ORIENT ELECTRIC LIMITED Financials Orient Electric Limited Bombay S.E.
Equities
ORIENTELEC
INE142Z01019
Appliances, Tools & Housewares
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 218.6 INR | -0.30% |
|
+0.69% | -3.59% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 32,348 | 41,673 | 66,085 | 68,165 | 57,498 | 46,610 | - | - |
| Enterprise Value (EV) 1 | 33,274 | 42,545 | 63,662 | 66,807 | 55,957 | 45,899 | 45,236 | 44,608 |
| P/E ratio | 46.6 x | 53.1 x | 55.3 x | 54 x | 75.9 x | 52.5 x | 34.9 x | 26.7 x |
| Yield | 0.66% | 0.59% | 0.64% | 0.62% | 0.55% | 0.94% | 1.13% | 1.3% |
| Capitalization / Revenue | 1.74 x | 2.02 x | 3.25 x | 2.78 x | 2.27 x | 1.65 x | 1.44 x | 1.28 x |
| EV / Revenue | 1.78 x | 2.06 x | 3.13 x | 2.73 x | 2.21 x | 1.62 x | 1.4 x | 1.22 x |
| EV / EBITDA | 23.6 x | 24.1 x | 29 x | 28.9 x | 37.1 x | 26.3 x | 18.2 x | 14.6 x |
| EV / FCF | 34.1 x | 55.5 x | 16.3 x | -214 x | 73.7 x | 514 x | 39.6 x | 26.3 x |
| FCF Yield | 2.93% | 1.8% | 6.15% | -0.47% | 1.36% | 0.19% | 2.53% | 3.8% |
| Price to Book | 10.6 x | 11.6 x | 14.5 x | 12.6 x | 9.85 x | 7.38 x | 6.6 x | 5.7 x |
| Nbr of stocks (in thousands) | 212,186 | 212,186 | 212,186 | 212,186 | 212,719 | 213,366 | - | - |
| Reference price 2 | 152.4 | 196.4 | 311.4 | 321.2 | 270.3 | 218.4 | 218.4 | 218.4 |
| Announcement Date | 4/30/19 | 6/1/20 | 5/12/21 | 5/10/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,644 | 20,618 | 20,326 | 24,484 | 25,292 | 28,322 | 32,349 | 36,515 |
| EBITDA 1 | 1,413 | 1,764 | 2,195 | 2,313 | 1,510 | 1,748 | 2,491 | 3,046 |
| EBIT 1 | 1,182 | 1,363 | 1,764 | 1,842 | 974.8 | 1,178 | 1,807 | 2,345 |
| Operating Margin | 6.34% | 6.61% | 8.68% | 7.53% | 3.85% | 4.16% | 5.59% | 6.42% |
| Earnings before Tax (EBT) 1 | 1,049 | 1,143 | 1,619 | 1,698 | 1,019 | 1,182 | 1,778 | 2,317 |
| Net income 1 | 693.1 | 786.2 | 1,197 | 1,266 | 758.5 | 924.6 | 1,332 | 1,736 |
| Net margin | 3.72% | 3.81% | 5.89% | 5.17% | 3% | 3.26% | 4.12% | 4.76% |
| EPS 2 | 3.270 | 3.700 | 5.630 | 5.950 | 3.560 | 4.165 | 6.266 | 8.172 |
| Free Cash Flow 1 | 975.1 | 766 | 3,914 | -312.9 | 758.8 | 89.27 | 1,144 | 1,697 |
| FCF margin | 5.23% | 3.72% | 19.25% | -1.28% | 3% | 0.32% | 3.54% | 4.65% |
| FCF Conversion (EBITDA) | 69.02% | 43.42% | 178.29% | - | 50.26% | 5.11% | 45.91% | 55.71% |
| FCF Conversion (Net income) | 140.69% | 97.43% | 326.85% | - | 100.04% | 9.66% | 85.83% | 97.74% |
| Dividend per Share 2 | 1.000 | 1.150 | 2.000 | 2.000 | 1.500 | 2.043 | 2.479 | 2.847 |
