---
title: "OCL India Ltd(Merged) (OCL) — Share Price, Financials & Analysis"
symbol: "OCL"
company: "OCL India Ltd(Merged)"
canonical: "https://tapetide.com/stocks/OCL"
isin: "INE290B01025"
nse_symbol: "OCL"
sector: "Commodities"
industry: "Cement & Cement Products"
generated_at: "2026-09-13T18:35:54.751Z"
---

# OCL India Ltd(Merged) (OCL)

Canonical page: https://tapetide.com/stocks/OCL

## Company

- **NSE Symbol:** OCL
- **ISIN:** INE290B01025
- **Sector:** Commodities
- **Industry:** Cement & Cement Products
- **Macro Sector:** Commodities
- **Stock Type:** DELISTED
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** oclindialtd.in

## About

OCL India is engaged in cement business. The Company manufactures silica, basic burnt magnesia carbon, fireclay and high alumina bricks, continuous casting, slide gate refractories, castables and precast blocks basic, silica high alumina ramming mases/mortars. Its segments include cement, refractory and others.

## Latest Price

## Key Insights

### Strengths

- Company has delivered good profit growth of 64.7% CAGR over last 5 years

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -4% | 60% | 65% |
| revenue growth | 17% | 17% | 15% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 536 | 614 | 835 | 709 | 646 | 685 | 872 | 829 | 699 | 859 | 1055 | 922 |
| Expenses | 452 | 504 | 622 | 528 | 509 | 528 | 671 | 628 | 558 | 689 | 867 | 763 |
| Operating Profit | 84 | 110 | 213 | 180 | 137 | 157 | 201 | 202 | 141 | 170 | 187 | 159 |
| OPM % | 16 | 18 | 25 | 25 | 21 | 23 | 23 | 24 | 20 | 20 | 18 | 17 |
| Other Income | 35 | 15 | 32 | 30 | 46 | 31 | 29 | 36 | 32 | 25 | 37 | 20 |
| Interest | 34 | 34 | 34 | 33 | 31 | 34 | 37 | 29 | 30 | 27 | 29 | 30 |
| Depreciation | 42 | 44 | 77 | 33 | 34 | 38 | 41 | 37 | 38 | 46 | 46 | 46 |
| Profit before tax | 43 | 48 | 133 | 144 | 118 | 116 | 152 | 171 | 105 | 122 | 150 | 103 |
| Tax % | 22 | 20 | 10 | 27 | 28 | 31 | 26 | 31 | 25 | 4 | 28 | 28 |
| Net Profit | 34 | 38 | 120 | 106 | 86 | 80 | 112 | 117 | 79 | 118 | 108 | 75 |
| EPS in Rs | 5.92 | 6.67 | 21.17 | 18.6 | 15.06 | 14.09 | 19.71 | 20.6 | 13.85 | 20.68 | 19.07 | 13.12 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1113 | 1370 | 1480 | 1464 | 1814 | 1837 | 2213 | 2662 | 2905 | 3534 |
| Expenses | 853 | 988 | 1166 | 1256 | 1397 | 1545 | 1840 | 2116 | 2230 | 2877 |
| Operating Profit | 260 | 382 | 314 | 207 | 417 | 291 | 373 | 546 | 675 | 657 |
| OPM % | 23 | 28 | 21 | 14 | 23 | 16 | 17 | 21 | 23 | 19 |
| Other Income | 12 | 38 | 24 | 33 | 25 | 36 | 20 | 95 | 136 | 115 |
| Interest | 38 | 51 | 64 | 75 | 77 | 68 | 77 | 135 | 135 | 116 |
| Depreciation | 57 | 114 | 123 | 128 | 138 | 126 | 155 | 203 | 146 | 176 |
| Profit before tax | 177 | 255 | 152 | 38 | 226 | 133 | 161 | 303 | 530 | 480 |
| Tax % | 35 | 36 | 25 | 16 | 31 | 26 | 29 | 19 | 28 | — |
| Net Profit | 116 | 164 | 114 | 32 | 156 | 98 | 114 | 246 | 384 | 380 |
| EPS in Rs | 20.34 | 28.77 | 20.12 | 5.59 | 27.49 | 17.2 | 19.98 | 43.27 | 67.46 | 66.72 |
| Dividend Payout % | 12 | 14 | 20 | 36 | 15 | 23 | 20 | 9 | 7 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 542 | 648 | 785 | 873 | 892 | 1027 | 1099 | 1185 | 1960 | 2344 |
| Borrowings | 499 | 715 | 826 | 852 | 730 | 795 | 736 | 1319 | 1199 | 1154 |
| Other Liabilities | 298 | 340 | 427 | 418 | 401 | 519 | 644 | 767 | 1149 | 1245 |
| Total Liabilities | 1350 | 1714 | 2049 | 2155 | 2033 | 2352 | 2489 | 3282 | 4320 | 4754 |
| Fixed Assets | 326 | 841 | 978 | 998 | 1064 | 1051 | 1234 | 1227 | 2034 | 2113 |
| CWIP | 605 | 377 | 331 | 271 | 149 | 137 | 159 | 131 | 121 | 22 |
| Investments | 2 | 6 | 6 | 8 | 176 | 327 | 307 | 1114 | 1459 | 1658 |
| Other Assets | 417 | 490 | 734 | 877 | 645 | 837 | 789 | 810 | 705 | 961 |
| Total Assets | 1350 | 1714 | 2049 | 2155 | 2033 | 2352 | 2489 | 3282 | 4320 | 4754 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 233 | 233 | 394 | — | — | — | — | — | — | — |
| Cash from Investing Activity | -464 | -358 | -210 | — | — | — | — | — | — | — |
| Cash from Financing Activity | 236 | 147 | 51 | — | — | — | — | — | — | — |
| Net Cash Flow | 6 | 22 | 235 | — | — | — | — | — | — | — |
| Free Cash Flow | -240 | -123 | 174 | — | — | — | — | — | — | — |
