Orient Electric Share Price
Orient Electric Ltd.
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About Orient Electric
In 1954, CK Birla Group, an Indian conglomerate, acquired Orient Electric Limited. The firm has made a name for itself as a reliable resource for a wide range of electrical products, including but not limited to fans, lights, household appliances, switchgear, and more. The Company, a wholly owned subsidiary of Orient Paper & Industries Ltd., was established on October 10, 2016. (OPIL). The National Company Law Tribunal has authorized the Scheme of Arrangement that was submitted to demerge the consumer electric business of the holding Company (OPIL) by transferring the same on a going concern basis to the Company as of March 1, 2017.
Following the demerger, the Company is no longer a wholly owned subsidiary of OPIL, and all shares held by the demerged Company are canceled according to the Scheme of Arrangement.
Company operations include the production, procurement, and retail of electrical consumer durables, namely in the areas of lighting and switchgear. It now operates factories in Faridabad, Noida, and Kolkata. It also released inverter air coolers that save electricity in March 2020. Ultimo Knight Desert Coolers, aluminum Coolers, and inverter Air Coolers were among the four new offerings in this category. Glassline released a new line of water heaters with smart connectivity capabilities that year.
New gas-powered water heaters have also been introduced. Toasters, induction stoves, coffee makers, and more are all part of a brand-new Breakfast collection of home equipment. In July 2019, it debuted a new lighting line called EyeLuv. Energy-independent operation. In September this year, wireless bells activated by a physical bell push were released. In December 2019, it released IoT-enabled smart plugs, allowing appliances and equipment to be operated wirelessly through smartphones and voice-control devices. The Stella line of modular switches was introduced in the Company's 2021 fiscal year.
To maximize revenue in Odisha and Bihar, the Company restructured its fan distribution system during the fiscal year 2022. These modifications to OEL's distribution system aim to increase the company's share in these markets. Further, it aimed to acquire and strengthen an underpenetrated market by expanding its fan distribution network inside South India.
It started purchasing property in Hyderabad for a greenfield project in the fiscal year of 2022. Notable investments were made in the establishment of a Research and Development Center in Faridabad, the expansion of a Driver Plant and an LED lighting facility in Noida, the layout of the Faridabad Plant, the creation of new product molds, and the implementation of a number of the Company's digital transformation initiatives.
Channel partners and end-users alike have shown much interest in and been receptive to new releases, such as UV Sanitech's Emergency lighting Supercoolers and the company's extended lineup of i-Series fans and kitchen appliances. Do you want to know the Orient Electric Shares? Click Here to know about today’s Orient Electric Share Price.
Following the demerger, the Company is no longer a wholly owned subsidiary of OPIL, and all shares held by the demerged Company are canceled according to the Scheme of Arrangement.
Company operations include the production, procurement, and retail of electrical consumer durables, namely in the areas of lighting and switchgear. It now operates factories in Faridabad, Noida, and Kolkata. It also released inverter air coolers that save electricity in March 2020. Ultimo Knight Desert Coolers, aluminum Coolers, and inverter Air Coolers were among the four new offerings in this category. Glassline released a new line of water heaters with smart connectivity capabilities that year.
New gas-powered water heaters have also been introduced. Toasters, induction stoves, coffee makers, and more are all part of a brand-new Breakfast collection of home equipment. In July 2019, it debuted a new lighting line called EyeLuv. Energy-independent operation. In September this year, wireless bells activated by a physical bell push were released. In December 2019, it released IoT-enabled smart plugs, allowing appliances and equipment to be operated wirelessly through smartphones and voice-control devices. The Stella line of modular switches was introduced in the Company's 2021 fiscal year.
To maximize revenue in Odisha and Bihar, the Company restructured its fan distribution system during the fiscal year 2022. These modifications to OEL's distribution system aim to increase the company's share in these markets. Further, it aimed to acquire and strengthen an underpenetrated market by expanding its fan distribution network inside South India.
