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 ₹ 2,748 Cr.
- Current Price ₹ 270
- High / Low ₹ 613 / 235
- Stock P/E 10.9
- Book Value ₹ 75.1
- Dividend Yield 0.00 %
- ROCE 39.7 %
- ROE 39.6 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 223% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -3.43%
* 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 21 | 34 | 124 | 135 | 383 | 987 | 1,814 | |
| 19 | 30 | 112 | 115 | 302 | 753 | 1,415 | |
| Operating Profit | 2 | 3 | 12 | 19 | 81 | 235 | 399 |
| OPM % | 9% | 10% | 10% | 14% | 21% | 24% | 22% |
| 0 | 0 | 1 | 1 | 3 | 11 | 27 | |
| Interest | 0 | 1 | 2 | 3 | 6 | 25 | 63 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 8 | 16 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 | 212 | 347 |
| Tax % | 55% | 69% | 35% | 34% | 28% | 25% | 27% |
| 1 | 1 | 7 | 11 | 54 | 159 | 252 | |
| EPS in Rs | 2.08 | 0.23 | 1.13 | 1.57 | 5.67 | 15.61 | 24.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 122% |
| 3 Years: | 138% |
| TTM: | 84% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 223% |
| 3 Years: | 188% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 62% |
| 1 Year: | -49% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 44% |
| Last Year: | 40% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 3 | 6 | 7 | 19 | 20 | 20 |
| Reserves | 1 | 2 | 9 | 25 | 127 | 489 | 743 |
| 4 | 17 | 28 | 71 | 184 | 271 | 509 | |
| 7 | 22 | 32 | 42 | 80 | 539 | 1,291 | |
| Total Liabilities | 13 | 43 | 75 | 144 | 410 | 1,319 | 2,563 |
| 6 | 19 | 28 | 29 | 135 | 269 | 312 | |
| CWIP | 0 | 0 | 0 | 46 | 52 | 50 | 147 |
| Investments | 0 | 0 | 3 | 6 | 11 | 11 | 16 |
| 7 | 24 | 45 | 63 | 212 | 989 | 2,087 | |
| Total Assets | 13 | 43 | 75 | 144 | 410 | 1,319 | 2,563 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2 | 1 | 9 | 16 | 2 | 251 | 337 | |
| -6 | -14 | -16 | -41 | -117 | -482 | -506 | |
| 4 | 15 | 7 | 27 | 135 | 269 | 185 | |
| Net Cash Flow | 0 | 2 | -0 | 1 | 21 | 38 | 16 |
| Free Cash Flow | -4 | -13 | -1 | -32 | -111 | 102 | 184 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 80% | 16% | 90% | 81% | 10% | 127% | 100% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 148 | 72 | 99 | 75 | 146 | 135 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 76 | 148 | 72 | 99 | 75 | 146 | 135 |
| Working Capital Days | -8 | -7 | 9 | 7 | 10 | 81 | 58 |
| ROCE % | 23% | 38% | 26% | 38% | 42% | 40% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cumulative Solar Projects Delivered MWp |
|
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| Land Bank Acres |
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| Order Book INR Crore |
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| Solar Capacity Under Execution MWp |
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| BESS Capacity Pipeline MWh |
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| BESS Projects Under Execution MWh |
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| Green Ammonia Capacity Allocated MTPA |
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| Solar Capacity Pipeline MWp |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended September 30, 2026.
-
Copy of Newspaper Publication
- Newspaper ads published on 10 Oct 2026 for postal ballot notice dispatch dated 6 Oct 2026.
-
Shareholders meeting
- Postal ballot notice issued on 09 Oct 2026 for material related-party transactions with Oriana USOLAR JV Pvt Ltd.
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Giving guarantees/indemnity/ becoming a surety for third party
- Board revised corporate guarantee to 100% of Rs 460 crore working capital facility for subsidiary's 234 MW project.
-
Shareholders meeting
- 13th AGM resolutions passed by shareholders; voting results and scrutinizer report dated September 30, 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
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.