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 ₹ 3,940 Cr.
- Current Price ₹ 1,939
- High / Low ₹ 3,064 / 1,000
- Stock P/E 17.0
- 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: | -4% |
| 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 |
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% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 January 2026 - Submitted compliance certificate under Reg 74(5) for quarter ended Dec 31, 2025 by RTA Skyline.
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Allotment of Securities
7 January 2026 - Allotment of 7,500 NCDs aggregating Rs75 crore on Jan 7, 2026; 11.65% coupon, maturity Jan 6, 2030.
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Others
5 January 2026 - Board approved private placement of 7,500 NCDs totaling INR75 crore; 11.65% coupon; up to 48-month tenor; secured.
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Outcome of Board Meeting
5 January 2026 - Approved 7,500 NCDs worth INR75 crore, 11.65% coupon, up to 48-month tenor; secured, private placement.
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General Updates
30 December 2025 - Oriana incorporated Oriana Usolar JV Pvt Ltd on 29/12/2025; Oriana holds 74%.
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.