Orient Ceratech Limited
NSE: ORIENTCER · Electrodes & Refractories · sector
₹37.92NSE close 2026-10-26
Key numbers
Market cap₹454 cr
Price₹37.92
52w high / low₹57 / ₹34
P/E17.4xSector median 30.2x
P/B1.5xSector median 2.2x
Book value₹25.2
Dividend yield0.68%Sector median 1.00%
ROE8.9%Sector median 9.4%
ROCE12.1%Sector median 12.3%
OPM11.7%Sector median 10.8%
Debt / equity0.13xSector median 0.04x
EV/EBITDA10.2xSector median 20.3x
Interest cover8.3x
Current ratio3.07x
Sales growth 3y+10.1%Sector median +6.9%
Profit growth 3y+15.4%Sector median -4.2%
PEG1.13x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Electrodes & Refractories (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹40 cr (FY26): borrowings are higher by ₹30 cr.
- Operating profit covered interest 8.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 43% of net profit in the last 12 months.
- Debtor days went from 92 (FY24) to 69 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹37.92 on 2026-10-26: -33.1% from the 52-week high, +11.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹53.71 · low ₹31.22
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 70 | 74 | 85 | 98 | 114 | 93 | 98 | 101 |
| EBITDA | 7 | 6 | 9 | 9 | 13 | 9 | 9 | 16 |
| OPM % | 9.7% | 8.4% | 10.9% | 9.5% | 11.2% | 10.2% | 9.4% | 16.1% |
| Other income | 1 | 1 | 1 | 1 | 2 | 1 | 6 | 2 |
| Net profit | 2 | 2 | 3 | 4 | 7 | 4 | 6 | 9 |
| EPS (₹) | 0.16 | 0.14 | 0.29 | 0.36 | 0.63 | 0.37 | 0.47 | 0.71 |
| Revenue YoY | +62.1% | +25.9% | +16.2% | +2.2% | ||||
| Profit YoY | +304.9% | +159.4% | +63.1% | +99.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 267 | 302 | 313 | 327 | 404 | 406 |
| EBITDA | 17 | 26 | 38 | 31 | 41 | 48 |
| Net profit | 7 | 14 | 19 | 10 | 22 | 26 |
| EPS (₹) | 0.57 | 1.19 | 1.59 | 0.83 | 1.83 | 2.18 |
| Revenue growth | +13.2% | +3.7% | +4.4% | +23.4% | +24.0% | |
| Profit growth | +107.1% | +33.8% | -47.8% | +120.1% | +130.8% | |
| Dividend / share (₹) | 0.15 | 0.15 | 0.25 | 0.25 | 0.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.1% | +6.0% | +24.0% |
| Net profit | +15.4% | +14.0% | +130.8% |
| EPS | +15.4% | +14.0% | – |
| Share price | – | -7.3% (2y) | +9.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 260 | 276 | 283 | 302 |
| Borrowings | – | 15 | 58 | 72 | 40 |
| Cash & equivalents | – | 7 | 6 | 6 | 9 |
| Total assets | – | 327 | 406 | 418 | 416 |
| Fixed assets | – | 148 | 160 | 149 | 152 |
| Capital work in progress | – | 2 | 5 | 26 | 9 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 73 | 79 | 77 | 77 |
| Inventory | – | 64 | 105 | 116 | 125 |
| Payables | – | 29 | 49 | 42 | 50 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 33 | 44 | -14 | 21 | 51 |
| Cash from investing | -36 | -11 | -24 | -24 | -8 |
| Cash from financing | 2 | -30 | 37 | 4 | -40 |
| Capex | 40 | 16 | 27 | 25 | 11 |
| Free cash flow | -7 | 28 | -42 | -4 | 40 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.5% | 6.9% | 3.5% | 7.2% |
| ROCE % | – | 7.9% | 8.3% | 5.7% | 9.8% |
| Debtor days | – | 88 | 92 | 86 | 69 |
| Inventory days | – | 137 | 289 | 342 | 259 |
| Payable days | – | 61 | 134 | 123 | 102 |
| Cash conversion cycle (days) | – | 164 | 247 | 305 | 226 |
| Working capital days | – | 151 | 150 | 169 | 148 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 63.90% |
| FIIs | 13.45% |
| DIIs | 0.00% |
| Public (non-institutions) | 22.65% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 63.58% | 63.58% | 63.58% | 63.58% | 63.90% | 63.90% | 63.90% | 63.90% |
| Promoter group | % |
|---|---|
| Cura Global Holdings Limited | 23.73% |
| Bombay Minerals Limited | 23.72% |
| Ashapura International Limited | 8.35% |
| Manan Chetan Shah | 5.70% |
| Chetan Navnitlal Shah | 2.16% |
| Himani Chetan Shah | 0.14% |
| Chaitali Nishit Salot | 0.09% |
| Dina Chetan Shah | 0.00% |
| Natasha Anil Doshi | 0.00% |
| Nishit Pradip Salot | 0.00% |
| Ashapura Minechem Limited | 0.00% |
| Prashansha Ceramics Limited | 0.00% |
| Ankur Hitendra Shah | 0.00% |
| Public holders above 1% | % |
|---|---|
| Legends Global Opportunities (Singapore) PTE. Ltd. | 8.75% |
| Investor Education and Protection Fund Authority Ministry of | 3.00% |
| Albula Investment Fund Ltd | 2.73% |
| M7 Global Fund Pcc-cell Dewcap Fund | 1.72% |
25,916 shareholders. Pledged: 0.00% of promoter shares.
