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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Orient Green Power Company Ltd

About the Company - Orient Green Power Company Ltd

Orient Green Power Company Ltd. is a Public Limited Listed company incorporated on 06/12/2006 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L40108TN2006PLC061665 and registration number is 061665. Currently Company is involved in the business activities of Repair and maintenance of engines and turbines excluding aircraft, vehicle and cycle engines. Company’s Total Operating Revenue is Rs. 29.78 Cr. and Equity Capital is Rs. 750.72 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionBascon Futura SV, 4th Floor, Chennai (Madras) Tamil Nadu 600017complianceofficer@orientgreenpower.com
http://www.orientgreenpower.com
Management
NamePosition Held
Mr. K S SripathiChairman & Ind.Director
Mr. T ShivaramanManaging Director & CEO
Mr. P Krishna KumarNon Exe.Non Ind.Director
Ms. Chandra RameshInd. Non-Executive Director
Mr. R GanapathiInd. Non-Executive Director
Ms. S M SwathiInd. Non-Executive Director

Basic Stock Data of Orient Green Power Company Ltd

Last Updated: July 24, 2024, 10:49 pm

Market Cap 2,118 Cr.
Current Price 21.6
High / Low34.6/11.3
Stock P/E72.8
Book Value 8.04
Dividend Yield0.00 %
ROCE6.97 %
ROE4.44 %
Face Value 10.0
PEG Ratio5.89

Data Source: screener.in

Competitors of Orient Green Power Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SJVN Ltd 56,813 Cr. 144170/52.766.8 35.81.23 %4.98 %6.09 % 10.0
Rattanindia Power Ltd 8,592 Cr. 16.021.1/4.65 8.130.00 %8.39 %% 10.0
PTC India Ltd 6,496 Cr. 219255/11214.8 1743.55 %9.64 %8.67 % 10.0
Orient Green Power Company Ltd 2,118 Cr. 21.634.6/11.372.8 8.040.00 %6.97 %4.44 % 10.0
NTPC Ltd 3,80,791 Cr. 393395/20018.3 1661.85 %10.4 %13.5 % 10.0
Industry Average80,533.78 Cr336.4561.11101.410.81%9.36%12.43%8.11

Orient Green Power Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales51387511583387810828447912234
Expenses24282222222124211923212220
Operating Profit27105493601754879225810014
OPM %53%26%71%81%73%44%69%80%31%49%74%82%41%
Other Income65320-113-6479-7156
Interest32353231302828272628212020
Depreciation23222222222221212121212121
Profit before tax-21-432606-3293410-19975-21
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-21-432606-3293410-19975-21
EPS in Rs-0.21-0.440.010.630.06-0.340.090.350.10-0.210.090.76-0.21

Last Updated: July 10, 2024, 8:22 pm

Orient Green Power Company Ltd Quarterly Chart

Orient Green Power Company Ltd Profit & Loss

Last Updated: July 10, 2024, 8:22 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales251422413340296380357323369257311258279
Expenses1902352259810010613310712393878785
Operating Profit61187188242195274224216246164224171194
OPM %24%44%46%71%66%72%63%67%67%64%72%66%69%
Other Income32389-83-158-64242198225323
Interest10819026626222522521119315413812210889
Depreciation661101431431531371241149291898383
Profit before tax-80-75-212-245-341-93-69-4920-57363345
Tax %-2%-9%2%1%0%-3%-3%-0%0%0%0%0%
Net Profit-82-82-208-244-340-96-71-4920-57363345
EPS in Rs-1.13-1.14-2.53-3.14-3.48-0.97-0.75-0.500.24-0.590.360.330.43
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Orient Green Power Company Ltd Profit & Loss Yearly Chart

Orient Green Power Company Ltd Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-3%
3 Years:2%
TTM:5%
Compounded Profit Growth
10 Years:8%
5 Years:22%
3 Years:35%
TTM:158%
Stock Price CAGR
10 Years:5%
5 Years:44%
3 Years:93%
1 Year:78%
Return on Equity
10 Years:-8%
5 Years:0%
3 Years:3%
Last Year:4%

Last Updated: July 25, 2024, 10:02 am

Orient Green Power Company Ltd Balance Sheet

Last Updated: July 10, 2024, 8:22 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital468468568568740740751751751751751751981
Reserves7217734882581-145-219-255-239-295-261-227-145
Borrowings1,3461,9432,2272,1582,0591,9601,5891,5081,3541,3251,2381,091845
Other Liabilities1,0223512302812332842522322211131037879
Total Liabilities3,5563,5363,5133,2653,0332,8392,3732,2362,0871,8951,8311,6921,760
Fixed Assets1,8702,0262,9202,8532,5492,3451,8811,7621,7311,6391,5431,4631,425
CWIP951983718356600059
Investments00001000020010
Other Assets736527521404481488485468357254289224315
Total Assets3,5563,5363,5133,2653,0332,8392,3732,2362,0871,8951,8311,6921,760

Orient Green Power Company Ltd Reserves and Borrowings Chart

Orient Green Power Company Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -46192324215306324262265187220229250
Cash from Investing Activity -525-293-1-692348-192861213-2
Cash from Financing Activity 59061-323-143-331-371-243-294-243-246-229-189
Net Cash Flow19-4013-210-15-5358

Orient Green Power Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10469909812811299110106147194159
Inventory Days
Days Payable
Cash Conversion Cycle10469909812811299110106147194159
Working Capital Days-1,447-329-211-275-287-526-76-51-1394133166
ROCE %1%4%2%3%2%5%6%7%9%4%8%7%

