Oricon Enterprises Ltd

₹ 27.7 -3.42%

21 Nov - close price

oriconenterprises.com BSE: 513121 NSE: ORICONENT

About

Incorporated in 1968, Oricon Enterprises
Ltd manufactures petrochemical products, trading, liquid colorants and real estate, preform, metal and plastic closures^[1]

Key Points

Business Overview:^[1]^[2]
OEL is the flagship company of Parijat Enterprises. It is currently in Real Estate, Marine Logistics, Packaging and Petrochemicals. It is in the business of manufacturing, trading and sale of Plastic Closures and Preforms. It has 100% ownership in United Shippers Limited.

Website BSE NSE

Market Cap ₹ 437 Cr.
Current Price ₹ 27.7
High / Low ₹ 49.3 / 26.8
Stock P/E
Book Value ₹ 74.5
Dividend Yield 1.81 %
ROCE -1.83 %
ROE 0.62 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.37 times its book value
Company has been maintaining a healthy dividend payout of 39.6%
Debtor days have improved from 199 to 134 days.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -31.1% over past five years.
Company has a low return on equity of 1.36% over last 3 years.
Company's cost of borrowing seems high
Working capital days have increased from 949 days to 1,875 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	107	132	146	184	114	99	18	139	27	22	30	29	41
	103	119	133	161	104	96	26	123	33	28	38	35	47
Operating Profit	4	13	13	24	10	3	-8	16	-6	-7	-8	-5	-5
OPM %	4%	10%	9%	13%	9%	3%	-47%	12%	-21%	-32%	-27%	-18%	-13%
	23	4	5	4	4	2	14	4	11	4	16	16	139
Interest	3	3	3	2	2	3	3	3	4	4	4	5	3
Depreciation	8	8	7	7	7	7	1	8	1	1	1	1	2
Profit before tax	17	6	7	18	5	-5	1	8	0	-8	3	4	128
Tax %	14%	18%	24%	18%	41%	-18%	-305%	23%	-421%	-41%	-215%	-35%	0%
	14	5	6	15	3	-4	4	6	2	-5	8	6	128
EPS in Rs	0.91	0.32	0.35	0.95	0.20	-0.25	0.28	0.40	0.11	-0.29	0.53	0.37	8.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	62	71	65	58	38	541	631	579	378	504	114	98	122
	63	71	68	61	47	529	575	524	352	464	134	125	148
Operating Profit	-1	-0	-3	-4	-9	12	56	55	25	40	-20	-27	-26
OPM %	-2%	-0%	-5%	-7%	-23%	2%	9%	9%	7%	8%	-17%	-27%	-21%
	23	18	19	31	25	46	25	34	28	168	48	47	175
Interest	5	4	5	10	5	12	11	12	13	12	11	15	16
Depreciation	2	2	2	1	1	28	28	38	31	32	5	5	6
Profit before tax	16	12	8	17	11	19	43	39	10	165	12	-1	127
Tax %	19%	29%	21%	4%	26%	17%	25%	13%	6%	5%	-55%	-2,216%
	13	9	7	16	8	15	32	34	9	157	19	12	137
EPS in Rs	1.24	0.84	0.42	1.01	0.51	0.98	2.05	2.17	0.57	9.99	1.18	0.75	8.73
Dividend Payout %	0%	53%	104%	50%	90%	51%	24%	37%	88%	10%	42%	66%

Compounded Sales Growth
10 Years:	3%
5 Years:	-31%
3 Years:	-36%
TTM:	-57%

Compounded Profit Growth
10 Years:	-4%
5 Years:	-29%
3 Years:	44%
TTM:	-12%

Stock Price CAGR
10 Years:	-4%
5 Years:	9%
3 Years:	-4%
1 Year:	-14%

Return on Equity
10 Years:	2%
5 Years:	1%
3 Years:	1%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	21	21	31	31	31	31	31	31	31	31	31	31	31
Reserves	445	448	445	455	632	648	663	667	724	979	886	972	1,139
	44	47	98	102	335	420	341	193	178	128	169	198	17
	35	24	29	16	61	150	184	137	111	121	116	146	81
Total Liabilities	543	539	603	604	1,059	1,249	1,220	1,029	1,045	1,259	1,203	1,348	1,268
	16	16	14	11	222	393	441	432	422	432	449	239	245
CWIP	0	0	0	0	0	4	0	7	2	5	8	0	0
Investments	392	392	499	500	434	238	222	212	266	378	319	426	711
	136	131	90	93	403	614	557	377	355	444	427	683	311
Total Assets	543	539	603	604	1,059	1,249	1,220	1,029	1,045	1,259	1,203	1,348	1,268

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	7	2	46	3	-94	56	99	224	40	37	75	23
	10	8	-101	17	-71	23	-6	-32	-11	33	-90	-34
	-17	-10	55	-20	169	-90	-109	-216	20	-76	24	2
Net Cash Flow	1	-1	0	-0	5	-11	-16	-24	49	-6	10	-9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	119	72	123	137	55	81	131	82	115	93	370	134
Inventory Days	33	31	21	13	3,388	377	171	139	207	132	548	264
Days Payable	72	19	39	26	18	59	43	55	81	61	278	95
Cash Conversion Cycle	80	85	105	124	3,426	398	259	165	241	164	640	302
Working Capital Days	227	189	143	146	2,658	277	195	131	196	155	818	1,875
ROCE %	4%	3%	2%	4%	1%	3%	5%	5%	1%	3%	-2%	-2%

Shareholding Pattern

Numbers in percentages

4 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	66.83%	66.92%	66.92%	66.92%	66.97%	66.97%	66.97%	66.96%	66.96%	66.96%	66.96%	66.96%
	4.19%	3.84%	3.57%	0.01%	0.07%	0.12%	0.02%	0.03%	0.00%	0.01%	0.03%	0.07%
	1.60%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%
	27.38%	27.65%	27.92%	31.47%	31.37%	31.32%	31.41%	31.41%	31.44%	31.43%	31.42%	31.38%
No. of Shareholders	24,638	26,445	26,597	27,221	27,382	28,012	28,124	28,680	31,660	37,618	46,271	50,319

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	66.22%	65.04%	66.32%	66.32%	66.32%	66.92%	66.97%	66.96%	66.96%
	6.61%	5.71%	5.84%	5.84%	5.71%	3.84%	0.12%	0.01%	0.07%
	1.70%	1.74%	1.60%	1.60%	1.59%	1.59%	1.59%	1.59%	1.59%
	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	25.47%	27.37%	26.24%	26.25%	26.38%	27.65%	31.32%	31.43%	31.38%
No. of Shareholders	17,127	25,546	24,203	22,452	24,298	26,445	28,012	37,618	50,319

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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