Company Valuation: Orient Cement Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 29,153 22,525 40,113 69,727 25,249 23,815 - -
Change - -22.73% 78.08% 73.83% -63.79% -5.68% - -
Enterprise Value (EV) 1 30,195 25,739 40,638 69,387 25,249 28,815 35,015 40,315
Change - -14.76% 57.89% 70.74% -63.61% 14.12% 21.52% 15.14%
P/E 11.1x 18.4x 23x 76.4x - 9.13x 8.4x 7.48x
PBR 1.91x 1.4x 2.3x 3.86x 1.18x 1x 0.91x 0.83x
PEG - -0.3x 0.5x -1.6x - - 0.97x 0.6x
Capitalization / Revenue 1.07x 0.77x 1.26x 2.57x 0.9x 0.94x 0.82x 0.79x
EV / Revenue 1.11x 0.88x 1.28x 2.56x 0.9x 1.13x 1.21x 1.34x
EV / EBITDA 5.11x 7.06x 9.05x 23x 4.63x 5.46x 5.44x 5.79x
EV / EBIT 6.77x 11.8x 13.5x 46.8x - 8.64x 8.71x 8.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.5 1.5 2.25 0.5 0.5 1.9 2.1 2.3
Rate of return 1.76% 1.36% 1.15% 0.15% 0.41% 1.64% 1.81% 1.98%
EPS 2 12.85 5.99 8.53 4.45 - 12.7 13.8 15.5
Distribution rate 19.5% 25% 26.4% 11.2% - 15% 15.2% 14.8%
Net sales 1 27,254 29,375 31,851 27,088 27,931 25,468 29,048 30,052
EBITDA 1 5,911 3,645 4,492 3,013 5,454 5,276 6,438 6,967
EBIT 1 4,459 2,177 3,001 1,483 - 3,335 4,018 4,800
Net income 1 2,633 1,228 1,749 912.5 - 2,608 2,826 3,171
Net Debt 1 1,042 3,213 524.8 -339.8 - 5,000 11,200 16,500
Reference price 2 142.30 109.95 195.80 339.95 122.89 115.91 115.91 115.91
Nbr of stocks (in thousands) 204,869 204,869 204,869 205,110 205,460 205,460 - -
Announcement Date 5/11/22 4/28/23 5/1/24 4/13/25 4/28/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.4x1.73x8.33x1.9% 55.09B
18.2x2.51x9.92x2.81% 44.17B
31.69x5.79x17.11x0.72% 34.08B
32.83x3.4x17.44x0.94% 33.61B
27.26x4.32x14.44x0.85% 31.7B
11.26x1.36x6.33x2.73% 28.23B
20.21x6.3x12.42x2.15% 23.32B
70.04x4.37x67.71x0.33% 21.66B
15.41x1.93x7.78x1.42% 20.56B
Average 26.81x 3.52x 17.94x 1.54% 32.49B
Weighted average by Cap. 24.85x 3.33x 15.80x 1.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield