Is Orient Ceratech Ltd (ORIENTCER) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Orient Ceratech Ltd is a below average quality company .

Is Orient Ceratech Ltd (ORIENTCER) undervalued or overvalued?

The key valuation ratios of Orient Ceratech Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Orient Ceratech Ltd (ORIENTCER) share price return in the past 10 years?

Orient Ceratech Ltd share price has declined -1% annually (CAGR) over the past ten years.

Is Orient Ceratech Ltd (ORIENTCER) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Orient Ceratech Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Orient Ceratech Ltd (ORIENTCER)?

Company share prices are keep on changing according to the market conditions. The current trading price of Orient Ceratech Ltd (ORIENTCER) on 21-Apr-2026 13:03:00 at 13:03 is 42.25.

What is the market cap of Orient Ceratech Ltd (ORIENTCER)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Apr-2026 at 13:03, the market cap of Orient Ceratech stood at Rs. 498.06 Cr.

What is the P/E ratio of Orient Ceratech?

The latest standalone P/E ratio of Orient Ceratech as of 21-Apr-2026 is 30.44.

What is the P/B ratio of Orient Ceratech Ltd (ORIENTCER)?

The latest standalone P/B ratio of Orient Ceratech Ltd (ORIENTCER) as of 21-Apr-2026 is 1.72.

What is the 52-week high and low of Orient Ceratech Ltd (ORIENTCER)?

The 52-week high of Orient Ceratech Ltd (ORIENTCER) is Rs. 56.58 and the 52-week low is Rs. 33.16.

What is the TTM revenue of Orient Ceratech Ltd (ORIENTCER)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Ceratech is Rs. 396.00 (Cr.).

Orient Ceratech Ltd (ORIENTCER) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Orient Ceratech Ltd (ORIENTCER)
Brand: Orient Ceratech

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	20.5%	6.3%	10.2%	10.8%	12%	7.8%	4.3%	7.1%	8.8%	6%	-
Value Creation Index ⓘ	0.5	-0.6	-0.3	-0.2	-0.1	-0.4	-0.7	-0.5	-0.4	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	286	219	324	313	346	302	259	284	317	333	396
Sales YoY Gr.	-	-23.6%	47.8%	-3.3%	10.5%	-12.6%	-14.4%	9.7%	11.7%	4.9%	-
Adj EPS ⓘ	2	0.6	1.4	1.4	1.7	0.9	0.5	0.9	1.1	0.7	1.4
YoY Gr.	-	-70.7%	128.8%	0%	23.7%	-44.3%	-43%	60.4%	28.2%	-40.4%	-
BVPS (₹) ⓘ	14.7	15.2	16.3	17.4	19.4	20.2	20.7	21.6	22.8	23.4	24.2
Adj Net Profit ⓘ	24.1	7.1	16.2	16.2	19.9	11.2	6.4	10.2	13.1	7.8	16
Cash Flow from Ops. ⓘ	8.9	21.6	14.3	9.9	40.8	29.5	17	41.6	-15.1	40.3	-
Debt/CF from Ops. ⓘ	4.1	2.5	4.3	7.7	1.3	1	2.2	0.4	-3.8	1.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.7%	-0.8%	8.7%	4.9%
Adj EPS ⓘ	-11.8%	-17.2%	7%	-40.4%
BVPSⓘ	5.3%	3.7%	4.1%	2.6%
Share Price	-1%	15%	19.5%	22.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	14.6	4	8.4	7.7	8.9	4.7	2.6	4	4.9	2.8	5.8
Op. Profit Mgn % ⓘ	16.8	9.7	9.7	12.6	11.3	10.1	6.3	7	8.5	7.1	7.4
Net Profit Mgn % ⓘ	8.4	3.3	5	5.2	5.8	3.7	2.5	3.6	4.1	2.3	4.1
Debt to Equity ⓘ	0.2	0.3	0.3	0.4	0.2	0.1	0.2	0.1	0.2	0.2	-
Working Cap Days ⓘ	172	287	239	255	226	252	302	278	280	280	96
Cash Conv. Cycle ⓘ	104	163	119	153	151	167	176	131	120	136	61

