Orient Cement Ltd. share price target and research reports

Name: Latest research reports of Orient Cement Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Orient Cement Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for ORIENTCEM, BSE:535754 Orient Cement Ltd.

Orient Cement Ltd.

08 Feb 2019

219.68

0.16%

Margin miss due to higher-than-estimated cost

Buy: Orient Cement Ltd.

Target

Motilal Oswal

8 February 2019 Revenue grew 12% YoY (+2% QoQ) to INR5.7b and volumes increased 10% YoY to 1.51mt; both were in line with our estimates. Realizations at INR 3,782/t (+1%YoY;-1% QoQ) also came in line with our estimate due to weaker prices in underlying markets. Cost/t increased 2% YoY (-1%QoQ) to INR3531/t as freight cost/t increased 18%YoY. Power and fuel prices declined 4% YoY due to increasing AFR usage, and significantly better consumption metrics across plants, especially Chittapur. Thus, EBITDA/t stood at INR251 (-12% YoY; +3% QoQ), resulting in EBITDA of INR379m, -3%YoY (v/s our est. Margins came in at 6.6% (-1pp YoY, +0.3pp QoQ). Orient Cement reported PBT loss of INR202m (v/s loss of INR248m in 3QFY18) as against our estimate of loss at INR161m. As a result, there was a loss of INR137m (PAT) as against our estimate of INR105m loss (v/s INR177m loss in 3QFY18).

Mutual Funds have decreased holdings from 6.06% to 0.62% in Jun 2025 qtr

Orient Cement Ltd.

06 Nov 2018

219.68

0.16%

Margins disappoint due to lower realizations and cost push

Buy: Orient Cement Ltd.

Target

Motilal Oswal

6 November 2018 Revenue grew 7% YoY (-12% QoQ) to INR5.6b (in line with est.), as volumes increased 13% YoY to 1.47mt (est. Realizations were at INR 3,815/ton (-5% YoY; -4% QoQ) (v/s est. INR3,982) due to better-than-estimated prices in underlying markets. Cost/ton increased 4%YoY (+3%QoQ) to INR3,572/ton as freight cost/ton increased 5% YoY led by increase in diesel prices. Power and fuel prices increased 4% YoY due to an increase in fuel prices. Thus EBITDA/ton stood at INR243 (-58% YoY; -54% QoQ) resulting in EBITDA of INR358m, -52% YoY (est. Margins came in at 6.4% (- 7.8pp YoY, -6.

Promoters have increased holdings from 37.86% to 72.66% in Jun 2025 qtr.

Orient Cement Ltd.

03 Aug 2018

219.68

0.16%

EARNINGS UPDATE-ORIENT CEMENT-1QFY19

Buy: Orient Cement Ltd.

Target

Chola Wealth Direct

Sector: Cement /Small Cap | Earnings Update 1QFY19 Background: Orient Cement, a CK Birla group company, formed in 2012 following the demerger from Orient Paper and Industries ltd, is a mid-sized south based cement manufacturer. The company emerged as one of the fastest growing and leading cement manufacturer in India with a capacity of 8 MTPA with clinker manufacturing capacity ~6 MTPA and captive power capacity of 50MW. The Company is primarily engaged in the manufacture and sale of Cement and its...

Institutional Investors have decreased holdings from 21.77% to 9.60% in Jun 2025 qtr

Orient Cement Ltd.

01 Aug 2018, 12:00AM

219.68

0.16%

EBITDA beat led by higher volumes and realization

Buy: Orient Cement Ltd.

Target

Motilal Oswal

1 August 2018 Revenue grew 12.7% YoY (+3% QoQ) to INR6.4b (est. of INR5.7b) in 1QFY19, as volumes increased 15% YoY to 1.6mt (est. Volume growth was on account of low base and healthy demand from underlying markets of Telangana and Maharashtra. Realizations stood at INR3,992/ton (+8% QoQ) versus our estimate of INR3,866/ton due to better-than-estimated prices in Maharashtra as also impact of higher FOR sales. Cost/t increased 6% QoQ (+7% YoY) to INR3,459 due to 10%QoQ increase in P&F; cost (unavailability of domestic coal leading to sourcing of higher cost alternatives). Freight cost/t increased 10% QoQ to due to higher diesel prices as also higher FOR sales. However, EBITDA/t stood at INR533 (-36% YoY, +20% QoQ; est. of INR498), resulting in EBITDA of INR854m (-27% YoY, +15% QoQ) versus our estimate of INR737m due to better than estimated realizations.

Mutual Funds have decreased holdings from 6.06% to 0.62% in Jun 2025 qtr

Orient Cement Ltd.

04 May 2018

219.68

0.16%

Orient Cement

Hold: Orient Cement Ltd.

