The 6 reports from 2 analysts offering long term price targets for Orient Electric Ltd. have an average target of 206.00. The consensus estimate represents an upside of 15.83% from the last price of 177.85.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-06-03||Orient Electric Ltd.||Edelweiss||191.10||220.00||191.10 (-6.93%)||23.70||Buy|
|2020-06-02||Orient Electric Ltd.||Nirmal Bang Institutional||191.10||192.00||191.10 (-6.93%)||Target met||Accumulate|
Nirmal Bang Institutional
Orient Electric posted revenue of Rs5.6bn in 4QFY20, down 12% YoY but in line with our estimate. Electrical Consumer Durables (ECD) segment's revenue fell 5% YoY to Rs4.5bn (81% of total sales) while Lighting & Switchgears (L&S;) segment's revenue fell 33% YoY to Rs1.1bn, on a high base. Both the segments had witnessed mid-to-high teens growth prior to the lockdown in 4QFY20 led by Fans and Air Coolers (for ECD) and Consumer Luminaires (for L&S;). Gross margin fell 240bps YoY to 30.5% due to adverse product mix and lower sales volume. Lower other expenses (down 39% YoY to Rs572mn) restricted the fall in EBITDA to 8% YoY at Rs652mn. Thus, operating margin rose 50bps YoY to 11.6%, above our estimate of...
|2020-01-29||Orient Electric Ltd.||Nirmal Bang Institutional||234.40||265.00||234.40 (-24.13%)||Target met||Buy|
Nirmal Bang Institutional
Orient Electric posted healthy revenue growth of 18% YoY at Rs5bn in 3QFY20, 5% above our estimate. Electrical Consumer Durables (ECD) segment's revenue rose by 14% YoY to Rs3.3bn (66% of total sales), led by mid-teens value growth in fans and high growth in room heater, water heater, air cooler and kitchen appliances. Lighting and Switchgears (L&S;) segment's sales grew by 26% YoY to Rs1.7bn (34% of total sales), aided by healthy growth in professional luminaires and street lighting. Gross margin was up 150bps YoY and 260bps QoQ at 36.8%, led by favourable product mix due to premiumization. EBITDA jumped by 68% YoY to Rs453mn, leading to an operating margin of 9.1%, up 270bps YoY, aided by higher gross margin and...
|2020-01-28||Orient Electric Ltd.||Edelweiss||245.35||278.00||245.35 (-27.51%)||Target met||Buy|
|2019-10-24||Orient Electric Ltd.||Edelweiss||192.00||220.00||192.00 (-7.37%)||Target met||Buy|
|2019-07-31||Orient Electric Ltd.||Edelweiss||152.85||220.00||152.85 (16.36%)||Target met||Buy|
|2019-05-02||Orient Electric Ltd.||Edelweiss||158.65||220.00||158.65 (12.10%)||Buy|
|2019-01-30||Orient Electric Ltd.||Edelweiss||138.05||180.00||138.05 (28.83%)||Buy|
|2019-01-17||Orient Electric Ltd.||Edelweiss||148.00||180.00||148.00 (20.17%)||Buy|