It started purchasing property in Hyderabad for a greenfield project in the fiscal year of 2022. Notable investments were made in the establishment of a Research and Development Center in Faridabad, the expansion of a Driver Plant and an LED lighting facility in Noida, the layout of the Faridabad Plant, the creation of new product molds, and the implementation of a number of the Company's digital transformation initiatives.
Channel partners and end-users alike have shown much interest in and been receptive to new releases, such as UV Sanitech's Emergency lighting Supercoolers and the company's extended lineup of i-Series fans and kitchen appliances. Do you want to know the Orient Electric Shares? Click Here to know about today’s Orient Electric Share Price.
Fundamentals of Orient Electric Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 5754.79 Cr |
0.00 |
0.00 |
46.31 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
6.17 % |
5.97 |
0.00 % |
27.03 |
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What is the Market Cap of Orient Electric Ltd. shares?
As of 31 Mar`23 the Market Cap of Orient Electric Ltd. is 5754.79.
What is the PE and PB ratio of Orient Electric Ltd. stock?
As of 31 Mar`23 the PE is 0.00 and PB is 0.00.
Orient Electric - Quaterly Results
Publish Date: 30/01/2023
The company witnessed a 8.95% growth in the revenue at Rs. 7390.40 millions for the quarter ended December 2022 as compared to Rs. 6783.50 millions during the year-ago period.The Net Profit of the company registered a slight decline of -14.50% to Rs. 325.60 millions from Rs. 380.80 millions.Operating profit for the quarter ended December 2022 decreased to 634.70 millions as compared to 673.50 millions of corresponding quarter ended December 2021.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 7390.40 | 6783.50 | 8.95 | 18712.60 | 16950.50 | 10.40 | 24483.70 | 20326.00 | 20.46 |
| Other Income | 86.10 | 8.90 | 867.42 | 202.70 | 31.30 | 547.60 | 58.10 | 62.70 | -7.34 |
| PBIDT | 634.70 | 673.50 | -5.76 | 1248.90 | 1538.00 | -18.80 | 2371.30 | 2257.80 | 5.03 |
| Interest | 60.30 | 45.80 | 31.66 | 160.30 | 143.40 | 11.79 | 202.90 | 207.30 | -2.12 |
| PBDT | 574.40 | 627.70 | -8.49 | 1088.60 | 1394.60 | -21.94 | 2168.40 | 2050.50 | 5.75 |
| Depreciation | 138.60 | 118.40 | 17.06 | 397.60 | 351.70 | 13.05 | 470.80 | 431.50 | 9.11 |
| PBT | 435.80 | 509.30 | -14.43 | 691.00 | 1042.90 | -33.74 | 1697.60 | 1619.00 | 4.85 |
| TAX | 110.20 | 128.50 | -14.24 | 178.70 | 264.30 | -32.39 | 431.20 | 421.60 | 2.28 |
| Deferred Tax | 2.80 | 5.30 | -47.17 | -9.10 | -1.90 | 378.95 | -0.40 | -47.60 | -99.16 |
| PAT | 325.60 | 380.80 | -14.50 | 512.30 | 778.60 | -34.20 | 1266.40 | 1197.40 | 5.76 |
| Equity | 212.70 | 212.20 | 0.24 | 212.70 | 212.20 | 0.24 | 212.20 | 212.20 | 0.00 |
| PBIDTM(%) | 8.59 | 9.93 | -13.50 | 6.67 | 9.07 | -26.44 | 9.69 | 11.11 | -12.81 |
Orient Electric - Quaterly Results
Publish Date: 30/01/2023
The company witnessed a 8.95% growth in the revenue at Rs. 7390.40 millions for the quarter ended December 2022 as compared to Rs. 6783.50 millions during the year-ago period.Net profit declined -14.50% to Rs. 325.60 millions from Rs. 380.80 millions.A decline of 634.70 millions was observed in the OP in the quarter ended December 2022 from 673.50 millions on QoQ basis.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 7390.40 | 6783.50 | 8.95 | 18712.60 | 16950.50 | 10.40 | 24483.70 | 20326.00 | 20.46 |
| Other Income | 86.10 | 8.90 | 867.42 | 202.70 | 31.30 | 547.60 | 58.10 | 62.70 | -7.34 |
| PBIDT | 634.70 | 673.50 | -5.76 | 1248.90 | 1538.00 | -18.80 | 2371.30 | 2257.80 | 5.03 |
| Interest | 60.30 | 45.80 | 31.66 | 160.30 | 143.40 | 11.79 | 202.90 | 207.30 | -2.12 |
| PBDT | 574.40 | 627.70 | -8.49 | 1088.60 | 1394.60 | -21.94 | 2168.40 | 2050.50 | 5.75 |
| Depreciation | 138.60 | 118.40 | 17.06 | 397.60 | 351.70 | 13.05 | 470.80 | 431.50 | 9.11 |
| PBT | 435.80 | 509.30 | -14.43 | 691.00 | 1042.90 | -33.74 | 1697.60 | 1619.00 | 4.85 |
| TAX | 110.20 | 128.50 | -14.24 | 178.70 | 264.30 | -32.39 | 431.20 | 421.60 | 2.28 |
| Deferred Tax | 2.80 | 5.30 | -47.17 | -9.10 | -1.90 | 378.95 | -0.40 | -47.60 | -99.16 |
| PAT | 325.60 | 380.80 | -14.50 | 512.30 | 778.60 | -34.20 | 1266.40 | 1197.40 | 5.76 |
| Equity | 212.70 | 212.20 | 0.24 | 212.70 | 212.20 | 0.24 | 212.20 | 212.20 | 0.00 |
| PBIDTM(%) | 8.59 | 9.93 | -13.50 | 6.67 | 9.07 | -26.44 | 9.69 | 11.11 | -12.81 |
Orient Electric - Quaterly Results
Publish Date: 30/01/2023
The company witnessed a 8.95% growth in the revenue at Rs. 7390.40 millions for the quarter ended December 2022 as compared to Rs. 6783.50 millions during the year-ago period.Net profit declined -14.50% to Rs. 325.60 millions from Rs. 380.80 millions.A decline of 634.70 millions was observed in the OP in the quarter ended December 2022 from 673.50 millions on QoQ basis.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 7390.40 | 6783.50 | 8.95 | 18712.60 | 16950.50 | 10.40 | 24483.70 | 20326.00 | 20.46 |
| Other Income | 86.10 | 8.90 | 867.42 | 202.70 | 31.30 | 547.60 | 58.10 | 62.70 | -7.34 |
| PBIDT | 634.70 | 673.50 | -5.76 | 1248.90 | 1538.00 | -18.80 | 2371.30 | 2257.80 | 5.03 |
| Interest | 60.30 | 45.80 | 31.66 | 160.30 | 143.40 | 11.79 | 202.90 | 207.30 | -2.12 |
| PBDT | 574.40 | 627.70 | -8.49 | 1088.60 | 1394.60 | -21.94 | 2168.40 | 2050.50 | 5.75 |
| Depreciation | 138.60 | 118.40 | 17.06 | 397.60 | 351.70 | 13.05 | 470.80 | 431.50 | 9.11 |
| PBT | 435.80 | 509.30 | -14.43 | 691.00 | 1042.90 | -33.74 | 1697.60 | 1619.00 | 4.85 |
| TAX | 110.20 | 128.50 | -14.24 | 178.70 | 264.30 | -32.39 | 431.20 | 421.60 | 2.28 |
| Deferred Tax | 2.80 | 5.30 | -47.17 | -9.10 | -1.90 | 378.95 | -0.40 | -47.60 | -99.16 |
| PAT | 325.60 | 380.80 | -14.50 | 512.30 | 778.60 | -34.20 | 1266.40 | 1197.40 | 5.76 |
| Equity | 212.70 | 212.20 | 0.24 | 212.70 | 212.20 | 0.24 | 212.20 | 212.20 | 0.00 |
| PBIDTM(%) | 8.59 | 9.93 | -13.50 | 6.67 | 9.07 | -26.44 | 9.69 | 11.11 | -12.81 |
Orient Electric informs about analyst meet
Publish Date: 24/08/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Orient Electric has informed that as per the invitations received, the Managing Director & CEO and Chief Financial Officer of the Company would be attending Analyst/ Investor’s meetings/ conference call as on August 24, 2022.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about disclosure
Publish Date: 13/09/2022
Orient Electric has informed that it enclosed the disclosure received to the Company under Regulation 7(3) of PIT Regulations, dated September 12, 2022 from Arvind Singh, Connected Person of the Company, in respect of sale of 10,000 Equity Shares of the Company.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about analyst meet
Publish Date: 19/09/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Orient Electric has informed that as per the invitations received, the Managing Director & CEO and Chief Financial Officer of the Company would be attending Analyst / Investor’s meetings / conference call to be held on September 19, 2022 with ‘Ambit Capital’. Further, in the above meeting / conference call, the Company would not be making any presentations and will be discussing only those information which are already disclosed in public domain.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about disclosure
