Orient Ceratech Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Refractories and Monolithics: 98.3% • Power Generation: 1.7%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Latest quarter profit grew 89.6% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.70x)
- Company has been maintaining a healthy dividend payout of 31.1%
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
- Company has a consistent dividend-paying track record
CONS
- A large part of profit comes from other income (52.2% of PBT)
- Company has a low return on equity of 5.0% over last 3 years
- Company has a low return on capital employed of 7.3%
- Company's sales have been declining over the last five years
- Company has delivered a poor profit growth of -14.1% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| VESUVIUS | 416.70 | 33.02 | 8457.38 | 0.36 | 58.51 | -7.13 | 536.17 | 2.41 | 23.15 | 16.16 |
| RPEL | 1743.30 | 127.68 | 8005.57 | 0.06 | 19.57 | 67.60 | 86.91 | 48.72 | 31.26 | 29.62 |
| RHIM | 379.25 | 0.00 | 7831.57 | 0.66 | 64.61 | 83.19 | 1013.97 | 5.59 | -6.95 | 13.58 |
| IFGLEXPOR | 212.75 | 37.45 | 1533.47 | 1.01 | 170.60 | 1478.17 | 5123.70 | 1028.54 | 4.62 | 7.22 |
| ORIENTCER | 46.74 | 21.40 | 559.19 | 0.75 | 8.57 | 99.19 | 100.65 | 2.23 | 6.18 | 16.11 |
| DALMIAREF | 112.50 | 5.17 | 35.46 | 0.89 | — | — | — | — | 5.89 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 69 | 83 | 80 | 84 | 100 | 73 | 74 | 86 | 100 | 116 | 95 | 95 | 106 | |
| 64 | 75 | 74 | 78 | 93 | 68 | 69 | 80 | 94 | 107 | 86 | 89 | 99 | |
| Operating Profit | 5 | 8 | 6 | 7 | 6 | 5 | 5 | 6 | 6 | 9 | 9 | 6 | 7 |
| OPM % | 7.25% | 10.21% | 7.45% | 7.78% | 6.45% | 6.59% | 7.15% | 6.94% | 5.61% | 7.63% | 9.31% | 6.59% | 6.90% |
| 4 | 1 | 4 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 1 | 7 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 2 |
| Profit before Tax | 6 | 6 | 6 | 5 | 4 | 2 | 3 | 4 | 4 | 8 | 6 | 6 | 10 |
| Tax % | 26.41% | 23.68% | 21.72% | 19.70% | 26.48% | 28.86% | 25.93% | 21.86% | 25.36% | 25.43% | 25.95% | 17.78% | 20.14% |
| Net Profit | 4 | 4 | 5 | 4 | 3 | 2 | 2 | 3 | 3 | 6 | 4 | 5 | 6 |
| 0.35 | 0.37 | 0.39 | 0.31 | 0.22 | 0.15 | 0.20 | 0.24 | 0.26 | 0.51 | 0.36 | 0.43 | 0.49 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 286 | 219 | 324 | 313 | 346 | 302 | 259 | 284 | 317 | 333 | 411 | |
| 239 | 198 | 292 | 274 | 307 | 272 | 243 | 264 | 290 | 309 | 380 | |
| Operating Profit | 47 | 21 | 31 | 39 | 39 | 31 | 16 | 20 | 27 | 24 | 31 |
| OPM % | 16.55% | 9.57% | 9.63% | 12.33% | 11.26% | 10.10% | 6.14% | 6.99% | 8.52% | 7.14% | 7.59% |
| 2 | 1 | 4 | 2 | 6 | 2 | 6 | 9 | 10 | 7 | 13 | |
| Interest | 3 | 5 | 6 | 9 | 9 | 6 | 3 | 4 | 4 | 7 | 3 |
| Depreciation | 9 | 8 | 10 | 11 | 10 | 11 | 10 | 10 | 10 | 11 | 14 |
| Profit before Tax | 37 | 9 | 19 | 21 | 26 | 16 | 9 | 16 | 22 | 13 | 30 |
| Tax % | 36.32% | 25.69% | 12.09% | 21.94% | 21.54% | 28.78% | 21.29% | 20.56% | 22.97% | 25.49% | 22.20% |
| Net Profit | 24 | 7 | 17 | 16 | 21 | 11 | 7 | 13 | 17 | 10 | 23 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.95 | 0.59 | 1.06 | 1.43 | 0.80 | — |
| Dividend Payout % | 12.67% | 42.66% | 17.60% | 18.49% | 8.73% | 15.78% | 25.56% | 23.69% | 17.48% | 31.11% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- -1%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -2%
- 5 Years:
- -14%
- 3 Years:
- 11%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 12%
- 1 Year:
- 21%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 5%
- 3 Years:
- 5%
- Last Year:
- 3%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| 163 | 170 | 183 | 196 | 221 | 230 | 236 | 247 | 260 | 267 | |
| 36 | 55 | 61 | 76 | 55 | 32 | 36 | 13 | 53 | 41 | |
| Trade Payables | 37 | 66 | 68 | 40 | 34 | 37 | 27 | 26 | 44 | 32 |
| 27 | 34 | 35 | 37 | 27 | 29 | 24 | 23 | 27 | 24 | |
| Total Liabilities | 275 | 337 | 359 | 361 | 348 | 340 | 334 | 321 | 396 | 377 |
| 95 | 90 | 134 | 126 | 129 | 122 | 110 | 100 | 111 | 103 | |
| Capital Work in Progress | 5 | 34 | 1 | 3 | 1 | 0 | 0 | 0 | 3 | 25 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | |
| 71 | 111 | 105 | 112 | 83 | 77 | 60 | 57 | 78 | 92 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79 | 77 | |
| Cash & Bank | 3 | 2 | 6 | 12 | 10 | 8 | 6 | 6 | 5 | 5 |
| 100 | 100 | 114 | 108 | 125 | 133 | 159 | 157 | 115 | 70 | |
| Total Assets | 275 | 337 | 359 | 361 | 348 | 340 | 334 | 321 | 396 | 377 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 24 | 18 | 13 | 48 | 32 | 19 | 45 | -15 | 40 | |
| Cash from Investing | -9 | -31 | -22 | -10 | -11 | 3 | -20 | -11 | -24 | -19 |
| Cash from Financing | 1 | 9 | 7 | 4 | -34 | -30 | 3 | -28 | 37 | -21 |
| 1 | -1 | -0 | 4 | -4 | 2 | -0 | 2 | -2 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - ORIENT CERATECH LIMITED has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - ORIENT CERATECH LIMITED has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026.
2026-09-02 - ORIENT CERATECH LIMITED has informed the Exchange regarding 'Letter to Shareholders whose Email addresses are not registered'.
2026-09-02 - ORIENT CERATECH LIMITED has informed the Exchange regarding Annual General Meeting, Annual Report 2025-2026 Record Date & Remote E-Voting.
2026-08-26 - ORIENT CERATECH LIMITED has informed the Exchange about Copy of Newspaper Publication
2026-08-10 - ORIENT CERATECH LIMITED has informed the Exchange about Copy of Newspaper Publication
2026-08-06 - ORIENT CERATECH LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30 - ORIENT CERATECH LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
2026-07-30 - ORIENT CERATECH LIMITED has informed the Exchange regarding Proceedings of Postal Ballot
News
Recent coverage and analyst commentary for ORIENTCER
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