Orient Cement Ltd - Stock Valuation and Financial Performance

BSE: 535754 | NSE: ORIENTCEM | Cement & Construction Materials | Small Cap

Orient Cement Share Price

196.25 -3.65 -1.83%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Orient Cement

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Orient Cement stock performance -

mw4me loader
P/E Ratio (SA):
23.10
Market Cap:
4,020.6 Cr.
52-wk low:
104.7
52-wk high:
293.8

Is Orient Cement Ltd an attractive stock to invest in?

1. Is Orient Cement Ltd a good quality company?

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

2. Is Orient Cement Ltd undervalued or overvalued?

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

3. Is Orient Cement Ltd a good buy now?

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

10 Year X-Ray of Orient Cement:

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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.8%12.6%4.5%2.7%5.8%5.6%7.3%12.6%15.1%7.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4741,5941,5721,8752,2222,5222,4222,3242,7252,9383,173
Sales YoY Gr.-8.1%-1.4%19.2%18.5%13.5%-4%-4%17.3%7.8%-
Adj EPS 59.53-1.62.22.34.210.412.86.18.5
YoY Gr.-91.7%-68.2%-151.3%NA6.9%82.3%148%22.5%-52.5%-
BVPS (₹) 40.547.650.647.849.350.75463.273.977.982.5
Adj Net
Profit
10219461.8-31.944.347.486.2214262125174
Cash Flow from Ops. 192156268259279281292714524111-
Debt/CF from Ops. 1.77.14.85.24.74.64.21.10.63.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%5.7%6.7%7.8%
Adj EPS 2.3%23%13%-52.5%
BVPS7.6%9.6%13%5.5%
Share Price 15.5% 19.6% 26.9% 81.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.821.56.1-3.14.44.67.917.618.5810.6
Op. Profit
Mgn %
14.619.211.89.613.812.415.823.721.712.613.9
Net Profit
Mgn %
6.912.23.9-1.721.93.69.29.64.25.5
Debt to
Equity
0.41.11.21.41.31.21.10.60.20.3-
Working Cap
Days
6774836668687267506337
Cash Conv.
Cycle
953-45152313118-6

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 13.03%

Sales growth is good in last 4 quarters at 11.07%

Return on Equity has declined versus last 3 years average to 10.60%

Sales growth has been subdued in last 3 years 6.65%

Latest Financials - Orient Cement Ltd.

Standalone Consolidated
TTM EPS (₹) 8.5 -
TTM Sales (₹ Cr.) 3,173 -
BVPS (₹.) 82.5 -
Reserves (₹ Cr.) 1,669 -
P/BV 2.38 -
PE 23.10 -
From the Market
52 Week Low / High (₹) 104.70 / 293.75
All Time Low / High (₹) 29.60 / 293.75
Market Cap (₹ Cr.) 4,021
Equity (₹ Cr.) 20.5
Face Value (₹) 1
Industry PE 41.8

Management X-Ray of Orient Cement:

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 (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Orient Cement

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,4741,5941,5721,8752,2222,5222,4222,3242,7252,938
Operating Expenses 1,2591,2871,3871,6971,9172,2102,0391,7732,1342,573
Manufacturing Costs5065365567247878987511,1971,5121,877
Material Costs228188209273261252320324353385
Employee Cost 617190118138155155153152166
Other Costs 465492532581731904813100116144
Operating Profit 215307186178305312383551591365
Operating Profit Margin (%) 14.6%19.2%11.8%9.5%13.7%12.4%15.8%23.7%21.7%12.4%
Other Income 96812201418181012
Interest 141454135129118122945138
Depreciation 564778122126133141142145147
Exceptional Items 0000000000
Profit Before Tax 15325161-667075137334404192
Tax 5256-2-3426275111914169
Profit After Tax 10119562-32444887214263123
PAT Margin (%) 6.9%12.2%4.0%-1.7%2.0%1.9%3.6%9.2%9.7%4.2%
Adjusted EPS (₹)4.99.53.0-1.62.22.34.210.512.96.0
Dividend Payout Ratio (%)30%18%33%-32%35%32%18%19%19%25%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8299761,0379791,0101,0391,1071,2941,5141,596
Share Capital 20202020202020202020
Reserves 8089551,0169599901,0181,0861,2741,4931,576
Minority Interest0000000000
Debt3281,1051,2851,2871,2631,2311,136784148233
Long Term Debt451,0641,2391,1881,1381,2261,13578414898
Short Term Debt2824046991245000135
Trade Payables86110194201200187176184231215
Others Liabilities 319375380416464471481550757833
Total Liabilities 1,5612,5662,8962,8832,9372,9272,9002,8122,6502,877

