Orient Bell Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹607 Cr
- P/E
- 28.63
- ROE
- 3.80%
- PEG
- -1.62
- Price to sales
- 0.83
- Debt to equity
- 0.10
- 52W high / low
- ₹433 / ₹252
- Sales growth (5Y)
- 6.34%
- EBITDA margin
- 6.82%
- Net profit margin
- 1.76%
- Promoter holding
- 65.74%
- Sales (last year)
- ₹744 Cr
Incorporated in 1977, Orient Bell Ltd is in the business of manufacturing, trading and selling of ceramic and floor tile[1]
Guidance scorecard · Q2 FY27 call
What Orient Bell's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
20–40%- They remain encouraged by continued sales momentum and positive trends over the last few quarters.
- Focus on strengthening demand generation, customer engagement, and market penetration to drive growth.
- Retail segment has shown faster growth recently compared to projects; management aims to build enterprise and large builder segment volumes too.
- Capacity utilization improved to 73% with headroom to grow; converting underutilized ceramic lines to vitrified tiles for better utilization and product mix.
- Recent supply gaps due to Morbi plant shutdowns created opportunities for growth, benefiting organized players like Orient Bell.
2 more points from Orient Bell's call on revenue
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MarginsQ1 FY27 call
FlatSee what Orient Bell said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current small capex of around INR15 crores planned over the next 4-5 months, internally financed.
- This capex includes converting an underutilized ceramic line into a GVT (Glazed Vitrified Tile) line and upgrading digital printing and polishing machines for product enhancement.
- Larger portion of the available cash (around INR75 crores) is intended to be invested back into the business; exact plans are being debated and expected to be announced within 3-4 months.
- Focus is also on expanding manufacturing capabilities with decisions expected in the next 2-3 months.
2 more points from Orient Bell's call on capex
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FundraisingQ1 FY27 call
See what Orient Bell said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The discussion focuses mainly on financial performance, volume growth, manufacturing capacity, price hikes, gas cost impact, and market dynamics.
- 2,000+ new projects are added monthly to their project management tool (PMT), indicating active order inflow.
- Growth in retail and project segments, with project revenue around 18% of sales in Q1.
2 more points from Orient Bell's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Orient Bell latest results (Sep 2026)
Revenue
₹225 Cr
+37% YoY
Net profit
₹12 Cr
+300% YoY
Operating margin
9%
EPS
₹8.06
Orient Bell shareholding (Sep 2026)
Promoters
65.74%
−0.18 pp QoQ
FIIs
0.32%
+0.11 pp QoQ
DIIs
0.22%
+0.19 pp QoQ
Public
33.74%
−0.11 pp QoQ
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹167 Cr | 15.2 | |
| 2 | 40%+ | Up 0–2% | ₹2,079 Cr | 18.1 | |
| 3 | 40%+ | Flat | ₹1,979 Cr | 28.8 | |
| 4 | 40%+ | Flat | ₹1,973 Cr | 20.8 | |
| 5 | 40%+ | Flat | ₹567 Cr | 17.9 | |
| 6 | 40%+ | Flat | ₹185 Cr | 16.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Orient Bell
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Orient Bell
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 64.97% | 64.90% | 64.89% | 64.89% | 65.11% | 65.35% | 65.42% | 65.61% | 65.56% | 65.92% | 65.92% | 65.74% |
| FIIs + | 0.10% | 0.06% | 0.17% | 0.22% | 0.31% | 0.26% | 0.22% | 0.18% | 0.18% | 0.19% | 0.21% | 0.32% |
