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Orient Green Power Company Ltd share Price Today

Company details

20.80
21.42
9.53
34.45
6M Return -6.59%
1Y Return 125.78%
Mkt Cap.(Cr) 2,070.31
Volume 4,519,652
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 4,519,652

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Electric Utilities company Orient Green Power Company announced Q4FY24 & FY24 results:

  • Revenue from operations: Rs 27,098 Lakh
  • Total Income : Rs 28,068 Lakh
  • EBITDA %: 70%
  • PBT: Rs 3,867 Lakh

Commenting on the performance, T Shivaraman, Managing Director & CEO, said: “ The current fiscal is a moderate one in terms of wind availability witnessing a marginal increase in turnover. We have initiated component upgradation in certain identified windmills during the year and this exercise is expected to be completed in the next fiscal, which is expected to improve the generation in the years to come. The EBIDTA for the year is maintained at the same level for the year. However, the operating EBITDA and PBT improved by 9% and 16% for the year. Our improved credit rating and refinancing enabled us to cut the interest cost by ~25%. we have also created a Debt Service Reserve Account (DSRA) of ~Rs 69 crore which strengthens our liquidity position. Further, we are in the process of coming out with a rights issue of about Rs. 250crore predominantly for venturing into solar business and debt reduction. The reduced finance cost and a conducive regulatory environment promoting green energy bode well for the future”.

Result PDF

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Orient Green Power Company Ltd shares SWOT Analysis

Strengths (5)

  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (7)

  • Promoters increased pledged shares QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 21.4
R2 21.7
R3 22.0
Pivot

21.11

S1 20.8
S2 20.5
S3 20.2
EMA SMA
20.5
20.6
20.8
19.5
20.3
20.5
21.9
20.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MANSI SHARE AND STOCK ADVISORS PVT LTD Bulk Purchase 2024-02-15 24.5 10470765 NSE
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED Bulk Purchase 2024-02-15 24.53 7431576 NSE
MANSI SHARE AND STOCK ADVISORS PVT LTD Bulk Sell 2024-02-15 24.61 7382073 NSE
Name Category Shares
JANATI BIO POWER PRIVATE LIMITED PROMOTER 29.42%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
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Orient Green Power Company Ltd Stocks COMPARISON

Financials( in Cr) Orient Green Power Company Ltd NTPC Ltd Power Grid Corporation of India Ltd Adani Green Energy Ltd Adani Power Ltd
Price 21.11 362.75 332.95 1,812.35 738.45
% Change 1.49 0.82 2.15 1.79 0.65
Mcap Cr 2,070.31 351,746.56 309,663.61 287,082.04 284,815.66
Revenue TTM Cr 270.98 176,206.93 45,581.28 9,220.00 50,351.25
Net Profit TTM Cr 38.40 17,121.35 15,417.12 1,260.00 20,828.79
PE TTM 70.43 16.90 19.90 223.16 13.66
1 Year Return 125.78 93.47 71.93 85.50 183.31
ROCE 4.02 9.69 12.74 9.95 30.09
ROE 1.62 12.13 19.36 16.88 57.05
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 788.13 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Orient Green Power Company Ltd Information

