Orient Green Power Company Limited (GREENPOWER)

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Orient Green Power Company Limited (GREENPOWER) · mywealthgrid

About

Orient Green Power operates power generation in utilities sector. Market cap ₹1,117.87 Cr. Quarterly revenue swings ₹5–131 Cr, with net profit ranging ₹80.94 Cr to -₹21.43 Cr loss, suggesting significant operational or contractual variability.

Face value: ₹10

Market cap

₹1,029 Cr

P/E

15.4×

P/B

0.9×

Dividend yield

ROE

6.2%

ROCE

7.6%

Debt / equity

0.44

OPM

62.4%

EPS (TTM)

₹0.6

Book value

₹9.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins swing 76.23% to -63.61% between quarters, reflecting extreme sensitivity to capacity utilization or contract timing
Recent consecutive losses (Dec 2025: -₹21.43 Cr; Mar 2026: -₹16.56 Cr net profit) raise structural profitability concerns
Stock down 27.91% over 12 months, near 52-week low (₹9.44 vs ₹14.63 range); verify what disclosure or event triggered sell-off
Minimal institutional ownership (FII 0.64%, DII 1.17%) combined with low ROE of 6.23% indicates weak investor confidence—verify policy, asset-quality or contract-term issues deterring capital

Generated analysis · source review pending

Growth drivers

Operating margins of 67–76% in high-volume quarters demonstrate profitable economics when capacity deployed; verify whether current underutilization is cyclical or structural
Quarterly revenue peaks ₹130 Cr but troughs ₹5–8 Cr, implying substantial installed base; verify capacity factor, PPA terms and grid dispatch constraints in service regions
EPS positive in high-volume quarters (₹0.69 Sep 2025, ₹0.20 Jun 2026) but near-zero in low-volume; profitability visibility improves if utilization stabilizes

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹8.8-0.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 62.4%
+Profit CAGR of 28.7% over the last 3 years

Cons

−Low return on equity of 5.3% (3-yr avg)
−Modest revenue growth of 2.8% a year over the last 5 years
−Low promoter holding of 24.4%

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 40
Growth: 28
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Jsw Energy LimitedJSWENERGYJSWENERGY	₹88,925 Cr	₹1,64,771 Cr	₹18,965 Cr	₹10,149 Cr	53.3%	₹1,967 Cr	14.6%	8.6%	7.7%	28
Ntpc Green Energy LimitedNTPCGREENNTPCGREEN	₹76,755 Cr	₹1,06,013 Cr	₹3,285 Cr	₹2,860 Cr	86.6%	₹607 Cr	18.2%	3.3%	2.8%	-32
Nhpc LimitedNHPCNHPC	₹72,073 Cr	₹1,24,207 Cr	₹12,210 Cr	₹5,787 Cr	45.1%	₹3,797 Cr	36.3%	4.4%	9.3%	77
Nlc India LimitedNLCINDIANLCINDIA	₹35,109 Cr	₹62,911 Cr	₹18,381 Cr	₹6,125 Cr	32%	₹3,367 Cr	21.6%	8.2%	17.5%	171
Acme Solar Holdings LimitedACMESOLARACMESOLAR	₹30,577 Cr	₹49,565 Cr	₹2,370 Cr	₹2,058 Cr	88%	₹603 Cr	24.6%	8.5%	10.4%	63
Sjvn LimitedSJVNSJVN	₹22,757 Cr	₹54,860 Cr	₹5,005 Cr	₹3,492 Cr	74%	₹639 Cr	14.2%	5.9%	4.5%	100
Nava LimitedNAVANAVA	₹15,652 Cr	₹17,873 Cr	₹4,310 Cr	₹1,656 Cr	40%	₹756 Cr	24.2%	12.5%	9.6%	178
Juniper Green Energy LimitedJNPRJNPR	₹15,263 Cr	₹28,184 Cr	₹719 Cr	₹606 Cr	84.3%	₹40 Cr	5.6%	—	1.2%	—
Clean Max Enviro Energy Solutions LimitedCLEANMAXCLEANMAX	₹15,234 Cr	₹27,644 Cr	₹1,913 Cr	₹1,132 Cr	59.2%	₹94 Cr	4.5%	6.4%	2.6%	-1,192
Vedanta Power LimitedVEDPOWERVEDPOWER	₹12,814 Cr	₹18,646 Cr	₹5,453 Cr	₹1,040 Cr	19.1%	₹-1,713 Cr	-31.4%	11%	-88.4%	76
Jaiprakash Power Ventures LimitedJPPOWERJPPOWER	₹10,143 Cr	₹13,523 Cr	₹5,756 Cr	₹1,525 Cr	24.6%	₹641 Cr	8.1%	6.9%	3.6%	93
Reliance Power LimitedRPOWERRPOWER	₹8,028 Cr	₹22,840 Cr	₹7,690 Cr	₹2,361 Cr	31%	₹-319 Cr	-4.4%	6.1%	-2.1%	139

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	380	357	323	323	255	311	258	271	263	293
	106	99	97	107	93	98	89	84	94	110
	274	258	226	217	162	213	169	187	169	183
OPM %	72.1%	72.3%	69.9%	67%	63.6%	68.6%	65.5%	68.9%	64.3%	62.4%
Depreciation	137	124	114	92	91	89	83	82	84	86
Interest	225	211	193	153	138	122	108	80	72	57
	6	7	32	48	10	33	55	15	30	33
Profit before tax	-82	-69	-49	20	-57	36	33	39	43	72
Tax	—	2	0	0	0	0	0	0	1	1
Tax %	—	2.8%	0.3%	0%	0%	0%	0%	0.7%	2.9%	0.8%
	-96	-71	-49	20	-57	36	33	38	42	72
PAT margin %	-25.3%	-20%	-15.1%	6.2%	-22.4%	11.5%	12.9%	14.2%	16%	24.4%
EPS (₹)	—	-1	-0.7	0.3	-0.8	0.5	0.4	0.4	0.3	0.6
EPS adjusted (₹)	-1.3	-1	-0.7	0.3	-0.8	0.5	0.4	0.4	0.3	0.6
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	568	740	751	751	751	751	751	751	981	1,173	1,173
Reserves	250	-145	-219	-255	—	-295	-261	-227	-193	-98	-21
Minority interest	8	2	6	—	—	—	—	—	—	—	2
	1,923	1,386	1,499	1,393	—	1,325	1,215	1,071	738	535	503
	502	856	336	348	976	113	127	97	91	51	74
Total equity & liabilities	3,251	2,839	2,373	2,236	1,726	1,895	1,831	1,692	1,618	1,662	1,732
	2,816	2,332	1,868	1,750	1,718	1,639	1,543	1,463	1,393	1,331	1,365
CWIP	8	5	6	—	—	0	0	5	11	10	79
Investments	1	0	—	—	—	2	0	0	0	14	2
	426	501	498	487	8	254	289	224	214	307	285
Total assets	3,251	2,839	2,373	2,236	1,726	1,895	1,831	1,692	1,618	1,662	1,732

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	69.9%	67%	63.6%	68.6%	65.5%	68.9%	64.3%	62.4%
EBIT margin %	34.7%	38.7%	27.9%	40.1%	33.4%	38.5%	32.6%	33%
PAT margin %	-15.1%	6.2%	-22.4%	11.5%	12.9%	14.2%	16%	24.4%
Working capital
Receivable days	110	—	148	189	159	110	112	101
Inventory days	9	—	8	6	19	17	24	23
Payable days	—	—	83	70	50	36	30	33
NWC days	—	—	73	125	128	90	105	91
Leverage
Current ratio	0.74	—	0.82	1.47	1.48	1.62	2.69	2.07
Debt to EBITDA	6.16	—	8.18	5.7	6.33	3.96	3.16	2.75
Debt to equity	2.81	—	2.91	2.48	2.05	0.94	0.5	0.44
Interest coverage	0.8	1.2	0.6	1.1	1.1	1.4	1.5	2.1
Asset turnover	0.14	0.19	0.13	0.17	0.15	0.17	0.16	0.17
Return ratios
Return on assets %	-2.2%	1.2%	-3%	2%	2%	2.4%	2.5%	4.1%
Return on capital employed %	7.8%	—	4.7%	7.6%	7.3%	7.5%	6.9%	7.6%
Return on equity %	-9.8%	—	-12.5%	7.3%	6.4%	4.9%	3.9%	6.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.48%	29.42%	29.42%	29.42%	26.89%	24.38%	24.38%	24.38%	24.38%	24.38%	24.38%	24.38%
	0.82%	1.29%	0.48%	0.51%	0.62%	0.74%	0.81%	0.68%	0.94%	0.99%	0.79%	0.64%
	2.74%	2.73%	2.73%	2.73%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.35%	1.17%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	63.96%	66.56%	67.37%	67.34%	71.14%	73.53%	73.46%	73.59%	73.33%	73.28%	73.48%	73.81%
No. of shareholders	—	—	—	—	—	—	—	—	8,94,424	8,71,600	8,55,441	8,50,604

Promoter holding down 8.1 percentage points since Sep 2023.