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.80%

Sales growth is good in last 4 quarters at 22.18%

Sales growth has been subdued in last 3 years 8.73%

Net Profit has been subdued in last 3 years 7.04%

	Standalone	Consolidated
TTM EPS (₹)	1.4	1.6
TTM Sales (₹ Cr.)	396	390
BVPS (₹) ⓘ	24.2	24.8
Reserves (₹ Cr.) ⓘ	278	284
P/BV ⓘ	1.72	1.68
PE ⓘ	30.44	25.33

From the Market
52 Week Low / High (₹)	33.16 / 56.58
All Time Low / High (₹)	0.08 / 72.40
Market Cap (₹ Cr.)	498
Equity (₹ Cr.)	12
Face Value (₹)	1
Industry PE ⓘ	42.7

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	286	219	324	313	346	302	259	284	317	333
Operating Expenses ⓘ +	239	198	292	274	307	272	243	264	290	309
Manufacturing Costs	100	75	95	95	91	75	43	36	76	83
Material Costs	73	75	139	122	150	135	148	181	162	158
Employee Cost	22	23	26	26	33	30	22	16	19	24
Other Costs ⓘ	44	25	32	31	33	32	30	30	32	44
Operating Profit ⓘ	47	21	31	39	39	31	16	20	27	24
Operating Profit Margin (%)	16.6%	9.6%	9.6%	12.3%	11.3%	10.1%	6.1%	7.0%	8.5%	7.1%
Other Income ⓘ +	2	1	4	2	8	2	6	9	6	7
Exceptional Items ⓘ	0	0	0	0	-1	0	0	0	4	0
Interest ⓘ	3	5	6	9	9	6	3	4	4	7
Depreciation ⓘ	9	8	10	11	10	11	10	10	10	11
Profit Before Tax ⓘ	37	9	19	21	26	16	9	16	22	13
Tax ⓘ	13	2	2	5	6	5	2	3	5	3
Profit After Tax	24	7	17	16	21	11	7	13	17	10
PAT Margin (%)	8.3%	3.2%	5.3%	5.2%	5.9%	3.8%	2.7%	4.5%	5.4%	2.9%
Adjusted EPS (₹)	2.0	0.6	1.4	1.4	1.7	1.0	0.6	1.1	1.4	0.8
Dividend Payout Ratio (%)	13%	43%	18%	18%	9%	16%	26%	24%	17%	31%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	175	182	195	208	233	242	248	259	272	279
Share Capital ⓘ	12	12	12	12	12	12	12	12	12	12
Reserves ⓘ	163	170	183	196	221	230	236	247	260	267
Debt +	36	52	57	72	50	27	36	13	53	41
Long Term Debt	0	6	13	11	7	2	0	6	15	11
Short Term Debt	36	47	44	61	43	25	36	7	39	30
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	37	66	68	40	34	37	27	26	44	32
Others Liabilities ⓘ	27	37	38	41	32	34	24	23	27	24
Total Liabilities ⓘ	275	337	359	361	348	340	334	321	396	377
Fixed Assets
Net Fixed Assets ⓘ +	95	90	134	126	129	122	110	100	111	103
Gross Block	208	211	264	250	259	259	252	252	273	275
Accumulated Depreciation	113	121	130	124	130	137	142	151	161	172
CWIP ⓘ	6	34	1	3	1	0	0	0	3	25
Investments ⓘ	0	0	0	0	0	0	0	0	5	5
Inventories	71	111	105	112	83	77	60	57	78	92
Trade Receivables	81	72	84	82	93	104	75	69	79	77
Cash Equivalents	3	2	6	12	10	8	6	6	5	5
Others Assets ⓘ	19	28	30	26	32	28	84	88	115	70
Total Assets ⓘ	275	337	359	361	348	340	334	321	396	377

