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Orient Cement Ltd (ORIENTCEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 535754 NSE: ORIENTCEM Cement & Construction Materials | Small Cap | Orient Cement Share Price

₹134.60 -0.60 (-0.44%)

As on 04-Jun'26 16:59

Orient Cement Ltd (ORIENTCEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 535754 NSE: ORIENTCEM Cement & Construction Materials | Small Cap | Orient Cement Share Price

₹134.60 -0.60 (-0.44%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,765 Cr.
Current Price
₹134.6
52-Week Low / High
₹122 / 355
TTM EPS
₹16.4
TTM Sales
₹2,793 Cr.
Book Value per Share
₹104.4
P/E Ratio
8.19
Lower than its 5-year historical median
Industry PE
36.8
Price to Book (P/B)
1.29
Lower than its 5-year historical median
Price to Sales (P/S)
0.99
Lower than its 5-year historical median
EV/EBITDA
4.90
Lower than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
17.09%
Return on Capital Employed (ROCE)
16.45%
Return on Assets (ROA)
11.38%
Operating Profit Margin
19.5%
Net Profit Margin
12.09%
Gross Profit Margin
19.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
3.11%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
81%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
270.07%
Asset Quality
Promoter Holding
72.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,125 Cr.
Equity
₹20.6 Cr.
Face Value
₹1
All Time Low / High
₹29.60 / 379.40

Orient Cement stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Orient Cement Ltd a good quality company?
Orient Cement Ltd is a average quality company, based on a somewhat consistent 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 Cement Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Orient Cement Ltd vs industry peers?
Orient Cement Ltd revenue CAGR is %, compared to the industry median CAGR of 13.25%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Orient Cement Ltd?
Promoters hold 72.66% of the Orient Cement Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Orient Cement Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.2% 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 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 Cement Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 3%8.6%8.3%11.1%19.2%23.1%12%16.3%9.1%16.5%-

Growth Parameters

Sales 1,8752,2222,5222,4222,3242,7252,9383,1852,7092,7932,793
Sales YoY Gr.-18.5%13.5%-4%-4%17.3%7.8%8.4%-15%3.1%-
Adj EPS -1.62.22.34.210.412.86.18.44.416.716.4
YoY Gr.-NA6.9%82.3%148%22.5%-52.5%38.3%-47.6%277.8%-
BVPS (₹) 47.849.350.75463.273.977.98588104.4104.4
Adj Net
Profit
-31.944.347.486.221426212517290.4342338
Cash Flow from Ops. 259279281292714524111426205-38.6-
Debt/CF from Ops. 5.24.74.64.21.10.63.50.30.2-1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.5%3.8%-1.7%3.1%
Adj EPS NA9.8%39.9%277.8%
BVPS9.1%10.6%10.3%18.7%
Share Price -2.1% -1.1% -1.3% -61.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-3.14.44.67.917.618.5810.35.117.315.7
Op. Profit
Mgn %
9.613.812.415.823.721.712.614.111.119.519.5
Net Profit
Mgn %
-1.721.93.69.29.64.25.43.312.312.1
Debt to
Equity
1.41.31.21.10.60.20.30.1000
Working Cap
Days
66686872675063708612879
Cash Conv.
Cycle
-4515231311829385238

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,8752,2222,5222,4222,3242,7252,9383,1852,7092,793
Operating Expenses + 1,6971,9172,2102,0391,7732,1342,5732,7362,4082,248
Manufacturing Costs7247878987511,1971,5121,8771,1569401,147
Material Costs273261252320324353385459421668
Employee Cost 118138155155153152166184201162
Other Costs 581731904813100116144937845270
Operating Profit 178305312383551591365449301545
Operating Profit Margin (%) 9.5%13.7%12.4%15.8%23.7%21.7%12.4%14.1%11.1%19.5%
Other Income + 12201418181012162023
Exceptional Items 000000000-6
Interest 135129118122945138342313
Depreciation 122126133141142145147149153231
Profit Before Tax -667075137334404192281145318
Tax -342627511191416910754-19
Profit After Tax -3244488721426312317591338
PAT Margin (%) -1.7%2.0%1.9%3.6%9.2%9.7%4.2%5.5%3.4%12.1%
Adjusted EPS (₹)-1.62.22.34.210.512.96.08.54.516.4
Dividend Payout Ratio (%)-31.90%34.80%32.30%17.70%19.10%19.50%25%26.40%11.20%3%

