Orient Electric Ltd
Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of modern consumers. [1]
- Market Cap ₹ 5,007 Cr.
- Current Price ₹ 235
- High / Low ₹ 297 / 177
- Stock P/E 77.3
- Book Value ₹ 30.5
- Dividend Yield 0.64 %
- ROCE 14.2 %
- ROE 10.3 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 39.4%
Cons
- Stock is trading at 7.70 times its book value
- The company has delivered a poor sales growth of 8.57% over past five years.
- Company's cost of borrowing seems high
* 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
Sector: Consumer Durables Industry: Domestic Appliances
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2017 6m | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
216 | 1,600 | 1,864 | 2,062 | 2,033 | 2,448 | 2,529 | 2,812 | 3,019 | |
193 | 1,461 | 1,721 | 1,885 | 1,813 | 2,217 | 2,378 | 2,667 | 2,852 | |
Operating Profit | 24 | 139 | 143 | 177 | 220 | 231 | 151 | 145 | 168 |
OPM % | 11% | 9% | 8% | 9% | 11% | 9% | 6% | 5% | 6% |
1 | 3 | 8 | 4 | 6 | 6 | 27 | 33 | 13 | |
Interest | 3 | 24 | 23 | 26 | 21 | 20 | 22 | 23 | 25 |
Depreciation | 2 | 20 | 23 | 40 | 43 | 47 | 54 | 59 | 73 |
Profit before tax | 20 | 98 | 105 | 114 | 162 | 170 | 102 | 96 | 84 |
Tax % | 41% | 35% | 34% | 31% | 26% | 25% | 26% | 22% | |
12 | 64 | 69 | 79 | 120 | 127 | 76 | 75 | 65 | |
EPS in Rs | 3.02 | 3.27 | 3.71 | 5.64 | 5.97 | 3.56 | 3.53 | 3.03 | |
Dividend Payout % | 0% | 33% | 31% | 31% | 35% | 34% | 42% | 43% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 11% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | -19% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | -11% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 16% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
Reserves | 192 | 242 | 285 | 338 | 434 | 520 | 563 | 618 | 629 |
211 | 186 | 135 | 155 | 61 | 68 | 97 | 112 | 102 | |
344 | 359 | 447 | 446 | 645 | 579 | 583 | 700 | 651 | |
Total Liabilities | 747 | 808 | 889 | 960 | 1,162 | 1,187 | 1,265 | 1,451 | 1,403 |
0 | 106 | 117 | 190 | 186 | 212 | 226 | 236 | 462 | |
CWIP | 0 | 5 | 4 | 10 | 11 | 3 | 86 | 225 | 11 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37 | 14 |
747 | 698 | 768 | 760 | 965 | 972 | 953 | 953 | 916 | |
Total Assets | 747 | 808 | 889 | 960 | 1,162 | 1,187 | 1,265 | 1,451 | 1,403 |
Cash Flows
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
59 | 91 | 132 | 129 | 427 | 11 | 190 | 118 | |
4 | -22 | -31 | -51 | -151 | 78 | -110 | -171 | |
-40 | -62 | -100 | -103 | -144 | -80 | -66 | -46 | |
Net Cash Flow | 23 | 7 | 1 | -24 | 133 | 10 | 14 | -98 |
Ratios
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 609 | 88 | 77 | 64 | 64 | 58 | 51 | 60 |
Inventory Days | 516 | 73 | 76 | 74 | 64 | 67 | 57 | 59 |
Days Payable | 1,462 | 97 | 101 | 86 | 133 | 93 | 91 | 101 |
Cash Conversion Cycle | -337 | 65 | 52 | 53 | -6 | 33 | 18 | 17 |
Working Capital Days | 1,016 | 58 | 49 | 48 | 2 | 30 | 20 | 19 |
ROCE % | 29% | 29% | 29% | 35% | 34% | 19% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Orient Electric announces Q4FY25 earnings call on April 25, 2025, at 4:30 PM IST.
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Board Meeting Intimation for Consideration And Approval Of Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2025 And Declaration Of Final Dividend For The Financial Year 2024-25, If Any.
2d - Board meeting on April 25 to approve FY25 results and consider final dividend declaration.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Compliance certificate under SEBI Regulation 74(5) for demat/remat shares.
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Closure of Trading Window
26 Mar - Closure of trading window from April 1, 2025.
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Appointment of Company Secretary and Compliance Officer
7 Mar - Appointment of Ms. Dipti Mishra as Compliance Officer.
Annual reports
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
Parentage[1]
Orient Electric is part of CK Birla Group of companies.