Financials Orient Electric Limited

Equities

ORIENTELEC

INE142Z01019

Appliances, Tools & Housewares

Delayed NSE India S.E. 03:46:29 13/06/2024 pm IST 5-day change 1st Jan Change
244.8 INR +1.08% Intraday chart for Orient Electric Limited +5.05% +7.87%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,348 41,673 66,085 68,165 57,498 51,677 - -
Enterprise Value (EV) 1 33,274 42,545 63,662 66,807 55,957 41,653 50,474 50,049
P/E ratio 46.6 x 53.1 x 55.3 x 54 x 75.9 x 54.7 x 42.7 x 31.5 x
Yield 0.66% 0.59% 0.64% 0.62% 0.55% 0.78% 0.91% 1.2%
Capitalization / Revenue 1.74 x 2.02 x 3.25 x 2.78 x 2.27 x 1.47 x 1.6 x 1.4 x
EV / Revenue 1.78 x 2.06 x 3.13 x 2.73 x 2.21 x 1.48 x 1.56 x 1.35 x
EV / EBITDA 23.6 x 24.1 x 29 x 28.9 x 37.1 x 28.9 x 21.6 x 16.9 x
EV / FCF 34.1 x 55.5 x 16.3 x -214 x 73.7 x -73.6 x 42.8 x 30.7 x
FCF Yield 2.93% 1.8% 6.15% -0.47% 1.36% -1.36% 2.34% 3.26%
Price to Book 10.6 x 11.6 x 14.5 x 12.6 x 9.85 x 6.45 x 7.24 x 6.43 x
Nbr of stocks (in thousands) 2,12,186 2,12,186 2,12,186 2,12,186 2,12,719 2,13,366 - -
Reference price 2 152.4 196.4 311.4 321.2 270.3 242.2 242.2 242.2
Announcement Date 30/04/19 01/06/20 12/05/21 10/05/22 17/05/23 09/05/24 - -
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 28,121 32,382 36,951
EBITDA 1 1,413 1,764 2,195 2,313 1,510 1,443 2,340 2,957
EBIT 1 1,182 1,363 1,764 1,842 974.8 853 1,672 2,241
Operating Margin 6.34% 6.61% 8.68% 7.53% 3.85% 3.03% 5.16% 6.06%
Earnings before Tax (EBT) 1 1,049 1,143 1,619 1,698 1,019 962.6 1,605 2,189
Net income 1 693.1 786.2 1,197 1,266 758.5 752.7 1,205 1,642
Net margin 3.72% 3.81% 5.89% 5.17% 3% 2.68% 3.72% 4.44%
EPS 2 3.270 3.700 5.630 5.950 3.560 3.530 5.669 7.693
Free Cash Flow 1 975.1 766 3,914 -312.9 758.8 -566.2 1,179 1,631
FCF margin 5.23% 3.72% 19.25% -1.28% 3% -2.01% 3.64% 4.41%
FCF Conversion (EBITDA) 69.02% 43.42% 178.29% - 50.26% 5.11% 50.4% 55.14%
FCF Conversion (Net income) 140.69% 97.43% 326.85% - 100.04% 9.66% 97.84% 99.29%
Dividend per Share 2 1.000 1.150 2.000 2.000 1.500 1.500 2.202 2.896
Announcement Date 30/04/19 01/06/20 12/05/21 10/05/22 17/05/23 09/05/24 - -
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 2025 Q1
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 7,936
EBITDA 1 841.9 968.1 184.2 618.8 664.6 806.4 381.5 116.1 548.6 463.6 440 324 531.4 577.3 525
EBIT - - - - 546.2 687.4 - - - - - 79 442 522 360
Operating Margin - - - - 8.05% 9.12% - - - - - 1.39% 5.8% 6.62% 4.54%
Earnings before Tax (EBT) 1 - 844.8 68.1 465.5 509.3 654.7 253.9 1.3 435.8 - 266 53 358.5 375.7 338
Net income 1 - 626.7 50.1 347.7 380.8 487.8 189.5 -2.8 325.6 246.2 196.9 126.8 301 306.7 253
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% 3.19%
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 1.200
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 29/01/21 12/05/21 29/07/21 23/10/21 20/01/22 10/05/22 25/07/22 03/11/22 30/01/23 17/05/23 02/08/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 926 872 - - - 453 - -
Net Cash position 1 - - 2,423 1,358 1,541 711 1,203 1,628
Leverage (Debt/EBITDA) 0.6554 x 0.4944 x - - - 0.3135 x - -
Free Cash Flow 1 975 766 3,914 -313 759 -566 1,179 1,631
ROE (net income / shareholders' equity) 24.3% 23.6% 29.4% 25.4% 13.5% 12.3% 17.7% 21.8%
ROA (Net income/ Total Assets) - 8.5% 11.3% 10.8% 6.19% 5.54% 9.8% 14.9%
Assets 1 - 9,249 10,614 11,749 12,260 13,587 12,297 11,021
Book Value Per Share 2 14.40 16.90 21.50 25.50 27.40 29.90 33.40 37.70
Cash Flow per Share 2 - - - - 8.900 5.550 8.510 10.90
Capex 1 345 526 359 427 1,139 1,749 584 533
Capex / Sales 1.85% 2.55% 1.77% 1.74% 4.5% 6.22% 1.8% 1.44%
Announcement Date 30/04/19 01/06/20 12/05/21 10/05/22 17/05/23 09/05/24 - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
242.2 INR
Average target price
249.5 INR
Spread / Average Target
+3.03%
Consensus
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