Orient Electric Ltd. News and Updates

Name: Latest research reports of Orient Electric Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: Orient Electric Ltd.
Rating: 3
Author: BOB Capital Markets Ltd.

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Orient Electric Ltd.

28 Feb 2023

214.33

-0.25%

Orient Electric expects good growth from fans, coolers as summer approaches

Business Standard

As summer sets in with predictions of harsh temperatures, CK Birla firm Orient Electric expects a good growth in revenue in FY24 from its fans and cooler business, MD & CEO Rakesh Khanna said. With summer approaching, Orient Electric Ltd (OEL) expects a "natural drift" in growth coming from the fan segment, housing segment and the replacement market. "Lighting will also grow well for us as in B2B, we are growing fast. Coolers, in the last three years, have faced headwinds because of COVID and this is the first year after COVID... Summer is likely to be very good, so cooler is going to do very well," Khanna told PTI. Asked about early trends from its dealers and channel partners, he said for cooler, growth is taking place. "For fan, January was muted but now it is taking off." OEL operates in consumer durables, lighting and switchgear products. In 2021-22, its revenue from operations was Rs 2,448 crore. It has two segments, Electrical Consumer Durables (ECD), which contributed 73 .

Orient Electric Ltd. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

31 Jan 2023

214.33

-0.25%

Orient Electric Results Earnings Call for Q3FY23

Conference Call with Orient Electric Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Orient Electric Ltd.

31 Jan 2023

214.33

-0.25%

Orient Electric Standalone December 2022 Net Sales at Rs 739.04 crore, up 8.95% Y-o-Y

Moneycontrol

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Orient Electric Ltd. is trading below its 50 day SMA of 214.8

Orient Electric Ltd.

31 Jan 2023

214.33

-0.25%

Orient Electric (HOLD): Back on track with Q3 rebound

Hold: Orient Electric Ltd.

Target

BOB Capital Markets Ltd.

Topline boosted by better ECD performance; profitability turns positive with sequential margin expansion

Orient Electric Ltd. is trading below its 50 day SMA of 214.8

Orient Electric Ltd.

31 Jan 2023

214.33

-0.25%

Benefits of investments in direct distribution visible

Accumulate: Orient Electric Ltd.

ICICI Securities Limited

Orient had commenced transition to direct to market (DTM) distribution to reduce dependence on wholesale and super distribution in FY22. We note there are visible benefits of this strategy with 60% revenue growth YoY in states where shift to DTM is complete.

Orient Electric Ltd. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

30 Jan 2023

214.33

-0.25%

to see Rapid results content

Orient Electric Ltd.

10 Jan 2023

214.33

-0.25%

Multiple transitory issues to impact near-term performance; long-term growth potential intact

Accumulate: Orient Electric Ltd.

ICICI Securities Limited

Orient is facing multiple transitory issues such as (1) introduction of BEE norms in fans, (2) steep volatility in raw material prices and (3) restructuring of distribution network.

Orient Electric Ltd. is trading above its 30 day SMA of 210.4

Orient Electric Ltd.

09 Nov 2022

214.33

-0.25%

Orient Electric Standalone September 2022 Net Sales at Rs 510.59 crore, down 14.1% Y-o-Y

Moneycontrol

NULL

Orient Electric Ltd. is trading above its 30 day SMA of 210.4

Orient Electric Ltd.

07 Nov 2022

214.33

-0.25%

Broker's Call: Orient Electric (Buy)

Business Line

BNP Paribas

Orient Electric Ltd. is trading below its 50 day SMA of 214.8

Orient Electric Ltd.

04 Nov 2022

214.33

-0.25%

Multiple one-offs impacted fan sales; distribution restructuring to drive growth in medium term

Accumulate: Orient Electric Ltd.

ICICI Securities Limited

Orient reported revenue decline of 14.1% YoY in Q2FY23 due to decline in the fan
segment. Temporary destocking of fans by the channel due to change in BEE norms impacted segmental sales.