ORIENTBELL

Orient Bell Limited

Branded ceramic and vitrified tiles manufacturer

Consumer Discretionary›Consumer Durables›Consumer Durables›Ceramics

orientbell.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹401.35
Market cap
590 Cr
Stock P/E
28.0
P/B
1.80
Dividend yield
0.1%
ROE (FY26)
3.8%
ROCE (FY26)
5.6%
Operating margin (FY26)
2.5%
Debt / equity (FY26)
0.09
OCF / EBITDA (FY26)
120.7%
OCF / EBITDA (3Y)
141.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Orient Bell (Orientbell) makes branded ceramic and vitrified tiles in India and sells them through dealers and to builders and other large buyers.

Company snapshot

6thBy market cap

Ranked among 10 companies in Ceramics.

What we see

Positives
  • ✓142% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 1.8% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales160 Cr161 Cr208 Cr148 Cr160 Cr163 Cr198 Cr143 Cr165 Cr169 Cr215 Cr204 Cr
Operating expenses (approx.)154 Cr161 Cr197 Cr144 Cr153 Cr156 Cr190 Cr138 Cr156 Cr159 Cr200 Cr187 Cr
EBITDA5 Cr-0.38 Cr12 Cr4 Cr8 Cr7 Cr9 Cr5 Cr9 Cr10 Cr15 Cr17 Cr
OPM %3.3%-0.2%5.6%3.0%4.7%4.6%4.3%3.5%5.6%6.1%7.0%8.1%
Other income0.75 Cr2 Cr0.55 Cr0.55 Cr0.49 Cr0.51 Cr1 Cr0.61 Cr0.52 Cr0.52 Cr1 Cr1 Cr
Interest0.44 Cr0.44 Cr0.57 Cr1 Cr1 Cr1 Cr1 Cr1 Cr0.99 Cr0.94 Cr0.68 Cr0.71 Cr
Depreciation5 Cr5 Cr5 Cr6 Cr6 Cr6 Cr5 Cr5 Cr5 Cr5 Cr6 Cr5 Cr
Profit before tax0.56 Cr-5 Cr7 Cr-2 Cr0.79 Cr1 Cr4 Cr-0.57 Cr4 Cr5 Cr8 Cr11 Cr
Tax %40.7%26.2%24.6%5.1%-22.9%29.4%22.8%34.8%17.3%28.1%25.6%25.4%
Net profit0.69 Cr-3 Cr5 Cr-2 Cr0.97 Cr0.97 Cr3 Cr-0.37 Cr3 Cr3 Cr6 Cr8 Cr
EPS (₹)₹0.48₹-2.32₹3.38₹-1.28₹0.67₹0.66₹1.88₹-0.26₹2.17₹2.31₹4.24₹5.66

