GREENPOWERUtilities

Orient Green Power Company Limited

Power Generation · ISIN INE999K01014 · BSE 533263 · NSE EQ · FV ₹10
Last price
₹9
-0.11%today
What this company does

Orient Green Power Company Limited operates in Power Generation, part of the Utilities sector. It booked ₹81 cr of revenue in its latest quarter (Q1 FY27) and kept 28.8% of sales as profit.

The company is into the business of generation of power from renewable energy sources and the production process does not result in any emissions. We do not use any raw materials or inputs for generation of power.
In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Utilities, on all six measures of filed financials. Each measure is ranked against the 6–25 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet44

How much it owes, and whether earnings cover the interest

Cash quality89

Whether reported profit actually arrives as cash

Growth & consistency46

Whether sales and profit have grown, and how steadily

Valuation83

What today's price implies, against our models or its peers

Governance & risk26

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 29% net margin
Turns profit into real cash
Watch-outs
! Sales down 7% vs last year
! Profit down 19% vs last year
! 100.0% of promoter stake pledged

What if I invest in GREENPOWER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹9 -0.11%
latest close · 2026-09-17
1-year return
+201.7%
52-wk low ₹352-wk high ₹28
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.3Low
LowAverageHigh
P/B ratio0.92Below book
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.1%Fair
WeakFairStrong ▸15%
Return on capital9.3%Fair
WeakFairStrong
Net margin28.8%Strong
ThinDecentStrong
EBITDA margin74.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.44Comfortable
LowModerateHigh ▸1
Interest cover2.8×Okay
RiskyOkayStrong ▸5×
Current ratio2.07Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,062 cr
Book value
₹10
EPS
₹0.20
latest quarter
Net debt
₹438 cr
owes more than its cash
Enterprise value
₹1,500 cr
EBITDA
₹241 cr
annualised
EBIT
₹150 cr
annualised
Operating margin
46.0%
Return on assets
5.4%
Earnings yield
8.84%
P/S
3.26
Sales / share
₹2.8
Tax rate
0.0%
Face value
₹10
Shares
117.3 cr
Working capital
₹130 cr
Current assets
₹252 cr
Current liabilities
₹122 cr
Delivery %
47.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹2₹2, midpoint ₹2

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹81 cr
Other Income₹5 cr
Total Income₹86 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹5 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹23 cr
Other Expenses₹21 cr
Total Expenses₹63 cr
Exceptional Items₹21 L
Profit before Tax₹24 cr
Tax Expense₹0 cr
Net Profit₹24 cr
Net margin on total income27.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹5 cr5.8%
Finance costs₹14 cr15.6%
Depreciation & amortisation₹23 cr26.3%
Other expenses₹21 cr24.5%
Profit for the period₹24 cr27.7%
Total income ₹86 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue36 cr39 cr81 cr
Total income40 cr47 cr86 cr
Expenses58 cr63 cr63 cr
Profit before tax-21 cr-16 cr24 cr
Tax0 cr58 L0 cr
Net profit (owners' share)-23 cr-18 cr23 cr
Net margin (owners' share, on revenue)-63.5%-45.6%28.8%
EPS (₹)-0.19-0.150.20
YoY (latest quarter): total income -7.4% · net profit -19.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,732 cr
Shareholder equity
₹1,152 cr
parent shareholders
Total debt
₹503 cr
Cash
₹65 cr
Cash flow · H1 FY26
Operating
₹83 cr
Investing
₹-23 cr
Financing
₹-75 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Rights issue51:1013 Aug 2024
Rights issue62:1918 Aug 2023
Who owns it · 2026-06-30
100.0% pledged
Promoter
24.4%
FII / Foreign
0.6%
DII / Domestic
1.2%
Retail / others
73.8%
Promoter stake down 5.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldJanati Bio Power Private Limited · Promoters70.00 L · ₹8.4 cr31 Mar 22
SoldJanati Bio Power Private Limited · Promoters50.00 L · ₹6.3 cr30 Mar 22
SoldJanati Bio Power Private Limited · Promoters57.02 L · ₹7.5 cr29 Mar 22
Bulk / block deals
BoughtYUGA STOCKS AND COMMODITIES PRIVATE LIMITED · NSE1.24 cr @ ₹13.4128 Apr 26
SoldYUGA STOCKS AND COMMODITIES PRIVATE LIMITED · NSE1.24 cr @ ₹13.228 Apr 26
BoughtNEO APEX SHARE BROKING SERVICES LLP · NSE75.56 L @ ₹13.4528 Apr 26
Stake changes
BoughtCatalyst Trusteeship Limited→ 22.67% · 26.60 cr30 Sep 25
SoldCatalyst trusteeship Ltd→ 0.00% · 15.88 cr10 Oct 24
BoughtJanati Bio Power Pvt Ltd · promoter→ 10.84% · 2.69 cr20 Sep 24
Promoter pledges
PledgedCatalyst Trusteeship Limited acting in its capacity as the debenture trustee on behalf of the debenture holders of SVL Limited26.60 cr · 1.70% held30 Sep 25
PledgedM/s SPV Finserve private Ltd ( formerly SPV Resorts and Banquets private Ltd)1.00 cr · 0.85% held22 Aug 25
PledgedM/s. SPV Finserve Private Limited (Formerly SPV Resorts and Banquets Private Limited)1.00 cr · 0.85% held22 Aug 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Jun 2025
See the official result
1
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
71.76 L votes for, 24,443 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in the place of Mr. T Shivaraman (DIN: 01312018) who retires by rotation and being eligible offers himself for re-appointment
Backed by 96% of shareholders other than promotersneeded 50%
68.63 L votes for, 2.81 L against · 0% of mutual funds and other big investors said no
3
To appoint a Director in the place of Mr.R Ganapathi (DIN: 00103623) who retires by rotation and being eligible offers himself for re-appointment
Backed by 97% of shareholders other than promotersneeded 50%
70.79 L votes for, 2.22 L against · 0% of mutual funds and other big investors said no
4
To re-appoint Mr. Kodumudi Sambamurthi Sripathi (DIN: 02388109) as an Independent Non-Executive-Director and Chairman of the Company for a second term of 5 consecutive years with effect from November 03, 2025 to November 02, 2030
Backed by 97% of shareholders other than promotersneeded 75%
70.77 L votes for, 2.23 L against · 0% of mutual funds and other big investors said no
5
To re-designate Mr. Panchapakesan Krishna Kumar (DIN:01717373) as an Independent Non-Executive Director of the Company for a term of 5 consecutive years with effect from May 01, 2025 to April 30, 2030 Director of the Company
⚑ Passed only because promoters voted yes
Backed by 20% of shareholders other than promotersneeded 75%
14.83 L votes for, 58.18 L against · 99% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 24.4% between them · as of 2026-06-30
JANATI BIO POWER PRIVATE LIMITED24.38%
SVL LIMITEDno shares
Business done with them
FY2026 · 2 of the group
The company paid ₹13 cr to companies in the promoter group last year — about 4.5% of its ₹293 cr revenue and received ₹12 cr back from them.
SVL LIMITED
Contribution made to them · As per Note 48
₹13 cr
company paid
JANATI BIO POWER PRIVATE LIMITED
Contribution received from them · As per Note 48
also owns 24.38% of the company
₹12 cr
company received

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹250 cr raised in Sep 2024 by offering new shares to existing shareholders

As of Jun 2026, the company says it has spent 89% of what it set aside, leaving ₹28 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

To invest/ infuse funds in our newly incorporated wholly owned subsidiary namely Delta Renewable Energy Private Limited (“Delta”) for developing the 19.8 MW AC (29 MW DC) Solar Power Project at Tamil Nadu
80%
₹115 cr of ₹144 cr
Repayment/Pre-payment of unsecured loan availed by our Company from Gamma Green Power Private Limited (“GGPPL”, one of the subsidiaries of our Company) & Clarion Wind Farm Private Limited (“CWFPL”, one of the step-down subsidiaries of our Company)
100%
₹14 cr of ₹14 cr
To lend fresh loans to GGPPL and CWFPL to facilitate them to repay/pre-pay in full or part of unsecured loans availed by them from SVL limited, one of the Corporate Promoters of our Company
100%
₹60 cr of ₹60 cr
Part payment of security deposits towards contractual lease commitments of Beta Wind Farm Private Limited (“BWFPL”) one of the subsidiaries of our Company
94%
₹5 cr of ₹5 cr
General Corporate Purposes
97%
₹25 cr of ₹26 cr
Issue Expenses
spent more than set aside
151%
₹3 cr of ₹2 cr
Spent by quarter: 43%60%71%89% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.