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Last Updated: April 2, 2026, 3:26 am
Author: Getaka|Social: XLinkedIn

Orient Cement Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹33.80Overvalued by 74.20%vs CMP ₹131.00

P/E (8.2) × ROE (5.1%) × BV (₹100.00) × DY (0.38%)

₹117.46Overvalued by 10.34%vs CMP ₹131.00
MoS: -11.5% (Negative)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹35.2220%Over (-73.1%)
Graham NumberEarnings₹188.4915%Under (+43.9%)
Earnings PowerEarnings₹47.6610%Over (-63.6%)
DCFCash Flow₹202.9312%Under (+54.9%)
Net Asset ValueAssets₹100.247%Over (-23.5%)
EV/EBITDAEnterprise₹173.378%Under (+32.3%)
Dividend DiscountDividends₹26.748%Over (-79.6%)
Earnings YieldEarnings₹157.907%Under (+20.5%)
ROCE CapitalReturns₹158.558%Under (+21%)
Revenue MultipleRevenue₹131.635%Fair (+0.5%)
Consensus (10 models)₹117.46100%Overvalued
Key Drivers: Wide model spread (₹27–₹203) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.2%

*Investments are subject to market risks

Investment Snapshot

53
Orient Cement Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 8.8% AverageROE 5.1% WeakD/E 0.60 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money20/100 · Weak
FII holding down -4.27% (6mo) SellingDII holding down 11.55% MF sellingPromoter holding at 72.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (17% → 13%) Declining
Quarterly Momentum90/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +177% YoY StrongOPM: 14.0% (up 5.0% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 8.2 vs industry 274.7 Cheaper than peersROCE 8.8% vs industry 8.9% AverageROE 5.1% vs industry 85.5% Below peers3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Orient Cement Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 8.2 vs Ind 274.7 | ROCE 8.8% | ROE 5.1% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.60x | IntCov 0.0x | Current 1.00x | Borrow/Reserve 0.04x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹91 Cr | CFO/NP N/A
Ownership Accumulation
-75
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -1.78 pp | DII -0.37 pp | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -1.1% | Q NP -42.9% | Q OPM -12.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-10.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-1.78 ppLatest FII% minus previous FII%
DII Change-0.37 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+6,375Latest shareholder count minus previous count
Quarterly Sales Change-1.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-42.9%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-12.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:26 am

Market Cap 2,696 Cr.
Current Price 131
Intrinsic Value₹117.46
High / Low 362/122
Stock P/E8.22
Book Value 100
Dividend Yield0.38 %
ROCE8.83 %
ROE5.12 %
Face Value 1.00
PEG Ratio1.95

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Orient Cement Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Orient Cement Ltd 2,696 Cr. 131 362/1228.22 1000.38 %8.83 %5.12 % 1.00
Sagar Cements Ltd 2,152 Cr. 165 300/149 1290.00 %2.19 %10.3 % 2.00
Heidelberg Cement India Ltd 3,302 Cr. 146 225/13623.2 57.84.80 %11.4 %7.48 % 10.0
KCP Ltd 1,721 Cr. 134 230/12511.1 1270.19 %13.0 %11.0 % 1.00
Rain Industries Ltd 3,864 Cr. 115 176/99.890.9 2210.87 %8.26 %0.60 % 2.00
Industry Average34,326.20 Cr1,677.64274.74574.270.69%8.92%85.54%7.13

All Competitor Stocks of Orient Cement Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 732876825721751888696544643825866643636
Expenses 642737726634636740600500585722684478546
Operating Profit 90139998711514896445810318316590
OPM % 12%16%12%12%15%17%14%8%9%12%21%26%14%
Other Income 1542286438212-4
Interest 1010109886666332
Depreciation 373637373838393938373710148
Profit before tax 459857427211058317681447436
Tax % 38%31%35%42%37%38%37%26%39%38%-42%33%23%
Net Profit 28673725456837210422054928
EPS in Rs 1.343.291.811.202.203.331.790.110.492.0510.002.391.35

Last Updated: February 4, 2026, 6:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 6:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,4371,5451,4621,8752,2222,5222,4222,3242,7252,9383,1852,7092,971
Expenses 1,2221,2391,2771,6961,9162,2102,0391,7732,1342,5732,7362,4072,430
Operating Profit 215307186179306312383551591365449302541
OPM % 15%20%13%10%14%12%16%24%22%12%14%11%18%
Other Income 96811191418181012152018
Interest 141454135129118122945138342313
Depreciation 564778122126133141142145147149153223
Profit before tax 15325161-667075137334404192281145322
Tax % 34%22%-2%-52%37%36%37%36%35%36%38%37%
Net Profit 10119562-3244488721426312317591324
EPS in Rs 4.939.513.04-1.572.162.324.2310.4512.856.008.534.4515.79
Dividend Payout % 30%18%33%-32%35%32%18%19%19%25%26%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)93.07%-68.21%-151.61%237.50%9.09%81.25%145.98%22.90%-53.23%42.28%-48.00%
Change in YoY Net Profit Growth (%)0.00%-161.27%-83.41%389.11%-228.41%72.16%64.73%-123.08%-76.13%95.51%-90.28%

