Orient Ceratech Ltd

₹ 40.6 -0.05%

23 Jul - close price

orientabrasives.com BSE: 504879 NSE: ORIENTCER

About

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]

Key Points

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.

Website BSE NSE

Market Cap ₹ 486 Cr.
Current Price ₹ 40.6
High / Low ₹ 56.6 / 33.0
Stock P/E 24.5
Book Value ₹ 24.7
Dividend Yield 0.62 %
ROCE 9.16 %
ROE 6.89 %
Face Value ₹ 1.00

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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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	81.15	69.12	82.99	80.45	84.42	99.78	72.83	74.17	85.85	100.12	115.52	94.51	95.24
	73.52	64.11	74.52	74.46	77.86	93.34	67.76	68.87	79.89	94.50	106.72	85.71	88.97
Operating Profit	7.63	5.01	8.47	5.99	6.56	6.44	5.07	5.30	5.96	5.62	8.80	8.80	6.27
OPM %	9.40%	7.25%	10.21%	7.45%	7.77%	6.45%	6.96%	7.15%	6.94%	5.61%	7.62%	9.31%	6.58%
	1.55	3.70	0.80	3.58	1.69	1.36	1.60	2.13	1.66	2.25	2.80	0.78	7.07
Interest	1.08	0.75	0.82	0.55	1.21	1.50	1.44	1.45	1.28	0.92	0.81	0.83	0.78
Depreciation	2.27	2.28	2.58	2.99	2.42	2.75	2.77	2.74	2.68	2.76	2.61	2.97	6.26
Profit before tax	5.83	5.68	5.87	6.03	4.62	3.55	2.46	3.24	3.66	4.19	8.18	5.78	6.30
Tax %	8.75%	26.41%	23.68%	21.72%	19.70%	26.48%	28.86%	25.62%	21.86%	25.30%	25.43%	25.95%	17.78%
	5.32	4.18	4.48	4.73	3.72	2.60	1.75	2.40	2.86	3.13	6.10	4.28	5.18
EPS in Rs	0.44	0.35	0.37	0.40	0.31	0.22	0.15	0.20	0.24	0.26	0.51	0.36	0.43
Raw PDF

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:	3%
3 Years:	5%
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	25
	-10	-9	-31	-22	-10	-11	3	-20	-11	-24	-19	4
	-2	1	9	7	4	-34	-30	3	-28	37	-21	-28
Net Cash Flow	-0	1	-1	-0	4	-4	2	-0	2	-2	0	2
Free Cash Flow	2	-1	-8	-6	3	32	26	19	42	-35	16	26
CFO/OP	61%	23%	111%	58%	33%	108%	104%	114%	228%	-36%	193%	110%

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 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Alumina Refractories & Monolithics Segment Revenue
INR Lakhs

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xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
	xxx	xxx	xxx	xxx	xxx	xx	xxx	xxx	xxx
								xx.xx	xx.xx
								xx.xx	xx.xx

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Captive Power Generation Capacity (Thermal + Wind)
MW

Export Revenue (Outside India)
INR Lakhs

Power Generation Segment Revenue
INR Lakhs

Number of Permanent Employees
Count

Castable Product Mix (% of revenue)
% of total revenue

Proppant Product Mix (% of revenue)
% of total revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.58%	63.58%	63.58%	63.58%	63.58%	63.58%	63.58%	63.58%	63.58%	63.90%	63.90%	63.90%
	13.23%	13.30%	13.25%	13.23%	13.23%	13.23%	13.23%	13.23%	13.32%	13.36%	13.32%	13.32%
	23.18%	23.12%	23.18%	23.19%	23.19%	23.19%	23.18%	23.20%	23.10%	22.74%	22.78%	22.78%
No. of Shareholders	23,794	25,365	27,609	26,922	27,312	27,774	27,427	27,204	27,267	27,084	26,722	26,226

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	63.35%	63.56%	63.59%	61.49%	63.58%	63.58%	63.58%	63.58%	63.58%	63.90%	63.90%
	13.20%	13.23%	13.23%	13.23%	13.23%	13.23%	13.23%	13.25%	13.23%	13.32%	13.32%
	0.05%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	23.40%	23.16%	23.18%	25.28%	23.19%	23.19%	23.19%	23.18%	23.18%	22.78%	22.78%
No. of Shareholders	12,729	14,758	14,689	14,630	16,044	27,072	24,507	27,609	27,427	26,722	26,226

* 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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Orient Ceratech Ltd

Orient Ceratech Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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