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 ₹ 429 Cr.
 - Current Price ₹ 292
 - High / Low ₹ 356 / 215
 - Stock P/E 99.3
 - Book Value ₹ 216
 - Dividend Yield 0.17 %
 - ROCE 2.38 %
 - ROE 0.90 %
 - Face Value ₹ 10.0
 
Pros
- Company has been maintaining a healthy dividend payout of 37.5%
 - Company's working capital requirements have reduced from 33.7 days to 26.6 days
 
Cons
- The company has delivered a poor sales growth of 6.35% over past five years.
 - Company has a low return on equity of 2.85% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 529 | 556 | 572 | 637 | 655 | 571 | 492 | 502 | 654 | 705 | 674 | 670 | 665 | |
| 480 | 498 | 525 | 581 | 606 | 534 | 466 | 469 | 598 | 658 | 653 | 642 | 636 | |
| Operating Profit | 50 | 58 | 47 | 57 | 48 | 37 | 26 | 34 | 57 | 47 | 21 | 28 | 28 | 
| OPM % | 9% | 10% | 8% | 9% | 7% | 6% | 5% | 7% | 9% | 7% | 3% | 4% | 4% | 
| 2 | 3 | 1 | 2 | 21 | 2 | 5 | 4 | 3 | 6 | 3 | 3 | 3 | |
| Interest | 22 | 25 | 24 | 13 | 7 | 9 | 8 | 6 | 4 | 2 | 2 | 5 | 5 | 
| Depreciation | 19 | 19 | 19 | 19 | 15 | 17 | 21 | 21 | 21 | 21 | 21 | 23 | 22 | 
| Profit before tax | 11 | 17 | 5 | 26 | 47 | 14 | 3 | 11 | 35 | 30 | 1 | 4 | 5 | 
| Tax % | -21% | 44% | 56% | 43% | 15% | 34% | -144% | 33% | 8% | 25% | 19% | 25% | |
| 13 | 10 | 2 | 15 | 40 | 9 | 7 | 8 | 32 | 22 | 1 | 3 | 4 | |
| EPS in Rs | 12.77 | 7.25 | 1.50 | 10.59 | 28.00 | 6.51 | 4.98 | 5.35 | 22.31 | 15.52 | 0.62 | 1.94 | 2.95 | 
| Dividend Payout % | 12% | 21% | 33% | 5% | 2% | 8% | 0% | 9% | 4% | 6% | 80% | 26% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 6% | 
| 3 Years: | 1% | 
| TTM: | -2% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | -17% | 
| 3 Years: | -56% | 
| TTM: | 1008% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% | 
| 5 Years: | 19% | 
| 3 Years: | -20% | 
| 1 Year: | -11% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 5% | 
| 3 Years: | 3% | 
| Last Year: | 1% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 
| Reserves | 156 | 162 | 163 | 168 | 208 | 218 | 225 | 235 | 270 | 296 | 298 | 301 | 
| 188 | 197 | 181 | 110 | 77 | 101 | 61 | 40 | 16 | 9 | 45 | 46 | |
| 133 | 142 | 144 | 127 | 133 | 126 | 120 | 148 | 155 | 165 | 199 | 167 | |
| Total Liabilities | 487 | 514 | 502 | 419 | 432 | 459 | 421 | 437 | 455 | 484 | 558 | 529 | 
| 234 | 228 | 234 | 201 | 196 | 239 | 233 | 207 | 207 | 250 | 296 | 278 | |
| CWIP | 2 | 18 | 5 | 0 | 1 | 1 | 1 | 0 | 1 | 3 | 0 | 1 | 
| Investments | 20 | 20 | 20 | 24 | 6 | 7 | 7 | 8 | 9 | 10 | 10 | 13 | 
| 232 | 247 | 243 | 193 | 228 | 213 | 180 | 222 | 239 | 222 | 251 | 237 | |
| Total Assets | 487 | 514 | 502 | 419 | 432 | 459 | 421 | 437 | 455 | 484 | 558 | 529 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45 | 56 | 51 | 27 | 41 | 64 | 19 | 44 | 34 | 40 | 33 | ||
| -11 | -29 | -14 | 5 | -56 | -4 | 5 | -12 | -21 | -63 | -8 | ||
| -28 | -29 | -37 | -32 | 15 | -61 | -23 | -29 | -13 | 33 | -5 | ||
| Net Cash Flow | 6 | -2 | -0 | 0 | -0 | 0 | 1 | 2 | 0 | 10 | 21 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 48 | 46 | 58 | 70 | 74 | 64 | 67 | 58 | 58 | 71 | 71 | 
| Inventory Days | 185 | 206 | 185 | 90 | 113 | 122 | 125 | 94 | 97 | 119 | 114 | 71 | 
| Days Payable | 169 | 167 | 164 | 86 | 99 | 101 | 119 | 147 | 135 | 153 | 184 | 129 | 
| Cash Conversion Cycle | 71 | 87 | 67 | 63 | 84 | 96 | 71 | 15 | 20 | 23 | 1 | 14 | 
| Working Capital Days | -11 | -18 | -9 | 13 | 42 | 41 | 50 | 32 | 31 | 39 | 35 | 27 | 
| ROCE % | 9% | 12% | 8% | 12% | 7% | 4% | 5% | 14% | 10% | 1% | 2% | 
Documents
Announcements
- 
        
          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
 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Oct
 
Annual reports
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      Financial Year 2025
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      Financial Year 2024
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      Financial Year 2023
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      Financial Year 2022
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      Financial Year 2021
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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
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      Financial Year 2016
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      Financial Year 2015
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      Financial Year 2014
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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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      Oct 2021TranscriptNotesPPT
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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