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 ₹ 4,456 Cr.
- Current Price ₹ 2,193
- High / Low ₹ 2,984 / 347
- Stock P/E 45.9
- Book Value ₹ 197
- Dividend Yield 0.00 %
- ROCE 37.5 %
- ROE 61.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 58.5%
Cons
- Stock is trading at 11.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 60.7 days to 106 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
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 | TTM | |
|---|---|---|---|---|---|---|
| 21 | 34 | 124 | 135 | 383 | 678 | |
| 19 | 30 | 112 | 115 | 302 | 534 | |
| Operating Profit | 2 | 3 | 12 | 19 | 81 | 145 |
| OPM % | 9% | 10% | 10% | 14% | 21% | 21% |
| 0 | 0 | 1 | 1 | 3 | 5 | |
| Interest | 0 | 1 | 2 | 3 | 6 | 11 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 4 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 | 134 |
| Tax % | 55% | 69% | 35% | 34% | 28% | |
| 1 | 1 | 7 | 11 | 54 | 97 | |
| EPS in Rs | 21.35 | 2.35 | 11.30 | 15.74 | 28.33 | 49.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 125% |
| TTM: | 184% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 322% |
| TTM: | 414% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 534% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| Last Year: | 61% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 3 | 6 | 7 | 19 | 20 |
| Reserves | 1 | 2 | 9 | 25 | 127 | 380 |
| 4 | 17 | 28 | 71 | 184 | 257 | |
| 7 | 22 | 32 | 42 | 80 | 322 | |
| Total Liabilities | 13 | 43 | 75 | 144 | 410 | 978 |
| 6 | 19 | 28 | 29 | 135 | 188 | |
| CWIP | 0 | 0 | 0 | 46 | 52 | 81 |
| Investments | 0 | 0 | 3 | 6 | 11 | 11 |
| 7 | 24 | 45 | 63 | 212 | 699 | |
| Total Assets | 13 | 43 | 75 | 144 | 410 | 978 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 2 | 1 | 9 | 16 | 3 | |
| -6 | -14 | -16 | -41 | -117 | |
| 4 | 15 | 7 | 27 | 134 | |
| Net Cash Flow | 0 | 2 | -0 | 1 | 21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 76 | 148 | 72 | 99 | 75 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 76 | 148 | 72 | 99 | 75 |
| Working Capital Days | -4 | 9 | 30 | 46 | 106 |
| ROCE % | 23% | 38% | 26% | 38% |
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.