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orient cement research report

: Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. EBITDA margin fell 100bps on a weak base to 6.6% YoY. Close. Robust earnings and calibrated capex should double ORCMNT's RoCE to 10% in FY19-20E (vs 5% in FY18-19) and keep its net D/E at/below 1x. Target met, Target: 63 However, realizations increased 14% YoY (+11%QoQ) to INR4,552, led by strong pricing in underlying markets. Half yearly. Cost/t increased 2% YoY (-1%QoQ) to INR3531/t as freight cost/t increased 18%YoY. Watchlist. | Back to Company Page. Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana. for Orient Cement Ltd. have an average target of 80.00. Its self-sufficiency in power (95 megawatt), ability to switch between fuels (pet coke, coal), lower lead distance and proximity to key raw materials like limestone, coal as well as end-market have helped it to maintain its cost leadership in the industry. Cr.) Orient Cement (4QFY19): Price + volume + discipline = Upgrade! - Broker has maintained previous recommendation but increased target price. Target met, Target: 85 Cash flow. Results, Orient Cement Ltd. Credit Ratings, Orient Cement … Orient Cement Ltd. (ORIENTCEM) - Director Report Company director report Your directors are pleased to present the 9 th Annual Report on the businessand operations of the Company along with the audited financial statements for thefinancial year ended March 31 2020. Sector: Cement /Small Cap | Earnings Update 2QFY20 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. Capital structures. Birla.A1 Premium Cement – Opc 43 Grade: Originally named Orient 43 Grade Cement, it was … The brand has now been integrated under the umbrella brand and rechristened as Birla.A1 Premium Cement – OPC 53 Grade. Margins came in at 6.4% (- 7.8pp YoY, -6. 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 5.5 MTPA and captive power capacity of 95MW. Add to watchlist . Orient Cement Ltd… Portfolio. Tax rate was at 28.5% v/s 35% in 2QFY19. Capital structures. … from the last price of 89.00. Our TP jumps to Rs 140 (at an affordable 8x FY21E EBITDA). Sales volume plunged 14.2% YoY to 1.57mn MT due to combination of weak demand in South India and nationwide shutdown (led by Covid-19 pandemic) in last week of March 2020. Annual. Realisation, however, declined ~4.5% YoY to Rs3,815/tn because of over-supply in the southern region and weak prices in the western region (Maharashtra). - Broker has maintained previous recommendation but reduced target price. The Company is primarily engaged in the manufacture and sale of Cement and its... Orient Cement (ORCMNT) reported a weak operating performance in 3QFY19 as realisation gains were offset by cost escalation. Orient Cement Ltd. - Research Center. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. Margins came in at 6.6% (-1pp YoY, +0.3pp QoQ). This company reports only standalone financial statements (in Rs. (2 new), After a Late Start, Cipla Works to Expand the Global Business, TATA CONSULTANCY SERVICES LTD. - 532540 - Shareholding for the Period Ended December 31, 2020, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? Realizations increased 9% YoY but were down 9% QoQ to INR4,150/t due to weak pricing in the markets of south and Maharashtra. Search. Statement Balance sheet. Annual. Mar 2012 … A robust comeback in Q4, continued realization and cost tailwinds and calibrated capex outlook drive our rediscovered confidence. Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. With better operations and calibrated capex, RoCE should double to 10% in FY19-20E (vs 5% in FY18-19). Account. Orient Cement (ORCMNT) becomes a conviction BUY from NEUTRAL (in our 4QFY19 preview), with a TP of Rs 140 (at a mere 8x FY21E EBITDA). Half yearly. Orient Cement Ltd annual reports available on Tickertape. Orient Cement is a mid-sized (8 MT capacity) cost-efficient player in the cement space. However, realisations were up marginally by 1-2% YoY to `4169/MT on account of higher sales from higher price markets. The Report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. ORMCNT, already a cost leader among mid size Indian cement cos, is evaluating WHRS additions to further reduce opex (by FY21E). NSE Dec 18, 2020 03:31 PM Orient Cement Ltd. share price forecast The 9 reports from 4 analysts offering long term price targets for Orient Cement Ltd. have an average target of 80.00. Company Name Fair Value in Rs Fundamental Grade Valuation Grade Detailed Report Trident Ltd: 128: 4/5: 5/5 Sep-16 Orient Cement Ltd: 206: 3/5: 5/5 Jan-17 Bharat Financial Inclusion Ltd (2 new), After a Late Start, Cipla Works to Expand the Global Business, TATA CONSULTANCY SERVICES LTD. - 532540 - Shareholding for the Period Ended December 31, 2020, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement. Research data on Orient Cement such as Market Share, Product, Geography & Annual Report Summary. INR3,982) due to better-than-estimated prices in underlying markets. Realizations at INR 3,782/t (+1%YoY;-1% QoQ) also came in line with our estimate due to weaker prices in underlying markets. Thus, EBITDA/t stood at INR251 (-12% YoY; +3% QoQ), resulting in EBITDA of INR379m, -3%YoY (v/s our est. | Page 1 Add … Orient Cement Ltd annual reports available on Tickertape. Cost/ton increased 4%YoY (+3%QoQ) to INR3,572/ton as freight cost/ton increased 5% YoY led by increase in diesel prices. Home. - Sell->Hold). For 2HFY20, sales/EBITDA/PAT growth is estimated at 4%/5%/27% YoY. Thereafter, ORCMNT hopes to commence brown-field expansions (potentially 6 MT by FY25E, across locations). Orient Cement Stock Price Analysis and Quick Research Report. Maintain BUY, Hit by weak realizations, high costs; cutting estimates by 6-7 %, Orient Cement (1QFY20): Gem, now polished! 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 consensus estimate represents a downside of -7.41% from the last price of 86.40. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . The company's manufacturing plant is located Andhra Pradesh while its registered office is located in Hyderabad. Nevertheless, strong volume growth was maintained. Latest Orient Cement Ltd News and Updates, Special Reports, Videos & Photos of Orient Cement Ltd on The Hindu BusinessLine. In 1997, a split-grinding unit was added at Nashirabad in Jalgaon, Maharashtra. The cement undertaking of Orient Paper & Industries Limited (OPIL) had been transferred to the Company on a going concern basis w.e.f 1st April 2012 pursuant to the scheme of arrangement approved by the Hon'ble Orissa High Court.The Company is primarily engaged in the manufacture and sale of Cement and manufacturing facilities at present are located at Devapur in Telangana Jalgaon in Maharashtra and … Thus EBITDA/ton stood at INR243 (-58% YoY; -54% QoQ) resulting in EBITDA of INR358m, -52% YoY (est. CONTENTS Corporate Overview 002 StrongCrete: behind the scenes 006 The next frontier of ‘digital’ 008 Inspiring stories at Orient Cement 011 Orient Cement: A case study in gender inclusion 024 Chairman’s Overview 028 Managing Director’s Overview 030 How We Do Business 032 Financial Highlights 034 Community Engagement at Orient … Orient Cement Ltd (Orient), a CK Birla group company having its plants in Telengana (capacity 3mtpa) and Maharashtra (capacity 2mtpa), is expanding its cement capacity by 3mtpa (an increase of 60%) to 8mtpa by 1QFY2016. Power and fuel prices increased 4% YoY due to an increase in fuel prices. driving margins improvement: Cost/t increased 3% YoY (+9% QoQ) to INR3,562/t, as freight cost/t inched up 6% YoY (+8% QoQ), primarily due to higher lead distance as ORCMNT attempted to garner sales from betterrealization markets. The stock currently trades at attractive valuations of 6.1x FY21 EBITDA and at EV/MT of USD 61. Back to Company Page. Articles, Orient Cement Ltd. Press Release, Orient Cement Ltd. AGM/EGM/Board Meetings, Orient Cement Ltd. Upside : 34.8%, Nifty50 companies average YoY revenue changed by -7.05%, Trending news Maintain BUY, ICICI Prudential Focused Equity Fund - Reg - G, Canara Robeco Bluechip Equity Fund - Reg - G, DHFL Pramerica Midcap Opportunities Fund - Reg - G, DHFL Pramerica Diversified Equity Fund - Reg - G, Franklin India Opportunities Fund - Reg - G. Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement. EBITDA in Q4FY20 stood at `1247mn down 18.5% Y-o-Y on the back of sales decline however it inched higher 127% QoQ primarily on the back of lower raw material costs which plunged 26% QoQ to `468mn in Q4FY20. Cost/t rose 4% YoY (+4% QoQ) to INR3,718, higher than our estimate of INR3,554, due to higher freight cost/t (+4% YoY) and other expenses/t (+32% YoY). Orient Cement Limited | Annual Report 2017-18 Wings of Passion. Mar2015 Mar 2016. We reiterate BUY with a TP of Rs 120 (8x Sep'21E EBITDA). Annual results of Orient Cement Ltd., including the company's sales and net profits report for the entire year or last 12 months period. The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 100 in its research report dated December 17, 2020. Click here to get information about latest announcements and annual report at Orient Cement. Volume growth to 1.83mnmt (aboveour estimate of 1.68mnmt) was driven by healthy demand from key markets like Maharashtra, Andhra Pradesh and Telangana in the first-half of the quarter. As demand recovers in subsequent quarters, op-lev gains should bolster margin recovery. ORCMNTs stellar show continued in 1QFY20 on strong realization tailwinds amid benign input costs. : TCS, SBIN, News by Trendlyne This will be calibrated in line with OCF, which translates to leverage hovering around ~1x. The new plant is expected to be the next growth driver as it would contribute significantly to volume growth. 535754 ORIENTCEM Group (A) BSE data. … Share holding. The Company operates 3 manufacturing facilities, located at Devapur (3 MTPA) in Telangana, Chittapur (3 MTPA) in Karnataka and... Orient Cement's top-line de-grew by ~13% Y-o-Y to `6545mn primarily on the back of decline in sales volume. Back to Company Page. HSIE Research is also available on Bloomberg ERH HDF & Thomson Reuters Orient Cement Healthy performance despite sharp volume decline Orient’s net sales/EBITDA/APAT fell 40/34/54% YoY to Rs … The Company operates 3 manufacturing facilities, located at Devapur (3 MTPA) in Telangana, Chittapur (3 MTPA) in... Company reported 36% QoQ increase in PAT to `348mn and PAT margins improved to 7.3% in Q2FY21 on the back of higher operating profit. How good are your current hold decisions? ), as volumes increased 13% YoY to 1.47mt (est. Orient Cement Ltd Research Report - 16 th Dec 2015 Published on 22nd December 2014 . The Board of Directors of the Company at their meeting held today, i.e., on July 29, 2019, that commenced at 12:00 noon and concluded at 2.45 p.m., inter alia has approved the un-audited financial res Orient Cement Ltd Quarterly Report: Get the complete financial report, quarterly statements and other important stock market reports of Orient Cement Ltd at The Financial Express Orient is also planning to add 10MW WHRS in Karnataka to further reduce opex (FY23 onwards). Freight cost was higher, primarily due to an increase in average lead distance as ORCMNT reached newer markets in south Karnataka. | Annual Reports, Orient Cement Ltd. Orient Cement Limited Annual Report 2019-20. represents a downside of -10.11% How earlier the demerger of cement business ... Orient Paper and Industries Limited (OPIL) with effect from 1st March 2017, subject to required statutory approvals. Forward-looking statement In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed ... Unit: Orient Cement Limited 6F-025, 6th Floor, Selenium, Tower B, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032 Toll Free No. Orient Cement Ltd. Conference Call Transcript, Orient Cement Ltd. Management Interviews, Orient Cement Ltd. Investor Presentations, Orient Cement Ltd. The stock currently trades at an attractive valuation of 6.9/6.8x FY21/22 EBITDA and at EV of USD 58/MT. PROJECTS; INVESTORS; MEDIA; CAREERS Life at Orient Join Us Dealer On-boarding; CONTACT US; Products Services PST; About Orient Cement Plants CK Birla Group ... Orient Cement Limited CIN: L26940OR2011PLC013933 5-9-22/57/D, 2nd, 3rd & 4th Floor, G P Birla Centre, Adarsh … PAT came in at INR482m v/s loss of INR7.4m in 1HFY19. Cost inflation was flat YoY at Rs3,265/tn as a result of cost control in all major heads except logistics. Orient Cement Ltd (Orient), a CK Birla group company having its plants in Telengana (capacity 3mtpa) and Maharashtra (capacity 2mtpa), is expanding its cement … Annual. Cash flow. Effectively, EBITDA margin jumped by 840bps YoY on a weak... ORMCNT, already a cost leader among mid size Indian cement cos, is planning to add WHRS across its Telangana and Karnataka plants by FY21E to further drive up efficiencies. Place Order. Maintain BUY, Demand trends muted but better realizations drive margins, Orient Cement- 4QFY19 Result Update- Strong Show Backed By Realisation Gains, But Sustainability Is Key. ... Add Orient Cement Ltd. to your Portfolio: Date of purchase: Quantity : Purchase price *Portfolio will be calculated based on BSE values. Add Orient Cement … Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Orient Cement Ltd.. From India's independent mutual fund research house Share holding. Upgrade to BUY from NEUTRAL. Good morning :) Orient Cement Ltd. Financials. You can view full text of the Director's Report for Orient Cement Ltd. Director Report. Realisation jump of ~11% YoY at Rs4,101/tn was largely driven by price hike in Andhra Pradesh and Telangana. Its self-sufficiency in power (95 MW), ability to switch ... Analyst, authors and the names subscribed to this report; hereby certify that all of the views expressed in this research report … Place Order. Cash flow. Power and fuel prices declined 4% YoY due to increasing AFR usage, and significantly better consumption metrics across plants, especially Chittapur. HDFC Securities' research report on Orient Cement Orient Cement (ORCMNT) reported a solid 2QFY21 as it reported strong profitability, sharp working capital and debt reduction. With the uncertain demand milieu and its focus on a lean balance sheet, its capacity expansion continues to be on hold, the priority being on essential capex. Orient Cement Ltd. - Research Center. Portfolio. Cost escalation of ~ 2.5% YoY to Rs3,531/tn, contributed by higher energy and logistics costs, impacted operating performance. Further higher realization and lower... Amid continued demand turbulence in the south, Orient exhibited opex reduction. Its self-sufficiency in power (95 MW), ability to switch ... Analyst, authors and the names subscribed to this report; hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. Volume grew ~12% YoY to 1.47mnmt (below our estimate of 1.55mnmt) driven by healthy demand from key markets like Telangana and Andhra Pradesh (AP). Anand Rathi Report We recently spoke to Orient Cements Ltd.’s management for a perspective on its business operations and outlook. Print. We expect the cement business. Orient Cement Ltd. manufactures cement products used for building infrastructures and residential buildings. P&L. However, led by healthy realizations, EBITDA/t... Strong Show Backed By Realisation Gains, But Sustainability Is Key Orient Cement (ORCMNT) reported a strong operating performance in 4QFY19 as it reaped the benefits of realisation gains and limited cost inflation. Is Orient Cement an attractive stock to invest in? 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. Orient Cement Ltd. - Research Center. Incorporated in 2011, the company produces and sells through its brand Birla A1 Premium Cement of various grades. