ORIENTCERIndustrials

ORIENT CERATECH LIMITED

Electrodes & Refractories · ISIN INE569C01020 · BSE 504879 · NSE EQ · FV ₹1
Last price
₹46
+2.88%today
What this company does

ORIENT CERATECH LIMITED operates in Electrodes & Refractories, part of the Industrials sector. It booked ₹101 cr of revenue in its latest quarter (Q1 FY27) and kept 8.5% of sales as profit. It is the 7th largest of 8 Electrodes & Refractories companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
57

At close. Not part of the score.

Profitability & returns64

How much profit it earns on the money it employs

Balance sheet73

How much it owes, and whether earnings cover the interest

Cash quality65

Whether reported profit actually arrives as cash

Growth & consistency68

Whether sales and profit have grown, and how steadily

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 99% vs last year
Promoters hold 64%
No promoter shares pledged
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ORIENTCER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 9% a year, it would become
₹19.11 lakh

The slider starts at 9%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹46 +2.88%
latest close · 2026-09-17
1-year return
+64.7%
52-wk low ₹2452-wk high ₹49
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.1Low
LowAverageHigh
P/B ratio1.83Moderate
Below bookModerateHigh
EV / EBITDA8.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.3%Fair
WeakFairStrong ▸15%
Return on capital17.5%Strong
WeakFairStrong
Net margin8.5%Decent
ThinDecentStrong
EBITDA margin17.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.13Comfortable
LowModerateHigh ▸1
Interest cover11.1×Strong
RiskyOkayStrong ▸5×
Current ratio3.07Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹552 cr
Book value
₹25
EPS
₹0.88
latest quarter
Net debt
₹32 cr
owes more than its cash
Enterprise value
₹583 cr
EBITDA
₹72 cr
annualised
EBIT
₹59 cr
annualised
Operating margin
14.6%
Return on assets
8.2%
Earnings yield
7.63%
P/S
1.37
Sales / share
₹33.6
Tax rate
21.3%
Face value
₹1
Shares
12.0 cr
Working capital
₹164 cr
Current assets
₹243 cr
Current liabilities
₹79 cr
Delivery %
55.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹8₹11, midpoint ₹10

