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 ₹ 2,474 Cr.
- Current Price ₹ 244
- High / Low ₹ 613 / 222
- Stock P/E 9.80
- 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
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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 | |
| Sales growth | +58% | +270% | +9% | +184% | +158% | +84% | |
| 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: | 55% |
| 1 Year: | -59% |
| 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
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General Updates
- Oriana Power incorporated Truere Solar Renew Private Limited as a step-down subsidiary on November 04, 2026.
-
Credit Rating- New
- CRISIL reaffirmed Oriana Power’s A-/Stable ratings; bank facilities enhanced to ₹950 crore.
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General Updates
- Oriana Power incorporated wholly owned subsidiary TRUERE OPL New Energies Pvt Ltd on October 27, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended September 30, 2026.
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Copy of Newspaper Publication
- Newspaper ads published on 10 Oct 2026 for postal ballot notice dispatch dated 6 Oct 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
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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.