Company Overview

AGM Details

  • Date: Wednesday, July 22, 2026
  • Time: 3:30 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: Wednesday, July 15, 2026
  • Remote e-voting period: July 18, 2026 (9:00 AM) to July 21, 2026 (5:00 PM)

Financial Performance Highlights

Revenue & Profitability

  • Revenue from operations: ₹3,326.39 crore (7.5% growth from ₹3,093.68 crore in FY25)
  • EBITDA: ₹229 crore (12.4% growth from ₹204 crore in FY25)
  • EBITDA Margin: 6.9% (30 bps improvement)
  • Profit Before Tax: ₹129.29 crore (before exceptional items: ₹139.45 crore)
  • Profit After Tax: ₹95.84 crore (15.2% growth from ₹83.21 crore)
  • EPS: ₹4.49 (from ₹3.90 in FY25)

Assets and Liabilities

  • Property, plant and equipment (net): ₹366.03 crores (FY25: ₹255.58 crores)
  • Trade receivables (net): ₹619.43 crores (FY25: ₹512.78 crores)
  • Cash and cash equivalents: ₹31.91 crores (FY25: ₹52.28 crores)
  • Total borrowings: ₹26.41 crores (FY25: ₹17.05 crores)
  • Trade payables: ₹600.74 crores (FY25: ₹600.07 crores)

Segment Performance

  • Electrical Consumer Durables (ECD): 5.6% growth, 69% of revenue
  • Lighting & Switchgear: 12.2% growth, accelerated to 16.0% in Q4
  • BLDC Fans: 47% growth, now meaningful share of portfolio
  • Exports: 23% growth, primarily led by fans
  • Wires Business: Revenue doubled on smaller base

Key Ratios

  • Gross Margin: 31.1% (98 bps decrease)
  • ROCE (Pre-tax): 20.6% (140 bps improvement)
  • ROE: 12.61% (62 bps improvement)
  • Working Capital Days: 30 days
  • Debt-Equity Ratio: 0.03 times

Dividend Declaration

  • Interim Dividend: ₹0.75 per share declared on January 22, 2026, paid on February 5, 2026
  • Final Dividend: ₹0.75 per share recommended by Board on May 8, 2026 (subject to shareholder approval)
  • Total Dividend for FY26: ₹1.50 per share
  • Record Date for Final Dividend: July 10, 2026

Significant Accounting Policies and Changes

Amendments to Ind AS Implemented

1. Ind AS 1 - Classification of Liabilities: Amendments effective April 1, 2025, clarify classification of current/non-current liabilities. No impact on company's liability classification.

2. Ind AS 7 and Ind AS 107 - Supplier Finance Arrangements: Amendments require additional disclosures about supplier finance arrangements. Company provided additional disclosures in Note 17 and Note 14.

3. Ind AS 12 - Pillar Two Model Rules: Amendments provide temporary exception for deferred taxes related to OECD BEPS Pillar Two rules. No impact as company not in scope.

Business Performance Highlights

Operational Metrics

  • Retail Network: Over 1,35,000 outlets
  • Service Coverage: 450+ cities, 19,000+ PIN codes
  • Manufacturing Plants: 5 locations (Hyderabad, Faridabad, Noida, Kolkata, Telangana)
  • Global Presence: 36 countries
  • Employee Strength: 1,204 employees

Strategic Initiatives

  • One Orient Philosophy: Integrated approach across portfolio, distribution, and capabilities
  • Premiumization Focus: Premium mix contributed ~34% of domestic ceiling fan sales
  • Digital Transformation: AI integration across customer experience, content creation, and product development
  • Direct-to-Market: Expanded to 295 districts in 12 states, added ~8,000 new retailers

Product Innovation

  • Red Dot Design Awards: For Aerosilent (fans) and Instaflo Neo (water heaters)
  • New Launches: Aero O2 (oxygen-enriching fan), expanded BLDC portfolio, smart lighting solutions
  • BEE Compliance: 100% fan models transitioned to revised star labeling norms

Employee Benefits

Gratuity (Defined Benefit Plan)

  • Present value of obligation: ₹21.52 crores (FY25: ₹14.52 crores)
  • Fair value of plan assets: ₹4.96 crores (FY25: ₹7.01 crores)
  • Net liability recognized: ₹16.56 crores (FY25: ₹7.51 crores)

Long Term Incentive Plan

  • Introduced Long Term Performance Cash Incentive for top and senior management
  • Provision created: ₹4.54 crores
  • Includes due to related parties: ₹2.46 crores

ESOP Scheme

  • Orient Electric Employee Stock Option Scheme 2019 implemented
  • 8,57,200 new stock options granted during the year
  • 3,64,507 stock options lapsed during the year
  • Expense recognized: ₹1.71 crores (FY25: ₹3.60 crores)

Corporate Governance

Board Composition

  • Chairman: CK Birla (Non-Executive)
  • MD & CEO: Ravindra Singh Negi
  • Independent Directors: TCA Ranganathan, K Pradeep Chandra, Alka Marezban Bharucha, Raju Lal
  • Key Managerial Personnel: Arvind Kumar Vats (CFO), Diksha Singh (Company Secretary)

Auditor Appointments

  • Statutory Auditor: Price Waterhouse Chartered Accountants LLP recommended for appointment from 10th AGM
  • Internal Auditor: Deloitte Touche Tohmatsu India LLP
  • Secretarial Auditor: LABH & LABH Associates
  • Cost Auditor: Somnath Mukherjee

Corporate Social Responsibility

  • Total CSR Spend: ₹2.21 crore (exceeding 2% requirement)
  • Focus Areas: Electrician skilling (Ujjwal program), women's health and hygiene, education, animal welfare
  • Key Initiatives: Construction of girls' toilet blocks, cancer care support, cooling devices for animal shelters

Related Party Transactions

Material transactions with related parties:

  • Avani Birla (President - Strategy): Remuneration of ₹3.56 crore for FY26
  • Long Term Incentive: ₹3.83 crore under LTI Plan 2025 (graded vesting over 3 years)
  • Rent paid to Orient Paper & Industries Limited: ₹0.28 crores
  • Professional services from CK Birla Corporate Services Limited: ₹8.46 crores
  • IT consultancy from Birlasoft Limited: ₹3.00 crores

Risk Factors

Identified key risks:

  • Market risk (consumer demand shifts, competitive pressures)
  • Economic risk (inflation, currency volatility)
  • Environmental risk (regulatory compliance, climate impact)
  • Technological risk (cybersecurity, rapid technological change)
  • Social risk (community relationships, labor practices)

Forward Looking Statements

The report contains forward-looking statements subject to risks and uncertainties including competition, economic environment changes, regulatory changes, and other factors that may cause actual results to differ materially.