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹101 cr
Other Income₹2 cr
Total Income₹102 cr
Cost of Materials₹36 cr
Purchases of Stock-in-Trade₹2 cr
Inventory Change (±)₹-9 cr
Employee Benefit Expense₹12 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹43 cr
Total Expenses₹89 cr
Profit before Tax₹13 cr
Tax Expense₹3 cr
Net Profit₹9 cr
Net margin on total income8.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹29 cr29.3%
Employee benefit expense₹12 cr12.2%
Finance costs₹1 cr1.3%
Depreciation & amortisation₹3 cr3.2%
Other expenses₹43 cr42.6%
Tax expense₹3 cr2.8%
Profit for the period₹9 cr8.5%
Total income ₹102 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue93 cr98 cr101 cr
Total income95 cr104 cr102 cr
Expenses87 cr97 cr89 cr
Profit before tax6 cr7 cr13 cr
Tax1 cr1 cr3 cr
Net profit (owners' share)4 cr6 cr9 cr
Net margin (owners' share, on revenue)4.7%5.8%8.5%
EPS (₹)0.370.470.88
YoY (latest quarter): total income +2.7% · net profit +99.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹416 cr
Shareholder equity
₹302 cr
parent shareholders
Total debt
₹40 cr
Cash
₹8 cr
Cash flow · H1 FY26
Operating
₹29 cr
Investing
₹-1 cr
Financing
₹-27 cr
Peer comparison
Electrodes & Refractories · by market value
CompanyPriceMarket capP/E
Graphite India Limited₹814₹15,875 cr23.1
Vesuvius India Limited₹400₹8,120 cr34.7
Raghav Productivity Enhancers Limited₹1,654₹7,597 cr97.1
RHI MAGNESITA INDIA LIMITED₹366₹7,557 cr29.2
HEG Limited₹226₹4,358 cr8.9
IFGL Refractories Limited₹198₹1,425 cr20.8
ORIENT CERATECH LIMITEDthis company₹46₹552 cr13.1
De Nora India Limited₹785₹417 cr16.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.76%
trailing 12 months
Dividend / share (TTM)
₹0.35
Last dividend
₹0.35
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹0.35 / share17 Sep 2026
Dividend₹0.25 / share16 Sep 2025
Dividend₹0.25 / share23 Sep 2024
Dividend₹0.25 / share18 Sep 2023
Dividend₹0.15 / share16 Sep 2022
Dividend₹0.15 / share15 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
63.9%
FII / Foreign
13.3%
DII / Domestic
0.0%
Retail / others
22.8%
Promoter stake up 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtKETAN SHRIMANKAR · Designated Person600 · ₹26,5048 Sep 26
BoughtKETAN SHRIMANKAR · Designated Person1,600 · ₹70,6768 Sep 26
BoughtKETAN SHRIMANKAR · Designated Person449 · ₹19,9397 Sep 26
Bulk / block deals
SoldBOMBAY MINERALS LIMITED · NSE11.60 L @ ₹36.9624 Mar 26
BoughtASHAPURA INTERNATIONAL LIMITED · NSE11.60 L @ ₹36.9724 Mar 26
SoldBOMBAY MINERALS LIMITED · NSE13.00 L @ ₹38.9420 Mar 26
Stake changes
SoldBOMBAY MINERALS LIMITED · promoter→ 23.72% · 11.60 L24 Mar 26
BoughtAshapura International Limited · promoter→ 8.35% · 11.60 L24 Mar 26
SoldBOMBAY MINERALS LIMITED · promoter→ 24.69% · 13.00 L20 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 6 Feb 2026
See the official result
1
REGULARIZATION OF THE APPOINTMENT OF MRS. AKHILA AGNIHOTRI SAMDARIA (DIN: 07028159) AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
Backed by 96% of shareholders other than promotersneeded 75%
2.45 L votes for, 9,897 against
2
REAPPOINTMENT OF MR. MANAN SHAH (DIN: 06378095) AS MANAGING DIRECTOR OF THE COMPANY
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 75%
2.46 L votes for, 9,198 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 63.9% between them · as of 2026-06-30
CURA GLOBAL HOLDINGS LIMITED23.73%
BOMBAY MINERALS LIMITED23.72%
ASHAPURA INTERNATIONAL LIMITED8.35%
MANAN CHETAN SHAH5.70%
CHETAN NAVNITLAL SHAH2.16%
HIMANI CHETAN SHAH0.14%
CHAITALI NISHIT SALOT0.09%
ANKUR HITENDRA SHAHno shares
Business done with them
FY2025 · 4 of the group
The company paid ₹22 cr to companies in the promoter group last year — about 6.6% of its ₹327 cr revenue and received ₹15 cr back from them.
BOMBAY MINERALS LIMITED
Bought goods from them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 23.72% of the company
₹18 cr
company paid
BOMBAY MINERALS LIMITED
Sold goods to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 23.72% of the company
₹6 cr
company received
ASHAPURA INTERNATIONAL LIMITED
Sold goods to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 8.35% of the company
₹5 cr
company received
BOMBAY MINERALS LIMITED
Provided services to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 23.72% of the company
₹4 cr
company received
ASHAPURA MINECHEM LTD
Other payments to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹1 cr
company paid
ASHAPURA MINECHEM LTD
Bought goods from them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹89.8 L
company paid
ASHAPURA MINECHEM LTD
Paid them for services · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹60.9 L
company paid
ASHAPURA INTERNATIONAL LIMITED
Paid them for services · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 8.35% of the company
₹38.9 L
company paid
ASHAPURA MINECHEM LTD
Contribution made to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹23.1 L
company paid
ASHAPURA MINECHEM LTD
Bought property or assets from them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹19.2 L
company paid
ASHAPURA MINECHEM LTD
Sold goods to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹10.8 L
company received
ASHAPURA MINECHEM LTD
Leases As Lessee · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹10.3 L
company received
BOMBAY MINERALS LIMITED
Bought property or assets from them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 23.72% of the company
₹5.2 L
company paid
ASHAPURA INTERNATIONAL LIMITED
Bought goods from them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 8.35% of the company
₹4.3 L
company paid
ASHAPURA MINECHEM LTD
Provided services to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹3.1 L
company received
BOMBAY MINERALS LIMITED
Leases As Lessee · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
also owns 23.72% of the company
₹3 L
company received
ASHAPURA MINECHEM LTD
Sold property or assets to them · Enterprises having significant influence over the company being owned and controlled by principal shareholder, entities owned/controlled by such enterprise and entities in which the relatives of the KMP are interested
₹1.4 L
company received
CHAITALI NISHIT SALOT
Other payments to them · Key Managerial Personnel (KMP)
also owns 0.09% of the company
₹1 L
company paid

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.