Orient Ceratech Ltd (ORIENTCER) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 504879 | NSE: ORIENTCER | Refractories | Small Cap

Orient Ceratech Share Price

45.64 0.34 0.75%
as on 05-Dec'25 14:00

Orient Ceratech Ltd (ORIENTCER) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 504879 | NSE: ORIENTCER | Refractories | Small Cap

DeciZen - make an informed investing decision on Orient Ceratech

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Orient Ceratech stock performance -

Key Ratios
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P/E Ratio (SA):
37.42
Market Cap:
542 Cr.
52-wk low:
28.9
52-wk high:
57.4

Is Orient Ceratech Ltd an attractive stock to invest in?

1. Is Orient Ceratech Ltd 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.

2. Is Orient Ceratech Ltd 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.

3. Is Orient Ceratech Ltd a good buy now?

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

10 Year X-Ray of Orient Ceratech:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Orient Ceratech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
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 286219324313346302259284317333376
Sales YoY Gr.--23.6%47.8%-3.3%10.5%-12.6%-14.4%9.7%11.7%4.9%-
Adj EPS 20.61.41.41.70.90.50.91.10.71.2
YoY Gr.--70.7%128.8%0%23.7%-44.3%-43%60.4%28.2%-40.4%-
BVPS (₹) 14.715.216.317.419.420.220.721.622.823.423.9
Adj Net
Profit
24.17.116.216.219.911.26.410.213.17.814
Cash Flow from Ops. 8.921.614.39.940.829.51741.6-15.140.3-
Debt/CF from Ops. 4.12.54.37.71.312.20.4-3.81.1-

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%
BVPS5.3%3.7%4.1%2.6%
Share Price 1.7% 14.5% 16.1% -3.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.648.47.78.94.72.644.92.85.1
Op. Profit
Mgn %
16.89.79.712.611.310.16.378.57.16.8
Net Profit
Mgn %
8.43.355.25.83.72.53.64.12.33.9
Debt to
Equity
0.20.30.30.40.20.10.20.10.20.20
Working Cap
Days
17228723925522625230227828028096
Cash Conv.
Cycle
10416311915315116717613112013661

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.10%

Sales growth is good in last 4 quarters at 13.37%

Sales growth has been subdued in last 3 years 8.73%

Net Profit has been subdued in last 3 years 7.04%

Latest Financials - Orient Ceratech Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 1.4
TTM Sales (₹ Cr.) 376 371
BVPS (₹.) 23.9 24.4
Reserves (₹ Cr.) 274 280
P/BV 1.90 1.86
PE 37.42 31.96
From the Market
52 Week Low / High (₹) 28.93 / 57.40
All Time Low / High (₹) 0.08 / 72.40
Market Cap (₹ Cr.) 542
Equity (₹ Cr.) 12
Face Value (₹) 1
Industry PE 42.8

Management X-Ray of Orient Ceratech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Orient Ceratech - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Orient Ceratech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales286219324313346302259284317333
Operating Expenses 239198292274307272243264290309
Manufacturing Costs100759595917543367683
Material Costs7375139122150135148181162158
Employee Cost 22232626333022161924
Other Costs 44253231333230303244
Operating Profit 47213139393116202724
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 2142826967
Interest 3569963447
Depreciation 981011101110101011
Exceptional Items 0000-100040
Profit Before Tax 379192126169162213
Tax 13225652353
Profit After Tax 247171621117131710
PAT Margin (%) 8.2%3.2%5.3%5.2%5.9%3.8%2.7%4.4%5.4%2.9%
Adjusted EPS (₹)2.00.61.41.41.71.00.61.11.40.8
Dividend Payout Ratio (%)13%43%18%18%9%16%26%24%17%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 175182195208233242248259272279
Share Capital 12121212121212121212
Reserves 163170183196221230236247260267
Minority Interest0000000000
Debt36525772502736135341
Long Term Debt06131172061511
Short Term Debt3647446143253673930
Trade Payables37666840343727264432
Others Liabilities 27373841323424232724
Total Liabilities 275337359361348340334321396377

Fixed Assets

Gross Block208211264250259259252252273275
Accumulated Depreciation113121130124130137142151161172
Net Fixed Assets 9590134126129122110100111103
CWIP 634131000325
Investments 0000000055
Inventories71111105112837760577892
Trade Receivables817284829310475697977
Cash Equivalents 326121086655
Others Assets 192830263228848811570
Total Assets 275337359361348340334321396377

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 922141041301742-1540
PBT 379192126169162213
Adjustment 11151423201797513
Changes in Working Capital -37-1-16-312-1122-3720
Tax Paid -2-2-4-3-7-2-2-4-5-6
Cash Flow From Investing Activity -9-31-22-10-113-20-11-24-19
Capex -10-30-20-7-9-420-20-24
Net Investments -0-1-2-3-3621-71
Others 1-00001-24-1234
Cash Flow From Financing Activity 1974-34-303-2837-21
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0611-2-4-6-4-2-2-4
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 810517-18-1811-2145-8
Net Cash Flow 1-1-04-42-02-20

