ORIENT CERATECH LIMITED

BSE: ORIENTCER504879ISIN INE569C01020

Industrials
Electrodes & Refractories

Share price

₹38.86-0.54 (-1.37%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹56.58
52W low: ₹33.03
Off 52W high: -31.32%
1M return: -11.56%
3M return: -5.13%
6M return: -8.22%
1Y return: +6.47%
20D avg volume: 2,665
50 DMA: ₹43.62
200 DMA: ₹41.39

Key ratios Consolidated

Market cap: ₹464.92 Cr
Current price: ₹38.86
52W high / low: ₹56.58 / ₹33.03
Face value: ₹1.00
P/E: 17.80
P/B: 1.54
EPS (TTM): ₹2.18
Book value / share: ₹25.24
ROE: —
ROCE: 9.90%
Operating margin: —
Net margin: —
Debt / equity: 0.13
Net debt: ₹31.68 Cr
Interest cover: 6.55
Dividend yield: 0.90%
Dividend / share (TTM): ₹0.35
Payout: 16.05%
Cash conversion cycle: 138.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	100.65	98.25	93.35	113.55	98.45	84.57	74.12	70.03	98.09	82.61	75.05	82.89
	1.74	6.24	1.47	1.80	1.25	0.92	1.38	1.13	0.72	1.28	0.66	0.05
	102.39	104.49	94.83	115.36	99.70	85.49	75.49	71.16	98.81	83.89	75.71	82.94
	88.98	97.38	86.80	105.55	94.22	80.91	73.34	68.57	94.92	79.10	71.27	75.99
	36.24	55.05	39.30	38.67	39.91	27.20	33.15	29.47	47.27	36.28	34.67	33.58
	2.03	3.14	-5.11	3.45	4.36	-3.52	1.76	2.16	5.36	2.14	2.56	5.67
	12.23	12.02	11.91	11.25	10.88	9.16	10.48	10.13	10.47	8.87	9.57	9.04
	1.33	1.22	1.23	1.21	1.45	1.98	1.87	1.69	1.55	1.18	0.53	0.80
	3.21	7.12	3.84	3.49	3.62	3.54	3.61	3.64	3.60	3.25	3.82	3.39
	42.79	37.43	33.97	33.90	34.99	29.63	17.17	17.48	19.77	17.50	15.92	15.36
	13.41	7.11	8.02	9.81	5.48	4.58	2.15	2.59	3.89	4.80	4.44	6.95
	0.00	0.00	-2.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.35	0.00
	13.41	7.11	5.89	9.81	5.48	4.58	2.15	2.59	3.89	4.80	6.80	6.95
	2.85	1.45	1.48	2.32	1.18	1.11	0.45	0.74	0.98	0.51	1.54	1.71
	8.57	5.66	4.41	7.49	4.30	3.47	1.70	1.85	2.91	4.29	5.25	5.25
	0.71	0.47	0.37	0.63	0.36	0.29	0.14	0.16	0.24	0.36	0.44	0.44
Key metrics
	17.95	15.45	10.96	14.51	10.55	10.10	7.63	7.92	9.04	9.23	11.15	11.14
	17.80%	15.70%	11.70%	12.80%	10.70%	11.90%	10.30%	11.30%	9.20%	11.20%	14.90%	13.40%
	8.50%	5.80%	4.70%	6.60%	4.40%	4.10%	2.30%	2.60%	3.00%	5.20%	7.00%	6.30%
	—	2.50%	—	3.40%	—	2.00%	—	—	—	—	—	—
	2.20%	16.20%	25.90%	62.10%	0.40%	2.40%	-1.20%	-15.50%	—	—	—	—
	99.30%	63.10%	159.40%	304.90%	47.80%	-19.10%	-67.60%	-64.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	405.80	403.60	327.10	313.37	302.21	267.07
	11.25	10.76	3.85	3.03	7.88	5.79
	417.07	414.37	330.95	316.39	310.08	272.86
	378.71	383.95	317.75	296.12	291.98	264.16
	169.26	171.84	126.08	131.60	98.67	57.40
	3.51	9.16	2.25	23.74	68.23	75.92
	47.41	46.06	40.24	34.91	27.24	26.26
	4.99	5.10	7.09	3.23	3.52	2.99
	17.66	18.08	14.39	13.53	11.92	11.43
	148.09	138.04	132.00	61.56	50.28	53.05
	38.35	30.42	13.21	20.27	18.11	8.70
	-2.14	-2.14	0.00	4.06	0.00	0.00
	36.22	28.28	13.21	24.33	18.11	8.70
	8.10	6.43	3.28	5.32	3.89	1.84
	26.13	21.86	9.93	19.02	14.21	6.86
	2.18	1.83	0.83	1.59	1.19	0.57
Key metrics
	58.87	51.46	34.69	41.09	33.55	23.12
	14.51%	12.80%	10.60%	13.10%	11.10%	8.70%
	6.44%	5.40%	3.00%	6.10%	4.70%	2.60%
	—	9.90%	6.10%	—	—	—
	24.03%	23.40%	4.40%	3.70%	13.20%	—
	130.83%	120.10%	-47.80%	33.80%	107.10%	—
	—	39.89	-4.10	—	—	—
	—	2.34	2.12	—	—	—
	—	0.13	0.25	—	—	—
	—	31.68	66.27	—	—	—
	—	138.0	169.0	—	—	—
Balance sheet
	—	415.64	417.83	—	—	—
	—	243.37	236.41	—	—	—
