Orient Paper & Industries Ltd

Strong financials• Orient has funded its expansions mostly through internally generated resources andcontinues to maintain a healthy debt-equity ratio of 0.7 and debt service coverage ratio(DSCR).Low cost cement productionOPIL is one of India’s lowest cost cement producers trading at $ 71 EV/ tn and currently produces5mpta with 3 mtpa from AP plant and 2 mtpa from Jalgaon plant. The products produced in thisplants are Portland Pozzolana cement (PPC) and Ordinary Portland Cement (OPC) having brandproducts namely Birla A1 premium cement (PPC) and Orient Gold Cement (OGC)Advantages for paper industryPaper prices dropped 6–10% in 2009-10. However, domestic and international prices started toimprove since March 2010. The domestic demand for paper is expected to receive a boost from thecensus and UID initiatives. The company is one of India’s largest producers of tissue paper andconsidered the industry benchmark for note book paperThe company’s paper portfolio consists of brands such as:• ‘Diamond touch’ (writing and printing papers)• ‘Orient’ (photocopying paper)• ‘1st Choice’ (note books and stationeries)