ORIENTBELLConsumer Discretionary

Orient Bell Limited

Ceramics · ISIN INE607D01018 · BSE 530365 · NSE EQ · FV ₹10
Last price
₹387
+0.79%today
What this company does

Orient Bell Limited operates in Ceramics, part of the Consumer Discretionary sector. It booked ₹204 cr of revenue in its latest quarter (Q1 FY27) and kept 4.1% of sales as profit. It is the 5th largest of 8 Ceramics companies we track, by market value.

The Company is engaged in the business of manufacture and trading of Ceramic Tiles.
In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
53

At close. Not part of the score.

Profitability & returns56

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality72

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation57

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 43% vs last year
Promoters hold 66%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 4.1% net margin

What if I invest in ORIENTBELL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 8% a year, it would become
₹18.13 lakh

The slider starts at 8%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹387 +0.79%
latest close · 2026-09-17
1-year return
+21.4%
52-wk low ₹31052-wk high ₹688
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.1Average
LowAverageHigh
P/B ratio1.73Moderate
Below bookModerateHigh
EV / EBITDA8.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.1%Fair
WeakFairStrong ▸15%
Return on capital12.8%Fair
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin8.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover17.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.68Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹569 cr
Book value
₹224
EPS
₹5.66
latest quarter
Net debt
₹19 cr
owes more than its cash
Enterprise value
₹588 cr
EBITDA
₹70 cr
annualised
EBIT
₹49 cr
annualised
Operating margin
6.0%
Return on assets
6.4%
Earnings yield
5.85%
P/S
0.70
Sales / share
₹554.7
Tax rate
24.8%
Face value
₹10
Shares
1.5 cr
Working capital
₹99 cr
Current assets
₹244 cr
Current liabilities
₹146 cr
Delivery %
57.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹164₹209, midpoint ₹186

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹204 cr
Other Income₹1 cr
Total Income₹205 cr
Cost of Materials₹34 cr
Purchases of Stock-in-Trade₹43 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹30 cr
Finance Costs₹71.4 L
Depreciation & Amortisation₹5 cr
Other Expenses₹86 cr
Total Expenses₹193 cr
Profit before Tax₹11 cr
Tax Expense₹3 cr
Share of JV / Associates₹-25.9 L
Net Profit₹8 cr
Net margin on total income4.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹72 cr35.0%
Employee benefit expense₹30 cr14.7%
Finance costs₹71.4 L0.3%
Depreciation & amortisation₹5 cr2.7%
Other expenses₹86 cr41.9%
Tax expense₹3 cr1.4%
Profit for the period₹8 cr4.1%
Total income ₹205 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue169 cr215 cr204 cr
Total income169 cr216 cr205 cr
Expenses165 cr206 cr193 cr
Profit before tax4 cr8 cr11 cr
Tax1 cr2 cr3 cr
Net profit (owners' share)3 cr6 cr8 cr
Net margin (owners' share, on revenue)2.0%2.9%4.1%
EPS (₹)2.314.245.66
YoY (latest quarter): total income +42.7% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹524 cr
Shareholder equity
₹329 cr
parent shareholders
Total debt
₹30 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹12 cr
Investing
₹-28 cr
Financing
₹-11 cr
Peer comparison
Ceramics · by market value
CompanyPriceMarket capP/E
Kajaria Ceramics Limited₹1,217₹19,390 cr28.6
Somany Ceramics Limited₹566₹2,320 cr16.3
Nitco Limited₹86₹2,067 cr
Asian Granito India Limited₹50₹1,481 cr46.3
Orient Bell Limitedthis company₹387₹569 cr17.1
Exxaro Tiles Limited₹6₹280 cr31.3
Murudeshwar Ceramics Limited₹29₹173 cr55.1
Regency Ceramics Limited₹35₹93 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.26%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹1 / share24 Jul 2026
Dividend₹0.5 / share21 Jul 2025
Dividend₹0.5 / share30 Jul 2024
Dividend₹1 / share18 Jul 2023
Dividend₹1 / share13 Jul 2022
Dividend₹0.5 / share16 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
65.9%
FII / Foreign
0.2%
DII / Domestic
0.0%
Retail / others
33.8%
Promoter stake up 0.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMAHENDRA K. DAGA · Promoters10,092 · ₹27.7 L25 Mar 26
BoughtGood Team Investment and Trading Company Private Limited · Promoter Group1,650 · ₹4.9 L4 Mar 26
BoughtMahendra K Daga · Promoters2,000 · ₹5.8 L4 Mar 26
Bulk / block deals
BoughtDAGA SARLA · NSE4.32 L @ ₹228.6828 Mar 25
SoldDAGA MAHENDRA KUMAR · NSE4.23 L @ ₹228.7128 Mar 25
BoughtXTX MARKETS LLP · NSE83,135 @ ₹627.228 Feb 22
Stake changes
BoughtGOOD TEAM INVESTMENT AND TRADING COMPANY PRIVATE LIMITED · promoter→ 16.73% · 6,56027 Aug 26
SoldFreesia Investment and Trading Co Ltd · promoter→ 4.24% · 6,56027 Aug 26
SoldFREESIA INVESTMENT AND TRADING COMPANY LIMITED · promoter→ 4.28% · 42,18726 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Aug 2026
See the official result
1
To consider and adopt the audited Balance Sheet as at 31st March 2026, the Profit & Loss Account and Cash Flow Statement for the financial year ended on that date (including the consolidated financial statements) and the reports of Directors’ and Statutory Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.25 L votes for, 515 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Ms. Bindiya Shyam Agrawal (DIN: 09373404), who retires by rotation and being eligible has offered herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
3.25 L votes for, 515 against · 0% of mutual funds and other big investors said no
3
To declare a dividend of 1/- (Rupee one only) per equity share (10% of the face value of 10/- each) for the financial year ended 31st March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
3.25 L votes for, 515 against · 0% of mutual funds and other big investors said no
4
To approve the re-appointment of Mr. Mahendra K. Daga (DIN: 00062503) as the Chairman and Whole Time Director of the Company for a further period of three consecutive years commencing from 1st April, 2027 till 31st March 2030.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
3.25 L votes for, 515 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 65.9% between them · as of 2026-06-30
MAHENDRA KUMAR DAGA21.00%
GOOD TEAM INVESTMENT AND TRADING CO PVT LTD16.69%
SARLA DAGA15.55%
FREESIA INVESTMENT AND TRADING COMPANY LTD4.57%
MAHENDRA KUMAR DAGA (HUF)3.23%
MADHUR DAGA2.29%
ROMA MONISHA SAKRANEY DAGA0.85%
ALFA MERCANTILE LTD.0.79%
Business done with them
FY2026 · 2 of the group
The company paid ₹95.7 L to companies in the promoter group last year — about 0.1% of its ₹691 cr revenue.
FREESIA INVESTMENT AND TRADING COMPANY LIMITED
Other payments to them · Rent paid , Investment , Trade and other Payables
also owns 4.57% of the company
₹95.4 L
company paid
Sarla Daga
Other payments to them · Shareholder
also owns 15.55% of the company
₹0.24 L
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.