| Announcement Date | 4/30/19 | 6/1/20 | 5/12/21 | 5/10/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,183 | 8,017 | 4,223 | 5,944 | 6,784 | 7,533 | 6,216 | 5,106 | 7,390 | 6,579 | 7,056 | 5,675 | 7,615 | 7,888 |
| EBITDA 1 | 841.9 | 968.1 | 184.2 | 618.8 | 664.6 | 806.4 | 381.5 | 116.1 | 548.6 | 463.6 | 440 | 324 | 531.4 | 577.3 |
| EBIT | - | - | - | - | 546.2 | 687.4 | - | - | - | - | - | 79 | 442 | 522 |
| Operating Margin | - | - | - | - | 8.05% | 9.12% | - | - | - | - | - | 1.39% | 5.8% | 6.62% |
| Earnings before Tax (EBT) 1 | - | 844.8 | 68.1 | 465.5 | 509.3 | 654.7 | 253.9 | 1.3 | 435.8 | - | 266 | 53 | 358.5 | 375.7 |
| Net income 1 | - | 626.7 | 50.1 | 347.7 | 380.8 | 487.8 | 189.5 | -2.8 | 325.6 | 246.2 | 196.9 | 126.8 | 301 | 306.7 |
| Net margin | - | 7.82% | 1.19% | 5.85% | 5.61% | 6.48% | 3.05% | -0.05% | 4.41% | 3.74% | 2.79% | 2.23% | 3.95% | 3.89% |
| EPS 2 | - | - | 0.2400 | 1.640 | 1.790 | 2.290 | 0.8900 | -0.0100 | 1.530 | 1.160 | 0.9200 | 0.4667 | 1.268 | 1.400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/29/21 | 5/12/21 | 7/29/21 | 10/23/21 | 1/20/22 | 5/10/22 | 7/25/22 | 11/3/22 | 1/30/23 | 5/17/23 | 8/2/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 926 | 872 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 2,423 | 1,358 | 1,541 | 711 | 1,373 | 2,002 |
| Leverage (Debt/EBITDA) | 0.6554 x | 0.4944 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 975 | 766 | 3,914 | -313 | 759 | 89.3 | 1,144 | 1,697 |
| ROE (net income / shareholders' equity) | 24.3% | 23.6% | 29.4% | 25.4% | 13.5% | 14.4% | 19.7% | 22.8% |
| ROA (Net income/ Total Assets) | - | 8.5% | 11.3% | 10.8% | 6.19% | 6.2% | 9.8% | 14.9% |
| Assets 1 | - | 9,249 | 10,614 | 11,749 | 12,260 | 14,912 | 13,595 | 11,654 |
| Book Value Per Share 2 | 14.40 | 16.90 | 21.50 | 25.50 | 27.40 | 29.60 | 33.10 | 38.30 |
| Cash Flow per Share 2 | - | - | - | - | 8.900 | 5.460 | 8.510 | 11.10 |
| Capex 1 | 345 | 526 | 359 | 427 | 1,139 | 983 | 584 | 553 |
| Capex / Sales | 1.85% | 2.55% | 1.77% | 1.74% | 4.5% | 3.47% | 1.8% | 1.51% |
| Announcement Date | 4/30/19 | 6/1/20 | 5/12/21 | 5/10/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
218.4
INR
Average target price
255.8
INR
Spread / Average Target
+17.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.73% | 64.53B | |
| +44.10% | 34.55B | |
| +25.62% | 9.03B | |
| -1.59% | 6.63B | |
| +11.11% | 6.44B | |
| +1.11% | 5.11B | |
| +9.28% | 4.71B | |
| -8.53% | 3.34B | |
| +2.63% | 2.49B |
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