Orient Electric Ltd. share price target

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 (OEL) reported a robust set of earnings in Q2FY21 as revenue/operating profit/net profit changed

Orient Electric (OEL) reported a disappointing set of earnings in Q1FY21 as revenue/operating profit/net profit fell 68.5%/129.6%/176.7%.

Orient Electric (OEL) reported a mixed set of numbers in Q4FY20 as revenue fell short of our estimate by 6.5%

Orient Electric Ltd (OEL) reported a robust Q3FY20 results as it beats our revenue/EBITDA/PAT estimate by 7.7%/25.6%/29.6%,respectively.

Orient Electric Ltd (OEL) reported a mixed Q2FY20 results as it beats our revenue estimate by 5.9%, but misses our EBITDA estimate by 19.6%.

Orient Electric Ltd (OEL) reported strong Q1FY20 results (Revenue/EBITDA up 12%/8% from our est).

Orient Electric Ltd (OEL) reported disappointing Q4FY19 results (Revenue/EBITDA/PAT down 9%/27%/32% from our estimate.

Orient Electric Ltd (OEL) reported strong revenue growth of 21% y-o-y in Q3FY19, indicating market share gain for seven consecutive quarters.

Orient Electric Ltd (OEL), a part of CK Birla group, is the second-largest fan manufacturers in India.