Publish Date: 19/09/2022
Pursuant to Regulation 7(3) of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), Orient Electric has informed that it enclosed the disclosure received to the Company under Regulation 7(3) of PIT Regulations, dated September 16, 2022 from Arvind Singh, Connected Person of the Company, in respect of sale of 6,000 Equity Shares of the Company.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about disclosure
Publish Date: 29/09/2022
Pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), Orient Electric has informed that it enclosed the disclosure received to the Company under Regulation 7(2)(a) of PIT Regulations, dated September 27, 2022 from Designated Person of the Company, in Form C in respect to revocation of pledge and sale of Equity Shares of the Company.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about board meeting
Publish Date: 27/10/2022
Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Orient Electric has informed that a meeting of the Board of Directors of the Company will be held on Thursday, November 03, 2022 to consider and approve the Un-audited Financial Results for the quarter and half year ended September 30, 2022.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about disclosure
Publish Date: 25/11/2022
Pursuant to Regulation 7(3) of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), Orient Electric has informed that it enclosed the disclosure received to the Company under Regulation 7(3) of PIT Regulations, dated November 24, 2022 from Arvind Singh, Connected Person of the Company, in respect of sale of 4,150 Equity Shares of the Company.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about analyst meet
Publish Date: 09/12/2022
Orient Electric has informed that as per the invitation received, the Managing Directors & CEO and the Chief Financial Officer, of the Company would be attending Analyst/ Investor's meeting as on December 12, 2022. Details enclosed.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about analyst meet
Publish Date: 14/12/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Orient Electric has informed that as per the invitations received, the Chief Financial Officer of the Company would be attending On- line Analyst / Investor’s meetings / conference call with ‘B&K Securities’ on December 14, 2022. Further, in the above meeting / conference call, the Company would not be making any presentations and will be discussing only information which are already disclosed in public domain.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about certificate
Publish Date: 03/01/2023
Pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, Orient Electric has informed that it enclosed copy of the Certificate received from Kfin Technologies, the Registrar & Share Transfer Agent of the Company, confirming the compliance for the quarter ended December 31, 2022.
The above information is a part of company’s filings submitted to BSE.
Orient Electric informs about earnings call
Publish Date: 25/01/2023
In terms of the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Orient Electric has informed that the management of the Company shall be participating in an Earnings Call, to discuss the un-audited financial results of the Company for the quarter and nine months ended December 31, 2022, being organized by Phillip Capital (India) on Tuesday, January 31, 2023 at 10:00 am (IST). The Earnings Call Invite along with Dial-in details for the aforesaid Call is enclosed.
The above information is a part of company’s filings submitted to BSE.
