Company Valuation: Orient Ceratech Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 1,370 2,477 3,536 2,728 5,705 3,685
Change - 80.79% 42.77% -22.84% 109.12% -35.41%
Enterprise Value (EV) 1 1,880 2,750 3,890 2,818 6,242 4,348
Change - 46.26% 41.47% -27.55% 121.48% -30.35%
P/E 6.66x 21.8x 51.8x 19.2x 30x 37.1x
PBR 0.59x 1.02x 1.43x 1.05x 2.07x 1.3x
PEG - -0.5x -1.3x 0x 0.9x -0.8x
Capitalization / Revenue 0.4x 0.82x 1.32x 0.9x 1.82x 1.13x
EV / Revenue 0.54x 0.91x 1.46x 0.93x 1.99x 1.33x
EV / EBITDA 4.39x 8.98x 23.9x 10x 18x 14x
EV / EBIT 5.72x 13.9x 75.4x 17.2x 29.4x 26x
EV / FCF 10.5x 13.7x -29x 13.6x -15x -25.1x
FCF Yield 9.53% 7.32% -3.44% 7.35% -6.67% -3.99%
Dividend per Share 2 0.15 0.15 0.15 0.25 0.25 0.25
Rate of return 1.31% 0.72% 0.51% 1.1% 0.52% 0.81%
EPS 2 1.718 0.95 0.57 1.188 1.59 0.8297
Distribution rate 8.73% 15.8% 26.3% 21% 15.7% 30.1%
Net sales 1 3,458 3,022 2,671 3,022 3,134 3,271
EBITDA 1 428.5 306.2 162.8 281.7 347.1 311
EBIT 1 328.8 198.2 51.6 164.2 212.1 167.4
Net income 1 205.6 113.7 68.61 142.1 190.2 99.26
Net Debt 1 510.1 273.1 354.3 89.97 536.5 662.7
Reference price 2 11.45 20.70 29.55 22.80 47.68 30.80
Nbr of stocks (in thousands) 119,639 119,639 119,652 119,659 119,659 119,639
Announcement Date 11/11/20 8/31/21 9/3/22 9/1/23 9/6/24 8/29/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.09x2x9.6x1.55% 66.85B
36.33x3.74x19.13x0.83% 37.42B
31.59x4.96x16.53x0.74% 36.89B
32.33x5.17x15.65x0.63% 32.95B
12.63x1.51x6.96x2.41% 32.62B
17.86x2.34x9.12x1.36% 26.13B
24.36x7.48x15.78x1.72% 26.1B
91.14x4.76x89.84x0.3% 23.68B
11.79x1.24x6.1x0.88% 16.51B
Average 30.57x 3.69x 20.97x 1.16% 33.24B
Weighted average by Cap. 28.75x 3.56x 18.68x 1.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA