Oriana Power Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹2,362 Cr
- P/E
- 9.36
- ROE
- 39.64%
- PEG
- 0.06
- Price to sales
- 1.31
- Debt to equity
- 0.67
- 52W high / low
- ₹3,001 / ₹232
- Sales growth (5Y)
- 122.17%
- EBITDA margin
- 21.97%
- Net profit margin
- 13.90%
- Promoter holding
- 57.98%
- Sales (last year)
- ₹1,814 Cr
Incorporated in 2013, Oriana Power Limited is engaged in two main business verticals: providing of EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis.[1]
Guidance scorecard · Q4 FY26 call
What Oriana Power Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ4 FY26 call
40%+- Oriana Power anticipates a strong growth trajectory with a target CAGR of around 40% to 50% for revenue and PAT in the near term (FY27-FY29), subject to market conditions.
- The order book is robust at nearly INR 7,000 crore, with a significant portion expected to contribute in FY27.
- Battery Energy Storage Systems (BESS) are expected to contribute 30%-40% of the revenue by FY27, with growing momentum.
- New opportunities in hydrogen, AI-enabled clean energy platforms, and green fuels are planned to support diversified growth.
2 more points from Oriana Power Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Oriana Power Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company is engaged in building an integrated clean energy platform spanning generation (solar EPC), storage (BESS), and consumption (green hydrogen/ammonia).
- Strategic investments include green ammonia projects with a 10-year purchase agreement with SECI and plans to supply ~60 KTPA ammonia per year, project valued around INR 3,000 crore.
- Land portfolio expanded to approximately 4,780 acres for supporting future development.
- Continuing asset recycling and monetization strategies, including sale of solar assets to investors like Actis.
- Committed to AI-enabled operational initiatives (Zero Desk AI-native workspace) to improve efficiency and reduce workforce expansion.
2 more points from Oriana Power Ltd's call on capex
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FundraisingQ4 FY26 call
See what Oriana Power Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current unexecuted order book is approximately INR 7,000 crore.
- A significant portion of the order book accounts for FY27, indicating strong visibility and positive outlook for that year.
- The order pipeline and participation in tenders worth around INR 12,000 crore in August show robust bidding activity.
- Orders for FY28 and beyond are naturally limited due to typical tender and execution timelines of 8 to 18 months.
- Green fuels, green hydrogen, and green ammonia projects contribute to order visibility for FY28 and later years.
- Deferred orders (e.g., Actis deal) and previously on-hold bids are expected to progress positively soon.
2 more points from Oriana Power Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingOriana Power Ltd announcements
All announcements →Financials of Oriana Power Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Oriana Power Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Oriana Power Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 21 | 34 | 124 | 135 | 383 | 987 | 1,409 |
| Expenses + | 19 | 30 | 112 | 115 | 302 | 753 | 1,069 |
| Operating Profit | 2 | 3 | 12 | 19 | 81 | 235 | 340 |
| OPM % | 9% | 10% | 10% | 14% | 21% | 24% | 24% |
| Other Income + | 0 | 0 | 1 | 1 | 3 | 11 | 15 |
| Interest | 0 | 1 | 2 | 3 | 6 | 25 | 37 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 8 | 11 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 | 212 | 307 |
| Tax % | 55% | 69% | 35% | 34% | 28% | 25% | |
| Net Profit + | 1 | 1 | 7 | 11 | 54 | 159 | 232 |
| EPS in Rs | 21.35 | 2.35 | 11.30 | 15.74 | 28.33 | 78.03 | 113.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Oriana Power Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 3 | 6 | 7 | 19 | 20 | 20 |
| Reserves | 1 | 2 | 9 | 25 | 127 | 489 | 616 |
| Borrowings + | 4 | 17 | 28 | 71 | 184 | 271 | 316 |
| Other Liabilities + | 7 | 22 | 32 | 42 | 80 | 583 | 743 |
| Total Liabilities | 13 | 43 | 75 | 144 | 410 | 1,363 | 1,695 |
| Fixed Assets + | 6 | 19 | 28 | 29 | 135 | 269 | 270 |
| CWIP | 0 | 0 | 0 | 46 | 52 | 50 | 59 |
| Investments | 0 | 0 | 3 | 6 | 11 | 11 | 11 |
| Other Assets + | 7 | 24 | 45 | 63 | 212 | 1,033 | 1,354 |
| Total Assets | 13 | 43 | 75 | 144 | 410 | 1,363 | 1,695 |
Financials of Oriana Power Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 1 | 9 | 16 | 2 | 290 |
| Cash from Investing Activity + | -6 | -14 | -16 | -41 | -117 | -522 |
| Cash from Financing Activity + | 4 | 15 | 7 | 27 | 135 | 270 |
| Net Cash Flow | 0 | 2 | -0 | 1 | 21 | 38 |
| Free Cash Flow | -4 | -13 | -1 | -32 | -111 | 150 |
| CFO/OP | 80% | 16% | 90% | 81% | 10% | 144% |
Financials of Oriana Power Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 76 | 148 | 72 | 99 | 75 | 146 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 76 | 148 | 72 | 99 | 75 | 146 |
| Working Capital Days | -8 | -7 | 9 | 7 | 10 | 81 |
| ROCE % | 23% | 38% | 26% | 38% | 42% |
Guidance history
How Oriana Power Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
6 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −50.3% | 5% |
| Last 6 months | −38.8% | 2% |
| Last 3 months | −8.7% | 44% |
The price is 55.3% below its all-time high of ₹600.22 (31 Oct 2025). Stocks more than 20% below their peak have their score halved, so 12 became 6.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Oriana Power Ltd: 0.4 × 5 + 0.4 × 2 + 0.2 × 44 = 12, halved to 6 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Oriana Power Ltd's management said in earlier quarters
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