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Orient Electric Ltd.
(ORIENTELEC)
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Rating:62Neutral
Price Target:
₹210.00
▲(22.84% Upside)
Action:Reiterated
Date:10/16/26
The score is driven primarily by stable financial footing (low leverage) but constrained by thin margins and uneven cash-flow conversion. Technicals show a strong uptrend, though overbought signals increase near-term risk. Valuation is a notable headwind given the high P/E and low yield, while the latest earnings call adds support through upbeat growth and margin-improvement guidance tempered by inflation and working-capital pressures.
Positive Factors
Conservative Balance Sheet
Very low leverage reduces financial risk and gives Orient Electric flexibility to fund distribution, product development, and capacity initiatives without relying heavily on debt. Growing assets and equity, alongside healthy low-teens returns on equity, support resilience over the next several quarters.
Negative Factors
Thin Profit Margins
Persistently low net and operating margins leave limited room for execution errors, input-cost shocks, or weaker demand. Even with recent improvement, profitability remains below earlier levels, so sustained earnings expansion depends on mix, productivity, and successful delivery of management's longer-term margin ambitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage reduces financial risk and gives Orient Electric flexibility to fund distribution, product development, and capacity initiatives without relying heavily on debt. Growing assets and equity, alongside healthy low-teens returns on equity, support resilience over the next several quarters.
Read all positive factors
Orient Electric Ltd. (ORIENTELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.89B
Dividend Yield0.8%
Average Volume (3M)114.56K
Price to Earnings (P/E)32.0
Beta (1Y)1.06
Revenue Growth16.93%
EPS Growth41.82%
CountryIN
Employees1,204
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.86
Shares Outstanding213,365,900
10 Day Avg. Volume239,428
30 Day Avg. Volume114,556
Financial Highlights & Ratios
PEG Ratio2.30
Price to Book (P/B)4.39
Price to Sales (P/S)1.00
P/FCF Ratio44.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.3
Revenue Forecast (FY)₹38.04B
Orient Electric Ltd. Business Overview & Revenue Model
Company Description
Orient Electric Limited manufactures, purchases, and sells electrical consumer durables, and lighting and switchgear products in India and internationally. The company offers ceiling, portable, airflow, wall, pedestal, lifestyle, table, exhaust, a...
How the Company Makes Money
Orient Electric makes money primarily by selling finished consumer electrical products under its own brands across multiple categories. Its core revenue streams typically include: (1) Fans: revenue from the sale of ceiling, pedestal, wall, and oth...
Orient Electric Ltd. Earnings Call Summary
Earnings Call Date:Oct 15, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Feb 03, 2027
Earnings Call Sentiment Positive
The call was strongly positive on revenue growth, market-share gains, product innovation, digital momentum, EBITDA and PAT expansion, distribution execution, and the longer-term growth outlook. The main challenges were persistent commodity inflation, gross-margin pressure, incomplete cost absorption, higher working capital days, slower B2B growth, and supply-chain uncertainty. Management remained confident while acknowledging that margin recovery and the double-digit EBITDA-margin ambition depend on inflation moderating and continued execution.Positive Updates
Broad-Based Revenue Growth
Q2 revenue increased 25.2% year-on-year to INR 879 crore. H1 revenue grew 24.3% to INR 1,829 crore, with management stating that growth included double-digit volume growth across categories and was not solely price-led.
Negative Updates
Persistent Commodity Inflation
Copper and aluminum inflation, crude-price movements, and broader commodity increases continued to pressure raw-material costs and gross margins. Management said steel had moved from about 65 to about 80+, plastics had increased, copper was touching a new high every two weeks, and aluminum remained volatile.
Read all updates
Q2-2027 Updates
Positive
Negative
Broad-Based Revenue Growth
Q2 revenue increased 25.2% year-on-year to INR 879 crore. H1 revenue grew 24.3% to INR 1,829 crore, with management stating that growth included double-digit volume growth across categories and was not solely price-led.
