Skip to main content
Swing Capital

Orient Electric Ltd

NSE: ORIENTELEC BSE: 541301

Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of modern consumers. [1]

₹190
52W: ₹149 — ₹246
PE 39.6 · Book ₹35.6 · +434% vs book
Market Cap₹4,062 Cr
Stock P/E39.6Price to Earnings
ROCE19.8%Return on Capital
ROE14.1%Return on Equity
Div. Yield0.79%Face Value ₹1

Strengths

  • +Company has been maintaining a healthy dividend payout of 38.1%

Weaknesses

  • −The company has delivered a poor sales growth of 10.4% over past five years.
  • −Company has a low return on equity of 12.4% over last 3 years.

Shareholding Pattern

Promoters38.3%
FIIs3.42%
DIIs32.52%
Public25.71%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters38.3%38.3%38.3%38.3%38.3%38.3%38.3%38.3%
FIIs6.56%6.99%▲0.47.09%▲0.16.92%▼0.26.88%▼0.06.34%▼0.53.6%▼2.73.42%▼0.2
DIIs27.73%27.89%▲0.227.86%▼0.027.95%▲0.128.11%▲0.229.3%▲1.231.9%▲2.632.52%▲0.6
Public27.36%26.76%▼0.626.67%▼0.126.76%▲0.126.65%▼0.126%▼0.626.12%▲0.125.71%▼0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales752788755660817862769703906948
Expenses703757715624756795723665839871
Operating Profit49314036616746386877
OPM %7%4%5%5%7%8%6%5%7%8%
Net Profit24131410273118122640
EPS ₹1.140.60.670.491.271.470.820.571.221.89

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3,326Cr, up 7.5% YoY. OPM at 7%.

Debt Position

Borrowings at ₹93Cr. Debt-to-equity ratio: 0.13x. Healthy balance sheet.

Capex Cycle

CWIP at ₹8Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 32.52% (+4.65pp change). FIIs: 3.42% (-2.08pp change). Promoters hold 38.3%.

Margin & Efficiency

ROCE improving from 0% (Mar 2017) to 20% (Mar 2026). Working capital days: 35.

Valuation

PE 39.6x with 19.8% ROCE. Price is 434% above book value of ₹35.6. Dividend yield: 0.79%.

Recent Announcements