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Orient Cement Ltd

₹ 171-0.58%
07 Jan 3:34 p.m. – close price
🔗orientcement.com•BSE: 535754•NSE: ORIENTCEM
Market Cap₹ 3,519 Cr.
Current Price₹ 171
High / Low₹ 362
Stock P/E11.5
Book Value₹ 100
Dividend Yield0.29 %
ROCE8.83 %
ROE5.12 %
Face Value₹ 1.00
Sales₹ 2,978 Cr.
OPM17.1 %
Mar Cap₹ 3,519 Cr.

ABOUT

Orient Cement Ltd 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.[1]

KEY POINTS

HistoryEstablished in 1979, Orient Cement was formerly a part of Orient Paper & Industries. The company was formed via the demerger of the cement business of Orient Paper & Industries Ltd in 2012.[1]

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersExcellent ResultsExcellent ResultsExcellent ResultsRevenue GuidanceRevenue GuidanceAsset Base ExpansionAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsJv Partnerships AcquisitionsJv Partnerships AcquisitionsJv Partnerships AcquisitionsCredit Rating UpdatesCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.UltraTech Cem.12170.0048.88358624.570.641237.9875.2319606.9320.3310.8981724.5318.357334.751231.584.945.190.35
2.Grasim Inds2828.9544.49192516.200.351498.0468.2439899.5816.597.50159663.2620.074327.58553.481.951.692.06
3.Ambuja Cements561.5024.08138792.900.352302.28233.649174.4921.4810.5038772.6718.835746.211935.752.487.020.02
4.Shree Cement27300.0057.2598500.490.41309.82303.604761.0717.446.7120146.6523.331718.89308.514.393.970.10
5.J K Cements5959.9544.4846051.480.27159.25275.563019.2017.9313.9912883.1918.561034.93160.537.155.111.00
6.Dalmia BharatLtd2121.7535.7839796.790.43239.00413.043417.0010.695.5814325.0020.131112.86236.002.272.480.40
7.ACC1757.0010.1832994.230.431119.26401.445931.6727.9917.4424060.8314.843230.721119.231.669.460.02
8.Orient Cement171.2511.473518.510.2949.092015.95643.3218.258.832978.3417.09306.6749.091.703.210.04
–Median: 36 Co.190.0530.682572.850.214.98114.06556.616.546.112379.4611.2946.9717.452.271.460.58

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
732751643825696866876888825615721544643
Expenses
642636585726600684737740722583634500478
Operating Profit
90115589996183139148103338744165
Other Income
12346258852412
Profit before tax
45721757581449811068-1042374
Tax %
38%37%39%35%37%-42%31%38%38%-6%42%26%33%
Net Profit
2845103737205676842-1025249
EPS in Rs
1.342.200.491.811.7910.003.293.332.05-0.461.200.112.39

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,4371,5451,4621,8752,2222,5222,4222,3242,7252,9383,1852,7092,978
Expenses
1,2221,2391,2771,6961,9162,2102,0391,7732,1342,5732,7362,4072,469
Operating Profit
215307186179306312383551591365449302509
Other Income
96811191418181012152024
Interest
141454135129118122945138342317
Depreciation
564778122126133141142145147149153214
Profit before tax
15325161-667075137334404192281145302
Net Profit
10119562-3244488721426312317591307
EPS in Rs
4.939.513.04-1.572.162.324.2310.4512.856.008.534.4514.93
Dividend Payout %
30%18%33%-32%35%32%18%19%19%25%26%11%–

Compounded Profit Growth

10 Years:-7%
5 Years:1%
3 Years:-30%
TTM:101%

Compounded Sales Growth

10 Years:6%
5 Years:2%
3 Years:0%
TTM:3%

Return on Equity

10 Years:8%
5 Years:11%
3 Years:8%
Last Year:5%

Stock Price CAGR

10 Years:1%
5 Years:14%
3 Years:8%
1 Year:-50%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
20202020202020202020202121
Reserves
8089551,0209671,0021,0331,0981,2851,5051,5831,7231,7872,042
Borrowings
3291,1061,2851,3361,3141,2901,2267983163981707072
Other Liabilities
404484571560601584555708809875943925829
Total Liabilities
1,5612,5662,8962,8832,9372,9272,9002,8122,6502,8772,8552,8032,963
Fixed Assets
8267982,2072,2962,2512,3552,2722,2072,1152,0102,0211,9901,864
Gross Block
1,2931,3172,2852,4952,5742,8092,8672,9442,9903,0273,1723,291–
Accumulated Depreciation
468519782003244555957378751,0171,1511,301–
CWIP
3281,3192399815848674140140892428
Investments
0000000115144114213
Other Assets
4084484504895285255624484817237347461,059
Total Assets
1,5612,5662,8962,8832,9372,9272,9002,8122,6502,8772,8552,8032,963

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
192156268259279281292714524111426205
Cash from Investing Activity
-279-922-371-124-149-120-73-16270-120-85-97
Cash from Financing Activity
9272798-108-161-171-206-552-58635-334-136
Net Cash Flow
5-40-527-31-101308267-28

