Oriana Power Ltd.

•

orianapower.com/BSE: -NSE: ORIANA

Market Cap₹ 2,483 Cr.

Current Price

High / Low₹ 3,064 / 1,175

Stock P/E9.4

Book Value₹ 256

Price to Book5.11

Dividend Yield0.00 %

ROCE63.0 %

ROE48.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Solar Power Project (EPC): 97.9% • Solar Power Sale (RESCO): 2.1%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 60.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 51.3%
Operating margins have improved to 21.7% from 9.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.09x)

CONS

Receivables are growing faster than sales - a possible quality concern
Equity base is being diluted - shares outstanding up 229.9%
Contingent liabilities are large at 106.9% of net worth
Working capital days have increased from 60 to 110 days
Free cash flow has been persistently negative
Stock is trading at 5.1x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3989.15	33.08	548853.62	0.95	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.95	47.74	42940.99	0.34	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1410.25	21.19	24083.20	0.78	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.18	24.28	23165.60	1.36	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1234.85	35.26	21213.19	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	276.40	19.81	15534.85	1.81	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	969.70	26.16	11277.57	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	IRCON	118.30	21.25	11126.30	1.61	92.03	-43.92	1955.83	9.49	10.15	9.81
9.	KEC	407.85	19.61	10856.97	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	AFCONS	284.95	72.43	10480.02	0.70	303.00	120.52	26710.00	692.49	12.88	9.42
11.	WELENT	741.55	33.58	10264.08	0.40	56.36	-44.29	773.72	-8.44	16.44	19.49
12.	ORIANA	1221.90	9.84	2482.80	0.00	—	—	—	—	42.70	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	34	101	133	377	1,019
	30	92	115	301	797
Operating Profit	4	10	19	79	233
OPM %	12	10	14	21	23
Other Income	0	1	1	3	11
Interest	0	0	1	3	10
Depreciation	0	0	0	0	1
	4	10	18	76	222
Tax %	26	27	30	27	26
Net Profit	3	7	12	55	163
EPS	75	23	20	29	80
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	5	6	9	29	80

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 116%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 186%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 48%
1 Year:: -46%

RETURN ON EQUITY

10 Years:: —
5 Years:: 49%
3 Years:: 51%
Last Year:: 49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	3	6	7	19	20
	5	12	29	132	500
	1	5	7	28	31
Trade Payables	10	24	11	51	185
	11	10	23	68	396
Total Liabilities	30	56	78	298	1,133
ASSETS	-	-	-	-	-
	0	0	1	2	3
	7	12	31	89	114
	1	1	6	15	22
	0	0	0	87	387
Cash & Bank	0	0	6	61	55
	22	43	35	45	551
Total Assets	30	56	78	298	1,133
Total Debt	1	8	15	33	33
Net Working Capital	1	7	8	62	308
Contingent Liabilities	13	27	80	164	557
Book Value per Share	25.12	28.83	53.59	78.81	256.27
Face Value	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	1	13	13	226
Cash from Investing	-5	-6	-15	-60	-392
Cash from Financing	3	5	8	58	199
	-0	-0	6	12	33
Free Cash Flow	2	1	11	13	225
OCF / Net Profit	0.69	0.12	1.00	0.24	1.39
Cumulative 5-Year FCF	0	0	0	0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	9.20	11.29	18.61	28.74	80.39
Book Value (₹)	25.12	28.83	53.59	78.81	256.27
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	4.65	5.69	9.37	28.92	80.65
PROFITABILITY
Operating Margin %	11.89%	9.83%	14.48%	20.22%	21.74%
Net Margin %	8.37%	6.90%	9.39%	14.61%	16.04%
ROE %	36.61%	54.61%	46.49%	58.92%	48.62%
ROCE %	47.05%	58.09%	50.18%	67.01%	63.00%
	9.53%	16.31%	18.72%	29.33%	22.83%
EFFICIENCY
Debtor Days	170	72	75	57	85
Inventory Days	7	3	9	10	7
Payable Days	134	70	61	40	56
	42	4	23	27	35
FINANCIAL HEALTH
Debt to Equity (x)	0.10x	0.43x	0.42x	0.22x	0.06x
Interest Coverage (x)	23.36x	30.14x	13.64x	25.97x	22.20x
	1.03x	1.20x	1.22x	1.43x	1.50x
GROWTH
Revenue Growth %	0.00%	198.65%	31.91%	183.83%	169.98%
Operating Profit Growth %	0.00%	146.78%	94.30%	310.41%	194.96%
Net Profit Growth %	0.00%	146.30%	79.51%	341.58%	196.28%
	0.00%	0.00%	0.00%	54.46%	179.71%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	25.82x	16.29x
P/B (x)	0.00x	0.00x	0.00x	9.41x	5.11x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	17.67x	11.33x

