NSE: ORIENTCEM | BSE: 535754

Strong Performer, Under Radar

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248.34 4.19 (1.72%)

High vol. this week

NSE 30 Jul, 2025 12:20 PM (IST)

5,102.4

Market Cap

Above industry Median

0.2

Beta 1Year

Very Low volatility

Orient Cement Ltd. share price target and research reports

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

Orient Cement Ltd.

03 Nov 2017

248.34

1.72%

Orient Cement (2QFY18): An uneventful quarter. Maintain NEUTRAL

Neutral: Orient Cement Ltd.

HDFC Securities

Maintain NEUTRAL, with an unchanged TP of Rs 165 (8.5x Sep-19 EV/EBITDA, USD86/T). Orient Cements numbers were below estimates (EBITDA/T: Rs570, 4.2x/ (31.8) % YoY/QoQ). Volumes grew 11.5% YoY (1.31 mT), while realisations were flattish (Rs 3,996/T, 22.1/ (1.7) % YoY/QoQ). However, freight costs jumped ~8.5% sequentially owing to higher lead distance, as Orient sold in distant markets, chasing growth. The miss on EBITDA (Rs746mn, 4.6x/ (3.62) % YoY/QoQ) was lower owing to higher-than-estimated volumes

Orient Cement Ltd. has lost -27.80% in the last 1 Year

Orient Cement Ltd.

02 Nov 2017

248.34

1.72%

Volume growth led profits

Buy: Orient Cement Ltd.

Target

Motilal Oswal

YoY margin improvement led by better realizations: The sharp YoY margin improvement of 10pp to 14.3% was led by improved pricing in its focus markets of west and south. This was partially offset by higher cost/t (+9% YoY to INR3,426/t). Hence, EBITDA/t increased 303% YoY to INR570/t (-32% QoQ due to a seasonally weak quarter). Power & fuel cost/t declined 4% YoY due to higher usage of domestic coal. Freight cost/t increased 43% YoY due to a shift in invoicing toward FOR terms and an increase in lead distance. Hence, EBITDA increased 350% YoY (-36% QoQ) to INR746m (est. of...

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

Orient Cement Ltd.

26 Jul 2017

248.34

1.72%

Orient Cement (1QFY18): Pricing drives strength. Maintain NEUTRAL

Neutral: Orient Cement Ltd.

HDFC Securities

Our TP of Rs 165 values Orient at 8.5x FY19 earnings (US$84/t). Orient Cement reported strong numbers (EBITDA: Rs 1.17bn, Est: Rs 1.06bn, 3x YoY, 54.7% QoQ), as realisations surprised (Rs 4,064/t, 30.0% YoY, 18.0% QoQ, Est- 8.0% QoQ). Part of this may have been owing to the shift in invoicing to FOR (free on rail) terms, as reflected in the higher freight numbers (Rs 996/t, 43.2%, YoY 12.4% QoQ). Despite this, the improvement in pricing is better than expected, as is evident from ex-freight realisations (Rs 3,068, 26.2% YoY, 20.0% QoQ, Est 2,823/t).

Orient Cement Ltd. has lost -29.24% in the last 3 Months

Orient Cement Ltd.

08 May 2017

248.34

1.72%

Orient Cement (4QFY17): Volumes surprise, but challenges elsewhere. Maintain NEUTRAL

Neutral: Orient Cement Ltd.

Recommendation

HDFC Securities

Orient Cements numbers beat our estimates (EBITDA: Rs 755mn, Est: Rs 606mn, 22.3% YoY, 65.9% QoQ) as volumes surprised (1.73 mT, 25% YoY vs expectations of flattish growth). However, EBITDA/t (Rs 436, -2.2% YoY, 19.9% QoQ) was inline (Est Rs 407/t) as realisations weakened (Rs 3,443, 9.6% YoY, -5.6% QoQ), given the volume push. At implied utilisations of 87%, 4QY17 is a relevant base for production costs (Total op. costs Rs 3,007/t), one of the lowest in the industry.

Orient Cement Ltd. has lost -25.80% in the last 6 Months

Orient Cement Ltd.

06 Feb 2017

248.34

1.72%

Orient Cement (3QFY17): Normalcy returning. Maintain BUY

Buy: Orient Cement Ltd.

Recommendation Target

HDFC Securities

Orient Cements numbers beat estimates (EBITDA/T: Rs 349, 75.3% YoY, 2.6x QoQ). Pricing improvement (net plant realisations up 6.9% QoQ or Rs 175/t) and reversion of P&F cost (-11.1% QoQ) from abnormal highs in 2QFY7 contributed to EBITDA/t of Rs 349 (75.3% YoY, 2.5x QoQ). Volume growth (19.6% YoY) was driven by rampup of Chittapur ops (utilization at 55%), even as utlisations at the old operations declined to 67%.

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

Orient Cement Ltd.

11 Nov 2016

248.34

1.72%

Orient Cement: Q2FY17 Result Review: Lower realisation, higher costs erode margi... (Nov 11, 2016)

Sell: Orient Cement Ltd.

Karvy

Orient Cement reported weak operational performance in Q2FY17 with EBITDA declined significantly by 56% YoY to Rs 160 mn (much lower than our expectation of Rs 311 mn). This was on account of lower realisation and higher costs. Though revenues increased by 8% YoY led by higher volumes, it was also below expectations as volumes were impacted by heavy rainfall and shortage of flyash.

Orient Cement Ltd. is trading above its 30 day SMA of 239.5

Orient Cement Ltd.

10 Nov 2016

248.34

1.72%

Orient Cement (2QFY17): Another write-off quarter. Maintain NEUTRAL

Neutral: Orient Cement Ltd.

HDFC Securities

Orient Cement 2QFY17 numbers were disappointing (EBITDA/t: Rs 136/t, -62.2% YoY, -51.1% QoQ). These were driven by weak volumes (only 65% utilization at old ops), high P&F costs (mainly due to abnormal rains) and poor fly-ash availability, which hurt both volumes and RM costs.

Orient Cement Ltd. average weekly volume is high.

Is Orient Cement Ltd. worth buying?

271 Votes:

Buy 81.92%

Sell 12.18%

Hold 5.9%

RESEARCH REPORTS

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Sell SEE REPORTS >

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