Consumer Durables
Valuation | |
|---|---|
| Market Cap | 404.1 Cr |
| Price/Earnings (Trailing) | 45.11 |
| Price/Sales (Trailing) | 0.6 |
| EV/EBITDA | 12.02 |
| Price/Free Cashflow | 15.71 |
| MarketCap/EBT | 39.07 |
| Enterprise Value | 432.79 Cr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -0.20% |
| Price Change 1M | -13.4% |
| Price Change 6M | -11.2% |
| Price Change 1Y | 0.10% |
| 3Y Cumulative Return | -19.3% |
| 5Y Cumulative Return | 3.4% |
| 7Y Cumulative Return | 7.8% |
| 10Y Cumulative Return | 6.2% |
| Revenue (TTM) |
| 677.35 Cr |
| Rev. Growth (Yr) | 3.5% |
| Earnings (TTM) | 8.95 Cr |
| Earnings Growth (Yr) | 249% |
Profitability | |
|---|---|
| Operating Margin | 2% |
| EBT Margin | 2% |
| Return on Equity | 2.81% |
| Return on Assets | 1.73% |
| Free Cashflow Yield | 6.37% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -7.65 Cr |
| Cash Flow from Operations (TTM) | 33.44 Cr |
| Cash Flow from Financing (TTM) | -4.73 Cr |
| Cash & Equivalents | 7.78 Cr |
| Free Cash Flow (TTM) | 26.99 Cr |
| Free Cash Flow/Share (TTM) | 18.4 |
Balance Sheet | |
|---|---|
| Total Assets | 517.29 Cr |
| Total Liabilities | 198.33 Cr |
| Shareholder Equity | 318.96 Cr |
| Current Assets | 229.09 Cr |
| Current Liabilities | 137.67 Cr |
| Net PPE | 269.84 Cr |
| Inventory | 75.87 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.07 |
| Debt/Equity | 0.11 |
| Interest Coverage | 1.57 |
| Interest/Cashflow Ops | 8.4 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.5 |
| Dividend Yield | 0.18% |
| Shares Dilution (1Y) | 0.40% |
| Shares Dilution (3Y) | 1.7% |
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock is suffering a negative price momentum. Stock is down -13.4% in last 30 days.
Growth: Poor revenue growth. Revenue grew at a disappointing -0.7% on a trailing 12-month basis.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -19.3% return compared to 12.8% by NIFTY 50.
Size: It is a small market cap company and can be volatile.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock is suffering a negative price momentum. Stock is down -13.4% in last 30 days.
Growth: Poor revenue growth. Revenue grew at a disappointing -0.7% on a trailing 12-month basis.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -19.3% return compared to 12.8% by NIFTY 50.
Size: It is a small market cap company and can be volatile.
Investor Care | |
|---|---|
| Dividend Yield | 0.18% |
| Dividend/Share (TTM) | 0.5 |
| Shares Dilution (1Y) | 0.40% |
| Earnings/Share (TTM) | 6.09 |
Financial Health | |
|---|---|
| Current Ratio | 1.66 |
| Debt/Equity | 0.11 |
Technical Indicators | |
|---|---|
| RSI (14d) | 47.3 |
| RSI (5d) | 65.55 |
| RSI (21d) | 40.47 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Orient Bell's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q3 FY26 earnings call, management provided an optimistic outlook for Orient Bell Limited, highlighting significant growth potential driven by various market dynamics. The CEO, Aditya Gupta, noted a focus on demand generation, premiumization of products, brand awareness, and digitization, stating this has contributed to positive momentum. The company reported a 3.4% increase in revenues for Q3 YoY, totaling INR 474 crores for the first nine months, a 1.1% increase compared to the previous year. Notably, 61% of sales now come from the vitrified segment, with GVT contributing 44% to sales in Q3.
Management emphasized that early indicators show a robust project pipeline influenced by healthy demand for cement and steel, which generally lead to increased tile demand. Gupta mentioned that the positive trajectory in export markets, which saw an estimated 8% growth, will further support the domestic market by shifting capacities internationally. Cost optimization strategies yielded a 4.5% reduction in manufacturing costs, contributing to an EBITDA increase of 35% YoY in Q3, amounting to INR 10.8 crores. Profit before tax also saw a significant rise to INR 4.7 crores from INR 1.4 crores in Q3 FY25.
