BSE:530365

Stock Analysis Report

Executive Summary

Orient Bell Limited manufactures, trades in, and sells ceramic tiles in India and internationally.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Risks

  • Orient Bell has significant price volatility in the past 3 months.
  • Orient Bell is not covered by any analysts.

Share Price & News

How has Orient Bell's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.6%

BSE:530365

-1.3%

IN Building

-0.7%

IN Market


1 Year Return

-41.6%

BSE:530365

-12.8%

IN Building

-12.1%

IN Market

530365 underperformed the Building industry which returned -13% over the past year.

530365 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

530365IndustryMarket
7 Day-2.6%-1.3%-0.7%
30 Day-9.2%-8.3%-4.6%
90 Day-17.1%-10.8%-4.3%
1 Year-41.2%-41.6%-12.3%-12.8%-10.3%-12.1%
3 Year-23.9%-24.7%16.3%14.2%18.9%12.8%
5 Year44.5%41.5%84.7%78.5%37.6%24.7%

Price Volatility Vs. Market

How volatile is Orient Bell's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Orient Bell undervalued based on future cash flows and its price relative to the stock market?

18.84x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Orient Bell's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Orient Bell's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Orient Bell is overvalued based on earnings compared to the IN Building industry average.

Orient Bell is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Orient Bell, we can't assess if its growth is good value.


Price Based on Value of Assets

Orient Bell is good value based on assets compared to the IN Building industry average.


Next Steps

Future Growth

How is Orient Bell expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Orient Bell is high growth as no revenue estimate data is available.

Orient Bell's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Orient Bell's revenue growth to the India market average as no estimate data is available.

Orient Bell's earnings growth is positive but not above the India market average.

Orient Bell's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Orient Bell will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Orient Bell performed over the past 5 years?

29.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Orient Bell has delivered over 20% year on year earnings growth in the past 5 years.

Orient Bell's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Orient Bell's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.


Return on Equity

Orient Bell has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Orient Bell used its assets less efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Orient Bell's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Orient Bell's financial position?


Financial Position Analysis

Orient Bell is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Orient Bell's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Orient Bell's level of debt (43.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (99.5% vs 43.4% today).

Debt is well covered by operating cash flow (40.6%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.1x debt.


Next Steps

Dividend

What is Orient Bell's current dividend yield, its reliability and sustainability?

0.42%

Current Dividend Yield


Dividend Yield and Payments Analysis

Orient Bell's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.63%).

Orient Bell's dividend is below the markets top 25% of dividend payers in India (2.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (12.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Orient Bell's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Aditya Gupta (51yo)

1.4yrs

Tenure

Mr. Aditya Gupta has been Chief Executive Officer of Orient Bell Ltd since March 6, 2018. Mr. Gupta served as Vice President of Bharti Airtel Limited. He is an engineer and MBA from IIT Bombay and IIM Bang ...


CEO Compensation Analysis

Aditya's remuneration is lower than average for companies of similar size in India.

Aditya's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.4yrs

Average Tenure

59yo

Average Age

The average tenure for the Orient Bell management team is less than 2 years, this suggests a new team.


Board Age and Tenure

7.3yrs

Average Tenure

61.5yo

Average Age

The tenure for the Orient Bell board of directors is about average.


Insider Trading

More shares have been bought than sold by Orient Bell individual insiders in the past 3 months.


Recent Insider Transactions

Buy₹1,874,09902 Aug 19
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares15,000
Max Price₹124.94
Buy₹1,916,00501 Jul 19
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares13,511
Max Price₹141.81
Buy₹801,92518 Feb 19
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares5,189
Max Price₹154.54
Buy₹740,52002 Jan 19
Iris Designs Pvt. Ltd.
EntityCompany
Shares4,114
Max Price₹180.00
Buy₹1,073,18028 Dec 18
Madhur Daga
EntityIndividual
Role
MD & Executive Director
Member of the Board of Directors
Shares6,425
Max Price₹167.60
Buy₹1,859,67519 Dec 18
Iris Designs Pvt. Ltd.
EntityCompany
Shares11,004
Max Price₹169.00
Buy₹850,00010 Dec 18
Madhur Daga
EntityIndividual
Role
MD & Executive Director
Member of the Board of Directors
Shares5,000
Max Price₹170.00
Buy₹184,99207 Dec 18
Freesia Investment & Trading Co. Ltd.
EntityCompany
Shares1,085
Max Price₹170.50
Buy₹495,87205 Dec 18
Freesia Investment & Trading Co. Ltd.
EntityCompany
Shares2,863
Max Price₹173.20
Buy₹2524 Nov 18
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares1,900
Max Price₹0.013
Buy₹4,496,16626 Oct 18
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares27,004
Max Price₹166.50
Buy₹1,082,50012 Sep 18
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares4,953
Max Price₹218.55
Buy₹1,186,50012 Sep 18
Freesia Investment & Trading Co. Ltd.
EntityCompany
Shares5,417
Max Price₹219.03
Buy₹1,082,85003 Sep 18
Mahendra Daga
EntityIndividual
Role
Chairman
Chairman of the Board
Shares5,000
Max Price₹216.57

Ownership Breakdown


Management Team

  • Madhur Daga (47yo)

    MD & Executive Director

    • Tenure: 2.3yrs
    • Compensation: 11.80m
  • Alok Agarwal

    Chief Marketing Officer

    • Tenure: 0.8yrs
  • Mahendra Daga (81yo)

    Chairman

    • Tenure: 25.7yrs
    • Compensation: 20.42m
  • Himanshu Jindal

    Chief Financial Officer

    • Tenure: 0.7yrs
  • Anil Agarwal (67yo)

    Chief Operations Officer

  • Yashpal Soni

    General Manager of Materials

    • Tenure: 6.4yrs
  • Pinaki Nandy

    Chief Sales Officer

    • Tenure: 0.8yrs
  • Aditya Gupta (51yo)

    Chief Executive Officer

    • Tenure: 1.4yrs
  • Yogesh Mendiratta

    Company Secretary & Head of Legal

  • Maria Castillo

    Chief Product & Solution Designer


Board Members

  • Mahendra Daga (81yo)

    Chairman

    • Compensation: 20.42m
  • Madhur Daga (47yo)

    MD & Executive Director

    • Tenure: 21.6yrs
    • Compensation: 11.80m
  • Kashinath Pai (67yo)

    Non-Executive Director

    • Tenure: 7.3yrs
    • Compensation: 10.08m
  • P. Mathai (69yo)

    Independent Non-Executive Director

    • Tenure: 7.3yrs
    • Compensation: 540.00k
  • Tanuja Joshi (56yo)

    Independent Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: 420.00k
  • Sameer Kamboj (49yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: 480.00k

Company Information

Orient Bell Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orient Bell Limited
  • Ticker: 530365
  • Exchange: BSE
  • Founded: 1977
  • Industry: building products
  • Sector: capital goods
  • Market Cap: ₹1.693b
  • Shares outstanding: 14.26m
  • Website: Click here

Number of Employees


Location

  • Orient Bell Limited
  • IRIS House
  • 16, Business Centre
  • New Delhi
  • Delhi
  • 110046
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530365BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
ORIENTBELLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

Orient Bell Limited manufactures, trades in, and sells ceramic tiles in India and internationally. It offers digital, ceramic, and vitrified tiles for bedroom, lobby, outdoor area, office, retail and parki ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:42
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.