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Buy Orient Cement Ltd For Target Rs.160 - Yes Securities Result Synopsis  Orient Cement's (ORCMNT) result was below expectation on all fronts, volume missed by 8% (+16% y/y) due to Chittapur plant maintenance shutdown, causing revenue 5% below YSECe (+16% y/y). Additionally, +10% higher total cost/te than est. resulted in EBITDA/PAT miss of 33/46% in Q1FY24. The inter-clinker movement & other cost surged due to the maintenance shutdown at Chittapur unit kept total cost elevated thereby dented EBITDA/te to Rs624, declined by 16% y/y ...
Buy Orient Cement Ltd For Target Rs.160 - Yes Securities
Buy Orient Cement Ltd For Target Rs.160 - Yes Securities
Source: Yes Securities Ltd
4/08/2023 11:53:01 AM
India`s Prism Johnson swings to Q1 profit on strong cement demand  Indian building materials maker Prism Johnson swung to a profit in the first quarter on the back of strong demand for cement and declining input costs. Consolidated profit after tax was 207.6 million rupees ($2.5 million) in the three months ended June 30, compared with a loss of 160.1 million rupees a year earlier. Demand for cement has been rising following increased government spending on infrastructure projects, analysts say. Prism's revenue from the cement segment, whi...
India`s Prism Johnson swings to Q1 profit on strong cement demand
India`s Prism Johnson swings to Q1 profit on strong cement demand
Source: Reuters
2/08/2023 2:26:05 PM
India`s Orient Cement posts lower Q1 profit as costs outpace demand Indian cement maker Orient Cement on Tuesday reported a lower profit for the quarter ended June 30 as mounting costs outpaced strong demand. Standalone net profit for the CK Birla Group's cement business slid to 370.3 million rupees ($4.50 million) in the first quarter, compared to 374.2 million rupees a year ago. Total expenses rose more than 17% to 7.72 billion rupees. For further earnings highlights, click KEY CONTEXT Indian cement manufacturers are trying to strike a balan...
India`s Orient Cement posts lower Q1 profit as costs outpace demand
India`s Orient Cement posts lower Q1 profit as costs outpace demand
Source: Reuters
1/08/2023 2:15:37 PM
Orient Cement gains on inking pact to acquire 28.52% stake in Ardeur Renewables Orient Cement is currently trading at Rs. 143.20, up by 0.60 points or 0.42% from its previous closing of Rs. 142.60 on the BSE. The scrip opened at Rs. 142.75 and has touched a high and low of Rs. 143.75 and Rs. 142.75 respectively. So far 1902 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 149.85 on 18-Jul-2023 and a 52 week low of Rs. 104.70 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs...
Orient Cement gains on inking pact to acquire 28.52% stake in Ardeur Renewables
Orient Cement gains on inking pact to acquire 28.52% stake in Ardeur Renewables
Source: Accord Fintech
24/07/2023 10:03:47 AM
Buy Orient Cement Ltd For Target Rs.155 - Yes Securities Result Synopsis Orient Cement (ORCMNT) reported a performance beat on all fronts as Revenue/ EBITDA/Adj. PAT came at Rs8.8/1.4/0.67bn (beat YSECe by +5/22/46%). This performance was largely driven by volume & NSR growth of +6% & 3% y/y owing to good demand from the B2B segment. EBITDA/te came at Rs812 remained muted by 14% y/y in Q4FY23. Company deferred its announced expansion of 3MTPA (2MTPA in Tiroda & 1MTPA in Devapur). As a result, we trimmed our Revenue/EBITDA & PAT ...
