---
title: "Ortel Communications Ltd (ORTEL) — Share Price, Financials & Analysis"
symbol: "ORTEL"
company: "Ortel Communications Ltd"
canonical: "https://tapetide.com/stocks/ORTEL"
isin: "INE849L01019"
nse_symbol: "ORTEL"
bse_code: "539015"
sector: "Consumer Discretionary"
industry: "Entertainment"
market_cap_cr: 6.27
generated_at: "2026-09-13T18:26:41.127Z"
---

# Ortel Communications Ltd (ORTEL)

Canonical page: https://tapetide.com/stocks/ORTEL

## Company

- **NSE Symbol:** ORTEL
- **BSE Code:** 539015
- **ISIN:** INE849L01019
- **Sector:** Consumer Discretionary
- **Industry:** Entertainment
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2015-03-19
- **CEO:** Ms. Jagi Mangat Panda
- **Employees:** 520
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ortelcom.com

## About

Ortel Communications is a regional MSO and broadband operator built around an owned last-mile HFC/fibre network, offering digital cable TV, HD/VAS, retail and enterprise broadband/FTTH and dark-fibre leasing. Last verified operations were concentrated in Odisha and Andhra Pradesh/Telangana; the company has been under CIRP since November 2018.[1] [2]

## Latest Price

- **Price:** ₹1.85
- **Change:** 0 (0%)
- **Open:** ₹1.85
- **Day High:** ₹1.85
- **Day Low:** ₹1.85
- **Previous Close:** ₹1.85
- **Volume:** 0
- **As Of:** 2026-09-07T05:40:46+00:00

## Key Fundamentals

Observed at 2026-09-07T04:33:39.105910Z.

- **Market Cap:** ₹6.27 Cr
- **Classification:** Microcap
- **P/E (reported):** 0
- **Book Value:** ₹-23.41
- **Price to Book:** -0.06
- **Dividend Yield:** 0%
- **ROE:** 28.45%
- **ROCE:** -33.31%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹70.7 Cr
- **Net Income:** ₹-22 Cr
- **EBITDA:** ₹3.7 Cr
- **52-Week High:** ₹2.33
- **52-Week Low:** ₹1.15

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Rising
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 81%
- **Data coverage:** 62%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 2.32 | 9% |
| growth | 14.71 | 9% |
| momentum | 92.26 | 12% |
| ownership | 50 | 24% |
| quality | 55.12 | 22% |
| valuation | 74.45 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -18.4% over past five years.
- Contingent liabilities of Rs.21.3 Cr.
- Debtor days have increased from 63.2 to 82.5 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -17.88% | -90.11% | 104.39% |
| ebitda margin growth | -55% | -153.24% | -351.46% | — |
| net income growth | -12.05% | -36.96% | -13% | — |
| revenue growth | -30.26% | -20.83% | -28% | -18% |
| roce | 12.17% | -5.5% | 56.53% | — |
| roe | 12.17% | -54.9% | 114.13% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 31.56 | 25.42 | 22.24 | 21.3 | 22.93 | 21.41 | 20.66 | 18.18 | 18.79 | 16.32 | 14.68 | 10.47 |
| Expenses | 35.92 | 23.45 | 26.5 | 26.46 | 25.97 | 22.49 | 23.1 | 15.68 | 17.08 | 17.1 | 17.18 | 13.72 |
| Operating Profit | -4.36 | 1.97 | -4.26 | -5.16 | -3.04 | -1.08 | -2.44 | 2.5 | 1.71 | -0.78 | -2.5 | -3.25 |
| OPM % | -13.81 | 7.75 | -19.15 | -24.23 | -13.26 | -5.04 | -11.81 | 13.75 | 9.1 | -4.78 | -17.03 | -31.04 |
| Other Income | 0.73 | 0.6 | 2.51 | 0.71 | 1.09 | 0.77 | 0.45 | 1.47 | -0.1 | 0.86 | 0.5 | 0.13 |
| Interest | 6.8 | 8.13 | -0.77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 7.19 | 7.12 | 6.46 | 6.52 | 6.56 | 6.56 | 6.52 | 6.43 | 6.46 | 6.43 | 6.3 | 6.19 |
| Profit before tax | -17.62 | -12.68 | -7.44 | -10.97 | -8.51 | -6.87 | -8.51 | -2.46 | -4.85 | -6.35 | -8.3 | -9.31 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -17.62 | -12.68 | -7.44 | -10.97 | -8.51 | -6.87 | -8.51 | -2.46 | -4.85 | -6.35 | -8.3 | -9.31 |
| EPS in Rs | -5.34 | -3.85 | -2.26 | -3.33 | -2.58 | -2.08 | -2.58 | -0.75 | -1.47 | -1.93 | -2.52 | -2.82 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 120 | 128 | 155 | 188 | 203 | 184 | 111 | 87 | 68 | 60 |
| Expenses | 97 | 99 | 113 | 139 | 157 | 146 | 117 | 98 | 67 | 65 |
| Operating Profit | 22 | 30 | 42 | 49 | 47 | 38 | -7 | -11 | 1 | -5 |
| OPM % | 19 | 23 | 27 | 26 | 23 | 20 | -6 | -12 | 1.4 | -8 |
| Other Income | 2 | 0 | 6 | 9 | 3 | -77 | 4 | 2 | 3 | 1 |
| Interest | 25 | 23 | 22 | 24 | 27 | 29 | 21 | 0 | 0 | 0 |
| Depreciation | 22 | 20 | 19 | 19 | 24 | 27 | 28 | 26 | 26 | 25 |
| Profit before tax | -23 | -14 | 7 | 15 | -1 | -95 | -51 | -35 | -22 | -29 |
| Tax % | 0 | 0 | 21 | 20 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -23 | -14 | 6 | 12 | -1 | -95 | -51 | -35 | -22 | -29 |
| EPS in Rs | -9.79 | -5.92 | 1.84 | 3.93 | -0.23 | -31.28 | -15.54 | -10.57 | -6.66 | -8.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 23 | 30 | 30 | 30 | 30 | 33 | 33 | 33 |
| Reserves | 32 | 10 | -17 | 97 | 109 | 84 | -10 | -53 | -88 | -110 |
| Borrowings | 167 | 149 | 158 | 145 | 172 | 174 | 200 | 230 | 230 | 230 |
| Other Liabilities | 67 | 81 | 76 | 102 | 139 | 213 | 250 | 235 | 229 | 214 |
| Total Liabilities | 289 | 263 | 240 | 374 | 450 | 502 | 471 | 445 | 404 | 366 |
| Fixed Assets | 242 | 226 | 197 | 205 | 268 | 355 | 364 | 357 | 331 | 299 |
| CWIP | 11 | 5 | 5 | 12 | 60 | 32 | 30 | 22 | 15 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 |
| Other Assets | 37 | 31 | 38 | 157 | 122 | 114 | 75 | 63 | 56 | 53 |
| Total Assets | 289 | 263 | 240 | 374 | 450 | 502 | 471 | 445 | 404 | 366 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 41 | 51 | 48 | 66 | 32 | 48 | 38 | 27 | 3 | 3 |
| Cash from Investing Activity | -36 | -16 | -20 | -38 | -122 | -26 | -41 | -14 | -4 | -3 |
| Cash from Financing Activity | -27 | -42 | -17 | 81 | 4 | -21 | 3 | -12 | 0 | 0 |
| Net Cash Flow | -22 | -7 | 12 | 109 | -85 | 1 | 0 | 1 | 0 | 0 |
| Free Cash Flow | 12 | 43 | 34 | 33 | -91 | 0 | 1 | 18 | 9 | 8 |
| CFO/OP | 117 | 234 | 167 | 162 | 76 | 106 | 97 | -463 | -40 | -32 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 41 | 34 | 51 | 43 | 61 | 115 | 47 | 45 | 62 | 83 |
| Cash Conversion Cycle | 41 | 34 | 51 | 43 | 61 | 115 | 47 | 45 | 62 | 83 |
| Working Capital Days | -90 | -159 | -173 | -249 | -198 | -306 | -541 | -879 | -1125 | -1415 |
| ROCE % | 7 | 1 | 8 | 14 | 13 | 9 | 5 | -14 | -18 | -13 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- |
| Promoters | 55.43% | 55.43% | 55.43% |
| FIIs | 8.42% | 8.42% | 8.42% |
| DIIs | 0% | 0% | 0% |
| Government | 0.15% | 0.15% | 0.15% |
| Public | 29.25% | 29.23% | 29.03% |
| Others | 6.75% | 6.77% | 6.96% |
| No. of Shareholders | 3731 | 3785 | 3828 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 5 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2.07 | Sell |
