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.

Price

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Key Metrics

REVENUE

₹404 Cr

TTM · consolidated

+23.5%YoY

NET PROFIT

₹22 Cr

TTM · consolidated

+120.1%YoY

EPS

₹1.83

TTM · consolidated

+120.5%YoY

RETURN ON EQUITY

7.6%

TTM · consolidated

+4.0 ppYoY

RETURN ON CAPITAL EMPLOYED

10.0%

TTM · consolidated

+3.5 ppYoY

P/E

23.0x

Q4 FY26 · consolidated

23.0 vs 41.8x5Y avg

EV/EBITDA

10.0x

Q4 FY26 · consolidated

10.0 vs 16.9x5Y avg

EBITDA MARGIN

13.3%

TTM · consolidated

+2.7 ppYoY

NET PROFIT MARGIN

5.8%

Q4 FY26 · consolidated

+1.7 ppYoY

DEBT TO EQUITY

13.1%

Q4 FY26 · consolidated

-11.9 ppYoY

Peers · Electrodes & Refractories

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Orient CeratechORIENTCER
45423.0310.0023.5%13.3%7.6%10.0%+2.3%
Raghav Productivity Enhancers Ltd.RPEL
2,830109.1677.3628.8%30.1%26.5%32.5%+85.3%
IFGL Refractori.IFGLEXPOR
1,00145.5511.8114.6%7.7%3.1%5.0%-61.3%
Monolithisch IndMONOLITH
84324.0%+77.1%
Morganite CrucibMORGANITE
67435.4612.91-1.3%33.1%16.1%24.6%
DE Nora IndiaDENORA
36652.5532.7077.3%11.5%7.4%9.8%-6.1%

As of Q4 FY26

Financials