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ORIE

Orient AbrasivesNSEI:ORIENTABRA Stock Report

Market Cap

₹3.1b

7D

-1.9%

1Y

29.7%

Updated

27 Nov, 2021

Data

Company Financials
ORIENTABRA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ORIENTABRA Stock Overview

Orient Abrasives Limited produces and trades in aluminum refractories and monolithic products in India.

Price History & Performance

Summary of all time highs, changes and price drops for Orient Abrasives
Historical stock prices
Current Share Price₹25.75
52 Week High₹38.70
52 Week Low₹19.20
Beta0.60
1 Month Change-4.63%
3 Month Change-7.04%
1 Year Change29.72%
3 Year Change-10.44%
5 Year Change-22.79%
Change since IPO50.81%

Recent News & Updates

Jun 07
Does Orient Abrasives (NSE:ORIENTABRA) Have A Healthy Balance Sheet?

Does Orient Abrasives (NSE:ORIENTABRA) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

ORIENTABRAIN Metals and MiningIN Market
7D-1.9%-1.1%-3.3%
1Y29.7%87.5%43.0%

Return vs Industry: ORIENTABRA underperformed the Indian Metals and Mining industry which returned 87.5% over the past year.

Return vs Market: ORIENTABRA underperformed the Indian Market which returned 43% over the past year.

Price Volatility

Is ORIENTABRA's price volatile compared to industry and market?
ORIENTABRA volatility
ORIENTABRA Average Weekly Movement5.3%
Metals and Mining Industry Average Movement6.0%
Market Average Movement6.0%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market3.8%

Stable Share Price: ORIENTABRA is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ORIENTABRA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1971259Manubhai Rathodhttps://www.orientabrasives.com

Orient Abrasives Limited produces and trades in aluminum refractories and monolithic products in India. The company operates through two segments, Alumina Refactories & Monolithics Products & Bauxite Ores; and Power Generation. It offers various aluminous raw materials, including brown fused alumina, white fused alumina, pink fused alumina, white fused mullite, fused zirconia mullite, fused alumina-magnesia spinnel, calcined bauxite, high alumina refractory cement, and calcined bauxite aggregates to the grinding wheel and refractory manufacturers.

Orient Abrasives Fundamentals Summary

How do Orient Abrasives's earnings and revenue compare to its market cap?
ORIENTABRA fundamental statistics
Market Cap₹3.07b
Earnings (TTM)₹105.47m
Revenue (TTM)₹3.19b

29.1x

P/E Ratio

1.0x

P/S Ratio

Is ORIENTABRA overvalued?

See Fair Value and valuation analysis


Dividends

0.6%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Orient Abrasives undervalued compared to its fair value and its price relative to the market?

29.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ORIENTABRA (₹25.75) is trading above our estimate of fair value (₹1.85)

Significantly Below Fair Value: ORIENTABRA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ORIENTABRA is poor value based on its PE Ratio (29.1x) compared to the Indian Metals and Mining industry average (11x).

PE vs Market: ORIENTABRA is poor value based on its PE Ratio (29.1x) compared to the Indian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ORIENTABRA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ORIENTABRA is good value based on its PB Ratio (1.3x) compared to the IN Metals and Mining industry average (1.4x).


Future Growth

How is Orient Abrasives forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-10.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Orient Abrasives has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Orient Abrasives performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORIENTABRA has high quality earnings.

Growing Profit Margin: ORIENTABRA's current net profit margins (3.3%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: ORIENTABRA's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: ORIENTABRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ORIENTABRA had negative earnings growth (-21.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (154%).


Return on Equity

High ROE: ORIENTABRA's Return on Equity (4.3%) is considered low.


Financial Health

How is Orient Abrasives's financial position?


Financial Position Analysis

Short Term Liabilities: ORIENTABRA's short term assets (₹2.1B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: ORIENTABRA's short term assets (₹2.1B) exceed its long term liabilities (₹127.7M).


Debt to Equity History and Analysis

Debt Level: ORIENTABRA's net debt to equity ratio (6.4%) is considered satisfactory.

Reducing Debt: ORIENTABRA's debt to equity ratio has reduced from 17.5% to 11.4% over the past 5 years.

Debt Coverage: ORIENTABRA's debt is well covered by operating cash flow (36.9%).

Interest Coverage: ORIENTABRA's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is Orient Abrasives's current dividend yield, its reliability and sustainability?

0.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ORIENTABRA's dividend (0.58%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: ORIENTABRA's dividend (0.58%) is low compared to the top 25% of dividend payers in the Indian market (1.47%).


Stability and Growth of Payments

Stable Dividend: ORIENTABRA's dividend payments have been volatile in the past 10 years.

Growing Dividend: ORIENTABRA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.8%), ORIENTABRA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Manubhai Rathod (53 yo)

4.42yrs

Tenure

₹4,483,493

Compensation

Mr. Manubhai Rathod has been the Chief Executive Officer and Whole-Time Director of Orient Abrasives Limited since June 15, 2017.


CEO Compensation Analysis

Compensation vs Market: Manubhai's total compensation ($USD59.74K) is above average for companies of similar size in the Indian market ($USD39.78K).

Compensation vs Earnings: Manubhai's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ORIENTABRA's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ORIENTABRA's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Orient Abrasives Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Orient Abrasives Limited
  • Ticker: ORIENTABRA
  • Exchange: NSEI
  • Founded: 1971
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: ₹3.069b
  • Shares outstanding: 119.64m
  • Website: https://www.orientabrasives.com

Number of Employees


Location

  • Orient Abrasives Limited
  • Jeevan Udyog Building
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 12:06
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.