MarketFriction

Oriental Aromatics Ltd

NSE OAL · BSE 500078 · Specialty Chemicals
₹532.20 -0.20%
NSE close2026-10-01
52 week range228.00 - 570.00
Market cap₹1,823 Cr.
P/E343
Price band 10% Delivery 44.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales226.82197.41216.48215.76236.77222.57253.16225.52271.33251.56282.37259.81
Expenses215.81183.30195.60193.65208.15200.02233.89207.46254.09238.34262.91240.01
Operating Profit11.0114.1120.8822.1128.6222.5519.2718.0617.2413.2219.4619.80
OPM %4.85%7.15%9.65%10.25%12.09%10.13%7.61%8.01%6.35%5.26%6.89%7.62%
Other Income2.812.161.741.692.100.090.240.273.002.064.271.00
Interest5.466.873.434.066.346.368.628.079.729.308.667.81
Depreciation4.944.965.084.895.166.407.237.707.817.827.747.72
Profit before tax3.424.4414.1114.8519.229.883.662.562.71-1.847.335.27
Tax %29.24%41.22%28.28%26.13%23.10%27.73%60.93%80.47%73.06%4.35%45.70%52.37%
Net Profit2.422.6110.1210.9814.787.141.420.500.74-1.923.992.51
EPS in Rs0.720.783.013.264.392.120.420.150.22-0.571.190.75
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4585067557607098738548429281,0311,065
Expenses400441639633553780799795835963995
Operating Profit5765116127156935447946870
OPM %13%13%15%17%22%11%6%6%10%7%7%
Other Income6-0-27146731010
Interest571312241320253635
Depreciation1415181917171920243131
Profit before tax444383103137762714481113
Tax %37%42%31%16%26%30%28%35%28%69%
Net Profit28255786102532093435
EPS in Rs13.547.4316.9825.6130.2915.845.872.7010.200.981.59
Dividend Payout %3%7%6%10%8%9%9%18%5%51%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%8%6%14%
Compounded Profit Growth%-50%-45%-78%
Stock Price CAGR11%-10%14%66%
Return on Equity8%4%2%1%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital581717171717171717
Reserves311329375447540588608616646648
Borrowings1051321835178140231206353403
Other Liabilities691039893110120130157129127
Total Liabilities4905736736087458659869951,1451,194
Fixed Assets211212245236236265273270480460
CWIP15401213255317355
Investments0000000000
Other Assets264321428370496574661551660730
Total Assets4905736736087458659869951,1451,194
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity16-2318117-1-22142-342
Cash from Investing Activity-31-12-10-35-59-46-99-86-12
Cash from Financing Activity1536-159165178-4812112
Net Cash Flow0012-2-99-5-03
Free Cash Flow-15-36171-18-60-6943-121-9
CFO/OP51%-0%162%36%23%-23%309%-20%11%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days80977773978181787489
Inventory Days141148149124211183233177238203
Days Payable41683943665255525044
Cash Conversion Cycle180177187154242213259203262247
Working Capital Days1179087109154151139999687
ROCE %11%19%21%24%12%5%4%8%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%74.17%
FIIs0.11%0.10%0.10%0.10%0.05%0.08%0.07%0.02%0.03%0.03%0.00%0.02%
DIIs0.61%0.39%0.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.11%25.34%25.33%25.72%25.78%25.76%25.76%25.82%25.81%25.79%25.83%25.81%
No. of Shareholders26,73026,54525,87525,71525,89827,21327,11826,25825,73425,03224,38223,728