Shareholding Pattern

Numbers in percentages

	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	61.41	61.41	57.97	57.97	57.97	57.98
	2.75	1.17	0.92	0.85	0.86	0.32
	3.95	1.94	0.25	0.30	0.37	0.32
Government	0.00	0.00	0.00	0.00	0.00	0.00
	31.89	35.48	40.85	40.87	40.80	41.38

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for ORIANA

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Oriana Power Ltd.

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Name

3989.15

33.08

548853.62

0.95

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.95

47.74

42940.99

0.34

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1410.25

21.19

24083.20

0.78

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.18

24.28

23165.60

1.36

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1234.85

35.26

21213.19

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

276.40

19.81

15534.85

1.81

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

969.70

26.16

11277.57

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

IRCON

118.30

21.25

11126.30

1.61

92.03

-43.92

1955.83

9.49

10.15

9.81

KEC

407.85

19.61

10856.97

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

AFCONS

284.95

72.43

10480.02

0.70

303.00

120.52

26710.00

692.49

12.88

9.42

WELENT

741.55

33.58

10264.08

0.40

56.36

-44.29

773.72

-8.44

16.44

19.49

ORIANA

1221.90

9.84

2482.80

0.00

—

42.70

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

101

133

377

1,019

115

301

797

Operating Profit

233

OPM %

Other Income

Interest

Depreciation

222

Tax %

Net Profit

163

EPS

Dividend Payout %

Minority Interest

Share of Associates

Adjusted EPS

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

132

500

Trade Payables

185

396

Total Liabilities

298

1,133

ASSETS

114

387

Cash & Bank

551

Total Assets

298

1,133

Total Debt

Net Working Capital

308

Contingent Liabilities

164

557

Book Value per Share

25.12

28.83

53.59

78.81

256.27

Face Value

10.00

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

226

Cash from Investing

-5

-6

-15

-60

-392

Cash from Financing

199

-0

Free Cash Flow

225

OCF / Net Profit

0.69

0.12

1.00

0.24

1.39

Cumulative 5-Year FCF

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

9.20

11.29

18.61

28.74

80.39

Book Value (₹)

25.12

28.83

53.59

78.81

256.27

Dividend per Share (₹)

0.00

Cash EPS (₹)

4.65

5.69

9.37

28.92

80.65

PROFITABILITY

Operating Margin %

11.89%

9.83%

14.48%

20.22%

21.74%

Net Margin %

8.37%

6.90%

9.39%

14.61%

16.04%

ROE %

36.61%

54.61%

46.49%

58.92%

48.62%

ROCE %

47.05%

58.09%

50.18%

67.01%

63.00%

9.53%

16.31%

18.72%

29.33%

22.83%

EFFICIENCY

Debtor Days

170

Inventory Days

Payable Days

134

FINANCIAL HEALTH

Debt to Equity (x)

0.10x

0.43x

0.42x

0.22x

0.06x

Interest Coverage (x)

23.36x

30.14x

13.64x

25.97x

22.20x

1.03x

1.20x

1.22x

1.43x

1.50x

GROWTH

Revenue Growth %

0.00%

198.65%

31.91%

183.83%

169.98%

Operating Profit Growth %

0.00%

146.78%

94.30%

310.41%

194.96%

Net Profit Growth %

0.00%

146.30%

79.51%

341.58%

196.28%

0.00%

54.46%

179.71%

VALUATION

P/E (x)

0.00x

25.82x

16.29x

P/B (x)

0.00x

9.41x

5.11x

Dividend Yield %

0.00%

0.00x

17.67x

11.33x

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

61.41

57.97

57.98

2.75

1.17

0.92

0.85

0.86

0.32

3.95

1.94

0.25

0.30

0.37

0.32

Government

0.00

31.89

35.48

40.85

40.87

40.80

41.38

Oriana Power Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Oriana Power Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI