BSE: 506579

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140.00 1.00 (0.72%)

New 52W Low in past week

2,880 BSE Volume

BSE 19 Nov, 2025 1:07 PM (IST)

139.9

Market Cap

Below industry Median

Beta 1Year

Average volatility

AG Ventures Ltd. share price target and research reports

Name: Latest research reports of AG Ventures Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: AG Ventures Ltd.
Rating: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for OCCL, BSE:506579 AG Ventures Ltd.

AG Ventures Ltd.

13 Apr 2020

140.00

0.72%

Oriental Carbon & Chemicals

Hold: AG Ventures Ltd.

Target

ICICI Securities Limited

Oriental Carbon & Chemicals (OCCL) manufacturers insoluble sulphur, an essential compound used as a vulcanisation agent in manufacturing tyres. It is a direct play on domestic and global tyre industry. Hence, with a steady state replacement market for tyres and increasing pace of radialisation, OCCL's business prospects are firm. It operates in an oligopolistic market structure with only three credible players in the international market & OCCL being sole player domestically. Its global market share is ~10% (market size ~3,00,000 tonne) while domestic market share is ~55-60% (market size...

AG Ventures Ltd. has lost -27.40% in the last 6 Months

AG Ventures Ltd.

04 Feb 2020

140.00

0.72%

Result Update:Oriental Carbon

AG Ventures Ltd.

Axis Direct

In Q3FY20, OCCL reported another muted set of numbers with standalone revenue of Rs. 80 cr, (down 15% Y-o-Y, down 6% Q-o-Q), reflecting the impact of global automobile slowdown. EBITDA came in at Rs. 25 cr (down 31% Y-o-Y, up 11.7% Q-o-Q) due to higher raw material costs. Std.

AG Ventures Ltd. is trading below all available SMAs

AG Ventures Ltd.

07 Nov 2019

140.00

0.72%

OCCL Initiating Coverage

Buy: AG Ventures Ltd.

Monarch Networth Capital Limited

We initiate coverage on Oriental Carbon & Chemicals (OCCL) with a BUY and TP of Rs1,287. OCCL, India's leading Insoluble Sulphur (IS) manufacturer, has consistently registered higher EBITDA margins and cash flow generation capacity along with a rising market share over the last 10 years in an oligopolistic industry for a critical tyre component. In the light of growing IS demand, OCCL is increasing its capacity, which it has efficaciously done before, and is poised to benefit from higher IS demand due to growth in high-performance tyres and rising radialisation of...

AG Ventures Ltd. is trading below all available SMAs

AG Ventures Ltd.

06 Nov 2019

140.00

0.72%

Result Update:Oriental Carbon

AG Ventures Ltd.

Axis Direct

In Q2FY20, OCCL reported standalone revenue of Rs. 87.5 cr, down 12% Y-o-Y, down 8% Q-o-Q) reflecting the impact of automobile industry slowdown. EBITDA came in at Rs. 28 cr (down 11% Y-o-Y, up 6% Q-o-Q) largely in line with revenue decline.

AG Ventures Ltd. has lost -22.42% in the last 3 Months

AG Ventures Ltd.

02 Aug 2019

140.00

0.72%

Result Update:Oriental Carbon

Buy: AG Ventures Ltd.

Axis Direct

In Q1FY20, OCCL reported standalone revenue of Rs. 93 cr, up 2% Y-o-Y, down 9% Q-o-Q), EBITDA of Rs. 26 cr (down 7% Y-o-Y, down 20% Q-o-Q). PAT stood at Rs. 23cr (up 38% Y-o-Y, down 19% Q-o-Q).

AG Ventures Ltd. has lost -27.40% in the last 6 Months

AG Ventures Ltd.

23 May 2019

140.00

0.72%

Result Update:Oriental Carbon

Buy: AG Ventures Ltd.

Axis Direct

In Q4FY19, OCCL reported std. revenue of Rs. 103 Cr (crossing the Rs. 100 cr mark for the first time, up 14% Y-o-Y, up 9% Q-o-Q), EBITDA of Rs. 33 Cr (up 29% Y-o-Y, down 8% Q-o-Q). PAT stood at Rs. 19cr (up 31% Y-o-Y, down 8% Q-o-Q).

AG Ventures Ltd. is trading below all available SMAs

AG Ventures Ltd.

13 Feb 2019

140.00

0.72%

Result Update:Oriental Carbon

Buy: AG Ventures Ltd.

Axis Direct

In Q3FY19, OCCL reported std. rev. of Rs. 96 Cr (up 10% Y-o-Y, down 4% Q-o-Q; against our estimate of Rs 92 Cr), EBITDA of Rs. 36 Cr (up 32% Y-o-Y, up 14% Q-o- Q) with EBITDA margin of 37.6% (up 625 bps on Q-o-Q basis).

AG Ventures Ltd. has lost -10.31% in the last 1 Week

AG Ventures Ltd.

04 Feb 2019

140.00

0.72%

Oriental Carbon & Chemicals

Hold: AG Ventures Ltd.

Recommendation

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Oriental Carbon & Chemicals (OCCL) reported a robust operational performance in Q3FY19 led by volume growth in its base business (insoluble sulphur) and operating leverage benefits arising out of brownfield nature of capacity expansion (11,000 tonne- two phases) Net sales in Q3FY19 came in at | 94.5 crore, up 9.6%YoY. EBITDA in Q3FY19 was at | 34.5 crore with corresponding EBITDA margins at 36.5%. Reported margins look unusually high as it includes forex...

AG Ventures Ltd. has lost -22.42% in the last 3 Months

AG Ventures Ltd.

19 Nov 2018, 12:00AM

140.00

0.72%

Result Update:Oriental Carbon

Buy: AG Ventures Ltd.

Axis Direct

In Q2FY19, Oriental Carbon & Chemicals Ltd (OCCL) reported revenues of Rs. 100 Cr (up 31% Y-o-Y, up 7% Q-o-Q; against our estimate of Rs 90 Cr), EBITDA of Rs. 32 Cr (up 32% Y-o-Y, up 10% Q-o-Q) with EBITDA margin of 31.5% (up 110 bps on Q-o-Q basis).

AG Ventures Ltd. has lost -10.31% in the last 1 Week

AG Ventures Ltd.

05 Nov 2018

140.00

0.72%

Oriental Carbon

Buy: AG Ventures Ltd.

Recommendation Target

Centrum Broking

We maintain our positive stance on Oriental Carbon & Chemicals (OCCL) and retain Buy with a revised TP of Rs1575. Q2 performance was strong with EBITDA/PAT growth of 32%/42% YoY. We continue to remain positive on company's prospects led by solid demand outlook for IS in domestic market led by fast paced growth of domestic tyre manufacturers and opportunity for gaining market share globally led by higher penetration in new geographies of US & China. Consolidated margins are expected to improve over FY18-20E led by i) higher share of IS business with increasing volumes coupled with benefits of operating leverage and...

AG Ventures Ltd. has lost -27.40% in the last 6 Months

Is Oriental Carbon & Chemicals Ltd. worth buying?

136 Votes:

Buy 81.62%

Sell 8.09%

Hold 10.29%