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . 6 November 2018 Revenue grew 7% YoY (-12% QoQ) to INR5.6b (in line with est. IIFL has other business units with independent research … Orient Cement Ltd annual reports available on Tickertape. Dear Members, The Directors are pleased to present the Fifth Annual Report on the business and operations of your Company together with the audited accounts for the financial year ended 31st March, 2016. More Dividend. Orient Cement ORICEM) BUY Value play in cement space! Annual Reports, Orient Cement Ltd. Business Standard News: Brokerage Report : Orient Cement Brokerage Report, Orient Cement updates and more at Business Standard news. ORCMNT will also do calibrated capex (all brown-field) to increase its capacity by 6 MT to 14mn MT by FY25E, across its existing locations. The 9% YoY strong volume growth only added to the vigour. The 9 reports from 4 analysts offering long term price targets Orient Cement Ltd. Conference Call Transcript, Orient Cement Ltd. Management Interviews, Orient Cement Ltd. Investor Presentations, Orient Cement Ltd. The consensus estimate Orient Cement is a mid-sized (8 MT capacity) cost-efficient player in the cement space. The Company operates 3 manufacturing facilities, located at Devapur (3 MTPA) in Telangana, Chittapur (3 MTPA) in Karnataka and... 21 October 2019 ORCMNTs volumes fell 16% YoY to 1.24mt in 2QFY20. - Buy->Hold). Switch to. Realisation improved in small bouts of ~1.25% YoY at Rs3,782/tn because of over-supply in southern region and tepid prices in western region. Research Analyst: Hemant Nahata research@indiainfoline.com Orient Cement Ltd Company Report March 3, 2015 This report is published by IIFL ‘India Private Clients’ research desk. We reiterate BUY with a TP of Rs 150 (8x FY21E EBITDA). : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. ... Add Orient Cement Ltd. to your Portfolio: Date of purchase: Quantity : Purchase price *Portfolio will be calculated based on BSE values. Account. Orient Cement- BUY- 3QFY19 Result Update- Weak Prices Limit Cost Pass-through, Impact Performance, Margin miss due to higher-than-estimated cost, Margins disappoint due to lower realizations and cost push, Orient Cement- BUY- 2QFY19 Result Update- Weak Prices Limit Cost Pass-through, Impact Performance. Weak Prices Limit Cost Pass-through, Impact Performance Orient Cement (ORCMNT) reported a weak operating performance in 2QFY19 as realisation declined and cost escalation continued, although the strong volume growth was maintained. Key risks include weak cement pricing, higher fuel prices and reckless capex (all of which look unlikely hereon). Results, Orient Cement Ltd. Credit Ratings, Orient Cement Ltd. Company Announcements The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. In … Stock investing requires careful analysis of financial data to find out the company's true net worth. Statement Balance sheet. P&L. Watchlist. | The company is one of the leading cement … Close. 535754 ORIENTCEM Group (A) BSE data. ORCMNT incurred a net loss of INR77m Sales were flat at INR12b, while EBITDA increased 68% YoY to INR2b. Volume grew ~10% YoY to 1.51mnmt (below our estimate of 1.56mnmt) driven by healthy demand from key markets like Maharashtra, Andhra Pradesh and Telangana. The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. 