Orient Green Power Company Ltd

Orient Green Power Company Ltd

₹ 18.7 -3.86%
28 Mar - close price
About

Orient Green Power Company Limited is an Independent Producer of Renewable Power, it is engaged in developing, owning, and operating a diversified portfolio of Wind Energy Power Plants. [1][2]

Key Points

Product and Services
Company is in the business of generating and selling power through wind energy sources. Its wind energy plants are located in Tamilnadu, Karnataka, Gujarat etc. [1]

  • Market Cap 1,834 Cr.
  • Current Price 18.7
  • High / Low 34.6 / 7.45
  • Stock P/E 63.0
  • Book Value 8.52
  • Dividend Yield 0.00 %
  • ROCE 7.19 %
  • ROE 1.82 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.06%
  • The company has delivered a poor sales growth of -6.24% over past five years.
  • Promoter holding is low: 29.4%
  • Tax rate seems low
  • Company has a low return on equity of -3.37% over last 3 years.
  • Promoters have pledged 93.2% of their holding.
  • Company has high debtors of 159 days.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
51 38 75 115 83 38 78 108 28 44 79 122 34
24 28 22 22 22 21 24 21 19 23 21 22 20
Operating Profit 27 10 54 93 60 17 54 87 9 22 58 100 14
OPM % 53% 26% 71% 81% 73% 44% 69% 80% 31% 49% 74% 82% 41%
6 5 3 20 -1 1 3 -6 47 9 -7 15 6
Interest 32 35 32 31 30 28 28 27 26 28 21 20 20
Depreciation 23 22 22 22 22 22 21 21 21 21 21 21 21
Profit before tax -21 -43 2 60 6 -32 9 34 10 -19 9 75 -21
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-21 -43 2 60 6 -32 9 34 10 -19 9 75 -21
EPS in Rs -0.21 -0.44 0.01 0.63 0.06 -0.34 0.09 0.35 0.10 -0.21 0.09 0.76 -0.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
251 422 413 340 296 380 357 323 369 257 311 258 279
190 235 225 98 100 106 133 107 123 93 87 87 85
Operating Profit 61 187 188 242 195 274 224 216 246 164 224 171 194
OPM % 24% 44% 46% 71% 66% 72% 63% 67% 67% 64% 72% 66% 69%
32 38 9 -83 -158 -6 42 42 19 8 22 53 23
Interest 108 190 266 262 225 225 211 193 154 138 122 108 89
Depreciation 66 110 143 143 153 137 124 114 92 91 89 83 83
Profit before tax -80 -75 -212 -245 -341 -93 -69 -49 20 -57 36 33 45
Tax % -2% -9% 2% 1% 0% -3% -3% -0% 0% 0% 0% 0%
-82 -82 -208 -244 -340 -96 -71 -49 20 -57 36 33 45
EPS in Rs -1.13 -1.14 -2.53 -3.14 -3.48 -0.97 -0.75 -0.50 0.24 -0.59 0.36 0.33 0.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -6%
3 Years: -11%
TTM: 11%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: -20%
TTM: 340%
Stock Price CAGR
10 Years: 8%
5 Years: 37%
3 Years: 113%
1 Year: 160%
Return on Equity
10 Years: -11%
5 Years: -3%
3 Years: -3%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 468 468 568 568 740 740 751 751 751 751 751 751 981
Reserves 721 773 488 258 1 -145 -219 -255 -239 -295 -261 -227 -145
1,346 1,943 2,227 2,158 2,059 1,960 1,589 1,508 1,354 1,325 1,238 1,091 845
1,022 351 230 281 233 284 252 232 221 113 103 78 79
Total Liabilities 3,556 3,536 3,513 3,265 3,033 2,839 2,373 2,236 2,087 1,895 1,831 1,692 1,760
1,870 2,026 2,920 2,853 2,549 2,345 1,881 1,762 1,731 1,639 1,543 1,463 1,425
CWIP 951 983 71 8 3 5 6 6 0 0 0 5 9
Investments 0 0 0 0 1 0 0 0 0 2 0 0 10
736 527 521 404 481 488 485 468 357 254 289 224 315
Total Assets 3,556 3,536 3,513 3,265 3,033 2,839 2,373 2,236 2,087 1,895 1,831 1,692 1,760

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
162 -46 192 324 215 306 324 262 265 187 220 229
-763 -525 -293 -1 -69 23 48 -19 28 61 21 3
458 590 61 -323 -143 -331 -371 -243 -294 -243 -246 -229
Net Cash Flow -142 19 -40 1 3 -2 1 0 -1 5 -5 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 104 69 90 98 128 112 99 110 106 147 194 159
Inventory Days
Days Payable
Cash Conversion Cycle 104 69 90 98 128 112 99 110 106 147 194 159
Working Capital Days -1,447 -329 -211 -275 -287 -526 -76 -51 -13 94 133 166
ROCE % 1% 4% 2% 3% 2% 5% 6% 7% 9% 4% 8% 7%

Shareholding Pattern

Numbers in percentages

11 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
48.73% 48.73% 48.73% 48.06% 34.53% 34.53% 34.53% 32.53% 32.53% 32.48% 32.48% 29.42%
1.60% 0.00% 0.00% 0.00% 0.49% 1.06% 0.98% 0.20% 0.01% 0.00% 0.82% 1.29%
6.10% 6.10% 6.10% 4.96% 4.19% 4.17% 4.17% 3.97% 3.58% 3.58% 2.74% 2.73%
43.57% 45.17% 45.17% 46.98% 60.79% 60.24% 60.33% 63.30% 63.88% 63.95% 63.96% 66.55%
No. of Shareholders 65,66383,0041,10,5352,09,8984,00,6214,22,8574,23,5324,12,5194,06,7103,94,3214,74,0065,70,680

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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