Orient Green Power

₹13.7 -0.1 | 0.7%

WEBSITE BSE:533263 NSE : GREENPOWER 13 Feb, 16:01

Market Cap ₹1609 Cr.

Stock P/E 41.9

P/B 1.6

Current Price ₹13.7

Book Value ₹ 8.8

Face Value 10

52W High ₹24.8

Dividend Yield 0%

52W Low ₹ 13.1

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 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	108	28	44	67	122	34	36	63	124	35
Other Income	0	29	2	1	2	4	3	5	2	6
Total Income	108	57	46	68	124	38	39	68	126	40
Total Expenditure	21	19	23	21	22	20	22	23	22	24
Operating Profit	87	38	24	47	102	18	17	46	104	17
Interest	27	26	28	21	20	20	19	19	19	18
Depreciation	21	21	21	21	21	21	21	21	21	21
Exceptional Income / Expenses	-5	17	7	4	13	2	-3	0	2	0
Profit Before Tax	35	9	-19	9	75	-21	-25	6	66	-22
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	35	9	-19	9	75	-21	-25	6	66	-22
Adjustments	-1	1	-1	-1	-0	0	-1	6	0	0
Profit After Adjustments	34	10	-20	8	75	-21	-26	12	67	-22
Adjusted Earnings Per Share	0.4	0.1	-0.2	0.1	0.7	-0.2	-0.2	0.1	0.6	-0.2

Orient Green Power Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	418	501	296	448	387	323	327	255	311	258	271	258
Other Income	8	8	12	13	46	47	64	8	5	33	10	16
Total Income	427	509	308	461	433	371	391	263	315	292	281	273
Total Expenditure	211	266	271	168	131	106	118	93	87	89	85	91
Operating Profit	216	244	37	294	302	265	273	170	228	203	196	184
Interest	266	286	225	268	235	200	163	138	122	108	80	75
Depreciation	143	179	153	169	137	114	92	91	89	83	82	84
Exceptional Income / Expenses	-18	-21	0	48	0	0	2	8	28	23	5	-1
Profit Before Tax	-212	-243	-341	-95	-69	-49	20	-51	47	35	39	25
Provision for Tax	-4	1	-1	1	2	0	0	0	0	0	0	0
Profit After Tax	-208	-244	-340	-96	-71	-49	20	-51	47	35	38	25
Adjustments	20	11	4	2	-2	-0	3	-7	-12	-3	-2	5
Profit After Adjustments	-188	-233	-337	-94	-73	-49	23	-58	35	33	37	31
Adjusted Earnings Per Share	-2.8	-3.5	-3.9	-1.1	-0.8	-0.6	0.3	-0.7	0.4	0.4	0.3	0.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	2%	-3%	-4%
Operating Profit CAGR	-3%	5%	-6%	-1%
PAT CAGR	9%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-45%	10%	51%	0%
ROE Average	6%	8%	3%	-10%
ROCE Average	8%	9%	8%	5%

Orient Green Power Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1056	826	741	595	532	496	512	456	489	524	788
Minority's Interest	19	8	4	2	6	-7	-11	-10	-9	-9	-7
Borrowings	1882	1869	1686	1313	1481	1367	1233	1156	1090	949	630
Other Non-Current Liabilities	29	68	41	40	22	87	107	24	21	21	17
Total Current Liabilities	526	493	560	890	331	294	246	268	150	137	119
Total Liabilities	3513	3265	3033	2839	2373	2236	2087	1895	1831	1692	1618
Fixed Assets	2920	2853	2549	2345	1881	1762	1731	1639	1543	1463	1393
Other Non-Current Assets	311	207	216	210	236	240	141	73	50	14	20
Total Current Assets	271	193	269	283	255	234	216	183	221	203	192
Total Assets	3513	3265	3033	2839	2373	2236	2087	1895	1831	1692	1618

Orient Green Power Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	48	8	7	10	8	9	9	8	14	8	11
Cash Flow from Operating Activities	192	324	215	306	324	262	265	187	220	229	250
Cash Flow from Investing Activities	-293	-1	-69	23	48	-19	28	61	22	3	-2
Cash Flow from Financing Activities	61	-323	-143	-331	-371	-243	-294	-243	-246	-229	-189
Net Cash Inflow / Outflow	-40	1	3	-2	1	0	-1	5	-4	2	58
Closing Cash & Cash Equivalent	8	9	10	8	9	9	8	14	8	11	70

