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.

12 May 2022

204.77

1.46%

Earnings Call for Q4FY22 of Orient Electric

Conference Call with Orient Electric Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.

Orient Electric Ltd.

11 May 2022

204.77

1.46%

Orient Electric (HOLD): Premiumisation is key

Hold: Orient Electric Ltd.

BOB Capital Markets Ltd.

ECD weakness hurt Q4 topline growth; aggressive price hikes helped to sustain gross margin despite RM cost pressure

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

23 Jan 2022

204.77

1.46%

Revenue in line with our estimate, ad spends normalize

Buy: Orient Electric Ltd.

Motilal Oswal

Underlying demand remains steady, channel restocking likely in 4QFY22 Revenue rose 10% YoY to INR6.8b and was ~5% below our estimate. Twoyear CAGR stood strong at 17%. Adjusted PAT fell 27% YoY to INR381m and was 16% below our estimate, driven by higher than expected ad spends...

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

20 Jan 2022

204.77

1.46%

Orient Electric Q3 profit down 27% to Rs 38 crore

Moneycontrol

The CK Birla Group firm posted a net profit of Rs 51.94 crore in October-December 2020-21, Orient Electric Ltd (OEL) said in a regulatory filing.

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

18 Nov 2021

204.77

1.46%

Accumulate Orient Electric; target of Rs 426: Arihant Capital

Moneycontrol

Arihant Capital recommended accumulate rating on Orient Electric with a target price of Rs 426 in its research report dated November 17, 2021.

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

26 Oct 2021

204.77

1.46%

Neutral Orient Electric; target of Rs 500: Motilal Oswal

Moneycontrol

Motilal Oswal recommended Neutral rating on Orient Electric with a target price of Rs 500 in its research report dated October 25, 2021.

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

25 Oct 2021

204.77

1.46%

Gross margin pressure offset by operating leverage

Buy: Orient Electric Ltd.

Target

Motilal Oswal

Revenue grew 37% YoY and came in 19% above our estimate. While the surge in commodity prices led to a 480bp YoY deterioration in gross margin, strong volume growth, led by operating leverage, cushioned the impact at the EBITDA margin level v/s our expectation. EBITDA grew 7% YoY and was 31% ahead of our expectation. Adjusted PAT grew by 7% and came in 46% ahead of our expectation. Working capital stood elevated owing to higher inventory in anticipation of global supply chain shortages and possibility of a third COVID wave. The...

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

31 Jul 2021

204.77

1.46%

Revenue surprised positively, demand holding up well

Buy: Orient Electric Ltd.

Motilal Oswal

Revenue came in 6% above our estimate in 1QFY22. Commodity cost inflation impacted the ECD segment the most. However, OEL's cost saving program Sanchay' arrested the decline in gross margin. EBITDA margin stood 110bp below our estimate of 6.4% due to commodity cost inflation pressures and negative operating leverage. Adjusted profit stood at INR50m v/s our estimate of INR79m. Working capital stood elevated owing to higher inventory and marginal increase in receivables. While working capital days is expected to...

Orient Electric Ltd. has an average target of 264.33 from 3 brokers.

Orient Electric Ltd.

31 Jul 2021

204.77

1.46%

Revenue surprised positively, demand holding up well

Buy: Orient Electric Ltd.

Motilal Oswal

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

14 May 2021

204.77

1.46%

Orient Electric's Q4 growth momentum strong, but near-term covid worries persist

livemint

The company's fourth quarter results are encouraging. For the March quarter (Q4FY21), revenues have increased as much as 42% year-on-year to 802 crore

Orient Electric Ltd. is trading below all available SMAs

Is Orient Electric Ltd. worth buying?

184 Votes:

Buy 79.89%

Sell 10.33%

Hold 9.78%

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