Market Cap ₹4465 Cr.
Stock P/E 59.3
P/B 7
Current Price ₹209.3
Book Value ₹ 29.9
Face Value 1
52W High ₹263
Dividend Yield 0.72%
52W Low ₹ 189.1
Orient Electric Ltd manufactures/purchases and sells electric durables, and lights and switchgear products in India. The employer operates in 2 segments, Electrical Consumer Durables, and Lighting and Switchgear segments. It offers ceiling, portable, airflow, wall, life-style, stand, table, exhaust, and multi-utility fanatics, in addition to related additives and accessories; and domestic appliances, which includes air coolers, room and water warmers, oil stuffed radiators, heat convectors, dry irons, mixer grinders, juicer mixer grinders, moist grinders, electric powered kettles and rice cookers, induction cooktops, electric choppers and toasters, and electric powered hand mixers. The organisation also gives lighting merchandise comprising LED bulbs and luminaires, LED lamps and tubes, professional lights products, CFLs, fluorescent tube lighting, incandescent lamps, and conventional fittings; and switchgears, which include miniature and residual current circuit breakers, distribution forums, isolators, and modular switches and plates, in addition to wiring accessories. Orient Electric Ltd additionally exports its products to approximately 35 countries. The business enterprise sells its merchandise via a income/distribution network, as well as online. It additionally franchises smart stores. Orient Electric Ltd was incorporated in 2016 and is established in New Delhi, India.
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 594 | 678 | 622 | 511 | 739 | 658 | 706 | 567 | 752 | 788 |
| Other Income | 1 | 1 | 5 | 6 | 9 | 7 | 3 | 3 | 4 | 5 |
| Total Income | 596 | 679 | 627 | 517 | 748 | 665 | 708 | 570 | 756 | 793 |
| Total Expenditure | 533 | 612 | 583 | 499 | 684 | 612 | 662 | 546 | 703 | 757 |
| Operating Profit | 63 | 67 | 43 | 18 | 63 | 53 | 47 | 24 | 53 | 36 |
| Interest | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 5 | 5 | 7 |
| Depreciation | 12 | 12 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 15 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 0 | 0 |
| Profit Before Tax | 47 | 51 | 25 | 0 | 44 | 33 | 27 | 23 | 33 | 13 |
| Provision for Tax | 12 | 13 | 6 | 0 | 11 | 8 | 7 | 5 | 8 | 1 |
| Profit After Tax | 35 | 38 | 19 | -0 | 33 | 25 | 20 | 18 | 24 | 13 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 35 | 38 | 19 | -0 | 33 | 25 | 20 | 18 | 24 | 13 |
| Adjusted Earnings Per Share | 1.6 | 1.8 | 0.9 | -0 | 1.5 | 1.2 | 0.9 | 0.9 | 1.1 | 0.6 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 212 | 1600 | 1864 | 2062 | 2033 | 2448 | 2529 | 2813 |
| Other Income | 1 | 6 | 10 | 4 | 6 | 6 | 35 | 15 |
| Total Income | 213 | 1605 | 1874 | 2066 | 2039 | 2454 | 2564 | 2827 |
| Total Expenditure | 188 | 1463 | 1723 | 1885 | 1813 | 2217 | 2387 | 2668 |
| Operating Profit | 25 | 142 | 151 | 181 | 226 | 237 | 178 | 160 |
| Interest | 3 | 24 | 23 | 26 | 21 | 20 | 22 | 23 |
| Depreciation | 2 | 20 | 23 | 40 | 43 | 47 | 54 | 58 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Profit Before Tax | 20 | 98 | 105 | 114 | 162 | 170 | 102 | 96 |
| Provision for Tax | 8 | 34 | 36 | 36 | 42 | 43 | 26 | 21 |
| Profit After Tax | 12 | 64 | 69 | 79 | 120 | 127 | 76 | 75 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 12 | 64 | 69 | 79 | 120 | 127 | 76 | 75 |
| Adjusted Earnings Per Share | 0 | 3 | 3.3 | 3.7 | 5.6 | 6 | 3.6 | 3.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 7% | 10% | 0% |
| Operating Profit CAGR | -25% | -1% | 5% | 0% |
| PAT CAGR | -40% | -1% | 3% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -5% | -10% | 5% | NA% |
| ROE Average | 14% | 23% | 23% | 22% |
| ROCE Average | 22% | 33% | 32% | 27% |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 213 | 263 | 307 | 359 | 456 | 541 | 585 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 56 | 34 | 25 | 0 | 2 | 0 | 0 |