Orient Green Power Company Ltd Financial Efficiency Indicators Chart

Orient Green Power Company Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters48.73%48.06%34.53%34.53%34.53%32.53%32.53%32.48%32.48%29.42%29.42%29.42%
FIIs0.00%0.00%0.49%1.06%0.98%0.20%0.01%0.00%0.82%1.29%0.48%0.51%
DIIs6.10%4.96%4.19%4.17%4.17%3.97%3.58%3.58%2.74%2.73%2.73%2.73%
Public45.17%46.98%60.79%60.24%60.33%63.30%63.88%63.95%63.96%66.55%67.36%67.33%
No. of Shareholders1,10,5352,09,8984,00,6214,22,8574,23,5324,12,5194,06,7103,94,3214,74,0065,70,6807,37,7507,71,564

Orient Green Power Company Ltd Shareholding Pattern Chart

No. of Orient Green Power Company Ltd Shareholders

This stock is not held by any mutual fund

Orient Green Power Company Ltd ROCE Trend

Orient Green Power Company Ltd EPS Trend

Orient Green Power Company Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.410.430.58-0.770.31
Diluted EPS (Rs.)0.410.430.58-0.770.31
Cash EPS (Rs.)1.231.551.660.451.56
Book Value[Excl.RevalReserv]/Share (Rs.)7.976.866.395.946.68
Book Value[Incl.RevalReserv]/Share (Rs.)7.976.866.395.946.68
Revenue From Operations / Share (Rs.)2.763.444.143.424.91
PBDIT / Share (Rs.)2.002.703.042.263.73
PBIT / Share (Rs.)1.161.601.861.052.52
PBT / Share (Rs.)0.390.460.62-0.780.47
Net Profit / Share (Rs.)0.390.440.47-0.750.26
NP After MI And SOA / Share (Rs.)0.370.460.46-0.760.30
PBDIT Margin (%)72.4478.5673.5466.2176.00
PBIT Margin (%)42.0546.4545.0130.7751.20
PBT Margin (%)14.2713.5814.98-23.039.61
Net Profit Margin (%)14.1712.9011.51-22.205.38
NP After MI And SOA Margin (%)13.4813.5811.26-22.416.25
Return on Networth / Equity (%)4.636.707.14-12.614.50
Return on Capital Employeed (%)7.988.088.784.8510.25
Return On Assets (%)2.252.071.90-3.031.10
Long Term Debt / Equity (X)0.791.812.232.542.41
Total Debt / Equity (X)0.932.052.482.582.46
Asset Turnover Ratio (%)0.160.010.020.020.04
Current Ratio (X)1.081.030.980.680.87
Quick Ratio (X)1.061.010.980.670.87
Interest Coverage Ratio (X)2.451.881.881.231.83
Interest Coverage Ratio (Post Tax) (X)1.421.111.150.571.23
Enterprise Value (Cr.)2502.491731.252111.421309.221348.49
EV / Net Operating Revenue (X)9.236.706.805.103.65
EV / EBITDA (X)12.758.539.247.704.81
MarketCap / Net Operating Revenue (X)6.802.642.960.610.29
Price / BV (X)2.341.301.880.340.21
Price / Net Operating Revenue (X)6.802.642.960.610.29
EarningsYield0.010.050.03-0.360.21

Orient Green Power Company Ltd Profitability Ratios (%)

Orient Green Power Company Ltd Liquidity Ratios

Orient Green Power Company Ltd Liquidity Ratios (%)

Orient Green Power Company Ltd Interest Coverage Ratios (%)

Orient Green Power Company Ltd Valuation Ratios

Fair Value

Fair Value: 26.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 22.72% compared to the current price 21.6

Intrinsic Value: 29.79

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 37.90% compared to the current price 21.6

Last 5 Year EPS CAGR: 12.37%

*Investments are subject to market risks

Strength and Weakness of Orient Green Power Company Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.64 and average Dividend Yield of 43.10%.
  2. The stock has a low average Working Capital Days of -114.67, which is a positive sign.
  1. The stock has a low average ROCE of 4.83%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 118.00, which may not be favorable.
  3. The company has higher borrowings (1,600.50) compared to reserves (-26.17), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (327.38) and profit (-83.62).

Should I Buy Orient Green Power Company Ltd?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Orient Green Power Company Ltd:
    1. Net Profit Margin: 14.17%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.98% (Industry Average ROCE: 9.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 4.63% (Industry Average ROE: 12.43%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.42
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.06
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 72.8 (Industry average Stock P/E: 61.11)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.93
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Orient Green Power Company Ltd?

The latest fair value of Orient Green Power Company Ltd is ₹26.51.

What is the Market Cap of Orient Green Power Company Ltd?

The Market Cap of Orient Green Power Company Ltd is 2,118 Cr..

What is the current Stock Price of Orient Green Power Company Ltd as on 25 July 2024?

The current stock price of Orient Green Power Company Ltd as on 25 July 2024 is 21.6.

What is the High / Low of Orient Green Power Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Orient Green Power Company Ltd stocks is 34.6/11.3.

What is the Stock P/E of Orient Green Power Company Ltd?

The Stock P/E of Orient Green Power Company Ltd is 72.8.

What is the Book Value of Orient Green Power Company Ltd?

The Book Value of Orient Green Power Company Ltd is 8.04.

What is the Dividend Yield of Orient Green Power Company Ltd?

The Dividend Yield of Orient Green Power Company Ltd is 0.00 %.

What is the ROCE of Orient Green Power Company Ltd?

The ROCE of Orient Green Power Company Ltd is 6.97 %.

What is the ROE of Orient Green Power Company Ltd?

The ROE of Orient Green Power Company Ltd is 4.44 %.

What is the Face Value of Orient Green Power Company Ltd?

The Face Value of Orient Green Power Company Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Orient Green Power Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE