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 ₹ 4,520 Cr.
- Current Price ₹ 2,225
- High / Low ₹ 2,797 / 1,000
- Stock P/E 28.5
- Book Value ₹ 251
- Dividend Yield 0.00 %
- ROCE 42.3 %
- ROE 48.3 %
- 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 8.87 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.
* 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: | 184% |
| TTM: | 192% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -3% |
| 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 | -4 | 9 | 30 | 46 | 106 | 100 |
| ROCE % | 23% | 38% | 26% | 38% | 42% |
Documents
Announcements
-
General Updates
25 July 2025 - Oriana Power incorporated wholly owned subsidiary Voltonomy Energy on July 24, 2025, for power generation business.
-
General Updates
21 July 2025 - Oriana Power incorporates wholly owned subsidiary Chainwatt Pvt Ltd for power generation business.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
21 July 2025 - Oriana Power Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Reply to Clarification- Financial results
18 July 2025 - Oriana Power clarifies full utilization of Rs 206.85 Cr preferential issue proceeds per SEBI norms.
-
Press Release
16 July 2025 - Oriana signs MoU with Invest Alberta for $300M-$1B renewable energy projects in Canada.
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.