Oriental Aromatics Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,046 Cr
- P/E
- 384.58
- ROE
- 0.50%
- PEG
- -8.59
- Price to sales
- 1.91
- Debt to equity
- 0.61
- 52W high / low
- ₹630 / ₹235
- Sales growth (5Y)
- 7.78%
- EBITDA margin
- 6.55%
- Net profit margin
- 0.32%
- Promoter holding
- 74.17%
- Sales (last year)
- ₹1,065 Cr
Incorporated in 1973, Oriental Aromatics Ltd is a manufacturer of specialty-based aroma chemicals, camphor, and flavour and fragrance products[1]
Guidance scorecard · Q1 FY27 call
What Oriental Aromatics Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
10–20%- The company targets a sales growth trajectory of 10% to 15% in the next one year.
- Volume growth is emphasized, with a focus on sustained demand across key product categories.
- Operational momentum and a healthy pipeline of customers provide a foundation for growth in Q2 and Q3.
- The Mahad plant's capacity utilization is expected to improve from the current 50%-60%, supporting incremental sales.
- Continued focus on expanding customer relationships and converting development projects into commercial businesses.
- The company aims to sustain volume growth while improving margins through better product mix, process optimization, and cost management.
2 more points from Oriental Aromatics Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Oriental Aromatics Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The Mahad facility is a long-term strategic investment with current Phase-1 completed; designed for a large number of products and future expansions.
- Mahad is currently operating at 50%-60% utilization with plans to increase to 75%-80%, aiming to become EBITDA positive and contribute meaningfully to profitability.
- The company is focused on maximizing utilization and improving profitability from existing assets before undertaking major expansionary investments.
2 more points from Oriental Aromatics Ltd's call on capex
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FundraisingQ1 FY27 call
See what Oriental Aromatics Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The management highlighted a healthy pipeline and a strong increase in physical volumes, indicating active order inflow.
- Fragrance division’s brief pipeline remains healthy with a focus on expanding customer relationships and converting development projects into commercial business.
- The Specialty Aroma Ingredients business delivered healthy year-on-year growth amid strong global competition.
- For Mahad plant, the company is actively working on accelerating customer approvals and commercial allocations.
2 more points from Oriental Aromatics Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Oriental Aromatics Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Oriental Aromatics Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 195.34 | 195.69 | 226.82 | 197.41 | 216.48 | 215.76 | 236.77 | 222.57 | 253.16 | 225.52 | 271.33 | 251.56 | 282.37 |
| Expenses + | 186.16 | 194.76 | 215.81 | 183.30 | 195.60 | 193.65 | 208.15 | 200.02 | 233.89 | 207.46 | 254.09 | 238.34 | 262.91 |
| Operating Profit | 9.18 | 0.93 | 11.01 | 14.11 | 20.88 | 22.11 | 28.62 | 22.55 | 19.27 | 18.06 | 17.24 | 13.22 | 19.46 |
| OPM % | 4.70% | 0.48% | 4.85% | 7.15% | 9.65% | 10.25% | 12.09% | 10.13% | 7.61% | 8.01% | 6.35% | 5.26% | 6.89% |
| Other Income + | 0.74 | 0.57 | 2.81 | 2.16 | 1.74 | 1.69 | 2.10 | 0.09 | 0.24 | 0.27 | 3.00 | 2.06 | 4.27 |
| Interest | 3.15 | 4.60 | 5.46 | 6.87 | 3.43 | 4.06 | 6.34 | 6.36 | 8.62 | 8.07 | 9.72 | 9.30 | 8.66 |
| Depreciation | 4.97 | 4.81 | 4.94 | 4.96 | 5.08 | 4.89 | 5.16 | 6.40 | 7.23 | 7.70 | 7.81 | 7.82 | 7.74 |
| Profit before tax | 1.80 | -7.91 | 3.42 | 4.44 | 14.11 | 14.85 | 19.22 | 9.88 | 3.66 | 2.56 | 2.71 | -1.84 | 7.33 |
