Orient Bell Ltd - Stock Valuation and Financial Performance

BSE: 530365 | NSE: ORIENTBELL | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Orient Bell Share Price

347.60 -21.50 -5.82%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Orient Bell

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Orient Bell stock performance -

mw4me loader
P/E Ratio (SA):
322.04
Market Cap:
505.6 Cr.
52-wk low:
301
52-wk high:
649

Is Orient Bell Ltd an attractive stock to invest in?

1. Is Orient Bell Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Orient Bell Ltd is a average quality company.

2. Is Orient Bell Ltd undervalued or overvalued?

The key valuation ratios of Orient Bell Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Orient Bell Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Orient Bell Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Orient Bell:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Orient Bell Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.3%5.6%5.9%8%10.9%4.7%4.1%3.6%12.1%7.8%-
Value Creation
Index
-0.6-0.6-0.6-0.4-0.2-0.7-0.7-0.7-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 585693703637648571492502654705662
Sales YoY Gr.-18.5%1.4%-9.3%1.6%-11.8%-13.8%2.1%30.2%7.8%-
Adj EPS 1.93.84.710.7196.14.84.321.9151.1
YoY Gr.-103.2%26.1%126.2%77.4%-67.8%-21%-10.5%406%-31.5%-
BVPS (₹) 83.48690127.4155.4161.5165.4171.4193.2207.8207.2
Adj Net
Profit
2.55.26.615.227.18.76.96.231.621.82
Cash Flow from Ops. 54.346.941.650.827.34164.518.643.834.4-
Debt/CF from Ops. 3.33.53.22.22.82.50.81.70.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%1.7%12.7%7.8%
Adj EPS 26.2%-4.6%45.9%-31.5%
BVPS10.7%6%7.9%7.6%
Share Price 21.5% 15% 17.5% -30.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.42.93.68.213.43.92.92.6127.40.5
Op. Profit
Mgn %
8.16.76.78.97.56.55.36.78.66.73.4
Net Profit
Mgn %
0.40.80.92.44.21.51.41.24.83.10.2
Debt to
Equity
1.61.41.10.60.40.40.20.100-
Working Cap
Days
13911510910811614014212610411052
Cash Conv.
Cycle
4032353960797644293517

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.72%

Net Profit is growing at healthy rate in last 3 years 45.86%

Return on Equity has declined versus last 3 years average to 0.50%

Sales growth is not so good in last 4 quarters at -7.31%

Latest Financials - Orient Bell Ltd.

Standalone Consolidated
TTM EPS (₹) 1.1 1.6
TTM Sales (₹ Cr.) 662 662
BVPS (₹.) 207.2 209.9
Reserves (₹ Cr.) 288 292
P/BV 1.67 1.65
PE 322.04 214.24
From the Market
52 Week Low / High (₹) 300.95 / 648.95
All Time Low / High (₹) 3.33 / 831.00
Market Cap (₹ Cr.) 506
Equity (₹ Cr.) 14.6
Face Value (₹) 10
Industry PE 41.4

Management X-Ray of Orient Bell:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Orient Bell

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales585693703637648571492502654705
Operating Expenses 538647655583601534466470599658
Manufacturing Costs172208193141165146115108177225
Material Costs244301314303281257236241270275
Employee Cost 566264677676747992101
Other Costs 66778471795542415957
Operating Profit 47464754473726325647
Operating Profit Margin (%) 8.0%6.6%6.7%8.5%7.3%6.5%5.3%6.4%8.5%6.7%
Other Income 1323225235
Interest 24211913798642
Depreciation 19181719151721212121
Exceptional Items 00002000300
Profit Before Tax 510132547143113429
Tax 3571175-4437
Profit After Tax 25614409773122
PAT Margin (%) 0.3%0.7%0.9%2.1%6.2%1.6%1.4%1.4%4.7%3.1%
Adjusted EPS (₹)1.53.54.69.628.16.24.84.921.515.0
Dividend Payout Ratio (%)33%14%11%5%2%8%0%10%5%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 176181187181221230236246279301
Share Capital 14141414141414141414
Reserves 162167173167207216222232264287
Minority Interest0000000000
Debt1621401231107788392420
Long Term Debt896253472732332420
Short Term Debt7478706449566000
Trade Payables1111031027178717797100115
Others Liabilities 60644864647168708272
Total Liabilities 508487460426441460421438462488

