Oriental Aromatics

₹353.4 3.8 | 1.1%

WEBSITE BSE:500078 NSE : OAL 10 May, 16:01

Market Cap ₹1189 Cr.

Stock P/E 6604.7

P/B 1.9

Current Price ₹353.4

Book Value ₹ 184.9

Face Value 5

52W High ₹503.2

Dividend Yield 0.14%

52W Low ₹ 296.7

Edit Ratio

Oriental Aromatics Research see more...

Overview Inc. Year: 1972Industry: Chemicals

Oriental Aromatics Ltd, formerly known as Camphor & Allied Products Ltd, is engaged in the commercial enterprise of manufacture of fine chemicals. The Company's important services and products consist of Perfumery Chemicals, and Camphor & Isoborneol. The Company operates in two geographical segments, which consists of Domestic and Export. The Company is engaged inside the manufacturing and selling of camphor, terpineols, resins, fragrant and terpene chemical substances, fragrance chemicals and chemical intermediaries. The Company offers a variety of products, which include artificial camphor, terpineols, pine oils, resins, astromusk, perfumery chemical compounds and distinctiveness chemicals. The Company serves diverse industries, such as flavours and fragrances; prescribed drugs; soaps and cosmetics; rubber and tire, and paints and varnishes. The Company operates from its plants, which are at Clutterbuckganj, Bareilly in Uttar Pradesh and Nandesari, Vadodara in Gujarat.

Oriental Aromatics Share Price

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Peer Comparison

Oriental Aromatics Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	230	206	203	234	221	199	195	196	227	197
Other Income	2	0	2	2	2	1	1	1	3	2
Total Income	232	206	205	236	223	200	196	196	230	200
Total Expenditure	211	190	181	217	206	185	186	195	216	183
Operating Profit	22	16	24	18	17	15	10	1	14	16
Interest	1	1	3	2	3	4	3	5	5	7
Depreciation	4	4	5	5	5	5	5	5	5	5
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	17	11	17	11	9	6	2	-8	3	4
Provision for Tax	5	3	7	3	2	2	1	-2	1	2
Profit After Tax	12	8	10	8	6	4	1	-6	2	3
Adjustments	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	12	8	10	8	6	4	1	-6	2	3
Adjusted Earnings Per Share	3.6	2.4	3.1	2.5	1.9	1.1	0.4	-1.8	0.7	0.8

Oriental Aromatics Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	458	506	755	760	709	869	849	815
Other Income	8	2	1	7	2	4	6	7
Total Income	466	508	756	767	710	873	855	822
Total Expenditure	401	442	640	633	554	776	795	780
Operating Profit	65	66	116	134	157	97	60	41
Interest	6	8	13	12	2	4	13	20
Depreciation	14	15	18	19	17	17	19	20
Exceptional Income / Expenses	0	0	-2	0	0	0	0	0
Profit Before Tax	44	43	83	103	137	76	27	1
Provision for Tax	16	18	26	17	35	23	8	2
Profit After Tax	28	25	57	86	102	53	20	0
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	28	25	57	86	102	53	20	0
Adjusted Earnings Per Share	13.6	7.4	17	25.6	30.3	15.8	5.9	0.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-2%	4%	11%	0%
Operating Profit CAGR	-38%	-23%	-2%	0%
PAT CAGR	-62%	-39%	-4%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-6%	-26%	9%	19%
ROE Average	3%	11%	14%	12%
ROCE Average	5%	14%	16%	15%

Oriental Aromatics Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	317	338	392	464	557	605	625
Minority's Interest	0	0	0	0	0	0	0
Borrowings	43	21	12	2	0	45	32
Other Non-Current Liabilities	25	28	36	29	29	29	32
Total Current Liabilities	106	186	233	114	158	186	298
Total Liabilities	490	573	673	608	745	865	986
Fixed Assets	211	212	245	236	236	265	273
Other Non-Current Assets	21	44	8	9	31	45	74
Total Current Assets	258	317	421	363	477	555	640
Total Assets	490	573	673	608	745	865	986