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales688 Cr659 Cr571 Cr492 Cr502 Cr654 Cr705 Cr674 Cr667 Cr691 CrSign in free for the trailing twelve months
Operating expenses (approx.)633 Cr612 Cr534 Cr466 Cr470 Cr599 Cr658 Cr654 Cr642 Cr652 CrSign in free for the trailing twelve months
EBITDA54 Cr47 Cr37 Cr26 Cr32 Cr56 Cr47 Cr21 Cr25 Cr40 CrSign in free for the trailing twelve months
OPM %7.9%7.1%6.5%5.3%6.5%8.5%6.7%3.1%3.7%5.7%Sign in free for the trailing twelve months
Other income3 Cr2 Cr2 Cr5 Cr2 Cr3 Cr5 Cr3 Cr6 Cr3 CrSign in free for the trailing twelve months
Interest13 Cr7 Cr9 Cr8 Cr6 Cr4 Cr2 Cr2 Cr5 Cr4 CrSign in free for the trailing twelve months
Depreciation19 Cr15 Cr17 Cr21 Cr21 Cr21 Cr21 Cr21 Cr23 Cr22 CrSign in free for the trailing twelve months
Profit before tax26 Cr47 Cr14 Cr3 Cr11 Cr34 Cr30 Cr1 Cr4 Cr16 CrSign in free for the trailing twelve months
Tax %42.8%15.4%34.2%-143.7%32.8%8.7%24.7%19.3%24.7%24.0%Sign in free for the trailing twelve months
Net profit15 Cr40 Cr9 Cr7 Cr8 Cr32 Cr22 Cr0.91 Cr3 Cr12 CrSign in free for the trailing twelve months
EPS (₹)₹10.66₹28.73₹6.52₹4.99₹5.36₹22.36₹15.56₹0.63₹1.94₹8.46Sign in free for the trailing twelve months
Dividend payout %————-0.3%2.2%6.4%158.5%25.7%5.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr15 Cr15 Cr15 Cr
Reserves168 Cr208 Cr218 Cr225 Cr235 Cr270 Cr296 Cr298 Cr301 Cr314 Cr
Borrowings110 Cr87 Cr101 Cr39 Cr24 Cr9 Cr2 Cr41 Cr44 Cr30 Cr
Other liabilities127 Cr123 Cr125 Cr141 Cr161 Cr158 Cr169 Cr200 Cr169 Cr165 Cr
Total liabilities419 Cr432 Cr459 Cr420 Cr434 Cr452 Cr481 Cr554 Cr529 Cr524 Cr
Fixed assets (net)201 Cr196 Cr239 Cr224 Cr201 Cr203 Cr245 Cr293 Cr277 Cr260 Cr
CWIP0.49 Cr1 Cr1 Cr0.67 Cr0.29 Cr0.62 Cr3 Cr0.05 Cr0.80 Cr0.41 Cr
Investments24 Cr6 Cr7 Cr7 Cr8 Cr9 Cr10 Cr10 Cr13 Cr43 Cr
Inventories75 Cr89 Cr85 Cr81 Cr60 Cr69 Cr86 Cr89 Cr62 Cr65 Cr
Trade receivables102 Cr126 Cr116 Cr87 Cr93 Cr103 Cr111 Cr131 Cr131 Cr113 Cr
Cash & bank0.25 Cr0.40 Cr0.11 Cr0.11 Cr0.76 Cr3 Cr3 Cr13 Cr34 Cr10 Cr
Other assets16 Cr13 Cr11 Cr21 Cr72 Cr65 Cr23 Cr17 Cr12 Cr31 Cr
Total assets419 Cr432 Cr459 Cr420 Cr434 Cr452 Cr481 Cr554 Cr529 Cr524 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity51 Cr27 Cr41 Cr65 Cr30 Cr56 Cr34 Cr40 Cr33 Cr48 Cr
Cash from investing-14 Cr5 Cr-56 Cr-4 Cr23 Cr-25 Cr-21 Cr-63 Cr-8 Cr-52 Cr
Cash from financing-37 Cr-31 Cr15 Cr-61 Cr23 Cr-29 Cr-13 Cr33 Cr-5 Cr-20 Cr
Net cash flow-0.03 Cr0.15 Cr-0.15 Cr0.0081 Cr77 Cr2 Cr-0.0031 Cr10 Cr21 Cr-24 Cr
Free cash flow (OCF − Capex)36 Cr11 Cr-17 Cr60 Cr30 Cr28 Cr-26 Cr-25 Cr27 Cr42 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.6%17.6%6.8%3.9%6.2%13.3%10.3%0.9%2.4%5.6%
ROE %8.3%18.0%4.0%3.0%3.1%11.3%7.2%0.3%0.9%3.8%
Debtor days54707464675757717159
Inventory days278290348413305262281305233226
Days payable265256289396493379376510423369
Cash conversion cycle6710413381-121-60-38-134-118-84
OCF / EBITDA %93.5%56.8%110.7%247.5%93.4%100.9%72.7%190.1%134.2%120.7%
OCF / EBITDA % (3 years)——85.6%120.1%142.2%132.2%89.3%105.2%115.5%141.6%
Debt / equity0.610.390.430.160.100.030.00600.130.140.09
Current ratio1.171.541.481.671.781.711.551.451.551.68
Net debt / EBITDA2.02—2.731.510.730.11-0.031.330.390.49