Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ORIENT CERATECH LIMITED · 28 October 2026Page 1 of 3
Company Dossier
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ORIENT CERATECH LIMITED
NSE: ORIENTCER · BSE: 504879
NSE: ORIENTCER · BSE: 504879
Industrials › Capital Goods › Industrial Products › Electrodes & Refractories
ORIENT CERATECH LIMITED
StateQ1 FY27 filed
Last close · 27 Oct 2026₹39.30
Market cap₹0.5k cr
TTM P/E · P/B · EV/EBITDA18.0 · 1.56 · 8.5
ORIENT CERATECH LIMITED is a Industrial Products company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 267 | 302 | 313 | 327 | 404 |
| EBITDA (ex other income) | 17 | 26 | 38 | 31 | 41 |
| margin % | 6.5 | 8.5 | 12.1 | 9.4 | 10.1 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.57 | 1.19 | 1.59 | 0.83 | 1.83 |
| ROE % · ROCE % | 2.8 · 4.5 | 5.5 · 7.7 | 6.9 · 9.1 | 3.5 · 6.1 | 7.2 · 9.9 |
| Debt / equity (x) | 0.15 | 0.06 | 0.21 | 0.25 | 0.13 |
| Cash from operations | 33 | 44 | (15) | 21 | 51 |
| Capex | (40) | (16) | (27) | (25) | (11) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ORIENT CERATECH LIMITED · 28 October 2026Page 2 of 3
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 | 70 | 74 | 85 | 98 | 114 | 93 | 98 | 101 |
| Profit before tax | 3 | 2 | 5 | 5 | 10 | 6 | 7 | 13 |
| Net profit | 2 | 2 | 3 | 4 | 7 | 4 | 6 | 9 |
| EPS (₹) | 0.16 | 0.14 | 0.29 | 0.36 | 0.63 | 0.37 | 0.47 | 0.71 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Alumina Refactories & Monolithics products & bauxite ores | 193 | 47.9 |
| Power division | 7 | 1.6 |
| Alumina refactories & monolithics products & bauxite ores | 204 | 50.5 |
| Total, before eliminations | 404 | 100.0 |
Source: the filed segment block, four quarters summed.
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. % |
|---|---|---|---|---|---|---|---|---|
| GRAPHITE INDIA LTD | 14,490 | 41.8 | 2.47 | 40.8 | 2.9 | 4.0 | 7.8 | 28.6 |
| RAGHAV PRODUCTIVITY ENH L | 8,124 | 129.5 | 33.22 | 105.0 | 22.4 | 27.4 | 31.8 | 30.8 |
| VESUVIUS INDIA LTD | 7,788 | 30.4 | 4.45 | — | 6.5 | 8.6 | — | 18.0 |
| RHI MAGNESITA INDIA LTD | 7,434 | — | 2.09 | — | (10.8) | (8.2) | 24.0 | 14.5 |
| HEG ADVANCED MATERIAL LTD | 4,146 | 11.6 | 0.87 | 9.1 | 7.2 | 5.9 | 15.4 | 28.5 |
| IFGL REFRACTORIES LIMITED | 1,207 | 29.5 | 1.03 | 9.6 | 3.0 | 3.6 | 13.1 | 7.8 |
| FOSECO CRUCIBLE INDIA LIMITED | 1,030 | 55.0 | 7.35 | — | 13.4 | 18.8 | — | (1.0) |
| ORIENT CERATECH LIMITED ◆ | 470 | 18.0 | 1.56 | 9.8 | 7.2 | 8.4 | — | 17.8 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.0 | 30.0 | 3 of 9 | 75% |
| P/B | 1.6 | 2.3 | 4 of 10 | 67% |
| ROCE | 8.4 | 8.6 | 7 of 11 | 40% |
| ROE | 7.2 | 7.1 | 4 of 10 | 67% |
| Debt / Equity | 0.1 | 0.0 | 8 of 10 | 22% |
| EBITDA margin | 17.8 | 18.0 | 7 of 11 | 40% |
| Revenue growth | 2.2 | 5.6 | 8 of 11 | 30% |
| Profit growth | 99.2 | 57.8 | 1 of 11 | 100% |
| Market cap | 470 | 1207 | 8 of 11 | 30% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ORIENT CERATECH LIMITED · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Dematerialization Certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading Window Closure from October 1 for Q2 Results | compliance | minimal | — | — |
| 24 Sept 2026 · Managing Director Manan Shah resigns effective Sep 30 2026 | management changes | critical | — | — |
| 24 Sept 2026 · Managing Director Manan Shah resigns from Orient Ceratech effective Sept 30, 2026 | management changes | critical | — | — |
| 24 Sept 2026 · MD Manan Shah resigns, continues as Non-Executive Director | board shareholder meetings | low | — | — |
| 24 Sept 2026 · AGM results: 35 percent dividend declared, all 5 resolutions passed | board shareholder meetings | low | — | — |
| 24 Sept 2026 · 55th AGM held; 35 percent dividend, FY26 accounts, RPTs with Bombay Minerals tabled | board shareholder meetings | low | — | — |
| 15 Sept 2026 · Revised Q1 FY27 results: PAT from continuing ops jumps sharply | results | medium | — | — |
| 2 Sept 2026 · Orient Ceratech files 55th AGM newspaper ad copies with exchanges | compliance | minimal | — | — |
| 2 Sept 2026 · Orient Ceratech sets Sep 17, 2026 as record date for FY26 dividend of Rs 0.35 per share | corporate actions | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in