Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 3273.80 Crore) operating in Cement sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 693.00 Crore, down -16.93 % from last quarter Total Income of Rs 834.28 Crore and up 66.59 % from last year same quarter Total Income of Rs 415.99 Crore. Company reported net profit after tax of Rs 89.46 Crore in latest quarter.
Investment Rationale
Orient Cement’s (ORCMNT) Q1FY22 EBITDA at Rs1.86bn (up 90% YoY) was ahead of and consensus estimates led by better realisation, up by a sharp 13% QoQ (and 1.4% YoY). Accordingly, EBITDA/te grew 25% QoQ and 14% YoY to a decade- high of Rs1,368/te (I-Sec: Rs1,234/te). Management is targeting commissioning of 3mnte Devapur expansion at a capex of Rs16bn in FY24. Net debt further reduced by Rs1.3bn in YTD-FY22 to
Promoter/FII Holdings
Promoters held 37.4 per cent stake in the company as of June 30, 2021, while FIIs held 4.4 per cent, DIIs 20.6 per cent and public and other 37.6 per cent.
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