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Dolat Capital Report
Orient Electric Ltd. is a well-established player under the electrical consumer durables (ECD) and lighting space, being the largest exporter and manufacturer of fans in India.
The company has more than six decades of experience, with an extensive network of more than 125,000 retailers across the country.
The company has seen a strong growth over the past three years at compound annual growth rate ~12.6%, ECD business witnessed a CAGR of ~10.7% while lighting and switchgears business rapidly grew by ~18.3% CAGR due to lower base and now contributes to 27.7% of revenues.
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