Is Orient Electric a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Orient Electric Ltd is a good quality company .

Is Orient Electric undervalued or overvalued?

The key valuation ratios of Orient Electric Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Orient Electric share price return in the past 10 years?

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Is Orient Electric a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Orient Electric Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Orient Electric Ltd - Stock Valuation and Financial Performance

Name: Orient Electric
Brand: Orient Electric

BSE: 541301 | NSE: ORIENTELEC | Consumer Durables - Domestic Appliances | Small Cap

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Orient Electric Share Price

₹226.35 0.25 0.11%
as on 14-Nov'24 16:59

10 Year X-Ray of Orient Electric:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	5.4%	28%	28.7%	31.2%	39.3%	37%	21.6%	19.1%	-
Value Creation Index ⓘ	NA	NA	-0.6	1.0	1.1	1.3	1.9	1.7	0.6	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	212	1,600	1,864	2,062	2,033	2,448	2,529	2,812	2,955
Sales YoY Gr.	-	NA	NA	653.6%	16.5%	10.6%	-1.4%	20.5%	3.3%	11.2%	-
Adj EPS ⓘ	0	0	0	3.1	3.3	3.7	5.6	5.9	3.5	2.9	2.9
YoY Gr.	-	NA	NA	NA	7.1%	12.4%	50.4%	5.9%	-40.4%	-18.6%	-
BVPS (₹) ⓘ	0	0	0	12.4	14.5	16.8	21.1	25.1	27.2	29.8	30.5
Adj Net Profit ⓘ	0	0	11.5	65.8	70.5	79.2	119	126	75.3	61.4	62
Cash Flow from Ops. ⓘ	0	0	58.7	91.3	132	129	427	-1.3	190	118	-
Debt/CF from Ops. ⓘ	0	0	3.6	2	1	0.8	0	-11.8	0.1	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	8.6%	11.4%	11.2%
Adj EPS ⓘ	NA	-2.8%	-19.9%	-18.6%
BVPSⓘ	NA	15.6%	12.2%	9.5%
Share Price	-	3.6%	-14.8%	3.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	5.4	27.6	24.7	23.8	29.2	25.3	13.4	10	9.6
Op. Profit Mgn % ⓘ	11.2	8.7	7.7	8.6	10.8	9.5	6	5.2	5.3
Net Profit Mgn % ⓘ	5.4	4.1	3.8	3.8	5.9	5.2	3	2.2	2.1
Debt to Equity ⓘ	1.1	0.7	0.4	0.3	0	0	0	0	0
Working Cap Days ⓘ	0	134	129	123	122	106	105	98	56
Cash Conv. Cycle ⓘ	0	65	51	45	21	17	21	16	12

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.43%

Sales growth is good in last 4 quarters at 11.22%

Return on Equity has declined versus last 3 years average to 9.60%

Net Profit has been subdued in last 3 years -19.93%

Latest Financials - Orient Electric Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.9	-
TTM Sales (₹ Cr.)	2,955	-
BVPS (₹.) ⓘ	30.5	-
Reserves (₹ Cr.) ⓘ	629	-
P/BV ⓘ	7.38	-
PE ⓘ	77.54	-

From the Market
52 Week Low / High (₹)	189.10 / 297.15
All Time Low / High (₹)	108.00 / 408.20
Market Cap (₹ Cr.)	4,801
Equity (₹ Cr.)	21.3
Face Value (₹)	1
Industry PE ⓘ	67

Management X-Ray of Orient Electric:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Orient Electric

