Buzzing stock: Oriental Aromatics jumps 16.5 per cent, hits all-time high level

Oriental Aromatics Limited (OAL) has touched an all-time high level of Rs 1,017.90 on BSE. Today, it surged 16.5 per cent from its previous close of Rs 873.45. On a YTD basis, the stock has given approximately 83 per cent returns to the investors.  

On the financial front, for Q4FY21, its operating revenue was Rs 221 crore, which was an increase of approximately 31 per cent on a YoY basis. Operating EBITDA reported was Rs 33 crore, which was down by about 7 per cent on a YoY basis while EBITDA margin stood at 15.04 per cent as against 20.98 per cent, a year ago. Net profit reported was Rs 22 crore, which declined about 6 per cent YoY while PAT margins stood at 10.12 per cent.  

For FY21, on a consolidated basis, the revenue decreased by approximately 7 per cent on a YoY basis to Rs 709 crore. EBITDA increased to Rs 155 crore by 22 per cent YoY while EBITDA margin stood at 21.88 per cent as against 16.74 per cent in FY20. The net profit reported was Rs 102 crore, an increase of about 18 per cent YoY.  

For the quarter ending June 2021, the company will announce its results on July 22, 2021.  

It has certain continuous process re-engineering and utility expansion projects, taking place in Bareilly plant, which is likely to get over by December 2021. The third tranche would be the hydrogenation plant, of which, the civil construction has started and the plant will be commissioned by the end of Q4FY22.   

OAL has been a pioneer in Terpene chemistry in India. Its wide array of products includes synthetic camphor, Terpineols, pine oils, Astromusk, other speciality aroma chemicals along with several other chemicals finding applications in a vast array of industries ranging from flavours & fragrances, pharmaceuticals, soaps & cosmetics, paints & varnishes, and many more.