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 ₹ 3,911 Cr.
- Current Price ₹ 1,925
- High / Low ₹ 3,064 / 1,500
- Stock P/E 16.8
- Book Value ₹ 316
- Dividend Yield 0.00 %
- ROCE 63.0 %
- ROE 48.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 102 to 139 days.
- Working capital days have increased from 32.8 days to 90.6 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 34 | 101 | 133 | 377 | 1,019 | 1,432 | |
| 30 | 92 | 115 | 301 | 797 | 1,116 | |
| Operating Profit | 4 | 9 | 18 | 76 | 221 | 316 |
| OPM % | 12% | 9% | 14% | 20% | 22% | 22% |
| 0 | 1 | 1 | 3 | 11 | 17 | |
| Interest | 0 | 0 | 1 | 3 | 10 | 19 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 4 | 9 | 18 | 76 | 222 | 314 |
| Tax % | 26% | 26% | 30% | 27% | 26% | |
| 3 | 7 | 12 | 55 | 163 | 233 | |
| EPS in Rs | 9.19 | 11.30 | 18.61 | 28.74 | 80.39 | 114.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 116% |
| TTM: | 115% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 186% |
| TTM: | 136% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 51% |
| Last Year: | 49% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 6 | 7 | 19 | 20 | 20 |
| Reserves | 5 | 12 | 29 | 132 | 500 | 622 |
| 1 | 8 | 15 | 33 | 33 | 90 | |
| 21 | 30 | 27 | 115 | 579 | 737 | |
| Total Liabilities | 30 | 56 | 78 | 298 | 1,133 | 1,470 |
| 0 | 0 | 1 | 2 | 3 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 12 | 31 | 89 | 114 | 114 |
| 23 | 44 | 46 | 207 | 1,015 | 1,352 | |
| Total Assets | 30 | 56 | 78 | 298 | 1,133 | 1,470 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | 1 | 13 | 13 | 226 | |
| -5 | -6 | -15 | -60 | -392 | |
| 3 | 5 | 8 | 58 | 199 | |
| Net Cash Flow | -0 | -0 | 6 | 11 | 33 |
| Free Cash Flow | 2 | 1 | 11 | 12 | 225 |
| CFO/OP | 74% | 35% | 69% | 31% | 124% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 170 | 87 | 85 | 84 | 139 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 170 | 87 | 85 | 84 | 139 |
| Working Capital Days | 7 | 26 | 7 | 1 | 91 |
| ROCE % | 57% | 50% | 67% | 63% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Cumulative Solar Projects Delivered MW |
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| Employee Strength Count |
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| Geographical Presence (States) Count |
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| Land Secured Acres |
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| Solar Project Pipeline MW |
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| Solar Projects Under Execution MW |
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| BESS Capacity Pipeline MWh |
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| BESS Projects Won/Under Execution MWh |
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| Green Ammonia Allocation MTPA |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
28 May 2026 - Board approved audited standalone and consolidated FY26 results on 28 May 2026; auditors issued unmodified opinion.
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General Updates
20 May 2026 - Oriana Power incorporated step-down subsidiary ECOHYDROGEN Private Limited on May 20, 2026.
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General Updates
19 May 2026 - SOLAREDGE ENERGY PRIVATE LIMITED incorporated as Oriana Power step-down subsidiary on May 14, 2026.
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General Updates
19 May 2026 - Oriana Power incorporated step-down subsidiary FutureBESS Storage Private Limited on May 19, 2026.
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Shareholders meeting
28 April 2026 - Shareholders approved 13 material related-party transaction resolutions via postal ballot on 24 April 2026.
Annual reports
Concalls
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Dec 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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.