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.283.9298.029.334.792.874.996.443.49
ROCE (%)20.476.2510.1910.7612.047.794.267.088.795.97
Asset Turnover Ratio1.240.790.940.870.980.880.770.870.880.86
PAT to CFO Conversion(x)0.383.140.820.631.952.732.433.23-0.884
Working Capital Days
Receivable Days68115879792119127938586
Inventory Days811371201261039796757893
Payable Days145250177162899678537987

Orient Ceratech Ltd Stock News

Orient Ceratech Ltd FAQs

The current trading price of Orient Ceratech on 05-Dec-2025 14:00 is ₹45.64.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Orient Ceratech stood at ₹542.0.
The latest P/E ratio of Orient Ceratech as of 04-Dec-2025 is 37.42.
The latest P/B ratio of Orient Ceratech as of 04-Dec-2025 is 1.90.
The 52-week high of Orient Ceratech is ₹57.40 and the 52-week low is ₹28.93.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Ceratech is ₹375.7 ( Cr.) .

About Orient Ceratech Ltd

Orient Abrasives was set up in 1974, in technical collaboration with Karborundum, Bentueky, Czechoslovakia by the Rajgarhia group of industries as a venture to manufacture Calcined and Fused Alumina products.

The company enjoys the position of being the largest producer of Calcined and Fused Products in India. An ISO 9001 certification and a strong management have led the way for the Company to become a large organization, recognized for its quality offerings.

The company offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele. An in-house R&D facility supports the division’s product development initiatives. This makes OAL the preferred choice for quality products.

Headquartered in New Delhi, India, OAL's manufacturing facilities are located in Porbandar, Gujarat and Bhiwadi, Rajasthan and have the distinction of being ISO - 9001 quality certified.

The Porbandar facility began commercial production in 1974. The plant was setup in technical collaboration with Karborundum Bentueky, Czechoslovakia and is the largest producer of synthetic high alumina materials in India, today.

The current installed capacity of the plant for Fused Aluminum Oxide Grains is 21,000 MT and for Calcined products is 74,250 MT. The company is currently in the process of increasing the installed capacity of Fused Aluminum Grains to 36,000 MT. Currently the plant draws the majority of its power requirements from two furnace oil based captive generator sets. In light of the rising cost of furnace oil the management is setting up a lignite based power plant to meet its current and future power requirements.

The refractory manufacturing facility is based in Bhiwadi, Rajasthan which is located in close proximity to New Delhi. This facility began commercial production in 1986. The division also has an allied plant based in Salem, Tamil Nadu for manufacturing monolithics and some castables are manufactured at the Porbandar, Gujarat plant.

The Bhiwadi facility is spread over 27 acres of land. The refractory facility is divided into 3 independent sub-divisions one each for the manufacture of slide gate plates, continuous casting refractories and castables and pre-cast shapes. The division currently produces more than 20,000 pieces of slide gate plate, 18,000 pieces of Continuous Casting Refractory products and over 2000 tonnes of catables and mortars on a monthly basis.

All the products manufactured by the company are a result of an intensive development effort, which is carried out at the in-house Research and Development facility. This research and development facility is recognised by the Government of India and is fully equipped to carry out all testing and development activities with a wide range of equipment including:

  • XRD Equipment
  • TG – DTA
  • Dialotometer – RTE
  • Thermal Conductivity Apparatus
  • Creep Tester
  • HOMR testing equipment

The key Indian customers procuring the raw materials from the company include:

  • Grinding wheel manufacturers including Grindwell Norton (Saint Gobain Abrasives) and Carborundum Universal;
  • Refractory manufacturers including Bharat Refractories, Tata Refractories, OCL India, Vesuvius India, Orissa Industries, ACE Refractories, VRW Refarctories, SKG Refractories, IFGL, Sarvesh Refractories and Maithan Ceramics.
  • OAL refractory customers include large domestic integrated steel producers and mini steel plants that include Steel Authority of India, Mukund Steel, Tata Iron and Steel Company, RINL – Vizag, Sunflag Iron, Lloyd Steel, Essar Steel and the Jindal Group. With close to 100 small to medium sized iron and steel producing Indian companies as customers, OAL is a preferred vendor for a large number of steel producers in the country.

OAL has significant presence in the global market place with exports to over 16 countries across the globe including Spain, Turkey, Egypt, Indonesia, Saudi Arabia, Thailand and Greece.

Orient Abrasives Limited, manufacturer of Refractories and Raw Materials for bonded and coated abrasive products, refractories, castables and mortar is committed to be responsive to the customer needs for their success in the market.

Product range of the company includes:

High Alumina Raw Material

  • Calcined Bauxite
  • Brown Fused Alumina
  • White Fused Alumina
  • Pink Fused Alumina
  • White Fused Mullite
  • High Alumina Refractory Cement
  • Zirconia Mullite (Zirmul)
  • Alumina Magnesia

Refractory and Monolithics

  • Isostatically Pressed Continuous Casting Refractories
  • Slide Gate Plates
  • Nozzles and Well Blocks
  • Tundish Nozzles
  • Bottom Purging Refractories and Top Purging Lances
  • Slag Arresting Darts
  • Basic Spray Mass for Tundish Working Lining
  • Castables  

Awards /Achievements

Recipient of IRMA award for Excellence in Export Performance for the year 2006-07 and IRMA award for Excellence in Performance for the year 2006-07

The company has also received ISO 9001 certficate.

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