Valuation of Orient Cement - Standalone

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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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 9791,0101,0391,1071,2941,5141,5961,7421,8052,146
Share Capital 20202020202020202121
Reserves 9599901,0181,0861,2741,4931,5761,7211,7852,125
Debt +1,2871,2631,2311,136784148233713338
Long Term Debt1,1881,1381,2261,13578414898713338
Short Term Debt991245000135000
Minority Interest0000000000
Trade Payables201200187176184231215229228474
Others Liabilities 416464471481550757833814737475
Total Liabilities 2,8832,9372,9272,9002,8122,6502,8772,8552,8033,133

Fixed Assets

Net Fixed Assets +2,2962,2512,3552,2722,2072,1152,0102,0211,9901,779
Gross Block2,4952,5742,8092,8672,9442,9903,0273,1723,2913,298
Accumulated Depreciation2003244555957378751,0171,1511,3011,519
CWIP 9815848674140140892432
Investments 0000115144114213
Inventories147164186237171187351340318229
Trade Receivables106153180162110127169224248840
Cash Equivalents 64332936364470774919
Others Assets 17317813012713212313393131221
Total Assets 2,8832,9372,9272,9002,8122,6502,8772,8552,8033,133

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 259279281292714524111426205-39
PBT -667075137334404192281145318
Adjustment 252243244248223191179177164223
Changes in Working Capital 72-22-21-63216-6-22718-48-513
Tax Paid 1-12-17-31-59-66-34-50-56-67
Cash Flow From Investing Activity + -124-149-120-73-16270-120-85-979
Capex -106-147-121-77-51-53-129-78-59-31
Net Investments -21-3-1-2-1141218-8-3936
Others 3225321113
Cash Flow From Financing Activity + -108-161-171-206-552-58635-334-136-2
Net Proceeds from Shares 0000000037
Net Proceeds from Borrowing -0-4996-60-431-491-22-130-938
Interest Paid -138-126-128-121-93-47-29-30-12-2
Dividend Paid -25-12-19-19-26-46-46-36-31-10
Others 5426-121-7-3-2133-138-4-6
Net Cash Flow 27-31-101308267-28-32

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-3.184.454.648.0717.8418.757.910.485.1417.09
ROCE (%)2.968.558.2611.0819.2123.131216.329.0616.45
Asset Turnover Ratio0.80.850.910.890.91.131.141.181.020.96
PAT to CFO Conversion(x)N/A6.345.853.363.341.990.92.432.25-0.12
Working Capital Days
Receivable Days15.6019.2022.702419.3014.1017.2021.1029.9069.90
Inventory Days22.3023.1023.9029.702921.2031.2037.1041.6035.20
Payable Days263.70280.40279.50206.90203.20214.50211176.30197.90191.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Orient Cement Ltd FAQs

The current trading price of Orient Cement on 04-Jun-2026 16:59 is ₹134.6.

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 03-Jun-2026 the market cap of Orient Cement stood at ₹2,765.5 Cr

The latest P/E ratio of Orient Cement as of 03-Jun-2026 is 8.19.

The latest P/B ratio of Orient Cement as of 03-Jun-2026 is 1.29.

The 52-week high of Orient Cement is ₹355.2 and the 52-week low is ₹122.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Cement is ₹2,793 ( Cr.) .

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

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

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

About Orient Cement Ltd

Orient Cement, part of Ambuja Cements and the diversified Adani Group, is among India’s leading cement companies. Established in 1979, Orient Cement was formerly a part of Orient Paper & Industries. It was demerged in the year 2012 and since then, it has emerged as one of the fastest-growing and leading cement manufacturers in India.

Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana. In 1997, a split-grinding unit was added at Nashirabad in Jalgaon, Maharashtra. In 2015, Orient Cement started commercial production at its integrated cement plant located at Chittapur, Gulbarga, Karnataka. With a total capacity of 8.5 MTPA, they serve Maharashtra, Telangana, Andhra Pradesh, Karnataka, and parts of Madhya Pradesh, Tamil Nadu, Kerala, Gujarat, and Chhattisgarh.

The product mix includes Pozzolana Portland Cement (PPC) and Ordinary Portland Cement (OPC) marketed under the brand name of Birla A1 – Birla A1 Premium Cement, Birla A1 StrongCrete, Birla A1 OrientGreen, and Birla A1 Dolphin.

With a focus on resilience and durability, the company has created benchmarks in the industry with the quality of its products. It is certified for QMS ISO 9001:2015, EMS ISO 14001:2015, OHSMS 45001:2015, ISO 19011:2018, ISO 50001:2011, and ISO 27001:2013. 

Orient Cement is one of only two Indian cement companies to be awarded the prestigious TPM (Total Plant Maintenance) Excellence Award by the Japan Institute of Plant Maintenance. The company has also received numerous awards for green and safety practices, including the ‘GreenPro Certification’ by CII – Green Products and Services Council for its products Birla A1 Premium Cement and Birla A1 OrientGreen.

Business area of the company

The company is primarily engaged in the manufacture and sale of Cement.

Products

  • Water-repellent Cement
  • Strong Cement
  • Green Cement
  • PPC
  • OPC 53 Grade
  • OPC 43 Grade

Awards

2012-13:

  • ‘Best Organisation Gold Award 2012’ from the Rajiv Gandhi Memorial National Awards
  • ‘11th Annual Greentech Safety Award 2012’ in silver category in the cement sector
  • Award for ‘TPM Excellence Category-A’ for the clinker grinding unit in Jalgaon

2013-14:

  • ‘Golden Peacock Occupational Health and Safety Award - 2013’ in the cement sector
  • ‘12th Annual Greentech Safety Award - 2013’ Silver category in the cement sector
  • ‘Greentech Environment Gold Award 2013’

2014-15:

  • Greentech Safety Award - 2014 Silver Category in Cement Sector
  • Mines Safety Awards - 2014
  • Highest tax paid award in Jalgaon
  • Best Safe Poject Site Award from Directorate of Factories & Boilors, Gulbarga Region.

2015-16:

  • Best Management Award from Telangana Government.
  • National Energy Management Award - 2014 from Society of Energy Engineers and Managers.
  • “Golden Peacock Environment Management Award” 2015.
  • Greentech Environment Award-2015 in GOLD category.

2016-17:

  • National Energy Management Gold Award from SEEM
  • National Award for Excellence in Energy Management 2016 from CII

2017-18:

  • Best Management Award, issued by Labour Department, Govt. of Telangana on May Day 2017
  • National Energy Management Gold Award from Society of Energy Engineers & Energy Managers (SEEM) -2016
  • National Award for Excellence in Energy Management 2017 from CII

2018-19:

  • SEEM National Energy Management Gold Award - 2017 received from Society of Energy Engineers & Managers (SEEM) at New Delhi.
  • Apex India Excellence Award 2017 in the Category of “Platinum” for Environment, “Gold” for Safety and “Gold” for Energy Efficiency received on May 29, 2018 at New Delhi.
  • Telangana Best Employer Brand Award 2018 on November 16, 2018.
  • Gold Award received from APEX for “Occupation Health and Safety 2018”

2019-20:

  • Birla.A1 Premium Cement (PPC) awarded with the ‘GreenPro Certification’ by CII - Green Products and Services Council at the 15th Green CemenTech – 2019 held in Hyderabad.
  • “EXCELLENCE IN ENERGY MANAGEMENT 2019” award as Energy Efficiency Unit by CII received at Hyderabad.
  • Unnatha Suraksha Puraskara from National Safety Council, Karnataka Chapter.
  • Apex India Environment Excellence Gold Award

2021-22:

  • The Company has been certified as “Great Place to Work” for the third consecutive year in the assessment conducted by Great Place to Work Institute. This certification denotes the “High-Trust, High-Performance Culture” in the organisation.
  • Devapur Limestone Mine won State Level 2nd prize (in Zone II Group A1) in “36th Mines Safety Week Observance 2021”.
  • Jalgaon Plant won “Apex India Safe Workplace Award 2021” by Apex India Foundation
  • Chittapur Plant recognized as winner in “Greentech Energy Conservation Award 2021”.
  • Chittapur Plant received “Unnatha Suraksha Puraskara” from Director of Factories and Boiler, Govt. of Karnataka.
2022-23:

  • The Company has been certified as a ‘Great Place to Work’ for the fourth year in a row through the assessment conducted by the Great Place to Work Institute. The Company has also made it to the list of ‘Top 100 India’s Best Companies to Work for 2023’ and gained the top position in the Cement & Building Materials industry.
  • The Company was chosen as a ‘Best Managed Company’ for the year 2022 as part of a global programme run by Deloitte, a leading global consulting firm.
  • All the three manufacturing plants (Devapur, Chittapur, Jalgaon) received several awards from government and non-government bodies, for excellence in the field of safety, environment, and energy efficiency.
2023-24:

