NSE: ORICONENT · BSE: 513121
ORICON ENTERPRISES LTD
Operates as an industrial group that has been aggressively divesting its operating businesses. Its only continuing activity of meaningful scale is a trading segment, which contributed Rs 16.20 crore in revenue for the year ended March 2026 (12.8% of segment revenue). The remaining 87.2% of segment revenue (Rs 110.10 crore) came from discontinued operations, reflecting historical businesses in packaging, petrochemicals, metal crown seals and aluminium collapsible tubes that have been sold or are being wound down. The company has divested its Plastic Closures, Petrochemical, Metal Crown Seals and Aluminium Collapsible Tube divisions in recent years, sold its 80% stake in subsidiary Oriental Containers Limited, and exited Claridge Energy LLP. Consolidated revenue for FY26 was Rs 42.15 crore with net profit of Rs 25.75 crore, while standalone revenue from continuing operations was Rs 1,620.22 lakhs. Cost structure shows employee costs at 33.3% of revenue and other operating expenses at 60.1%, with materials at 0%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Discontinued Operations (87%), Trading (13%), Others (0%). Industrial conglomerate in restructuring/wind-down mode, having divested its operating businesses
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 510 | 603 | 143 | 173 | 42 |
| EBITDA (ex other income) | 170 | 39 | (28) | (32) | (43) |
| margin % | 33.3 | 6.5 | (19.3) | (18.5) | (103.1) |
| Owners' profit | 128 | 15 | 30 | 139 | 26 |
| EPS, as reported (₹) | 8.15 | 0.95 | 1.91 | 8.87 | 1.64 |
| ROE % · ROCE % | 11.3 · 15.6 | 1.4 · 2.6 | 2.6 · (0.0) | 11.1 · 0.7 | 2.2 · 2.6 |
| Debt / equity (x) | 0.13 | 0.08 | 0.10 | 0.01 | 0.00 |
| Cash from operations | 34 | 25 | 68 | (40) | (2) |
| Capex | (54) | (81) | (97) | 0 | (21) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 51 | 48 | 37 | 9 | 18 | 15 | 7 |
| Profit before tax | 5 | 4 | (1) | 18 | 10 | 14 | (14) | 21 |
| Net profit | 129 | 3 | (0) | 12 | 9 | 9 | (4) | 15 |
| EPS (₹) | 8.19 | 0.20 | 0.00 | 0.79 | 0.56 | 0.56 | (0.27) | 1.46 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| trading | 15 | 9.6 |
| Discontinued Operations | 38 | 24.0 |
| Continued operation Trading | 18 | 11.6 |
| Discontinued Operations packaging | 17 | 10.8 |
| Discontinued Operations petrochemical | 4 | 2.4 |
| Packaging | 4 | 2.6 |
| Others | 8 | 4.8 |
| Packaging - Continuing Operations | 34 | 21.7 |
| Trading and Others | 7 | 4.4 |
| Petrochemical - Discontinue Operation | 13 | 8.1 |
| Total, before eliminations | 158 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 6,871 | 14.1 | 2.40 | 7.5 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,627 | 12.8 | 1.92 | 7.0 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,203 | 6.2 | 0.52 | 6.7 | 3.9 | 2.7 | 11.6 | 17.1 |
| TCPL PACKAGING LIMITED | 3,722 | 32.2 | 5.18 | 14.1 | 13.6 | 13.0 | 15.4 | 17.8 |
| JINDAL POLY FILMS LIMITED | 2,951 | 144.3 | 0.72 | 10.1 | 0.6 | 0.8 | 8.5 | 23.0 |
| POLYPLEX CORPORATION LTD | 2,899 | 18.7 | 0.41 | 8.0 | 0.6 | 0.3 | 7.6 | 14.3 |
| XPRO INDIA LIMITED | 2,360 | 71.5 | 2.96 | 51.2 | 2.4 | 2.8 | 6.2 | 11.4 |
| COSMO FIRST LIMITED | 1,923 | 11.4 | 1.19 | 7.2 | 9.6 | 6.4 | 9.8 | 12.6 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.4 | 16.2 | 43 of 64 | 33% |
| P/B | 0.7 | 1.3 | 16 of 61 | 75% |
| ROCE | 2.5 | 6.9 | 50 of 68 | 27% |
| ROE | 2.2 | 6.8 | 48 of 61 | 22% |
| Debt / Equity | 0.0 | 0.4 | 5 of 61 | 93% |
| EBITDA margin | 298.4 | 12.1 | 1 of 62 | 100% |
| Revenue growth | (80.5) | 14.0 | 60 of 61 | 2% |
| Profit growth | 32.9 | 23.4 | 28 of 60 | 54% |
| Market cap | 848 | 118 | 14 of 73 | 82% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 9 Oct 2026 · Routine compliance certificate for dematerialisation of shares | compliance | minimal | — | — |
| 1 Oct 2026 · Promoter group Sarvamangal Mercantile sells 0.62 percent stake in Oricon Enterprises | ownership changes | high | — | — |
| 30 Sept 2026 · AGM Results: Dividend Declared, All 4 Resolutions Passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Promoter Mridula Somani buys 0.61 percent stake in Oricon Enterprises | ownership changes | medium | — | — |
| 29 Sept 2026 · Oricon Enterprises 56th AGM held on September 29, 2026 | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 15 Sept 2026 · Oricon Enterprises resubmits Q1 FY27 results to NSE after clarification | results | medium | — | — |
| 11 Sept 2026 · 56th AGM Notice and Annual Report FY 2025-26 Sent to Shareholders | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of IEPF transfer for unclaimed dividend shares from FY 2018-19 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.