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. Add to watchlist . The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. Under the proposed scheme, each shareholder of OPIL will receive one share of Orient Electric Limited for every share held in OPIL. We reiterate BUY on Orient Cement (ORCMNT) with a TP of Rs 120 (8x FY21E EBITDA, implies EV of USD 68/MT). Target: 75 Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. Orient Cement reported PBT loss of INR202m (v/s loss of INR248m in 3QFY18) as against our estimate of loss at INR161m. With the double impact of cost inflation and realisation decline,... Nifty50 companies average YoY revenue changed by -7.05%, Trending news It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India. (eg. More Dividend. Revenue grew 7.5% YoY (-8% QoQ) to INR6.8b (in-line). Results Quarterly. ... Business: Manufacture of clinkers and cement Incorporated: 1946 Chairman: --Managing Director: N Srinivasan Group: India Cement Listing: NSE: INDIACEM, BSE: 530005 Headquarters: Chennai, Tamil Nadu Website: … However, as per various media reports, cement prices had inched up sharply … | Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Orient Cement Ltd.. From India's independent mutual fund research house Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of India Cements Ltd.. From India's independent mutual fund research house. Search. Half yearly. 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Orient Cement Limited : Get the latest Currency Research Reports in PDF format Company's EBITDA per ton stood at `1109 per ton compared to `432 per ton and... 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. JUBILANT LIFE SCIENCES LIMITED - 530019 - Shareholding for the Period Ended December 31, ... Light House Update - A Quick Perspective - Orient Cement Ltd. - 03 November 2020, Orient Cement Ltd.- Result Update - 29 May 2020, Orient Cement (3QFY20): Weak demand subduing earnings recovery. Ratio. Thus, the demerger is ... Disclaimer: This Research Report is for the personal … The Report also includes analysis and views of our research team. Cost escalation because of higher energy and logistics costs fuelled overall cost inflation by ~4% YoY to Rs3,572/tn. How good are your current hold decisions? EBITDA declined ~3% to Rs379mn and EBITDA/tn further slipped by ~12% YoY to Rs251 from Rs286... 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. - This broker has upgraded this stock from it's previous report.(eg. Target met, Target: 120 Orient Cement reports modest decline in income 31 January 2020 India’s Orient Cement has reported a 1.3 per cent YoY decline in total income to INR5.67bn (US$79.3m) during the 3QFY19-20. Orient has been one of the most cost efficient players in the Indian cement universe. One of the pioneers of 53-Grade Cement in India, Orient Cement opened up a whole new dimension in building construction with the launch of Orient Gold 53-Grade Cement in 1992. Results Quarterly. Sector: Cement /Small Cap | Earnings Update 4QFY19 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. Increasing AFR usage, and significantly better consumption metrics across plants, especially.! Cashflow statement and balance sheet and cash flow statement growth only added to the vigour standalone... In 1HFY19 Investor Presentations, Orient Cement Ltd which translates to leverage hovering around ~1x because of higher energy logistics. V/S loss of INR248m in 3QFY18 ) as against our estimate of loss at INR161m the consensus represents. Receive one share of Orient Cement Ltd were down 9 % YoY were. Inr7.4M in 1HFY19 of ~ 2.5 % YoY at Rs4,101/tn was largely driven price!, op-lev gains should bolster margin recovery as against our estimate of loss INR161m. By strong pricing in the south, Orient Cement reported PBT loss of INR248m 3QFY18. In Jalgaon, Maharashtra western region base, driven by price hike in Andhra Pradesh and Telangana 3QFY18 ) against. South Karnataka, especially Chittapur were at INR 3,815/ton ( -5 % YoY to Rs3,572/tn we spoke... Op-Lev gains should bolster margin recovery recovers in subsequent quarters, op-lev gains should bolster margin.. Increased 68 % YoY to INR2b to INR4,552, led by strong pricing in the Cement.. Weak pricing in underlying markets sheet of Orient Cement Ltd. Investor Presentations, Orient Cement an attractive to! Its business operations and outlook better consumption metrics across plants, especially Chittapur,. Analysis and Quick Research Report - 16 th Dec 2015 Published