Oricon Enterprises Ltd
Oricon Enterprises Ltd is engaged in the business of manufacturing petrochemical products, trading, liquid colorants and real estate, preform, metal and plastic closures.[1]
It is a part of Parijat Group which also has presence across pharma, medical devices, and moulded pulp packaging sectors primarily in India.[2][3][4]
- Market Cap ₹ 682 Cr.
- Current Price ₹ 43.4
- High / Low ₹ 49.3 / 19.4
- Stock P/E 57.0
- Book Value ₹ 72.0
- Dividend Yield 1.15 %
- ROCE 1.95 %
- ROE 1.17 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
- Debtor days have improved from 95.9 to 69.9 days.
- Company's working capital requirements have reduced from 150 days to 118 days
Cons
- The company has delivered a poor sales growth of -9.88% over past five years.
- Company has a low return on equity of -0.77% over last 3 years.
- Earnings include an other income of Rs.33.1 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
973 | 992 | 887 | 1,048 | 1,165 | 1,167 | 1,014 | 1,119 | 890 | 437 | 504 | 603 | 500 | |
871 | 862 | 787 | 956 | 1,079 | 1,058 | 941 | 1,014 | 793 | 420 | 478 | 562 | 465 | |
Operating Profit | 102 | 130 | 100 | 92 | 86 | 110 | 73 | 106 | 96 | 16 | 26 | 40 | 35 |
OPM % | 10% | 13% | 11% | 9% | 7% | 9% | 7% | 9% | 11% | 4% | 5% | 7% | 7% |
34 | 25 | 26 | 90 | 47 | 55 | 49 | 37 | 35 | 25 | 142 | 20 | 33 | |
Interest | 13 | 16 | 16 | 16 | 28 | 22 | 18 | 18 | 17 | 14 | 13 | 7 | 9 |
Depreciation | 27 | 37 | 40 | 38 | 56 | 66 | 72 | 75 | 90 | 33 | 32 | 33 | 36 |
Profit before tax | 96 | 102 | 70 | 129 | 49 | 75 | 32 | 49 | 24 | -6 | 123 | 20 | 23 |
Tax % | 33% | 32% | 38% | 34% | 34% | 34% | 30% | 18% | -6% | -27% | 7% | 26% | |
64 | 69 | 43 | 85 | 32 | 50 | 22 | 40 | 26 | -7 | 114 | 15 | 19 | |
EPS in Rs | 3.76 | 3.39 | 2.12 | 2.75 | 1.19 | 2.40 | 1.14 | 2.31 | 1.44 | -0.12 | 8.14 | 0.95 | 1.22 |
Dividend Payout % | 12% | 13% | 21% | 16% | 42% | 0% | 44% | 22% | 56% | -401% | 12% | 53% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | -10% |
3 Years: | -12% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | -10% |
5 Years: | -6% |
3 Years: | -16% |
TTM: | -50% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 33% |
1 Year: | 112% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 1% |
3 Years: | -1% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 21 | 21 | 21 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 513 | 546 | 565 | 600 | 612 | 865 | 821 | 846 | 834 | 892 | 1,120 | 1,002 | 1,100 |
Preference Capital | 11 | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
136 | 185 | 198 | 368 | 401 | 675 | 542 | 491 | 267 | 232 | 167 | 89 | 107 | |
357 | 383 | 392 | 517 | 486 | 394 | 384 | 418 | 367 | 309 | 215 | 113 | 114 | |
Total Liabilities | 1,026 | 1,135 | 1,175 | 1,516 | 1,531 | 1,966 | 1,779 | 1,787 | 1,500 | 1,464 | 1,535 | 1,234 | 1,352 |
485 | 543 | 537 | 726 | 860 | 836 | 752 | 776 | 756 | 716 | 541 | 551 | 567 | |
CWIP | 39 | 2 | 18 | 39 | 33 | 10 | 15 | 14 | 29 | 22 | 20 | 23 | 20 |
Investments | 49 | 74 | 141 | 181 | 195 | 349 | 281 | 329 | 188 | 286 | 505 | 232 | 349 |
453 | 516 | 479 | 571 | 443 | 771 | 732 | 668 | 528 | 440 | 469 | 429 | 416 | |
Total Assets | 1,026 | 1,135 | 1,175 | 1,516 | 1,531 | 1,966 | 1,779 | 1,787 | 1,500 | 1,464 | 1,535 | 1,234 | 1,352 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | 76 | 90 | 139 | 248 | -35 | 102 | 159 | 272 | 83 | 34 | 25 | |
-66 | -72 | -94 | -224 | -213 | -200 | 59 | -86 | 8 | -53 | 118 | 74 | |
47 | 14 | -19 | 78 | -38 | 267 | -160 | -91 | -276 | -15 | -176 | -91 | |
Net Cash Flow | 10 | 18 | -23 | -7 | -3 | 32 | 1 | -18 | 4 | 15 | -24 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 34 | 51 | 55 | 74 | 57 | 63 | 73 | 95 | 75 | 122 | 96 | 70 |
Inventory Days | 56 | 58 | 63 | 112 | 77 | 277 | 377 | 172 | 142 | 209 | 130 | 108 |
Days Payable | 53 | 72 | 75 | 101 | 61 | 59 | 98 | 78 | 103 | 116 | 85 | 55 |
Cash Conversion Cycle | 36 | 38 | 43 | 86 | 73 | 280 | 353 | 189 | 114 | 215 | 141 | 122 |
Working Capital Days | 31 | 38 | 38 | 85 | 17 | 143 | 162 | 118 | 94 | 185 | 148 | 118 |
ROCE % | 13% | 13% | 9% | 8% | 5% | 6% | 3% | 4% | 3% | 0% | 1% | 2% |
Documents
Announcements
-
Certificate Under 40(9) Of SEBI LODR, 2015
18h - Certificate under 40(9) of SEBI (LODR) Regulation, 2015 for the Year ended March 31, 2024.
-
Compliance Certificate Under Regulation 7(3) Of SEBI LODR 2015
15 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the Financial Year ended March 31, 2024
- Announcement Under Regulations 30 Of SEBI (LODR), 2015 10 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
- Board Meeting Outcome for Outcome Of Board Meeting Held On 09Th April, 2024 9 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
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
-
Financial Year 2009
from bse
Concalls
-
Aug 2019TranscriptNotesPPT
-
Jun 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Dec 2018TranscriptNotesPPT
-
Sep 2018TranscriptNotesPPT
-
Jun 2018TranscriptNotesPPT
-
Mar 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Oct 2017TranscriptNotesPPT
-
Jun 2017TranscriptNotesPPT
-
Mar 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Dec 2016TranscriptNotesPPT
-
Sep 2016TranscriptNotesPPT
-
Jul 2016TranscriptNotesPPT
Packaging Business (~52% of revenues)[1]
The company is a leading manufacturer of intermediate skirt twist-off and pry off crowns under the brand name 'Hycrowns' for the beverage and beer industry, roll on pilfer proof caps (ROPP) for pharma and liquor industries. It also provides plastic closures for carbonated soft drinks, juices and bottled water under the brand 'Bevseal'.
Its clients include Coca Cola, Pepsi, Bisleri, Diageo, Heineken, United Breweries, etc.[2]