Orient Cement Ltd.

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orientcement.comBSE: 535754NSE: ORIENTCEM

Market Cap₹ 2,592 Cr.

Current Price

High / Low₹ 237 / 122

Stock P/E12.4

Book Value₹ 108

Price to Book1.17

Dividend Yield0.40 %

ROCE16.4 %

ROE17.1 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Construction Materials

Buy

Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.

Confidence

69%

View full sector analysis →

PROS

Company is almost debt free
Promoters have been increasing their shareholding - up 34.8pp over 2 years
Company has consistently been profitable over the last 5 years
Operating margins have improved to 19.2% from 11.6%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.98x)

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 54.7% versus prior year
Working capital days have increased from 25 to 78 days
Company has delivered a poor sales growth of 3.7% over past five years
Company has delivered a poor profit growth of 9.5% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsConstruction MaterialsCement & Construction Materials

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	ULTRACEMCO	10896.00	37.60	321082.42	2.20	2603.72	17.24	24648.20	15.85	13.25	20.35
2.	AMBUJACEM	396.05	22.49	98411.18	0.51	660.00	-31.93	9500.00	-7.67	6.24	16.78
3.	SHREECEM	22911.30	50.71	82665.68	0.65	531.12	-17.48	6233.13	18.03	10.61	20.41
4.	JKCEMENT	4989.80	40.78	38555.31	0.40	274.62	-15.31	4031.72	20.26	14.89	16.07
5.	DALBHARAT	1734.10	34.86	32525.81	0.52	192.00	-51.39	3890.00	6.99	8.15	20.69
6.	ACC	1257.80	12.37	23619.88	0.60	147.00	-60.84	5808.00	-4.59	11.60	7.90
7.	RAMCOCEM	865.45	31.71	20449.92	0.29	31.24	-63.06	2273.05	9.60	10.75	13.49
8.	JSWCEMENT	120.85	21.67	16476.27	0.41	153.43	111.23	1896.41	21.58	-4.21	16.41
9.	NUVOCO	335.15	31.01	11970.09	0.00	159.63	19.88	3128.71	8.91	7.11	18.16
10.	INDIACEM	351.65	117.82	10897.54	0.00	26.85	120.20	1019.42	-0.52	0.30	15.28
11.	STARCEMENT	191.50	20.94	7740.05	0.52	73.91	-24.71	942.89	3.39	8.42	20.63
12.	ORIENTCEM	126.15	12.38	2591.88	0.40	77.00	-62.51	604.00	-30.29	16.45	23.84

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	825	721	751	888	696	544	643	825	866	643	636	647	604
	726	634	636	740	600	500	585	722	684	478	546	539	506
Operating Profit	99	87	115	148	96	44	58	103	183	165	90	108	98
OPM %	12.02%	12.01%	15.36%	16.68%	13.79%	8.13%	9.03%	12.49%	21.07%	25.70%	14.09%	16.66%	16.23%
	4	2	2	8	6	4	3	8	2	12	-4	6	5
Interest	10	9	8	8	6	6	6	6	3	3	2	5	3
Depreciation	37	37	38	38	39	39	38	37	37	101	48	45	43
Profit before Tax	57	42	72	110	58	3	17	68	144	74	36	64	103
Tax %	35.27%	41.95%	37.32%	38.01%	36.62%	25.64%	38.81%	38.01%	-42.25%	33.37%	23.25%	13.45%	25.24%
Net Profit	37	25	45	68	37	2	10	42	205	49	28	55	77
	1.81	1.20	2.20	3.33	1.79	0.11	0.49	2.05	10.00	2.39	1.35	2.70	3.76