	—	7.93	5.24	—	—	—
	—	76.83	77.06	—	—	—
	—	125.29	116.12	—	—	—
	—	25.82	29.04	—	—	—
	—	151.54	149.14	—	—	—
	—	49.56	41.72	—	—	—
	—	79.25	85.33	—	—	—
	—	39.61	71.51	—	—	—
	—	17.80	34.78	—	—	—
	—	21.81	36.73	—	—	—
	—	302.06	282.97	—	—	—
Cash flow
	—	51.18	21.05	—	—	—
	—	-8.37	-23.55	—	—	—
	—	-40.13	3.75	—	—	—
	—	11.29	25.15	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	106.10	95.24	94.51	115.52	100.12	85.85	74.17	72.53	99.78	84.42	80.45	82.99
	2.57	7.07	2.47	2.80	2.25	1.66	2.13	1.89	1.36	1.69	1.22	0.81
	108.67	102.31	96.98	118.31	102.37	87.51	76.30	74.42	101.14	86.12	81.67	83.80
	98.77	96.01	89.51	110.13	98.19	83.86	73.06	71.96	97.59	81.50	78.00	77.92
	35.37	47.33	31.59	35.33	31.00	27.47	29.87	27.01	41.49	32.29	31.98	25.49
	24.79	17.02	10.89	28.34	31.01	15.67	9.37	13.29	24.19	15.49	21.09	23.05
	7.25	7.41	7.10	6.63	6.46	5.28	6.57	6.44	6.83	5.25	5.70	5.44
	0.87	0.78	0.83	0.81	0.92	1.28	1.45	1.44	1.50	1.21	0.55	0.82
	2.33	6.26	2.97	2.61	2.76	2.68	2.74	2.77	2.75	2.42	2.99	2.58
	35.97	31.90	29.81	30.57	27.96	25.41	15.08	15.51	17.80	15.96	13.67	12.53
	9.89	6.30	7.47	8.18	4.18	3.66	3.24	2.46	3.55	4.62	3.68	5.87
	0.00	0.00	-1.69	0.00	0.00	0.00	—	—	—	—	2.35	—
	9.89	6.30	5.78	8.18	4.18	3.66	3.24	2.46	3.55	4.62	6.03	5.87
	1.99	1.12	1.50	2.08	1.06	0.80	0.84	0.71	0.94	0.91	1.31	1.39
	5.92	5.18	4.28	6.10	3.13	2.86	2.40	1.75	2.60	3.72	4.72	4.48
	0.66	0.43	0.36	0.51	0.26	0.24	0.20	0.15	0.22	0.31	0.40	0.38
Key metrics
	13.09	13.34	9.58	11.60	7.86	7.62	7.43	6.67	7.80	8.25	9.57	9.27
	12.30%	14.00%	10.10%	10.00%	7.90%	8.90%	10.00%	9.20%	7.80%	9.80%	11.90%	11.20%
	5.60%	5.40%	4.50%	5.30%	3.10%	3.30%	3.20%	2.40%	2.60%	4.40%	5.90%	5.40%
	—	2.30%	—	2.90%	—	1.60%	—	—	—	—	—	—
	6.00%	10.90%	27.40%	59.30%	0.30%	1.70%	-7.80%	-12.60%	—	—	—	—
	89.10%	81.10%	78.30%	248.60%	20.40%	-23.10%	-49.20%	-60.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	411.37	405.39	332.63	316.98	283.85	258.31
	14.91	14.58	6.74	5.50	9.47	6.37
	426.27	419.97	339.37	322.49	293.32	264.67
	394.42	393.83	326.47	304.55	277.42	255.75
	149.62	145.25	114.83	114.54	96.92	58.03
	81.04	87.27	62.52	79.45	85.02	77.93
	28.39	27.60	25.12	20.73	16.87	22.98
	3.29	3.34	5.68	3.33	3.51	2.98
	14.17	14.60	10.95	10.27	9.52	10.46
	128.25	120.24	111.73	52.69	39.77	48.43
	31.84	26.14	12.90	17.94	15.89	8.92
	-1.69	-1.69	0.00	4.27	—	—
	30.15	24.45	12.90	22.21	15.89	8.92
	6.69	5.76	3.29	5.10	3.27	1.90
	21.48	18.68	9.62	17.11	12.63	7.02
	1.96	1.56	0.80	1.43	1.05	0.59
Key metrics
	47.61	42.39	29.53	35.81	28.92	22.36
	11.57%	10.50%	8.90%	11.30%	10.20%	8.70%
	5.22%	4.60%	2.90%	5.40%	4.40%	2.70%
	—	8.90%	6.20%	—	—	—
	23.66%	21.90%	4.90%	11.70%	9.90%	—
	111.83%	94.20%	-43.80%	35.50%	79.90%	—
	—	22.32	16.28	—	—	—
	—	1.36	4.19	—	—	—
	—	0.08	0.16	—	—	—
	—	18.54	41.82	—	—	—
	—	122.6	150.8	—	—	—
Balance sheet
	—	380.92	376.50	—	—	—
	—	219.21	199.00	—	—	—
	—	5.57	3.69	—	—	—
	—	76.20	77.06	—	—	—
	—	101.04	92.38	—	—	—
	—	29.50	19.43	—	—	—
	—	106.73	102.03	—	—	—
	—	41.07	32.10	—	—	—
	—	69.17	74.82	—	—	—
	—	24.11	45.51	—	—	—
	—	17.80	34.78	—	—	—
	—	6.31	10.73	—	—	—
	—	294.94	279.35	—	—	—
Cash flow
	—	25.48	40.28	—	—	—
	—	4.26	-19.16	—	—	—
	—	-27.86	-20.82	—	—	—
	—	3.16	24.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.61%
Sales CAGR 5Y: —
Profit CAGR 3Y: +13.94%
Profit CAGR 5Y: —
Sales YoY (TTM): +23.66%
Profit YoY (TTM): +111.83%

