Orient Green Power Company Ltd

Orient Green Power Company Ltd

₹ 11.0 1.01%
22 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

Revenue Mix
1. Sale of Power (97% in FY25 vs 93% in FY23): The company earns revenue mainly from power sales, based on monthly joint meter readings and agreed rates.
2. REC & Other (3% in FY25 vs 7% in FY23): Company sells REC and generates revenue from generation-based incentives and windmill O&M revenue. [1] [2] [3]

  • Market Cap 1,287 Cr.
  • Current Price 11.0
  • High / Low 15.8 / 7.98
  • Stock P/E 21.5
  • Book Value 9.82
  • Dividend Yield 0.00 %
  • ROCE 7.22 %
  • ROE 5.37 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.12 times its book value
  • Company has delivered good profit growth of 23.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 2.67% over past five years.
  • Promoter holding is low: 24.4%
  • Tax rate seems low
  • Company has a low return on equity of 4.61% over last 3 years.
  • Promoters have pledged 100.0% of their holding.
  • Promoter holding has decreased over last 3 years: -8.15%

* 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
44 79 122 34 36 63 121 35 42 87 131 36 39
23 21 22 20 22 23 21 23 25 27 31 23 28
Operating Profit 22 58 100 14 14 41 100 11 17 60 100 13 10
OPM % 49% 74% 82% 41% 40% 64% 83% 33% 40% 69% 76% 36% 26%
9 -7 15 6 1 5 6 5 5 6 18 1 8
Interest 28 21 20 20 19 19 19 18 16 16 15 13 13
Depreciation 21 21 21 21 21 21 21 21 21 21 22 22 22
Profit before tax -19 9 75 -21 -25 6 66 -22 -15 29 81 -21 -16
Tax % 0% 0% 0% 0% 1% 2% 0% 0% -2% 0% 0% 0% 4%
-19 9 75 -21 -25 6 66 -22 -15 29 81 -21 -17
EPS in Rs -0.17 0.07 0.64 -0.18 -0.22 0.06 0.57 -0.20 -0.14 0.25 0.69 -0.19 -0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
340 296 380 357 323 369 257 311 258 271 263 293
98 100 106 133 107 107 93 87 87 91 94 110
Operating Profit 242 195 274 224 216 262 164 224 171 180 169 183
OPM % 71% 66% 72% 63% 67% 71% 64% 72% 66% 66% 64% 62%
-83 -158 -6 42 42 3 8 22 53 21 30 33
Interest 262 225 225 211 193 154 138 122 108 80 72 57
Depreciation 143 153 137 124 114 92 91 89 83 82 84 86
Profit before tax -245 -341 -93 -69 -49 20 -57 36 33 39 43 72
Tax % -1% -0% 3% 3% 0% 0% 0% 0% 0% 1% 3% 1%
-244 -340 -96 -71 -49 20 -57 36 33 38 42 72
EPS in Rs -2.62 -2.91 -0.81 -0.62 -0.42 0.20 -0.49 0.30 0.28 0.33 0.33 0.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 3%
3 Years: 4%
TTM: 11%
Compounded Profit Growth
10 Years: 9%
5 Years: 24%
3 Years: 87%
TTM: 67%
Stock Price CAGR
10 Years: 2%
5 Years: 41%
3 Years: 12%
1 Year: -16%
Return on Equity
10 Years: -2%
5 Years: 4%
3 Years: 5%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 568 740 740 751 751 751 751 751 751 981 1,173 1,173
Reserves 258 1 -145 -219 -255 -239 -295 -261 -227 -193 -98 -21
2,158 2,059 1,960 1,589 1,508 1,353 1,327 1,216 1,091 754 552 524
281 233 284 252 232 222 111 127 78 76 34 55
Total Liabilities 3,265 3,033 2,839 2,373 2,236 2,087 1,895 1,832 1,692 1,618 1,662 1,732
2,853 2,549 2,345 1,881 1,762 1,731 1,639 1,543 1,463 1,393 1,331 1,365
CWIP 8 3 5 6 6 0 0 0 5 11 10 79
Investments 0 1 0 0 0 0 2 0 0 0 14 2
404 481 488 485 468 356 254 290 224 214 307 285
Total Assets 3,265 3,033 2,839 2,373 2,236 2,087 1,895 1,832 1,692 1,618 1,662 1,732

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
324 215 306 324 262 267 187 220 229 250 169 195
-1 -69 23 48 -19 25 61 21 3 -2 -153 -97
-323 -143 -331 -371 -243 -294 -243 -246 -229 -189 -56 -64
Net Cash Flow 1 3 -2 1 0 -1 5 -5 3 58 -40 34
Free Cash Flow 282 131 293 404 261 268 201 240 229 251 160 2
CFO/OP 133% 108% 111% 145% 121% 102% 113% 98% 132% 139% 100% 107%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 98 128 112 99 110 106 147 189 159 110 112 101
Inventory Days
Days Payable
Cash Conversion Cycle 98 128 112 99 110 106 147 189 159 110 112 101
Working Capital Days -333 -387 -596 -94 -79 -38 -146 -18 -8 -78 11 7
ROCE % 3% 2% 5% 6% 7% 10% 4% 8% 7% 7% 7% 7%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Nov 2025
Installed Wind Capacity
MW

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Gross Units Generated
Million Units
Average Gross Realisation
Rs./Unit
Wind Plant Load Factor (PLF)
%
Installed Biomass Capacity
MW
Target Solar Capacity (Under Development)
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
32.48% 32.48% 29.42% 29.42% 29.42% 26.89% 24.38% 24.38% 24.38% 24.38% 24.38% 24.38%
0.00% 0.82% 1.29% 0.48% 0.51% 0.62% 0.74% 0.81% 0.68% 0.95% 0.99% 0.78%
3.58% 2.74% 2.73% 2.73% 2.73% 1.35% 1.35% 1.35% 1.35% 1.35% 1.35% 1.35%
63.95% 63.96% 66.55% 67.36% 67.33% 71.14% 73.53% 73.47% 73.59% 73.32% 73.28% 73.48%
No. of Shareholders 3,94,3214,74,0065,70,6807,37,7507,71,5648,43,3298,97,1699,14,7299,12,5788,94,4248,71,6008,55,441

* 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.

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