Peers in Electrodes & Refractories
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GRAPHITE | ₹14,353 cr | 67.4x | 2.5x | 3.6% | 5.1% | 2.6% | -3.6% | 1.50% |
| VESUVIUS | ₹7,824 cr | 30.6x | 4.5x | 15.7% | 19.9% | 16.7% | – | – |
| RPEL | ₹7,784 cr | 110.4x | 27.6x | 28.4% | 31.4% | 29.9% | – | 0.06% |
| RHIM | ₹7,213 cr | – | 2.0x | -9.4% | -6.2% | -1.9% | +13.8% | 0.72% |
| HEGAM | ₹3,956 cr | 11.0x | 0.8x | 7.8% | 6.3% | 10.0% | +1.4% | 0.92% |
| IFGLEXPOR | ₹1,159 cr | 28.3x | 1.0x | 3.6% | 4.9% | 6.8% | +11.0% | 2.18% |
| FOSECOC | ₹990 cr | 38.0x | 7.1x | 17.1% | 23.6% | 19.7% | +3.6% | 1.07% |
| ORIENTCER | ₹454 cr | 17.4x | 1.5x | 8.9% | 12.1% | 11.7% | +10.1% | 0.68% |
| DENORA | ₹368 cr | 30.2x | 2.8x | 9.8% | 12.6% | 8.6% | +18.2% | – |
| PANCARBON | ₹180 cr | 9.4x | 1.0x | 10.7% | 14.6% | 30.5% | +3.0% | 3.19% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Re 0.35 Per Share |
| 2025-09-16 | Dividend | Dividend - Rs 0.25 Per Share |
| 2024-09-23 | Other | Annual General Meeting |
| 2024-09-23 | Dividend | Dividend - Re 0.25 Per Share |
| 2023-09-18 | Dividend | Dividend - Re 0.25 Per Share |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-16 | Dividend | Annual General Meeting/Dividend - Rs 0.15 Per Share |
| 2021-09-15 | Other | Annual General Meeting |
| 2021-09-15 | Dividend | Dividend - Rs 0.15 Per Share |
| 2020-11-25 | Dividend | Dividend - Rs 0.15 Per Share |
| 2020-11-25 | Other | Annual General Meeting |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Share |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend- Re 0.25 Per Share |
| 2017-09-07 | Other | Annual General Meeting |
| 2017-09-07 | Dividend | Dividend - Re 0.25 Per Share |
| 2016-09-16 | Dividend | Annual General Meeting/Dividend - Re 0.25 Per Share |
| 2015-09-21 | Dividend | Annual General Meeting/Dividend Re 0.25 Per Share |
| 2014-09-15 | Dividend | Annual General Meeting / Final Dividend - Re 0.20/- Per Share |
| 2013-07-09 | Dividend | Annual General Meeting And Final Dividend Re.0.35 Per Share |
| 2012-09-13 | Dividend | Annual General Meeting And Dividend Re.0.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Electrodes & Refractories |
| Sub-industry | Electrodes & Refractories |
| Symbol | ORIENTCER |
| BSE code | 504879 |
| ISIN | INE569C01020 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.