Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Oriental Carbon & Chemicals Ltd

About the Company - Oriental Carbon & Chemicals Ltd

Oriental Carbon & Chemicals Ltd. is a Public Limited Listed company incorporated on 19/06/1978 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24297GJ1978PLC133845 and registration number is 031539. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 387.79 Cr. and Equity Capital is Rs. 9.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Carbon BlackDUNCAN HOUSE 31, Netaji Subhas Road Kolkata West Bengal 700001investorfeedback@occlindia.com
http://www.occlindia.com
Management
NamePosition Held
Mr. Jagdish Prasad GoenkaChairman
Mr. Arvind GoenkaManaging Director
Mr. Akshat GoenkaJoint Managing Director
Mr. Suman Jyoti KhaitanIndependent Director
Mr. Om Prakash DubeyIndependent Director
Mr. Brij Behari TandonIndependent Director
Mr. Kailasam RaghuramanIndependent Director
Mrs. Runa MukherjeeIndependent Director
Ms. Kiran SahdevNominee Director

Basic Stock Data of Oriental Carbon & Chemicals Ltd

Last Updated: June 19, 2024, 2:29 pm

Market Cap 784 Cr.
Current Price 785
High / Low939/590
Stock P/E17.0
Book Value 638
Dividend Yield1.79 %
ROCE9.75 %
ROE7.44 %
Face Value 10.0
PEG Ratio-1.80

Competitors of Oriental Carbon & Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
PCBL Ltd 9,821 Cr. 260344/15120.0 86.02.11 %14.2 %16.2 % 1.00
Industry Average9,821.00 Cr260.0020.0086.002.11%14.20%16.20%1.00

Oriental Carbon & Chemicals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales119.45118.4792.20113.08109.51126.40152.91140.91119.75122.29124.80111.43103.56
Expenses76.0580.3773.3988.1487.82106.76123.15115.9792.8294.2690.8987.8685.78
Operating Profit43.4038.1018.8124.9421.6919.6429.7624.9426.9328.0333.9123.5717.78
OPM %36.33%32.16%20.40%22.06%19.81%15.54%19.46%17.70%22.49%22.92%27.17%21.15%17.17%
Other Income0.852.655.331.660.471.741.641.030.170.291.830.540.52
Interest1.371.451.191.231.362.993.123.563.233.093.133.022.57
Depreciation5.416.075.625.815.946.827.147.347.737.207.467.597.65
Profit before tax37.4733.2317.3319.5614.8611.5721.1415.0716.1418.0325.1513.508.08
Tax %21.06%7.43%23.89%28.17%18.91%40.36%24.46%26.41%20.69%23.96%31.25%27.70%9.65%
Net Profit29.5730.7513.2014.0512.056.8915.9811.0912.8013.7217.309.767.30
EPS in Rs29.0427.7812.8213.3511.325.6214.989.4411.6212.6416.318.976.69

Last Updated: June 10, 2024, 3:43 pm

Oriental Carbon & Chemicals Ltd Quarterly Chart

Oriental Carbon & Chemicals Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales287331347307332369432387384444536462
Expenses231261277228245266304282257356425359
Operating Profit577069798610312810512688110103
OPM %20%21%20%26%26%28%30%27%33%20%21%22%
Other Income9712464693823
Interest151410879910781312
Depreciation121316171718202122242930
Profit before tax38505559698010683100637065
Tax %26%19%18%22%30%29%28%9%17%27%24%
Net Profit284145464857777583465448
EPS in Rs26.8439.3346.9048.1049.7655.1975.2073.2179.0843.1148.6944.61
Dividend Payout %19%18%18%18%20%18%16%14%18%32%29%

Oriental Carbon & Chemicals Ltd Profit & Loss Yearly Chart

Oriental Carbon & Chemicals Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:11%
TTM:-14%
Compounded Profit Growth
10 Years:7%
5 Years:-3%
3 Years:-12%
TTM:7%
Stock Price CAGR
10 Years:17%
5 Years:-8%
3 Years:-6%
1 Year:3%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:10%
Last Year:8%