Buy Orient Cement Ltd For Target Rs.155 - Yes Securities
Buy Orient Cement Ltd For Target Rs.155 - Yes Securities
Source: Yes Securities Ltd
5/05/2023 1:59:44 PM
Buy Orient Cement Ltd For Target Rs.195 - Yes Securities Performance beat on all front led by strong volume & lower cost Result Synopsis Orient Cements (ORCMNT) reported a performance beat on all fronts, Revenue/ EBITDA/Adj. PAT came at Rs7.3/0.90/0.28bn (beats YSECe by +4/24/132%). Performance was largely driven by volume growth of +17% y/y (+16% q/q; +5% higher than YSECe) to 1.43MT owing to good demand from the infra segment (non-trade 51%). Whereas total cost/te came 3% below YSECe due to decline in RM/te and other cost/te. Consequent...
Buy Orient Cement Ltd For Target Rs.195 - Yes Securities
Buy Orient Cement Ltd For Target Rs.195 - Yes Securities
Source: Yes Securities Ltd
14/03/2023 11:39:34 AM
Buy Orient Cement Ltd For Target Rs.174 - Anand Rathi Share and Stock Brokers To add 3m tonnes by FY26; retaining a Buy Though good infrastructure demand boosted Orient Cement’s Q3 volume growth, high input costs curbed its operating performance. While cement capacity expansion continues to be delayed, the falling fuel cost benefit will be visible post-May’23. Cost savings from the 10MW WHRS, more government spending on infra and the firm B/S are positives. We retain a Buy rating on the stock, with a lower target price of Rs.174 (earlier Rs.176) on 7.5x ...
Buy Orient Cement Ltd For Target Rs.174 - Anand Rathi Share and Stock Brokers
Buy Orient Cement Ltd For Target Rs.174 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
28/02/2023 2:23:56 PM
Buy Orient Cement Ltd For Target Rs.194 - Yes Securities In?line with industry trend; reducing price gap with peers to improve margins Result Synopsis Orient Cements (ORCMNT) reported weak performance on account of seasonal weakness with escalated cost. Revenue was flat y/y, but declined by 14% q/q as erratic rainfall in core markets moderated volumes by 3% y/y and 10% q/q. NSR remained up by 4% y/y but seasonal correction caused a decline of 4% q/q. Total cost surged by 26% y/y and 6% q/q   dragged EBITDA/te by 75% y/y and 65% q/q ...
Buy Orient Cement Ltd For Target Rs.194 - Yes Securities
Buy Orient Cement Ltd For Target Rs.194 - Yes Securities
Source: Yes Securities Ltd
14/11/2022 10:06:09 AM
Buy Orient Cement Ltd For Target Rs.150 - ICICI Direct Strong b/s to help withstand near term challenges… About the stock: Orient Cement is a mid-sized (8.0 MT) cost-efficient player in the cement space. Its cement plants are located in Devapur, Telangana (3 MT integrated), Chittapur, Karnataka (3 MT integrated), Jalgaon, Maharashtra (2 MT grinding unit). * The company derives revenues largely from Maharashtra (50%), Telangana, Karnataka and MP markets * It also has 101 MW power plant (95 MW CPP, 6 MW WHRS) that makes it selfsuffi...
Buy Orient Cement Ltd For Target Rs.150 - ICICI Direct
Buy Orient Cement Ltd For Target Rs.150 - ICICI Direct
Source: ICICI Direct
20/05/2022 1:46:58 PM
Orient Cement Q4 net profit down 26.67% at Rs 73.24 cr The company reported standalone net profit of Rs 73.24 crore for the quarter ended March 31, 2022 as compared to Rs 99.88 crore in the same period last year, registering a year-on-year decline of 26.67 per cent. Net revenue of the company declined marginally by 3.34 per cent at Rs 803.86 crore in January-March quarter of this fiscal as against Rs 831.62 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 3.41 per cent to Rs 650.52 crore f...
