Orient Green Power Company Ltd.
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ABOUT
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.25x)
- Working capital cycle has improved - days down from 271 to 162
- Stock looks reasonably valued - P/E of 17.4 is below its historical median
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.6
CONS
- A large part of profit comes from other income (35.0% of PBT)
- Company has a low return on equity of 5.3% over last 3 years
- Company has a low return on capital employed of 7.4%
- Promoter holding has decreased over last 2 years: -5.0pp
- Equity base is being diluted - shares outstanding up 56.3%
- Effective tax rate is unusually low at 0.8% - earnings may be flattered
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 209.85 | 28.39 | 404689.32 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 333.30 | 11.64 | 323189.88 | 2.70 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 269.10 | 15.74 | 250279.25 | 3.34 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1282.00 | 118.37 | 211167.98 | 0.00 | 9830.00 | 1092.96 | 44310.00 | 1066.05 | 9.90 | 91.24 |
| ADANIENSOL | 1373.75 | 57.55 | 168003.37 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| TATAPOWER | 365.00 | 30.19 | 116629.89 | 0.68 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 525.45 | 48.97 | 96340.35 | 0.38 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 76.30 | 20.19 | 76643.62 | 2.11 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 86.90 | 120.64 | 73224.80 | 0.00 | 3048.40 | 1282.62 | 11068.60 | 1527.23 | 3.73 | 91.95 |
| TORNTPOWER | 1298.20 | 28.15 | 65416.76 | 1.54 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 264.25 | 11.42 | 36641.87 | 1.46 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.27 | 32.83 |
| GREENPOWER | 9.32 | 17.43 | 1113.73 | 0.00 | 239.40 | 736.48 | 814.30 | 831.91 | 7.94 | 67.79 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 122 | 34 | 36 | 63 | 121 | 35 | 42 | 87 | 131 | 36 | 39 | 81 | |
| 21 | 22 | 20 | 22 | 22 | 21 | 23 | 25 | 27 | 31 | 23 | 28 | 62 | |
| Operating Profit | 47 | 100 | 14 | 14 | 40 | 100 | 11 | 17 | 60 | 100 | 13 | 10 | 19 |
| OPM % | 69.31% | 82.08% | 40.88% | 39.69% | 64.50% | 82.62% | 32.83% | 39.89% | 68.81% | 76.23% | 36.09% | 26.22% | 23.25% |
| 4 | 15 | 6 | 1 | 5 | 3 | 6 | 7 | 6 | 17 | 1 | 8 | 5 | |
| Interest | 21 | 20 | 20 | 19 | 19 | 19 | 18 | 16 | 16 | 15 | 13 | 13 | 14 |
| Depreciation | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 22 | 22 | 22 | 23 |
| Profit before Tax | 9 | 75 | -21 | -25 | 5 | 63 | -22 | -14 | 29 | 81 | -21 | -16 | 24 |
| Tax % | 0.00% | 0.00% | -0.00% | -1.08% | 2.22% | 0.00% | -0.23% | 2.29% | 0.00% | 0.00% | -0.00% | -3.64% | 0.00% |
| Net Profit | 0 | 0 | 0 | 0 | 130 | 66 | -22 | -15 | 29 | 81 | -21 | -17 | 24 |
| 0.10 | 0.70 | -0.20 | -0.25 | 0.06 | 0.57 | -0.20 | -0.12 | 0.25 | 0.69 | -0.19 | -0.15 | 0.20 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 448 | 387 | 323 | 327 | 255 | 311 | 258 | 259 | 260 | 293 | 287 | |
| 168 | 131 | 106 | 118 | 93 | 87 | 89 | 85 | 92 | 113 | 145 | |
| Operating Profit | 281 | 256 | 218 | 209 | 162 | 224 | 170 | 175 | 168 | 180 | 142 |
| OPM % | 62.61% | 66.18% | 67.29% | 63.78% | 63.61% | 72.07% | 65.72% | 67.40% | 64.62% | 61.48% | 49.44% |
| 61 | 46 | 47 | 66 | 16 | 33 | 57 | 26 | 21 | 36 | 31 | |
| Interest | 268 | 235 | 200 | 163 | 138 | 122 | 108 | 80 | 72 | 57 | 55 |
| Depreciation | 169 | 137 | 114 | 92 | 91 | 89 | 83 | 82 | 84 | 86 | 88 |
