NSE: ORIENTELEC | BSE: 541301

Expensive Underperformer

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199.83 2.66 (1.35%)

New 52W Low in past week

63,250 NSE+BSE Volume

NSE 08 Apr, 2025 3:31 PM (IST)

4,263.7

Market Cap

Below industry Median

0.8

Beta 1Year

Very Low volatility

Orient Electric Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ORIENTELEC, BSE:541301 Orient Electric Ltd.

Orient Electric Ltd.

31 Jan 2023

199.83

1.35%

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.

10 Jan 2023

199.83

1.35%

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. has an average target of 270.00 from 2 brokers.

Orient Electric Ltd.

04 Nov 2022

199.83

1.35%

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.

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

26 Jul 2022

199.83

1.35%

Orient Electric (HOLD): Headwinds in core portfolio, maintain HOLD

Hold: Orient Electric Ltd.

BOB Capital Markets Ltd.

Q1 gross margin maintained but EBITDA margin drained by higher A&P spend (+108% YoY) and logistics & warranty expense (+87% YoY)

Orient Electric Ltd. is trading below all available SMAs

Orient Electric Ltd.

04 Jul 2022

199.83

1.35%

Orient Electric (HOLD): Annual report analysis Strategic initiatives paying off

Hold: Orient Electric Ltd.

Target

BOB Capital Markets Ltd.

Targeting key growth drivers such as greater reach in South India, channel diversification and innovation-led product development

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

Orient Electric Ltd.

11 May 2022

199.83

1.35%

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

199.83

1.35%

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 270.00 from 2 brokers.

Orient Electric Ltd.

25 Oct 2021

199.83

1.35%

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

199.83

1.35%

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...