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Oriental Carbon & Chemicals Ltd share Price Today

Company details

716.25
790.00
645.25
938.85
6M Return -1.21%
1Y Return 3.09%
Mkt Cap.(Cr) 776.67
Volume 95,627
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 95,627

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Financial Highlight

  • Total Income up by 45% YoY at Rs. 187 crores
  • EBITDA up by 11% at Rs. 47 crores
  • Profit After Tax up by 15% at Rs. 25 crores
  • Declared Interim Dividend of Rs. 7 per equity share of Face Value of Rs.10 each

Commenting on the results, Mr. Arvind Goenka, Promoter and Managing Director said  "We have reported total income of Rs.187.3 crores in the first half of the current fiscal with EBITDA and PAT of Rs.47.2 and Rs. 25.1 respectively. This was on the back of revival in demand post the second wave of the pandemic, normalization of replacement and OEM demand in domestic and international markets, improvement in economic activities with significant decline in covid cases and increase in vaccination rate.

Sharp increase in raw material costs and freight costs has resulted in lower margins and impacted overall profitability with the time lag in raising the finished product prices. We continue to be focused on improving operational efficiencies and are continuously taking steps towards controlling costs.

The business environment is stable except for South Asian markets which is still affected by Covid. Operations at both our plants are running smoothly. The Company is in the process of starting trial runs of its upcoming Insoluble Sulphur plant at Dharuhera and we expect to commission the project in November 2021.

In order to reward the shareholders for their continuous support, the Board of Directors have recommended an Interim Dividend of Rs. 7 per equity share of FV of Rs. 10 each.

The Indian Tyre market is witnessing capacity expansions undertaken by tyre manufacturers and new products have been introduced over past few months. Indian Tyre market offtake appears to be optimistic. With increasing radialization in LCV and TBR tyre consumers, on account of superior mileage and fuel efficiency will drive large consumption of insoluble sulphur. We expect this momentum to sustain going ahead led by the normalization of operations in most markets and the upcoming festive season in India.

With the completion of our capacity expansion, we are optimistic of gaining new orders on back of our long standing relationship with our customers. We are on a strong footing to deliver sustainable and profitable longterm growth with our dominant position in the industry, being the only domestic player producing IS with domestic market share of -60% and -10% global market share, and a marquee customer base of 40 tyre OEMS"

Result PDF

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Oriental Carbon & Chemicals Ltd shares SWOT Analysis

Strengths (5)

  • MACD Crossover Above Signal Line
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (1)

  • Degrowth in Revenue and Profit

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 806.2
R2 835.0
R3 880.0
Pivot

761.23

S1 732.5
S2 687.5
S3 658.7
EMA SMA
735.2
740.1
754.2
769.6
738.3
727.2
768.7
786.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SEETHA KUMARI Bulk Purchase 2023-05-24 719.49 52649 NSE
ESVEE CAPITAL Bulk Sell 2023-05-24 716.69 60415 NSE
ORIENTAL CARBON AND CHEMICALS LIMITED Bulk Purchase 2019-02-11 1149 123000 NSE
Name Category Shares
Aparna Goenka PROMOTER 2%
Arvind Goenka PROMOTER 1.08%
Akshat Goenka PROMOTER 1%
Cosmopolitan Investments Limited PROMOTER 25.59%
New India Investment Corporation Limited PROMOTER 12.13%
Duncan International (India) Limited PROMOTER 9.96%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Oriental Carbon & Chemicals Ltd Stocks COMPARISON

Financials( in Cr) Oriental Carbon & Chemicals Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 777.45 3,010.95 9,283.55 2,293.95 3,158.90
% Change 7.04 -0.14 -4.21 0.37 -0.78
Mcap Cr 776.67 153,139.63 79,173.83 67,998.41 34,700.52
Revenue TTM Cr 535.86 11,799.10 3,135.52 14,870.25 5,684.66
Net Profit TTM Cr 53.59 1,288.87 538.06 2,162.34 1,323.05
PE TTM 16.79 85.92 185.00 50.91 79.81
1 Year Return 3.09 18.77 138.55 -6.70 -4.78
ROCE 9.32 24.24 16.29 21.98 29.38
ROE 7.60 18.93 14.70 22.89 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 602.33 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80
Board of Oriental Carbon & Chemicals recommends final dividend

May 22, 2024 l BSE Announcement

Oriental Carbon & Chemicals Limited - Dividend

May 22, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

May 22, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Nov 07, 2023 Dividend 70
Jul 20, 2023 Dividend 70
Nov 17, 2022 Dividend 70

