Orient Green Power

₹19.4 -0.2 | 0.9%

WEBSITE BSE:533263 NSE : GREENPOWER 10 May, 16:01

Market Cap ₹1905 Cr.

Stock P/E 47.4

P/B 2.3

Current Price ₹19.4

Book Value ₹ 8.3

Face Value 10

52W High ₹34.6

Dividend Yield 0%

52W Low ₹ 7.6

Edit Ratio

Orient Green Power Research see more...

Overview Inc. Year: 2006Industry: Power Generation/Distribution

Orient Green Power Company Ltd is a holding agency. The Company is focused on developing, owning and running a different portfolio of renewable energy power belongings. The Company is engaged inside the enterprise of generation and sale of power using renewable energy resources, such as biomass, mini hydel, wind, biogas and biofuels. Its biomass energy business focuses by and large on the development and operation of multi-fuel biomass-based power plant that generate electricity from agricultural residues and waste from agriculture crops, forestry and associated industries, along with rice, mustard and soya bean husks, straw, cotton and maize stalks. It has wind power plants in Gujarat, Tamil Nadu, Andhra Pradesh and biomass power plants in Maharashtra, Telangana, Tamil Nadu, Rajasthan. It also owns and operates an 10.5 mw wind power plant loacted in Croatia. It focuses on the development and operation of wind farms in Europe, South Asia and India.

Orient Green Power Share Price

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Peer Comparison

Orient Green Power Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	115	83	38	78	108	28	44	79	122	34
Other Income	1	1	2	1	0	29	2	1	2	4
Total Income	116	83	40	78	108	57	46	79	124	38
Total Expenditure	23	23	21	24	21	19	23	21	22	20
Operating Profit	93	60	19	54	87	38	24	59	102	18
Interest	31	30	28	28	27	26	28	22	20	20
Depreciation	22	22	22	21	21	21	21	21	21	21
Exceptional Income / Expenses	28	-0	0	4	-5	17	7	-7	13	2
Profit Before Tax	67	8	-31	10	35	9	-19	9	75	-21
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	67	8	-31	10	35	9	-19	9	75	-21
Adjustments	-5	-2	-3	-1	-1	1	-1	-1	-0	0
Profit After Adjustments	62	6	-34	9	34	10	-20	8	75	-21
Adjusted Earnings Per Share	0.8	0.1	-0.4	0.1	0.4	0.1	-0.2	0.1	0.8	-0.2

Orient Green Power Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	435	418	501	296	448	387	323	327	255	311	258	279
Other Income	24	8	8	12	13	46	47	64	8	5	33	9
Total Income	460	427	509	308	461	433	371	391	263	315	292	287
Total Expenditure	248	211	266	271	168	131	106	118	93	87	89	86
Operating Profit	211	216	244	37	294	302	265	273	170	228	203	203
Interest	190	266	286	225	268	235	200	163	138	122	108	90
Depreciation	110	143	179	153	169	137	114	92	91	89	83	84
Exceptional Income / Expenses	13	-18	-21	0	48	0	0	2	8	28	23	15
Profit Before Tax	-75	-212	-243	-341	-95	-69	-49	20	-51	47	35	44
Provision for Tax	7	-4	1	-1	1	2	0	0	0	0	0	0
Profit After Tax	-82	-208	-244	-340	-96	-71	-49	20	-51	47	35	44
Adjustments	12	20	11	4	2	-2	-0	3	-7	-12	-3	-2
Profit After Adjustments	-70	-188	-233	-337	-94	-73	-49	23	-58	35	33	42
Adjusted Earnings Per Share	-1.4	-3	-3.8	-4.2	-1.2	-0.9	-0.6	0.3	-0.7	0.4	0.4	0.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-17%	-8%	-8%	-5%
Operating Profit CAGR	-11%	-9%	-8%	-0%
PAT CAGR	-26%	21%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	136%	116%	40%	8%
ROE Average	7%	2%	0%	-11%
ROCE Average	9%	8%	8%	5%

Orient Green Power Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1241	1056	826	741	595	532	496	512	456	489	524
Minority's Interest	30	19	8	4	2	6	-7	-11	-10	-9	-9
Borrowings	1587	1882	1869	1686	1313	1481	1367	1233	1156	1090	949
Other Non-Current Liabilities	13	29	68	41	40	22	87	107	24	21	21
Total Current Liabilities	665	526	493	560	890	331	294	246	268	150	137
Total Liabilities	3536	3513	3265	3033	2839	2373	2236	2087	1895	1831	1692
Fixed Assets	2026	2920	2853	2549	2345	1881	1762	1731	1639	1543	1463
Other Non-Current Assets	1243	311	207	216	210	236	240	141	73	50	14
Total Current Assets	254	271	193	269	283	255	234	216	183	221	203
Total Assets	3536	3513	3265	3033	2839	2373	2236	2087	1895	1831	1692

