MarketFriction

Orient Cement Ltd

NSE ORIENTCEM · BSE 535754 · Cement & Cement Products
₹115.91 -2.41%
NSE close2026-10-01
52 week range116.70 - 226.86
Market cap₹2,434 Cr.
P/E11.4
Price band 20% Delivery 55.0%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales721751888696544643825866643636647604
Expenses634636740600500585722684478546539460
Operating Profit8711514896445810318216590108144
OPM %12%15%17%14%8%9%12%21%26%14%17%24%
Other Income2286438212-465
Interest988666633253
Depreciation3738383939383737101484543
Profit before tax42721105831768144743664103
Tax %42%37%38%37%26%39%38%-42%33%23%13%25%
Net Profit254568372104220549285577
EPS in Rs1.202.203.331.790.110.492.059.982.391.352.703.75
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4621,8752,2222,5222,4222,3242,7252,9383,1852,7092,7932,531
Expenses1,2771,6961,9162,2102,0391,7732,1342,5732,7362,4072,2472,024
Operating Profit186179306312383551591365449302546507
OPM %13%10%14%12%16%24%22%12%14%11%20%20%
Other Income81119141818101215201620
Interest5413512911812294513834231313
Depreciation78122126133141142145147149153231237
Profit before tax61-667075137334404192281145318277
Tax %-2%-52%37%36%37%36%35%36%38%37%-6%
Net Profit62-3244488721426312317591338209
EPS in Rs3.04-1.572.162.324.2310.4512.856.008.534.4516.4410.19
Dividend Payout %33%-32%35%32%18%19%19%25%26%11%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%4%-2%-12%
Compounded Profit Growth19%10%41%-18%
Stock Price CAGR-6%-6%-13%-46%
Return on Equity10%12%11%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital202020202020202020202121
Reserves9551,0209671,0021,0331,0981,2851,5051,5831,7231,7872,125
Borrowings1,1061,2851,3361,3141,2901,2267983163981707072
Other Liabilities484571560601584555708809875943925915
Total Liabilities2,5662,8962,8832,9372,9272,9002,8122,6502,8772,8552,8033,133
Fixed Assets7982,2072,2962,2512,3552,2722,2072,1152,0102,0211,9901,779
CWIP1,3192399815848674140140892432
Investments000000115144114213
Other Assets4484504895285255624484817237347461,309
Total Assets2,5662,8962,8832,9372,9272,9002,8122,6502,8772,8552,8033,133
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity156268259279281292714524111426205-39
Cash from Investing Activity-922-371-124-149-120-73-16270-120-85-979
Cash from Financing Activity72798-108-161-171-206-552-58635-334-136-2
Net Cash Flow-40-527-31-101308267-28-32
Free Cash Flow-766-104153132160215663471-18348146-69
CFO/OP68%152%144%95%96%84%140%100%40%106%87%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1923212526241717212633110
Inventory Days213236196230269269192192331269276125
Days Payable214340268280270201207238203181198259
Cash Conversion Cycle19-81-52-2525932-29150114112-24
Working Capital Days4-16-42-36-12-5-24-39-2521677
ROCE %16%5%3%9%8%11%19%23%12%16%9%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.90%37.90%37.90%37.90%37.90%37.86%37.86%72.66%72.66%72.66%72.66%72.66%
FIIs6.30%6.71%8.24%6.96%6.75%6.76%8.41%6.65%5.92%4.14%4.70%4.12%
DIIs12.89%13.14%14.65%16.62%16.78%15.81%13.36%2.95%2.18%1.81%1.97%2.17%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.41%0.00%0.00%
Public42.90%42.26%39.19%38.52%38.58%39.58%40.37%17.74%19.24%20.97%20.67%21.05%
No. of Shareholders90,23886,86484,94090,87191,85381,97676,71884,98595,5171,01,89297,34496,933

