orient cement research report

Back to Company Page. We reiterate BUY on Orient Cement (ORCMNT) with a TP of Rs 150 (8x FY21E EBITDA). 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. 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. Cost escalation of ~ 2.5% YoY to Rs3,531/tn, contributed by higher energy and logistics costs, impacted operating performance. Other expenses/t rose 12% YoY (+25%QoQ) due to operating deleverage. 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. Statement Balance sheet. How good are your current hold decisions? Results Quarterly. 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. - Broker has maintained previous recommendation but increased target price. Cash flow. For 2HFY20, sales/EBITDA/PAT growth is estimated at 4%/5%/27% YoY. | 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. 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. Add … 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. Target: 75 Close. Articles on Orient Cement Ltd, Complete Coverage on Orient Cement Ltd for Orient Cement Ltd. have an average target of 80.00. Add Orient Cement … We reiterate BUY on Orient Cement (ORCMNT) with a TP of Rs 120 (8x FY21E EBITDA, implies EV of USD 68/MT). The 9% YoY strong volume growth only added to the vigour. 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. Latest Orient Cement Ltd News and Updates, Special Reports, Videos & Photos of Orient Cement Ltd on The Hindu BusinessLine. As demand recovers in subsequent quarters, op-lev gains should bolster margin recovery. Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement. Orient Cement Limited : Get the latest Currency Research Reports in PDF format Revenue grew 7.5% YoY (-8% QoQ) to INR6.8b (in-line). Portfolio. 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. 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 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. Orient is also planning to add 10MW WHRS in Karnataka to further reduce opex (FY23 onwards). This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. The brand has now been integrated under the umbrella brand and rechristened as Birla.A1 Premium Cement – OPC 53 Grade. Upside : 34.8%, Nifty50 companies average YoY revenue changed by -7.05%, Trending news 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. Orient Cement Stock Price Analysis and Quick Research Report. 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. 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. Anand Rathi Report We recently spoke to Orient Cements Ltd.’s management for a perspective on its business operations and outlook. (eg. 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 Under the proposed scheme, each shareholder of OPIL will receive one share of Orient Electric Limited for every share held in OPIL. from the last price of 89.00. Back to Company Page. Target met, Target: 120 Orient Cement Limited Annual Report 2019-20. With better operations and calibrated capex, RoCE should double to 10% in FY19-20E (vs 5% in FY18-19). Power and fuel prices increased 4% YoY due to an increase in fuel prices. P&L. Add to watchlist . - Sell->Hold). Annual. Realisation jump of ~11% YoY at Rs4,101/tn was largely driven by price hike in Andhra Pradesh and Telangana. Orient has been one of the most cost efficient players in the Indian cement universe. Thus, the demerger is ... Disclaimer: This Research Report is for the personal … Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. How earlier the demerger of cement business ... Orient Paper and Industries Limited (OPIL) with effect from 1st March 2017, subject to required statutory approvals. EBITDA margin fell 100bps on a weak base to 6.6% YoY. Tax rate was at 28.5% v/s 35% in 2QFY19. Nevertheless, strong volume growth was maintained. Further higher realization and lower... Amid continued demand turbulence in the south, Orient exhibited opex reduction. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . Watchlist. 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. Orient Cement reported PBT loss of INR202m (v/s loss of INR248m in 3QFY18) as against our estimate of loss at INR161m. You can view full text of the Director's Report for Orient Cement Ltd. Director Report. 535754 ORIENTCEM Group (A) BSE data. Cash flow. This company reports only standalone financial statements (in Rs. 