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
161923212526241717212633
Inventory Days
114213236196230269269192192331269276
Days Payable
137214340268280270201207238203181198
Cash Conversion Cycle
-719-81-52-2525932-29150114112
Working Capital Days
-754-16-42-36-12-5-24-39-25216
ROCE %
16%16%5%3%9%8%11%19%23%12%16%9%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
37.90%37.90%37.90%37.90%37.90%37.90%37.90%37.90%37.86%37.86%72.66%72.66%
FIIs
6.02%7.72%5.87%6.30%6.71%8.24%6.96%6.75%6.76%8.41%6.65%5.92%
DIIs
11.02%9.53%10.64%12.89%13.14%14.65%16.62%16.78%15.81%13.36%2.95%2.18%
Public
45.04%44.81%45.54%42.90%42.26%39.19%38.52%38.58%39.58%40.37%17.74%19.24%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Orient Cement Shareholders Approve Related Party Transactions for FY2026-27

3rd April 2026, 2:06 am

Orient Cement to Appeal Income Tax Order, Expects Demand Reduction

2nd April 2026, 12:34 am

Orient Cement Appoints New Company Secretary and Compliance Officer

26th March 2026, 12:23 am

Orient Cement to Hold Investor Interactions on March 16 & 19

11th March 2026, 1:47 am

Orient Cement Alerts Shareholders: Postal Ballot Notice Published in Newspapers

4th March 2026, 1:02 am

Published by Other Websites

External media mentions & references

Ambuja Cements Surges 3% on Positive Outlook; Analysts Target 44% Upside

10th March 2026, 10:11 am

NSE Launches Cement Index: Concentration Risks Emerge

19th February 2026, 9:13 am

India Market Split: AI Fears Hit IT, Defence & PSU Finance Surge

4th February 2026, 2:54 pm

Ambuja Cements Rallies on 'Buy' Upgrade Post Mixed Q3

31st January 2026, 11:34 am

Ambuja Cements Reports Record Q3 Revenue and Sales

30th January 2026, 3:36 pm

News Articles

Editorial & research coverage

India Market Split: AI Fears Hit IT, Defence & PSU Finance Surge
India Market Split: AI Fears Hit IT, Defence & PSU Finance Surge

4th February 2026, 2:54 pm

Ambuja Cements Rallies on 'Buy' Upgrade Post Mixed Q3
Ambuja Cements Rallies on 'Buy' Upgrade Post Mixed Q3

31st January 2026, 11:34 am

HSBC Bets Big on Indian Cement Sector: 28% Upside Potential for Top Picks
HSBC Bets Big on Indian Cement Sector: 28% Upside Potential for Top Picks

13th January 2026, 12:28 pm

Cement Giants Halt M&A Race: Why Adani & UltraTech Are Pausing Big Deals!
Cement Giants Halt M&A Race: Why Adani & UltraTech Are Pausing Big Deals!

30th December 2025, 10:39 pm

Cement Giants Merge! Ambuja Cements Strikes Deal with Orient Cement for Massive Consolidation
Cement Giants Merge! Ambuja Cements Strikes Deal with Orient Cement for Massive Consolidation

29th December 2025, 6:57 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Scheme of Arrangement

22 Dec - Board approved amalgamation with Ambuja Cements; 33 Ambuja shares (₹2) per 100 OCL shares; subject to approvals.

Announcement under Regulation 30 (LODR)-Scheme of Arrangement

22 Dec - Board approved amalgamation of Orient Cement into Ambuja; 33 Ambuja shares per 100 Orient shares, dated Dec 22, 2025.

Announcement under Regulation 30 (LODR)-Change in Registered Office Address

19 Dec - Regional Director approved shift of registered office from Bhubaneswar, Orissa to Ahmedabad, Gujarat (Order dated 18-Dec-2025)

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Credit Ratings

Rating update

10 Oct 2025 from care

Rating update

29 Oct 2024 from care

Rating update

8 Oct 2024 from care

Rating update

9 Oct 2023 from care

Rating update

29 Nov 2022 from care

Rating update

31 Aug 2021 from care

Concalls

Nov 2025

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Aug 2025

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Jul 2025

PPT

Aug 2024

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May 2024

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Feb 2024

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Nov 2023

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Aug 2023

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May 2023

TranscriptRecording

Feb 2023

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Nov 2022

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Aug 2022

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May 2022

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Stock Analysis

Description

  1. Orient Cement Ltd is primarily engaged in the manufacture and sale of Cement. Its manufacturing facilities are located at Devapur in Telangana, Chittapur in Karnataka, and Jalgaon in Maharashtra.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. The company has delivered a poor sales growth of 2.27% over the past five years.
  2. The company has a low return on equity of 7.75% over the last 3 years.

Key Dates To Watch

  1. Postal Ballot e-voting period: January 19, 2026, to February 17, 2026.

Corporate Announcements

2nd Apr 26
Impact Rating: 6
Orient Cement's postal ballot results show shareholder approval for material related party transactions with Ambuja Cements and ACC for FY2026-27. Over 61.73% of votes were cast in favour.
1st Apr 26
Impact Rating: 7
Orient Cement has received an Income Tax order for AY 2023-24, with an initial demand of ₹52.40 crore. The company plans to appeal, expecting the demand to be reduced to ₹3.20 crore after rectification.
25th Mar 26
Impact Rating: 3
Orient Cement Limited's Board of Directors has approved the appointment of Ms. Pranjali Dubey as Company Secretary and Compliance Officer, effective April 7, 2026.
10th Mar 26
Impact Rating: 6
Orient Cement announces investor meetings on March 16, 2026, in Tokyo for Nomura India Corporate Day and March 19, 2026, in Hong Kong for Jefferies Asia Forum 2026. Discussions will be limited to public information only.
3rd Mar 26
Impact Rating: -
No description available.