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Orient Electric

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	212	1,600	1,864	2,062	2,033	2,448	2,529	2,812
Operating Expenses ⓘ	188	1,463	1,723	1,885	1,813	2,217	2,379	2,668
Manufacturing Costs	2	22	27	26	20	23	23	42
Material Costs	147	1,043	1,271	1,409	1,421	1,767	1,824	1,957
Employee Cost	12	143	174	198	179	190	193	259
Other Costs ⓘ	28	255	251	252	193	237	339	410
Operating Profit ⓘ	24	137	141	176	220	231	151	144
Operating Profit Margin (%)	11.2%	8.5%	7.6%	8.6%	10.8%	9.4%	6.0%	5.1%
Other Income ⓘ	1	6	10	4	6	6	27	16
Interest ⓘ	3	24	23	26	21	20	22	23
Depreciation ⓘ	2	20	23	40	43	47	54	59
Exceptional Items ⓘ	0	0	0	0	0	0	0	19
Profit Before Tax ⓘ	20	98	105	114	162	170	102	96
Tax ⓘ	8	34	36	36	42	43	26	21
Profit After Tax	12	64	69	79	120	127	76	75
PAT Margin (%)	5.6%	4.0%	3.7%	3.8%	5.9%	5.2%	3.0%	2.7%
Adjusted EPS (₹)	0.0	3.0	3.3	3.7	5.6	6.0	3.6	3.5
Dividend Payout Ratio (%)	0%	33%	31%	31%	35%	34%	42%	43%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	192	263	307	356	448	533	579	636
Share Capital ⓘ	0	21	21	21	21	21	21	21
Reserves ⓘ	192	242	285	334	427	512	558	615
Minority Interest	0	0	0	0	0	0	0	0
Debt	191	164	125	95	15	15	10	21
Long Term Debt	56	34	25	0	2	0	0	0
Short Term Debt	135	130	100	95	14	15	10	21
Trade Payables	192	276	351	330	519	449	453	544
Others Liabilities ⓘ	129	80	87	158	153	164	197	220
Total Liabilities ⓘ	705	784	869	939	1,136	1,161	1,239	1,421
Fixed Assets
Gross Block	205	212	239	347	382	449	502	564
Accumulated Depreciation	96	106	122	157	196	237	276	328
Net Fixed Assetsⓘ	109	106	117	190	186	212	226	236
CWIP ⓘ	0	5	4	10	11	3	86	225
Investmentsⓘ	0	0	0	0	0	0	0	37
Inventories	177	209	264	287	249	326	285	315
Trade Receivables	361	386	392	364	355	390	356	462
Cash Equivalents	23	31	32	7	258	151	164	66
Others Assetsⓘ	34	48	60	81	77	79	123	79
Total Assets ⓘ	705	784	869	939	1,136	1,161	1,239	1,421

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	59	91	132	129	427	-1	190	118
PBT ⓘ	20	98	105	114	162	170	102	96
Adjustment ⓘ	6	68	88	105	86	70	66	72
Changes in Working Capital ⓘ	33	-49	-30	-42	221	-191	57	-44
Tax Paid ⓘ	0	-26	-30	-48	-41	-51	-35	-6
Cash Flow From Investing Activity ⓘ	-6	-22	-31	-51	-151	78	-110	-171
Capex	-6	-25	-34	-52	-36	-42	-114	-140
Net Investments	0	0	0	0	-117	117	-6	-38
Others ⓘ	0	3	3	2	2	3	9	7
Cash Flow From Financing Activityⓘ	-40	-62	-100	-103	-144	-67	-66	-46
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	9	8
Net Proceeds from Borrowing ⓘ	-3	-19	-21	-31	-2	-2	0	0
Interest Paid ⓘ	-3	-25	-23	-26	-16	-8	-9	-11
Dividend Paid ⓘ	0	-11	-21	-27	-27	-42	-42	-32
Others ⓘ	-35	-8	-34	-19	-99	-15	-24	-11
Net Cash Flow ⓘ	13	7	1	-24	133	10	14	-98

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	6.17	28.15	24.33	23.75	29.78	25.81	13.64	12.38
ROCE (%)	5.41	28.03	28.69	31.22	39.32	37.01	21.57	19.05
Asset Turnover Ratio	0.33	2.23	2.33	2.38	2.04	2.21	2.23	2.25
PAT to CFO Conversion(x)	4.92	1.42	1.91	1.63	3.56	-0.01	2.5	1.57
Working Capital Days
Receivable Days	559	82	74	64	62	54	51	50
Inventory Days	273	42	45	47	46	41	42	37
Payable Days	478	82	90	88	109	100	90	93

Orient Electric Ltd Stock News

Orient Electric Ltd FAQs

What is the share price of Orient Electric?

Company share prices are keep on changing according to the market conditions. The closing price of Orient Electric on 14-Nov-2024 16:59 is ₹226.3.

What is the market cap of Orient Electric?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Orient Electric stood at ₹4,800.7.

What is the P/E ratio of Orient Electric?

The latest P/E ratio of Orient Electric as of 14-Nov-2024 16:59 is 77.54.

What is the P/B ratio of Orient Electric?

The latest P/B ratio of Orient Electric as of 14-Nov-2024 16:59 is 7.38.

What is the 52-week high and low of Orient Electric?

The 52-week high of Orient Electric is ₹297.1 and the 52-week low is ₹189.1.

What is the TTM revenue of Orient Electric?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Electric is ₹2,955 ( Cr.) .