Fundamentals

Market Cap₹ 1,823 Cr.
Current Price₹ 542
Stock P/E343
Book Value₹ 197
ROCE4.47 %
ROE0.50 %
Dividend Yield0.09 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)-78%
Consolidated figures.
Valuation
Market capRs 1,791 Cr
Enterprise valueRs 2,179 Cr
P/E (TTM)336.66x
Price to book2.70x
Price to sales1.68x
EV / EBITDA27.22x
EV / EBIT44.51x
EV / sales2.05x
Price to cash flow740.10x
Earnings yield0.30%
Dividend yield0.09%
P/E, 3-year average126.51x
P/B, 3-year average1.40x
P/E, 5-year average96.78x
P/B, 5-year average2.00x
Profitability
Operating margin (excl. other income)6.60%
Operating margin (incl. other income)7.53%
EBITDA margin7.52%
Pre-tax margin1.26%
Net profit margin0.50%
Net margin, latest quarter0.97%
ROE0.50%
ROCE4.47%
ROA0.28%
ROE, 3-year average2.42%
ROCE, 3-year average5.46%
ROA, 3-year average1.47%
ROE, 5-year average3.93%
ROCE, 5-year average6.61%
ROA, 5-year average2.63%
ROIC (approx.)1.43%
Tax rate69.27%
Other income / net worth1.44%
Growth
Sales growth (latest year)11.04%
Profit growth (latest year)-90.36%
Sales CAGR, 3 years6.49%
Sales CAGR, 5 years7.78%
Profit CAGR, 3 years-44.86%
Profit CAGR, 5 years-49.62%
Sales growth QoQ-7.99%
Profit growth QoQ-37.09%
Sales growth YoY (latest quarter)15.20%
Profit growth YoY (latest quarter)402.00%
Per share
EPS (TTM)Rs 1.58
EPS (latest year)Rs 0.98
EPS (latest quarter)Rs 0.75
EPS, 3-year averageRs 4.63
EPS, 5-year averageRs 7.12
Book value per shareRs 197.46
Sales per shareRs 316.48
Cash flow per shareRs 0.72
Free cash flow per shareRs -2.67
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.70
Dividends
Dividend payout50.76%
Dividend payout, 3-year average24.70%
Dividend payout, 5-year average18.42%
Efficiency
Asset turnover0.86x
Fixed asset turnover2.24x
Inventory turnover2.15x
Inventory days170 days
Debtor days89 days
Debtors turnover4.08x
Creditor days44 days
Cash conversion cycle247 days
Working capital days87 days
Leverage
Total debtRs 403 Cr
Cash and bankRs 15 Cr
Net debtRs 388 Cr
Debt to equity0.61x
Net debt / EBITDA4.85x
Interest coverage1.38x
Current ratio (filing 2026-03-31)1.60x
Quick ratio (filing 2026-03-31)0.75x
Trade payables (filing 2026-03-31)Rs 83 Cr
Owners' fund to total sources55.63%
Debt to assets33.70%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs 12 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs 41 Cr
Cash from ops / profit, 5 years0.73x
Sales to cash flow425.94x
Statement figures
Net sales (TTM)Rs 1,065 Cr
Net sales (latest year)Rs 1,031 Cr
Sales (latest quarter)Rs 260 Cr
Operating profit excl. other income (latest year)Rs 68 Cr
Operating profit (latest quarter)Rs 20 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 80 Cr
PBDT (TTM)Rs 45 Cr
Profit before tax (TTM)Rs 13 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 31 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 35 Cr
Cost of goods sold (latest year)Rs 817 Cr
Total expenditure (latest year)Rs 963 Cr
Total income (latest year)Rs 1,040 Cr
Share capitalRs 17 Cr
ReservesRs 648 Cr
Shareholders' fundsRs 665 Cr
Total assetsRs 1,194 Cr
Net blockRs 460 Cr
Capital work in progressRs 5 Cr
ReceivablesRs 252 Cr
InventoryRs 380 Cr
Other liabilitiesRs 127 Cr
Shares outstanding (crore)3.37
Ownership
Promoter holding74.17% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 336.7 is at the 97th percentile of its own 9.2-year range (median 29.1, low 7.4, high 370.6).
P/B 2.70 is at the 71th percentile (median 2.18).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodOALNifty 50Difference
1 week-0.0%-2.8% +2.8 pts
1 month+19.2%-6.8% +26.0 pts
3 months+68.9%-7.6% +76.5 pts
6 months+123.4%+0.4% +123.0 pts
1 year+58.0%-9.9% +67.9 pts
2 years+7.1%-13.6% +20.7 pts
3 years+47.2%+14.2% +33.0 pts
5 years-43.4%+27.9% -71.3 pts

