Oriental Carbon & Chemicals Ltd
Oriental Carbon and Chemicals core business is manufacturing and sales of Insoluble Sulphur. The Company is a global supplier of Insoluble Sulphur and about two-third of the turnover of the Company is from Exports. It has two manufacturing facilities, one in Haryana and other one in Gujrat.
- Market Cap: 1,112 Cr.
- Current Price: 1,080
- 52 weeks High / Low 1255.00 / 901.00
- Book Value: 401.24
- Stock P/E: 16.07
- Dividend Yield: 0.93 %
- ROCE: 18.45 %
- ROE: 15.58 %
- Sales Growth (3Yrs): 5.12 %
- Listed on BSE and NSE
- Company Website
- Face Value: 10.00
Volume:
Pros:
Company has been maintaining a healthy dividend payout of 17.91%
Cons:
The company has delivered a poor growth of 7.80% over past five years.
Peer Comparison Sector: Chemicals // Industry: Chemicals
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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
69.37 | 75.50 | 69.62 | 70.21 | 82.09 | 77.43 | 74.72 | 86.25 | 89.82 | 92.03 | 98.47 | 94.48 | |
50.30 | 53.35 | 48.42 | 50.90 | 56.64 | 51.98 | 52.10 | 60.16 | 65.69 | 64.97 | 68.15 | 59.99 | |
Operating Profit | 19.07 | 22.15 | 21.20 | 19.31 | 25.45 | 25.45 | 22.62 | 26.09 | 24.13 | 27.06 | 30.32 | 34.49 |
OPM % | 27.49% | 29.34% | 30.45% | 27.50% | 31.00% | 32.87% | 30.27% | 30.25% | 26.86% | 29.40% | 30.79% | 36.51% |
Other Income | 0.71 | 1.17 | 2.05 | 2.01 | 1.55 | 1.13 | 1.38 | 1.37 | 1.66 | 1.53 | 1.23 | 1.64 |
Interest | 1.76 | 1.05 | 1.06 | 0.91 | 1.99 | 1.94 | 1.99 | 2.06 | 1.86 | 1.76 | 2.07 | 2.00 |
Depreciation | 3.38 | 3.74 | 3.52 | 3.41 | 4.49 | 4.13 | 4.08 | 4.06 | 4.07 | 4.19 | 4.74 | 4.86 |
Profit before tax | 14.64 | 18.53 | 18.67 | 17.00 | 20.52 | 20.51 | 17.93 | 21.34 | 19.86 | 22.64 | 24.74 | 29.27 |
Tax % | 17.90% | 21.59% | 20.30% | 12.76% | 51.56% | 29.01% | 30.67% | 28.40% | 27.04% | 27.56% | 28.62% | 29.42% |
Net Profit | 12.02 | 14.53 | 14.87 | 14.83 | 9.94 | 14.56 | 12.42 | 15.28 | 14.49 | 16.40 | 17.65 | 20.66 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
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 | 375 | |
54 | 82 | 108 | 88 | 111 | 162 | 168 | 193 | 210 | 190 | 208 | 230 | 259 | |
Operating Profit | 10 | 8 | 14 | 38 | 48 | 56 | 58 | 69 | 72 | 81 | 89 | 98 | 116 |
OPM % | 16% | 9% | 11% | 30% | 30% | 26% | 26% | 26% | 26% | 30% | 30% | 30% | 31% |
Other Income | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 3 | 12 | 5 | 6 | 5 | 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 | 18 |
Profit before tax | 5 | 2 | 8 | 34 | 44 | 44 | 40 | 50 | 63 | 65 | 75 | 80 | 97 |
Tax % | 40% | 35% | 6% | 14% | 14% | 29% | 32% | 19% | 18% | 18% | 27% | 29% | |
Net Profit | 3 | 2 | 8 | 29 | 37 | 31 | 27 | 40 | 51 | 53 | 54 | 57 | 69 |
EPS in Rs | 2.98 | 1.56 | 7.15 | 27.90 | 35.61 | 29.70 | 25.72 | 38.03 | 48.05 | 49.66 | 52.54 | 55.04 | |
Dividend Payout % | 32% | 30% | 20% | 14% | 11% | 16% | 19% | 18% | 17% | 17% | 19% | 18% |
* Sales is net of excise duty and discounts
Compounded Sales Growth | |
---|---|
10 Years: | 13.81% |
5 Years: | 7.80% |
3 Years: | 5.12% |
TTM: | 16.95% |
Compounded Profit Growth | |
---|---|
10 Years: | 41.73% |
5 Years: | 15.89% |
3 Years: | 2.88% |
TTM: | 32.57% |
Return on Equity | |
---|---|
10 Years: | 20.68% |
5 Years: | 19.07% |
3 Years: | 17.49% |
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 | Sep 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |
Reserves | 47 | 49 | 56 | 81 | 114 | 139 | 160 | 192 | 233 | 276 | 333 | 378 | 403 |
Borrowings | 26 | 26 | 23 | 19 | 54 | 117 | 118 | 104 | 91 | 73 | 103 | 117 | 95 |
19 | 26 | 22 | 22 | 31 | 40 | 45 | 50 | 57 | 59 | 80 | 86 | 93 | |
Total Liabilities | 101 | 111 | 111 | 132 | 209 | 306 | 334 | 357 | 391 | 418 | 525 | 591 | 602 |
56 | 54 | 53 | 65 | 68 | 141 | 188 | 193 | 188 | 183 | 306 | 308 | 348 | |
CWIP | 0 | 1 | 5 | 8 | 50 | 44 | 3 | 2 | 4 | 40 | 3 | 40 | 3 |
Investments | 0 | 1 | 0 | 1 | 6 | 15 | 20 | 26 | 41 | 30 | 53 | 76 | 91 |
45 | 56 | 53 | 58 | 86 | 106 | 124 | 135 | 158 | 165 | 163 | 166 | 160 | |
Total Assets | 101 | 111 | 111 | 132 | 209 | 306 | 334 | 357 | 391 | 418 | 525 | 591 | 602 |
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 |
Ratios Standalone / 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 9% | 7% | 15% | 37% | 32% | 24% | 19% | 21% | 23% | 21% | 20% | 18% |
Debtor Days | 49 | 57 | 39 | 56 | 66 | 76 | 64 | 66 | 67 | 65 | 94 | 84 |
Inventory Turnover | 4.88 | 5.30 | 6.63 | 8.11 | 9.84 | 9.31 | 6.98 | 7.01 | 7.52 | 7.14 | 8.39 | 9.28 |
Recent Announcements
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares Feb. 22, 2019
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares Feb. 21, 2019
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares Feb. 20, 2019
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares Feb. 19, 2019
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares Feb. 18, 2019
Annual Reports
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse
Credit Ratings
- Oriental Carbon & Chemicals Limited: Ratings upgraded to [ICRA]A+(Positive), MAA-(Positive) and [ICRA]A1+ icra
- ICRA reaffirms the ratings for the bank lines and fixed-deposit programme of Oriental Carbon and Chemicals Limited; Outlook revised to Positive from Stable, rated amount enhnaced icra
- Ratings reaffirmed at [ICRA]A(Stable)/[ICRA]A1 for bank facilities and MA for Fixed-Deposit programme of Oriental Carbon and Chemicals Limited icra