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 ₹ 4,545 Cr.
- Current Price ₹ 2,237
- High / Low ₹ 2,984 / 357
- Stock P/E 46.0
- Book Value ₹ 202
- Dividend Yield 0.00 %
- ROCE 67.0 %
- ROE 58.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 56.0%
Cons
- Stock is trading at 10.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 51.3 days to 72.8 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
Sector: Power Infrastructure Industry: Engineering - Turnkey Services
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 34 | 101 | 133 | 377 | 667 | |
| 30 | 92 | 115 | 301 | 529 | |
| Operating Profit | 4 | 9 | 18 | 76 | 138 |
| OPM % | 12% | 9% | 14% | 20% | 21% |
| 0 | 1 | 1 | 3 | 5 | |
| Interest | 0 | 0 | 1 | 3 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 9 | 18 | 76 | 137 |
| Tax % | 26% | 26% | 30% | 27% | |
| 3 | 7 | 12 | 55 | 99 | |
| EPS in Rs | 9.19 | 11.30 | 18.61 | 28.74 | 50.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 124% |
| TTM: | 184% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 169% |
| TTM: | 341% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 522% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| Last Year: | 59% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 3 | 6 | 7 | 19 | 20 |
| Reserves | 5 | 12 | 29 | 132 | 390 |
| 1 | 8 | 15 | 33 | 36 | |
| 21 | 30 | 27 | 115 | 393 | |
| Total Liabilities | 30 | 56 | 78 | 298 | 839 |
| 0 | 0 | 1 | 2 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 12 | 31 | 89 | 194 |
| 23 | 44 | 46 | 207 | 641 | |
| Total Assets | 30 | 56 | 78 | 298 | 839 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 2 | 1 | 13 | 14 | |
| -5 | -6 | -15 | -60 | |
| 3 | 5 | 8 | 57 | |
| Net Cash Flow | -0 | -0 | 6 | 11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 170 | 87 | 85 | 84 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 170 | 87 | 85 | 84 |
| Working Capital Days | 15 | 46 | 35 | 73 |
| ROCE % | 57% | 50% | 67% |
Documents
Announcements
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Monitoring Agency Report
15 November 2024 - Monitoring Agency Report for the quarter ended September 30, 2024 of the Company
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Press Release
14 November 2024 - Oriana Power Limited has informed regarding a press release dated November 14, 2024, titled "Submission of the Financial Result Presentation ( Earnings Release ) on …
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Financial Result Updates
13 November 2024 - Oriana Power Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Statement of deviation(s) or variation(s) under Reg. 32
13 November 2024 - Oriana Power Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Outcome of Board Meeting
13 November 2024 - Oriana Power Limited has informed regarding Board meeting held on November 13, 2024.
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.