Orient Green Power Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	29	48	8	7	10	8	9	9	8	14	8
Cash Flow from Operating Activities	-46	192	324	215	306	324	262	265	187	220	229
Cash Flow from Investing Activities	-525	-293	-1	-69	23	48	-19	28	61	22	3
Cash Flow from Financing Activities	590	61	-323	-143	-331	-371	-243	-294	-243	-246	-229
Net Cash Inflow / Outflow	19	-40	1	3	-2	1	0	-1	5	-4	2
Closing Cash & Cash Equivalent	48	8	9	10	8	9	9	8	14	8	11

Orient Green Power Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-1.37	-3.04	-3.77	-4.19	-1.17	-0.9	-0.6	0.28	-0.71	0.43	0.4
CEPS(Rs)	0.56	-1.04	-1.04	-2.32	0.9	0.8	0.8	1.37	0.49	1.66	1.45
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	21.18	16.94	13.2	9.22	7.4	6.52	6.08	6.28	5.59	6	6.42
Core EBITDA Margin(%)	43.01	49.56	47.01	8.38	62.61	66.18	67.29	63.78	63.61	72.07	65.7
EBIT Margin(%)	26.38	12.91	8.61	-39.35	38.61	42.82	46.76	55.86	34.33	54.14	55.49
Pre Tax Margin(%)	-17.15	-50.59	-48.43	-115.47	-21.11	-17.96	-15	6.08	-19.91	14.99	13.59
PAT Margin (%)	-18.76	-49.68	-48.6	-115.02	-21.39	-18.46	-15.05	6.08	-19.91	14.99	13.59
Cash Profit Margin (%)	6.5	-15.41	-12.84	-63.14	16.22	16.85	20.14	34.05	15.81	43.51	45.7
ROA(%)	-2.3	-5.9	-7.19	-10.8	-3.27	-2.74	-2.11	0.92	-2.55	2.5	1.99
ROE(%)	-7.21	-19.58	-26.21	-43.73	-14.36	-12.69	-9.47	3.94	-10.47	9.84	6.93
ROCE(%)	4.03	1.68	1.38	-4.03	6.47	7.09	7.33	9.44	4.8	9.65	8.69
Receivable days	61.97	78.92	70.16	120.36	89.69	100.54	109.34	114.13	150.96	157.84	196.47
Inventory Days	17.01	14.34	11.66	19.24	11.65	8.48	2.97	2.48	2.74	2.07	4.36
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	0	4.72	0	26.24	20.89
Price/Book(x)	0.61	0.51	1.02	1.18	1.21	1.28	0.65	0.21	0.34	1.88	1.3
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	5.81	6.47	5.94	9.85	5.95	5.82	5.63	4.45	5.75	6.82	6.73
EV/Core EBITDA(x)	11.96	12.56	12.24	78.59	9.08	7.45	6.87	5.33	8.62	9.28	8.57
Net Sales Growth(%)	73.87	-3.95	19.9	-41.03	51.62	-13.72	-16.44	1.21	-22.14	21.94	-16.84
EBIT Growth(%)	322.53	-52.99	-20.01	-369.4	248.8	-4.31	-8.75	20.9	-52.15	92.29	-14.76
PAT Growth(%)	0.17	-154.29	-17.3	-39.55	71.81	25.52	31.9	140.87	-355.08	191.8	-24.6
EPS Growth(%)	-0.88	-121.22	-24.16	-10.92	72.01	23.5	33.13	147.2	-349.35	160.79	-6.85
Debt/Equity(x)	1.8	2.13	2.65	2.78	3.3	2.99	3.04	2.64	2.9	2.48	2.05
Current Ratio(x)	0.38	0.51	0.39	0.48	0.32	0.77	0.8	0.88	0.68	1.47	1.48
Quick Ratio(x)	0.35	0.49	0.36	0.46	0.3	0.76	0.79	0.87	0.68	1.46	1.45
Interest Cover(x)	0.61	0.2	0.15	-0.52	0.65	0.7	0.76	1.12	0.63	1.38	1.32
Total Debt/Mcap(x)	2.95	4.2	2.59	2.35	2.72	2.34	4.67	12.44	8.44	1.32	1.57

Orient Green Power Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	48.06	34.53	34.53	34.53	32.53	32.53	32.48	32.48	29.42	29.42
FII	0	0.49	1.06	0.98	0.2	0.01	0	0.82	1.29	0.48
DII	4.96	4.19	4.16	4.16	3.97	3.58	3.58	2.74	2.73	2.73
Public	46.98	60.79	60.24	60.33	63.31	63.88	63.94	63.96	66.56	67.37
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	36.08	25.92	25.92	25.92	24.42	24.42	24.38	31.85	28.85	28.85
FII	0	0.37	0.8	0.74	0.15	0.01	0	0.81	1.27	0.47
DII	3.72	3.15	3.12	3.12	2.98	2.68	2.68	2.68	2.67	2.67
Public	35.27	45.64	45.23	45.29	47.53	47.96	48.01	62.73	65.27	66.07
Others	0	0	0	0	0	0	0	0	0	0
Total	75.07	75.07	75.07	75.07	75.07	75.07	75.07	98.07	98.07	98.07

Pros

Company has reduced debt.

Cons

Promoter holding is low: 29.42%.
Company has a low return on equity of 2% over the last 3 years.

* 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.