Orient Cement Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:2%
3 Years:0%
TTM:-6%
Compounded Profit Growth
10 Years:-7%
5 Years:1%
3 Years:-30%
TTM:49%
Stock Price CAGR
10 Years:3%
5 Years:28%
3 Years:24%
1 Year:-29%
Return on Equity
10 Years:8%
5 Years:11%
3 Years:8%
Last Year:5%

Last Updated: September 5, 2025, 12:00 pm

Balance Sheet

Last Updated: December 4, 2025, 1:45 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 20202020202020202020202121
Reserves 8089551,0209671,0021,0331,0981,2851,5051,5831,7231,7872,042
Borrowings 3291,1061,2851,3361,3141,2901,2267983163981707072
Other Liabilities 404484571560601584555708809875943925829
Total Liabilities 1,5612,5662,8962,8832,9372,9272,9002,8122,6502,8772,8552,8032,963
Fixed Assets 8267982,2072,2962,2512,3552,2722,2072,1152,0102,0211,9901,864
CWIP 3281,3192399815848674140140892428
Investments 0000000115144114213
Other Assets 4084484504895285255624484817237347461,059
Total Assets 1,5612,5662,8962,8832,9372,9272,9002,8122,6502,8772,8552,8032,963

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 192156268259279281292714524111426205
Cash from Investing Activity + -279-922-371-124-149-120-73-16270-120-85-97
Cash from Financing Activity + 9272798-108-161-171-206-552-58635-334-136
Net Cash Flow 5-40-527-31-101308267-28
Free Cash Flow -137-766-104153132160215663471-18348146
CFO/OP 114%68%152%144%95%96%84%140%100%40%106%87%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-114.00306.00185.00178.00305.00311.00382.00-247.00275.00-33.00279.00232.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 161923212526241717212633
Inventory Days 114213236196230269269192192331269276
Days Payable 137214340268280270201207238203181198
Cash Conversion Cycle -719-81-52-2525932-29150114112
Working Capital Days -754-16-42-36-12-5-24-39-25216
ROCE %16%16%5%3%9%8%11%19%23%12%16%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 37.90%37.90%37.90%37.90%37.90%37.90%37.90%37.86%37.86%72.66%72.66%72.66%
FIIs 7.72%5.87%6.30%6.71%8.24%6.96%6.75%6.76%8.41%6.65%5.92%4.14%
DIIs 9.53%10.64%12.89%13.14%14.65%16.62%16.78%15.81%13.36%2.95%2.18%1.81%
Government 0.03%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.41%
Public 44.81%45.54%42.90%42.26%39.19%38.52%38.58%39.58%40.37%17.74%19.24%20.97%
No. of Shareholders 1,12,0721,02,50690,23886,86484,94090,87191,85381,97676,71884,98595,5171,01,892

Shareholding Pattern Chart

No. of Shareholders

Orient Cement Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 5,865,268 0.37 152.535,865,2682025-04-22 17:25:240%
Aditya Birla Sun Life Pure Value Fund 3,773,553 1.9 98.133,773,5532025-04-22 15:56:550%
ICICI Prudential Commodities Fund 1,815,049 2.87 47.21,815,0492025-04-22 17:25:240%
Mahindra Manulife Multi Cap Fund 1,650,000 1.74 42.911,650,0002025-04-22 17:25:240%
Aditya Birla Sun Life Small Cap Fund 1,334,141 0.69 34.691,334,1412025-04-22 17:25:240%
Quant Value Fund 1,312,549 3.85 34.131,312,5492025-04-22 15:56:550%
HDFC Multi Cap Fund 1,110,000 0.29 28.871,110,0002025-04-22 15:56:550%
Mahindra Manulife Small Cap Fund 954,743 0.97 24.83954,7432025-04-22 17:25:240%
ICICI Prudential Infrastructure Fund 876,446 0.62 22.79876,4462025-04-22 15:56:550%
Bandhan Small Cap Fund 537,132 0.43 13.97537,1322025-04-22 17:25:240%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 4.458.535.9912.8510.45
Diluted EPS (Rs.) 4.458.535.9912.8510.45
Cash EPS (Rs.) 11.9115.8213.1619.9417.38
Book Value[Excl.RevalReserv]/Share (Rs.) 88.1485.0978.2874.4663.74
Book Value[Incl.RevalReserv]/Share (Rs.) 88.1485.0978.2874.4663.74
Dividend / Share (Rs.) 0.502.251.502.502.00
Revenue From Operations / Share (Rs.) 132.07155.47143.39133.03113.44
PBDIT / Share (Rs.) 15.6622.6918.3829.3227.78
PBIT / Share (Rs.) 8.2015.4011.2122.2320.85
PBT / Share (Rs.) 7.0913.749.3719.7216.28
Net Profit / Share (Rs.) 4.458.535.9912.8510.45
PBDIT Margin (%) 11.8514.5912.8122.0324.48
PBIT Margin (%) 6.209.907.8216.7118.38
PBT Margin (%) 5.378.836.5314.8214.35
Net Profit Margin (%) 3.365.484.189.659.21
Return on Networth / Equity (%) 5.0410.037.6517.2516.40
Return on Capital Employeed (%) 7.3513.9311.0823.0318.34
Return On Assets (%) 3.256.124.269.937.61
Long Term Debt / Equity (X) 0.010.040.060.090.60
Total Debt / Equity (X) 0.010.070.240.200.60
Asset Turnover Ratio (%) 0.951.111.060.990.81
Current Ratio (X) 1.381.160.830.641.00
Quick Ratio (X) 0.760.580.390.360.65
Inventory Turnover Ratio (X) 8.233.914.959.546.70
Dividend Payout Ratio (NP) (%) 33.6720.5037.5317.5111.95
Dividend Payout Ratio (CP) (%) 12.5811.0617.0911.287.19
Earning Retention Ratio (%) 66.3379.5062.4782.4988.05
Cash Earning Retention Ratio (%) 87.4288.9482.9188.7292.81
Interest Coverage Ratio (X) 14.1613.619.9711.686.08
Interest Coverage Ratio (Post Tax) (X) 5.026.124.256.123.29
Enterprise Value (Cr.) 6955.344073.032570.803183.212755.39
EV / Net Operating Revenue (X) 2.571.280.871.171.19
EV / EBITDA (X) 21.668.766.835.304.84
MarketCap / Net Operating Revenue (X) 2.571.260.761.070.86
Retention Ratios (%) 66.3279.4962.4682.4888.04
Price / BV (X) 3.862.311.401.911.54
Price / Net Operating Revenue (X) 2.571.260.761.070.86
EarningsYield 0.010.040.050.090.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Orient Cement Ltd. is a Public Limited Listed company incorporated on 22/07/2011 and has its registered office in the State of Orissa, India. Company's Corporate Identification Number(CIN) is L26940OR2011PLC013933 and registration number is 013933. Currently Company is involved in the business activities of Manufacture of cement, lime and plaster. Company's Total Operating Revenue is Rs. 2708.83 Cr. and Equity Capital is Rs. 20.51 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
CementUnit VIII, Plot No.7, Bhubaneshwar Orissa 751012Contact not found
Management
NamePosition Held
Mr. Vinod BahetyChairman
Mr. Vaibhav DixitWholeTime Director & CEO
Mr. Rakesh Kumar TiwaryNon Executive Director
Mr. Sudhir NanavatiIndependent Director
Mr. Ravi KapoorIndependent Director
Ms. Shruti ShahIndependent Director

FAQ

What is the intrinsic value of Orient Cement Ltd and is it undervalued?

As of 05 April 2026, Orient Cement Ltd's intrinsic value is ₹117.46, which is 10.34% lower than the current market price of ₹131.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.12 %), book value (₹100), dividend yield (0.38 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Orient Cement Ltd?

Orient Cement Ltd is trading at ₹131.00 as of 05 April 2026, with a FY2026-2027 high of ₹362 and low of ₹122. The stock is currently near its 52-week low. Market cap stands at ₹2,696 Cr..

How does Orient Cement Ltd's P/E ratio compare to its industry?

Orient Cement Ltd has a P/E ratio of 8.22, which is below the industry average of 274.74. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Orient Cement Ltd financially healthy?

Key indicators for Orient Cement Ltd: ROCE of 8.83 % is on the lower side compared to the industry average of 8.92%; ROE of 5.12 % is below ideal levels (industry average: 85.54%). Dividend yield is 0.38 %.

Is Orient Cement Ltd profitable and how is the profit trend?

Orient Cement Ltd reported a net profit of ₹91 Cr in Mar 2025 on revenue of ₹2,709 Cr. Compared to ₹263 Cr in Mar 2022, the net profit shows a declining trend.

Does Orient Cement Ltd pay dividends?

Orient Cement Ltd has a dividend yield of 0.38 % at the current price of ₹131.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Orient Cement Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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