| CFO/OP | 148 | 104 | 117 | — | — | — | — | — | — | — |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 45 | 38 | 28 | 32 | 30 | 35 | 45 | 33 | 22 | 22 |
| Inventory Days | 279 | 196 | 190 | 213 | 178 | 306 | 246 | 288 | 252 | 181 |
| Days Payable | 306 | 174 | 157 | 99 | 75 | 140 | 164 | 227 | 240 | 196 |
| Cash Conversion Cycle | 17 | 60 | 61 | 146 | 132 | 201 | 127 | 94 | 34 | 8 |
| Working Capital Days | 39 | 43 | 20 | 43 | 60 | 60 | 56 | 33 | -14 | 1 |
| ROCE % | 21 | 18 | 20 | 13 | 7 | 18 | 11 | 11 | 15 | 20 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- |
| Promoters | 74.89% | 74.89% | 74.89% |
| FIIs | 0.71% | 0.65% | 0.59% |
| DIIs | 0.48% | 2.04% | 2.25% |
| Public | 23.93% | 22.42% | 22.28% |
| No. of Shareholders | 11121 | 10498 | 10719 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% | 74.89% |
| FIIs | 2.17% | 2.26% | 2.39% | 0.71% | 0.79% | 0.79% | 0.7% | 0.65% | 0.6% | 0.59% |
| DIIs | 0.28% | 0.41% | 0.43% | 0.48% | 0.73% | 1.35% | 1.8% | 2.04% | 2.08% | 2.25% |
| Public | 22.67% | 22.44% | 22.29% | 23.93% | 23.59% | 22.98% | 22.62% | 22.42% | 22.43% | 22.28% |
| No. of Shareholders | 9483 | 10468 | 11212 | 11121 | 10953 | 11075 | 9876 | 10498 | 10491 | 10719 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 8 / 2 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 75.47 | Sell |
| EMA (10) | 75.65 | Sell |
| SMA (20) | 83.31 | Sell |
| EMA (20) | 77.43 | Sell |
| SMA (50) | 63.68 | Buy |
| EMA (50) | 70.34 | Sell |
| SMA (100) | 57.7 | Buy |
| EMA (100) | 69.6 | Sell |
| SMA (200) | 60.31 | Buy |
| EMA (200) | 169.15 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.99 | Neutral |
| MACD (12,26,9) | 0.08 | Sell |
| Stochastic (14,3,3) | 0.35 | Buy |
| ADX (14) | 30.76 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 3.45 | High Volatility |
| ROC (12) | -26.2 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 26.46 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 15 Oct 2018 - The Board ('BOD') today approved the implementation of the scheme of Arrangement and Amalgamation of OCL India Limited ('OCL') and Dalmia Cement East Limited ('DCEL') … | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Oct 2018 - The Board ('BOD') today approved the implementation of the scheme of Arrangement and Amalgamation of OCL India Limited ('OCL') and Dalmia Cement East Limited ('DCEL') …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea1846fd-804d-4e3d-a5ac-95b310c47e97.pdf) |
| 15 Oct 2018 - 'BOD') today approved the implementation of the scheme of Arrangement and Amalgamation of OCL India Limited ('OCL') and Dalmia Cement East Limited ('DCEL') & other … | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Oct 2018 - 'BOD') today approved the implementation of the scheme of Arrangement and Amalgamation of OCL India Limited ('OCL') and Dalmia Cement East Limited ('DCEL') & other …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/ea1846fd-804d-4e3d-a5ac-95b310c47e97.pdf) |
| — | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 26 Dec 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5C29D65C_E878_416E_97E0_0727F1D0AC55_193617.pdf) |
| — | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 26 Dec 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/12/5C29D65C_E878_416E_97E0_0727F1D0AC55_193617.pdf) |
| — | [Fixes Record Date for Scheme Amalgamation 18 Oct 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1338F850_877A_4EF0_978B_C54FB18F530F_144628.pdf) |
| — | [Fixes Record Date for Scheme Amalgamation 18 Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/1338F850_877A_4EF0_978B_C54FB18F530F_144628.pdf) |
| — | [Corporate Action-Amalgamation/ Merger / Demerger 16 Oct 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2e07955-724f-44a6-80af-48e38e2a22dc.pdf) |
| — | [Corporate Action-Amalgamation/ Merger / Demerger 16 Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/f2e07955-724f-44a6-80af-48e38e2a22dc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_OCL_2011_2012_03092012121415.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_OCL_2010_2011_20092011102222.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_OCL_2009_2010_13092010120000.zip) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/502165/5021650311.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:35:54.751Z.