Ceramic and glazed vitrified tile manufacturer running plants in Sikandrabad, Hoskote and Dora plus associate-entity capacity in Morbi, sold via dealers and its own Orient Bell Tile Showrooms.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 204 | +42.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.0 | +4.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 8.3 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 6.86 | +3.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 6.32 | +2.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 13.22 | +3.7 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
5 of 7 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 Capex Nature | More on maintenance and regulatory, not growth | Q4 FY25 | Promise relates to a completed fiscal year and remains achieved. | Achieved |
| FY27 TV Advertising Spend | Much more aggressively | Q3 FY26 | No specific update on marketing spend percentage was provided for Q1 FY27. | Ghosted |
| Target Capacity Utilization | 80-85% | Q4 FY25 | Capacity utilization improved significantly to 73% in Q1 FY27 from 64% in Q4 FY26, showing strong progress towards the 80-85% target required before a new capex cycle. | On Track |
2 of Orient Bell's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹302 on 24 Oct 2025 → ₹367.2. High ₹432.55 (7 Oct 2026), low ₹252.35 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Orient Bell manufactures ceramic tiles and glazed vitrified tiles (GVT) across own facilities in Sikandrabad (UP), Hoskote (KAR) and Dora (GUJ), supplemented by associate-entity capacity including a facility at Morbi (GUJ). It sells through a nationwide network of business partners/dealers and its own exclusive Orient Bell Tile Showrooms (OBTX), and has recently added a tile adhesives line (Master Bond) sold through the same dealer network. The company also runs digital dealer tools such as AI-enabled room visualization, Quicklook and Trialook to aid in-store tile selection.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
5 of 7 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 Capex Nature | More on maintenance and regulatory, not growth | Q4 FY25 | Promise relates to a completed fiscal year and remains achieved. | Achieved |
| FY27 TV Advertising Spend | Much more aggressively | Q3 FY26 | No specific update on marketing spend percentage was provided for Q1 FY27. | Ghosted |
| Target Capacity Utilization | 80-85% | Q4 FY25 | Capacity utilization improved significantly to 73% in Q1 FY27 from 64% in Q4 FY26, showing strong progress towards the 80-85% target required before a new capex cycle. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 16 tracked commitments, with each call’s wording and source.
Call summaries
Orient Bell Q1 FY27
Orient Bell delivered a strong Q1 FY27, with robust revenue and volume growth, significant margin expansion, and improved profitability. The company benefited from a supply vacuum created by Morbi shutdowns and its sustained demand generation efforts. While the operating environment remains volatile, OBL is focused on internal initiatives, disciplined capital allocation, and strategic capacity conversions to drive future growth.
Read the full callOrient Bell Q4 FY26
Orient Bell delivered strong Q4 FY26 results, with significant volume and revenue growth, coupled with robust EBITDA expansion driven by operating leverage and cost management. The company maintained a debt-free status with negative net debt. However, the market faces uncertainty from volatile gas prices, cautious dealer inventory management, and an expectation of price readjustment in the coming quarters.
Read the full callOrient Bell Q3 FY26
Orient Bell Limited reported a strong Q3 FY26, with EBITDA surging 35% YoY to INR 10.8 crores, driven by cost efficiencies and premiumization. Revenue grew 3.4% for the quarter, contributing to a 1.1% increase for the nine-month period. The company maintains a virtually debt-free status and is optimistic about future growth from domestic demand recovery, export opportunities, and strategic digital initiatives, despite a muted overall industry environment.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +2349% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 160 | 163 | 198 | 143 | 165 | 169 | 215 | 204 |
| Expenses | 153 | 156 | 190 | 138 | 156 | 159 | 200 | 187 |
| Operating profit | 7 | 8 | 9 | 5 | 9 | 10 | 15 | 16 |
| Operating margin | 4.6% | 4.6% | 4.4% | 3.5% | 5.6% | 6.1% | 7.0% | 8.0% |
| Other income | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 5 |
| Profit before tax | 1 | 1 | 4 | -1 | 4 | 5 | 8 | 11 |
| Tax rate | −22.8% | 29.5% | 22.8% | −34.5% | 17.1% | 28.2% | 25.6% | 25.4% |
| Net profit | 1 | 1 | 3 | -0 | 3 | 3 | 6 | 8 |
| EPS (₹ per share) | 0.66 | 0.67 | 1.88 | -0.25 | 2.17 | 2.30 | 4.23 | 5.66 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 705 | 674 | 670 | 691 |
| Expenses | 658 | 654 | 642 | 652 |
| Operating profit | 47 | 21 | 28 | 40 |
| Other income | 6 | 4 | 3 | 3 |
| Interest | 2 | 2 | 5 | 4 |
| Depreciation | 21 | 21 | 23 | 22 |
| Profit before tax | 30 | 1 | 4 | 16 |
| Net profit | 22 | 1 | 3 | 12 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 15 | 15 | 15 | 15 |
| Reserves | 270 | 296 | 298 | 301 | 304 | 314 |
| Borrowings | 16 | 9 | 45 | 46 | 38 | 31 |
| Other liabilities | 155 | 165 | 199 | 170 | 160 | 168 |
| Total liabilities | 455 | 484 | 558 | 532 | 517 | 528 |
| Fixed assets | 207 | 250 | 296 | 278 | 271 | 262 |
| Capital work in progress | 1 | 3 | 0 | 1 | 0 | 0 |
| Investments | 9 | 10 | 10 | 13 | 14 | 43 |
| Other assets | 239 | 222 | 251 | 240 | 233 | 222 |
| Total assets | 455 | 484 | 558 | 532 | 517 | 528 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 19 | 44 | 34 | 40 | 34 | 48 |
| Cash from investing | 5 | -12 | -21 | -63 | -8 | -52 |
| Cash from financing | -23 | -29 | -13 | 33 | -5 | -20 |
| Net cash flow | 1 | 2 | 0 | 10 | 21 | -24 |
| Free cash flow | 23 | 17 | -25 | -23 | 28 | 43 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 67 | 58 | 58 | 71 | 71 | 60 |
| Inventory days | 94 | 97 | 119 | 114 | 74 | 83 |
| Days payable | 147 | 135 | 153 | 184 | 129 | 127 |
| Cash conversion cycle | 15 | 20 | 23 | 1 | 17 | 15 |
| Working capital days | 32 | 31 | 39 | 35 | 28 | 23 |
| Return on capital employed | 5.0% | 14.0% | 10.0% | 1.0% | 2.0% | 6.0% |
| Dividend payout | 9.0% | 4.0% | 6.0% | 80.0% | 26.0% | 12.0% |
Ownership
Promoters hold 65.74% as of Sept 2026; institutions added 0.30 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Orient Bell above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 21.23% | +0.23 pp | |
| 16.69% | unchanged | |
| 15.51% | unchanged | |
| 4.23% | −0.34 pp | |
| 3.82% | −0.85 pp | |
| 3.22% | unchanged | |
| 2.50% | unchanged | |
| 2.28% | unchanged | |
| 1.47% | unchanged | |
| 0.85% | unchanged | |
| 0.79% | unchanged | |
| 0.61% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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