Last Updated: April 16, 2024, 6:12 pm

Oriental Carbon & Chemicals Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital101010101010101010101010
Reserves165197234273326371399455523551592611
Borrowings13412010786111122132154185189167129
Other Liabilities777888827985917896115117114
Total Liabilities386405439451527589631697814865886864
Fixed Assets218222215207327328361354342453478471
CWIP324403403251134113
Investments5112716386193133185181225214
Other Assets160169193189159160174185173190181175
Total Assets386405439451527589631697814865886864

Oriental Carbon & Chemicals Ltd Reserves and Borrowings Chart

Oriental Carbon & Chemicals Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 325370708294931159161105
Cash from Investing Activity -4-21-31-40-82-74-49-85-129-41-54
Cash from Financing Activity -29-34-34-38-2-12-50-1016-21-52
Net Cash Flow-0-25-9-28-620-21-0-1

Oriental Carbon & Chemicals Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days727171729380756777715664
Inventory Days170157149197162169152134168151118148
Days Payable797383779491636188704459
Cash Conversion Cycle162155137193160158165140156152130154
Working Capital Days7366617078667370868474186
ROCE %18%19%18%18%18%22%15%16%9%11%

Oriental Carbon & Chemicals Ltd Financial Efficiency Indicators Chart

Oriental Carbon & Chemicals Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%51.76%
FIIs0.75%0.79%1.02%1.18%1.36%1.40%1.28%1.29%0.69%0.74%0.74%0.69%
DIIs15.58%15.23%14.58%14.58%14.23%14.14%13.77%13.14%12.84%11.75%11.75%11.73%
Public31.91%32.22%32.64%32.48%32.64%32.70%33.19%33.81%34.72%35.74%35.75%35.82%
No. of Shareholders18,54919,98919,71519,84719,80419,77119,54919,28819,06519,95220,23820,616

Oriental Carbon & Chemicals Ltd Shareholding Pattern Chart

No. of Oriental Carbon & Chemicals Ltd Shareholders

Oriental Carbon & Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan545,7900.1641.2856,2602024-06-17870.12%
HDFC Large and Mid Cap Fund - Regular Plan262,2000.1519.8356,2602024-06-17366.05%
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan59,4000.374.4956,2602024-06-175.58%
HDFC Retirement Savings Fund - Equity - Regular Plan56,2600.114.2656,2602024-06-170%
HDFC Retirement Savings Fund - Hybrid Debt - Regular Plan2,6000.130.256,2602024-06-17-95.38%

Oriental Carbon & Chemicals Ltd ROCE Trend

Oriental Carbon & Chemicals Ltd EPS Trend

Oriental Carbon & Chemicals Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)46.1948.6979.0879.0873.21
Diluted EPS (Rs.)46.1948.6979.0879.0873.21
Cash EPS (Rs.)79.9683.0770.46105.0096.16
Book Value[Excl.RevalReserv]/Share (Rs.)664.61626.15579.79548.10475.56
Book Value[Incl.RevalReserv]/Share (Rs.)664.61626.15579.79548.10475.56
Revenue From Operations / Share (Rs.)464.13536.39444.15373.66386.59
PBDIT / Share (Rs.)108.14112.9093.47128.94115.31
PBIT / Share (Rs.)77.8283.4769.26106.8993.88
PBT / Share (Rs.)66.6070.4663.38100.3582.56
Net Profit / Share (Rs.)49.6353.6446.2482.9474.73
NP After MI And SOA / Share (Rs.)46.1948.6943.1178.9573.10
PBDIT Margin (%)23.3021.0421.0434.5029.82
PBIT Margin (%)16.7615.5615.5928.6024.28
PBT Margin (%)14.3413.1314.2726.8521.35
Net Profit Margin (%)10.6910.0010.4122.1919.33
NP After MI And SOA Margin (%)9.959.079.7021.1218.90
Return on Networth / Equity (%)7.238.077.6714.8115.74
Return on Capital Employeed (%)10.2011.199.7315.4815.60
Return On Assets (%)5.155.484.979.7010.49
Long Term Debt / Equity (X)0.070.120.160.210.20
Total Debt / Equity (X)0.200.260.320.280.29
Asset Turnover Ratio (%)0.520.540.470.440.52
Current Ratio (X)2.212.131.862.522.89
Quick Ratio (X)1.691.631.422.132.45
Inventory Turnover Ratio (X)2.442.792.641.971.87
Dividend Payout Ratio (NP) (%)0.0028.7539.4312.6416.39
Dividend Payout Ratio (CP) (%)0.0017.9225.249.8812.67
Earning Retention Ratio (%)0.0071.2560.5787.3683.61
Cash Earning Retention Ratio (%)0.0082.0874.7690.1287.33
Interest Coverage Ratio (X)9.648.6815.9119.7212.06
Interest Coverage Ratio (Post Tax) (X)5.435.128.8713.689.00
Enterprise Value (Cr.)808.28841.58992.151077.61563.12
EV / Net Operating Revenue (X)1.741.572.242.881.46
EV / EBITDA (X)7.487.4610.628.354.88
MarketCap / Net Operating Revenue (X)1.421.241.802.451.45
Retention Ratios (%)0.0071.2460.5687.3583.60
Price / BV (X)1.031.101.431.721.20
Price / Net Operating Revenue (X)1.421.241.802.451.45
EarningsYield0.060.070.050.080.13

