Orient Electric Ltd Share Price Target – 2024, 2025, 2030, 2040 | Orient Electric Ltd Share Price Target – 2030
Written by – Parth Jayswal
Introduction
- The consumable sector is projected to reach Rs 1.48 lakh crore by FY 2025. The government policy such as Production Linked Incentive scheme motivate people to start manufacturing at local level and grab attention of foreign investment. Moreover, interconnecting smart technology with home appliances leads to market growth, fulfilling the needs of consumers. In Fy 23-24, the ceiling fan market in India is about 4.5 crores units. The BLDC ceiling fans are becoming famous and more consumers are opting towards it because it saves 50% of energy compared to regular fans which leads to savings for consumers.
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- The market size of led lighting industry in 2024 was 4.7 billion usd. It is forecasted that the market will reach 6.87 billion by 2030. As the population will increase and numer of houses will increase which will lead to growth in led lights and fans market. The annual CAGR of lighting industry is 6.31% from 2024 to 2030. India is focusing on manufacturing with a mission to export goods worth $1 trillion by 2030. To encourage this goal, national manufacturing policy is implemented which will contribute 25% to GDP. The smart lights are becoming lot of popular due interconnection of Led lighting with smart technology. In this article, you will learn interesting information about Orient electric Ltd. price forecast, revnue, net profit, promoter of the company, shareholding pattern, market cap, ROCE, ROE.
About Orient Electric
- Orient Electric Company its previously its name was Calcutta Electric company became part of CK Birla group in 1954. The company manufactures different variety of products under one roof such as switch gears, fans, lights, home appliances for all season. The scalability and transformation of company is possible due to demand of customer.
- The Orient electric has about 70 years of deep experience and it has build strong reputation as pioneer in electrical sector.The company has huge types of products such as fans, home appliances, lights, switchgear and other electric products is helping to build good cutomer experience. With the passage of time, we have strengthen our key areas by improving our manufacturing capacity, growing our distribution channel, paying attention to our after sales service and increasing our product portfolio to grow sales. Moreover, the company has good track record in past performance in India and becone pioneer in exports by serving in 30 countries.
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- The company will use proper strategy and increase sales network to remain parallel with improving consumer behaviour, with the purpose to capture market share and attain benefit of competition. The execution of direct-to-market distribution strategy in fans has provide huge growth in some states. The data received is used to provide guidance in other states where we working with distributors. The main focus of the company is to improve sales in retail outlets and making sure that brand is available in each store.
- The company has increased its focus on large retail stores and collaborated with top reatil chains scuh as reliance digital, croma, vijay sales, and vishal megamart as per our review. The main goal is grow sales network across our sector. Moreover, moving ahead these efforts will not create tangible benefits in sales and market share. It will improve our financial strength and build best relation with our customers.
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- The digital business of the company has achieved strong increment in sales due to e-commerce platforms playing an important role. The company gave its best to increase all categories on online platforms to increase its revenue throughout the year. The purpose of the company is not only to increase its sales but also to establish relationships with customers. Moreover, the company pays attention to management of accounts, increasing strong interaction with marketplace such as meesho, flipkart, myntra, amazon. The company collaborated with quick commerce giuants such as Swiggy, Instamart and Blinkit due to growing demand of fast delivery services in rapidly growing market. The proper changes in supply chain of company has led to increment in supply chain have assured smooth operations and improve customer experience.
- As the company makes efforts to grow direct-to-market strategy, an effective distribution of supply chain will play key role. The company has also launched D2C portal where customers get genuine information about products which helps them during purchasing of product.
- The Orient Electric has rapidly increased its exports in Asia, Africa, and Middle East. The main markets of the company such as Ghana, Sri Lanka, Iraq saw huge growth in reveune despite of global issues, specifically Red Sea. Moreover, the company is planning to increase in business in western regions. Due to exports, company will not have to be dependent on domestic markets but also generate income from international market which will balaced the effect of seasonal sales.
Orient Electric Ltd – Key Points
| Market cap | 5670 crores |
| Founder of the company | CK Birla |
| Return on capital employed (ROCE) | 14.2% |
| Return on Equity (ROE) | 10.3% |
| Face value | Rs. 1 |
| Debt-equity ratio | 0.03 |
| Fixed asset turnover ratio | 7.42 |
Orient Electric Ltd – Statistics
| Retail outlets | 1,35,000+ |
| cities | 450+ |
| contries | 30+ |
| Market size small appliances | Rs 62,000 crores |
| Market size large appliances | Rs 1 lakh crores |
| Revenue of electrical consumables in FY-24 | Rs 1983 crores (70.51%) |
| Revenue of lighting and switchgear in FY-24 | Rs 829 crores (29.49%) |
Orient Electric Ltd – market strategy
- The marketing approach is very smooth connects online and offline efforts to build combined brand experience. This amazing strategy helps us to wide audience base improving engagement. The company implements its marketing campaigns in a strategic way where it can reach all touchpoints from social media, print media, tv and online ads. In order to reach wide audience, TV ads are at top. The company has created 25% of budget for digital. After understanding the potential of digital platforms, the company uses mcombination of OTT, Meta, social media, TV to reach huge audience.
- The company is also taking advantage of search engines such as Google, Amazon, and Flipkart to drive traffic and boost their sales. The E-commerce platforms are main players to target customers and increase sales. It is a fact that before the buying decision of consumer takes place through online marketplaces, the company has increased spending on online platforms such as flipkart, amazon, myntra to engage with consumer.
- This smart strategy is implemented with the purpose of increasing visiblity of product, growing customer reach, and bringing sales effectively in a competitive digital world.
- The digital ads are created to reach trageted audience based on their interest on social media platforms such as google, youtube, facebook and grab the attention of customers. The company also collaborates with famous influencer for selected products and generate revenue. The best part our strategy is providing valuable and interesting content to customers with proper information about product.
Orient Electric Ltd – Shareholding pattern
| Promoters | 38.30% |
| FIIs | 6.52 |
| DIIs | 27.19% |
| Government | 0% |
| Public | 27.97% |
Orient Electric Ltd – Revenue & Net profit
| Particulars | 31st March, 2024 (In crores) | 31st March, 2023 ( In crores) |
|---|---|---|
| Sales | 2812 | 2529 |
| Expenses | 2667 | 2378 |
| Ebitda | 145 | 151 |
| Interest | 23 | 22 |
| Depreciation | 59 | 54 |
| Proft before tax | 96 | 102 |
| Tax% | 22% | 26% |
| Net profit | 75 | 76 |
| EPS in Rs | 3.53 | 3.56 |
| Dividend payout % | 43% | 42% |
Orient Electric Ltd – Projects executed
- The company has successfully completed projects with huge vision such as Sudarshan Setu, Srinagar Smart City, Ganga Patna Setu bridge, Mumbai Metro Rail Corporation by supplying exterior lights and streetlights. The company is pioneer in the field of exterior lights and it has entered into contract with government entities in whole India to supply lights in amazing building and sites.
- The company is top manufacturer in the field of lighting sector for providing innovative designs for complicated projects which need professional knowledge, capacity to implement project, design sense. The company’s main aim is to expand its business in specific lighting industry by concentrating on Busines-to-Business (B2B) and Business-to Government (B2C) sector.
Expanding and building channel distribution
- The amazing strategy of company to adopt direct-to-market (DM) approach in certain states is providing good results, the market share of company is increasing constantly. The company is taking proper advantage of crucial data received from DTM market, the company is smartly executing learning among different states where we connect with distributors. This unique technique ensures that our strategy remains flexible and responsive to different marketing dynamics, bringing proper development across all regions. Throughout the year, the company work harder in modern trade and large format retail (LFR) and collaborated with large players such as Vijay sales, Croma, Reliance, Vishal Mega Mart.
