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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Orient Bell Ltd

About the Company - Orient Bell Ltd

Orient Bell Ltd. is a Public Limited Listed company incorporated on 18/05/1977 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L14101UP1977PLC021546 and registration number is 021546. Currently company belongs to the Industry of Ceramics/Tiles/Sanitaryware. Company’s Total Operating Revenue is Rs. 654.31 Cr. and Equity Capital is Rs. 14.43 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware8, Industrial Area, Sikandrabad, Bulandshahar Dist Uttar Pradesh 203205investor@orientbell.com
http://www.orientbell.com
Management
NamePosition Held
Mr. Mahendra K DagaChairman & Wholetime Director
Mr. Madhur DagaManaging Director
Mr. K M PaiIndependent Director
Mr. P M MathaiIndependent Director
Mr. Sameer KambojIndependent Director
Ms. Tanuja JoshiIndependent Director

Basic Stock Data of Orient Bell Ltd

Last Updated: June 17, 2024, 8:19 pm

Market Cap 523 Cr.
Current Price 359
High / Low553/301
Stock P/E569
Book Value 215
Dividend Yield0.28 %
ROCE0.91 %
ROE0.30 %
Face Value 10.0
PEG Ratio-28.70

Competitors of Orient Bell Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kajaria Ceramics Ltd 22,373 Cr. 1,4051,524/1,11053.0 1640.64 %21.4 %17.1 % 1.00
Murudeshwar Ceramics Ltd 317 Cr. 52.471.9/38.361.8 60.20.95 %4.77 %1.44 % 10.0
Nitco Ltd 577 Cr. 80.382.2/16.8 71.30.00 %12.1 %% 10.0
Lexus Granito (India) Ltd 79.1 Cr. 39.261.3/31.6 4.620.00 %13.5 %109 % 10.0
Somany Ceramics Ltd 2,989 Cr. 729819/56130.4 1760.41 %14.5 %13.0 % 2.00
Industry Average4,785.18 Cr531.8231.03101.350.37%13.86%26.36%5.83

Orient Bell Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales181.5086.72167.69183.95215.95154.50173.00177.26200.33144.12159.73162.28208.33
Expenses162.5991.21152.48165.01190.05142.04161.12167.51187.17141.19154.44161.33196.55
Operating Profit18.91-4.4915.2118.9425.9012.4611.889.7513.162.935.290.9511.78
OPM %10.42%-5.18%9.07%10.30%11.99%8.06%6.87%5.50%6.57%2.03%3.31%0.59%5.65%
Other Income0.830.691.081.471.042.361.830.721.211.201.110.430.83
Interest1.141.161.090.701.160.650.530.580.630.480.440.440.57
Depreciation5.344.654.705.735.544.865.265.705.295.385.045.505.50
Profit before tax13.26-9.6110.5013.9820.249.317.924.198.45-1.730.92-4.566.54
Tax %37.71%46.72%17.43%13.45%18.38%24.81%24.37%25.06%24.97%24.28%25.00%26.32%24.62%
Net Profit8.26-5.128.6712.1016.527.005.993.146.34-1.310.69-3.364.93
EPS in Rs5.75-3.566.028.4011.454.854.142.174.38-0.900.48-2.313.38

Last Updated: June 10, 2024, 5:03 am

Orient Bell Ltd Quarterly Chart

Orient Bell Ltd Profit & Loss

Last Updated: May 27, 2024, 5:52 am

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales326529556572637655571492502654705666
Expenses296480498525581606534466469598658644
Operating Profit305058475748372634574722
OPM %9%9%10%8%9%7%6%5%7%9%7%3%
Other Income15231221254364
Interest16222524137986422
Depreciation131919191915172121212121
Profit before tax171117526471431135303
Tax %25%-21%44%56%43%15%34%-144%33%8%25%
Net Profit1313102154097832222
EPS in Rs11.9812.777.251.5010.5928.006.514.985.3522.3115.521.65
Dividend Payout %17%12%21%33%5%2%8%-0%9%4%6%

Orient Bell Ltd Profit & Loss Yearly Chart

Orient Bell Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:3%
3 Years:10%
TTM:-4%
Compounded Profit Growth
10 Years:-8%
5 Years:-37%
3 Years:-49%
TTM:-96%
Stock Price CAGR
10 Years:17%
5 Years:24%
3 Years:8%
1 Year:-23%
Return on Equity
10 Years:%
5 Years:5%
3 Years:6%
Last Year:0%

Last Updated: June 18, 2024, 10:51 am

Orient Bell Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital111114141414141414141415
Reserves106156162163168208218225235270296295
Borrowings18318819718111077101614016925
Other Liabilities132133142144127133126120148155165163
Total Liabilities431487514502419432459421437455484498
Fixed Assets251234228234201196239233207207250284
CWIP1218501110132
Investments020202024677891010
Other Assets179232247243193228213180222239222202
Total Assets431487514502419432459421437455484498

Orient Bell Ltd Reserves and Borrowings Chart

Orient Bell Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4455651274164194434
Cash from Investing Activity -29-11-29-145-56-45-12-21
Cash from Financing Activity 25-28-29-37-3215-61-23-29-13
Net Cash Flow06-2-00-00120

Orient Bell Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days575448465870746467585871
Inventory Days295185206185901131221259497119110
Days Payable2411691671648699101119147135153184
Cash Conversion Cycle11271876763849671152023-3
Working Capital Days654846385070685639364135
ROCE %9%12%8%12%7%4%5%14%10%