| Profit before Tax | -95 | -69 | -49 | 20 | -51 | 47 | 35 | 39 | 34 | 72 | 68 |
| Tax % | -1.34% | -2.83% | -0.28% | 0.00% | -0.00% | 0.00% | 0.00% | 0.70% | -0.42% | 0.80% | 0.86% |
| Net Profit | -96 | -71 | -49 | 20 | -51 | 47 | 35 | 38 | 34 | 72 | 67 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -0.77 | 0.47 | 0.40 | 0.37 | 0.33 | 0.59 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 0%
- 5 Years:
- 3%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 29%
STOCK PRICE CAGR
- 10 Years:
- 1%
- 5 Years:
- 30%
- 3 Years:
- -10%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- -1%
- 5 Years:
- 7%
- 3 Years:
- 5%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 740 | 751 | 751 | 751 | 751 | 751 | 751 | 981 | 1,173 | 1,173 |
| Minority Interest | 2 | 6 | -7 | -11 | -10 | -9 | -9 | -7 | -4 | 2 |
| -145 | -219 | -255 | -239 | -295 | -261 | -227 | -193 | -98 | -21 | |
| 1,423 | 1,609 | 1,594 | 1,459 | 1,334 | 1,220 | 1,709 | 645 | 450 | 432 | |
| Trade Payables | 73 | 23 | 30 | 28 | 21 | 19 | 12 | 8 | 7 | 10 |
| 746 | 203 | 124 | 99 | 93 | 112 | -544 | 183 | 134 | 136 | |
| Total Liabilities | 2,839 | 2,373 | 2,236 | 2,087 | 1,895 | 1,831 | 1,692 | 1,618 | 1,662 | 1,732 |
| 2,345 | 1,881 | 1,762 | 1,731 | 1,639 | 1,543 | 1,463 | 1,393 | 1,329 | 1,365 | |
| Capital Work in Progress | 5 | 6 | 6 | 0 | 0 | 0 | 5 | 11 | 10 | 79 |
| 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 14 | 2 | |
| 15 | 3 | 3 | 2 | 2 | 2 | 5 | 4 | 6 | 7 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81 | 81 | 81 | |
| Cash & Bank | 14 | 16 | 10 | 8 | 16 | 13 | 12 | 73 | 171 | 126 |
| 459 | 466 | 455 | 346 | 236 | 274 | 207 | 56 | 52 | 72 | |
| Total Assets | 2,839 | 2,373 | 2,236 | 2,087 | 1,895 | 1,831 | 1,692 | 1,618 | 1,662 | 1,732 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 305 | 325 | 261 | 265 | 186 | 220 | 226 | 250 | 169 | 195 | |
| Cash from Investing | 23 | 48 | -19 | 28 | 61 | 22 | 3 | -2 | -153 | -97 |
| Cash from Financing | -331 | -371 | -243 | -294 | -243 | -246 | -229 | -189 | -56 | -64 |
| -2 | 1 | 0 | -1 | 5 | -4 | 2 | 58 | -40 | 34 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Significant increase in volume has been observed in Orient Green Power Company Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Orient Green Power Company Limited has submitted their response.
2026-09-09 - Significant increase in volume has been observed in Orient Green Power Company Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-09-09 - Orient Green Power Company Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "ICRA assigns ICRA BBB (Stable) credit rating for Orient Green Power Company Limited s subsidiaries Beta Wind Farm and Delta Renewable Energy".
2026-09-09 - Orient Green Power Company Limited has informed the Exchange about Credit Rating
2026-07-29 - Monitoring Agency Report for the quarter ended June 30, 2026 as per Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-07-29 - Orient Green Power Company Limited has informed the Exchange about Transcript
2026-07-28 - Orient Green Power Company Limited has informed the Exchange about Link of Recording
2026-07-23 - Orient Green Power Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 22, 2026. Further, the company has informed the Exchange regarding voting results.
2026-07-23 - Orient Green Power Company Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for GREENPOWER
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Orient Green Power Company Ltd.
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