About Orient Electric Ltd

Orient Electric Limited (OEL) is part of the diversified Indian conglomerate CK Birla Group. A distinguished name in the Indian fan industry for more than 60 years, OEL has today established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, Lighting, Home Appliances and Switchgears.

Business area of the company

The Company is primarily engaged in manufacture/purchase and sale of Electrical Consumer Durables, Lighting & Switchgear products.

Products

• Fans
• Home appliances
• Lighting
• Switchgear

Awards

2014:

At the Global Brand Excellence Awards hosted by World Brand Congress in Singapore on July 31, 2014, Orient Electric bagged the 'Brand Revitalisation Award 2014' for its innovative 360-degree integrated brand campaign on TV, print, outdoor, digital and social media.
The company's integrated campaign 'The next generation is smarter' bagged the Bronze award at the EFFIE 2014, which took place in Mumbai. The company used various mediums to launch the distinctive campaign including TV, press, outdoor and social media.

2015:

Orient Electric scooped the Safety Champion award for the outstanding achievements in safety management at its Faridabad plant during the 14th annual Greentech Safety Awards ceremony.
Orient Electric bagged the prestigious 'Make in India Awards for Excellence – 2015' in the Consumer Electricals Products category at an event held on August 18, 2015 at Mahatma Mandir, Gandhinagar in Gujarat in presence of Hon'ble Minister, MSME, Ministers from State & Central Government and well-known industrialists.
Orient Electric received the Superbrands status for fans in the year 2015 and was rated amongst the leading 20 percent brands in India across all categories. The poll, which surveyed 17,000 consumers and marketing experts, was conducted by Superbrands India.

2016:

At a grand event held on February 06, 2016 at Radisson Blu, New Delhi, Orient Electric received the prestigious 'Global Quality Award' for 'Quality ENERGY-EFFICIENT Lighting Products Manufacturer of the Year'. The Global Quality Awards recognize the doers and pioneers across manufacturing sector in India.
Orient Electric has been awarded the prestigious ‘Business Superbrand’ status for 2016 by leading independent brand arbiter Superbrands India. Orient Electric emerged as a leader in its segment after an intense evaluation process and ranked amongst 20% of all brands across categories in India.
Orient Electric's Lighting division bagged the 'National Energy and Conservation Awards 2016' for its outstanding energy conservation efforts in TFL category. The prestigious award instituted by the Bureau of Energy Efficiency (BEE) identifies and recognizes prominent achievements in energy conservation.
Orient Electric has been awarded the status of being one of the 'Asia's Greatest Brands 2016' by URS Media Consulting P. L. and AsiaOne. The illustrious award recognizes the most eminent brands and leaders for achieving excellence in their respective industries.

2017:

Amity HR Excellence Award 2017
Orient Electric’s Fans business has been conferred with the Superbrand status for 2017 by leading independent brand arbiter Superbrands India. It emerged as a powerful entity in its category after a thorough evaluation process by eminent professionals in marketing and advertising. Orient Fans has retained the prestigious status for the second time after getting it earlier for the year 2014-15.
Orient Electric has been conferred with the “Best Employer Brand Award” at the Delhi Leadership Awards held in December 2017 at New Delhi. The awards hosted by Employer Branding Institute, World HRD Congress and Stars of the Industry Group recognise organisations which are exemplary in HR practices and use marketing communications effectively in attracting talent, retaining talent, developing talent and in retention policy.

2018:

Orient Electric was conferred with “The Economic Times Promising Brand 2018” award at a mega event held on 23rd March 2018 in Mumbai. Orient emerged as one of the most promising brands of 2018 after an intensive evaluation process wherein the brands were rated on the parameters of Innovation, Consumer Satisfaction, Consistency in Consumer Experience, Brands Awareness and Value Proposition.
Orient Electric Limited bagged the globally acclaimed Golden Peacock Occupational Health & Safety Award (GPOHSA) for the year 2018 at a mega awards ceremony held on 6th July 2018 at New Delhi. This recognition serves as a testimony to Orient Electric’s unwavering commitment to providing a safe and healthy work environment for all its stakeholders.
Orient Electric Limited was conferred with the prestigious “Best Innovative Brand 2018” award at the “ASSOCHAM Brand Science and Excellence Awards” held at Kolkata, West Bengal on 24th August 2018. Orient Electric bagged the award in product innovation category for its revolutionary Aero Series range of aerodynamically designed silent fans.
Orient Electric Limited bagged the TAVF 2018 Best Brand Campaign of the Year award for its integrated communication on LED battens with the campaign line ‘No Choke, No Starter and No Flicker - switch to Orient LED battens’. Promulgating the potential of integrated marketing communication, The Activation Venues Forum (TAVF) awards recognise brands, venues and solution providers in distinct categories across channels.

