1. ORIENT GREEN POWER
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ORIENT GREEN POWER Share Price

GREENPOWER

₹20.80+₹0.30 (1.46%) Past YearLast updated on 22 Apr, 2024 | 03:57 PM IST
₹20.05₹21.20
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Company overview

About

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Market cap

Market Cap Switch₹2,010 Cr

Open

₹20.95

Close

₹20.50

Circuit range

₹21.50 - ₹19.50

Day range

₹20.05 - ₹21.20

Year range

₹7.75 - ₹34.45

Volume

15,83,952

Avg. traded

₹20.75

Revenue (12m)

₹279 Cr

ORIENT GREEN POWER

Orient Green Power Company Ltd is the largest producer and developer of renewable energy power plants in India on an aggregate capacity basis. Promoted by SVL Limited, the company is headquartered in Tamil Nadu's Chennai. Its portfolio includes biomass, biogas, wind energy and small hydroelectric projects. As of June 2022, the company had a portfolio of 402.3 MW of wind assets spread across Andhra Pradesh, Gujarat, Tamil Nadu and Karnataka. The total capacity also includes a 10.5 MW wind farm in Croatia.

Business operations

Orient Green Power has expanded its business with the acquisition and development of renewable energy assets from third parties. The company's customer base includes state electricity boards, distribution companies, industrial consumers, private consumers and power trading companies. The company sells power to private power consumers looking to supplement state power supplies for captive purposes. The sale of power to state electricity boards is typically under a long-term agreement.

The company was incorporated in 2006. Two years later, it raised $55 million from Olympus Capital Holdings, Asia Bessemer Venture Partners and Shriram EPC Ltd for setting up wind biomass small hydel and biogas power projects. The same year, the company acquired Amrit Environmental Technologies Pvt Ltd. It also took a majority stake in Shriram Powergen Ltd by way of a share purchase agreement.

Orient Green Power acquired a 100% stake in Bharath Wind Farm Ltd in 2010 taking its installed capacity to 213.03 MW which comprised 172.53 MW of wind energy and 40.5 MW of biomass project.

Orient Green teamed up with Japan-based Nishi-Nippon Environment Energy Co Inc and formed Orient Eco Energy Ltd to set up a 7.5 MW poultry litter-based power generation project in Tamil Nadu's Namakkal.

The company further expanded its presence in states like Gujarat and Maharashtra; and internally in Croatia, Sri Lanka, the Czech Republic and Hungary. The company also commissioned the development of a 15 MW mini hydroelectric power project in Odisha.

Orient Green developed biomass projects in Andhra Pradesh, Rajasthan, Tamil Nadu, Punjab and Maharashtra. In 2011, the company achieved a capacity of 300 MW in renewable energy. It also signed a development agreement with Jet Airways (India) Ltd through its subsidiary Godrej Buildcon Private Limited.

In FY23, the company focused on reducing the finance cost and prompt loan services which resulted in improved ratings and helped it in refinancing ₹721 crores at a reduced rate of interest from the Indian Renewable Energy Development Agency (IREDA). The late payment surcharge (LPS) scheme introduced by the Ministry of Power helped the company realise the long pending dues from state-owned discoms. The company witnessed a dip in power generation due to low wind availability.

As of January 11, 2024. The company’s market capitalisation is over ₹2,300 crore. Orient Green Power’s share price has gained over 650% in the last three years.

Financial highlights

– Orient Green Power’s total revenue from operations in FY23 stood at ₹258 crore, recording a dip of 18 % from ₹310.6 crore in the last financial year. – The company reported a net profit of ₹33 crore in FY23 as against ₹36 crore in FY22. – The EBITDA stood at ₹203 crore in FY23, a 11% decline from ₹228 crores as recorded in the previous fiscal year. – Its basic earnings per share (EPS) slipped to ₹0.43 in FY23 from ₹0.47 in the last financial year.

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ORIENT GREEN POWER Key indicators

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52 week high

₹34.45

52 week low

₹7.75

P/E ratio

36.89

P/B ratio

2.47

ROE

0.38%

ROCE

0.64%

Dividend yield

--

Debt/Equity ratio

0.38

EPS

0.04

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Investment checklist: (2/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

28.17%

Net profit margin

12.08%

ROE

0.38%

ROA

0.28%

ROCE

0.64%

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ORIENT GREEN POWER Shareholder returns

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1 day

-2.38%

1 week

-4.21%

1 month

+8.47%

3 months

-10.68%

1 year

+124.04%

3 years

+1038.89%

5 years

+511.94%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

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ORIENT GREEN POWER Share Price history

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DayOpenCloseDay’s change
Fri, Apr 19 2024
₹20.35
₹20.50
+0.73%
Thu, Apr 18 2024
₹21.80
₹21.00
-3.81%
Tue, Apr 16 2024
₹19.75
₹21.35
+7.49%
Mon, Apr 15 2024
₹20.35
₹20.35
---%
Fri, Apr 12 2024
₹21.45
₹21.10
-1.66%
Wed, Apr 10 2024
₹21.70
₹21.40
-1.40%
Tue, Apr 9 2024
₹22.15
₹21.40
-3.50%
Mon, Apr 8 2024
₹22.70
₹21.90
-3.65%

Shareholding info

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Promoters (29.42%)

Mutual Funds (0%)

Retail and other (67.37%)

Foreign institutions-FII (0.48%)

Other domestic institutions (2.73%)

Retail and other

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Events

Corporate actions

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  • Rights Issue • 19:62

    Ex date 18 Aug 2023

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  • Rights Issue • 0:0

    Ex date

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Frequently asked questions