Orient Ceratech share price & results
- Jun 2026
- Sept 2026
Ashapura Group company making refractory & ceramic products and ceramic proppants for oil & gas wells, with captive wind and thermal power generation.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 101 | +4.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.1 | +8.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 8.6 | +99.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.33 | +4.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 10.68 | +11.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 24.40 | +19.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +4.6% 1Y
1Y: ₹37.39 on 24 Oct 2025 → ₹39.11. High ₹55.07 (2 Jan 2026), low ₹34.46 (30 Mar 2026).
- Previous close
- ₹37.92
- Market cap
- ₹465 Cr
- 52-week range
- ₹34.46 – ₹55.07
- One year
- +5.28%
- Price to earnings (TTM to Jun 2026)
- 14.04×
- Return on equity (TTM to Jun 2026)
- 11.33%
Overview
- Symbol
- NSE:ORIENTCER
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Orient Ceratech Limited does
Based on the company's own presentations, annual report and earnings calls.
Orient Ceratech Limited (formerly Orient Abrasives Limited) runs a Refractory division supplying refractory and ceramic products used mainly by the steel and casting industries, and an Oil and Gas division making Ceramic Proppants used in hydraulic fracturing to extend the life of oil and gas wells. It also generates power for sale/captive use through 11.1 MW of wind turbines in Rajasthan and Karnataka and 18 MW of thermal plants (9 MW coal-based and 9 MW furnace oil-based). Refractory and ceramic manufacturing is also carried out through its wholly owned subsidiary, Orient Advanced Materials Private Limited, with a second subsidiary, Orient Advanced Materials FZE, handling trading of ceramic products overseas.
Segments
- Refractory
- Oil & Gas (Ceramic Proppants)
- Wind Power
- Thermal Power
- Wind power installed capacity
- 11.1 MW (Rajasthan & Karnataka)
- Thermal power installed capacity
- 18 MW (9 MW coal-based + 9 MW furnace oil-based)
- Manufacturing works location
- GIDC Industrial Area, Porbandar, Gujarat
- Wholly owned subsidiaries
- 2 (Orient Advanced Materials Pvt. Ltd. - manufacturing; Orient Advanced Materials FZE - trading)
- Business divisions
- 4 (Refractory, Oil & Gas/Proppants, Wind Power, Thermal Power)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2011 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +99% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 70 | 74 | 85 | 96 | 114 | 93 | 97 | 101 |
| Expenses | 63 | 68 | 75 | 88 | 101 | 82 | 86 | 84 |
| Operating profit | 7 | 6 | 9 | 8 | 13 | 12 | 11 | 16 |
| Operating margin | 10.1% | 8.4% | 10.8% | 8.1% | 11.2% | 12.5% | 11.8% | 16.1% |
| Other income | 1 | 1 | 1 | 2 | 2 | -1 | 1 | -0 |
| Interest | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 3 |
| Profit before tax | 3 | 2 | 5 | 5 | 10 | 6 | 8 | 11 |
| Tax rate | 28.6% | 20.5% | 24.2% | 19.2% | 23.6% | 25.1% | 30.1% | 24.9% |
| Net profit | 2 | 2 | 3 | 4 | 7 | 4 | 6 | 9 |
| EPS (₹ per share) | 0.15 | 0.14 | 0.29 | 0.36 | 0.63 | 0.37 | 0.47 | 0.72 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 302 | 313 | 327 | 400 |
| Expenses | 277 | 279 | 296 | 357 |
| Operating profit | 26 | 34 | 31 | 44 |
| Other income | 8 | 7 | 4 | 4 |
| Interest | 3 | 3 | 7 | 5 |
| Depreciation | 12 | 14 | 14 | 13 |
| Profit before tax | 18 | 24 | 13 | 29 |
| Net profit | 14 | 19 | 10 | 22 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 236 | 248 | 264 | 271 | 280 | 290 |
| Borrowings | 38 | 15 | 58 | 72 | 47 | 40 |
| Other liabilities | 56 | 52 | 73 | 63 | 73 | 74 |
| Total liabilities | 341 | 327 | 406 | 418 | 412 | 416 |
| Fixed assets | 147 | 149 | 160 | 150 | 168 | 152 |
| Capital work in progress | 1 | 2 | 5 | 26 | 2 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 193 | 176 | 241 | 242 | 242 | 255 |
| Total assets | 341 | 327 | 406 | 418 | 412 | 416 |
| Line item | Mar 2011 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 43 | 32 | 44 | -14 | 21 | 51 |
| Cash from investing | -37 | -34 | -13 | -24 | -23 | -8 |
| Cash from financing | -5 | 2 | -28 | 37 | 4 | -40 |
| Net cash flow | 1 | 0 | 2 | -2 | 1 | 3 |
| Free cash flow | 6 | -6 | 29 | -37 | -4 | 43 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 126 | 102 | 88 | 92 | 86 | 69 |
| Inventory days | 208 | 160 | 142 | 345 | 387 | 283 |
| Days payable | 100 | 80 | 63 | 159 | 139 | 112 |
| Cash conversion cycle | 234 | 183 | 167 | 277 | 334 | 241 |
| Working capital days | 152 | 142 | 143 | 143 | 162 | 143 |
| Return on capital employed | 8.0% | — | 8.0% | 8.0% | 6.0% | 10.0% |
| Dividend payout | 16.0% | 26.0% | 21.0% | 16.0% | 30.0% | 19.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Alumina Refactories & Monolithics products & bauxite ores contributes 98.4% of reported segment revenue.
Year ended 31 Mar 2026 · Consolidated
- Alumina Refactories & Monolithics products & bauxite ores 98.4%
₹397.09 crore
- Power division 1.6%
₹6.52 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Alumina Refactories & Monolithics products & bauxite ores | 397.09 | 98.4% |
| Power division | 6.52 | 1.6% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹403.60 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹403.60 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Power division shrank from 11% to 1% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Alumina Refactories & Monolithics products & bauxite ores | — | — | — | — | 98% | — | — | 99% | — |
| Power division | 11% | 3% | 1% | 1% | 2% | 2% | 1% | 1% | +40.3% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
What the price assumes
AttractiveTo justify its price of ₹39, this stock must grow earnings at 11% every year for 7 years. Our analysis caps realistic growth at ~15%. At that growth it is worth ₹50 — upside of 29%.
- Growth the price implies
- 10.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 15.4% a year
- net profit, FY23–FY26 · EPS 15.4%
- The gap
- -0.0 pp
- 29% downside if it only repeats history
Ownership
Who owns it
Promoters hold 63.90% as of Sept 2026; institutions added 0.13 pts since Jun 2026.
- Promoters 63.90%
- Foreign institutions 13.45%
- Domestic institutions 0.00%
- Public 22.65%
Who is on the register
Named in the Sep 2026 filing
Every holder of Orient Ceratech Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 23.73% | unchanged | |
| 23.72% | unchanged | |
| FPI fund | 8.75% | unchanged |
| 8.35% | unchanged | |
| 5.70% | unchanged | |
| 3.00% | unchanged | |
| FPI fund | 2.73% | unchanged |
| 2.16% | unchanged | |
| FPI fund | 1.72% | unchanged |
| 0.14% | unchanged | |
| 0.09% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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