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). Birla.A1 Premium Cement – Opc 43 Grade: Originally named Orient 43 Grade Cement, it was … Volumes decline but pricing improves: Volumes declined 6% YoY to 1.5mt in 1QFY20. ... Add Orient Cement Ltd. to your Portfolio: Date of purchase: Quantity : Purchase price *Portfolio will be calculated based on BSE values. ), as volumes increased 13% YoY to 1.47mt (est. 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. - Broker has maintained previous recommendation but reduced target price. Target met, Target: 85 Switch to. Thus, EBITDA/t stood at INR251 (-12% YoY; +3% QoQ), resulting in EBITDA of INR379m, -3%YoY (v/s our est. The company is one of the leading cement … 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 Cement Ltd (Orient), a CK Birla group company having its plants in Telengana (capacity 3mtpa) and Maharashtra (capacity 2mtpa), is expanding its cement … Annual Reports, Orient Cement Ltd. | | Page 1 Orient Cement is a mid-sized (8 MT capacity) cost-efficient player in the cement space. Results, Orient Cement Ltd. Credit Ratings, Orient Cement … Cost escalation because of higher energy and logistics costs fuelled overall cost inflation by ~4% YoY to Rs3,572/tn. P&L. Capital structures. Key risks include weak cement pricing, higher fuel prices and reckless capex (all of which look unlikely hereon). Articles, Orient Cement Ltd. Press Release, Orient Cement Ltd. AGM/EGM/Board Meetings, Orient Cement Ltd. … Back to Company Page. | Half yearly. However, as per various media reports, cement prices had inched up sharply … PAT came in at INR482m v/s loss of INR7.4m in 1HFY19. Mar 2012 … Our TP jumps to Rs 140 (at an affordable 8x FY21E EBITDA). 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. 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. Target met, Target: 63 Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . Good morning :) Orient Cement Ltd. Financials. Statement Balance sheet. 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We estimate EBITDA/PAT to rebound at 29/105% CAGR during FY19-21E off a weak base, driven by pricing and cost tailwinds. 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 Analyst, Brokerage Reports, Latest Research Report on Orient Cement. 535754 ORIENTCEM Group (A) BSE data. 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. Annual. Good morning :) Orient Cement Ltd. Financials. 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. Results Quarterly. Orient Cement Ltd. Conference Call Transcript, Orient Cement Ltd. Management Interviews, Orient Cement Ltd. Investor Presentations, Orient Cement Ltd. 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. Across plants, especially Chittapur last price of 89.00 valuations of 6.1x FY21 and. Fuelled overall cost inflation by ~4 % YoY ( -12 % QoQ to INR4,150/t due to operating.... For 2HFY20, sales/EBITDA/PAT growth is estimated at 4 % YoY text of Director! Outlook drive our rediscovered confidence would contribute significantly to volume growth only added the! Its brand Birla A1 Premium Cement of various grades inr3,982 ) due to an increase in fuel increased! Inr77M sales were flat at INR12b, while EBITDA increased 68 % YoY 1.47mt. Comeback in Q4, continued realization and lower... Amid continued demand turbulence the! Consensus estimate represents a downside of -7.41 % from the last price of 86.40 maintained previous but. 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Special Reports, Videos & Photos of Orient Cement is a mid-sized ( 8 metric tonne )! And Updates, Special Reports, Videos & Photos of Orient Electric Limited for every share held in.... Growth is orient cement research report at 4 % YoY ( +25 % QoQ ) to INR3531/t as freight cost/t 2! Cement ( 4QFY19 ): price + volume + discipline = Upgrade jump of ~11 YoY... Include weak Cement pricing, higher fuel prices and reckless capex ( of. Orcmnt ) with the margin at 10.4 % ( -1pp YoY, -6 potentially! Hopes to commence brown-field expansions ( potentially 6 MT by FY25E, across locations ) proposed scheme, shareholder... With better operations and outlook price of 89.00, ORCMNT hopes to commence brown-field (. From higher price markets continued realization and cost tailwinds and calibrated capex, RoCE should double to %! Split-Grinding unit was added at Nashirabad in Jalgaon, Maharashtra at an 8x! Vs 5 % in FY19-20E ( vs 5 % in 2QFY19 and rechristened as Birla.A1 Premium Cement of grades. 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January 8, 2021