| Tax % | 33.89% | -23.64% | 29.24% | 41.22% | 28.28% | 26.13% | 23.10% | 27.73% | 60.93% | 80.47% | 73.06% | 4.35% | 45.70% |
| Net Profit + | 1.19 | -6.05 | 2.42 | 2.61 | 10.12 | 10.98 | 14.78 | 7.14 | 1.42 | 0.50 | 0.74 | -1.92 | 3.99 |
| EPS in Rs | 0.35 | -1.80 | 0.72 | 0.78 | 3.01 | 3.26 | 4.39 | 2.12 | 0.42 | 0.15 | 0.22 | -0.57 | 1.19 |
Financials of Oriental Aromatics Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 458 | 506 | 755 | 760 | 709 | 873 | 854 | 842 | 935 | 1,031 |
| Expenses + | 400 | 441 | 639 | 633 | 553 | 780 | 799 | 795 | 841 | 963 |
| Operating Profit | 57 | 65 | 116 | 127 | 156 | 93 | 54 | 47 | 94 | 68 |
| OPM % | 13% | 13% | 15% | 17% | 22% | 11% | 6% | 6% | 10% | 7% |
| Other Income + | 6 | -0 | -2 | 7 | 1 | 4 | 6 | 7 | 3 | 10 |
| Interest | 5 | 7 | 13 | 12 | 2 | 4 | 13 | 20 | 25 | 36 |
| Depreciation | 14 | 15 | 18 | 19 | 17 | 17 | 19 | 20 | 24 | 31 |
| Profit before tax | 44 | 43 | 83 | 103 | 137 | 76 | 27 | 14 | 48 | 11 |
| Tax % | 37% | 42% | 31% | 16% | 26% | 30% | 28% | 35% | 28% | 69% |
| Net Profit + | 28 | 25 | 57 | 86 | 102 | 53 | 20 | 9 | 34 | 3 |
| EPS in Rs | 13.54 | 7.43 | 16.98 | 25.61 | 30.29 | 15.84 | 5.87 | 2.70 | 10.20 | 0.98 |
| Dividend Payout % | 3% | 7% | 6% | 10% | 8% | 9% | 9% | 18% | 5% | 51% |
Financials of Oriental Aromatics Ltd
Balance Sheet
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 8 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 311 | 329 | 375 | 447 | 540 | 588 | 608 | 616 | 646 | 648 |
| Borrowings + | 105 | 132 | 183 | 51 | 78 | 140 | 231 | 206 | 353 | 403 |
| Other Liabilities + | 69 | 103 | 98 | 93 | 110 | 120 | 130 | 157 | 129 | 127 |
| Total Liabilities | 490 | 573 | 673 | 608 | 745 | 865 | 986 | 995 | 1,145 | 1,194 |
| Fixed Assets + | 211 | 212 | 245 | 236 | 236 | 265 | 273 | 270 | 480 | 460 |
| CWIP | 15 | 40 | 1 | 2 | 13 | 25 | 53 | 173 | 5 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 264 | 321 | 428 | 370 | 496 | 574 | 661 | 551 | 660 | 730 |
| Total Assets | 490 | 573 | 673 | 608 | 745 | 865 | 986 | 995 | 1,145 | 1,194 |
Financials of Oriental Aromatics Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 16 | -23 | 181 | 17 | -1 | -22 | 142 | -34 | 2 | |
| Cash from Investing Activity + | -31 | -12 | -10 | -35 | -59 | -46 | -99 | -86 | -12 | |
| Cash from Financing Activity + | 15 | 36 | -159 | 16 | 51 | 78 | -48 | 121 | 12 | |
| Net Cash Flow | 0 | 0 | 12 | -2 | -9 | 9 | -5 | -0 | 3 | |
| Free Cash Flow | -15 | -36 | 171 | -18 | -60 | -69 | 43 | -121 | -9 | |
| CFO/OP | 51% | -0% | 162% | 36% | 23% | -23% | 309% | -20% | 11% |
Financials of Oriental Aromatics Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 97 | 77 | 73 | 97 | 81 | 81 | 78 | 74 | 89 |
| Inventory Days | 141 | 148 | 149 | 124 | 211 | 183 | 233 | 177 | 238 | 203 |
| Days Payable | 41 | 68 | 39 | 43 | 66 | 52 | 55 | 52 | 50 | 44 |
| Cash Conversion Cycle | 180 | 177 | 187 | 154 | 242 | 213 | 259 | 203 | 262 | 247 |
| Working Capital Days | 117 | 90 | 87 | 109 | 154 | 151 | 139 | 99 | 95 | 87 |
| ROCE % | 11% | 19% | 21% | 24% | 12% | 5% | 4% | 8% | 4% |
Guidance history
How Oriental Aromatics Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 0–10% | Up 0–2% | Planned | — | — |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 0–2% | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
47 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +70.8% | 90% |
| Last 6 months | +95.7% | 96% |
| Last 3 months | +59.4% | 98% |
The price is 40.6% below its all-time high of ₹1,021.35 (17 Sept 2021). Stocks more than 20% below their peak have their score halved, so 94 became 47.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Oriental Aromatics Ltd: 0.4 × 90 + 0.4 × 96 + 0.2 × 98 = 94, halved to 47 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Oriental Aromatics Ltd's management said in earlier quarters
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