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Orient Electric Ltd share Price Today

Company details

219.00
233.50
189.00
262.00
6M Return 5.93%
1Y Return 4.68%
Mkt Cap.(Cr) 4,894.62
Volume 1,174,440
Div Yield 0.65%
OI
-
OI Chg %
-
Volume 1,174,440

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Consumer electronics firm Orient Electric announced Q3FY23 results:

  • Q3FY23:
    • Sales Rs 739 crore up 8.9% YoY, up 44.7% QoQ, up 14.2% 3Y CAGR.
    • ECD Rs 539 crore up 11.9% YoY, up 73.8% QoQ, up 18.4% 3Y CAGR.
    • Lighting & Switchgear Rs 200 crore up 1.6% YoY, down -0.2% QoQ, up 5.4% 3Y CAGR.
    • Gross Profit Rs 212 crore up 13.0% YoY, up 57.6% QoQ, up 28.6% Gross Margin ( 102bps YoY; 234bps QoQ).
    • EBITDA Rs 55 crore down -17.5% YoY, up 372.9% QoQ, 7.4% EBITDA Margin (-237bps YoY; 515bps QoQ).
    • PAT Rs 32 crore down -14.5% YoY, 4.4% PAT Margin (-121bps YoY; 447bps QoQ).
    • Net Cash Position Rs 196 crore up 133% YoY.

Result PDF

View Other Company Results

Orient Electric Ltd shares SWOT Analysis

Strengths (7)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 235.6
R2 241.8
R3 250.1
Pivot

227.30

S1 221.1
S2 212.8
S3 206.6
EMA SMA
219.5
215.5
215.3
221.1
220.5
211.5
213.6
219.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2023-07-28 222 2968193 NSE
UNIFI CAPITAL PRIVATE LIMITED Bulk Sell 2023-07-28 222 2000000 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 272.95 382602 BSE
Name Category Shares
CHANDRA KANT BIRLA PROMOTER 1.63%
NIRMALA BIRLA PROMOTER 1.59%
CENTRAL INDIA INDUSTRIES LIMITED PROMOTER 24.63%
SHEKHAVATI INVESTMENTS AND TRADERS LTD. PROMOTER 6.02%
HINDUSTHAN DISCOUNTING COMPANY LIMITED PROMOTER 1.08%
GWALIOR FINANCE CORPORATION LIMITED PROMOTER 0.79%
AMER INVESTMENTS (DELHI) LIMITED PROMOTER 0.67%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Orient Electric Ltd Stocks COMPARISON

Financials( in Cr) Orient Electric Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 229.40 1,889.85 9,298.20 1,371.55 1,485.15
% Change 4.11 1.93 0.78 1.78 -2.65
Mcap Cr 4,894.62 118,433.69 55,623.69 45,382.53 30,536.91
Revenue TTM Cr 2,676.07 16,910.73 12,192.01 9,498.77 7,977.32
Net Profit TTM Cr 75.85 1,071.73 255.08 136.22 400.69
PE TTM 79.46 93.16 151.37 179.86 73.43
1 Year Return 4.68 51.22 183.86 70.21 113.87
ROCE 18.29 21.93 23.60 9.54 23.89
ROE 13.47 16.97 22.36 4.46 23.42
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 584.64 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31

Orient Electric Ltd Information

Stock PE (TTM)
79.46
Promoter Holding
38.31%
Book Value
29.9451
ROCE
18.29%
ROE
13.47%
Description
  • Orient Electric Limited is an electric equipment manufacturer involved in producing and marketing electric fans, lighting equipment, home appliances, and switchgear. The company, founded in 1954, is a part of the CK Birla Group and has manufacturing facilities in Kolkata, Noida, and Faridabad. The company has its headquarters in New Delhi and a presence in more than 35 countries.

    On 5 January 2023, the market capitalisation of the company was Rs 5,621.10 crore. It reported consolidated sales of Rs 2,542 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 541301 and the National Stock Exchange with the code ORIENTELEC.

    On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 38.42%, a 0% stake of foreign institutional investors (FIIs), while mutual funds and domestic institutional investors (DIIs) held a consolidated stake of 26.95%, and the public held a stake of 34.6% in the company. The company’s shareholding pattern has remained largely consistent over the past year, with the exception that the FII stake in the company has gone down from around 9% to nil. 

    The company’s board of directors comprises Chandra Kant Birla, Desh Deepak Khetrapal, Rakesh Khanna, Alka Marezban Bharucha, K Pradeep Chandra and TCA Ranganathan, and others. The auditors of the company are S R Batliboi & Co. LLP. On 30 September 2022, the company had a total of 21.27 crore shares outstanding.

    On 5 January 2023, Orient Electric Limited’s share price on BSE was Rs 264.00 and Rs 264.20 on NSE. The share price touched a 52-week high of Rs 381.00 and a 52-week low of Rs 244. Its three-month return to investors was -2.56%, while its one-year return was -28%.

    In the first quarter of FY23, the company announced that it achieved revenue growth of 14% CAGR over the past five years. The company’s EBITDA was reported to be in line with pre-COVID levels. The company’s sales of water coolers and heaters saw strong growth. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Unit VIII Plot No 7, Bhoinagar, Bhubaneswar, Orissa, 751012

Tel : 91-674-2396930
Email : hitesh.jain:orientelectric.com
Website : http://www.orientelectric.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 541301
NSE Code : ORIENTELEC
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE142Z01019

FAQ’s on Orient Electric Ltd Shares

You can buy Orient Electric Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Orient Electric Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Orient Electric Ltd was Rs.229.40.

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 May 24, 2024 03:59 PM, the market cap of Orient Electric Ltd stood at Rs. 4,894.62.

The latest PE ratio of Orient Electric Ltd as of May 24, 2024 03:59 PM is 79.46

The latest PB ratio of Orient Electric Ltd as of May 24, 2024 03:59 PM is 0.13

The 52-week high of Orient Electric Ltd share price is Rs. 262.00 while the 52-week low is Rs. 189.00

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