- The revenue of the company on digital business has almost doubled where online marketplace has gain large market share. To encourage the development of digital business, the company will make efforts so that product is suitable as per consumer needs by using ads for targeted audience. The company has launched its independent D2C portal where consumers can directly buy from their website and get detailed information about the product which will help them to make proper buying decisions. The smart move of utilizing proper strategy helps to connect consumers and brand together which ensures smooth access of our products among different platforms.
Community intiatives
- The company launched “ujjwal” a program created to nurture skills of electricians. The program is certified by NSDC organization by providing training to more than 5000 electricans in whole India during FY-24 by giving them “skill India” certificate on completion of training. The company has adopted two girls school in Faridabad, Haryana for full growth.
Superior sales service
- The company has set up strong service network with the purpose to solve troubles faced by customer by developing trust and loyalty. The company has made strong commitment to offer amazing customer service, on-time technical support, and smooth service operations. To ensure smooth access and efficient service, the small steps give preference to quicker solutions to the problem and dynamic communication among different platforms.
- The company provides deep training and growth programs for frontline staff, improving their communication skills to fulfill the requirement of customers. Moreover, the call center of the company is integrated with dialler management system, where trained experts handle customer calls smoothly and provide solution by improving First-time resolution rates.
Orient Electric Ltd – Watch full video
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Orient Electric Ltd Share Price Target – 2024 to 2040
| Year | Minimum price ($) | Average price ($) | Maximum price ($) |
|---|---|---|---|
| 2024 | 269 | 287 | 305 |
| 2025 | 309 | 331 | 352 |
| 2026 | 363 | 396 | 429 |
| 2027 | 436 | 473 | 510 |
| 2028 | 518 | 580 | 642 |
| 2029 | 644 | 760 | 876 |
| 2030 | 874 | 899 | 924 |
| 2040 | 2892 | 3008 | 3124 |
Orient Electric Ltd Share Price Target – 2024
- If market faces bearish sentiments, the minimum projected price is anticipated to reach Rs 269. The average trading price is projected to hit Rs 287 at the end of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to reach Rs 305. The company has maintained strong liquidity and genuine management of finance has build stronger financial position. This has encouraged smart decision making and encouraged wise investments for sustainable development by improving technology. The company’s financial postion is very strong and has capacity to provide funding of Rs 210+ crore project in Hyderabad and has the ability to development in future initiatives.
Orient Electric Ltd Share Price Target – 2025
- If market observes downward trends, the minimum projected price is anticipated to reach Rs 309. The average trading price is projected to reach Rs 331 at the end of the year. If market faces bullish sentiments, the maximum predicted price is estimated to reach Rs 352. The company’s main aim is to minimize cost of product which has given amazing results which has allocated 3% of benefit. The strong commitment to bring down cost has led to penetration of organization system. The company has constantly developed free cash flow due to which net-debt has became negative. This financial power shows that company has excess cash which is sufficent to pay its debt.
Orient Electric Ltd Share Price Target – 2026
- If market faces bearish sentiments, the minimum projected price is estimated to reach Rs 363. The average trading price is projected to hit Rs 396 at the end of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to reach Rs 429. The current focus of company is to properly diversify its funds and due to its high liquidity encourages us capitalise on multiple scope of development, reduces risks from destruction of huge funding and adopt to market changes. This improves financial strength by assuring huge resources for current investments, operations, and systematic movement.
Orient Electric Ltd Share Price Target – 2027
- If market observes downward trends, the minimum projected price is estimated to reach Rs 436. The average trading price is projected to hit Rs 473 at the end of the year. If market observes bullish sentiments, the maximum forecasted price is expected to reach Rs 510. The company is constantly making improvement in reserves do that if unexpected situations arise it can handle easily. The major part of finance is managed by modern technology which assures smooth, implementation of transactions on time. This addition of technology expands to range of products and operations which are fully virtual, improving operations effectively and encouraging decison based on data.