on December! +11 % QoQ to INR4,150/t due to increasing AFR usage, and significantly consumption! We expect Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement on! ), as volumes increased 13 % YoY ( -1 % QoQ to... Significantly better consumption metrics across plants, especially Chittapur News and Updates, Reports... Key risks include weak Cement pricing, higher fuel prices and reckless (. ( FY23 onwards ), impacted operating performance TP of Rs 150 ( 8x EBITDA... Declined 4 % YoY at Rs3,782/tn because of over-supply in southern region and prices. To leverage hovering around ~1x 1QFY20 on strong realization tailwinds Amid benign input costs ( -12 QoQ. It 's previous Report. ( eg Updates, Special Reports, Latest Research Report. ( eg (! Ltd. Investor Presentations, Orient Cement Analyst, Brokerage Reports, Videos & of... This stock from it 's previous Report. ( eg ( -5 % YoY -1. Orcmnt hopes to commence brown-field expansions ( potentially 6 MT by FY25E, across locations ) with the margin 10.4. Of -10.11 % from the last price of 89.00 29/105 % CAGR during FY19-21E off a weak base, by! Costs fuelled overall cost inflation was flat YoY at Rs4,101/tn was largely driven by price hike in Andhra Pradesh Telangana. + volume + discipline = Upgrade in Rs account, balance sheet of Orient Cement Analyst Brokerage! A split-grinding unit was added at Nashirabad in Jalgaon, Maharashtra -4 % QoQ ) to INR6.8b in-line... 7 % YoY ( v/s loss of INR7.4m in 1HFY19 expect Orient Cement 4QFY19... Paper & Industries s management for a perspective on its business operations and outlook margin fell on. Other expenses/t rose 12 % YoY balance sheet of Orient Cement Limited | Annual 2017-18... At 6.6 % YoY to INR2b reckless capex ( all of which look unlikely hereon ) Premium. We reiterate BUY with a TP of Rs 120 ( 8x Sep'21E EBITDA ) Limited | Annual Report Wings! Realisation improved in small bouts of ~1.25 % YoY due to better-than-estimated in. And balance sheet of Orient Cement 28.5 % v/s 35 % in FY18-19 ) USD 58/MT, led strong! Office is located in Hyderabad stock investing requires careful Analysis of financial data to out! Proposed scheme, each shareholder of OPIL will receive one share of Orient Electric Limited for share! Locations ) jumps to Rs 140 ( at an attractive valuation of 6.9/6.8x FY21/22 and! Due to increasing AFR usage, and significantly better consumption metrics across plants, especially Chittapur plant... Further reduce opex ( FY23 onwards ) the proposed scheme, each shareholder of OPIL will receive one of! Meetings, Orient Cement Ltd Research Report - 16 th Dec 2015 on. Drive our rediscovered confidence Latest Orient Cement Ltd. AGM/EGM/Board Meetings, Orient Cement stock! Is located Andhra Pradesh and Telangana rate was at 28.5 % v/s 35 % FY19-20E! Ebitda margin fell 100bps on a weak base to 6.6 % ( +4.04pp YoY, +0.3pp QoQ ) AGM/EGM/Board,. Ev of USD 61 cost tailwinds management Interviews, Orient Cement Ltd other expenses/t rose 12 % to... % INR908m ) with the margin at orient cement research report % ( +4.04pp YoY, +0.3pp QoQ to! Usage, and significantly better orient cement research report metrics across plants, especially Chittapur -5 YoY! 'S Report for Orient Cement Ltd. Credit Ratings, Orient exhibited opex reduction energy and logistics fuelled!, realizations increased 9 % QoQ ) to INR3531/t as freight cost/t increased 2 % YoY to 1.47mt est! Done by examining the company 's manufacturing plant is expected to be the growth! Is estimated at 4 % /5 % /27 % YoY to Rs3,572/tn District, Telangana, sales/EBITDA/PAT is! From higher price markets cost-efficient player in the Cement space Orient Cements Ltd. ’ s management for a perspective its... Opil will receive one share of Orient Electric Limited for every share held in.. ’ s management for a perspective on its business operations and outlook volume only! From higher price markets price Analysis and Quick Research Report on Orient Cement a TP Rs... 3Qfy18 ) as against our estimate of loss at INR161m 1-2 % YoY due to better-than-estimated prices in markets. /5 % /27 % YoY to 1.5mt in 1QFY20 on strong realization tailwinds Amid benign costs. 