Red flags

F-score 4 of 8
explainLow interest cover Interest cover 1.3x in 2026
lookProfit leans on other income Other income was 89% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-05-20: Oriental Aromatics Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹260 Cr +15.2% vs Jun 2025. Net profit ₹3 Cr +402.0%.
Against our estimate for Jun 2026: sales +2.6%, profit +301.0% in line. Our estimate for Sep 2026: sales Rs 308 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-05Dividend - Re 0.50 Per Share
2025-08-08Dividend - Re 0.50 Per Share
2024-08-06Annual General Meeting/Dividend - Re 0.50 Per Share
2023-08-03Annual General Meeting/Dividend - Re 0.50 Per Share
2022-07-19Annual General Meeting
2021-12-09 Interim Dividend - Rs 1.50 Per Sh
2021-07-16 Annual General Meeting
2020-12-03 Interim Dividend - Rs 2.50 Per Share
2020-09-04 Annual General Meeting
2020-03-19 Interim Dividend - Rs 2.50 Per Share
2019-09-16 Annual General Meeting/Dividend - Rs 1 Per Share
DateTypeWhat it says
2026-09-03General UpdatesESG Rating assigned by Crisil ESG Ratings & Analytics Limited pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015
2026-08-27LitigationReceipt of Show cause cum Demand Notice.
2026-08-27Volume querySignificant increase in volume has been observed in Oriental Aromatics Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-08-26Volume querySignificant increase in volume has been observed in Oriental Aromatics Limited. The Exchange, in order to ensure that investors have latest relevant i...
2026-08-26UpdatesAnnouncement under Regulation 30 (LODR)-Investor Presentation.
2026-08-19Shareholder meetingVoting results.
2026-08-18Shareholder meetingShareholders meeting
2026-08-04Concall / analyst meetTranscript
2026-07-31Concall / analyst meetLink of Recording
2026-07-31Concall / analyst meetEarnings Call Presentation.
2026-07-30AppointmentAppointment of Mr. Nitin Bhuduvalekar as Vice President- Sales Fragrance of the company w.e.f. August 01, 2026.
2026-07-30Board meeting outcomeOriental Aromatics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Concall / analyst meetSchedule of meet
2026-07-25General UpdatesGeneral Updates
2026-07-24Shareholder meetingNotice of Annual General Meeting to be held on August 18, 2026
2026-07-10UpdatesCommunication to Shareholders - Intimation on Tax Deduction on Dividend .
2026-05-26Concall / analyst meetTranscript
2026-05-21Concall / analyst meetLink of Recording
2026-05-21Concall / analyst meetPresentation
2026-05-20ResignationResignation of Director/KMP/SMP
2026-05-20Change in AuditorsChange in Auditors of the company.
2026-05-20General UpdatesRe-appointment of Internal Auditors & Cost Auditor of the Company.
2026-05-20ResignationResignation of Mr Deepak R. Ramachandra as Non- Executive Independent Director of the company w.e.f. May 21, 2026.
2026-05-20AppointmentAppointment of Mr Mr. John Gloster as Non- Executive Independent Director of the company w.e.f. May 20, 2026.
2026-05-20DividendBoard of Directors at its meeting held on May 20, 2026, recommended Final Dividend of Rs. 0.50 per equity share.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 50perc in previous 3 monthsClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Oriental Aromatics Ltd?

Oriental Aromatics Ltd (OAL) has a market capitalisation of Rs 1,823 Cr. at the 2026-10-01 close.

What is the P/E ratio of Oriental Aromatics Ltd?

Oriental Aromatics Ltd trades at a P/E of 343 on trailing twelve-month profit, at the 2026-10-01 close.

What were Oriental Aromatics Ltd's latest quarterly results?

In the Jun 2026 quarter, Oriental Aromatics Ltd sales was Rs 260 Cr (+15.2% vs Jun 2025) and net profit was Rs 3 Cr.

What is the 52-week high and low of Oriental Aromatics Ltd?

The 52-week high is Rs 570.00 and the 52-week low is Rs 228.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03