Orient Electric Ltd
Orient Electric Ltd (ORIENTELEC)

Orient Electric Ltd (ORIENTELEC)

₹283.450.24%

Key Stats

₹282
Day's Price Range
₹286.9
₹278.8
52-Week Price Range
₹408
1 Month Return-14.31 %
3 Month Return-15.77 %
1 Year Return-0.46 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 17
EPS
Rank 17
BVPS
Rank 26
Dividend Yield
Rank 11
ROE
Rank 4
29.38%
Price To Book Ratio
Rank 18
Debt To Asset
Rank 26

Company Information

Orient Electric Ltd was incorporated on 10th October 2016 and was a subsidiary of Orient Paper Industries Ltd. OPIL. A scheme of arrangement had been filed with the National Company Law Tribunal to demerge the consumer electric business of the holding Company OPIL by transferring the same on a going concern basis to the Company w.e.f 1st March 2017 which has subsequently been approved by the National Company Law Tribunal.Pursuant to Scheme of Arrangement shares held by the demerged Company stands cancelled and post demerger the Company is no more a subsidiary of OPIL.The Company is primarily engaged in manufacture/purchase and sale of Electrical Consumer Durables and Lighting switchgear products. The Company presently has manufacturing facilities at Faridabad Noida Kolkata and Guwahati. The Company has allotted 212185502 equity shares of Re 1 each to the shareholders of the Demerged Company Orient Paper Industries Limited in the ratio of 1:1 subsequent to passing of the aforesaid order by NCLT. The COVID19 pandemic rapidly gathered momentum during March 2020 to trigger a Janata Curfew on 22nd March 2020 followed by factory closures from 23rd March 2020 and a countrywide lockdown w.e.f. 24th March 2020.
OrganisationOrient Electric Ltd
HeadquartersBhubaneswar
IndustryConsumer Durables