As of 6 Nov 2026, ORIENT CERATECH trades at 16.3× trailing earnings, below the industry P/E of 22.1×, and the shares are 33% below their 52-week high. Sales and net profit grew 9.9% and 15% a year over 3 years; its ROCE of 9.8% is the second-lowest among the 7 largest Specialty Chemicals peers. Debt is 0.13× equity, and its dividend yield is 0.9%. It is a small-cap company with a market cap of ₹457 Cr, ranked 99th of 204 Specialty Chemicals companies by market cap; the shares rose 7.0% over the past year.
- ₹38.02
- ₹38.47
- ₹37.80
- ₹38.61
- 27.5K
Health check
- ReturnsIn line
+7.0% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 16.3 vs industry 22.1.
- GrowthSteady
Sales +9.9%, profit +15.4% a year over 3 years.
- ProfitabilityWeak
ROCE 9.8% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.13× equity, interest covered 7.1×, Piotroski 8 of 9.
- Red flags2 to check
Return on equity is low at 7.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹457 Cr
- Small cap
- P/E
- 16.3
- Industry 22.1
- Price to book
- 1.51
- Peers 13.33
- Dividend yield
- 0.90%
- ROE
- 7.5%
- Peers 23.0%
- ROCE
- 9.8%
- Peers 24.4%
- Debt to equity
- 0.13
- Debt ₹40 Cr
- EPS (TTM)
- ₹2.35
- Face value ₹1
- OPM (TTM)
- 12.3%
- Net margin 6.4%
- Sales growth
- +4.6%
- Latest quarter vs a year ago
- Profit growth
- +99.2%
- Latest quarter vs a year ago
- Price to sales
- 1.12
- EV/EBITDA 9.7
Strengths and risks
Strengths
- Quarterly profit up 99.2% on a year ago.
- P/E of 16.3 against an industry P/E of 22.1.
Risks to check
- Return on equity is low at 7.5%.
- 33% below its 52-week high.
About ORIENT CERATECH
Orient Ceratech Limited engages in the producing and trading of aluminum refractories and monolithic products in India. The company operates through two segments: Alumina Refactories & Monolithics Products & Bauxite Ores; and Power Generation. It offers various aluminous products, including White Fused Alumina, Dense White Fused Alumina, Brown Fused Alumina, White Fused Mullite, Fused Zirconia Mullite, Calcined Bauxite, Chamotte, and Mullite. In addition,…
- Headquarters
- Mumbai
- Employees
- 278
- Sector
- Basic Materials
- ISIN
- INE569C01020
- Website
- orientceratech.com
Price range
- Avg volume (3M)
- 83.1K
- 1-year return
- plus 7.0%
- From 52-week high
- minus 32.5%
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% |
| ORIENTCERORIENT CERATECH | 38.22 | minus 1.01% | 457 | 16.3 | 9.7 | 9.8% | 12.3% | 0.13 | 9.9% | plus 7.0% |
| 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 |
|---|---|---|---|---|---|
| 96.3 | 114 | 93.4 | 98.2 | 101 | |
| 88.4 | 101 | 81.7 | 89 | 84.4 | |
| 7.8 | 12.7 | 11.6 | 9.2 | 16.2 | |
| 8.1% | 11.2% | 12.4% | 9.4% | 16.1% | |
| 1.2 | 1.8 | 1.5 | 6.2 | 1.7 | |
| 1.5 | 1.2 | 1.2 | 1.2 | 1.3 | |
| 2.8 | 3.5 | 3.8 | 7.1 | 3.2 | |
| – | – | −2.1 | – | – | |
| 4.8 | 9.8 | 5.9 | 7.1 | 13.4 | |
| 21.0% | 23.7% | 25.1% | 20.3% | 21.3% | |
| 4.3 | 7.5 | 4.4 | 5.7 | 8.6 | |
| 0.36 | 0.63 | 0.37 | 0.47 | 0.71 |
Profit & loss
- Sales CAGR 3Y
- +9.9%
- Profit CAGR 3Y
- +15.4%
- EPS CAGR 3Y
- +15.4%
- ROE
- 7.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 301 | 312 | 324 | 400 | |
| – | +3.6% | +3.9% | +23.2% | |
| 273 | 277 | 288 | 350 | |
| 28.7 | 35.7 | 36 | 50.2 | |
| 9.5% | 11.4% | 11.1% | 12.5% | |
| 4.6 | 0.6 | −2.1 | 2.7 | |
| 3.3 | 2.7 | 6.4 | 4.6 | |
| 11.9 | 13.5 | 14.4 | 18.1 | |
| 0 | 4.2 | 0.1 | −1.8 | |
| 18.1 | 24.3 | 13.2 | 28.3 | |
| 21.5% | 21.8% | 24.9% | 22.7% | |
| 14.2 | 19 | 9.9 | 21.9 | |
| – | +33.8% | minus 47.8% | +120.2% | |
| 1.19 | 1.59 | 0.83 | 1.83 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12 | 12 | 12 | 12 | |
| 248 | 264 | 271 | 290 | |
| 14.7 | 57.6 | 71.5 | 39.6 | |
| 51.8 | 73.1 | 63.3 | 74 | |
| 327 | 406 | 418 | 416 | |
| 151 | 170 | 176 | 162 | |
| 2.3 | 9.5 | 25.9 | 10.2 | |
| 5.7 | 4 | 5.2 | 7.9 | |
| 168 | 223 | 211 | 235 | |
| 327 | 406 | 418 | 416 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 43.8 | −14.5 | 20.9 | 51.2 | |
| −13 | −23.9 | −23.4 | −8.4 | |
| −28.4 | 36.7 | 3.8 | −40.1 | |
| 2.4 | −1.7 | 1.3 | 2.7 | |
| −15.8 | −27.5 | −25.2 | −11.3 | |
| 28 | −42 | −4.3 | 39.9 | |
| −1.8 | −3.1 | −3.1 | −3.1 |
Shareholding pattern
- Promoters63.90%
- Public36.10%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.90% | 36.10% | 0.00 | |
| 30 Jun 2026 | 63.90% | 36.10% | 0.00 | |
| 31 Mar 2026 | 63.90% | 36.10% | 0.00 | |
| 31 Dec 2025 | 63.90% | 36.10% | plus 0.32 | |
| 30 Sep 2025 | 63.58% | 36.42% | – |
Major shareholders
Filings & events
News
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