Centrum Broking

Strong cost control QoQ offset impact of lower volume YoY Orient Cement (ORCMNT) posted flattish EBITDA YoY in Q4FY18, as increased competition drove volume decline YoY, and aggressive pricing led to weak NSR QoQ. Lower opex QoQ moderated YoY cost inflation. The JPA's assets acquisition is getting delayed owing to pending approvals. We remain wary of this inorganic acquisition which will keep leverage high, and return ratios subdued. We maintain HOLD with TP of Rs150. Volume declined 3% YoY, market share loss continues: Sales volume recovered 23% QoQ to 1.68mn MT, but still fell 3% YoY. Utilisation stood at 84% (vs 87% YoY and 69% QoQ)....

Orient Cement Ltd. is trading below all available SMAs

Orient Cement Ltd.

03 May 2018

219.68

0.16%

Orient Cement : Profitability led by cost efficiencies

Buy: Orient Cement Ltd.

Target

Motilal Oswal

Cost/t declined 6% QoQ (+8% YoY) to INR3,2 51 due to positive operating leverage and lower P&F cost (better efficiency parameters). Freight cost/t increased 6% QoQ to INR1,055 due to higher diesel prices. Thus, EBITDA/t stood at INR445 (+2% YoY, +56% QoQ; est. of INR244), resulting in EBITDA of INR746m (-1% YoY, +91% QoQ) versus our estimate of INR440m. ORCMNT reported PBT of INR182m and PAT of INR128m (-23% YoY; est. of a loss of INR38m).

Orient Cement Ltd. is trading below all available SMAs

Orient Cement Ltd.

01 Feb 2018, 12:00AM

219.68

0.16%

EARNINGS - ORIENT CEMENT 3QFY18

Buy: Orient Cement Ltd.

Target

Chola Wealth Direct

Sector: Cement /Small Cap | Earnings Update 3QFY18 Background: Orient Cement, a CK Birla group company, formed in 2012 following the demerger from Orient Paper and Industries ltd, is a mid-sized south based cement manufacturer. The company emerged as one of the fastest growing and leading cement manufacturer in India with a capacity of 8 MTPA with clinker manufacturing capacity ~6 MTPA and captive power capacity of 50MW. The Company is primarily engaged in the manufacture and sale of Cement and its...

Promoters have increased holdings from 37.86% to 72.66% in Jun 2025 qtr.

Orient Cement Ltd.

31 Jan 2018, 02:41PM

219.68

0.16%

Orient Cement (3QFY18): Bad quarter, deal is key. Maintain NEUTRAL

Neutral: Orient Cement Ltd.

Target

HDFC Securities

Maintain NEUTRAL with a TP of Rs 138 (8.5x Dec-19 EV/EBITDA, US$80/T). Orient Cements numbers were below estimates (EBITDA/T Rs 286, (21.4)/(49.9)% YoY/QoQ) owing to lower realisations (Rs 3,737, (6.5)% QoQ). Volumes grew 9.3% YoY to 1.37 mT. However, other costs jumped 19% sequentially to Rs 700/t, as the company incurred non-recurring maintenance costs.

Institutional Investors have decreased holdings from 21.77% to 9.60% in Jun 2025 qtr

Orient Cement Ltd.

29 Jan 2018

219.68

0.16%

Orient Cements Q3FY18 operating performance disappointed, with EBITDA at Rs391mn against...

Sell: Orient Cement Ltd.

Recommendation Target

Emkay

Orient Cement's Q3FY18 operating performance disappointed, with EBITDA at Rs391mn against estimated Rs772mn and OPM at 7.6% against estimated 14.5%, led by lower realization and higher Repair & Maintenance costs (impact of Rs100-120mn). Sales volume was up 9.3% yoy at 1.37mt with capacity utilization of 68.5% (62.6% in Q3FY17). Realization grew by 2.5% yoy (down 6.5% qoq), supported by change in billing...

Orient Cement Ltd. is trading below all available SMAs

Orient Cement Ltd.

01 Jan 2018, 12:00AM

219.68

0.16%

INITIATING COVERAGE - ORIENT CEMENT

Buy: Orient Cement Ltd.

Chola Wealth Direct

Background: Orient Cement, a CK Birla group company, formed in 2012 following the demerger from Orient Paper and Industries ltd, is a mid-sized south based cement manufacturer. The company emerged as one of the fastest growing and leading cement manufacturer in India with a capacity of 8 MTPA with clinker manufacturing capacity ~6 MTPA and captive power capacity of 50MW. The Company is primarily engaged in the manufacture and sale of Cement and its...

Orient Cement Ltd. is trading below all available SMAs

Is Orient Cement Ltd. worth buying?

276 Votes:

Buy 82.25%

Sell 11.96%

Hold 5.8%

RESEARCH REPORTS

Not Rated SEE REPORTS >

pdf

Sell SEE REPORTS >

pdf