Orient Cement Ltd

Orient Cement Ltd

₹ 232 -1.16%
21 Jun - close price
About

Orient Cement Ltd 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.[1]

Key Points

History
Established in 1979, Orient Cement was formerly a part of Orient Paper & Industries. The company was formed via the demerger of the cement business of Orient Paper & Industries Ltd in 2012. [1]

  • Market Cap 4,755 Cr.
  • Current Price 232
  • High / Low 294 / 125
  • Stock P/E 27.2
  • Book Value 85.1
  • Dividend Yield 0.97 %
  • ROCE 16.1 %
  • ROE 10.4 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 20.7%

Cons

  • The company has delivered a poor sales growth of 4.78% over past five years.
  • Company has a low return on equity of 12.0% 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: Cement Industry: Cement - South India

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
832 691 613 618 804 714 615 732 876 825 721 751 888
629 505 479 500 651 612 583 642 737 726 634 636 740
Operating Profit 203 186 134 118 153 102 33 90 139 99 87 115 148
OPM % 24% 27% 22% 19% 19% 14% 5% 12% 16% 12% 12% 15% 17%
3 2 3 2 2 1 5 1 5 4 2 2 8
Interest 16 16 15 16 5 8 11 10 10 10 9 8 8
Depreciation 36 35 36 37 37 36 37 37 36 37 37 38 38
Profit before tax 153 137 86 67 114 59 -10 45 98 57 42 72 110
Tax % 35% 35% 34% 35% 36% 37% 6% 38% 31% 35% 42% 37% 38%
100 89 57 44 73 37 -10 28 67 37 25 45 68
EPS in Rs 4.88 4.37 2.78 2.13 3.57 1.83 -0.46 1.34 3.29 1.81 1.20 2.20 3.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,500 1,437 1,545 1,462 1,875 2,222 2,522 2,422 2,324 2,725 2,938 3,185
1,181 1,222 1,239 1,277 1,696 1,916 2,210 2,039 1,773 2,134 2,573 2,736
Operating Profit 319 215 307 186 179 306 312 383 551 591 365 449
OPM % 21% 15% 20% 13% 10% 14% 12% 16% 24% 22% 12% 14%
4 9 6 8 11 19 14 18 18 10 12 16
Interest 19 14 14 54 135 129 118 122 94 51 38 34
Depreciation 56 56 47 78 122 126 133 141 142 145 147 149
Profit before tax 249 153 251 61 -66 70 75 137 334 404 192 281
Tax % 35% 34% 22% -2% 52% 37% 36% 37% 36% 35% 36% 38%
162 101 195 62 -32 44 48 87 214 263 123 175
EPS in Rs 7.89 4.93 9.51 3.04 -1.57 2.16 2.32 4.23 10.45 12.85 6.00 8.53
Dividend Payout % 25% 30% 18% 33% -32% 35% 32% 18% 19% 19% 25% 18%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 11%
TTM: 8%
Compounded Profit Growth
10 Years: 6%
5 Years: 30%
3 Years: -6%
TTM: 42%
Stock Price CAGR
10 Years: 10%
5 Years: 18%
3 Years: 20%
1 Year: 75%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 736 808 955 1,020 967 1,002 1,033 1,098 1,285 1,505 1,583 1,723
149 329 1,106 1,285 1,336 1,314 1,290 1,226 798 316 398 170
353 404 484 571 560 601 584 555 708 809 875 943
Total Liabilities 1,258 1,561 2,566 2,896 2,883 2,937 2,927 2,900 2,812 2,650 2,877 2,855
854 826 798 2,207 2,296 2,251 2,355 2,272 2,207 2,115 2,010 2,021
CWIP 40 328 1,319 239 98 158 48 67 41 40 140 89
Investments 0 0 0 0 0 0 0 0 115 14 4 11
365 408 448 450 489 528 525 562 448 481 723 734
Total Assets 1,258 1,561 2,566 2,896 2,883 2,937 2,927 2,900 2,812 2,650 2,877 2,855

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
263 192 156 268 259 279 281 292 714 524 111 426
-52 -279 -922 -371 -124 -149 -120 -73 -162 70 -120 -85
-134 92 727 98 -108 -161 -171 -206 -552 -586 35 -334
Net Cash Flow 76 5 -40 -5 27 -31 -10 13 0 8 26 7

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 16 19 23 21 25 26 24 17 17 21 26
Inventory Days 140 114 213 236 196 230 269 269 192 192 331 269
Days Payable 124 137 214 340 268 280 270 201 207 238 203 181
Cash Conversion Cycle 35 -7 19 -81 -52 -25 25 93 2 -29 150 114
Working Capital Days -6 -3 13 -5 -22 -16 -11 -5 -21 -17 11 9
ROCE % 59% 16% 16% 5% 3% 9% 8% 11% 19% 23% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.37% 37.37% 37.37% 37.37% 37.90% 37.90% 37.90% 37.90% 37.90% 37.90% 37.90% 37.90%
4.43% 5.97% 6.64% 6.54% 5.83% 6.43% 6.02% 7.72% 5.87% 6.30% 6.71% 8.24%
20.64% 15.92% 15.41% 14.83% 13.32% 11.30% 11.02% 9.53% 10.64% 12.89% 13.14% 14.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00%
37.56% 40.74% 40.59% 41.26% 42.95% 44.38% 45.04% 44.81% 45.54% 42.90% 42.26% 39.19%
No. of Shareholders 64,83289,30899,9781,08,2211,12,3481,11,8051,11,8341,12,0721,02,50690,23886,86484,940

* 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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