Oriental Aromatics (OAL) had a P/E of 312.5× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 23% below their 52-week high. Its ROCE of 6.1% is the lowest among the 7 largest Specialty Chemicals peers, and sales grew 6.6% a year over 3 years while net profit fell 45%. Its dividend yield is 0.1%, and debt is 0.61× equity. It is a small-cap company with a market cap of ₹1,662 Cr, ranked 64th of 204 Specialty Chemicals companies by market cap; the shares rose 61% over the past year.
- ₹540.00
- ₹544.35
- ₹490.00
- ₹546.30
- 62.7K
Health check
- ReturnsAhead
+60.9% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 312.5 vs industry 22.1.
- GrowthSlow
Sales +6.6%, profit −44.9% a year over 3 years.
- ProfitabilityWeak
ROCE 6.1% vs peer median 24.4%.
- Balance sheetStretched
Debt 0.61× equity, interest covered 1.3×, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at 0.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,662 Cr
- Small cap
- P/E
- 312.5
- Industry 22.1
- Price to book
- 2.50
- Peers 13.33
- Dividend yield
- 0.09%
- ROE
- 0.5%
- Peers 23.0%
- ROCE
- 6.1%
- Peers 24.4%
- Debt to equity
- 0.61
- Debt ₹403 Cr
- EPS (TTM)
- ₹1.58
- Face value ₹5
- OPM (TTM)
- 6.5%
- Net margin 0.5%
- Sales growth
- +15.2%
- Latest quarter vs a year ago
- Profit growth
- +398.9%
- Latest quarter vs a year ago
- Price to sales
- 1.56
- EV/EBITDA 33.7
Strengths and risks
Strengths
- Quarterly profit up 398.9% on a year ago.
- Quarterly sales up 15.2% on a year ago.
Risks to check
- Return on equity is low at 0.5%.
- P/E of 312.5 against an industry P/E of 22.1.
- Interest coverage of only 2.0×.
About Oriental Aromatics
Oriental Aromatics Limited, together with its subsidiaries, manufactures and sells fragrances, flavours, specialty aroma ingredients, and camphor and terpene chemicals in India. The company offers flavours and fragrances for use in beverages, oral hygiene, sweets, instant foods, dairy products, incense sticks, fine fragrances, personal care, and home care; specialty aroma ingredient for fragrance compounds, flavour formulations, personal care, home care,…
- Headquarters
- Mumbai
- Employees
- 768
- Sector
- Basic Materials
- ISIN
- INE959C01023
- Website
- orientalaromatics.com
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- plus 60.9%
- From 52-week high
- minus 23.4%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| OALOriental Aromatics | 493.75 | minus 9.62% | 1,662 | 312.5 | 29.6 | 6.1% | 4.6% | 0.61 | 6.6% | plus 60.9% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 226 | 271 | 252 | 282 | 260 | |
| 207 | 254 | 238 | 263 | 240 | |
| 18.1 | 17.2 | 13.2 | 19.5 | 19.8 | |
| 8.0% | 6.4% | 5.3% | 6.9% | 7.6% | |
| 0.3 | 3 | 2.1 | 4.3 | 1 | |
| 8.1 | 9.7 | 9.3 | 8.7 | 7.8 | |
| 7.7 | 7.8 | 7.8 | 7.7 | 7.7 | |
| 2.6 | 2.7 | −1.8 | 7.3 | 5.3 | |
| 80.3% | 72.8% | −4.1% | 45.7% | 52.3% | |
| 0.5 | 0.7 | −1.9 | 4 | 2.5 | |
| 0.15 | 0.22 | -0.57 | 1.18 | 0.75 |
Profit & loss
- Sales CAGR 3Y
- +6.6%
- Profit CAGR 3Y
- −44.9%
- EPS CAGR 3Y
- −44.9%
- ROE
- 0.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 846 | 832 | 923 | 1,024 | |
| – | minus 1.7% | +11.0% | +10.9% | |
| 789 | 784 | 828 | 955 | |
| 56.5 | 47.5 | 94.9 | 69.1 | |
| 6.7% | 5.7% | 10.3% | 6.8% | |
| 2.8 | 5.9 | 2.2 | 7.4 | |
| 12.3 | 19.5 | 24.3 | 34.7 | |
| 19.4 | 19.8 | 23.7 | 31.1 | |
| −0.1 | −0 | −1.5 | −0 | |
| 27.5 | 14.1 | 47.6 | 10.8 | |
| 28.2% | 35.2% | 27.9% | 69.3% | |
| 19.7 | 9.1 | 34.3 | 3.3 | |
| – | minus 53.9% | +277.1% | minus 90.4% | |
| 5.87 | 2.71 | 10.20 | 0.98 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.8 | 16.8 | 16.8 | 16.8 | |
| 608 | 616 | 646 | 648 | |
| 231 | 206 | 353 | 403 | |
| 130 | 157 | 129 | 127 | |
| 986 | 995 | 1,145 | 1,194 | |
| 280 | 400 | 434 | 415 | |
| 56.5 | 180 | 5.1 | 5.7 | |
| 2 | 7.3 | 7.6 | 8.9 | |
| 16.5 | 11.2 | 11.7 | 14.2 | |
| 632 | 397 | 687 | 751 | |
| 986 | 995 | 1,145 | 1,194 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −22.3 | 142 | −34.5 | 2.4 | |
| −46.5 | −99 | −86.5 | −11.6 | |
| 78.1 | −48.2 | 121 | 11.8 | |
| 9.4 | −5.4 | −0 | 2.5 | |
| −46.7 | −99.4 | −87 | −11.8 | |
| −69 | 42.4 | −122 | −9.4 | |
| – | −1.7 | −1.7 | −1.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.