2019:

Orient Electric Limited was conferred with “The Economic Times Best Brand 2019” award for air coolers at a mega event held on 29th March 2019 in Mumbai. Orient emerged as a leader in the segment as per the consumer survey conducted jointly by The Economic Times and Nielsen.
Orient Electric has received the illustrious consumer validated “Superbrand 2019” status for fans and air coolers. It emerged as a powerful entity in both the categories after a thorough evaluation process by eminent professionals in marketing and advertising. Also, it ranked amongst the top 5% and 10% of all brands across categories in India for fans and air coolers respectively.
Orient Electric has been awarded the status of being one of the 'Asia's Most Promising Brands 2019' by WCRC International in association with iBrands 360 and White Page International.
Orient Electric Limited was conferred with the ‘India Content Leadership 2019’ award for delivering ‘Best Content in a 360-degree Marketing Campaign’ for Orient EyeLuv series LED lights with Flicker Control Technology.

2020:

Orient Electric was conferred with “The Economic Times Best Brand 2020” award at a virtual awards ceremony held on September 30, 2020. The ET Best Brands 2020 celebrates the most eminent Indian brands and their exceptional growth stories.

Milestones

1939: Orient Electric Limited, formerly a division of Orient Paper and Industries Limited (OPIL), was incorporated as Orient Paper Mills Ltd. in 1939. The CK Birla Group started Orient Paper with just one paper machine at Brajrajnagar in Orissa, India.
1954: Orient Fans, the erstwhile Calcutta Electrical Manufacturing Company, became a part of the CK Birla Group in 1954 and was subsequently rechristened Orient Electric in 2014.
1990: Orient Electric developed and patented the revolutionary PSPO (Peak Speed Performance Output) technology in early 90's which changed the industry outlook altogether. In order to improve production, meet the ever-changing needs of the customers, and establish itself as a global market leader, Orient Electric also equipped its manufacturing plants at Faridabad in Haryana and Kolkata in the state of West Bengal with state of the art machinery and technology.
2008: Leveraging its strong brand identity developed over the years, Orient Electric forayed into a new range of electrical products. It started trading of CFLs (compact fluorescent) and FTLs (fluorescent tube) in the year 2007. In 2008, the company set up an advanced manufacturing unit at Faridabad in the state of Haryana dedicated to manufacturing of CFLs and FTLs. It later ventured into LED lighting solutions in 2014 and as of today, it is one of the leading lighting companies in India with a diverse LED-centric portfolio.
2011: Orient Electric ventured into the home appliances market in 2011 with a wide range of products including Air Coolers, Water Heaters, Juicer Mixer Grinders, Mixer Grinders, Toasters, Electric Kettles, Coolers, Induction Cookers, Rice Cookers and Electric Irons. Orient Electric's Home Appliances division today enjoys a pan India presence with a strong distribution network.
2014: The company changed its brand name and identity from 'Orient Electricals' to 'Orient Electric' and consolidated its business verticals of Fans, Lighting and Home Appliances. The brand revamp was done with an aim to establish the company's identity as a one-stop home solutions provider with the next generation customers who make informed buying decisions. As part of the brand repositioning plan, the company also launched a new unified communications campaign 'Switch to smart' and its new logo in the vibrant colour 'orange'. The year also marked the launch of BLDC fans and Orient Electric's entry into LED lighting solutions.
2015: Continuing with its efforts to position itself as one-stop solution provider of lifestyle electrical solutions, Orient Electric forayed into the Switchgear market. Orient Electric’s smart range of energy-efficient LV Switchgear products includes MCB (Miniature Circuit Breakers), RCCB (Residual Current Circuit Breakers), Isolators and Distribution Boards. The company manufactures the Switchgear range at its state of the art manufacturing facility located at Noida in the state of Uttar Pradesh.
2016: Receives BEE star rating for LED lamps
2017: Orient Electric gets demerged from Orient Paper & Industries Limited (OPIL) into a separate listed entity, Orient Electric Limited (OEL). The Scheme of demerger was approved by the Kolkata Bench of the National Company Law Tribunal on November 9, 2017.
2018: On 14th May 2018, Orient Electric Limited got listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
2019: Launched India’s First Smart Ceiling Fan
2020: Orient Electric makes its way into the list of 2020 Fortune India 500 - India’s Largest Corporations. The recognition validates the robustness of company’s business model and is reflective of its ambitious growth journey as a standalone company.