| Other Non-Current Liabilities | -32 | -19 | -7 | 49 | 29 | 48 | 71 |
| Total Current Liabilities | 467 | 505 | 544 | 530 | 650 | 572 | 584 |
| Total Liabilities | 705 | 784 | 869 | 939 | 1136 | 1161 | 1239 |
| Fixed Assets | 109 | 106 | 117 | 190 | 186 | 212 | 226 |
| Other Non-Current Assets | 11 | 19 | 29 | 49 | 57 | 54 | 144 |
| Total Current Assets | 584 | 659 | 724 | 700 | 893 | 895 | 853 |
| Total Assets | 705 | 784 | 869 | 939 | 1136 | 1161 | 1239 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 23 | 31 | 32 | 7 | 140 | 150 |
| Cash Flow from Operating Activities | 59 | 91 | 132 | 129 | 427 | -1 | 190 |
| Cash Flow from Investing Activities | -6 | -22 | -31 | -51 | -151 | 78 | -110 |
| Cash Flow from Financing Activities | -40 | -62 | -100 | -103 | -144 | -67 | -66 |
| Net Cash Inflow / Outflow | 13 | 7 | 1 | -24 | 133 | 10 | 14 |
| Closing Cash & Cash Equivalent | 23 | 31 | 32 | 7 | 140 | 150 | 164 |
| # | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 3.02 | 3.27 | 3.71 | 5.64 | 5.97 | 3.56 |
| CEPS(Rs) | 0 | 3.95 | 4.35 | 5.6 | 7.68 | 8.19 | 6.08 |
| DPS(Rs) | 0 | 1 | 1 | 1.15 | 2 | 2 | 1.5 |
| Book NAV/Share(Rs) | 0 | 12.41 | 14.45 | 16.76 | 21.13 | 25.11 | 27.23 |
| Core EBITDA Margin(%) | 10.1 | 8.22 | 7.33 | 8.21 | 10.39 | 9.1 | 5.33 |
| EBIT Margin(%) | 9.72 | 7.37 | 6.63 | 6.53 | 8.64 | 7.48 | 4.64 |
| Pre Tax Margin(%) | 8.56 | 5.89 | 5.44 | 5.31 | 7.66 | 6.68 | 3.81 |
| PAT Margin (%) | 5.01 | 3.86 | 3.6 | 3.66 | 5.67 | 4.98 | 2.83 |
| Cash Profit Margin (%) | 5.76 | 5.05 | 4.79 | 5.52 | 7.71 | 6.83 | 4.83 |
| ROA(%) | 1.68 | 8.6 | 8.39 | 8.7 | 11.54 | 11.03 | 6.32 |
| ROE(%) | 6.17 | 28.15 | 24.33 | 23.75 | 29.78 | 25.81 | 13.64 |
| ROCE(%) | 5.41 | 28.03 | 28.69 | 31.22 | 39.32 | 37.01 | 21.57 |
| Receivable days | 559.16 | 82.18 | 73.75 | 64.18 | 62.08 | 53.52 | 50.9 |
| Inventory Days | 273.22 | 42.39 | 44.8 | 46.73 | 46.26 | 41.3 | 41.65 |
| Payable days | 477.84 | 81.97 | 90.01 | 88.23 | 109.12 | 100.06 | 90.28 |
| PER(x) | 0 | 0 | 46.72 | 53.32 | 55.12 | 53.9 | 75.85 |
| Price/Book(x) | 0 | 0 | 10.56 | 11.79 | 14.72 | 12.81 | 9.93 |
| Dividend Yield(%) | 0 | 0 | 0.66 | 0.58 | 0.64 | 0.62 | 0.55 |
| EV/Net Sales(x) | 0.88 | 0.11 | 1.79 | 2.08 | 3.13 | 2.73 | 2.21 |
| EV/Core EBITDA(x) | 7.59 | 1.24 | 22.16 | 23.73 | 28.16 | 28.21 | 31.53 |
| Net Sales Growth(%) | 0 | 653.62 | 16.54 | 10.59 | -1.42 | 20.46 | 3.3 |
| EBIT Growth(%) | 0 | 433.75 | 4.46 | 9.89 | 30.09 | 4.06 | -34.71 |
| PAT Growth(%) | 0 | 441.56 | 8.25 | 13.43 | 52.3 | 5.76 | -40.11 |
| EPS Growth(%) | 0 | 0 | 8.25 | 13.43 | 52.3 | 5.76 | -40.27 |
| Debt/Equity(x) | 1.1 | 0.71 | 0.44 | 0.28 | 0.03 | 0.03 | 0.02 |
| Current Ratio(x) | 1.25 | 1.31 | 1.33 | 1.32 | 1.37 | 1.56 | 1.46 |
| Quick Ratio(x) | 0.87 | 0.89 | 0.84 | 0.78 | 0.99 | 0.99 | 0.97 |
| Interest Cover(x) | 8.44 | 5 | 5.59 | 5.37 | 8.81 | 9.37 | 5.6 |
| Total Debt/Mcap(x) | 0 | 0 | 0.04 | 0.02 | 0 | 0 | 0 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 38.52 | 38.52 | 38.52 | 38.42 | 38.42 | 38.41 | 38.31 | 38.31 | 38.31 | 38.31 |
| FII | 8.99 | 8.26 | 6.16 | 6.12 | 6.13 | 5.75 | 5.51 | 5.69 | 5.93 | 6.52 |
| DII | 24.94 | 26.31 | 29.08 | 27.02 | 26.66 | 27.6 | 27.87 | 29.98 | 29.23 | 27.2 |
| Public | 27.55 | 26.92 | 26.24 | 28.43 | 28.79 | 28.24 | 28.32 | 26.03 | 26.53 | 27.98 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 8.17 | 8.17 | 8.17 | 8.17 | 8.17 | 8.17 | 8.17 | 8.17 | 8.17 | 8.17 |
| FII | 1.91 | 1.75 | 1.31 | 1.3 | 1.3 | 1.22 | 1.18 | 1.21 | 1.27 | 1.39 |
| DII | 5.29 | 5.58 | 6.17 | 5.75 | 5.67 | 5.87 | 5.95 | 6.4 | 6.24 | 5.8 |
| Public | 5.85 | 5.71 | 5.57 | 6.05 | 6.12 | 6.01 | 6.04 | 5.55 | 5.66 | 5.97 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21.22 | 21.22 | 21.22 | 21.27 | 21.27 | 21.28 | 21.34 | 21.34 | 21.34 | 21.34 |
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