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 ₹ 5,615 Cr.
- Current Price ₹ 2,763
- High / Low ₹ 3,064 / 1,000
- Stock P/E 24.3
- 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
- Stock is trading at 8.83 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 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: | 20% |
| 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
-
Press Release
14 November 2025 - Approved H1 FY26 results: consolidated revenue INR78,118L, PAT INR12,163L; Actis JV, USD108m asset sale, major MoUs.
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited H1 results ended Sep 30, 2025: consolidated revenue ₹78,118.41 lakh; PAT ₹12,144.43 lakh.
- Structural Digital Database 7 November 2025
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General Updates
30 October 2025 - NSE in-principle approval (29 Oct 2025) to list 203,190 shares under Oriana Employee Stock Plan 2025.
-
General Updates
28 October 2025 - Board-approved merger of 17 wholly-owned subsidiaries into AAN Solar Pvt Ltd; appointed date April 1, 2025.
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.