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Orient Ceratech Ltd (ORIENTCER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504879 NSE: ORIENTCER Refractories | Small Cap | Orient Ceratech Share Price
₹46.39 0.06 (0.13%)
As on 18-Sep'26 16:59
Orient Ceratech Ltd (ORIENTCER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504879 NSE: ORIENTCER Refractories | Small Cap | Orient Ceratech Share Price
₹46.39 0.06 (0.13%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹555 Cr.
Current Price
₹46.4
52-Week Low / High
₹33 / 57
TTM EPS
₹2.2
TTM Sales
₹406 Cr.
Book Value per Share
₹26.1
P/E Ratio
21.24
Lower than its 5-year historical median
Industry PE
53.7
Price to Book (P/B)
1.78
Higher than its 5-year historical median
Price to Sales (P/S)
1.37
In line with its 5-year historical median
EV/EBITDA
9.60
Lower than its 5-year historical median
Dividend Yield
0.54%
Profitability Efficiency
Return on Equity (ROE)
3.55%
Underperforms industry median
Return on Capital Employed (ROCE)
6.18%
Underperforms industry median
Return on Assets (ROA)
2.41%
Operating Profit Margin
9.7%
Net Profit Margin
3.03%
Gross Profit Margin
8.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.94%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.14%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-47.79%
Asset Quality
Promoter Holding
63.90%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹301 Cr.
Equity
₹12 Cr.
Face Value
₹1
All Time Low / High
₹0.08 / 72.40
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Strong
Is Orient Ceratech Ltd a good quality company?
Orient Ceratech Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Orient Ceratech Ltd performance compare with that of its Peers?
Revenue growth of Orient Ceratech Ltd vs industry peers?
Orient Ceratech Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Orient Ceratech Ltd?
Promoters hold 63.90% of the Orient Ceratech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Orient Ceratech Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3% based on the current price.
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)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| 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 ⓘ |
|||||||||||
| Sales ⓘ | 286 | 219 | 324 | 313 | 346 | 302 | 259 | 284 | 317 | 333 | 411 |
| 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 | 2 |
| 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 | 25.3 |
| Adj Net Profit ⓘ | 24.1 | 7.1 | 16.2 | 16.2 | 19.9 | 11.2 | 6.4 | 10.2 | 13.1 | 7.8 | 23 |
| 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 ⓘ
| 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 | 3% | 8.9% | 7.3% | 15.3% | ||||
Key Financial Parameters ⓘ
| 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 | 8.1 |
| Op. Profit Mgn % ⓘ | 16.8 | 9.7 | 9.7 | 12.6 | 11.3 | 10.1 | 6.3 | 7 | 8.5 | 7.1 | 8.4 |
| Net Profit Mgn % ⓘ | 8.4 | 3.3 | 5 | 5.2 | 5.8 | 3.7 | 2.5 | 3.6 | 4.1 | 2.3 | 5.7 |
| 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 | 94 |
| Cash Conv. Cycle ⓘ | 104 | 163 | 119 | 153 | 151 | 167 | 176 | 131 | 120 | 136 | 62 |
Valuation of Orient Ceratech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'11 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Sales | 366 | 268 | 302 | 313 | 327 |
| Operating Expenses ⓘ + | 290 | 250 | 276 | 278 | 295 |
| Operating Profit ⓘ | 76 | 17 | 26 | 35 | 32 |
| Operating Profit Margin (%) | 20.8% | 6.4% | 8.6% | 11.2% | 9.7% |
| Other Income ⓘ + | 4 | 6 | 8 | 3 | 4 |
| Interest ⓘ | 8 | 3 | 4 | 4 | 8 |
| Depreciation ⓘ | 13 | 11 | 12 | 14 | 14 |
| Profit Before Tax ⓘ | 59 | 9 | 18 | 24 | 13 |
| Tax ⓘ | 13 | 2 | 4 | 5 | 3 |
| Profit After Tax | 47 | 7 | 14 | 19 | 10 |
| PAT Margin (%) | 12.8% | 2.6% | 4.7% | 6.1% | 3.0% |
| Adjusted EPS (₹) | 3.9 | 0.6 | 1.2 | 1.6 | 0.8 |
| Dividend Payout Ratio (%) | 25.60% | 26.20% | 21% | 15.70% | 30.10% |
| PARTICULARS | Mar'11 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 184 | 248 | 260 | 276 | 283 | ||||||
| Debt + | 92 | 36 | 13 | 53 | 67 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 40 | 32 | 29 | 49 | 42 | ||||||
| Others Liabilities ⓘ | 18 | 25 | 25 | 29 | 26 | ||||||
| Total Liabilities ⓘ | 335 | 341 | 327 | 406 | 418 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 140 | 147 | 149 | 160 | 150 | ||||||
| CWIP ⓘ | 16 | 1 | 2 | 5 | 26 | ||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | ||||||
| Inventories | 83 | 64 | 64 | 105 | 116 | ||||||
| Trade Receivables | 71 | 75 | 73 | 79 | 77 | ||||||
| Cash Equivalents | 4 | 6 | 7 | 6 | 6 | ||||||
| Others Assets ⓘ | 21 | 48 | 32 | 52 | 43 | ||||||
| Total Assets ⓘ | 335 | 341 | 327 | 406 | 418 | ||||||
| PARTICULARS | Mar'11 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 43 | 32 | 44 | -15 | 21 |
| Cash Flow From Investing Activity ⓘ + | -37 | -34 | -13 | -24 | -23 |
| Cash Flow From Financing Activity ⓘ + | -5 | 2 | -28 | 37 | 4 |
| Net Cash Flow ⓘ | 1 | -0 | 2 | -2 | 1 |
| PARTICULARS | Mar'11 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 25.46 | 3.18 | 5.6 | 7.1 | 3.55 | |||||
| ROCE (%) | 24.35 | 4.17 | 7.86 | 9.39 | 6.18 | |||||
| Asset Turnover Ratio | 1.18 | 0.79 | 0.91 | 0.85 | 0.79 | |||||
| PAT to CFO Conversion(x) | 0.91 | 4.57 | 3.14 | -0.79 | 2.1 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 65.20 | 99.50 | 89.60 | 88.60 | 87 | |||||
| Inventory Days | 76.50 | 99.90 | 77.10 | 98.50 | 123.40 | |||||
| Payable Days | 103 | 90.70 | 66.90 | 126.50 | 150.60 | |||||
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Orient Ceratech Ltd FAQs
The current trading price of Orient Ceratech on 18-Sep-2026 16:59 is ₹46.39.
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 17-Sep-2026 the market cap of Orient Ceratech stood at ₹555.0 Cr
The latest P/E ratio of Orient Ceratech as of 17-Sep-2026 is 23.66.
The latest P/B ratio of Orient Ceratech as of 17-Sep-2026 is 1.83.
The 52-week high of Orient Ceratech is ₹56.58 and the 52-week low is ₹33.03.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Ceratech is ₹411 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Orient Ceratech Ltd is a below average quality company.
The key valuation ratios of Orient Ceratech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
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
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
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).
Products of the company
- Ceramic Raw Materials
- High Performance Castables
- Proppants
- Foundry Sands & Coatings
- Synthetic Aggregates
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