ORIENTCEM

Orient Cement share price & financials

Cement manufacturer (Devapur, Telangana & Chittapur, Karnataka plants) with 8.5 MTPA capacity, now part of Ambuja/Adani Group.

Price: ₹137.45
Market cap: ₹2.9k Cr
Sector: Construction Materials
Calls analysed: 5

What Orient Cement Limited does

Orient Cement Limited manufactures and sells cement, clinker and a range of value-added cement products (including PPC, OPC 43/53 Grade, and premium water-repellent and green cement) from integrated manufacturing plants at Devapur (Telangana) and Chittapur (Karnataka), supported by a grinding unit at Jalgaon (Maharashtra). It sells through a network of dealers and channel partners across Maharashtra, Karnataka, Telangana, Andhra Pradesh, Madhya Pradesh and South Gujarat. The company was acquired by Ambuja Cements (Adani Group) in April 2025, and under a Master Supply/Service Agreement its clinker and cement are now also sourced in bulk and marketed under the Ambuja and ACC brands.

Segments

Cement

Cement production capacity: 8.5 MTPA
Clinker production capacity: 5.5 MTPA
Manufacturing plants: 3 (integrated plants at Devapur, Telangana and Chittapur, Karnataka, plus a grinding unit at Jalgaon, Maharashtra)
Key market geographies: Maharashtra, Karnataka, Telangana, Andhra Pradesh, Madhya Pradesh and South Gujarat
Captive power capacity: 95 MW
Waste Heat Recovery System (WHRS) capacity: 10 MW

Headquarters Ahmedabad, Gujarat, India Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 0 delivered 3 missed 14 open

Total Cement Capacity missed said Q1 FY26 Promised: 118 million tonnes by end of FY26 Q1 FY27: Deadline passed in Q4 FY26.
Total Cement Capacity delayed said Q1 FY26 Promised: 140 million tonnes by FY28 Q1 FY27: Management reiterates new path of 119 MTPA by FY27 and 8-10 MTPA annual additions thereafter, confirming the delay of the original 155 MTPA by FY28 target.
Total Cost per metric ton on track said Q2 FY26 Promised: INR 3,650 per ton by March '28 Q1 FY27: Management reiterated the target of INR 4,000 or below by FY28, following the INR 250/ton reduction planned for FY27.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 30.3%, net profit down 62.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	544	643	825	866	643 +18%	636 −1%	647 −22%	604 −30%
Expenses	500	585	722	684	478	546	539	460
EBITDA	44	58	103	182	165 +275%	90 +55%	108 +5%	144 −21%
Margin	8%	9%	12%	21%	26%	14%	17%	24%
Other income	4	3	8	2	12	-4	6	5
Interest	6	6	6	3	3	2	5	3
Depreciation	39	38	37	37	101	48	45	43
Profit before tax	3	17	68	144	74 +2367%	36 +112%	64 −6%	103 −28%
Tax rate	26%	39%	38%	-42%	33%	23%	13%	25%
Net profit	2	10	42	205	49 +2350%	28 +180%	55 +31%	77 −62%
EPS	0.11	0.49	2.05	9.98	2.39	1.35	2.70	3.75

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −43.3% 1Y

1Y: ₹221.58 on 10 Sept 2025 → ₹125.58. High ₹234.83 (23 Sept 2025), low ₹122.89 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27: −1.0%; 28 Jul
Q4 FY26: −1.9%; 10 May
Q3 FY26: −4.5%; 30 Jan
Q2 FY26: +1.7%; 3 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 1.7% a year over 3 years, FY23 to FY26. Operating margin widened to 19.5%.

Year ending	FY23	FY24	FY25	FY26
Revenue	₹2.9k Cr	₹3.2k Cr	₹2.7k Cr	₹2.8k Cr
Operating profit	₹364 Cr	₹449 Cr	₹301 Cr	₹545 Cr
Operating margin	12.4%	14.1%	11.1%	19.5%
Interest	₹39 Cr	₹35 Cr	₹24 Cr	₹13 Cr
Depreciation	₹146 Cr	₹150 Cr	₹153 Cr	₹231 Cr
Net profit	₹122 Cr	₹175 Cr	₹91 Cr	₹337 Cr
Net margin	4.2%	5.5%	3.4%	12.1%
ROCE	12.0%	16.0%	9.0%	16.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹20 Cr	₹20 Cr	₹20 Cr	₹20 Cr	₹21 Cr	₹21 Cr
Reserves	₹1.3k Cr	₹1.5k Cr	₹1.6k Cr	₹1.7k Cr	₹2.0k Cr	₹2.1k Cr
Borrowings	₹798 Cr	₹316 Cr	₹398 Cr	₹170 Cr	₹72 Cr	₹72 Cr
Other liabilities	₹708 Cr	₹809 Cr	₹875 Cr	₹943 Cr	₹829 Cr	₹915 Cr
Total liabilities	₹2.8k Cr	₹2.6k Cr	₹2.9k Cr	₹2.9k Cr	₹3.0k Cr	₹3.1k Cr
Fixed assets	₹2.2k Cr	₹2.1k Cr	₹2.0k Cr	₹2.0k Cr	₹1.9k Cr	₹1.8k Cr
Capital work in progress	₹41 Cr	₹40 Cr	₹140 Cr	₹89 Cr	₹28 Cr	₹32 Cr
Investments	₹115 Cr	₹14 Cr	₹4 Cr	₹11 Cr	₹13 Cr	₹13 Cr
Other assets	₹448 Cr	₹481 Cr	₹723 Cr	₹734 Cr	₹1.1k Cr	₹1.3k Cr
Total assets	₹2.8k Cr	₹2.6k Cr	₹2.9k Cr	₹2.9k Cr	₹3.0k Cr	₹3.1k Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Learn to analyse Orient Cement Limited

Guides on how to read this kind of business and the numbers that matter.