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ORIENTELEC Share Price Target

Orient Electric Ltd.
NSE: ORIENTELEC | BSE: 541301 | ISIN: INE142Z01019 | Sector: Electric Equipment


5/5 (2 Ratings)
ORIENTELEC Share Price *
266 +5.3 (2.03%)
* (quote may be delayed)

2 ORIENTELEC share price target reports by brokerages below. See what is analyst's view on ORIENTELEC share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.

You can also find ORIENTELEC share price target tomorrow or next week from ORIENTELEC discussion forum.

ORIENTELEC Share Price Forecast - Consensus
No. of reports in last year
No. of analysts
Average Consensus Forecast
Consensus Potential

ORIENTELEC Share Price Target - Broker Reports - 2019

Price @ Call: 176.69
Target: 209
EBIT margin of the ECD segment declined 90bps YoY to 9.3% owing to minor impact from the disposal of slow moving stocks of appliances and consumer promotional schemes. EBIT margin of the L&S segment grew 70bps YoY to 7.2% despite price erosion in LED lamps. Adjusted tax rate at 34% (vs. our assumption of 26%) as the company is still evaluating shift to new income taxes regime led to 29% YoY decline in PAT to Rs49mn (adjusted for one-time provision, PAT was up 18% YoY). We maintain Buy rating on the stock with a revised target price of Rs209 (Rs197 earlier) based on 35x September 2021 EPS.
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Price @ Call: 159.4
Target: 197
Orient Electric is a strong financial franchise with FY19-FY22E CAGR of 15% revenue, 23% EBITDA (aided by 150bps margin expansion) and 26% PAT (aided by tax cuts). It operates at healthy return ratios (RoCE/RoE of 29%/24% in FY19), fixed asset turn (7.8x) and cash flows. We assign Buy rating to Orient Electric with a 33x P/E on September 2021 EPS with a target price of Rs197. We have assigned 18% P/E discount to Havells India and 10% P/E discount to V-Guard Industries owing to the lower margin profile of Orient Electric even though it offers the highest earnings growth. At our assigned P/E of 33x, Orient Electric is valued at a PEG ratio of 1.3x.
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Price @ Call: 146
Target: 210

Price @ Call: 143.15
Target: 180

  • ORIENTELEC - Share Price Target Potential

    Nirmal Bang209-24.74%
  • ORIENTELEC Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 3294.67
    Upside Target 2284.53
    Upside Target 1274.32
    Downside Target 1253.97
    Downside Target 2243.83
    Downside Target 3233.62
  • ORIENTELEC Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 3326.13
    Upside Target 2306.52
    Upside Target 1291.23
    Downside Target 1256.33
    Downside Target 2236.72
    Downside Target 3221.43
  • ORIENTELEC Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 3347.95
    Upside Target 2302.2
    Upside Target 1277
    Downside Target 1206.05
    Downside Target 2160.3
    Downside Target 3135.1
  • ORIENTELEC Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 3284.53
    Upside Target 2276.76
    Upside Target 1271.96
    Downside Target 1256.41
    Downside Target 2251.61
    Downside Target 3243.83
  • ORIENTELEC Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 3306.52
    Upside Target 2293.18
    Upside Target 1284.95
    Downside Target 1258.28
    Downside Target 2250.05
    Downside Target 3236.72
  • ORIENTELEC Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 3302.2
    Upside Target 2275.1
    Upside Target 1258.35
    Downside Target 1204.15
    Downside Target 2187.4
    Downside Target 3160.3
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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