| EMA (10) | 1.99 | Sell |
| SMA (20) | 1.92 | Sell |
| EMA (20) | 1.94 | Sell |
| SMA (50) | 1.75 | Buy |
| EMA (50) | 1.81 | Buy |
| SMA (100) | 1.73 | Buy |
| EMA (100) | 1.74 | Buy |
| SMA (200) | 1.63 | Buy |
| EMA (200) | 1.71 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.37 | Neutral |
| MACD (12,26,9) | 0.08 | Sell |
| Stochastic (14,3,3) | 37.48 | Neutral |
| ADX (14) | 40.23 | Buy |
| Williams %R (14) | -77.42 | Neutral |
| ATR (14) | 0.12 | High Volatility |
| ROC (12) | 8.19 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 45.01 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2021-10-18 | [Certificate Under Regulation 40(9)&(10)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d91313f8-a912-48fb-9e89-a0af25115463.pdf) |
| 2021-10-08 | [COMPLIANCE CERTIFICATE FOR THE HALF OF THE FINANCIAL YEAR ENDED 30TH SEPTEMBER, 2021 OF FY 2021-22](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67c37393-a53a-4496-b678-3f2c512cace9.pdf) |
| 2021-10-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=753bd7f8-ce2c-4a7f-ab55-6ccfde9bec3a.pdf) |
| 2021-10-01 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d546282d-ca03-4cc2-af74-885ba40ffc51.pdf) |
| 2021-10-01 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c6756a2-5816-4893-881d-3d69cd796928.pdf) |
| 2021-10-01 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35fba3ab-22d4-4a35-8d14-195eb32d1751.pdf) |
| 2021-09-29 | [Reg. 34 (1) Annual Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4cb286e-3602-4af8-8afb-02eca2726c3e.pdf) |
| 2021-09-28 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=908b5576-7634-42aa-9ace-42a0bf59ac0d.pdf) |
| 2021-09-28 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb4aa9ba-0472-4a89-8b62-f5d83b2d9dd4.pdf) |
| 2021-09-03 | [Fixes Book Closure for AGM (Cut-off date for e-voting)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A296B253-AE5F-49D3-9B4D-93781A1A074C-110928.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Oct 2021 - Compliance Certificate in compliance with Regulation 74(5) of the SEBI (DP) Regulations, 2018 of Ortel Communications Ltd (under CIRP) for the quarter ended 30th September, … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Oct 2021 - Compliance Certificate in compliance with Regulation 74(5) of the SEBI (DP) Regulations, 2018 of Ortel Communications Ltd (under CIRP) for the quarter ended 30th September, …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/753bd7f8-ce2c-4a7f-ab55-6ccfde9bec3a.pdf) |
| 18 Oct 2021 - Compliance Certificate in compliance with Regulation 40(9) & 40(10) of the SEBI (LODR) Regulations, 2015 of Ortel Communications Ltd (under CIRP) for the half year … | [Certificate Under Regulation 40(9)&(10) 18 Oct 2021 - Compliance Certificate in compliance with Regulation 40(9) & 40(10) of the SEBI (LODR) Regulations, 2015 of Ortel Communications Ltd (under CIRP) for the half year …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d91313f8-a912-48fb-9e89-a0af25115463.pdf) |
| — | [COMPLIANCE CERTIFICATE FOR THE HALF OF THE FINANCIAL YEAR ENDED 30TH SEPTEMBER, 2021 OF FY 2021-22 8 Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67c37393-a53a-4496-b678-3f2c512cace9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2021-08-13 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2127f325-0185-47a1-b794-6839a338ed63.pdf) |
| 2021-06-30 | [Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aac3e261-8e5d-4ec0-82ce-157e9a46025e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/70475539015_30_09_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/66662539015_02_12_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/5390150319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/5390150318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/5390150317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/5390150316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/539015/5390150315.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2015 | [Concall - Oct 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6BCFE5AA_9552_4234_922E_58F0CD550B78_123427.pdf) |
| Mar 2017 | [Concall - Mar 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18e73f82-4a22-4b45-b049-beb6884d9134.pdf) |
| Mar 2017 | [Concall - Mar 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/18e73f82-4a22-4b45-b049-beb6884d9134.pdf) |
| Dec 2016 | [Concall - Dec 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98CFC2AC_351F_4B63_85CD_E80881BE5C43_184236.pdf) |
| Aug 2016 | [Concall - Aug 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=313CDAC3_AA65_4533_A25F_19E5A48E3E6E_192625.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:41.127Z.