Orient Electric Limited (ORIENTELEC.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

-12.4%

₹159.58

vs ₹182.22 price

Levered DCF

₹30.39

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.47

Safe zone

Rating

B+

Overall 3 / 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	34.81×	54.01×	56.25×	75.71×	53.81×	55.22×	52.94×	47.68×
P/B	4.39×	6.47×	6.63×	9.83×	12.59×	14.5×	11.6×	10.79×
P/S	1×	1.45×	1.51×	2.27×	2.78×	3.31×	2.05×	1.81×
EV / EBITDA	14.83×	22.22×	24.44×	32.57×	28.79×	29.38×	24.82×	22.62×
Gross margin	19.6%	32.1%	28.8%	27.9%	17.2%	28.6%	30.3%	32.8%
Operating margin	4.6%	22.2%	3.1%	3.8%	7.5%	8.8%	6.6%	6.9%
Net margin	2.9%	2.7%	2.7%	3.0%	5.2%	6.0%	3.9%	3.8%
Current ratio	1.42×	1.33×	1.28×	1.49×	1.56×	1.38×	1.32×	1.33×
Debt / equity	0.12×	0.12×	0.17×	0.17×	0.12×	0.13×	0.43×	0.44×
Interest coverage	6.74×	28.39×	4.37×	4.4×	10.69×	10.28×	5.12×	5.52×
Dividend yield	1.0%	0.7%	0.8%	0.7%	0.6%	0.4%	0.7%	0.8%
Payout ratio	33.4%	38.5%	42.5%	56.0%	33.5%	22.1%	37.4%	36.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.6%	12.0%	11.8%	13.0%	23.4%	26.3%	21.9%	22.6%
Return on invested capital	12.6%	62.8%	8.7%	10.2%	21.1%	24.2%	17.0%	18.8%
Return on assets	5.8%	5.4%	5.2%	6.0%	10.7%	10.3%	8.2%	7.8%
Free cash flow yield	2.3%	0.7%	-1.3%	1.3%	-0.5%	5.9%	1.8%	2.9%
Earnings yield	2.9%	1.9%	1.8%	1.3%	1.9%	1.8%	1.9%	2.1%
Enterprise value	₹34B	₹45.3B	₹42.8B	₹56.8B	₹67.3B	₹65.3B	₹43.2B	₹34.1B
Net debt / EBITDA	0.26×	0.16×	0.26×	-0.38×	-0.35×	-0.35×	0.85×	0.69×
Cash conversion cycle (days)	44	31	17	18	33	-4	54	53