Orient Green Power Company Ltd

Orient Green Power Company Ltd

₹ 8.95 -1.10%
30 May - 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

Geographical Split (FY22)
India - 94%
Others - 6% [1]

  • Market Cap 671 Cr.
  • Current Price 8.95
  • High / Low 13.3 / 6.80
  • Stock P/E 58.4
  • Book Value 6.97
  • Dividend Yield 0.00 %
  • ROCE 7.23 %
  • ROE 2.27 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.24% over past five years.
  • Promoter holding is low: 32.5%
  • Tax rate seems low
  • Company has a low return on equity of -3.19% over last 3 years.
  • Promoters have pledged 99.8% of their holding.
  • Earnings include an other income of Rs.53.5 Cr.
  • Company has high debtors of 159 days.
  • Promoter holding has decreased over last 3 years: -16.2%
  • Working capital days have increased from 163 days to 266 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
54 64 104 51 38 75 115 83 38 78 108 28 44
52 21 26 24 28 22 22 22 21 24 21 19 23
Operating Profit 2 43 78 27 10 54 93 60 17 54 87 9 22
OPM % 3% 67% 75% 53% 26% 71% 81% 73% 44% 69% 80% 31% 49%
62 2 1 6 5 3 20 -1 1 3 -6 47 9
Interest 37 37 34 32 35 32 31 30 28 28 27 26 28
Depreciation 6 23 23 23 22 22 22 22 22 21 21 21 21
Profit before tax 21 -15 22 -21 -43 2 60 6 -32 9 34 10 -19
Tax % -1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 21 -15 22 -21 -43 2 60 6 -32 9 34 10 -19
EPS in Rs 0.30 -0.20 0.28 -0.28 -0.58 0.01 0.82 0.08 -0.45 0.12 0.45 0.13 -0.27
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
251 422 413 340 296 380 357 323 369 257 311 258
190 235 225 98 100 106 133 107 123 93 87 87
Operating Profit 61 187 188 242 195 274 224 216 246 164 224 171
OPM % 24% 44% 46% 71% 66% 72% 63% 67% 67% 64% 72% 66%
32 38 9 -83 -158 -6 42 42 19 8 22 53
Interest 108 190 266 262 225 225 211 193 154 138 122 108
Depreciation 66 110 143 143 153 137 124 114 92 91 89 83
Profit before tax -80 -75 -212 -245 -341 -93 -69 -49 20 -57 36 33
Tax % -2% -9% 2% 1% 0% -3% -3% -0% 0% 0% 0% 0%
Net Profit -82 -82 -208 -244 -340 -96 -71 -49 20 -57 36 33
EPS in Rs -1.48 -1.49 -3.30 -4.10 -4.55 -1.27 -0.97 -0.65 0.31 -0.77 0.47 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: -17%
Compounded Profit Growth
10 Years: 8%
5 Years: 17%
3 Years: -14%
TTM: 58%
Stock Price CAGR
10 Years: -4%
5 Years: 3%
3 Years: 60%
1 Year: 4%
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
468 468 568 568 740 740 751 751 751 751 751 751
Reserves 721 773 488 258 1 -145 -219 -255 -239 -295 -261 -227
1,346 1,943 2,227 2,158 2,059 1,960 1,589 1,508 1,354 1,325 1,216 1,091
1,022 351 230 281 233 284 252 232 221 113 127 78
Total Liabilities 3,556 3,536 3,513 3,265 3,033 2,839 2,373 2,236 2,087 1,895 1,832 1,692
1,870 2,026 2,920 2,853 2,549 2,345 1,881 1,762 1,731 1,639 1,543 1,463
CWIP 951 983 71 8 3 5 6 6 0 0 0 5
Investments 0 0 0 0 1 0 0 0 0 2 0 0
736 527 521 404 481 488 485 468 357 254 290 224
Total Assets 3,556 3,536 3,513 3,265 3,033 2,839 2,373 2,236 2,087 1,895 1,832 1,692

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 2

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 99 110 106 147 189 159
Inventory Days
Days Payable
Cash Conversion Cycle 104 69 90 98 128 112 99 110 106 147 189 159
Working Capital Days -1,447 -329 -211 -275 -287 -526 -76 -51 -13 94 129 266
ROCE % 1% 4% 2% 3% 2% 5% 6% 7% 9% 4% 8% 7%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
48.73 48.73 48.73 48.73 48.73 48.73 48.06 34.53 34.53 34.53 32.53 32.53
1.60 1.60 1.60 1.60 0.00 0.00 0.00 0.49 1.06 0.98 0.20 0.01
6.10 6.10 6.10 6.10 6.10 6.10 4.96 4.19 4.17 4.17 3.97 3.58
43.57 43.57 43.57 43.57 45.17 45.17 46.98 60.79 60.24 60.33 63.30 63.88

* 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.

Documents

Concalls