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 ₹ 481 Cr.
- Current Price ₹ 40.3
- High / Low ₹ 56.6 / 30.4
- Stock P/E 22.8
- Book Value ₹ 24.4
- Dividend Yield 0.62 %
- ROCE 6.17 %
- ROE 3.54 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 22.3%
Cons
- Company has a low return on equity of 4.99% 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
Industrials Capital Goods Industrial Products Electrodes & Refractories
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 366 | 268 | 302 | 313 | 327 | 390 | |
| 290 | 250 | 276 | 278 | 295 | 347 | |
| Operating Profit | 76 | 18 | 26 | 35 | 32 | 43 |
| OPM % | 21% | 7% | 9% | 11% | 10% | 11% |
| 4 | 5 | 8 | 7 | 4 | 3 | |
| Interest | 8 | 3 | 4 | 4 | 8 | 6 |
| Depreciation | 13 | 11 | 12 | 14 | 14 | 14 |
| Profit before tax | 59 | 9 | 18 | 24 | 13 | 26 |
| Tax % | 21% | 21% | 21% | 22% | 25% | |
| 47 | 7 | 14 | 19 | 10 | 20 | |
| EPS in Rs | 3.91 | 0.57 | 1.19 | 1.59 | 0.83 | 1.65 |
| Dividend Payout % | 26% | 26% | 21% | 16% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 96% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 13% |
| 3 Years: | 18% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 172 | 236 | 248 | 264 | 271 | 280 |
| 92 | 38 | 15 | 58 | 72 | 47 | |
| 59 | 56 | 52 | 73 | 63 | 73 | |
| Total Liabilities | 335 | 341 | 327 | 406 | 418 | 412 |
| 140 | 147 | 149 | 160 | 150 | 168 | |
| CWIP | 16 | 1 | 2 | 5 | 26 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 178 | 193 | 176 | 241 | 242 | 242 | |
| Total Assets | 335 | 341 | 327 | 406 | 418 | 412 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 43 | 32 | 44 | -14 | 21 | |
| -37 | -34 | -13 | -24 | -23 | |
| -5 | 2 | -28 | 37 | 4 | |
| Net Cash Flow | 1 | -0 | 2 | -2 | 1 |
| Free Cash Flow | 6 | -6 | 29 | -37 | -4 |
| CFO/OP | 74% | 191% | 183% | -27% | 83% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 71 | 102 | 88 | 92 | 86 |
| Inventory Days | 213 | 160 | 142 | 345 | 387 |
| Days Payable | 104 | 80 | 63 | 159 | 139 |
| Cash Conversion Cycle | 180 | 183 | 167 | 277 | 334 |
| Working Capital Days | 126 | 142 | 143 | 143 | 162 |
| ROCE % | 8% | 8% | 6% |
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 ・Standalone data |
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| Installed Capacity - Alumina Refractories & Monolithics MT ・Standalone data |
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| Power Generation Capacity - Thermal MW ・Standalone data |
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| Power Generation Capacity - Wind MW ・Standalone data |
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| Production Volume - Alumina Refractories & Monolithics MT ・Standalone data |
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| Installed Capacity - Calcined Bauxite / Abrasive Grains MT ・Standalone data |
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| Overall Capacity Utilization % ・Standalone data |
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| Production Volume - Calcined Bauxite MT ・Standalone data |
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| Production Volume - Fused Aluminum Oxide Grains MT ・Standalone data |
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| Sales Volume - Bauxite Ores MT ・Standalone data |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
8 Apr - Company Secretary and Compliance Officer Seema Sharma resigned, effective 7 April 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate under 74(5) of SEBI (Depositories and Participant), Regulation, 2018 for the quarter ended 31st March, 2026.
- Closure of Trading Window 27 Mar
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
27 Mar - Ashapura acquired 1,160,000 Orient Ceratech shares (0.97%) on 24-Mar-2026; holding 9,995,136 (8.35%).
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Mar
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
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Financial Year 2012
from bse
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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.