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,875	2,222	2,522	2,422	2,324	2,725	2,938	3,185	2,709	2,793	2,531
	1,697	1,917	2,210	2,039	1,773	2,134	2,573	2,736	2,408	2,248	2,070
Operating Profit	178	305	312	383	551	591	365	449	301	545	461
OPM %	9.50%	13.73%	12.37%	15.81%	23.69%	21.69%	12.41%	14.10%	11.12%	19.53%	18.21%
	12	20	14	18	18	10	12	16	20	17	20
Interest	135	129	118	122	94	51	38	34	23	13	13
Depreciation	122	126	133	141	142	145	147	149	153	231	237
Profit before Tax	-66	70	75	137	334	404	192	281	145	318	277
Tax %	51.72%	36.85%	36.42%	36.98%	35.80%	34.84%	36.02%	37.87%	37.28%	-6.09%	24.42%
Net Profit	-32	44	48	87	214	263	123	175	91	338	209
EPS	-1.57	2.16	2.32	4.23	10.45	12.85	5.99	8.53	4.45	16.44	—
Dividend Payout %	-31.91%	34.75%	32.31%	17.74%	19.13%	19.46%	25.02%	26.36%	11.24%	3.04%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 4%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 10%
3 Years:: 40%

STOCK PRICE CAGR

10 Years:: -4%
5 Years:: -5%
3 Years:: -12%
1 Year:: -43%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 12%
3 Years:: 11%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20	20	20	20	20	20	20	20	21	21
	959	990	1,018	1,086	1,274	1,493	1,576	1,721	1,785	2,125
	1,335	1,311	1,286	1,219	784	166	266	135	98	104
Trade Payables	201	200	187	176	184	231	215	229	228	474
	368	416	416	398	550	739	800	750	672	410
Total Liabilities	2,883	2,937	2,927	2,900	2,812	2,650	2,877	2,855	2,803	3,133
	2,296	2,251	2,355	2,272	2,207	2,115	2,010	2,021	1,990	1,779
Capital Work in Progress	98	158	48	67	41	40	140	89	24	32
	0	0	0	0	115	14	4	11	42	13
	147	164	186	237	171	187	351	340	318	229
	0	0	0	0	0	127	169	224	248	840
Cash & Bank	64	33	29	36	36	44	70	77	49	19
	279	331	310	289	242	123	133	93	131	221
Total Assets	2,883	2,937	2,927	2,900	2,812	2,650	2,877	2,855	2,803	3,133

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	258	291	298	323	773	524	111	426	205	-39
Cash from Investing	-124	-149	-120	-73	-162	70	-120	-85	-97	9
Cash from Financing	-108	-161	-171	-206	-552	-586	35	-334	-136	-2
	27	-31	-10	13	0	8	26	7	-28	-32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	37.90	37.90	37.86	37.86	72.66	72.66	72.66	72.66	72.66
	6.96	6.75	6.76	8.41	6.65	5.92	4.14	4.70	4.12
	16.62	16.78	15.81	13.30	2.95	2.17	1.81	1.97	2.17
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.51	38.56	39.58	40.42	17.74	19.25	20.97	20.67	21.04

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-29

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-29 - Orient Cement limited has informed the exchange regarding interaction with Investor / Analysts on September 03, 2026.

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Orient Cement Limited has informed the exchange about Copy of Newspaper Publication intimating completion of dispatch of notice of National Company Law Tribunal (NCLT) convened meeting.

2026-08-26

Shareholders meeting

2026-08-26 - Orient Cement Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on September 28, 2026

2026-08-25

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - Orient Cement Limited has informed the exchange about interaction with Investors / Analysts on September 7, 2026, September 8, 2026 and September 9, 2026.

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Orient Cement Limited has informed the Exchange about Schedule of meet

2026-08-11

Structural Digital Database

2026-08-11 - Submission of SDD Compliance Certificate under Regulations 3(5) and 3(6) of the SEBI PIT Regulations, 2015.

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - Orient Cement Limited has informed the Exchange about the transcript of earning call held on July 28, 2026, pertaining to unaudited Financial Results of the company for the quarter ended June 30, 2026.

2026-07-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-28 - Orient Cement Limited has informed the Exchange about Link of Audio Recording of Investor / Analyst call held on 28 July, 2026.

2026-07-28

Investor Presentation

2026-07-28 - Orient Cement Limited has informed the Exchange about Investor Presentation

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