Fixed Assets

Gross Block538544545220230288302296312373
Accumulated Depreciation3043213361933496989105123
Net Fixed Assets234223209201196239233207207250
CWIP 5110111013
Investments 20202323666666
Inventories1251028975898581606986
Trade Receivables72931061021261168793103111
Cash Equivalents 8116434351413
Others Assets4437262020912213629
Total Assets 508487460426441460421438462488

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 54474251274165194434
PBT 510132547143113429
Adjustment 45404037232628313226
Changes in Working Capital 8-1-9-8-31436-19-15-12
Tax Paid -3-2-3-3-12-3-2-5-7-8
Cash Flow From Investing Activity -9-2-5-145-56-45-12-21
Capex -11-3-3-15-15-56-44-27-59
Net Investments 00-30180001238
Others 1111200121
Cash Flow From Financing Activity -46-48-37-37-3215-61-23-29-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-2600000000
Interest Paid -24-21-19-13-7-9-8-6-4-2
Dividend Paid -2-1-1-1-1-1-10-1-1
Others -190-17-23-2424-52-17-24-10
Net Cash Flow -1-300000120
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.84.125.268.8519.933.942.932.9111.837.5
ROCE (%)9.5510.6811.6813.8618.537.113.455.7813.3710.52
Asset Turnover Ratio1.241.511.61.591.561.291.141.191.481.51
PAT to CFO Conversion(x)279.473.640.684.569.292.711.421.55
Working Capital Days
Receivable Days42404854617674645455
Inventory Days74554642445561503539
Payable Days16313011910497106114132133143

Orient Bell Ltd Stock News

Orient Bell Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Orient Bell on 28-Mar-2024 16:01 is ₹347.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Orient Bell stood at ₹505.6.
The latest P/E ratio of Orient Bell as of 28-Mar-2024 16:01 is 322.0.
The latest P/B ratio of Orient Bell as of 28-Mar-2024 16:01 is 1.67.
The 52-week high of Orient Bell is ₹649.0 and the 52-week low is ₹300.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orient Bell is ₹662.1 ( Cr.) .

About Orient Bell Ltd

Headquartered at New Delhi, Orient Ceramics & Industries Ltd was incorporated as a Public Limited Company on May 18, 1977 for the manufacture of ceramic tiles with an installed capacity of 0.4 Million sq. mtrs. per annum which has now grown to 14 million sq. mtrs. per annum. .

Mahendra K. Daga currently heads Orient Ceramics as Chairman & Managing Director with the credo of delivering products of sustained excellence and superior quality.

Its state of the art manufacturing unit at Sikandrabad (Bulandshar, U.P.) is spread across 40 acres of land and conforms to the IS 13753-56:1993 of BIS, ISO 10545-1/17 & ISO 13006 specifications. They have also been accredited with the ISO 9001:2000 certification for quality control management.

Since inception, OCIL has been scaling new heights and has evinced a steady growth rate. Their commitment to excellence and quality has earned them a wide and diverse customer base, which spreads across Europe, South East Asia, Middle East and the SAARC countries.

The company plans to diversify into importing and distributing other building material products. This shall be accomplished through a strong network of over 800 dealers and 2500 sub-dealers spread all over the country.  

Product range of the company includes:

The company is engaged in the manufacturing of ceramic tiles

Interior

  • Floor Tiles
  • Wall Tiles
  • Concepts

Exterior

  • Floor Tiles
  • Wall Tiles

Europa Designs is the latest offering of the company

 Achievements/ recognition:-

  • IS 13753-56:1993 of BIS
  • ISO 10545-1/17
  • ISO 13006 specifications
  • ISO 9001:2000
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