Orient Electric standalone net profit declines 27.17% in the June 2024 quarter

Orient Electric, which also sells mixer-grinders and switchgears, said profit decreased to Rs 14.34 crore ($1.7 million) in the quarter, from Rs 19.69 crore a year earlier

Orient Electric Q1 results: Profit down 27% to Rs 14.34 cr on high expenses

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Orient Electric focuses on direct-to-market distribution strategy, new plant in Hyderabad, and cost savings for growth.

Orient Electric scales up direct-to-market distribution, fan production

R S Negi appointed as CEO of Orient Electric as Khetrapal steps down from Vice Chairman position.

Orient Electric Names R S Negi As CEO

Strong traction in direct-to-market continued; Hyderabad plant to widen product basket

Orient Electric Q4 Results Review - E-Waste Provision Hit Operating Performance: Systematix

While primary sales of fans were healthy from November 2023 till mid-Feb-24, secondary sales have been tepid

Orient Electric - Cooler Weather Expected To Moderate Fans Sales: Nirmal Bang

SBI’s Q2 outcomes missed estimates because of lower-than-expected non-interest income, higher opex stemming from wage arrears

SBI, Titan, Gujarat Gas, Relaxo Footwears, Orient Electric Q2 Results Review: HDFC Securities

HDFC Securities recommended reduce rating on Orient Electric with a target price of Rs 230 in its research report dated August 04, 2023.

Reduce Orient Electric; target of Rs 230 : HDFC Securities

Orient Electric Ltd.’s shares rose 0.60% after completion of sale of 23 acres of land in Hyderabad, Telangana for ₹35 crores. The transaction took place on July 25, 2023, in Dusakal Village Secretariat and Mekaguda Gram Panchyat. Shares rose 0.69% to ₹232 at 2:26 p.m. on BSE.

Orient Electric completes sale of land parcels; shares inch up

Focus on capacity, product portfolio expansion.

Orient Electric - Getting Future Ready: Dolat Capital

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Orient Electric is focused on providing lifestyle electrical solutions which include fans, lighting, home appliances and switchgears