Fixed Assets

Gross Block1,2931,3172,2852,4952,5742,8092,8672,9442,9903,027
Accumulated Depreciation468519782003244555957378751,017
Net Fixed Assets8267982,2072,2962,2512,3552,2722,2072,1152,010
CWIP 2611,2302399815848674140140
Investments 0000000115144
Inventories71110135147164186237171187351
Trade Receivables658292106153180162110127169
Cash Equivalents 82433864332936364470
Others Assets257302186173178130127132123133
Total Assets 1,5612,5662,8962,8832,9372,9272,9002,8122,6502,877

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 192156268259279281292714524111
PBT 15325161-667075137334404192
Adjustment 6659130252243244248223191179
Changes in Working Capital 27-1019172-22-21-63216-6-227
Tax Paid -54-53-141-12-17-31-59-66-34
Cash Flow From Investing Activity -279-922-371-124-149-120-73-16270-120
Capex -330-922-372-106-147-121-77-51-53-129
Net Investments 0-10-21-3-1-2-1141218
Others 50113225321
Cash Flow From Financing Activity 9272798-108-161-171-206-552-58635
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1031,0191780-4996-60-431-491-78
Interest Paid -15-14-60-138-126-128-121-93-47-29
Dividend Paid -56-31-25-25-12-19-19-26-46-46
Others 267-24855426-121-7-3-2188
Net Cash Flow 5-40-527-31-10130826
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.7421.596.2-3.184.454.648.0717.8418.757.9
ROCE (%)16.2516.395.232.968.558.2611.0819.2123.1312
Asset Turnover Ratio1.190.880.660.80.850.910.890.91.131.14
PAT to CFO Conversion(x)1.90.84.32N/A6.345.853.363.341.990.9
Working Capital Days
Receivable Days15151816192324191417
Inventory Days17182522232430292131
Payable Days130190266264280279207203215211

Orient Cement Ltd Stock News

Orient Cement Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Orient Cement on 28-Mar-2024 16:01 is ₹196.2.
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 28-Mar-2024 16:01 the market cap of Orient Cement stood at ₹4,020.6.
The latest P/E ratio of Orient Cement as of 28-Mar-2024 16:01 is 23.10.
The latest P/B ratio of Orient Cement as of 28-Mar-2024 16:01 is 2.38.
The 52-week high of Orient Cement is ₹293.8 and the 52-week low is ₹104.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Cement is ₹3,173 ( Cr.) .

About Orient Cement Ltd

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

Business area of the company

The Company is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.

Products

Birla.A1 StrongCrete: Birla.A1 StrongCrete is a specially engineered cement for concrete applications such as foundation, beams, columns and slabs.

Birla .A1 Premium Cement: Birla .A1 Premium Cement is manufactured by the inter-grinding of clinker, gypsum and very fine-grained highly reactive fly ash. Its biggest advantage is uniform particle size distribution which gives greater strength, and helps achieve higher density with lower porosity in concrete made from it, leading to increased durability.

Birla .A1 Premium Cement: OPC 53 Grade: One of the pioneers of 53-Grade Cement in India, Orient Cement opened up a whole new dimension in building construction with the launch of Orient Gold 53-Grade Cement in 1992.

Birla .A1 Premium Cement: OPC 43 Grade: Originally named Orient 43 Grade Cement, it was amongst the earliest successes of Orient Cement paving the way for the others to follow.

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
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.