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AG Ventures Overview

Oriental Carbon & Chemicals Ltd is a holding company. The Company is engaged within the production of insoluble sulfur for the tire and rubber enterprise around the sector. The Company's segments consist of Chemicals (Including Insoluble Sulfur, Sulfuric Acid and Oleum), Automotive Products and Fluid Power & Automation. The Company manufactures each business grade and battery grade sulfuric acid and oleums. It offers sulfuric acid for use as a dehydrating agent, catalyst, active reactant in chemical processes, solvent and absorbent, and to be u...Read More

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AG Ventures Key Financials

Market Cap ₹109 Cr.

Stock P/E 19.5

P/B 0.4

Current Price ₹109.5

Book Value ₹ 268.8

Face Value 10

52W High ₹329.1

Dividend Yield 0%

52W Low ₹ 74.6

AG Ventures Share Price

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Volume
Price

AG Ventures Quarterly Price

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AG Ventures Peer Comparison

AG Ventures Quarterly Results

#(Fig in Cr.) Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Sep 2025
Net Sales 122 19 20 18 23 19 32 30 28 30
Other Income 0 0 0 0 0 0 1 1 1 1
Total Income 123 19 20 19 24 19 33 30 29 31
Total Expenditure 94 15 15 15 17 17 27 26 25 28
Operating Profit 28 5 5 4 6 2 6 4 3 3
Interest 3 0 0 0 0 0 0 0 0 0
Depreciation 7 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 18 4 4 3 6 1 5 3 2 1
Provision for Tax 4 1 1 0 -0 0 3 1 0 0
Profit After Tax 14 3 3 2 6 1 1 2 2 1
Adjustments -1 13 7 4 11 7 -1 -0 -1 -1
Profit After Adjustments 13 16 10 7 16 8 0 2 1 0
Adjusted Earnings Per Share 12.6 16.3 10.1 6.8 16.2 7.8 0.2 1.9 0.9 0.2

AG Ventures Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 347 311 332 369 432 387 384 444 536 81 108 120
Other Income 14 6 5 5 11 11 3 8 3 1 2 4
Total Income 360 317 336 374 443 397 387 452 539 82 111 123
Total Expenditure 278 233 244 267 309 282 257 356 426 63 95 106
Operating Profit 82 84 92 107 135 115 129 96 113 20 16 16
Interest 10 8 7 9 9 10 7 8 13 0 1 0
Depreciation 16 17 17 18 20 21 22 24 29 3 4 4
Exceptional Income / Expenses 0 0 0 0 0 -2 0 0 0 0 0 0
Profit Before Tax 55 59 69 80 106 83 100 63 70 16 11 11
Provision for Tax 10 13 21 23 29 8 17 17 17 2 5 4
Profit After Tax 45 46 48 57 77 75 83 46 54 14 6 6
Adjustments 3 3 3 -0 -1 -2 -4 -3 -5 35 5 -3
Profit After Adjustments 48 50 51 57 75 73 79 43 49 49 10 3
Adjusted Earnings Per Share 46.9 48.1 49.8 55.2 75.2 73.2 79.1 43.1 48.7 49.5 10.5 3.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 33% -38% -23% -11%
Operating Profit CAGR -20% -45% -33% -15%
PAT CAGR -57% -49% -40% -18%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -38% -47% -35% -14%
ROE Average 1% 4% 8% 13%
ROCE Average 3% 5% 8% 14%

AG Ventures Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 244 283 337 382 409 465 533 561 602 637 266
Minority's Interest 15 11 8 8 10 11 15 18 23 27 29
Borrowings 44 21 64 69 72 96 113 94 73 0 0
Other Non-Current Liabilities 23 24 17 24 31 30 29 37 46 10 13
Total Current Liabilities 114 112 101 107 110 95 123 155 141 17 18
Total Liabilities 439 451 527 589 631 697 814 865 886 896 327
Fixed Assets 215 207 327 328 361 354 342 453 478 70 69
Other Non-Current Assets 48 88 15 57 24 68 161 124 107 129 132
Total Current Assets 177 156 185 204 247 275 310 288 301 156 126
Total Assets 439 451 527 589 631 697 814 865 886 896 327

AG Ventures Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 13 4 2 10 4 23 2 2 1 1
Cash Flow from Operating Activities 70 70 82 94 93 115 91 61 105 97 8
Cash Flow from Investing Activities -31 -40 -82 -74 -49 -85 -129 -41 -54 -43 12
Cash Flow from Financing Activities -34 -38 -2 -12 -50 -10 16 -21 -52 -54 -18
Net Cash Inflow / Outflow 5 -9 -2 8 -6 20 -21 -0 -1 1 1
Closing Cash & Cash Equivalent 13 4 2 10 4 23 2 2 1 1 3

