Ltd
Oriental Carbon & Chemicals started operations as Dharuhera Chemicals Limited in 1978 and was later merged with Oriental Carbon Limited in 1984. It belongs to the JP Goenka Group of Companies. In 1994, OCCL set-up a manufacturing facility for the production of Insoluble Sulphur, which is now the flagship product of the company. OCCL also manufactures Sulphuric Acid & Oleum.
- Market Cap ₹ 657 Cr.
- Current Price ₹ 658
- High / Low ₹ 939 / 645
- Stock P/E 15.9
- Book Value ₹ 612
- Dividend Yield 2.13 %
- ROCE 9.45 %
- ROE 7.69 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.08 times its book value
- Company has been maintaining a healthy dividend payout of 28.6%
Cons
- The company has delivered a poor sales growth of 7.41% over past five years.
- Company has a low return on equity of 9.73% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
218 | 225 | 262 | 283 | 271 | 297 | 324 | 383 | 340 | 341 | 386 | 463 | 396 | |
162 | 168 | 193 | 210 | 189 | 208 | 224 | 261 | 241 | 219 | 308 | 366 | 303 | |
Operating Profit | 56 | 58 | 69 | 72 | 82 | 89 | 100 | 123 | 99 | 122 | 78 | 96 | 93 |
OPM % | 26% | 26% | 26% | 26% | 30% | 30% | 31% | 32% | 29% | 36% | 20% | 21% | 23% |
4 | 5 | 3 | 12 | 5 | 6 | 4 | 7 | 10 | 2 | 8 | 2 | 3 | |
Interest | 8 | 13 | 11 | 8 | 6 | 5 | 8 | 8 | 9 | 6 | 8 | 13 | 12 |
Depreciation | 7 | 10 | 10 | 13 | 16 | 15 | 16 | 19 | 20 | 21 | 23 | 28 | 28 |
Profit before tax | 44 | 40 | 50 | 63 | 65 | 75 | 80 | 103 | 79 | 97 | 55 | 57 | 56 |
Tax % | 29% | 32% | 19% | 18% | 18% | 27% | 29% | 28% | 10% | 22% | 27% | 24% | |
31 | 27 | 40 | 51 | 53 | 54 | 57 | 74 | 72 | 75 | 40 | 44 | 41 | |
EPS in Rs | 30.56 | 26.59 | 39.28 | 49.84 | 51.47 | 52.61 | 55.12 | 73.81 | 71.58 | 75.07 | 39.99 | 43.75 | 41.29 |
Dividend Payout % | 16% | 19% | 18% | 17% | 17% | 19% | 18% | 16% | 14% | 19% | 35% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 11% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | -5% |
3 Years: | -14% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | -10% |
3 Years: | -11% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 12% |
3 Years: | 10% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 140 | 162 | 194 | 234 | 276 | 333 | 378 | 404 | 458 | 523 | 547 | 584 | 601 |
117 | 118 | 104 | 91 | 73 | 103 | 117 | 125 | 154 | 185 | 188 | 165 | 128 | |
38 | 44 | 49 | 56 | 58 | 62 | 68 | 73 | 57 | 74 | 86 | 78 | 76 | |
Total Liabilities | 306 | 334 | 356 | 391 | 417 | 507 | 573 | 612 | 679 | 791 | 831 | 837 | 815 |
141 | 188 | 193 | 188 | 183 | 306 | 308 | 344 | 338 | 327 | 437 | 462 | 455 | |
CWIP | 44 | 3 | 2 | 4 | 40 | 3 | 40 | 3 | 25 | 113 | 41 | 1 | 3 |
Investments | 15 | 20 | 26 | 41 | 30 | 53 | 76 | 108 | 147 | 199 | 187 | 217 | 207 |
106 | 124 | 135 | 158 | 165 | 146 | 148 | 156 | 168 | 152 | 166 | 158 | 150 | |
Total Assets | 306 | 334 | 356 | 391 | 417 | 507 | 573 | 612 | 679 | 791 | 831 | 837 | 815 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
30 | 47 | 52 | 70 | 68 | 77 | 87 | 89 | 108 | 85 | 52 | 91 | |
-77 | -27 | -23 | -31 | -42 | -84 | -72 | -45 | -83 | -123 | -32 | -38 | |
51 | -20 | -32 | -32 | -35 | 5 | -7 | -51 | -3 | 17 | -21 | -52 | |
Net Cash Flow | 4 | 0 | -3 | 7 | -9 | -2 | 8 | -8 | 22 | -22 | -1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 64 | 66 | 67 | 65 | 94 | 85 | 80 | 72 | 80 | 76 | 60 |
Inventory Days | 140 | 199 | 204 | 160 | 204 | 168 | 185 | 164 | 138 | 185 | 160 | 122 |
Days Payable | 66 | 68 | 73 | 66 | 54 | 95 | 90 | 63 | 58 | 88 | 67 | 38 |
Cash Conversion Cycle | 150 | 195 | 197 | 160 | 215 | 167 | 180 | 181 | 152 | 177 | 169 | 143 |
Working Capital Days | 79 | 67 | 59 | 56 | 65 | 82 | 73 | 75 | 73 | 92 | 93 | 83 |
ROCE % | 24% | 19% | 21% | 22% | 21% | 20% | 18% | 22% | 15% | 15% | 8% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Feb - Letter dated February 05, 2024, regarding Audio Recording of Q3 FY24 Earning Call held on February 05, 2024, please find enclosed herewith the transcript of …
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 8 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Feb - The audio recording of the earnings call held today, February 05, 2024, has been uploaded on the Company's website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
4 Feb - Investor Presentation for the quarter ended 31st December 2023.
- Results For The Period Ended 31St December 2023 2 Feb
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Jul 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Jul 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
Market Share
OCCL has a dominant position in the domestic market as the sole manufacturer of IS. It has positioned itself as the second preferred supplier to most global tyre makers. It continues to retain its leadership position in the domestic market with 55-60% of the market share and ~10% share in the global market.[1]