Orient Ceratech

NSE: ORIENTCER · Electrodes & Refractories

52W Range₹33 ₹57

Snapshot

Unlock Orient Ceratech's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Orient Ceratech Limited is an Indian manufacturer and trader specialising in alumina refractories, monolithic products, and bauxite ores. The company also operates power generation assets, including thermal, furnace oil-based, and wind energy plants.

Business Model

The company generates revenue through the production and sale of industrial refractory materials and the supply of electricity to state power distribution companies. It leverages captive bauxite mining operations in Gujarat to support its manufacturing value chain.

  • Incorporation Year:1971

Growth Outlook

Growth is driven by the demand for high-performance refractory products in industrial applications and the diversification into power generation. The company continues to focus on its core alumina-based solutions and synthetic aggregates to serve domestic and export markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of bauxite and other raw materials can significantly impact manufacturing margins.
  • Regulatory and Environmental Risks. Mining operations and power generation are subject to stringent environmental regulations and potential policy changes in India.
  • Cyclical Industrial Demand. The demand for refractory products is highly dependent on the capital expenditure cycles of the steel, cement, and glass industries.
  • Energy Price Sensitivity. As a power generator and energy-intensive manufacturer, the company is exposed to volatility in fuel prices and electricity tariff structures.

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Key Metrics

REVENUE

₹406 Cr

TTM · consolidated

+24.0%YoY

NET PROFIT

₹26 Cr

TTM · consolidated

+130.8%YoY

EPS

₹2.18

TTM · consolidated

+129.5%YoY

RETURN ON EQUITY

8.9%

TTM · consolidated

+4.9 ppYoY

RETURN ON CAPITAL EMPLOYED

12.3%

TTM · consolidated

+5.7 ppYoY

P/E

20.1x

Q1 FY27 · consolidated

20.1 vs 42.4x5Y avg

EV/EBITDA

9.1x

Q1 FY27 · consolidated

9.1 vs 17.3x5Y avg

EBITDA MARGIN

15.0%

TTM · consolidated

+3.9 ppYoY

NET PROFIT MARGIN

8.5%

Q1 FY27 · consolidated

+4.1 ppYoY

DEBT TO EQUITY

18.9%

Q1 FY27 · consolidated

+0.9 ppYoY

Peers · Electrodes & Refractories

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Orient CeratechORIENTCER
₹525 Cr20.149.1324.0%15.0%8.9%12.3%+15.0%
Rhi Magnesita India LimitedRHIM
₹7,668 Cr-21.6915.238.5%12.6%-9.4%-5.8%-21.2%
Monolithisch IndMONOLITH
₹2,751 Cr24.0%+177.8%
IFGL Refractori.IFGLEXPOR
₹1,475 Cr36.0411.0515.4%7.5%3.6%5.5%-15.8%
Foseco Crucible India LimitedMORGANITE
₹1,013 Cr40.7417.15-1.3%33.1%13.8%19.5%+7.9%
DE Nora IndiaDENORA
₹431 Cr35.3622.5517.5%16.0%9.8%13.0%-2.6%

As of Q1 FY27

Financials