Orient Ceratech Ltd (ORIENTCER) AI Stock Analysis

• Market Cap: ₹5.03B
• Dividend Yield: 0.6%
• Average Volume (3M): 12.50K
• Price to Earnings (P/E): 29.7
• Beta (1Y): 1.54
• Revenue Growth: 13.78%
• EPS Growth: 18.58%
• Country: IN
• Employees: 256
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.63
• Shares Outstanding: 119,639,200
• 10 Day Avg. Volume: 21,284
• 30 Day Avg. Volume: 12,499
• PEG Ratio: -0.81
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 1.18
• P/FCF Ratio: -93.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹45.00 ▲(9.25% Upside)

The score is driven primarily by mixed financial quality: solid growth and equity position are offset by weaker profitability, higher leverage, and negative free cash flow. Technicals are supportive with strong trend signals, but overbought momentum raises near-term risk. Valuation is a headwind due to a high P/E and a low dividend yield.

Positive Factors

Diversified B2B end-markets

Serving multiple high-value industrial end markets with engineered ceramic components creates durable demand diversification. A B2B, contract-anchored model and custom solutions reduce cyclicality, support repeat revenues, and enable cross-market R&D synergies that sustain growth over months.

Consistent revenue growth and gross margin improvement

Sustained revenue growth coupled with improving gross margin signals structural gains in pricing and cost control. This enhances the company's ability to invest in product development and capacity, supporting medium-term revenue durability and competitiveness across its specialty-ceramics niche.

Strong equity base and positive ROE

A strong equity ratio and positive ROE provide a financial buffer against downturns and reduce solvency risk. This capital structure supports strategic investments, funds R&D and capex internally where needed, and improves resilience to industry cycles over the coming quarters.

Negative Factors

Declining net and EBITDA margins

Falling net and EBITDA margins indicate rising cost pressures or weakening pricing power. Persistent margin erosion will impair free cash generation and return on capital, forcing tougher capital allocation choices and potentially constraining reinvestment and competitive positioning over the medium term.

Rising leverage

An increasing debt-to-equity ratio raises refinancing and interest-rate risk and limits financial flexibility. Higher leverage can restrict capacity for strategic capex or acquisitions and amplify downside in cyclical end markets, posing a durable headwind if operating cash flow does not strengthen.

Negative free cash flow

Negative free cash flow despite improved operating cash flow suggests substantial capex or working-capital demands. Persistent FCF deficits require external financing or asset sales, reducing ability to de-lever, pay dividends, or fund growth organically over the next several quarters.

Orient Ceratech Ltd Business Overview & Revenue Model

Company Description

Orient Ceratech Ltd (ORIENTCER) is a leading manufacturer and supplier in the advanced ceramics sector, specializing in high-performance ceramic materials and components for various industries including electronics, aerospace, automotive, and medical devices. The company focuses on innovation and quality, offering a range of products such as ceramic substrates, insulators, and custom-engineered solutions that cater to the specific needs of its clients.

How the Company Makes Money

Orient Ceratech Ltd generates revenue primarily through the sale of its advanced ceramic products to a diverse clientele in multiple sectors. The company operates on a B2B model, establishing long-term contracts and partnerships with manufacturers and suppliers in its target industries. Key revenue streams include direct sales of ceramic components, customized solutions designed for specific applications, and ongoing service contracts for maintenance and support. Additionally, ORIENTCER may benefit from strategic collaborations with research institutions and technology companies, enhancing its product offerings and market reach, which in turn contributes to its earnings.

Orient Ceratech Ltd Financial Statement Overview

Summary

Revenue growth and improving gross margin are positives, but declining net/EBITDA margins, rising leverage (higher debt-to-equity), and negative free cash flow reduce overall financial strength.

Income Statement

Orient Ceratech Ltd has demonstrated consistent revenue growth over the years, with a notable increase from 2024 to 2025. The gross profit margin has improved, indicating better cost management. However, the net profit margin has decreased due to a significant drop in net income, suggesting potential challenges in controlling expenses or other operational inefficiencies. The EBIT and EBITDA margins have also declined, reflecting pressure on operational profitability.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating a higher reliance on debt financing, which could pose a risk if not managed carefully. However, the return on equity remains positive, showcasing the company's ability to generate returns for shareholders. The equity ratio is strong, suggesting a stable financial structure with a significant portion of assets financed by equity.

Cash Flow

The cash flow situation presents mixed signals. While operating cash flow has improved significantly in 2025, the free cash flow remains negative, indicating challenges in generating surplus cash after capital expenditures. The operating cash flow to net income ratio is positive, but the free cash flow to net income ratio is concerning, highlighting potential liquidity issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.24B	3.12B	3.01B	2.66B
Gross Profit	1.14B	1.01B	845.83M	713.33M
EBITDA	339.81M	405.95M	333.05M	223.81M
Net Income	99.26M	190.18M	142.13M	68.61M
Balance Sheet
Total Assets	4.18B	4.06B	3.27B	3.41B
Cash, Cash Equivalents and Short-Term Investments	52.42M	39.77M	56.68M	32.35M
Total Debt	715.16M	576.23M	146.65M	377.34M
Total Liabilities	1.35B	1.31B	664.73M	933.15M
Stockholders Equity	2.83B	2.76B	2.60B	2.48B
Cash Flow
Free Cash Flow	-40.96M	-419.92M	279.65M	-72.57M
Operating Cash Flow	210.55M	-145.02M	437.63M	318.57M
Investing Cash Flow	-235.54M	-238.75M	-129.66M	-341.55M
Financing Cash Flow	37.53M	366.85M	-283.64M	21.10M

Orient Ceratech Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 41.19
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ORIENTCER, the sentiment is Positive. The current price of 41.19 is below the 20-day moving average (MA) of 44.91, below the 50-day MA of 43.96, and above the 200-day MA of 39.21, indicating a neutral trend. The MACD of -1.03 indicates Positive momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 34.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ORIENTCER.

Orient Ceratech Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OCCL	72 Outperform	₹1.17B	10.94	―	10.99%	-76.65%	-76.77%
NIRAJ	70 Outperform	₹1.93B	9.05	―	―	14.89%	7.47%
ORIENTCER	65 Neutral	₹5.03B	29.67	―	0.60%	13.78%	18.58%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KESORAMIND	60 Neutral	₹2.96B	0.05	―	―	-91.62%	―
MURUDCERA	56 Neutral	₹2.00B	19.88	―	1.44%	10.18%	28.03%
REGENCERAM	49 Neutral	₹1.17B	80.96	―	―	574.56%	―