Oriental Carbon & Chemicals Ltd Profitability Ratios (%)

Oriental Carbon & Chemicals Ltd Liquidity Ratios

Oriental Carbon & Chemicals Ltd Liquidity Ratios (%)

Oriental Carbon & Chemicals Ltd Interest Coverage Ratios (%)

Oriental Carbon & Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 821.39

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 4.64% compared to the current price 785

Intrinsic Value: 743.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 5.23% compared to the current price ₹785

Last 5 Year EPS CAGR: -9.43%

*Investments are subject to market risks

Strength and Weakness of Oriental Carbon & Chemicals Ltd

StrengthWeakness
  1. The company has higher reserves (391.42 cr) compared to borrowings (136.33 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (384.83 cr) and profit (69.83 cr) over the years.
  1. The stock has a low average ROCE of 13.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 82.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 155.17, which may not be favorable.

Should I Buy Oriental Carbon & Chemicals Ltd?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Oriental Carbon & Chemicals Ltd:
    1. Net Profit Margin: 10.69%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.20% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.23% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 5.43
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.69
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 17.0 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.20
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Oriental Carbon & Chemicals Ltd?

The latest fair value of Oriental Carbon & Chemicals Ltd is ₹821.39.

What is the Market Cap of Oriental Carbon & Chemicals Ltd?

The Market Cap of Oriental Carbon & Chemicals Ltd is 784 Cr..

What is the current Stock Price of Oriental Carbon & Chemicals Ltd as on 21 June 2024?

The current stock price of Oriental Carbon & Chemicals Ltd as on 21 June 2024 is ₹785.

What is the High / Low of Oriental Carbon & Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Oriental Carbon & Chemicals Ltd stocks is 939/590.

What is the Stock P/E of Oriental Carbon & Chemicals Ltd?

The Stock P/E of Oriental Carbon & Chemicals Ltd is 17.0.

What is the Book Value of Oriental Carbon & Chemicals Ltd?

The Book Value of Oriental Carbon & Chemicals Ltd is 638.

What is the Dividend Yield of Oriental Carbon & Chemicals Ltd?

The Dividend Yield of Oriental Carbon & Chemicals Ltd is 1.79 %.

What is the ROCE of Oriental Carbon & Chemicals Ltd?

The ROCE of Oriental Carbon & Chemicals Ltd is 9.75 %.

What is the ROE of Oriental Carbon & Chemicals Ltd?

The ROE of Oriental Carbon & Chemicals Ltd is 7.44 %.

What is the Face Value of Oriental Carbon & Chemicals Ltd?

The Face Value of Oriental Carbon & Chemicals Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Oriental Carbon & Chemicals 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