Orient Ceratech Ltd
Incorporated in 1974, Orient Ceratech Ltd
is in the business of production and trading
of aluminum refractories and monolithics
products, mining of bauxite ores and generation of power[1]
- Market Cap ₹ 486 Cr.
- Current Price ₹ 40.6
- High / Low ₹ 56.6 / 34.0
- Stock P/E 24.5
- Book Value ₹ 24.7
- Dividend Yield 0.62 %
- ROCE 9.16 %
- ROE 6.89 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.7%
Cons
- The company has delivered a poor sales growth of 6.05% over past five years.
- Company has a low return on equity of 5.23% over last 3 years.
- Earnings include an other income of Rs.12.9 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.
Peer comparison
Industrials Capital Goods Industrial Products Electrodes & Refractories
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 183 | 286 | 219 | 324 | 313 | 346 | 302 | 259 | 284 | 317 | 333 | 405 | |
| 153 | 239 | 198 | 292 | 273 | 301 | 272 | 242 | 264 | 290 | 309 | 376 | |
| Operating Profit | 30 | 48 | 21 | 31 | 40 | 45 | 31 | 16 | 20 | 27 | 24 | 30 |
| OPM % | 16% | 17% | 10% | 10% | 13% | 13% | 10% | 6% | 7% | 9% | 7% | 7% |
| 1 | 2 | 1 | 4 | 1 | 1 | 2 | 6 | 9 | 10 | 7 | 13 | |
| Interest | 3 | 3 | 5 | 6 | 9 | 9 | 6 | 3 | 4 | 4 | 7 | 3 |
| Depreciation | 11 | 9 | 8 | 10 | 11 | 10 | 11 | 10 | 10 | 10 | 11 | 15 |
| Profit before tax | 17 | 37 | 9 | 19 | 21 | 26 | 16 | 9 | 16 | 22 | 13 | 24 |
| Tax % | 28% | 36% | 26% | 12% | 22% | 22% | 29% | 21% | 21% | 23% | 26% | 24% |
| 12 | 24 | 7 | 17 | 16 | 21 | 11 | 7 | 13 | 17 | 10 | 19 | |
| EPS in Rs | 1.03 | 1.97 | 0.59 | 1.42 | 1.35 | 1.72 | 0.95 | 0.59 | 1.06 | 1.43 | 0.80 | 1.56 |
| Dividend Payout % | 24% | 13% | 43% | 18% | 19% | 9% | 16% | 26% | 24% | 17% | 31% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 13% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 12% |
| 3 Years: | 16% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 143 | 163 | 170 | 192 | 204 | 221 | 230 | 236 | 247 | 260 | 267 | 283 |
| 29 | 36 | 53 | 61 | 76 | 54 | 31 | 38 | 15 | 58 | 46 | 24 | |
| 42 | 64 | 102 | 95 | 68 | 61 | 67 | 49 | 47 | 66 | 52 | 62 | |
| Total Liabilities | 226 | 275 | 337 | 359 | 361 | 348 | 340 | 334 | 321 | 396 | 376 | 381 |
| 101 | 95 | 90 | 134 | 126 | 129 | 122 | 110 | 100 | 111 | 103 | 107 | |
| CWIP | 1 | 6 | 34 | 1 | 3 | 1 | 0 | -0 | 0 | 3 | 25 | 1 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 5 | 5 | 5 |
| 124 | 174 | 213 | 224 | 232 | 218 | 217 | 224 | 220 | 277 | 244 | 268 | |
| Total Assets | 226 | 275 | 337 | 359 | 361 | 348 | 340 | 334 | 321 | 396 | 376 | 381 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 9 | 22 | 14 | 10 | 41 | 30 | 17 | 42 | -15 | 40 | ||
| -10 | -9 | -31 | -22 | -10 | -11 | 3 | -20 | -11 | -24 | -19 | ||
| -2 | 1 | 9 | 7 | 4 | -34 | -30 | 3 | -28 | 37 | -21 | ||
| Net Cash Flow | -0 | 1 | -1 | -0 | 4 | -4 | 2 | -0 | 2 | -2 | 0 | |
| Free Cash Flow | 2 | -1 | -8 | -6 | 3 | 32 | 26 | 19 | 42 | -35 | 16 | |
| CFO/OP | 61% | 23% | 111% | 58% | 33% | 108% | 104% | 114% | 228% | -36% | 193% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 103 | 121 | 95 | 96 | 98 | 126 | 106 | 89 | 91 | 85 | 69 |
| Inventory Days | 511 | 355 | 540 | 275 | 335 | 202 | 208 | 147 | 115 | 175 | 213 | 162 |
| Days Payable | 166 | 182 | 321 | 180 | 119 | 82 | 100 | 66 | 53 | 98 | 74 | 66 |
| Cash Conversion Cycle | 415 | 276 | 339 | 190 | 312 | 219 | 234 | 187 | 151 | 168 | 223 | 165 |
| Working Capital Days | 99 | 98 | 111 | 91 | 109 | 115 | 152 | 166 | 165 | 145 | 131 | 132 |
| ROCE % | 11% | 21% | 6% | 10% | 11% | 13% | 8% | 4% | 7% | 7% | 6% | 9% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Headcount / Number of Employees Number |
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| Installed Capacity - Alumina Refractories & Monolithics MT |
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| Power Generation Capacity - Thermal MW |
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| Power Generation Capacity - Wind MW |
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| Production Volume - Alumina Refractories & Monolithics MT |
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| Installed Capacity - Calcined Bauxite / Abrasive Grains MT |
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| Overall Capacity Utilization % |
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| Production Volume - Calcined Bauxite MT |
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| Production Volume - Fused Aluminum Oxide Grains MT |
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| Sales Volume - Bauxite Ores MT |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Submitted FY2026 Secretarial Compliance Report; no non-compliances or actions noted.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 May
-
Audited Financial Results For The Quarter And Year Ended 31.03.2026
28 May - Board approved sale of Porbandar thermal power station for Rs 3.75 crore; FY26 results, dividend, CS appointment announced.
-
Announcement under Regulation 30 (LODR)-Change in Management
27 May - FY26 audited results approved; 35% dividend recommended; thermal power station sale for ₹3.75 crore approved.
-
Sale Of Thermal Power Station (Power Division)
27 May - Board approved FY26 audited results, 35% dividend, and sale of Porbandar thermal power station for ₹3.75 crore.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
Business Overview:[1][2]
OCL is a part of the Ashapura group and is promoted by Bombay Minerals Ltd. It is an ISO 9001-certified producer of Calcined and Fused Products in India. Company offers a wide range of Refractory and Monolithic products for the iron and steel industry. Company manufactures
and distributes specialty value-added ceramic goods like ceramic proppants for the oil and gas industry and ceramic solutions for the abrasives and refractory industries.