112 deals · 29 Dec 2021 – 28 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Apr 2026	YUGA STOCKS AND COMMODITIES PRIVATE LIMITED	Bulk	NSE	Buy	1,24,15,801	₹13.41	₹16.65 Cr
28 Apr 2026	YUGA STOCKS AND COMMODITIES PRIVATE LIMITED	Bulk	NSE	Sell	1,23,79,423	₹13.20	₹16.34 Cr
28 Apr 2026	ANKITA VISHAL SHAH	Bulk	NSE	Buy	94,95,993	₹13.39	₹12.72 Cr
28 Apr 2026	ANKITA VISHAL SHAH	Bulk	NSE	Sell	85,95,993	₹13.42	₹11.54 Cr
28 Apr 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	75,55,515	₹13.45	₹10.16 Cr
28 Apr 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	75,55,515	₹13.45	₹10.16 Cr
28 Apr 2026	D3 STOCK VISION LLP	Bulk	NSE	Sell	67,20,946	₹13.42	₹9.02 Cr
28 Apr 2026	D3 STOCK VISION LLP	Bulk	NSE	Buy	60,28,946	₹13.44	₹8.10 Cr
21 Mar 2025	KAMLESHKUMAR BABALAL SHAH	Bulk	NSE	Sell	1,50,75,000	₹13.12	₹19.78 Cr
21 Mar 2025	SHAILESH BABALAL SHAH	Bulk	NSE	Buy	1,50,75,000	₹13.13	₹19.79 Cr

1–10 of 112

1 / 12

Mr. KODUMUDI SAMBAMURTHI SRIPATHINon-Executive - Independent Director-Chairperson
Mr. GANAPATHI RAMACHANDRANNon-Executive - Non Independent Director
Ms. J KotteswariChief Financial Officer
Mr. THYAGARAJAN SHIVARAMANExecutive Director-CEO-MD
Mr. KRISHNA KUMAR PANCHAPAKESANNon-Executive - Independent Director
Mrs. CHANDRA RAMESHNon-Executive - Independent Director
Mrs. SANNOVANDA MACHAIAH SWATHINon-Executive - Independent Director
Mr. G Srinivasa RamanujanCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Orient Green Power Company Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI SummaryPPTREC
May 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results22 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

97 announcementsExport CSV

30 Sept 2026, 7:22 pmCompany Update

Intimation Under Regulation 30 Regarding The Revised Timeline For Completing The Repowering Of 7.8 MW Wind Energy Generators By Clarion Wind Farm Private Limited - Step Down Subsidiary

General PDF

29 Sept 2026, 6:32 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

17 Sept 2026, 5:14 pmCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Execution Of EPC Contract With M/S. Renfra Energy India Limited (Renfra) For Setting Up Of 2 (Two) Wind Turbine Generators (Wtgs) Of 3.3 MW Each, Aggregating To 6.6 MW

General PDF

16 Sept 2026, 10:11 amCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

16 Sept 2026, 9:57 amCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

9 Sept 2026, 10:57 amCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

9 Sept 2026, 10:13 amCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

29 Jul 2026, 8:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 7:22 pm	Company Update General	Intimation Under Regulation 30 Regarding The Revised Timeline For Completing The Repowering Of 7.8 MW Wind Energy Generators By Clarion Wind Farm Private Limited - Step Down Subsidiary	PDF
29 Sept 2026, 6:32 pm	Insider Trading / SAST Closure of Trading Window

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	69.9%	67%	63.6%	68.6%	65.5%	68.9%	64.3%	62.4%
EBIT margin %	34.7%	38.7%	27.9%	40.1%	33.4%	38.5%	32.6%	33%
PAT margin %	-15.1%	6.2%	-22.4%	11.5%	12.9%	14.2%	16%	24.4%
Working capital
Receivable days	110	—	148	189	159	110	112	101
Inventory days	9	—	8	6	19	17	24	23
Payable days	—	—	83	70	50	36	30	33
NWC days	—	—	73	125	128	90	105	91
Leverage
Current ratio	0.74	—	0.82	1.47	1.48	1.62	2.69	2.07
Debt to EBITDA	6.16	—	8.18	5.7	6.33	3.96	3.16	2.75
Debt to equity	2.81	—	2.91	2.48	2.05	0.94	0.5	0.44
Interest coverage	0.8	1.2	0.6	1.1	1.1	1.4	1.5	2.1
Asset turnover	0.14	0.19	0.13	0.17	0.15	0.17	0.16	0.17
Return ratios
Return on assets %	-2.2%	1.2%	-3%	2%	2%	2.4%	2.5%	4.1%
Return on capital employed %	7.8%	—	4.7%	7.6%	7.3%	7.5%	6.9%	7.6%
Return on equity %	-9.8%	—	-12.5%	7.3%	6.4%	4.9%	3.9%	6.2%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	215	306	324	262	265	187	220	166	250	169	195
	-69	23	48	-19	28	61	22	3	-2	-153	-97
	-143	-331	-371	-243	-294	-243	-247	-229	-189	-56	-64
Net cash flow	3	-2	1	0	-1	5	-5	-60	58	-40	34
Free cash flow	—	—	—	—	265	187	218	164	225	159	1
CFO / Operating profit %	—	111.7%	125.4%	115.8%	122.5%	115.3%	103.2%	97.9%	133.7%	99.5%	106.4%

Orient Green Power Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

1

Announcements

No fund holdings on record

Not in the F&O segment

1

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Orient Green Power Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Quarterly record

Bulk & block deals

Board and management

Ratio timeline

No fund holdings on record

Not in the F&O segment

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

1

1