Oriental Carbon & Chemicals Ltd Information

Stock PE (TTM)
16.79
Promoter Holding
51.76%
Book Value
637.9522
ROCE
9.32%
ROE
7.6%
Description
  • Oriental Carbon & Chemicals Limited (OCCL) was formerly incorporated as `Dharuhera Chemicals Limited` on June 19, 1978 to manufacture sulphuric acid. The Company`s core business is manufacturing and sales of Insoluble Sulphur. The Company is a global supplier of Insoluble Sulphur of which about two-third of the turnover is from Exports. It has 2 manufacturing facilities, one in Haryana and other one in Gujarat. The Company acquired its present name after the amalgamation of Oriental Carbon with itself in 1984. It acquired the Carbon Black Division as a result in amalgamation. It has 3 divisions comprising of carbon black, insoluble sulphur and chemicals & fertilisers. Carbon black is a vital raw material for the tyre industry, besides being used in paints and rubber products. All the tyre companies in the country buy carbon black from OCCL. The chemicals & fertilisers division manufactures sulphuric acid, oleum single super phosphate (SSP), sodium silico fluoride and stabilised liquid sulphur. Sulphuric acid is captively consumed to manufacture oleums and SSP. Oleum is used in soaps, detergents, insectides, etc. SSP, a phosphatic fertiliser, is also exported to Bangladesh. Insoluble sulphur, produced by the company since 1994, is a vulcanising agent used in the tyre/rubber processing industries. An import-substitute, its quality matches international standards, with technology provided by Sanshin Chemical Industry Co, Japan. In marketing insoluble sulphur, OCCL enjoys the synergy of its major product, carbon black, by way of its long - standing relations with customers in the tyre industry. The Carbon Black Unit and the Insoluble Sulphur Unit have secured the ISO 9002 Certification of Quality during the year 1996. The Company embarked on a greenfield expansion for 11,000 MTPA of Insoluble Sulphur at the Mundra plant in 2009. In August 2011, the Company commissioned the first phase of Insoluble Sulphur capacity of the Mundra plant with the capacity of 5,500 MTPA. In 2012, it acquired 50% equity shares of Schrader Duncan Ltd. and commissioned second phase Insoluble Sulphur of the Mundra plant for 5,500 MTPA in May, 2012. It commissioned an additional line 11,000 MTPA capacity of insoluble sulphur at Mundra SEZ in December 2016. The first phase of 5500 MTPA of Insoluble Sulphur capacity at Mundra, Gujarat was completed and resumed commercial production on 20th December, 2016. The second phase of 5500 MTPA expansion of Insoluble Sulphur at Mundra, Gujarat was commissioned in July 2018. The Phase-1 for 5500 MTPA of Insoluble Sulphur expansion project at Dharuhera, Haryana was commissioned in December, 2021. The Company incorporated a wholly owned subsidiary, OCCL Limited on April 25, 2022 to carry on the business and manufacturing sale and purchases of all types of chemical products. The Board of Directors at their meeting held on May 24, 2022 approved a Scheme of Arrangement between Oriental Carbon & Chemicals Limited and OCCL Limited (a Wholly Owned Subsidiary of the Company) that the Company`s Chemicals Business will be demerged to OCCL Limited and the Company continue with its investment business, subsidiary and other assets. The Scheme, upon becoming effective, will result in creation of two separate robust entities focusing exclusively on Chemical business and investment, trading business such as commodity trading.

Registered Address

Duncan House, 31 Netaji Subhas Road, Kolkata, West Bengal, 700001

Tel : 91-033-22306831
Email : pranab:occlindia.com; occl:cal2.vsnl.net.in; occlk
Website : http://www.occlindia.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 506579
NSE Code : OCCL
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE321D01016

FAQ’s on Oriental Carbon & Chemicals Ltd Shares

You can buy Oriental Carbon & Chemicals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Oriental Carbon & Chemicals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:59 PM the closing price of Oriental Carbon & Chemicals Ltd was Rs.777.45.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 03:59 PM, the market cap of Oriental Carbon & Chemicals Ltd stood at Rs. 776.67.

The latest PE ratio of Oriental Carbon & Chemicals Ltd as of May 22, 2024 03:59 PM is 16.79

The latest PB ratio of Oriental Carbon & Chemicals Ltd as of May 22, 2024 03:59 PM is 0.82

The 52-week high of Oriental Carbon & Chemicals Ltd share price is Rs. 938.85 while the 52-week low is Rs. 645.25

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