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 ₹ 3,257 Cr.
- Current Price ₹ 1,603
- High / Low ₹ 3,064 / 1,267
- Stock P/E 14.1
- Book Value ₹ 313
- 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
- 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 32.8 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 21 | 34 | 124 | 135 | 383 | 987 | 1,409 | |
| 19 | 30 | 112 | 115 | 302 | 753 | 1,069 | |
| Operating Profit | 2 | 3 | 12 | 19 | 81 | 235 | 340 |
| OPM % | 9% | 10% | 10% | 14% | 21% | 24% | 24% |
| 0 | 0 | 1 | 1 | 3 | 11 | 15 | |
| Interest | 0 | 1 | 2 | 3 | 6 | 25 | 37 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 8 | 11 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 | 212 | 307 |
| Tax % | 55% | 69% | 35% | 34% | 28% | 25% | |
| 1 | 1 | 7 | 11 | 54 | 159 | 232 | |
| EPS in Rs | 21.35 | 2.35 | 11.30 | 15.74 | 28.33 | 78.03 | 113.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 115% |
| 3 Years: | 100% |
| TTM: | 108% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 189% |
| 3 Years: | 183% |
| TTM: | 138% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 22% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 3 | 6 | 7 | 19 | 20 | 20 |
| Reserves | 1 | 2 | 9 | 25 | 127 | 489 | 616 |
| 4 | 17 | 28 | 71 | 184 | 271 | 316 | |
| 7 | 22 | 32 | 42 | 80 | 583 | 743 | |
| Total Liabilities | 13 | 43 | 75 | 144 | 410 | 1,363 | 1,695 |
| 6 | 19 | 28 | 29 | 135 | 269 | 270 | |
| CWIP | 0 | 0 | 0 | 46 | 52 | 50 | 59 |
| Investments | 0 | 0 | 3 | 6 | 11 | 11 | 11 |
| 7 | 24 | 45 | 63 | 212 | 1,033 | 1,354 | |
| Total Assets | 13 | 43 | 75 | 144 | 410 | 1,363 | 1,695 |
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 | 2 | 290 | |
| -6 | -14 | -16 | -41 | -117 | -522 | |
| 4 | 15 | 7 | 27 | 135 | 270 | |
| Net Cash Flow | 0 | 2 | -0 | 1 | 21 | 38 |
| Free Cash Flow | -4 | -13 | -1 | -32 | -111 | 150 |
| CFO/OP | 80% | 16% | 90% | 81% | 10% | 144% |
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 | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 76 | 148 | 72 | 99 | 75 | 146 |
| Working Capital Days | -8 | -7 | 9 | 7 | 10 | 81 |
| ROCE % | 23% | 38% | 26% | 38% | 42% |
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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Documents
Announcements
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Trading Window
27 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY-end results declaration.
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Copy of Newspaper Publication
26 March 2026 - Newspaper advertisements dated March 26, 2026, notifying dispatch of company's postal ballot notice to shareholders.
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Shareholders meeting
25 March 2026 - Postal ballot (Mar 26–Apr 24, 2026) seeks approval for material related-party transactions up to ₹2,250 Crore.
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Bagging/Receiving of orders/contracts
24 March 2026 - Three EPC orders for 32MW solar/20MWh BESS; EPC value ₹162.68Cr; O&M ₹1.00Cr; Jodhpur projects.
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General Updates
13 March 2026 - Oriana incorporated 100%‑owned Prime Energy Solutions Pvt Ltd on 12-Mar-2026; authorized capital Rs100,000; no operations.
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.