Oriana Power Ltd
Incorporated in 2013, Oriana Power Limited is engaged in two main business verticals: providing of EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis.[1]
- Market Cap ₹ 4,350 Cr.
- Current Price ₹ 2,268
- High / Low ₹ 2,528 / 272
- Stock P/E 80.2
- Book Value ₹ 76.2
- Dividend Yield 0.00 %
- ROCE 79.4 %
- ROE 169 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 110%
- Debtor days have improved from 48.4 to 19.2 days.
- Company's working capital requirements have reduced from 29.0 days to 15.0 days
Cons
- Stock is trading at 29.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Power Infrastructure Industry: Power Generation And Supply
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 21 | 34 | 124 | 136 | 383 | |
| 19 | 30 | 112 | 116 | 302 | |
| Operating Profit | 2 | 3 | 12 | 20 | 81 |
| OPM % | 9% | 10% | 10% | 15% | 21% |
| 0 | 0 | 1 | 1 | 3 | |
| Interest | 0 | 1 | 2 | 4 | 6 |
| Depreciation | 0 | 0 | 1 | 1 | 2 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 |
| Tax % | 55% | 69% | 35% | 31% | 28% |
| 1 | 1 | 7 | 11 | 54 | |
| EPS in Rs | 21.35 | 2.35 | 11.30 | 16.29 | 28.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 125% |
| TTM: | 181% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 322% |
| TTM: | 390% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 110% |
| Last Year: | 169% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0 | 3 | 6 | 7 | 19 |
| Reserves | 1 | 2 | 9 | 25 | 127 |
| 4 | 17 | 28 | 71 | 184 | |
| 7 | 22 | 32 | 25 | 80 | |
| Total Liabilities | 13 | 43 | 75 | 127 | 410 |
| 6 | 19 | 28 | 29 | 135 | |
| CWIP | 0 | 0 | 0 | 46 | 52 |
| Investments | 0 | 0 | 3 | 7 | 11 |
| 7 | 24 | 45 | 45 | 212 | |
| Total Assets | 13 | 43 | 75 | 127 | 410 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 2 | 1 | 9 | 17 | 3 | |
| -6 | -14 | -16 | -53 | -117 | |
| 4 | 15 | 7 | 38 | 134 | |
| Net Cash Flow | 0 | 2 | -0 | 1 | 20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 76 | 148 | 72 | 54 | |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 76 | 148 | 72 | 54 | |
| Working Capital Days | -4 | 9 | 30 | 42 | |
| ROCE % | 23% | 38% | 27% |
Business Profile[1] Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems, and off-site solar farms i.e. Open access.