Orient Bell Ltd Financial Efficiency Indicators Chart

Orient Bell Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters63.52%63.93%63.88%63.78%64.33%64.31%64.31%64.39%64.45%64.90%65.20%65.19%
FIIs0.00%0.00%0.05%0.05%0.16%0.14%0.10%0.16%0.23%0.08%0.07%0.06%
DIIs0.04%0.04%0.04%0.05%0.05%0.16%0.27%0.27%0.04%0.04%0.04%0.04%
Government0.47%0.73%0.72%0.72%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public35.97%35.30%35.31%35.40%35.47%35.38%35.31%35.19%35.29%34.97%34.67%34.72%
No. of Shareholders13,17612,75212,75013,56512,61013,71813,25015,19714,67014,72515,32316,084

Orient Bell Ltd Shareholding Pattern Chart

No. of Orient Bell Ltd Shareholders

This stock is not held by any mutual fund

Orient Bell Ltd ROCE Trend

Orient Bell Ltd EPS Trend

Orient Bell Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.6315.5622.365.364.99
Diluted EPS (Rs.)0.6315.5622.045.324.94
Cash EPS (Rs.)14.7329.5735.7919.2219.19
Book Value[Excl.RevalReserv]/Share (Rs.)214.56214.15197.34173.66167.75
Book Value[Incl.RevalReserv]/Share (Rs.)214.56214.15197.34173.66167.75
Revenue From Operations / Share (Rs.)462.29486.69453.42350.07344.64
PBDIT / Share (Rs.)16.2136.3340.6823.8921.92
PBIT / Share (Rs.)1.5321.7626.409.567.51
PBT / Share (Rs.)0.1920.1123.557.511.84
Net Profit / Share (Rs.)0.0415.0121.504.894.78
NP After MI And SOA / Share (Rs.)0.6315.5222.305.354.98
PBDIT Margin (%)3.507.468.976.826.35
PBIT Margin (%)0.334.475.822.732.17
PBT Margin (%)0.044.135.192.140.53
Net Profit Margin (%)0.013.084.741.391.38
NP After MI And SOA Margin (%)0.133.184.911.521.44
Return on Networth / Equity (%)0.297.2411.303.082.97
Return on Capital Employeed (%)0.579.1411.904.363.40
Return On Assets (%)0.164.677.111.761.69
Long Term Debt / Equity (X)0.130.000.010.090.17
Total Debt / Equity (X)0.130.010.030.090.20
Asset Turnover Ratio (%)1.301.521.481.181.12
Current Ratio (X)1.451.551.711.781.67
Quick Ratio (X)0.910.921.191.280.90
Inventory Turnover Ratio (X)1.221.441.481.020.85
Dividend Payout Ratio (NP) (%)0.006.412.230.0010.01
Dividend Payout Ratio (CP) (%)0.003.311.360.002.57
Earning Retention Ratio (%)0.0093.5997.770.0089.99
Cash Earning Retention Ratio (%)0.0096.6998.640.0097.43
Interest Coverage Ratio (X)12.1921.9714.286.073.87
Interest Coverage Ratio (Post Tax) (X)1.0410.088.551.761.84
Enterprise Value (Cr.)533.24722.57697.84266.30125.77
EV / Net Operating Revenue (X)0.791.021.070.520.25
EV / EBITDA (X)22.5513.7311.897.774.02
MarketCap / Net Operating Revenue (X)0.741.031.110.580.16
Retention Ratios (%)0.0093.5897.760.0089.98
Price / BV (X)1.622.332.561.180.33
Price / Net Operating Revenue (X)0.741.031.110.580.16
EarningsYield0.000.030.040.020.08

Orient Bell Ltd Profitability Ratios (%)

Orient Bell Ltd Liquidity Ratios

Orient Bell Ltd Liquidity Ratios (%)

Orient Bell Ltd Interest Coverage Ratios (%)

Orient Bell Ltd Valuation Ratios

Fair Value

Fair Value: 368.03

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 2.52% compared to the current price 359

Intrinsic Value: 295.08

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 17.81% compared to the current price ₹359

Last 5 Year EPS CAGR: -19.82%

*Investments are subject to market risks

Strength and Weakness of Orient Bell Ltd

StrengthWeakness
  1. The company has higher reserves (208.50 cr) compared to borrowings (99.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (572.08 cr) and profit (18.25 cr) over the years.
  1. The stock has a low average ROCE of 6.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 49.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 58.83, which may not be favorable.

Should I Buy Orient Bell Ltd Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Orient Bell Ltd:
    1. Net Profit Margin: 0.01%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.57% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.29% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.04
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.91
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 569 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.13
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Orient Bell Ltd?

The latest fair value of Orient Bell Ltd is ₹368.03.

What is the Market Cap of Orient Bell Ltd?

The Market Cap of Orient Bell Ltd is 523 Cr..

What is the current Stock Price of Orient Bell Ltd as on 25 June 2024?

The current stock price of Orient Bell Ltd as on 25 June 2024 is ₹359.

What is the High / Low of Orient Bell Ltd stocks in FY 2024?

In FY 2024, the High / Low of Orient Bell Ltd stocks is 553/301.

What is the Stock P/E of Orient Bell Ltd?

The Stock P/E of Orient Bell Ltd is 569.

What is the Book Value of Orient Bell Ltd?

The Book Value of Orient Bell Ltd is 215.

What is the Dividend Yield of Orient Bell Ltd?

The Dividend Yield of Orient Bell Ltd is 0.28 %.

What is the ROCE of Orient Bell Ltd?

The ROCE of Orient Bell Ltd is 0.91 %.

What is the ROE of Orient Bell Ltd?

The ROE of Orient Bell Ltd is 0.30 %.

What is the Face Value of Orient Bell Ltd?

The Face Value of Orient Bell Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Orient Bell Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE