BSE: 507690
ORIENT BEVERAGES LTD.
Produces and sells beverages, with the beverage segment accounting for 100% of segment revenue in the most recent segment disclosure. For FY26, consolidated revenue was ₹177.81 crore and consolidated net profit was ₹3.84 crore, while standalone revenue grew 10.4% year-on-year to ₹15,713 lakh. The company has one wholly-owned subsidiary, Sharad Quench Pvt Ltd, which generated ₹1,086 lakh in revenue in H1 FY26 but reported a loss of ₹183 lakh for the full year. Materials were the largest identifiable input cost at 24.4% of revenue, followed by employees at 14.9% and other operating expenses at 35.1%. Capital expenditure was light at 1.1% of revenue. The business is listed on BSE (scrip code 507690) and the Calcutta Stock Exchange, with its registered office in Kolkata. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. BEVERAGE (100%), CONSTRUCTION (0%), UNALLOCATED (0%). Asset-light single-segment beverages business
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 74 | 114 | 149 | 164 | 178 |
| EBITDA (ex other income) | (2) | 5 | 3 | 5 | 7 |
| margin % | (2.8) | 4.1 | 2.3 | 2.7 | 3.9 |
| Owners' profit | 1 | 3 | 0 | 3 | 4 |
| EPS, as reported (₹) | 3.75 | 13.09 | 0.42 | 13.97 | 17.77 |
| ROE % · ROCE % | 5.5 · 14.5 | 16.1 · 20.8 | 0.5 · 23.8 | 14.4 · 18.1 | 15.3 · 15.3 |
| Debt / equity (x) | 3.36 | 3.70 | 3.43 | 3.42 | 3.28 |
| Cash from operations | 2 | 6 | 15 | 0 | 1 |
| Capex | (11) | (22) | (9) | (4) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44 | 40 | 39 | 41 | 47 | 42 | 45 | 44 |
| Profit before tax | 2 | 1 | 0 | 0 | 2 | 1 | 3 | (1) |
| Net profit | 2 | 0 | 0 | 0 | 2 | 1 | 2 | (1) |
| EPS (₹) | 10.96 | 1.06 | 1.67 | 0.28 | 7.86 | 3.38 | 9.53 | (3.01) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| VARUN BEVERAGES LIMITED | 1,46,115 | 43.2 | 6.66 | — | 11.0 | 12.6 | — | 28.3 |
| SHREE RAMA NEWSPRINT LTD | 416 | — | — | — | 82.9 | (10.7) | — | 9.5 |
| Valencia Nutrition Limited | 112 | 90.9 | — | — | — | 1.9 | — | — |
| ORIENT BEVERAGES LTD. ◆ | 34 | 8.9 | 1.36 | 6.6 | 15.3 | 6.3 | 30.8 | 5.7 |
| TRANSGLOBE FOODS LTD. | 18 | 46.8 | — | — | — | — | — | 79.7 |
| ANS INDUSTRIES LTD | 16 | 11.0 | 3.03 | — | 43.1 | (12.3) | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.9 | 33.0 | 7 of 26 | 76% |
| P/B | 1.4 | 2.1 | 8 of 28 | 74% |
| ROCE | 6.3 | 2.4 | 14 of 31 | 57% |
| ROE | 15.3 | 8.7 | 7 of 28 | 78% |
| Debt / Equity | 3.3 | 0.5 | 27 of 28 | 4% |
| EBITDA margin | 5.7 | 6.5 | 18 of 27 | 35% |
| Revenue growth | 8.9 | 10.0 | 14 of 25 | 46% |
| Profit growth | (1183.3) | 1.1 | 27 of 27 | 0% |
| Market cap | 34 | 484 | 29 of 32 | 10% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · Orient Beverages: New Independent Director appointed, one resigns | management changes | medium | — | — |
| 29 Sept 2026 · 65th AGM concluded; all 9 resolutions passed with required majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Orient Beverages 65th AGM: all 9 resolutions approved | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Orient Beverages 65th AGM held on 29 Sept 2026 | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading window closure notice for Q2 FY26 results | compliance | minimal | — | — |
| 5 Sept 2026 · Orient Beverages 65th AGM notice published in newspapers, set for Sep 29, 2026 | compliance | minimal | — | — |
| 4 Sept 2026 · Orient Beverages files 65th AGM notice and FY26 annual report | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · 65th AGM on 29 Sep 2026 via VC; no dividend, key resolutions listed | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Orient Beverages notifies 65th AGM on Sep 29 via video conferencing | compliance | minimal | — | — |
| 17 Aug 2026 · Newspaper publication of Orient Beverages Q1 FY27 unaudited results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.