Consumer Durables News

Orient Electric stocks: Add Orient Electric, target price Rs 295: ICICI Securities

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has add call on Orient Electric with a target price of Rs 295. The current market price of . is Rs 273.15. Time period given by analyst is one year when Ltd. price can reach defined target.

Orient Electric Ltd., incorporated in the year 2016, is a Mid Cap company (having a market cap of Rs 5800.09 Crore) operating in Consumer Durables sector.

Orient Electric Ltd. key Products/Revenue Segments include Electrical Equipment, Scrap, Export Incentives for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 626.82 Crore, down -17.09 % from last quarter Total Income of Rs 756.00 Crore and up 48.11 % from last year same quarter Total Income of Rs 423.22 Crore. Company reported net profit after tax of Rs 18.95 Crore in latest quarter.

The company’s top management includes Mr.Chandra Kant Birla, Mr.Desh Deepak Khetrapal, Mr.Rakesh Khanna, Ms.Alka Marezban Bharucha, Mr.K Pradeep Chandra, Mr.TCA Ranganathan. Company has S R

& Co. LLP as its auditors. As on 30-06-2022, the company has a total of 21 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 38.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.16 per cent, DIIs 29.08 per cent.

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