Consolidated

Sales CAGR 3Y: +10.12%
Sales CAGR 5Y: —
Profit CAGR 3Y: +15.44%
Profit CAGR 5Y: —
Sales YoY (TTM): +24.03%
Profit YoY (TTM): +130.83%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 63.89%

Quarter	September 2026	June 2026
Promoter %	63.89%	63.89%

Holder	Type	Holding	Previous	Change
CURA GLOBAL HOLDINGS LIMITED	Promoter	23.73%	23.73%	0.00%
BOMBAY MINERALS LIMITED	Promoter	23.72%	23.72%	0.00%
LEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LTD.	Public	8.75%	8.75%	0.00%
ASHAPURA INTERNATIONAL LIMITED	Promoter Group	8.35%	8.35%	0.00%
MANAN CHETAN SHAH	Promoter Group	5.70%	5.70%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF	Public	3.00%	3.04%	-0.04%
ALBULA INVESTMENT FUND LTD	Public	2.73%	2.73%	0.00%
CHETAN NAVNITLAL SHAH	Promoter Group	2.16%	2.16%	0.00%
M7 GLOBAL FUND PCC-CELL DEWCAP FUND	Public	1.72%	1.72%	0.00%
HIMANI CHETAN SHAH	Promoter Group	0.14%	0.14%	0.00%
CHAITALI NISHIT SALOT	Promoter Group	0.09%	0.09%	0.00%
ANKUR HITENDRA SHAH	Promoter Group	0.00%	0.00%	0.00%
DINA CHETAN SHAH	Promoter Group	0.00%	0.00%	0.00%
NATASHA ANIL DOSHI	Promoter Group	0.00%	0.00%	0.00%
ASHAPURA MINECHEM LIMITED	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Graphite India Ltd.	14,495	741.90	73.43	4.40%	+21.02% TTM	-4.22% TTM	+20.99%
HEG Advanced Materials Limited	9,513	288.45	18.24	6.70%	+1.43% TTM	+102.26% TTM	—
RAGHAV PRODUCTIVITY ENHANCERS LIMITED	8,291	1,805.40	117.62	27.70%	+38.23% TTM	+55.04% TTM	+99.93%
RHI MAGNESITA INDIA LIMITED	7,533	364.80	-21.30	-7.20%	+8.45% TTM	-314.43% TTM	-23.35%
Vesuvius India Ltd. S	7,511	370.05	—	—	+4.43% TTM	+3.24% TTM	-25.07%
IFGL Refractories Limited	1,242	172.25	30.28	4.90%	+15.37% TTM	+40.53% TTM	-29.62%
FOSECO CRUCIBLE INDIA LIMITED S	1,007	1,798.75	35.11	18.90%	+5.61% TTM	+13.45% TTM	+15.53%
ORIENT CERATECH LIMITED	465	38.86	17.80	9.90%	+24.03% TTM	+130.83% TTM	+6.47%
De Nora India Limited S	369	695.80	64.55	9.20%	+12.75% TTM	+115.85% TTM	-14.47%
Panasonic Carbon India Co.Ltd S	187	388.90	9.72	16.00%	-9.34% TTM	-9.27% TTM	-20.33%
Nilachal Refractories Ltd. S	73	36.08	-9.70	164.60%	+40.40% TTM	+64.12% TTM	-8.03%

Filings & corporate actions

Recent announcements

Enclosed4 Nov 2026 · Result / Financial Results
Enclosed4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Orient Ceratech Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Enclosed29 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended 30th September, 202614 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Enclosed28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Outcome of Board Meeting/ Disclosure under Regulation 30 of SEBI (LODR) 201524 Sep 2026 · Company Update / Resignation of Managing Director
Enclosed24 Sep 2026 · AGM/EGM / AGM
Enclosed24 Sep 2026 · AGM/EGM / AGM
Enclosed15 Sep 2026 · Result / Financial Results
Enclosed2 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed2 Sep 2026 · Company Update / General
Record Date for Declaration of Dividend is 17th September, 20262 Sep 2026 · Corp. Action / Record Date
Please find enclose Annual Report 2025-20262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed Notice of Annual General Meeting, Annual Report 2025-2026, Record Date and Remote E-Voting.2 Sep 2026 · AGM/EGM / AGM
Copy of Newspaper Publication- Notice to Members26 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication of Unaudited Financial Statements for the quarter ended 30th June, 202610 Aug 2026 · Company Update / Newspaper Publication
Enclosed6 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on 6th August, 20266 Aug 2026 · Board Meeting / Outcome of Board Meeting
Orient Ceratech Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve Enclosed3 Aug 2026 · Board Meeting / Board Meeting
Scrutinizer''s Report and Voting Results of Postal Ballot.30 Jul 2026 · AGM/EGM / Postal Ballot
Proceedings of Postal Ballot30 Jul 2026 · AGM/EGM / Postal Ballot
Certificate under reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June, 2026.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Update on Credit Rating2 Jul 2026 · Company Update / Credit Rating
Update on Sale of Seven Windmill Business1 Jul 2026 · Company Update / General
Copy of Newspaper Advertisement of Postal Ballot1 Jul 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot30 Jun 2026 · AGM/EGM / Postal Ballot
Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed18 Jun 2026 · Company Update / General
Enclosed9 Jun 2026 · Company Update / General
Enclosed29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Enclosed29 May 2026 · Company Update / Newspaper Publication
Enclosed28 May 2026 · Result / Financial Results
Enclosed27 May 2026 · Company Update / General
Re-appointment of Mr. Ketan Shrimankar as No-Executive Independent Director27 May 2026 · Company Update / Change in Management
Enclosed27 May 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Enclosed27 May 2026 · Result / Financial Results
Enclosed27 May 2026 · Board Meeting / Outcome of Board Meeting
Orient Ceratech Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Enclosed20 May 2026 · Board Meeting / Board Meeting
Enclosed8 Apr 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Certificate under 74(5) of SEBI (Depositories and Participant), Regulation, 2018 for the quarter ended 31st March, 2026.6 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.3500	17 Sep 2026	17 Sep 2026	—
Final Dividend - Rs. - 0.2500	16 Sep 2025	16 Sep 2025	—
Final Dividend - Rs. - 0.2500	23 Sep 2024	23 Sep 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results