Orient Electric trades higher on eyeing good growth in revenue in FY24 from fans, cooler business
Publish Date: 01/03/2023
In 2021-22, its revenue from operations was Rs 2,448 crore
Orient Electric is currently trading at Rs. 274.80, up by 1.10 points or 0.40% from its previous closing of Rs. 273.70 on the BSE.
The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 275.30 and Rs. 271.60 respectively. So far 5026 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 356.95 on 11-Apr-2022 and a 52 week low of Rs. 245.00 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 280.00 and Rs. 265.00 respectively. The current market cap of the company is Rs. 5835.64 crore.
The promoters holding in the company stood at 38.42%, while Institutions and Non-Institutions held 32.79% and 28.79% respectively.
Orient Electric (OEL) is eyeing a good growth in revenue in FY24 from its fans and cooler business. With summer approaching, Orient Electric expects a natural drift in growth coming from the fan segment, housing segment and the replacement market.
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 per cent of its business in FY22, while the rest 27 per cent came from Lighting and Switchgear segment (L&S).
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.
Orient Electric informs about disclosure
Publish Date: 10/03/2023
Orient Electric has informed that it enclosed disclosure received to the Company under Regulation 7(2)(a) of PIT Regulations, dated March 09, 2023 and March 10, 2023 from Designated Persons of the Company, in Form C in respect to revocation of pledge and sale of Equity Shares of the Company.
The above information is a part of company’s filings submitted to BSE.
Ex Dividend
Publish Date: 09/02/2023
Rs.0.7500 per share(75%)Interim Dividend
Ex Dividend
Publish Date: 15/07/2022
Rs.1.2500 per share(125%)Final Dividend
Board Meeting
Publish Date: 10/05/2022
Quarterly Results & Final Dividend
Ex Dividend
Publish Date: 01/02/2022
Rs.0.7500 per share(75%)Interim Dividend
Board Meeting
Publish Date: 20/01/2022
Interim Dividend & Quarterly Results
Board Meeting
Publish Date: 23/10/2021
Quarterly Results
Board Meeting
Publish Date: 29/07/2021
Quarterly Results
Ex Dividend
Publish Date: 20/07/2021
Rs.1.2500 per share(125%)Final Dividend
Board Meeting
Publish Date: 12/05/2021
Final Dividend & Audited Results
Ex Dividend
Publish Date: 09/02/2021
Rs.0.7500 per share(75%)Interim Dividend
Board Meeting
Publish Date: 29/01/2021
Interim Dividend & Quarterly Results
Orient Electric reports marginal loss in Q2FY23
Publish Date: 04/11/2022
Total income of the company decreased by 13.20% to Rs 517.06 crore for Q2FY23
Orient Electric has reported results for second quarter ended September 30, 2022.
The company has reported net loss of Rs 0.28 crore for Q2FY23 as compared to net profit of Rs 34.77 crore for the corresponding quarter previous year. Total income of the company decreased by 13.20% to Rs 517.06 crore for the quarter under review as compared to Rs 595.72 crore for the same quarter in the previous year.
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.
Orient Electric reports 14% fall in Q3 net profit
Publish Date: 31/01/2023
Total income of the company increased by 10.07% to Rs 747.65 crore for Q3FY23
Orient Electric has reported results for third quarter ended December 31, 2022.
The company has reported fall of 14.50% in its net profit at Rs 32.56 crore for Q3FY23 as compared to Rs 38.08 crore for the corresponding quarter previous year. However, total income of the company increased by 10.07% to Rs 747.65 crore for the quarter under review as compared to Rs 679.24 crore for the same quarter in the previous year.
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.
Orient Electric eyeing good growth in revenue in FY24 from fans, cooler business
Publish Date: 01/03/2023
In 2021-22, its revenue from operations was Rs 2,448 crore
Orient Electric (OEL) is eyeing a good growth in revenue in FY24 from its fans and cooler business. With summer approaching, Orient Electric expects a natural drift in growth coming from the fan segment, housing segment and the replacement market.
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 per cent of its business in FY22, while the rest 27 per cent came from Lighting and Switchgear segment (L&S).
Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.
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