Orient Cement Ltd

About [ edit ]

Orient Cement is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.

  • Market Cap 1,934 Cr.
  • Current Price 94.4
  • High / Low 99.5 / 35.1
  • Stock P/E 12.2
  • Book Value 56.8
  • Dividend Yield 0.79 %
  • ROCE 11.1 %
  • ROE 7.96 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 28.27%

Cons

  • The company has delivered a poor sales growth of 9.40% over past five years.
  • Company has a low return on equity of 5.70% for last 3 years.

Peer comparison

Sector: Cement Industry: Cement - South India

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
620 640 561 571 751 688 515 564 655 410 478 605
545 554 525 533 598 538 461 510 530 312 364 468
Operating Profit 75 85 36 38 153 150 54 55 125 98 113 137
OPM % 12% 13% 6% 7% 20% 22% 10% 10% 19% 24% 24% 23%
Other Income 3 3 2 4 4 4 4 3 7 6 3 7
Interest 28 29 31 28 30 31 32 31 28 27 26 24
Depreciation 31 32 33 34 33 35 37 35 34 35 35 36
Profit before tax 18 27 -26 -20 94 87 -11 -8 70 42 54 84
Tax % 30% 41% 35% 32% 34% 35% 29% 30% 37% 39% 36% 36%
Net Profit 13 16 -17 -14 62 56 -8 -6 44 26 35 54
EPS in Rs 0.63 0.78 -0.82 -0.67 3.03 2.73 -0.38 -0.28 2.15 1.25 1.70 2.63
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 1,500 1,437 1,545 1,462 1,875 2,222 2,522 2,422 2,147
2 1,181 1,222 1,239 1,277 1,696 1,917 2,210 2,039 1,674
Operating Profit -2 319 215 307 186 179 306 312 383 473
OPM % 21% 15% 20% 13% 10% 14% 12% 16% 22%
Other Income 0 4 9 6 8 11 20 14 18 23
Interest 0 19 14 14 54 135 129 118 122 106
Depreciation 0 56 56 47 78 122 126 133 141 140
Profit before tax -2 249 153 251 61 -66 70 75 137 250
Tax % 33% 35% 34% 22% -2% 52% 37% 36% 37%
Net Profit -1 162 101 195 62 -32 44 48 87 158
EPS in Rs -21.40 7.89 4.93 9.51 3.04 -1.57 2.16 2.32 4.23 7.73
Dividend Payout % 0% 25% 30% 18% 33% -32% 35% 32% 18%
Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:9%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:-15%
3 Years:68%
TTM:52%
Stock Price CAGR
10 Years:%
5 Years:-7%
3 Years:-16%
1 Year:18%
Return on Equity
10 Years:%
5 Years:4%
3 Years:6%
Last Year:8%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 20 20 20 20 20 20 20 20 20
Reserves -1 736 808 955 1,020 967 1,002 1,033 1,098 1,142
Borrowings 0 149 329 1,106 1,285 1,336 1,314 1,290 1,226 1,055
2 353 404 484 571 560 601 584 555 556
Total Liabilities 1 1,258 1,561 2,566 2,896 2,883 2,937 2,927 2,900 2,774
0 854 826 798 2,207 2,296 2,251 2,355 2,272 2,242
CWIP 0 40 328 1,319 239 98 158 48 67 38
Investments 0 0 0 0 0 0 0 0 0 31
1 365 408 448 450 489 528 525 562 463
Total Assets 1 1,258 1,561 2,566 2,896 2,883 2,937 2,927 2,900 2,774

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 263 192 156 268 259 279 281 292
0 -52 -279 -922 -371 -124 -149 -120 -73
0 -134 92 727 98 -108 -161 -171 -206
Net Cash Flow 0 76 5 -40 -5 27 -31 -10 13

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 59% 16% 16% 5% 3% 9% 8% 11%
Debtor Days 19 16 19 23 21 25 26 24
Inventory Turnover 13.93 7.81 6.51 4.96 5.68 5.41 5.24 3.76

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37 37.37
6.95 6.99 7.62 7.49 7.40 8.04 7.86 7.69 7.49 3.11 3.00 1.48
26.74 27.33 26.81 27.05 27.33 27.01 28.89 28.81 28.15 26.84 26.39 25.14
28.94 28.31 28.20 28.10 27.90 27.59 25.88 26.13 27.00 32.68 33.25 36.02

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