| DIIs + | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.22% |
| Public + | 34.92% | 35.02% | 34.93% | 34.87% | 34.55% | 34.37% | 34.32% | 34.18% | 34.24% | 33.87% | 33.85% | 33.74% |
| No. of Shareholders | 16,877 | 17,511 | 16,572 | 16,093 | 15,948 | 15,609 | 15,695 | 15,517 | 15,052 | 14,675 | 14,822 | 14,491 |
Financials of Orient Bell
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 160 | 162 | 208 | 148 | 160 | 161 | 191 | 140 | 164 | 166 | 213 | 201 | 225 |
| YoY Sales growth | -8% | -8% | +4% | +3% | +0% | -1% | -8% | -5% | +2% | +4% | +11% | +43% | +37% |
| Expenses + | 154 | 161 | 197 | 144 | 153 | 153 | 182 | 135 | 155 | 156 | 198 | 185 | 204 |
| Operating Profit | 5 | 1 | 12 | 4 | 8 | 7 | 9 | 5 | 9 | 10 | 15 | 16 | 21 |
| OPM % | 3.3% | 0.6% | 6% | 3.0% | 4.7% | 4.7% | 4.5% | 3.5% | 6% | 6% | 7% | 8% | 9% |
| Other Income + | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 5 | 5 |
| Profit before tax | 1 | -5 | 6 | -2 | 1 | 1 | 3 | -1 | 3 | 4 | 8 | 11 | 16 |
| Tax % | 41% | -26% | 26% | -5% | -19% | 32% | 25% | -24% | 19% | 30% | 26% | 25% | 25% |
| Net Profit + | 0 | -3 | 5 | -2 | 1 | 1 | 2 | -1 | 3 | 3 | 6 | 8 | 12 |
| EPS in Rs | 0.23 | -2.39 | 3.17 | -1.33 | 0.77 | 0.59 | 1.65 | -0.45 | 1.84 | 2.04 | 4.16 | 5.73 | 8.06 |
Financials of Orient Bell
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 675 | 685 | 637 | 655 | 571 | 492 | 502 | 654 | 705 | 674 | 660 | 683 | 805 |
| Sales growth | +18% | +1% | -7% | +3% | -13% | -14% | +2% | +30% | +8% | -4% | -2% | +4% | +23% |
| Expenses + | 629 | 638 | 581 | 606 | 534 | 466 | 469 | 598 | 658 | 653 | 632 | 644 | 742 |
| Operating Profit | 46 | 47 | 57 | 49 | 37 | 26 | 34 | 57 | 47 | 21 | 28 | 39 | 62 |
| OPM % | 7% | 7% | 9% | 7% | 6% | 5% | 7% | 9% | 7% | 3.1% | 4.3% | 6% | 8% |
| Other Income + | 2 | 2 | 1 | 21 | 2 | 5 | 3 | 2 | 5 | 3 | 3 | 2 | 3 |
| Interest | 21 | 19 | 13 | 7 | 9 | 8 | 6 | 4 | 2 | 2 | 5 | 4 | 3 |
| Depreciation | 18 | 17 | 19 | 15 | 17 | 21 | 21 | 21 | 21 | 21 | 23 | 22 | 22 |
| Profit before tax | 10 | 13 | 25 | 47 | 14 | 3 | 11 | 34 | 29 | 0 | 3 | 15 | 40 |
| Tax % | 53% | 50% | 45% | 15% | 35% | -160% | 35% | 9% | 25% | 79% | 27% | 26% | |
| Net Profit + | 5 | 6 | 14 | 40 | 9 | 7 | 7 | 31 | 22 | 0 | 2 | 11 | 29 |
| EPS in Rs | 3.46 | 4.60 | 9.57 | 28.14 | 6.25 | 4.78 | 4.89 | 21.51 | 15.01 | 0.04 | 1.69 | 7.59 | 19.99 |
| Dividend Payout % | 14% | 11% | 5% | 2% | 8% | -0% | 10% | 5% | 7% | 1,216% | 30% | 13% |
Financials of Orient Bell
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 15 |
| Reserves | 168 | 174 | 167 | 208 | 217 | 224 | 233 | 267 | 292 | 294 | 296 | 308 | 327 |
| Borrowings + | 166 | 133 | 110 | 77 | 101 | 61 | 40 | 16 | 9 | 45 | 46 | 31 | 24 |
| Other Liabilities + | 136 | 134 | 127 | 133 | 126 | 120 | 148 | 155 | 165 | 199 | 161 | 167 | 169 |
| Total Liabilities | 484 | 455 | 418 | 431 | 458 | 419 | 435 | 452 | 481 | 553 | 518 | 521 | 535 |
| Fixed Assets + | 223 | 209 | 201 | 196 | 239 | 233 | 207 | 207 | 250 | 296 | 278 | 262 | 253 |
| CWIP | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 3 | 0 | 1 | 0 | 6 |
| Investments | 20 | 23 | 23 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 8 | 37 | 48 |
| Other Assets + | 240 | 222 | 193 | 228 | 213 | 180 | 222 | 239 | 222 | 251 | 231 | 221 | 227 |
| Total Assets | 484 | 455 | 418 | 431 | 458 | 419 | 435 | 452 | 481 | 553 | 518 | 521 | 535 |
Financials of Orient Bell
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 47 | 42 | 51 | 27 | 41 | 64 | 19 | 44 | 34 | 40 | 34 | 47 |
| Cash from Investing Activity + | -2 | -5 | -14 | 5 | -56 | -4 | 5 | -12 | -21 | -63 | -8 | -51 |
| Cash from Financing Activity + | -48 | -37 | -37 | -32 | 15 | -61 | -23 | -29 | -13 | 33 | -5 | -20 |
| Net Cash Flow | -3 | -0 | -0 | 0 | -0 | 0 | 1 | 2 | -0 | 10 | 21 | -24 |
| Free Cash Flow | 44 | 38 | 36 | 13 | -15 | 60 | 23 | 17 | -25 | -23 | 28 | 43 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 105% | 93% | 96% | 82% | 118% | 253% | 69% | 90% | 90% | 193% | 117% | 129% |
Financials of Orient Bell
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 56 | 58 | 70 | 74 | 64 | 67 | 58 | 58 | 71 | 67 | 60 |
| Inventory Days | 123 | 103 | 90 | 113 | 122 | 125 | 94 | 97 | 119 | 114 | 77 | 84 |
| Days Payable | 124 | 118 | 86 | 99 | 101 | 119 | 147 | 135 | 153 | 184 | 122 | 129 |
| Cash Conversion Cycle | 49 | 41 | 63 | 84 | 96 | 71 | 15 | 20 | 23 | 1 | 22 | 15 |
| Working Capital Days | -8 | 2 | 13 | 42 | 41 | 50 | 32 | 31 | 39 | 35 | 29 | 23 |
| ROCE % | 9% | 10% | 13% | 12% | 7% | 3% | 5% | 13% | 10% | 1% | 2% | 6% |
Guidance history
How Orient Bell's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY26 call → | 0–10% | Flat | None planned | None planned | — |
| Q3 FY26 call → | 0–10% | Flat | None planned | — | — |
| Q2 FY26 call → | 0–10% | Flat | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
40 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,937 stocks |
|---|---|---|
| Last 12 months | +46.4% | 82% |
| Last 6 months | +27.4% | 76% |
| Last 3 months | +17.3% | 85% |
The price is 44.2% below its all-time high of ₹738 (15 Jul 2022). Stocks more than 20% below their peak have their score halved, so 80 became 40.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Orient Bell: 0.4 × 82 + 0.4 × 76 + 0.2 × 85 = 80, halved to 40 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Orient Bell: frequently asked questions
What is Orient Bell share price today?
Orient Bell last traded at ₹411.5, with a market capitalisation of ₹607 Cr and a P/E ratio of 28.6.
What were Orient Bell's latest quarterly results?
For the quarter ended Sep 2026, Orient Bell reported revenue of ₹225 Cr (+37% year on year) and net profit of ₹12 Cr, with an operating margin of 9%.
Is Orient Bell's profit growing?
Net profit was ₹12 Cr in Sep 2026 against ₹3 Cr in Sep 2025, a change of +300%.
What is Orient Bell's EPS?
Orient Bell's earnings per share for the quarter ended Sep 2026 was ₹8.06.
What is the promoter holding in Orient Bell?
Promoters held 65.74% of Orient Bell in Sep 2026 (−0.18 pp versus Jun 2026).
How much do FIIs and DIIs hold in Orient Bell?
In Sep 2026, foreign institutional investors held 0.32% and domestic institutions (including mutual funds) held 0.22% of Orient Bell.
What is Orient Bell's ROE and ROCE?
Orient Bell's return on equity is 3.8% and its return on capital employed is 5.58%.
Does Orient Bell pay a dividend?
Yes. Orient Bell's dividend yield is 0.24% at the current price. The full payout history is on the Orient Bell dividends page.
Which sector does Orient Bell belong to?
Orient Bell is in the Consumer Durables sector. Its peer comparison and sector ranking are on this page.
What did Orient Bell's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Orient Bell's management.
How does Arthneeti AI analyse Orient Bell?
Arthneeti reads Orient Bell's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
Continue your research
What Orient Bell's management said in earlier quarters
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