Orient Cement Q4 net profit down 26.67% at Rs 73.24 cr
Orient Cement Q4 net profit down 26.67% at Rs 73.24 cr
Source: Dion Global Solutions Ltd
11/05/2022 4:27:03 PM
Key News - Tata Motors Ltd, Tata Steel Ltd, Godawari Power and Ispat Ltd, Shipping Corporation of India Ltd, Orient Cement Ltd By ARETE Securities Key News Tata Motors posts Rs 1,451-cr loss in Q3 amid chip shortage Homegrown auto major Tata Motors on Monday reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm Jaguar Land Rover (JLR). The company had posted a consolidated net profit of Rs 2,941.48 crore in the same period last fiscal. Its consolidated revenue from operations stood at Rs 72,229.29 crore in the thi...
Key News - Tata Motors Ltd, Tata Steel Ltd, Godawari Power and Ispat Ltd, Shipping Corporation of India Ltd, Orient Cement Ltd By ARETE Securities
Key News - Tata Motors Ltd, Tata Steel Ltd, Godawari Power and Ispat Ltd, Shipping Corporation of India Ltd, Orient Cement Ltd By ARETE Securities
Source: ARETE Securities Ltd
1/02/2022 9:02:46 AM
Add Orient Cement Ltd For Target Rs.177 - ICICI Securities Profitability hinges on price hike Orient Cement’s (ORCMNT) Q2FY22 EBITDA at Rs1.3bn (up 18% YoY) was broadly in line with consensus estimates. EBITDA/te declined 23.4% QoQ at Rs1,048/te (ISec: Rs1,016/te) primarily due to lower realisation (down 5.5% QoQ). Cost/te increased by 1.1% QoQ (up 5.1% YoY) owing to higher input prices. While investor concerns around sharp cost increases seem valid, industry has demonstrated strong pricing resilience in the past. Our recent channel checks s...
Add Orient Cement Ltd For Target Rs.177 - ICICI Securities
Add Orient Cement Ltd For Target Rs.177 - ICICI Securities
Source: ICICI Securities
25/11/2021 11:01:39 AM
MTF Positional Pick - Buy Orient Cement Ltd For Target Rs.214 - HDFC Securities MTF Positional Pick - Buy Orient Cement Ltd For Target Rs. 214 - HDFC Securities * Descending Triangle Breakout is seen on the daily chart * Price breakout is accompanied with jump in volumes * Primary trend of the stock has been bullish with higher tops and higher bottoms * Daily RSI has registered trend breakout on the daily chart * Daily MACD is sustaining above equilibrium and signal line. MACD trend breakout is also seen on the daily...
MTF Positional Pick - Buy Orient Cement Ltd For Target Rs.214 - HDFC Securities
MTF Positional Pick - Buy Orient Cement Ltd For Target Rs.214 - HDFC Securities
Source: HDFC Securities Ltd
3/11/2021 12:35:30 PM
Buy Orient Cement Ltd For Target Rs.250 - ICICI Direct Healthy margins maintained… About the stock: Orient Cement is a mid-sized (8.0 MT) cost-efficient player in cement space. Its cement plants are in Devapur, Telangana (3 MT integrated), Chittapur, Karnataka (3 MT integrated), Jalgaon, Maharashtra (2 MT grinding unit). * The company derives revenues largely from Maharashtra (50%), Telangana, Karnataka and MP markets. * It also has 101 MW power plant (95 MW CPP, 6 MW WHRS) that makes it selfsufficient in terms of power requiremen...
Buy Orient Cement Ltd For Target Rs.250 - ICICI Direct
Buy Orient Cement Ltd For Target Rs.250 - ICICI Direct
Source: ICICI Direct
13/09/2021 9:22:16 AM
Add Orient Cement Ltd For Target Rs.138 - ICICI Securities Strong show; balance sheet strengthened Orient Cement’s (ORCMNT) Q4FY21 EBITDA at Rs2.0bn (+62% YoY) was ahead of our/consensus estimates, on account of higher realisation and lower costs. Realisation increased 8% YoY/1% QoQ also aided by higher contribution from premium products, while total cost/te was +1% YoY/-1% QoQ at Rs3,400/te due to low-cost fuel inventory, improved efficiencies and higher use of alternate fuels. ORCMNT plans to complete 0.5mnte debottlenecking project by ...
Add Orient Cement Ltd For Target Rs.138 - ICICI Securities
Add Orient Cement Ltd For Target Rs.138 - ICICI Securities
Source: ICICI Securities Ltd
11/06/2021 10:47:07 AM
Buy Orient Cement Ltd For Target Rs. 170 - ICICI Direct Strong show in Q4, focus now on debt reduction… The company’s stellar performance in Q4FY21 was backed by 17.1% YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5% YoY) in the company’s key operating regions. Asset utilisation also remained healthy @ 93%. In turn, this provided operating leverage benefit leading to sharp margin expansion and robust profitability growth. EBITDA margin improved 530 bps YoY, 174 bps QoQ to 24.4%. The resultant EBITDA...
Buy Orient Cement Ltd For Target Rs. 170 - ICICI Direct
Buy Orient Cement Ltd For Target Rs. 170 - ICICI Direct
Source: ICICI Direct
7/06/2021 10:36:31 AM
Orient Cement Q4 net profit zooms 126.64% at Rs 99.88 cr The company reported standalone net profit of Rs 99.88 crore for the quarter ended March 31, 2021 as compared to Rs 44.07 crore in the same period last year, registering a year-on-year growth of 126.64 per cent. Net revenue of the company rose substantially by 27.06 per cent at Rs 831.62 crore in January-March quarter of this fiscal as against Rs 654.52 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 18.73 per cent to Rs 629.08 cro...
Orient Cement Q4 net profit zooms 126.64% at Rs 99.88 cr
Orient Cement Q4 net profit zooms 126.64% at Rs 99.88 cr
Source: Dion Global Solutions Ltd
18/05/2021 10:33:26 AM
Key News - Colgate-Palmolive Ltd, Bharti Airtel Ltd, Orient Cement Ltd, Gland Pharma Ltd, Federal Bank, Tata Motors Ltd by ARETE Securities Key News Colgate-Palmolive India Q4 net profit jumps 54% to Rs 314.6 crore Consumer goods major Colgate-Palmolive India on Monday reported a 54.1 per cent increase in its net profit to Rs 314.6 crore in Q4 versus a year ago, helped by a low base and all-round growth across categories. Its net sales were up 20.2 per cent YoY to Rs 1,275.01 crore in Q4, versus Rs 1,062.35 crore in the year-ago period. Ram Raghavan, managing director at ColgatePalmolive (India), said the company continued ...
Key News - Colgate-Palmolive Ltd, Bharti Airtel Ltd, Orient Cement Ltd, Gland Pharma Ltd, Federal Bank, Tata Motors Ltd by ARETE Securities
Key News - Colgate-Palmolive Ltd, Bharti Airtel Ltd, Orient Cement Ltd, Gland Pharma Ltd, Federal Bank, Tata Motors Ltd by ARETE Securities
Source: ARETE Securities Ltd
18/05/2021 9:10:59 AM
Buy Orient Cement Ltd For Target Rs.117 - HDFC Securities Strong in-line performance Orient Cement (ORCMNT) reported a solid 3QFY21 (in line with our estimates). Strong pricing and fuel mix optimisation more than offset impact of sales loss, mainly in Telangana. Thus, revenue/EBITDA grew 7/149% YoY to Rs 6.05/1.37 bn. Lower depreciation further boosted APAT to Rs 539mn vs net loss of Rs 57mn YoY. We continue to like ORCMNT for its efficient opex and balance sheet focus. We maintain our BUY rating on the stock with an unchanged target price of Rs ...
Buy Orient Cement Ltd For Target Rs.117 - HDFC Securities
Buy Orient Cement Ltd For Target Rs.117 - HDFC Securities
Source: HDFC Securities Ltd
9/02/2021 11:14:54 AM