Oricon Enterprises Ltd

₹ 27.7 -2.98%

21 Nov 4:00 p.m.

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 ₹ 86.8
Dividend Yield 1.81 %
ROCE -1.31 %
ROE 1.32 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.32 times its book value
Company has been maintaining a healthy dividend payout of 30.4%
Debtor days have improved from 159 to 91.8 days.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -33.4% over past five years.
Company has a low return on equity of -0.14% over last 3 years.
Earnings include an other income of Rs.195 Cr.
Company's cost of borrowing seems high
Working capital days have increased from 694 days to 1,283 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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	134	146	190	114	125	18	139	29	65	31	32	42
	114	123	134	169	107	126	30	125	36	73	41	40	50
Operating Profit	-7	11	12	21	8	-1	-12	15	-7	-8	-9	-8	-7
OPM %	-7%	8%	8%	11%	7%	-1%	-67%	10%	-23%	-12%	-30%	-26%	-17%
	-4	3	9	6	8	3	16	7	18	11	21	20	143
Interest	3	3	3	2	1	2	2	2	2	3	3	4	2
Depreciation	8	8	7	8	8	8	2	9	2	2	3	2	3
Profit before tax	-23	3	10	17	7	-8	-1	11	7	-1	6	6	130
Tax %	9%	84%	9%	14%	34%	-13%	-507%	23%	-6%	-257%	-110%	-23%	1%
	-25	0	9	15	4	-7	2	9	7	1	13	7	129
EPS in Rs	-0.83	0.13	0.57	0.96	0.27	-0.44	0.15	0.55	0.45	0.07	0.85	0.47	8.19
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	992	887	1,048	1,165	1,167	1,014	1,119	890	437	504	146	146	170
	862	787	956	1,079	1,058	941	1,014	793	420	478	179	178	203
Operating Profit	130	100	92	86	110	73	106	96	16	26	-33	-32	-33
OPM %	13%	11%	9%	7%	9%	7%	9%	11%	4%	5%	-23%	-22%	-19%
	25	26	90	47	55	49	37	35	25	142	56	69	195
Interest	16	16	16	28	22	18	18	17	14	13	7	10	12
Depreciation	37	40	38	56	66	72	75	90	33	32	8	8	9
Profit before tax	102	70	129	49	75	32	49	24	-6	123	8	19	142
Tax %	32%	38%	34%	34%	34%	30%	18%	-6%	27%	7%	-93%	-56%
	69	43	85	32	50	22	40	26	-7	114	15	30	150
EPS in Rs	3.39	2.12	2.75	1.19	2.40	1.14	2.31	1.44	-0.12	8.14	0.95	1.91	9.58
Dividend Payout %	13%	21%	16%	42%	0%	44%	22%	56%	-401%	12%	53%	26%

Compounded Sales Growth
10 Years:	-17%
5 Years:	-33%
3 Years:	-31%
TTM:	-45%

Compounded Profit Growth
10 Years:	-4%
5 Years:	-17%
3 Years:	68%
TTM:	72%

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

Return on Equity
10 Years:	2%
5 Years:	0%
3 Years:	0%
Last Year:	1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	546	565	600	612	865	821	846	834	892	1,120	1,002	1,144	1,332
	196	209	368	401	675	542	491	267	232	167	89	113	17
	372	381	517	486	394	384	418	367	309	215	113	148	90
Total Liabilities	1,135	1,175	1,516	1,531	1,966	1,779	1,787	1,500	1,464	1,535	1,234	1,436	1,471
	543	537	726	860	836	752	776	756	716	541	551	338	343
CWIP	2	18	39	33	10	15	14	29	22	20	23	16	16
Investments	74	141	181	195	349	281	329	188	286	505	232	395	782
	516	479	571	443	771	732	668	528	440	469	429	687	329
Total Assets	1,135	1,175	1,516	1,531	1,966	1,779	1,787	1,500	1,464	1,535	1,234	1,436	1,471

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	76	90	139	248	-35	102	159	272	83	34	25	58
	-72	-94	-224	-213	-200	59	-86	8	-53	118	74	-69
	14	-19	78	-38	267	-160	-91	-276	-15	-176	-91	1
Net Cash Flow	18	-23	-7	-3	32	1	-18	4	15	-24	7	-10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	51	55	74	57	63	73	95	75	122	96	289	92
Inventory Days	58	63	112	77	277	377	172	142	209	130	539	137
Days Payable	72	75	101	61	59	98	78	103	116	85	277	53
Cash Conversion Cycle	38	43	86	73	280	353	189	114	215	141	551	176
Working Capital Days	38	38	85	17	143	162	118	94	185	148	651	1,283
ROCE %	13%	9%	8%	5%	6%	3%	4%	3%	0%	1%	-2%	-1%

Shareholding Pattern

Numbers in percentages

2 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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