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 ₹ 4,673 Cr.
- Current Price ₹ 2,300
- High / Low ₹ 2,797 / 1,000
- Stock P/E 28.6
- Book Value ₹ 256
- Dividend Yield 0.00 %
- ROCE 63.0 %
- ROE 48.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.6%
Cons
- Stock is trading at 8.97 times its book value
- 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 69.9 days to 102 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
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 | |
|---|---|---|---|---|---|
| 34 | 101 | 133 | 377 | 1,019 | |
| 30 | 92 | 115 | 301 | 797 | |
| Operating Profit | 4 | 9 | 18 | 76 | 221 |
| OPM % | 12% | 9% | 14% | 20% | 22% |
| 0 | 1 | 1 | 3 | 11 | |
| Interest | 0 | 0 | 1 | 3 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 4 | 9 | 18 | 76 | 222 |
| Tax % | 26% | 26% | 30% | 27% | 26% |
| 3 | 7 | 12 | 55 | 163 | |
| EPS in Rs | 9.19 | 11.30 | 18.61 | 28.74 | 80.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 116% |
| TTM: | 170% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 186% |
| TTM: | 197% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 3 | 6 | 7 | 19 | 20 |
| Reserves | 5 | 12 | 29 | 132 | 500 |
| 1 | 8 | 15 | 33 | 33 | |
| 21 | 30 | 27 | 115 | 579 | |
| Total Liabilities | 30 | 56 | 78 | 298 | 1,133 |
| 0 | 0 | 1 | 2 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 12 | 31 | 89 | 114 |
| 23 | 44 | 46 | 207 | 1,015 | |
| Total Assets | 30 | 56 | 78 | 298 | 1,133 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | 1 | 13 | 14 | 226 | |
| -5 | -6 | -15 | -60 | -392 | |
| 3 | 5 | 8 | 57 | 199 | |
| Net Cash Flow | -0 | -0 | 6 | 11 | 33 |
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 | 10 | ||||
| Days Payable | 88 | ||||
| Cash Conversion Cycle | 170 | 87 | 85 | 84 | 61 |
| Working Capital Days | 15 | 46 | 35 | 73 | 102 |
| ROCE % | 57% | 50% | 67% | 63% |
Documents
Announcements
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Awarding or Bagging of Orders/Contracts-XBRL
9 July 2025 - ORIANA POWER LIMITED has informed about the event related to Bagging/Receiving of orders/contracts
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Bagging/Receiving of orders/contracts
9 July 2025 - Oriana's subsidiary signed Rs.188.61 Cr BESPA for 50MW/100MWh battery system in Rajasthan with Rs.27 Cr VGF.
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Awarding or Bagging of Orders/Contracts-XBRL
8 July 2025 - ORIANA POWER LIMITED has informed about the event related to Bagging/Receiving of orders/contracts
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Updates
7 July 2025 - Oriana Power awarded Rs.465 Cr LOA for 125 MW/250 MWH battery storage project in Rajasthan.
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General Updates
2 July 2025 - Oriana Power awarded Rs. 209 Cr contract for 50MW/100MWh battery storage project in Tamil Nadu.
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.