ORIENTCEM

Orient Cement Limited

Cement manufacturer under Ambuja Cements and Adani group

Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products

orientcement.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹114.87
Market cap
2,360 Cr
Stock P/E
11.3
P/B
1.10
Dividend yield
0.4%
ROE (FY26)
15.7%
ROCE (FY26)
15.2%
Operating margin (FY26)
11.3%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
-7.1%
OCF / EBITDA (3Y)
45.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Orient Cement makes and sells cement in India and is a listed subsidiary of Ambuja Cements, which holds 72.66% (about 14.93 crore shares) after an open offer completed on 18 June 2025.

Company snapshot

18thBy market cap

Ranked among 32 companies in Cement & Cement Products.

What we see

Positives
  • ✓Debt-to-equity of 0.02x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 46% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales721 Cr751 Cr888 Cr696 Cr544 Cr643 Cr825 Cr866 Cr643 Cr636 Cr647 Cr604 Cr
Operating expenses (approx.)634 Cr636 Cr740 Cr600 Cr500 Cr585 Cr722 Cr684 Cr478 Cr546 Cr539 Cr460 Cr
EBITDA87 Cr115 Cr148 Cr96 Cr44 Cr58 Cr103 Cr183 Cr165 Cr90 Cr108 Cr144 Cr
OPM %12.0%15.4%16.7%13.8%8.1%9.0%12.5%21.1%25.7%14.1%16.7%23.8%
Other income2 Cr2 Cr8 Cr6 Cr4 Cr3 Cr8 Cr2 Cr12 Cr3 Cr6 Cr5 Cr
Interest9 Cr8 Cr8 Cr6 Cr6 Cr6 Cr6 Cr3 Cr3 Cr2 Cr5 Cr3 Cr
Depreciation37 Cr38 Cr38 Cr39 Cr39 Cr38 Cr37 Cr37 Cr101 Cr48 Cr45 Cr43 Cr
Profit before tax42 Cr72 Cr110 Cr58 Cr3 Cr17 Cr68 Cr144 Cr74 Cr36 Cr64 Cr103 Cr
Tax %42.0%37.3%38.0%36.6%25.5%38.8%38.0%-42.3%33.4%23.3%13.4%25.2%
Net profit25 Cr45 Cr68 Cr37 Cr2 Cr10 Cr42 Cr205 Cr49 Cr28 Cr55 Cr77 Cr
EPS (₹)₹1.20₹2.20₹3.33₹1.79₹0.11₹0.49₹2.05₹10.00₹2.39₹1.35₹2.70₹3.76