AG Ventures Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 46.9 48.1 49.76 55.19 75.21 73.21 79.08 43.11 48.69 49.53 10.48
CEPS(Rs) 59.88 61.22 63.37 72.91 96.88 96.31 105.16 70.46 83.07 17.67 9.53
DPS(Rs) 8.5 8.5 10 10 12 10 14 14 14 14 0
Book NAV/Share(Rs) 236.56 274.43 326.83 370.53 408.98 465.07 533.72 561.45 602.93 637.95 266.6
Core EBITDA Margin(%) 18.65 23.68 25.09 27.17 28.56 27.09 32.65 19.73 20.44 22.78 12.12
EBIT Margin(%) 17.89 20.24 21.59 23.7 26.48 23.83 27.7 16.1 15.55 20.28 10.8
Pre Tax Margin(%) 15.06 17.83 19.72 21.35 24.46 21.36 26 14.23 13.12 20.15 10.13
PAT Margin (%) 12.38 14 13.83 15.22 17.71 19.33 21.5 10.38 9.99 17.84 5.19
Cash Profit Margin (%) 16.86 19.15 18.69 20.08 22.4 24.87 27.21 15.82 15.47 21.8 8.8
ROA(%) 10.72 10.34 9.87 10.2 12.54 11.26 10.98 5.5 6.12 1.62 0.92
ROE(%) 20.15 17.51 15.6 15.85 19.37 17.13 16.63 8.44 9.21 2.33 1.24
ROCE(%) 19.34 18.53 18.47 18.62 21.92 15.98 16.14 9.84 11.07 2.35 2.58
Receivable days 65.99 71.26 75.82 80.64 71.89 75.73 71.83 68.56 57.19 201.21 22.55
Inventory Days 51.27 57.59 47.86 42.7 42.64 45.43 42.28 47.42 47.19 184.2 42.77
Payable days 73.9 95.81 86.6 88.21 66.7 66.4 78.14 62.38 48.37 177.23 38.71
PER(x) 9.61 10.46 18.22 18.65 15.15 7.64 11.6 18.57 13.68 13.32 15.01
Price/Book(x) 1.9 1.83 2.77 2.78 2.79 1.2 1.72 1.43 1.1 1.03 0.59
Dividend Yield(%) 1.89 1.69 1.1 0.97 1.05 1.79 1.53 1.75 2.1 2.12 0
EV/Net Sales(x) 1.59 1.91 3.11 3.17 2.93 1.76 2.83 2.19 1.53 8.02 1.35
EV/Core EBITDA(x) 6.76 7.1 11.17 10.97 9.39 5.89 8.42 10.16 7.26 33.09 9.39
Net Sales Growth(%) 4.79 -10.26 6.58 11.25 17.12 -10.47 -0.84 15.69 20.77 -84.89 33.7
EBIT Growth(%) 2.72 1.81 13.13 17.53 29.17 -19.44 16.02 -33.01 16.39 -80.3 -28.79
PAT Growth(%) 11.67 1.75 4.86 17.81 34.49 -2.29 11 -44.34 16.01 -73.04 -61.1
EPS Growth(%) 19.27 2.55 3.46 10.91 36.27 -2.65 8.01 -45.48 12.92 1.74 -78.84
Debt/Equity(x) 0.44 0.3 0.33 0.32 0.32 0.32 0.34 0.33 0.27 0 0
Current Ratio(x) 1.56 1.39 1.83 1.91 2.24 2.89 2.52 1.86 2.13 9.1 6.95
Quick Ratio(x) 1.09 0.94 1.42 1.47 1.75 2.45 2.13 1.42 1.63 8.44 6.18
Interest Cover(x) 6.32 8.4 11.54 10.07 13.09 9.63 16.34 8.61 6.41 147.98 16.08
Total Debt/Mcap(x) 0.23 0.17 0.12 0.12 0.12 0.27 0.2 0.23 0.24 0 0.01

AG Ventures Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 51.76 51.76 51.76 51.76 51.76 51.76 51.76 51.76 51.76 51.76
FII 0.74 0.69 0.56 0.03 0.02 0.04 1.38 1.26 1.01 0.27
DII 11.75 11.73 11.05 5.71 5.18 5.09 5.09 5.09 5.08 5.03
Public 35.74 35.81 36.63 42.5 43.04 43.11 41.77 41.89 42.15 42.94
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

AG Ventures News

AG Ventures Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Debtor days have improved from 177.23 to 38.71days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • The company has delivered a poor profit growth of -39% over past five years.
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