Oriental Carbon & Chemicals Ltd

Oriental Carbon & Chemicals Ltd

₹ 756 -0.79%
24 Apr 2:14 p.m.
About

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.

Key Points

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]

  • Market Cap 755 Cr.
  • Current Price 756
  • High / Low 939 / 645
  • Stock P/E 17.0
  • Book Value 622
  • Dividend Yield 1.86 %
  • ROCE 10.8 %
  • ROE 8.46 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 26.3%

Cons

  • The company has delivered a poor sales growth of 7.76% over past five years.
  • Company has a low return on equity of 10.4% 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: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
119.45 118.47 92.20 113.08 109.51 126.40 152.91 140.91 119.75 122.29 124.80 111.43 103.56
76.05 80.37 73.39 88.14 87.82 106.76 123.15 115.97 92.82 94.26 90.89 87.86 85.78
Operating Profit 43.40 38.10 18.81 24.94 21.69 19.64 29.76 24.94 26.93 28.03 33.91 23.57 17.78
OPM % 36.33% 32.16% 20.40% 22.06% 19.81% 15.54% 19.46% 17.70% 22.49% 22.92% 27.17% 21.15% 17.17%
0.85 2.65 5.33 1.66 0.47 1.74 1.64 1.03 0.17 0.29 1.83 0.54 0.52
Interest 1.37 1.45 1.19 1.23 1.36 2.99 3.12 3.56 3.23 3.09 3.13 3.02 2.57
Depreciation 5.41 6.07 5.62 5.81 5.94 6.82 7.14 7.34 7.73 7.20 7.46 7.59 7.65
Profit before tax 37.47 33.23 17.33 19.56 14.86 11.57 21.14 15.07 16.14 18.03 25.15 13.50 8.08
Tax % 21.06% 7.43% 23.89% 28.17% 18.91% 40.36% 24.46% 26.41% 20.69% 23.96% 31.25% 27.70% 9.65%
29.57 30.75 13.20 14.05 12.05 6.89 15.98 11.09 12.80 13.72 17.30 9.76 7.30
EPS in Rs 29.04 27.78 12.82 13.35 11.32 5.62 14.98 9.44 11.62 12.64 16.31 8.97 6.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
287 331 347 307 332 369 432 387 384 444 536 462
231 261 277 228 245 266 304 282 257 356 425 359
Operating Profit 57 70 69 79 86 103 128 105 126 88 110 103
OPM % 20% 21% 20% 26% 26% 28% 30% 27% 33% 20% 21% 22%
9 7 12 4 6 4 6 9 3 8 2 3
Interest 15 14 10 8 7 9 9 10 7 8 13 12
Depreciation 12 13 16 17 17 18 20 21 22 24 29 30
Profit before tax 38 50 55 59 69 80 106 83 100 63 70 65
Tax % 26% 19% 18% 22% 30% 29% 28% 9% 17% 27% 24%
28 41 45 46 48 57 77 75 83 46 54 48
EPS in Rs 26.84 39.33 46.90 48.10 49.76 55.19 75.20 73.21 79.08 43.11 48.69 44.61
Dividend Payout % 19% 18% 18% 18% 20% 18% 16% 14% 18% 32% 29%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 11%
TTM: -14%
Compounded Profit Growth
10 Years: 7%
5 Years: -3%
3 Years: -12%
TTM: 7%
Stock Price CAGR
10 Years: 17%
5 Years: -8%
3 Years: -4%
1 Year: 7%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 10%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 165 197 234 273 326 371 399 455 523 551 592 611
134 120 107 86 111 122 132 154 185 189 167 129
77 78 88 82 79 85 91 78 96 115 117 114
Total Liabilities 386 405 439 451 527 589 631 697 814 865 886 864
218 222 215 207 327 328 361 354 342 453 478 471
CWIP 3 2 4 40 3 40 3 25 113 41 1 3
Investments 5 11 27 16 38 61 93 133 185 181 225 214
160 169 193 189 159 160 174 185 173 190 181 175
Total Assets 386 405 439 451 527 589 631 697 814 865 886 864

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
32 53 70 70 82 94 93 115 91 61 105
-4 -21 -31 -40 -82 -74 -49 -85 -129 -41 -54
-29 -34 -34 -38 -2 -12 -50 -10 16 -21 -52
Net Cash Flow -0 -2 5 -9 -2 8 -6 20 -21 -0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 71 71 72 93 80 75 67 77 71 56
Inventory Days 170 157 149 197 162 169 152 134 168 151 118
Days Payable 79 73 83 77 94 91 63 61 88 70 44
Cash Conversion Cycle 162 155 137 193 160 158 165 140 156 152 130
Working Capital Days 73 66 61 70 78 66 73 70 86 84 74
ROCE % 18% 19% 18% 18% 18% 22% 15% 16% 9% 11%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76% 51.76%
0.75% 0.79% 1.02% 1.18% 1.36% 1.40% 1.28% 1.29% 0.69% 0.74% 0.74% 0.69%
15.58% 15.23% 14.58% 14.58% 14.23% 14.14% 13.77% 13.14% 12.84% 11.75% 11.75% 11.73%
31.91% 32.22% 32.64% 32.48% 32.64% 32.70% 33.19% 33.81% 34.72% 35.74% 35.75% 35.82%
No. of Shareholders 18,54919,98919,71519,84719,80419,77119,54919,28819,06519,95220,23820,616

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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