Fundamentals

Market Cap₹ 2,434 Cr.
Current Price₹ 118
Stock P/E11.4
Book Value₹ 104
ROCE16.5 %
ROE17.3 %
Dividend Yield0.42 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)-18%
Standalone figures.
Valuation
Market capRs 2,381 Cr
Enterprise valueRs 2,435 Cr
P/E (TTM)11.38x
Price to book1.11x
Price to sales0.94x
EV / EBITDA4.63x
EV / EBIT8.41x
EV / sales0.96x
Earnings yield8.79%
Dividend yield0.43%
P/E, 3-year average35.61x
P/B, 3-year average2.44x
P/E, 5-year average27.25x
P/B, 5-year average2.13x
Profitability
Operating margin (excl. other income)19.54%
Operating margin (incl. other income)20.13%
EBITDA margin20.80%
Pre-tax margin10.94%
Net profit margin8.27%
Net margin, latest quarter12.75%
ROE17.08%
ROCE16.16%
ROA11.38%
ROE, 3-year average10.89%
ROCE, 3-year average13.72%
ROA, 3-year average6.90%
ROE, 5-year average11.82%
ROCE, 5-year average15.24%
ROA, 5-year average6.96%
ROIC (approx.)13.97%
Tax rate-6.09%
Other income / net worth0.76%
Growth
Sales growth (latest year)3.11%
Profit growth (latest year)270.07%
Sales CAGR, 3 years-1.67%
Sales CAGR, 5 years3.75%
Profit CAGR, 3 years40.09%
Profit CAGR, 5 years9.53%
Sales growth QoQ-6.68%
Profit growth QoQ38.91%
Sales growth YoY (latest quarter)-30.25%
Profit growth YoY (latest quarter)-62.44%
Per share
EPS (TTM)Rs 10.19
EPS (latest year)Rs 16.44
EPS (latest quarter)Rs 3.75
EPS, 3-year averageRs 9.81
EPS, 5-year averageRs 9.65
Book value per shareRs 104.44
Sales per shareRs 123.17
Cash flow per shareRs -1.88
Free cash flow per shareRs -3.36
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 1.08
Dividend per share, 5-year averageRs 1.45
Dividends
Dividend payout3.04%
Dividend payout, 3-year average13.55%
Dividend payout, 5-year average17.03%
Efficiency
Asset turnover0.89x
Fixed asset turnover1.57x
Inventory turnover8.84x
Inventory days41 days
Debtor days110 days
Debtors turnover3.33x
Creditor days259 days
Cash conversion cycle-24 days
Working capital days77 days
Leverage
Total debtRs 72 Cr
Cash and bankRs 19 Cr
Net debtRs 53 Cr
Debt to equity0.03x
Net debt / EBITDA0.10x
Interest coverage22.93x
Current ratio (filing 2026-03-31)1.95x
Quick ratio (filing 2026-03-31)1.59x
Trade payables (filing 2026-03-31)Rs 474 Cr
Owners' fund to total sources68.48%
Debt to assets2.31%
Cash flow
Cash from Operating Activity (latest year)Rs -39 Cr
Cash from Investing Activity (latest year)Rs 9 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -32 Cr
Free cash flow (latest year)Rs -69 Cr
FCFE (approx.: FCF + change in debt)Rs -66 Cr
Cash from ops / profit, 5 years1.24x
Statement figures
Net sales (TTM)Rs 2,531 Cr
Net sales (latest year)Rs 2,793 Cr
Sales (latest quarter)Rs 604 Cr
Operating profit excl. other income (latest year)Rs 546 Cr
Operating profit (latest quarter)Rs 144 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 526 Cr
PBDT (TTM)Rs 514 Cr
Profit before tax (TTM)Rs 277 Cr
Tax (latest year)Rs -19 Cr
Net profit (TTM)Rs 209 Cr
Net profit (latest year)Rs 338 Cr
Net profit (latest quarter)Rs 77 Cr
Depreciation (TTM)Rs 237 Cr
Depreciation (latest quarter)Rs 43 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 2,026 Cr
Total expenditure (latest year)Rs 2,247 Cr
Total income (latest year)Rs 2,810 Cr
Share capitalRs 21 Cr
ReservesRs 2,125 Cr
Shareholders' fundsRs 2,146 Cr
Total assetsRs 3,133 Cr
Net blockRs 1,779 Cr
Capital work in progressRs 32 Cr
InvestmentsRs 13 Cr
ReceivablesRs 840 Cr
InventoryRs 229 Cr
Other liabilitiesRs 915 Cr
Shares outstanding (crore)20.55
Ownership