Jalgaon Plant

  • Received “Energy Efficient Unit Award 2023” during the 24th National award for Excellence in Energy Management organised by the CII.
  • Received “Runner Up” Award for Outstanding achievement in Environmental Excellence at 23rd Annual Greentech Environment Award Summit 2023.
  • Received “Platinum Award” under the Apex India Green leaf Award 2023 for Energy Efficiency in the Cement Sector.
  • Received “Winner” Award for Outstanding achievement in Safety Excellence 23rd Annual Greentech Award Summit – 2023.
  • Received “Platinum Award” category from Apex India foundation for Occupational Health & Safety – 2023.
Devapur Plant
  • Winner of “Safety Award 2023” received from Greentech Foundation for outstanding achievements in Safety Excellence received during 21st Greentech Safety Awards and Summit 2023 held in New Delhi.
  • Winner of “23rd Greentech Environment Award 2023” for outstanding achievements in “Environmental Excellence” received in Sonmarg (J&K)
  • Received “Platinum Award” during the 14th Exceed Environment Award & Conference 2023 for outstanding achievement in Environment Preservation from Sustainable Development Foundation, A Unit of Ek Kaam Desh Ke Naam in Lucknow.
  • Received “Excellent Energy Efficiency Unit” award from CII during 24th National Award for Excellence in Energy Management 2023 in Hyderabad.
Chittapur Plant
  • CII 24th National award for Excellence in Energy Management 2023 – “Excellent Energy Efficient Unit.”
  • Winner of 23rd Greentech Environment Award 2023 for Outstanding achievements in “Environmental Excellence” received in Sonmarg (J&K)
  • 3rd National Sustainability Award on Cement & RMC – AFR Excellence.
  • CII 24th National award for Excellence in Energy Management 2023 - “National Energy Leader.”
  • Received the Unnatha Suraksh Puraskara for Best Management Systems & Safety Performance during 2021 & 2022 by National Safety Council, Karnataka Chapter
  • Winner of 2nd CEE National Environnent Excellence Award for Best Practices & New Initiatives – “Exceptional performance & outstanding achievements in CPP - COAL Below 50MW.”
2024-25:

Devapur Plant

  • Devapur Limestone Mine received 5 Star Rating award from Indian Bureau of Mines for FY 2022-23
  • Devapur Limestone Mines bagged 2nd Prize for Overall Performance in addition to the following prizes in State level Safety week function organised in Vijayawada by M/s APMDC Mangampet Berites mine
  • Received “Energy Efficient Unit” award from CII during 25th National Award for Excellence in Energy Management 2024 held at Hyderabad
  • Received Winner Award for outstanding achievements in the category “WORKPLACE SAFETY EXCELLENCE” at “22nd Greentech Global Workplace Safety Award Summit 2024' at New Delhi
  • Received Winner Award for outstanding achievements in the category “WORKPLACE SAFETY EXCELLENCE” at “22nd Greentech Global Workplace Safety Award Summit 2024' at New Delhi
Chittapur Plant
  • Recognised as Excellent Energy Efficient plant and National Energy Leader by CII during 25th National Awards at Hyderabad
  • Received Certificate of Excellence platinum award for Cement Integrated Unit at New Delhi
  • Awarded 1st prize as best work culture practice industry in Kalburgi Region
  • 2nd Runner Up under the Category Best Energy Efficient Designated Consumer (Under BEE PAT Scheme) in CII National Energy Efficiency Circle Competition 2024
  • Received overall 2nd Prize at Zonal Level under the theme Compromise Can’t Bring safety
  • Received three 1st Prize for Safety Management System, Mines Workings, Drilling & Blasting and 2nd Prize – Contractual Work vis Safety & Safety is My Responsibility card at Zonal Level under the theme Compromise Can’t Bring safety
  • Received 2nd Prize in State Level overall Performance at State Level Mines Safety Observance Week 2024
  • Received three 1st Prizes for Waste Dump Management, Systematic & Scientific Development and Best practices adopted in mines.
Jalgaon Plant
  • Orient Cement Limited, Clinker Grinding Unit - Jalgaon, received award for achieving Lowest Accident Frequency Rate & Longest AccidentFree Period in Miscellaneous group from NSC Maharashtra Chapter
  • Orient Cement Limited, Clinker Grinding Unit - Jalgaon, received “Platinum Award” at Apex India Occupational Health & Safety Award 2024 conducted by Apex India foundation

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