Orient Green Power Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	-2.81	-3.49	-3.88	-1.08	-0.83	-0.55	0.26	-0.65	0.4	0.37	0.34
CEPS(Rs)	-0.97	-0.97	-2.15	0.84	0.74	0.74	1.26	0.46	1.53	1.34	1.14
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	15.68	12.21	8.54	6.85	6.03	5.63	5.81	5.18	5.55	5.94	7.44
Core EBITDA Margin(%)	49.56	47.01	8.38	62.61	66.18	67.29	63.78	63.61	72.07	65.72	68.79
EBIT Margin(%)	12.91	8.61	-39.35	38.61	42.82	46.76	55.86	34.33	54.14	55.51	43.87
Pre Tax Margin(%)	-50.59	-48.43	-115.47	-21.11	-17.96	-15	6.08	-19.91	14.99	13.59	14.27
PAT Margin (%)	-49.68	-48.6	-115.02	-21.39	-18.46	-15.05	6.08	-19.91	14.99	13.59	14.17
Cash Profit Margin (%)	-15.41	-12.84	-63.14	16.22	16.85	20.14	34.05	15.81	43.51	45.7	44.56
ROA(%)	-5.9	-7.19	-10.8	-3.27	-2.74	-2.11	0.92	-2.55	2.5	1.99	2.32
ROE(%)	-19.58	-26.21	-43.73	-14.36	-12.69	-9.47	3.94	-10.47	9.85	6.93	5.85
ROCE(%)	1.68	1.38	-4.03	6.47	7.09	7.33	9.44	4.8	9.65	8.7	7.62
Receivable days	78.92	70.16	120.36	89.69	100.54	109.34	114.13	150.96	157.84	196.47	130.73
Inventory Days	14.34	11.66	19.24	11.65	8.48	2.97	2.48	2.74	2.07	4.36	5.65
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	4.72	0	26.24	20.89	50.47
Price/Book(x)	0.51	1.02	1.18	1.21	1.28	0.65	0.21	0.34	1.88	1.3	2.34
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	6.47	5.94	9.85	5.95	5.82	5.63	4.45	5.75	6.82	6.73	9.26
EV/Core EBITDA(x)	12.56	12.24	78.59	9.08	7.45	6.87	5.33	8.62	9.28	8.57	12.78
Net Sales Growth(%)	-3.95	19.9	-41.03	51.62	-13.72	-16.44	1.21	-22.14	21.94	-16.84	4.91
EBIT Growth(%)	-52.99	-20.01	-369.4	248.8	-4.31	-8.75	20.9	-52.15	92.29	-14.73	-17.09
PAT Growth(%)	-154.29	-17.3	-39.55	71.81	25.52	31.9	140.87	-355.08	191.8	-24.6	9.4
EPS Growth(%)	-121.22	-24.16	-10.92	72.01	23.5	33.13	147.2	-349.35	160.79	-6.84	-6.78
Debt/Equity(x)	2.13	2.65	2.78	3.3	2.99	3.04	2.64	2.9	2.48	2.05	0.94
Current Ratio(x)	0.51	0.39	0.48	0.32	0.77	0.8	0.88	0.68	1.47	1.48	1.62
Quick Ratio(x)	0.49	0.36	0.46	0.3	0.76	0.79	0.87	0.68	1.46	1.45	1.59
Interest Cover(x)	0.2	0.15	-0.52	0.65	0.7	0.76	1.12	0.63	1.38	1.32	1.48
Total Debt/Mcap(x)	4.2	2.59	2.35	2.72	2.34	4.67	12.44	8.44	1.32	1.57	0.4

Orient Green Power Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	34.53	32.53	32.53	32.48	32.48	29.42	29.42	29.42	26.89	24.38
FII	0.98	0.2	0.01	0	0.82	1.29	0.48	0.51	0.62	0.74
DII	4.16	3.97	3.58	3.58	2.74	2.73	2.73	2.73	1.35	1.35
Public	60.33	63.31	63.88	63.94	63.96	66.56	67.37	67.34	71.14	73.53
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	25.92	24.42	24.42	24.38	31.85	28.85	28.85	28.85	31.55	28.6
FII	0.74	0.15	0.01	0	0.81	1.27	0.47	0.5	0.73	0.86
DII	3.12	2.98	2.68	2.68	2.68	2.67	2.67	2.68	1.58	1.58
Public	45.29	47.53	47.96	48.01	62.73	65.27	66.07	66.04	83.45	86.26
Others	0	0	0	0	0	0	0	0	0	0
Total	75.07	75.07	75.07	75.07	98.07	98.07	98.07	98.07	117.3	117.3

Pros

Company has reduced debt.

Cons

Promoter holding is low: 24.38%.
Company has a low return on equity of 8% 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.