Orient Bell Limited (ORIENTBELL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-84.4%

₹55.26

vs ₹354.05 price

Levered DCF

₹206.37

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	29.83×	123.45×	559.68×	32.46×	22.64×	38.14×	10.89×	28.06×
P/B	1.13×	1.32×	1.64×	2.35×	2.56×	1.17×	0.32×	1.07×
P/S	0.54×	0.62×	0.76×	1.04×	1.12×	0.59×	0.16×	0.44×
EV / EBITDA	9.4×	13.94×	22.36×	14.51×	12.74×	8.97×	4.43×	8.92×
Gross margin	18.3%	35.6%	55.1%	60.7%	53.1%	47.0%	47.1%	48.8%
Operating margin	2.5%	20.7%	0.3%	42.0%	5.3%	2.4%	1.6%	3.7%
Net margin	1.8%	0.4%	0.1%	3.2%	4.9%	1.5%	1.4%	1.6%
Current ratio	1.68×	1.55×	1.45×	1.55×	1.71×	1.78×	1.67×	1.48×
Debt / equity	0.09×	0.15×	0.14×	0.03×	0.05×	0.16×	0.26×	0.43×
Interest coverage	4.75×	29.08×	1.03×	122.41×	9.65×	2.12×	0.96×	2.44×
Dividend yield	0.2%	0.2%	0.3%	0.2%	0.1%	0.0%	1.1%	0.3%
Payout ratio	5.9%	25.7%	158.8%	6.4%	2.2%	0.3%	12.3%	9.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.8%	0.9%	0.3%	7.2%	11.3%	3.1%	3.0%	3.8%
Return on invested capital	3.3%	26.5%	0.4%	63.3%	9.7%	2.5%	2.3%	3.7%
Return on assets	2.4%	0.5%	0.2%	4.7%	7.2%	1.8%	1.7%	1.9%
Free cash flow yield	10.8%	6.5%	-4.8%	-3.6%	3.9%	3.3%	77.0%	-6.8%
Earnings yield	3.4%	0.7%	0.2%	3.1%	4.4%	2.6%	9.2%	3.6%
Enterprise value	₹3.7B	₹4.3B	₹5.4B	₹7.4B	₹7.4B	₹3.3B	₹1.4B	₹3.5B
Net debt / EBITDA	0.03×	0.37×	1.32×	0.11×	0.21×	1.06×	1.95×	2.57×
Cash conversion cycle (days)	33	29	-1	19	21	18	70	93