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,171 Cr2,311 Cr2,522 Cr2,422 Cr2,324 Cr2,725 Cr2,938 Cr3,185 Cr2,709 Cr2,793 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,993 Cr2,006 Cr2,210 Cr2,039 Cr1,773 Cr2,134 Cr2,573 Cr2,736 Cr2,408 Cr2,248 CrSign in free for the trailing twelve months
EBITDA178 Cr305 Cr312 Cr383 Cr551 Cr591 Cr365 Cr449 Cr301 Cr545 CrSign in free for the trailing twelve months
OPM %8.2%13.2%12.4%15.8%23.7%21.7%12.4%14.1%11.1%19.5%Sign in free for the trailing twelve months
Other income12 Cr20 Cr14 Cr18 Cr18 Cr10 Cr12 Cr16 Cr20 Cr23 CrSign in free for the trailing twelve months
Interest135 Cr129 Cr118 Cr122 Cr94 Cr51 Cr38 Cr34 Cr23 Cr13 CrSign in free for the trailing twelve months
Depreciation122 Cr126 Cr133 Cr141 Cr142 Cr145 Cr147 Cr149 Cr153 Cr231 CrSign in free for the trailing twelve months
Profit before tax-66 Cr70 Cr75 Cr137 Cr334 Cr404 Cr192 Cr281 Cr145 Cr318 CrSign in free for the trailing twelve months
Tax %51.7%36.9%36.4%37.0%35.8%34.8%36.0%37.9%37.3%-6.1%Sign in free for the trailing twelve months
Net profit-32 Cr44 Cr48 Cr87 Cr214 Cr263 Cr123 Cr175 Cr91 Cr338 CrSign in free for the trailing twelve months
EPS (₹)₹-1.57₹2.16₹2.32₹4.23₹10.45₹12.85₹6.00₹8.53₹4.45₹16.44Sign in free for the trailing twelve months
Dividend payout %————12.0%17.5%37.5%20.5%33.7%3.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital20 Cr20 Cr20 Cr20 Cr20 Cr20 Cr20 Cr20 Cr21 Cr21 Cr
Reserves967 Cr1,002 Cr1,033 Cr1,098 Cr1,285 Cr1,505 Cr1,583 Cr1,723 Cr1,787 Cr2,125 Cr
Borrowings1,287 Cr1,263 Cr1,231 Cr1,136 Cr784 Cr310 Cr391 Cr130 Cr33 Cr38 Cr
Other liabilities609 Cr656 Cr643 Cr646 Cr722 Cr815 Cr882 Cr983 Cr962 Cr949 Cr
Total liabilities2,883 Cr2,941 Cr2,927 Cr2,900 Cr2,812 Cr2,650 Cr2,877 Cr2,855 Cr2,803 Cr3,133 Cr
Fixed assets (net)2,230 Cr2,186 Cr2,293 Cr2,213 Cr2,147 Cr2,056 Cr1,950 Cr1,968 Cr1,925 Cr1,720 Cr
CWIP98 Cr158 Cr48 Cr67 Cr41 Cr40 Cr140 Cr89 Cr24 Cr32 Cr
Investments——0 Cr0 Cr115 Cr14 Cr4 Cr11 Cr42 Cr13 Cr
Loans & advances——0.09 Cr0.09 Cr0.09 Cr0.03 Cr0.03 Cr0.02 Cr0.02 Cr0.07 Cr
Inventories147 Cr164 Cr186 Cr237 Cr171 Cr187 Cr351 Cr340 Cr318 Cr229 Cr
Trade receivables106 Cr155 Cr180 Cr162 Cr110 Cr127 Cr169 Cr224 Cr248 Cr840 Cr
Cash & bank63 Cr32 Cr22 Cr35 Cr35 Cr43 Cr69 Cr76 Cr48 Cr16 Cr
Other assets239 Cr246 Cr198 Cr187 Cr193 Cr183 Cr194 Cr146 Cr196 Cr283 Cr
Total assets2,883 Cr2,941 Cr2,927 Cr2,900 Cr2,812 Cr2,650 Cr2,877 Cr2,855 Cr2,803 Cr3,133 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity259 Cr279 Cr281 Cr292 Cr714 Cr524 Cr111 Cr426 Cr205 Cr-39 Cr
Cash from investing-124 Cr-149 Cr-120 Cr-73 Cr-162 Cr70 Cr-120 Cr-85 Cr-97 Cr9 Cr
Cash from financing-108 Cr-161 Cr-171 Cr-206 Cr-552 Cr-586 Cr35 Cr-334 Cr-136 Cr-2 Cr
Net cash flow27 Cr-31 Cr-10 Cr13 Cr0.37 Cr8 Cr26 Cr7 Cr-28 Cr-32 Cr
Free cash flow (OCF − Capex)152 Cr131 Cr160 Cr215 Cr663 Cr471 Cr-19 Cr347 Cr146 Cr-70 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.0%8.7%8.5%11.5%20.4%24.8%11.5%16.9%9.1%15.2%
ROE %-3.3%4.3%4.5%7.7%16.4%17.3%7.7%10.0%5.0%15.7%
Debtor days182426241717212633109
Inventory days202219222362204185317272279128
Days payable276292222269221229194183200264
Cash conversion cycle-57-49251161-27144115113-27
OCF / EBITDA %145.3%91.5%90.1%76.2%129.7%88.6%30.4%94.8%68.1%-7.1%
OCF / EBITDA % (3 years)——103.0%85.2%103.3%100.3%89.6%75.5%66.6%45.7%
Debt / equity1.301.241.171.020.600.200.240.070.020.02
Current ratio0.740.720.901.001.000.640.831.161.381.95
Net debt / EBITDA6.87—3.872.881.360.450.880.12-0.050.04