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	9	22	14	10	41	30	17	42	-15	40
PBT ⓘ	37	9	19	21	26	16	9	16	22	13
Adjustment ⓘ	11	15	14	23	20	17	9	7	5	13
Changes in Working Capital ⓘ	-37	-1	-16	-31	2	-1	1	22	-37	20
Tax Paid ⓘ	-2	-2	-4	-3	-7	-2	-2	-4	-5	-6
Cash Flow From Investing Activity ⓘ +	-9	-31	-22	-10	-11	3	-20	-11	-24	-19
Capex	-10	-30	-20	-7	-9	-4	2	0	-20	-24
Net Investments	-0	-1	-2	-3	-3	6	2	1	-7	1
Others ⓘ	1	-0	0	0	0	1	-24	-12	3	4
Cash Flow From Financing Activity ⓘ +	1	9	7	4	-34	-30	3	-28	37	-21
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	6	11	-2	-4	-6	-4	-2	-2	-4
Interest Paid ⓘ	-3	-4	-5	-8	-8	-5	-2	-3	-3	-6
Dividend Paid ⓘ	-4	-4	-3	-4	-4	-2	-2	-2	-3	-3
Others ⓘ	8	10	5	17	-18	-18	11	-21	45	-8
Net Cash Flow ⓘ	1	-1	-0	4	-4	2	-0	2	-2	0

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	14.28	3.92	9	8.02	9.33	4.79	2.87	4.99	6.44	3.49
ROCE (%)	20.47	6.25	10.19	10.76	12.04	7.79	4.26	7.08	8.79	5.97
Asset Turnover Ratio	1.24	0.79	0.94	0.87	0.98	0.88	0.77	0.87	0.88	0.86
PAT to CFO Conversion(x)	0.38	3.14	0.82	0.63	1.95	2.73	2.43	3.23	-0.88	4
Working Capital Days
Receivable Days	68	115	87	97	92	119	127	93	85	86
Inventory Days	81	137	120	126	103	97	96	75	78	93
Payable Days	145	250	177	162	89	96	78	53	79	87

About Orient Ceratech Ltd

Orient Ceratech (formerly known as ‘Orient Abrasives Limited’) is a public limited company domiciled in India and incorporated on November 12, 1971 under the provisions of the Companies Act. The registered office of the company is located at Mumbai. The equity shares of the Company are listed on Bombay Stock Exchange (BSE) as well as National Stock Exchange (NSE). Orient Ceratech was acquired in 2015 by the Ashapura Group of Industries. With its extensive Bauxite mine integration and captive resources of premium raw material, the company has grown significantly over the years to become India's largest producer of Ceramic Proppants, High Performance Castables, and Refractory Raw Materials. With ISO 9001 certification and strong management, the company is recognized for its quality offerings worldwide.

The company is principally engaged in the business of production and trading of aluminum refractories and monolithics products, mining of bauxite ores and generation of power (including windmill facilities). Its comprehensive range of refractory raw materials and castables products caters to industries such as Iron & Steel making, Refractory, Abrasives, Roads & Constructions, Foundry, and Ferroalloy, having a large domestic and international clientele. Supported by an in-house R&D facility, it continually innovates and enhances its product offerings, ensuring superior product development and technical services for continuous improvement. Using high-quality in-house raw materials, Orient Ceratech is the preferred choice for quality products. Orient Ceratech's global footprint extends across Europe, the Middle East, Africa, Asia, and Australia. Its distribution networks and clientele span China, UAE, Guinea, Belgium, Oman, South Korea, Malaysia, and Indonesia. It prides itself on being the preferred choice for quality products worldwide.

Business area of the company

Products of the company

Ceramic Raw Materials
High Performance Castables
Proppants
Foundry Sands & Coatings
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Orient Ceratech Ltd (ORIENTCER) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Orient Ceratech Share Price