Read all positive updates
Company Guidance
Management said double-digit EBITDA margin remains the aspiration, with EBITDA expected to trend “far closer to that” “at some point in the next four to six quarters, at least in H2 onwards”; revenue guidance is “more than 15% of CAGR,” potentially a “slightly more aggressive number than what we had given earlier”; working capital “in the next four or six quarters” should return to “about 20 days”; Project Sanchay, at approximately INR 23 crore for H1 versus “close to about INR 70 crore” last year, “should cross the last year's number”; long-run gross margin guidance remains “about 32%”; Hyderabad utilization is expected to improve in Q3, Q4, with “about a 20 basis point, 30 basis point” benefit at steady state; and wires expansion is planned over “the next six to eight quarters.”Orient Electric Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.84B | 33.26B | 30.94B | 28.12B | 25.29B | 24.48B |
| Gross Profit | 8.05B | 6.51B | 9.94B | 8.09B | 7.05B | 4.21B |
| EBITDA | 2.64B | 2.29B | 2.04B | 1.75B | 1.74B | 2.34B |
| Net Income | 1.25B | 958.40M | 832.10M | 752.70M | 758.50M | 1.27B |
Balance Sheet | ||||||
| Total Assets | 16.91B | 16.67B | 15.55B | 14.51B | 12.65B | 11.87B |
| Cash, Cash Equivalents and Short-Term Investments | 608.80M | 929.50M | 688.70M | 1.03B | 1.66B | 1.50B |
| Total Debt | 1.08B | 933.50M | 864.30M | 1.12B | 972.50M | 675.40M |
| Total Liabilities | 8.86B | 9.07B | 8.60B | 8.12B | 6.80B | 6.46B |
| Stockholders Equity | 8.05B | 7.60B | 6.94B | 6.39B | 5.85B | 5.41B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 756.20M | 322.60M | -566.20M | 758.80M | -312.90M |
| Operating Cash Flow | 0.00 | 1.10B | 875.50M | 1.18B | 1.90B | 113.70M |
| Investing Cash Flow | 0.00 | -754.40M | -290.00M | -1.71B | -1.10B | 782.00M |
| Financing Cash Flow | 0.00 | -546.60M | -719.60M | -456.90M | -661.30M | -796.50M |
Orient Electric Ltd. Technical Analysis
Positive
170.95
Price Trends
175.54
Positive
176.44
Positive
175.93
Positive
Market Momentum
5.13
Negative
59.40
Neutral
34.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ORIENTELEC, the sentiment is Positive. The current price of 170.95 is below the 20-day moving average (MA) of 175.50, below the 50-day MA of 175.54, and below the 200-day MA of 175.93, indicating a bullish trend. The MACD of 5.13 indicates Negative momentum. The RSI at 59.40 is Neutral, neither overbought nor oversold. The STOCH value of 34.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ORIENTELEC.
Orient Electric Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹62.07B | 34.52 | ― | ― | 12.45% | 5.84% | |
62 Neutral | ₹39.89B | 31.96 | ― | 0.80% | 16.93% | 41.82% | |
62 Neutral | ₹130.71B | -74.73 | ― | 1.48% | 12.09% | -137.18% | |
62 Neutral | ₹105.70B | 42.04 | ― | 0.60% | 6.03% | -30.48% | |
59 Neutral | ₹42.18B | 26.31 | ― | ― | 14.29% | 16.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹33.65B | -77.63 | ― | 1.03% | -5.30% | -140.84% |
* General Sector Average
IN:ORIENTELEC
Orient Electric Ltd.
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-11.49%
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Orient Electric Ltd. Corporate Events
Orient Electric posts earnings call recording for September 2026 period
Oct 15, 2026
Orient Electric Ltd., part of the CK Birla Group, is a listed Indian consumer electricals company known for products such as fans and lighting, serving both retail and institutional markets across the country. It operates from New Delhi with a reg...
Orient Electric Publishes Q1 FY 2026-27 Unaudited Results in Newspapers
Jul 23, 2026
Orient Electric Ltd. notified the stock exchanges that it has published newspaper advertisements detailing its unaudited financial results for the first quarter of FY 2026-27, ended June 30, 2026. The results were carried in national daily Financi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.