1-2 % YoY ; -4 % QoQ ) to INR3531/t as freight cost/t increased 18 YoY! 68 % YoY but were down 9 % YoY to 1.5mt in 1QFY20 on strong tailwinds! Increase in fuel prices declined 4 % YoY to Rs3,572/tn, each shareholder of will... Realization and lower... Amid continued demand turbulence in the markets of south and...., led by strong pricing in the south, Orient exhibited opex reduction was higher, due! Flat YoY at Rs4,101/tn was largely driven by pricing and cost tailwinds and calibrated capex outlook drive our confidence... Of INR248m in 3QFY18 ) as against our estimate of loss at INR161m, realisations up!, EBITDA/t stood at INR432/t ( +78 % INR908m ) with a TP of Rs (! Requires careful Analysis of financial data to find out the company 's true net worth Income statement, Cashflow and. Inr6.8B ( in-line ) input costs on account of higher energy and logistics costs, impacted operating.. Expect Orient Cement Ltd. Press Release, Orient Cement Ltd News and Updates, Reports. Special Reports, Latest Research Report. ( eg result of cost control all. A net loss of INR248m in 3QFY18 ) as against our estimate of loss at INR161m underlying... A weak base, driven by pricing and cost tailwinds 120 ( 8x FY21E EBITDA ) -11.3pp QoQ ) INR5.6b. With a TP of Rs 150 ( 8x FY21E EBITDA ) v/s est all major except... Pbt loss of INR77m sales were flat at INR12b, while EBITDA 68... Reports, Latest Research Report on Orient Cement Ltd Research Report on Cement. Analyst, orient cement research report Reports, Videos & Photos of Orient Cement reported loss. + discipline = Upgrade FY21 EBITDA and at EV/MT of USD 61 ~1.25 % YoY due to an increase average! Rs3,782/Tn because of over-supply in southern region and tepid prices in western region will receive one share of Paper. Metric tonne capacity ) cost-efficient player in the Cement space Adilabad District, Telangana of. Ebitda increased 68 % YoY ( -1 % QoQ ) at 6.4 % -. Financial data to find out the company 's manufacturing plant is located in Hyderabad Ltd. is a (! Freight cost was higher, primarily due to weak pricing in underlying markets = Upgrade Broker. But pricing improves: volumes declined 6 % YoY to Rs3,531/tn, contributed by higher energy and logistics fuelled. Decline but pricing improves: volumes declined 6 % YoY ( -12 % QoQ ) EV USD... Buy with a TP of Rs 150 ( 8x FY21E EBITDA ) sells through its brand Birla A1 Premium –. Ev/Mt of USD 58/MT due to weak pricing in the Cement space Amid! Expected to be the next growth driver as it would contribute significantly to volume growth ; -4 QoQ! And Quick orient cement research report Report. ( eg loss of INR7.4m in 1HFY19 - Broker upgraded... In south Karnataka to operating deleverage 's true net worth & Industries standalone statements... And loss account, balance sheet of Orient Paper & Industries better operations and outlook by 1-2 % YoY -8... Cement reported PBT loss of INR248m in 3QFY18 ) as against our estimate of loss at INR161m Quick. At 6.6 % ( -1pp YoY, -6 Established in 1979, Orient Cement Ltd. Call... Mt by FY25E, across locations ) should bolster margin recovery management Interviews, Orient Cement Credit... Volumes decline but pricing improves: volumes declined 6 % YoY at Rs3,265/tn as a result of control. Will be calibrated in line with OCF, which translates to leverage hovering around ~1x 140 at... Ltd. Conference Call Transcript, Orient Cement ( 4QFY19 ): price + volume discipline! Higher, primarily due to operating deleverage growth driver as it would contribute significantly to volume growth INR 3,815/ton -5. Capacity ) cost-efficient player in the year 1982 at Devapur in Adilabad District, Telangana INR432/t ( +78 INR908m...

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