Orient Bell Ltd
Incorporated in 1977, Orient Bell Ltd
 is in the business of manufacturing, 
trading and selling of ceramic and 
floor tile[1]
- Market Cap ₹ 431 Cr.
 - Current Price ₹ 293
 - High / Low ₹ 356 / 215
 - Stock P/E 115
 - Book Value ₹ 212
 - Dividend Yield 0.17 %
 - ROCE 2.30 %
 - ROE 0.80 %
 - Face Value ₹ 10.0
 
Pros
- Company has been maintaining a healthy dividend payout of 417%
 - Company's working capital requirements have reduced from 33.8 days to 27.0 days
 
Cons
- The company has delivered a poor sales growth of 6.04% over past five years.
 - Company has a low return on equity of 2.65% over last 3 years.
 
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Ceramics
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 573 | 675 | 685 | 637 | 655 | 571 | 492 | 502 | 654 | 705 | 674 | 660 | 652 | |
| 525 | 629 | 638 | 581 | 606 | 534 | 466 | 469 | 598 | 658 | 653 | 632 | 624 | |
| Operating Profit | 47 | 46 | 47 | 57 | 49 | 37 | 26 | 34 | 57 | 47 | 21 | 28 | 29 | 
| OPM % | 8% | 7% | 7% | 9% | 7% | 6% | 5% | 7% | 9% | 7% | 3% | 4% | 4% | 
| 1 | 2 | 2 | 1 | 21 | 2 | 5 | 3 | 2 | 5 | 3 | 3 | 3 | |
| Interest | 24 | 21 | 19 | 13 | 7 | 9 | 8 | 6 | 4 | 2 | 2 | 5 | 5 | 
| Depreciation | 19 | 18 | 17 | 19 | 15 | 17 | 21 | 21 | 21 | 21 | 21 | 23 | 22 | 
| Profit before tax | 5 | 10 | 13 | 25 | 47 | 14 | 3 | 11 | 34 | 29 | 0 | 3 | 5 | 
| Tax % | 56% | 53% | 50% | 45% | 15% | 35% | -160% | 35% | 9% | 25% | 79% | 27% | |
| 2 | 5 | 6 | 14 | 40 | 9 | 7 | 7 | 31 | 22 | 0 | 2 | 4 | |
| EPS in Rs | 1.50 | 3.46 | 4.60 | 9.57 | 28.14 | 6.25 | 4.78 | 4.89 | 21.51 | 15.01 | 0.04 | 1.69 | 2.56 | 
| Dividend Payout % | 33% | 14% | 11% | 5% | 2% | 8% | 0% | 10% | 5% | 7% | 1,216% | 30% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% | 
| 5 Years: | 6% | 
| 3 Years: | 0% | 
| TTM: | -4% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% | 
| 5 Years: | -18% | 
| 3 Years: | -57% | 
| TTM: | 896% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% | 
| 5 Years: | 19% | 
| 3 Years: | -20% | 
| 1 Year: | -11% | 
| Return on Equity | |
|---|---|
| 10 Years: | 5% | 
| 5 Years: | 4% | 
| 3 Years: | 3% | 
| Last Year: | 1% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 
| Reserves | 163 | 168 | 174 | 167 | 208 | 217 | 224 | 233 | 267 | 292 | 294 | 296 | 
| 181 | 166 | 133 | 110 | 77 | 101 | 61 | 40 | 16 | 9 | 45 | 46 | |
| 144 | 136 | 134 | 127 | 133 | 126 | 120 | 148 | 155 | 165 | 199 | 159 | |
| Total Liabilities | 502 | 484 | 455 | 418 | 431 | 458 | 419 | 435 | 452 | 481 | 553 | 516 | 
| 234 | 223 | 209 | 201 | 196 | 239 | 233 | 207 | 207 | 250 | 296 | 278 | |
| CWIP | 5 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 3 | 0 | 1 | 
| Investments | 20 | 20 | 23 | 23 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 8 | 
| 243 | 240 | 222 | 193 | 228 | 213 | 180 | 222 | 239 | 222 | 251 | 229 | |
| Total Assets | 502 | 484 | 455 | 418 | 431 | 458 | 419 | 435 | 452 | 481 | 553 | 516 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54 | 47 | 42 | 51 | 27 | 41 | 64 | 19 | 44 | 34 | 40 | 33 | |
| -9 | -2 | -5 | -14 | 5 | -56 | -4 | 5 | -12 | -21 | -63 | -8 | |
| -46 | -48 | -37 | -37 | -32 | 15 | -61 | -23 | -29 | -13 | 33 | -5 | |
| Net Cash Flow | -1 | -3 | -0 | -0 | 0 | -0 | 0 | 1 | 2 | 0 | 10 | 21 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 50 | 56 | 58 | 70 | 74 | 64 | 67 | 58 | 58 | 71 | 67 | 
| Inventory Days | 185 | 123 | 103 | 90 | 113 | 122 | 125 | 94 | 97 | 119 | 114 | 73 | 
| Days Payable | 164 | 124 | 118 | 86 | 99 | 101 | 119 | 147 | 135 | 153 | 184 | 122 | 
| Cash Conversion Cycle | 67 | 49 | 41 | 63 | 84 | 96 | 71 | 15 | 20 | 23 | 1 | 18 | 
| Working Capital Days | -9 | -8 | 2 | 13 | 42 | 41 | 50 | 32 | 31 | 39 | 35 | 27 | 
| ROCE % | 8% | 9% | 10% | 13% | 12% | 7% | 3% | 5% | 13% | 10% | 1% | 2% | 
Documents
Announcements
- 
        
          Board Meeting Intimation for  Consider And Approve Unaudited (Standalone & Consolidated) Financial Results For The Quarter And Half Year Ended 30Th September, 2025.
          
            2m - Board meeting on 11 Nov 2025 to approve unaudited Q2/H1 results for Sep 30, 2025; trading window remains closed.
 - 
        
          Announcement under Regulation 30 (LODR)-Newspaper Publication
          
            29 Oct - Newspaper Publication - Notice issued to shareholders with regard to opening of a special window for re-lodgement of transfer requests of physical shares.
 - 
        
          Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 -Grant Of Options Under Company''s Employees Stock Option Scheme.
          
            9 Oct - Grant of 5,000 ESOPs at Rs.10 exercise price on 09.10.2025; vesting 1-5 years.
 - 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            9 Oct - SEBI Reg 74(5) certificate confirming dematerialisation compliance for quarter ended 30-09-2025 by MCS Registrar.
 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Oct
 
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from nse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from nse
 
Concalls
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      Aug 2025Transcript PPT
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      Jan 2022TranscriptNotesPPT
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      Oct 2021TranscriptNotesPPT
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      Oct 2020TranscriptNotesPPT
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      Nov 2019TranscriptNotesPPT
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      Nov 2018TranscriptNotesPPT
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      Aug 2018TranscriptNotesPPT
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      May 2018TranscriptNotesPPT
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      Jan 2018TranscriptNotesPPT
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      Dec 2017TranscriptNotesPPT
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      Sep 2017TranscriptNotesPPT
 
Business Overview:[1][2]
OBL is engaged in manufacturing and trading of ceramic and vitrified tiles. It sells its products through a chain of exclusive signature showrooms