Oriental Aromatics Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	5	5	17	15	7
Cash Flow from Operating Activities	16	-23	181	17	-1	-22
Cash Flow from Investing Activities	-31	-12	-10	-35	-59	-46
Cash Flow from Financing Activities	15	36	-159	16	51	78
Net Cash Inflow / Outflow	0	0	12	-2	-9	9
Closing Cash & Cash Equivalent	5	5	17	15	7	16

Oriental Aromatics Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	13.58	7.42	16.98	25.61	30.29	15.84	5.87
CEPS(Rs)	20.54	11.83	22.27	31.26	35.48	20.89	11.64
DPS(Rs)	0.75	1	1	2.5	2.5	1.5	0.5
Book NAV/Share(Rs)	152.53	100.31	116.46	137.92	165.6	179.84	185.7
Core EBITDA Margin(%)	12.42	12.65	15.17	16.64	21.77	10.6	6.34
EBIT Margin(%)	11.01	10.03	12.68	15.04	19.55	9.16	4.75
Pre Tax Margin(%)	9.65	8.49	10.97	13.48	19.23	8.7	3.22
PAT Margin (%)	6.09	4.94	7.54	11.29	14.31	6.11	2.31
Cash Profit Margin (%)	9.22	7.87	9.88	13.78	16.76	8.06	4.59
ROA(%)	5.69	4.7	9.17	13.45	15.07	6.62	2.13
ROE(%)	8.9	7.68	15.67	20.14	19.96	9.17	3.21
ROCE(%)	11.97	11.4	18.41	21.06	24.22	11.59	5.07
Receivable days	79.84	84.59	70.87	74.46	87.1	80.17	82.27
Inventory Days	91.26	89.18	80.82	87.33	99.89	107.6	139.96
Payable days	40.56	52.45	42.07	41.73	58.51	48.44	53.19
PER(x)	13.37	29.29	13.37	5.23	19.37	44.56	59.96
Price/Book(x)	1.19	2.17	1.95	0.97	3.54	3.92	1.89
Dividend Yield(%)	0.21	0.23	0.44	1.86	0.43	0.21	0.14
EV/Net Sales(x)	1.03	1.69	1.25	0.63	2.87	2.88	1.64
EV/Core EBITDA(x)	7.29	13.07	8.09	3.59	12.97	25.84	23.28
Net Sales Growth(%)	0	10.55	49.14	0.69	-6.72	22.57	-2.27
EBIT Growth(%)	0	0.73	89.37	19.41	21.29	-42.61	-49.31
PAT Growth(%)	0	-10.42	128.74	50.83	18.27	-47.71	-62.96
EPS Growth(%)	0	-45.34	128.74	50.83	18.27	-47.71	-62.96
Debt/Equity(x)	0.33	0.39	0.47	0.11	0.14	0.23	0.37
Current Ratio(x)	2.44	1.7	1.8	3.18	3.01	2.99	2.15
Quick Ratio(x)	1.36	0.99	0.93	1.76	1.58	1.44	0.91
Interest Cover(x)	8.11	6.5	7.4	9.63	60.28	19.76	3.11
Total Debt/Mcap(x)	0.28	0.18	0.24	0.11	0.04	0.06	0.19

Oriental Aromatics Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.17	74.17	74.17	74.17	74.17	74.17	74.17	74.17	74.17	74.17
FII	0.08	0.11	0.14	0.14	0.13	0.13	0.13	0.11	0.1	0.1
DII	0	0.64	0.76	0.76	0.76	0.79	0.75	0.61	0.39	0.39
Public	25.75	25.09	24.93	24.93	24.94	24.91	24.95	25.11	25.34	25.34
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5	2.5
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0.02	0.03	0.03	0.03	0.03	0.03	0.02	0.01	0.01
Public	0.87	0.84	0.84	0.84	0.84	0.84	0.84	0.85	0.85	0.85
Others	0	0	0	0	0	0	0	0	0	0
Total	3.37	3.37	3.37	3.37	3.37	3.37	3.37	3.37	3.37	3.37

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
Debtor days have increased from 48.44 to 53.19days.
The company has delivered a poor profit growth of -4% over past five years.

* 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.