The management anticipates that operational leverage will continue to enhance profitability in upcoming quarters, particularly in Q4. They expect sustained operational efficiencies due to aggressive cost management strategies, with gross margins consistently in the mid to high 30% range. Additionally, the anticipation of limited capacity additions across the industry in 2026 positions Orient Bell favorably for growth. Overall, the management's forward-looking statements convey confidence in capturing market share and improving financial performance in a recovering industry landscape.
Understand Orient Bell ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| MAHENDRA KUMAR DAGA | 20.7% |
| GOOD TEAM INVESTMENT AND TRADING CO PVT LTD | 16.68% |
| SARLA DAGA | 15.53% |
| EQUITY INTELLIGENCE INDIA PRIVATE LIMITED | 4.92% |
| FREESIA INVESTMENT AND TRADING COMPANY LTD | 4.55% |
| VIJAYA S | 2.51% |
| MADHUR DAGA | 2.29% |
Detailed comparison of Orient Bell against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Comprehensive comparison against sector averages
ORIENTBELL metrics compared to Consumer
| Category | ORIENTBELL | Consumer |
|---|---|---|
| PE | 45.11 | 51.55 |
| PS | 0.60 | 1.43 |
| Growth | -0.7 % | 29 % |
Orient Bell Limited manufactures, trades in, and sells ceramic and floor tiles in India and internationally. It operates in two reportable segments: Ceramic Tiles and Allied Products. The Ceramic segment has various designs of ceramic tiles such as wooden, marble, floral, geometric, mosaic, stone, granite, brick, Moroccan, and others. The Allied Products segment consist polished, glazed, double charged and full-body tiles; e Glazed; including gloss, hi-gloss, satin, carving; and other various categories such as tiles for various applications, including bathrooms, kitchen, parking, elevation, bedrooms, outdoor, terrace, living room, balcony, swimming pools, porch, office, pathway, dining room, commercial, bar, restaurant, hospital, accent, automotive, schools, traffic, pooja room, and stairs. It sells its products through channel partners in both categories residential and commercial spaces. Orient Bell Limited was incorporated in 1977 and is headquartered in New Delhi, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
ORIENTBELL vs Consumer (2021 - 2026)
Question 1: "Just wanted your thoughts and opinion on the export market. So you did call out that we are anticipating an 8% growth in the export market. However, if we see, China has been setting up its factories in Gulf and Africa, which has been eating into our Indian exports. So just wanted your comments there?"
Answer: "The current data indicates a recovery compared to 2025, though still not at 2024 levels. Importantly, starting April, some export benefits for Chinese exporters may cease, potentially giving Indian exporters a competitive edge. So if this holds true, it could further boost Indian exports."
Question 2: "And what do you think it will take for demand to kind of come back in the domestic Indian market?"
Answer: "The performance of cement and steel serves as an indicator. Both have shown good results recently, suggesting future demand for tiles will be robust. With interest rates staying flat and dealers now restocking, we expect an uptick in demand for the latter half of this year."
Question 3: "Do we see these margins to be sustainable in the next few quarters?"
Answer: "Yes, we believe the margins are sustainable. Our focus on cost management and improving operating leverage indicates we can perform even better in upcoming quarters than we did in Q3."
Question 4: "So we see this -- we see margins to be better in Q4 than Q3?"
Answer: "Historically, Q4 performances are better due to improved volumes, which should enhance operational leverage. While we don't provide specific forecasts, we expect it to be better than Q3, assuming gas prices remain stable."
Question 5: "Regarding the Orient Bell OBTBs, why has the growth not been that great over the last 3 years?"
Answer: "We've shifted our focus towards quality over quantity. While we've added new OBTBs, we've also closed several underperformers to enhance overall service quality. This ensures that the remaining boutiques are capable of adequately representing our brand."
Question 6: "In terms of the closures of the OBTBs, what are you projecting for this year? Is it the same run rate or changing?"
Answer: "We expect closures to decrease as we prioritize the long-term viability of OBTBs. As our strategies improve and our current boutiques perform better, we anticipate needing to close fewer underperforming locations moving forward."
Question 7: "What is the current state of dealer inventory? Are they upsizing their inventory given customer demand?"
Answer: "Dealers have been cautious about inventory due to previous overstocking. Currently, they seem comfortable with their inventory levels, indicating a positive signal for the industry moving forward."
Question 8: "How do we see the GVT portion increasing over the next 3 to 5 years and the benefit on the gross margins?"
Answer: "At 44%, our GVT share is now competitive. However, due to pricing pressures on entry-level GVT products, we are moving into higher-end segments. This transition should improve margins over time as we focus on premium GVT offerings."
These concise questions and answers aim to encapsulate key points from the earnings call while respecting the specified character limits.
| UPDESH KUMAR KAUSHAL | 1.5% |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS | 1.02% |
| ROMA MONISHA SAKRANEY DAGA | 0.85% |
| ALFA MERCANTILE LTD. | 0.79% |
| MORNING GLORY LEASING AND FINANCE LIMITED | 0.61% |
| IRIS DESIGNS PRIVATE LIMITED | 0.32% |
| Qualified Foreign Investors | 0.16% |
| Foreign Bank | 0.02% |
Distribution across major stakeholders
Distribution across major institutional holders
| 165 |
| 162 |
| 144 |
| 196 |
| 162 |
| 160 |
| Profit Before exceptional items and Tax | 44% | 4.47 | 3.41 | -0.82 | 3.28 | 1.29 | 0.93 |
| Total profit before tax | 44% | 4.47 | 3.41 | -0.82 | 3.28 | 1.29 | 0.93 |
| Current tax | 144.6% | 1.29 | 0.35 | 0.01 | 0 | 0.01 | 0 |
| Deferred tax | -39.1% | 0.04 | 0.31 | -0.21 | 0.81 | 0.4 | -0.18 |
| Total tax | 200% | 1.33 | 0.67 | -0.2 | 0.81 | 0.41 | -0.18 |
| Total profit (loss) for period | 9.1% | 3.39 | 3.19 | -0.37 | 2.75 | 0.97 | 0.97 |
| Other comp. income net of taxes | 0% | 0.07 | 0.07 | 0.07 | -0.49 | 0.25 | 0.25 |
| Total Comprehensive Income | 8.8% | 3.46 | 3.26 | -0.31 | 2.26 | 1.22 | 1.22 |
| Earnings Per Share, Basic | 12% | 2.31 | 2.17 | -0.26 | 1.87 | 0.664 | 0.67 |
| Earnings Per Share, Diluted | 12.1% | 2.3 | 2.16 | -0.25 | 1.86 | 0.659 | 0.66 |
| Debt equity ratio | 0% | 0 | 001 | 013 | 015 | 009 | 0 |
| Debt service coverage ratio | 3.4% | 0.0555 | 0.0223 | 019 | 0.0878 | 0.0658 | 0.06 |
| Interest service coverage ratio | 7.7% | 0.0989 | 0.0234 | 0.026 | 0.04 | 0.0192 | 0.02 |
| 1% |
| 100 |
| 99 |
| 101 |
| 92 |
| 79 |
| 74 |
| Finance costs | 302.1% | 4.78 | 1.94 | 2.4 | 4.11 | 5.65 | 8.09 |
| Depreciation and Amortization | 10% | 23 | 21 | 21 | 21 | 21 | 21 |
| Other expenses | -13.2% | 225 | 259 | 282 | 236 | 149 | 156 |
| Total Expenses | -2.7% | 659 | 677 | 681 | 623 | 496 | 495 |
| Profit Before exceptional items and Tax | 431.9% | 3.39 | 0.28 | 29 | 34 | 8.07 | 2.63 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 2.71 | 0 |
| Total profit before tax | 431.9% | 3.39 | 0.28 | 29 | 34 | 11 | 2.63 |
| Current tax | 4.7% | -0.02 | -0.07 | 6.33 | 10 | 4.73 | 2.06 |
| Deferred tax | 90.1% | 0.93 | 0.29 | 1.06 | -7.37 | -0.97 | -6.26 |
| Total tax | 88.5% | 0.91 | 0.22 | 7.39 | 2.95 | 3.76 | -4.2 |
| Total profit (loss) for period | 257.4% | 2.48 | 0.06 | 22 | 31 | 7.02 | 6.83 |
| Other comp. income net of taxes | -3700% | 0.28 | 1.02 | 0.16 | 0.48 | 1.07 | 0.65 |
| Total Comprehensive Income | 1855.6% | 2.76 | 1.09 | 22 | 32 | 8.09 | 7.48 |
| Earnings Per Share, Basic | 172.1% | 1.69 | 0.043 | 15.043 | 21.567 | 4.9 | 4.78 |
| Earnings Per Share, Diluted | 171.1% | 1.68 | 0.043 | 14.779 | 21.259 | 4.86 | 4.73 |
| Debt equity ratio | 0.1% | 015 | 009 | 003 | 006 | - | 0 |
| Debt service coverage ratio | -1.7% | 0.0468 | 0.0625 | 0.0821 | 0.0548 | - | 0 |
| Interest service coverage ratio | 0.6% | 0.0171 | 0.0114 | - | 0.0927 | - | 0 |
| 0% |
| 8.18 |
| 8.18 |
| 8.18 |
| 5.72 |
| 5.72 |
| 5.72 |
| Total non-current financial assets | 39.3% | 11 | 8.18 | 12 | 13 | 11 | 17 |
| Total non-current assets | -2.4% | 283 | 290 | 300 | 307 | 297 | 266 |
| Total assets | -1.6% | 508 | 516 | 499 | 550 | 494 | 477 |
| Borrowings, non-current | -24.1% | 23 | 30 | 41 | 41 | 19 | 0 |
| Total non-current financial liabilities | 41.4% | 42 | 30 | 56 | 56 | 32 | 13 |
| Provisions, non-current | - | 1.9 | 0 | 1.99 | 1.93 | 1.82 | 1.88 |
| Total non-current liabilities | -11.8% | 61 | 69 | 73 | 74 | 52 | 35 |
| Borrowings, current | 0% | 14 | 14 | 0 | 0 | 0 | 1.87 |
| Total current financial liabilities | 3.4% | 122 | 118 | 103 | 151 | 123 | 120 |
| Provisions, current | -11.4% | 3.33 | 3.63 | 3.56 | 3.53 | 1.45 | 1.48 |
| Current tax liabilities | - | 0.28 | - | - | - | - | 0.94 |
| Total current liabilities | -1.5% | 134 | 136 | 119 | 167 | 136 | 136 |
| Total liabilities | -4.9% | 195 | 205 | 192 | 241 | 188 | 171 |
| Equity share capital | 0% | 15 | 15 | 15 | 15 | 15 | 14 |
| Total equity | 0.6% | 313 | 311 | 307 | 308 | 306 | 306 |
| Total equity and liabilities | -1.6% | 508 | 516 | 499 | 550 | 494 | 477 |
| 0 |
| 1.03 |
| 8.31 |
| 7.08 |
| - |
| - |
| Net Cashflows From Operating Activities | -17.9% | 33 | 40 | 34 | 56 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 2.46 | 0 | 0 | 0 | - | - |
| Proceeds from sales of PPE | 162.5% | 1.21 | 1.08 | 0.91 | 1.47 | - | - |
| Purchase of property, plant and equipment | -91.3% | 6.45 | 64 | 60 | 28 | - | - |
| Interest received | -9.2% | 0.05 | 0.13 | 0.6 | 1.77 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 38 | 0 | - | - |
| Net Cashflows From Investing Activities | 86.5% | -7.65 | -63.03 | -20.99 | -24.76 | - | - |
| Proceeds from issuing shares | -4.4% | 0.06 | 0.1 | 0.06 | 0.08 | - | - |
| Proceeds from borrowings | -94.8% | 2.99 | 39 | 0 | 0 | - | - |
| Repayments of borrowings | - | 0 | 0 | 7.5 | 23 | - | - |
| Payments of lease liabilities | -2.1% | 2.37 | 2.4 | 0 | 0 | - | - |
| Dividends paid | -160% | 0.73 | 1.45 | 1.44 | 0.72 | - | - |
| Interest paid | 264.4% | 4.68 | 2.01 | 2.2 | 4.07 | - | - |
| Net Cashflows from Financing Activities | -117.9% | -4.73 | 33 | -13.36 | -28.97 | - | - |
| Net change in cash and cash eq. | 122.2% | 21 | 10 | 0 | 2.46 | - | - |