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Swing Capital

Orient Cement Ltd

NSE: ORIENTCEM BSE: 535754Cement

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]

₹135
52W: ₹122 — ₹360
PE 8.06 · Book ₹104 · +30% vs book
Market Cap₹2,767 Cr
Stock P/E8.06Price to Earnings
ROCE16.5%Return on Capital
ROE17.3%Return on Equity
Div. Yield0.38%Face Value ₹1

Strengths

  • +Company is almost debt free.

Weaknesses

  • −The company has delivered a poor sales growth of 3.75% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 11.2% over last 3 years.
  • −Debtor days have increased from 56.3 to 110 days.
  • −Working capital days have increased from 31.7 days to 77.1 days

Shareholding Pattern

Promoters72.66%
FIIs4.7%
DIIs1.97%
Public20.67%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters37.9%37.9%37.86%▼0.037.86%72.66%▲34.872.66%72.66%72.66%
FIIs6.96%6.75%▼0.26.76%▲0.08.41%▲1.76.65%▼1.85.92%▼0.74.14%▼1.84.7%▲0.6
DIIs16.62%16.78%▲0.215.81%▼1.013.36%▼2.52.95%▼10.42.18%▼0.81.81%▼0.41.97%▲0.2
Public38.52%38.58%▲0.139.58%▲1.040.37%▲0.817.74%▼22.619.24%▲1.520.97%▲1.720.67%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales751888696544643825866643636647
Expenses636740600500585722684478546539
Operating Profit11514896445810318316590108
OPM %15%17%14%8%9%12%21%26%14%17%
Net Profit45683721042205492855
EPS ₹2.23.331.790.110.492.05102.391.352.7

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,793Cr, up 3.1% YoY. OPM at 20%.

Debt Position

Borrowings at ₹72Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.

Capex Cycle

CWIP at ₹32Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.97% (-8.67pp change). FIIs: 4.7% (-1.17pp change). Promoters hold 72.66%.

Margin & Efficiency

ROCE improving from 16% (Mar 2015) to 16% (Mar 2026). Working capital days: 77.

Valuation

PE 8.06x with 16.5% ROCE. Price is 30% above book value of ₹104. Dividend yield: 0.38%.

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