Promoter holding72.66% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.4 is at the 20th percentile of its own 8.4-year range (median 21.8, low 7.8, high 78.9).
P/B 1.11 is at the 3th percentile (median 1.99).
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.
PeriodORIENTCEMNifty 50Difference
1 week-5.2%-2.8% -2.5 pts
1 month-9.6%-6.8% -2.8 pts
3 months-18.5%-7.6% -10.9 pts
6 months-5.7%+0.4% -6.1 pts
1 year-50.4%-9.9% -40.5 pts
2 years-60.1%-13.6% -46.5 pts
3 years-35.0%+14.2% -49.1 pts
5 years-26.2%+27.9% -54.1 pts
8 mutual fund schemes hold about ₹6 Cr. Over three months 3 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Prism Hybrid Long-Short Fund1.03%3 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.07%2 +12%
Parag Parikh Large Cap Fund0.15%1 +24%
Groww Nifty Total Market Index Fund0.00%0
Angel One Nifty Total Market Index Fund0.00%0
Mirae Asset Nifty Total Market Index Fund0.00%0
Bandhan Nifty Total Market Index Fund0.00%0
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 5 of 8
explainHigh accruals Profit exceeded operating cash by 12% of total assets in 2026
explainReceivables outrunning sales Receivables grew 239% vs sales +3% in 2026
lookAuditor change Auditor change 2026-04-28: Orient Cement 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 ₹604 Cr -30.3% vs Jun 2025. Net profit ₹77 Cr -62.4%.
Against our estimate for Jun 2026: sales -21.3%, profit +24.4% in line. Our estimate for Sep 2026: sales Rs 476 Cr, profit Rs 38 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
UltraTech Cement Ltd319,10837.012.7 %
Grasim Industries Ltd210,96636.88.01 %
Ambuja Cements Ltd90,88219.35.61 %
Shree Cement Ltd79,01748.510.3 %
J K Cements Ltd37,27838.215.1 %
Dalmia Bharat Ltd30,71228.07.59 %
ACC Ltd22,58311.911.2 %
The Ramco Cements Ltd19,9491056.13 %
JSW Cement Ltd15,34919.511.1 %
Nuvoco Vistas Corporation Ltd11,79328.46.99 %
India Cements Ltd9,41269.71.24 %
Star Cement Ltd7,19819.016.6 %
Birla Corporation Ltd6,54511.79.78 %
JK Lakshmi Cement Ltd6,08515.812.0 %
Prism Johnson Ltd5,50046.95.92 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 0.50 Per Share
2025-07-25Dividend - Rs 0.50 Per Share
2024-07-29Dividend - Rs 1.50 Per Share
2024-02-16Interim Dividend - Re 0.75 Per Share
2023-07-25Annual General Meeting/Dividend - Re 1 Per Share
2023-02-10Interim Dividend - Re 0.50 Per Share
2022-07-20Annual General Meeting/Dividend - Rs 1.75 Per Share
2022-02-09Interim Dividend - Rs 0.75 Per Share
2021-07-28 Annual General Meeting/Dividend - Rs 1.50 Per Share
2021-02-08 Interim Dividend - Rs 0.50 Per Share
2020-07-23 Annual General Meeting/Dividend - Rs 0.75 Per Share
2019-07-24 Annual General Meeting/Dividend - Re 0.75 Per Share
2018-08-09 Annual General Meeting/Dividend- Re 0.75 Per Share
2017-09-14 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-07-15 Annual General Meeting/ Dividend - Re 1/- Per Share
2015-07-17Annual General Meeting/Dividend Re 1/- Per Share
2015-02-04Interim Dividend - Re 0.75/- Per Share
2014-08-07Annual General Meeting/Dividend Re.0.75/- Per Share
2014-02-13Interim Dividend - Re 0.75/- Per Share
2013-07-25Final Dividend - Rs 2/- Per Share
DateTypeWhat it says
2026-09-28Shareholder meetingOutcome and proceedings of NCLT Convened General Meeting held on September 28, 2026. Further, the company has submitted the Exchange a copy of Scrutin...
2026-09-21Concall / analyst meetInteraction with Investors / Analysts on September 25, 2026
2026-09-21ResignationResignation of Director/KMP/SMP