Stock PE (TTM)
70.43
Promoter Holding
29.42%
Book Value
8.0362
ROCE
4.02%
ROE
1.62%
Description
  • Orient Green Power Company Ltd was incorporated on December 6, 2006 in Chennai, Tamil Nadu. The Company is a leading Indian independent renewable energy-based power generation company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The Company is largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity. The Company grew business by acquiring operating and development renewable energy assets from third parties and by developing greenfield projects. They are having a diverse customer base with a mixture of off-take arrangements. Their customers include SEBs, distribution companies, private commercial and industrial consumers and a power trading company. The company is also one of the top two independent operators and developers of wind farms in India based on aggregate installed capacity. The wind energy business focuses on the development and operation of wind farms in India, Europe and South Asia. They are currently operating wind farms are located in the states of Tamil Nadu and Andhra Pradesh. The company sells power from certain of their wind energy projects to private power consumers seeking to supplement state power supplies for captive purposes pursuant to short-term PPAs in states where such sales are permitted, such as Tamil Nadu. They also sell some of the power from their Indian wind energy projects to SEBs pursuant to long-term PPAs which are generally approximately 20 years in length. In April 2008, the company acquired Amrit Environmental Technologies Pvt Ltd. In November 2008, the company had raised $55 million from Olympus Capital Holdings Asia, Bessemer Venture Partners and Shriram EPC Ltd for setting up wind, bio-mass, small hydel and bio-gas power projects. In December 28, 2008, the company acquired Shriram Powergen Ltd by way of share purchase agreement. In January 25, 2010, the company acquired 50.25 % of shares of Bharath Wind Farm Ltd. In January 29, 2010, the acquired the remaining 49.75% of shares of Bharath Wind Farm Ltd by way of gift from Orient Green Power Pte. Ltd, Singapore. As of July 31, 2010, the company`s total portfolio of operating projects included 213.03 MW of aggregate installed capacity, which comprised 172.53 MW of wind energy projects and 40.5 MW of biomass projects. Their portfolio of committed and development projects included approximately 836.5 MW of prospective capacity, which comprised an estimated 643.0 MW of wind energy projects, 178.5 MW of biomass projects and a 15.0 MW small hydroelectric project. In August 2010, the company entered into a joint venture 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 Namakkal district of Tamil Nadu. The company is in the process of acquiring 3.64 MW of additional wind capacity from a third party. They are expanding their presence of wind farms in Tamil Nadu and developing projects in other locations in India, including the states of Gujarat and Maharashtra, and also internationally, including in Sri Lanka, Croatia, the Czech Republic and Hungary. They are planning to expand into overseas market with an investment of Rs 1500 crore. On January 25, 2010, the company acquired 50.25 % of shares of Bharath Wind Farm Limited and on January 29, 2010, balance 49.75% of shares of Bharath Wind Farm Limited were acquired by Company by way of gift from Orient Green Power Pte. Limited, Singapore During 2011, the company achieved renewable energy capacity of 300 MW. The company through its wholly owned subsidiary Godrej Buildcon Private Limited signed a Development Agreement with JET AIRWAYS (INDIA) LIMITED during the same year, In 2015, the Company completed Synchronization of 20 MW Cogeneration Plant. In 2015-16, Company acquired entire paid up capital in Orient Green Power (Maharashtra) Private Limited. Pursuant to the same, Orient Green Power (Maharashtra) Private Limited became a wholly owned subsidiary of the Company. One of the Company`s equity holding in subsidiary M/s. Pallavi Power & Mines Limited (Pallavi), got reduced from 51% to 38.87% due to allotment of shares by Pallavi to Joint Venture Partner and consequent to reduction in holding ,Pallavi became Associate of the Company. The Company transferred its Biomass Power Generation Plant at Pollachi, through slump sale, as a going concern, effective from July, 2015 entered into with Gayatri Green Power Private Limited (GGPPL). In 2016-17, through Scheme of Arrangement and Amalgamation between the Company and Bharat Wind Farm Private Limited and Biobijlee Green Power Company Limited, the Biomass Undertaking of the Company was demerged into Biobijlee Green Power Company Limited and the wholly owned subsidiary Bharath Wind Farm Limited (BWFL) got merged with the Company effective from October 1, 2015. During the year 2020, the Company disinvested one of its wholly owned subsidiary Biobijlee Green Power Limited and accordingly it ceased to be a subsidiary of the Company.

No Data Found

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533263
NSE Code : GREENPOWER
Book Closure Date (Month) : Jun
BSE Group : B
ISIN : INE999K01014

FAQ’s on Orient Green Power Company Ltd Shares

You can buy Orient Green Power Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Orient Green Power Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Orient Green Power Company Ltd was Rs.21.11.

The latest PE ratio of Orient Green Power Company Ltd as of Jun 24, 2024 03:59 PM is 70.43

The latest PB ratio of Orient Green Power Company Ltd as of Jun 24, 2024 03:59 PM is 0.38

The 52-week high of Orient Green Power Company Ltd share price is Rs. 34.45 while the 52-week low is Rs. 9.53

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:59 PM, the market cap of Orient Green Power Company Ltd stood at Rs. 2,070.31 Cr.

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