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 ₹ 4,443 Cr.
- Current Price ₹ 2,186
- High / Low ₹ 2,797 / 1,000
- Stock P/E 28.0
- 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 8.72 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: | -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 | -4 | 9 | 30 | 46 | 106 | 100 |
| ROCE % | 23% | 38% | 26% | 38% | 42% |
Documents
Announcements
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Clarification - Financial Results
24 June 2025 - Exchange has sought clarification from Oriana Power Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Analysts/Institutional Investor Meet/Con. Call Updates
11 June 2025 - Oriana Power targets 6 GW solar EPC, 3.5 GW BESS by 2030; Rs.15,500 Cr MOUs with states; FY25 revenue Rs.987 Cr, PAT Rs.150 Cr.
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Updates
9 June 2025 - Oriana Power incorporates wholly owned subsidiary Nature Majestic Pvt Ltd for power generation business.
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General Updates
6 June 2025 - Oriana Power awarded ₹98.63 Cr EPC contract for 20 MW solar plant in Bihar with 3-year O&M.
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General Updates
6 June 2025 - Oriana Power incorporated wholly owned subsidiary Imperial Revolution Pvt Ltd on June 3, 2025, for power generation business.
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.