Orient Electric Q3 Review - Investments To Drive Strong Industry Leading Growth In Medium Term: Yes Securities

Yes Securities Report.Given the investments that Orient Electric Ltd.'s have been made for strong growth in domestic markets and new exports opportunity we expect company to deliver industry leading growth with margins normalising sooner than expected.We continue to remain positive on the stock and reiterate our 'Buy' rating with revised target price of Rs 296 valuing 35 times on FY26. We are anticipating revenue compound annual growth rate of 16%, and Ebitda and profit after tax CAGR of 30% and 35% respectively for FY23-26E.We believe Orient Electric can outperform peers and could lead to market share gains. We believe if strategy executed well could result in strong growth in medium term..Click on the attachment to read the full report:.From NTPC To SVJN: Power PSU Shares Jump To Record High After Higher Allocation In Budget.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Orient Electric Q3 Review - Investments To Drive Strong Industry Leading Growth In Medium Term: Yes Securities

Revenue was flat on YoY basis as ECD saw marginal decline while lighting has seen muted revenue growth on back of price erosion in LED.

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Orient Electric Q3 Review - Investments To Drive Strong Industry Leading Growth In Medium Term: Yes Securities

Revenue was flat on YoY basis as ECD saw marginal decline while lighting has seen muted revenue growth on back of price erosion in LED.

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