2026-09-20UpdatesClarification With Respect To The Company Intimation Dated September 19, 2026 On Change In Key Managerial Personnel ("KMP").
2026-09-19ResignationResignation of Ms. Kajal Saxena as Chief Financial Officer of the company w.e.f. September 18, 2026.
2026-09-16Concall / analyst meetInteraction with Investors / Analysts on September 21, 2026 and September 22, 2026.
2026-09-11Concall / analyst meetOrient Cement limited has informed the exchange regarding interaction with Investor / Analysts on September 17, 2026.
2026-08-29Concall / analyst meetOrient Cement limited has informed the exchange regarding interaction with Investor / Analysts on September 03, 2026.
2026-08-26Shareholder meetingNotice of Court Convened General Meeting to be held on September 28, 2026
2026-08-25Concall / analyst meetOrient Cement Limited has informed the exchange about interaction with Investors / Analysts on September 7, 2026, September 8, 2026 and September 9, 2...
2026-08-12Concall / analyst meetSchedule of meet
2026-08-11Structural Digital DatabaseSubmission of SDD Compliance Certificate under Regulations 3(5) and 3(6) of the SEBI PIT Regulations, 2015.
2026-08-03Concall / analyst meetThe transcript of earning call held on July 28, 2026, pertaining to unaudited Financial Results of the company for the quarter ended June 30, 2026.
2026-07-28Concall / analyst meetLink of Audio Recording of Investor / Analyst call held on 28 July, 2026.
2026-07-28Investor PresentationInvestor Presentation
2026-07-23General UpdatesThe Board of Directors of the Company at its meeting held on today i.e. 23rd July 2026, inter alia considered and approved the acquisition of a 9.04% ...
2026-07-23Board meeting outcomeOrient Cement Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20General UpdatesThe update in respect of Scheme of Amalgamation of Orient Cement Limited "Transferor Company" with Ambuja Cements Limited "Transferee Company".
2026-07-14Concall / analyst meetPost Results call with Investors / Analyst.
2026-07-07Credit Rating- OthersUpdate on ESG Rating by SES ESG Research Private Limited
2026-06-29Shareholder meetingOrient Cement Limited has submitted the Exchange details of Voting Results and Scrutinizers Report of the 15th Annual General Meeting of the Company h...
2026-06-26Shareholder meetingProceedings of the 15th Annual General Meeting of the Company held on June 26, 2026
2026-06-11Concall / analyst meetInteraction with Investors / Analysts on June 16, 2026 and June 17, 2026.
2026-06-04Amalgamation/MergerReceipt of Observation Letters with "no adverse objection" from the BSE Limited and "no objection" from the National Stock Exchange of India Limited i...
2026-06-03General UpdatesThe specimen copy of the notice sent to the shareholders of the Company
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.
Order dateForumCase
2021-03-26NCLTOrient Cement Ltd Vs IL & FS Engineerinfg and Construction Company Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Orient Cement Ltd?

Orient Cement Ltd (ORIENTCEM) has a market capitalisation of Rs 2,434 Cr. at the 2026-10-01 close.

What is the P/E ratio of Orient Cement Ltd?

Orient Cement Ltd trades at a P/E of 11.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Orient Cement Ltd's latest quarterly results?

In the Jun 2026 quarter, Orient Cement Ltd sales was Rs 604 Cr (-30.3% vs Jun 2025) and net profit was Rs 77 Cr.

What is the 52-week high and low of Orient Cement Ltd?

The 52-week high is Rs 226.86 and the 52-week low is Rs 116.70.

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