Orient Electric Ltd Share Price Target – 2028
- If market faces bearish sentiments, the minimum projected price is estimated to reach Rs 518. The average trading price is projected to hit Rs 580 at the end of the year. If market observes bullish sentiments, the maximum predicted price is expected to touch Rs 642. The company has adopted smooth polices to assure proper control and encourage our distributors, enetering into new channels such as tender, B2B, digital, direct-to-market. these policies helps us to make proper diversification of products, reducing risks, and investing on emerging opportunities.
Orient Electric Ltd Share Price Target – 2029
- If market faces bearish sentiments, the minimum projected price is estimated to reach Rs 644. The average trading price projected to reach Rs 760 at the end of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 876. The company has made huge investment in creative products to bring down adverse effect of manufacturing process on atmposphere. The BLDC technology reduces cost by 50% in fans and air coolers. The company has replaced dangerous chemicals such as chromium and phoshating with ceramic coating for uses of metal surface treatment. This improves quality and it sustains for longer time in manufacturing, creative innovation, environmental damage reducing.
Orient Electric Ltd Share Price Target – 2030
- If market observes downward sentiments, the minimum projected price is anticipated to reach Rs 874. The average trading price is projected to hit Rs 899 at the end of the year. If market observes bullish signals, the maximum projected price is estimated to reach Rs 924. The liquid waste released from factory are properly utilized in sewage treatment and the treated water is used for gardening and cleaning purpose making proper disposal of waste. By execution of exhaustive management of waste and systematically arranging proper electronic waste, we preserve soil and water pollution and prevent the huge release of toxic chemicals in natural environment.
Orient Electric Ltd Share Price Target – 2040
- If market observes downward trends, the minimum projected price is estimated to reach Rs 2892. The average trading price is estimated to reach Rs 3008 at the end of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 3124. The company has integrated compoast framework which will convert organic waste into genuine asset to make soil fertile. This movement brings down greenhouse gas pollution from polluted land, presenting climate change.
FAQs
Q1) Who is the promoter of Orient Electric Ltd?
- Ans – The promoter of Orient Electric Ltd is CK Birla.
Q2) Is Orient Electric Ltd a profitable company?
- Ans – Yes, Orient Electric Ltd has net profit of 75 crores in FY-24 which was 1.3% less comp[ared to net profit of Rs 76 crores in FY-23.
Q3) Is Orient Electric Ltd a debt free company?
- Ans – No, the Orient Electric Ltd has short term borrowing of Rs 19 crores and there is no Long term borrowing take by the company.
Q4) Who are the competitors of Orient Electric Ltd?
- Ans – The competitors of Orient Electric Ltd are Havells, Anchor, Crompton, Philips and Syska.
Q5) What is the old name of Orient Electric Ltd?
- Ans – The old name of Orient Electric Ltd is Calcutta Electrical Manufacturing Company.
Q6) What is turnover of Orient Electric Ltd?
- Ans – The turnover of Orient Electric Ltd for FY-24 is Rs 2812 crores which is 12% higher compared to FY-23 where turnover was Rs 2529 crores.
Q7) What is Future of Orient Electric Ltd share price?
- Ans – The Future of Orient Electric Ltd is very bright as there is consistent increment in sales from 2017 to 2024 from Rs 213 to 2812 crores. The net profit of the company in 2017 was Rs 12 crores which has greach to Rs 75 crores in year 2024. The company is involved in the manufacturing of lights, switchgears, BLDC fans, geyser. If you hold the shares of company for almost 5 years you can expect aroun 150% growth in share price.
Q8) Is Orient Electric Ltd a good share to buy?
- Ans – Yes, Orient Electric Ltd is a good share to buy. The company has very less short term borrowing of Rs 19 crores. The company has experience of almost 7 decades. the company belongs to part of CK Birla group which has net worth of $3 billion. The company is completely safe for investors to buy. In past year company has provided CAGR of 15% which is decent.