Orient Green Power Company (GREENPOWER) had a P/E of 16.0× on 6 Nov 2026, below the industry P/E of 21.6×, and the shares are 37% below their 52-week high. It earns ROCE of 8.0% and ROE of 6.2%, and sales and net profit grew 4.3% and 27% a year over 3 years. Debt is 0.45× equity. It is a small-cap company with a market cap of ₹1,033 Cr, ranked 12th of 15 Utilities (Independent Power Producers) companies by market cap; the shares fell 36% over the past year.
- ₹8.90
- ₹8.95
- ₹8.66
- ₹8.88
- 17.8 L
Health check
- ReturnsBehind
−36.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.0 vs industry 21.6.
- GrowthSteady
Sales +4.3%, profit +27.1% a year over 3 years.
- ProfitabilityWeak
ROCE 8.0% vs peer median 8.4%.
- Balance sheetFair
Debt 0.45× equity, interest covered 2.3×, Piotroski 8 of 9.
- Red flags4 to check
Return on equity is low at 6.2%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,033 Cr
- Small cap
- P/E
- 16.0
- Industry 21.6
- Price to book
- 0.90
- Peers 2.85
- Dividend yield
- 0.00%
- ROE
- 6.2%
- Peers 10.0%
- ROCE
- 8.0%
- Peers 8.4%
- Debt to equity
- 0.45
- Debt ₹524 Cr
- EPS (TTM)
- ₹0.55
- Face value ₹10
- OPM (TTM)
- 62.1%
- Net margin 22.3%
- Sales growth
- −6.8%
- Latest quarter vs a year ago
- Profit growth
- −19.0%
- Latest quarter vs a year ago
- Price to sales
- 3.60
- EV/EBITDA 8.8
Strengths and risks
Strengths
- Net margin of 22.3%.
- P/E of 16.0 against an industry P/E of 21.6.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.2%.
- Quarterly profit down 19.0% on a year ago.
- Quarterly sales down 6.8% on a year ago.
- 37% below its 52-week high.
About Orient Green Power Company
Orient Green Power Company Limited, an independent power producer of renewable power, engages in the generation and sale of wind energy in India and Croatia. As of March 31, 2026, it had an aggregate installed capacity of 396 megawatt. The company was incorporated in 2006 and is headquartered in Chennai, India.
- Headquarters
- Chennai
- Employees
- 140
- Sector
- Utilities
- ISIN
- INE999K01014
- Website
- orientgreenpower.com
Price range
- Avg volume (3M)
- 31.6 L
- 1-year return
- minus 36.4%
- From 52-week high
- minus 36.9%
Peers · Utilities - Independent Power Producers
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWERAdani Power | 204.29 | plus 0.14% | 3,93,967 | 21.6 | 22.0 | 15.1% | 38.7% | 0.80 | 12.5% | plus 28.8% |
| ADANIENSOLAdani Energy Solutions | 1,457.40 | plus 0.74% | 1,78,233 | 47.2 | 24.3 | 8.4% | 31.2% | 1.70 | 27.7% | plus 46.7% |
| TATAPOWERTata Power Co. | 352.50 | minus 3.31% | 1,12,636 | 29.2 | 14.0 | 8.5% | 20.4% | 1.68 | 4.1% | minus 9.0% |
| JSWENERGYJSW Energy | 524.95 | plus 0.31% | 96,224 | 41.3 | 15.9 | 7.3% | 53.4% | 2.07 | 23.5% | minus 0.9% |
| TORNTPOWERTorrent Power | 1,271.10 | plus 0.45% | 64,051 | 26.5 | 13.3 | 11.9% | 19.2% | 1.08 | 4.0% | minus 3.0% |
| VEDPOWERVedanta Power | 35.33 | minus 3.07% | 13,793 | – | 19.0 | −7.7% | 13.9% | 0.65 | 15.7% | minus 13.7% |
| JPPOWERJaiprakash Power Ventures | 13.86 | minus 0.29% | 9,499 | 25.2 | 8.8 | 6.7% | 29.3% | 0.23 | −1.3% | minus 22.3% |
| GREENPOWEROrient Green Power Company | 8.81 | minus 0.79% | 1,033 | 16.0 | 8.0 | 8.0% | 62.1% | 0.45 | 4.3% | minus 36.4% |
| Median of 7 peers | – | 0.14% | 96,224 | 27.8 | 15.9 | 8.4% | 29.3% | 1.08 | 12.5% | −3.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 87.4 | 131 | 36 | 38.6 | 81.4 | |
| 27.5 | 31.1 | 23 | 28.5 | 26.2 | |
| 59.9 | 99.9 | 13 | 10.1 | 55.2 | |
| 68.5% | 76.2% | 36.1% | 26.2% | 67.8% | |
| 6.1 | 4.4 | 4.1 | 8 | 4.8 | |
| 16.1 | 14.9 | 13.5 | 12.7 | 13.5 | |
| 21.1 | 21.6 | 21.7 | 21.8 | 22.8 | |
| 0.1 | 13 | −3.2 | 0.5 | 0.2 | |
| 28.9 | 80.9 | −21.3 | −15.9 | 24 | |
| – | – | – | −3.6% | – | |
| 28.9 | 80.9 | −25.6 | −17.6 | 23.4 | |
| 0.25 | 0.69 | -0.19 | -0.15 | 0.20 |
Profit & loss
- Sales CAGR 3Y
- +4.3%
- Profit CAGR 3Y
- +27.1%
- EPS CAGR 3Y
- +16.8%
- ROE
- 6.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 258 | 259 | 260 | 293 | |
| – | +0.5% | +0.3% | +12.5% | |
| 88.6 | 84.6 | 91.2 | 109 | |
| 170 | 175 | 169 | 184 | |
| 65.7% | 67.4% | 65.0% | 62.9% | |
| 13.8 | 8.5 | 16.8 | 18.7 | |
| 107 | 79 | 70.8 | 55.2 | |
| 83 | 82.3 | 83.6 | 86.2 | |
| 41.2 | 16.7 | 2.1 | 10.9 | |
| 35.1 | 38.7 | 33.6 | 72.5 | |
| – | 0.7% | −0.4% | 0.8% | |
| 33.8 | 36.5 | 38.8 | 69.4 | |
| – | +8.0% | +6.2% | +78.8% | |
| 0.37 | 0.31 | 0.33 | 0.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 751 | 981 | 1,173 | 1,173 | |
| −227 | −193 | −97.6 | −20.8 | |
| 1,091 | 754 | 552 | 524 | |
| 77.5 | 76 | 34.4 | 55.4 | |
| 1,692 | 1,618 | 1,662 | 1,732 | |
| 1,459 | 1,394 | 1,327 | 1,454 | |
| 8.9 | 14 | 11.6 | 101 | |
| 2.2 | 3.5 | 5.7 | 7.4 | |
| 12.3 | 52.5 | 41.8 | 75.5 | |
| 210 | 153 | 275 | 94.1 | |
| 1,692 | 1,618 | 1,662 | 1,732 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 229 | 250 | 169 | 195 | |
| 3.1 | −1.7 | −153 | −97.1 | |
| −229 | −189 | −55.6 | −63.5 | |
| 2.5 | 58.5 | −40.4 | 34 | |
| −10.5 | −18 | −9.9 | −193 | |
| 218 | 232 | 159 | 1.4 |
Shareholding pattern
- Promoters24.38%
- Public75.62%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 24.38% | 75.62% | 0.00 | |
| 30 Jun 2026 | 24.38% | 75.62% | 0.00 | |
| 31 Mar 2026 | 24.38% | 75.62% | 0.00 | |
| 31 Dec 2025 | 24.38% | 75.62% | 0.00 | |
| 30 Sep 2025 | 24.38% | 75.62% | – |
Major shareholders
Filings & events
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