Oriental Carbon - Limited Long Term Growth Prospects Mar Visibility: ICICI Direct

A laboratory technician holds a glass flask of gasoline during distillation testing in the control laboratory. (Photographer: Andrey Rudakov/Bloomberg)

Oriental Carbon - Limited Long Term Growth Prospects Mar Visibility: ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Oriental Carbon and Chemicals Ltd. reported a healthy performance in Q4 FY21.

Net sales in Q4 FY21 came in at Rs 104 crore, almost flat QoQ while up 22% YoY, amid healthy volume reported by key tyre players domestically.

Ebitda in Q4FY21 was at Rs 36 crore with corresponding Ebitda margins at 34.7%, down 260 basis points QoQ but near its normalised range.

Ensuing profit after tax in Q4 FY21 was at Rs 25 crore, down 13% QoQ.

The company also declared a final dividend of Rs 10/share with total dividend for FY21 at Rs 14/share.

Click on the attachment to read the full report:

ICICI Direct Oriental Carbon Company Update.pdf


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