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 ₹ 4,938 Cr.
- Current Price ₹ 2,430
- High / Low ₹ 2,797 / 1,000
- Stock P/E 31.2
- Book Value ₹ 251
- Dividend Yield 0.00 %
- ROCE 42.3 %
- ROE 48.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 189% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.7%
Cons
- Stock is trading at 9.69 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 107 to 146 days.
- Working capital days have increased from 48.9 days to 81.5 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 21 | 34 | 124 | 135 | 383 | 987 | |
| 19 | 30 | 112 | 115 | 302 | 753 | |
| Operating Profit | 2 | 3 | 12 | 19 | 81 | 234 |
| OPM % | 9% | 10% | 10% | 14% | 21% | 24% |
| 0 | 0 | 1 | 1 | 3 | 11 | |
| Interest | 0 | 1 | 2 | 3 | 6 | 25 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 8 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 | 212 |
| Tax % | 55% | 69% | 35% | 34% | 28% | 25% |
| 1 | 1 | 7 | 11 | 54 | 159 | |
| EPS in Rs | 21.35 | 2.35 | 11.30 | 15.74 | 28.33 | 78.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 115% |
| 3 Years: | 100% |
| TTM: | 158% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 189% |
| 3 Years: | 183% |
| TTM: | 192% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 51% |
| Last Year: | 48% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 3 | 6 | 7 | 19 | 20 |
| Reserves | 1 | 2 | 9 | 25 | 127 | 489 |
| 4 | 17 | 28 | 71 | 184 | 271 | |
| 7 | 22 | 32 | 42 | 80 | 583 | |
| Total Liabilities | 13 | 43 | 75 | 144 | 410 | 1,363 |
| 6 | 19 | 28 | 29 | 135 | 269 | |
| CWIP | 0 | 0 | 0 | 46 | 52 | 49 |
| Investments | 0 | 0 | 3 | 6 | 11 | 11 |
| 7 | 24 | 45 | 63 | 212 | 1,033 | |
| Total Assets | 13 | 43 | 75 | 144 | 410 | 1,363 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2 | 1 | 9 | 16 | 3 | 290 | |
| -6 | -14 | -16 | -41 | -117 | -522 | |
| 4 | 15 | 7 | 27 | 134 | 270 | |
| Net Cash Flow | 0 | 2 | -0 | 1 | 21 | 38 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 76 | 148 | 72 | 99 | 75 | 146 |
| Inventory Days | 11 | |||||
| Days Payable | 94 | |||||
| Cash Conversion Cycle | 76 | 148 | 72 | 99 | 75 | 63 |
| Working Capital Days | -8 | -7 | 9 | 7 | 58 | 81 |
| ROCE % | 23% | 38% | 26% | 38% | 42% |
Documents
Announcements
-
Shareholders meeting
6 September 2025 - Oriana Power Limited has informed regarding Notice of Annual General Meeting to be held on September 28, 2025
-
Copy of Newspaper Publication
5 September 2025 - 12th AGM on September 28, 2025 at 2:00 PM via VC; newspaper ads published September 5, 2025.
-
Credit Rating- Revision
2 September 2025 - CRISIL upgraded Oriana Power to CRISIL A-/Stable and A2+ for Rs.600 crore facilities on September 2, 2025.
-
General Updates
31 August 2025 - NSE cautionary letter (22-Aug-2025) for delayed disclosure of Dec 5, 2024 analyst call recordings.
-
Bagging/Receiving of orders/contracts
21 August 2025 - SECI LOA for 60,000 MT/year green ammonia at INR52.25/kg; Rs313.5 Crore/year; 36-month execution; Rs127 Crore incentive.
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.