BSE: 0 | NSE: ORIANA | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Oriana Power Ltd is a average quality company.
The key valuation ratios of Oriana Power Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Oriana Power Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 47.1% | 58.1% | 50.2% | 67% | - |
| Value Creation Index ⓘ | 2.4 | 3.2 | 2.6 | 3.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 33.7 | 101 | 133 | 377 | 377 |
| Sales YoY Gr. | - | 198.7% | 31.9% | 183.8% | - |
| Adj EPS ⓘ | 4.6 | 5.4 | 9 | 28.6 | 27.1 |
| YoY Gr. | - | 16.6% | 66.5% | 218.5% | - |
| BVPS (₹) ⓘ | 12.6 | 14.4 | 26.8 | 78.8 | 176.2 |
| Adj Net Profit ⓘ | 2.8 | 6.7 | 12.1 | 54.9 | 55 |
| Cash Flow from Ops. ⓘ | 2 | 0.8 | 12.5 | 14 | - |
| Debt/CF from Ops. ⓘ | 0.4 | 9.4 | 1.2 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 123.6% | 183.8% | ||||
| Adj EPS ⓘ | NA | NA | 83.6% | 218.5% | ||||
| BVPSⓘ | NA | NA | 84.4% | 194.2% | ||||
| Share Price | - | - | - | 393% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 36.9 | 52.3 | 44.9 | 58.7 | 21.3 |
| Op. Profit Mgn % ⓘ | 11.9 | 9.2 | 13.7 | 20.2 | NAN |
| Net Profit Mgn % ⓘ | 8.4 | 6.6 | 9.1 | 14.6 | 14.6 |
| Debt to Equity ⓘ | 0.1 | 0.4 | 0.4 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 120 | 115 | 111 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 6 | 25 | 28 | 0 |
Sales growth is growing at healthy rate in last 3 years 123.62%
Net Profit is growing at healthy rate in last 3 years 83.55%
Return on Equity has declined versus last 3 years average to 21.30%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 27.1 | 26.8 |
| TTM Sales (₹ Cr.) | 377 | 383 |
| BVPS (₹.) ⓘ | 176.2 | 173.8 |
| Reserves (₹ Cr.) ⓘ | 338 | 333 |
| P/BV ⓘ | 13.89 | 14.09 |
| PE ⓘ | 90.23 | 91.53 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 4,975 |
| Equity (₹ Cr.) | 20.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.8 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 34 | 101 | 133 | 377 |
| Operating Expenses ⓘ | 30 | 92 | 115 | 301 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 28 | 88 | 104 | 284 |
| Employee Cost | 1 | 1 | 2 | 4 |
| Other Costs ⓘ | 1 | 3 | 9 | 13 |
| Operating Profit ⓘ | 4 | 9 | 18 | 76 |
| Operating Profit Margin (%) | 11.8% | 9.1% | 13.7% | 20.2% |
| Other Income ⓘ | 0 | 1 | 1 | 3 |
| Interest ⓘ | 0 | 0 | 1 | 3 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 10 | 18 | 76 |
| Tax ⓘ | 1 | 3 | 5 | 20 |
| Profit After Tax | 3 | 7 | 12 | 55 |
| PAT Margin (%) | 8.4% | 6.9% | 9.4% | 14.6% |
| Adjusted EPS (₹) | 4.6 | 5.7 | 9.3 | 28.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8 | 18 | 36 | 151 | ||||||
| Share Capital ⓘ | 3 | 6 | 7 | 19 | ||||||
| Reserves ⓘ | 5 | 12 | 29 | 132 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 7 | 12 | 30 | ||||||
| Long Term Debt | 0 | 2 | 5 | 2 | ||||||
| Short Term Debt | 1 | 5 | 7 | 28 | ||||||
| Trade Payables | 10 | 24 | 11 | 51 | ||||||
| Others Liabilities ⓘ | 11 | 8 | 18 | 66 | ||||||
| Total Liabilities ⓘ | 30 | 56 | 78 | 298 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 1 | 2 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 0 | 0 | 1 | 2 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 7 | 12 | 31 | 89 | ||||||
| Inventories | 1 | 1 | 6 | 15 | ||||||
| Trade Receivables | 16 | 24 | 31 | 87 | ||||||
| Cash Equivalents | 0 | 0 | 6 | 17 | ||||||
| Others Assetsⓘ | 7 | 19 | 4 | 88 | ||||||
| Total Assets ⓘ | 30 | 56 | 78 | 298 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 1 | 13 | 14 |
| PBT ⓘ | 4 | 9 | 18 | 76 |
| Adjustment ⓘ | 0 | 0 | -4 | 5 |
| Changes in Working Capital ⓘ | -1 | -6 | -1 | -56 |
| Tax Paid ⓘ | -1 | -2 | 0 | -10 |
| Cash Flow From Investing Activity ⓘ | -5 | -6 | -15 | -60 |
| Capex | 0 | 0 | -1 | -1 |
| Net Investments | -5 | -5 | -13 | -58 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 3 | 5 | 8 | 57 |
| Net Proceeds from Shares ⓘ | 3 | 3 | 6 | 63 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 2 | 3 | -3 |
| Net Cash Flow ⓘ | 0 | 0 | 6 | 12 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 36.61 | 54.61 | 46.49 | 58.92 | ||||||
| ROCE (%) | 47.05 | 58.09 | 50.18 | 67.01 | ||||||
| Asset Turnover Ratio | 1.14 | 2.36 | 1.99 | 2.01 | ||||||
| PAT to CFO Conversion(x) | 0.67 | 0.14 | 1.08 | 0.25 | Working Capital Days | |||||
| Receivable Days | 170 | 72 | 75 | 57 | ||||||
| Inventory Days | 7 | 3 | 9 | 10 | ||||||
| Payable Days | 134 | 70 | 61 | 40 | ||||||
The company was originally incorporated on February 21, 2013 as a Private Limited Company as ‘Oriana Power Private Limited’ vide Registration under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi. Thereafter the main object of the company was altered by passing of special resolution by the shareholders of the company on August 19, 2019, Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on April 08, 2023, The company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Oriana Power Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on April 24, 2023 by the Registrar of Companies, Delhi.
Oriana Power is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers low carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. In this model, customer invest in the Capital Expenditure at their own and Oriana does Engineering, Procurement, Construction and Operation on behalf of the client. This model may be executed in various manners such as rooftop and ground-mounted systems, as well as off-site solar farms. Under CAPEX Model it has delivered projects with a capacity exceeding 100 MWp across various locations across India till date since commencement of its business activity in this area of service i.e. June 2017.
Under the RESCO model, it operates through its 18 (eighteen subsidiaries). Its subsidiaries provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis, allowing its customers to enjoy the benefits of solar energy without the upfront investment. All the Investment, Commissioning and maintenance are done at its end and in lieu of that the company sells power to the end consumer through a Power Purchase agreement generally agreed for 25 years. This Business gives it Annuity income post recovery of Initial investment.
Business area of the company
The company is specializes in providing solar energy solutions to industrial and commercial customers.
Products of the company
History and milestone
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