Orient Ceratech Ltd

NSE: ORIENTCER BSE: 504879Energy

Incorporated in 1974, Orient Ceratech Ltd is in the business of production and trading of aluminum refractories and monolithics products, mining of bauxite ores and generation of power[1]

₹40

52W: ₹33.8 — ₹56.6

PE 27.4 · Book ₹23.9 · +67% vs book

Market Cap₹479 Cr

Stock P/E27.4Price to Earnings

ROCE5.95%Return on Capital

ROE3.47%Return on Equity

Div. Yield0.62%Face Value ₹1

Strengths

+Company has reduced debt.
+Company is expected to give good quarter
+Company has been maintaining a healthy dividend payout of 24.1%

Weaknesses

−The company has delivered a poor sales growth of -0.78% over past five years.
−Company has a low return on equity of 4.55% over last 3 years.

Shareholding Pattern

Promoters63.9%

FIIs13.32%

DIIs0%

Public22.78%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	63.58%	63.58%	63.58%	63.58%	63.58%	63.58%	63.9%▲0.3	63.9%
FIIs	13.23%	13.23%	13.23%	13.23%	13.23%	13.32%▲0.1	13.36%▲0.0	13.32%▼0.0
DIIs	0%	0%	0%	0%	0%	0%	0%	0%
Public	23.19%	23.19%	23.19%	23.18%▼0.0	23.2%▲0.0	23.1%▼0.1	22.74%▼0.4	22.78%▲0.0

Financial Statements

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	82.99	80.45	84.42	99.78	72.83	74.17	85.85	100.12	115.52	94.51
Expenses	74.52	74.46	77.86	93.34	67.76	68.87	79.89	94.5	106.72	85.71
Operating Profit	8.47	5.99	6.56	6.44	5.07	5.3	5.96	5.62	8.8	8.8
OPM %	10.21%	7.45%	7.77%	6.45%	6.96%	7.15%	6.94%	5.61%	7.62%	9.31%
Net Profit	4.48	4.73	3.72	2.6	1.75	2.4	2.86	3.13	6.1	4.28
EPS ₹	0.37	0.4	0.31	0.22	0.15	0.2	0.24	0.26	0.51	0.36

AI Insights

Revenue Trend

TTM revenue at ₹396Cr, up 18.9% YoY. OPM at 7%.

Debt Position

Borrowings at ₹31Cr. Debt-to-equity ratio: 0.11x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 13.32% (+0.09pp change). Promoters hold 63.9%.

Margin & Efficiency

ROCE declining from 8% (Mar 2014) to 6% (Mar 2025). Working capital days: 131.

Valuation

PE 27.4x with 5.95% ROCE. Price is 67% above book value of ₹23.9. Dividend yield: 0.62%.