NSEI:GREENPOWER

Stock Analysis Report

Executive Summary

Orient Green Power Company Limited, an independent renewable energy power producing company, develops, owns, and operates a portfolio of wind energy power plants in India.


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

How has Orient Green Power's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GREENPOWER's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

GREENPOWER

-3.8%

IN Renewable Energy

-0.7%

IN Market


1 Year Return

-34.4%

GREENPOWER

12.3%

IN Renewable Energy

10.0%

IN Market

Return vs Industry: GREENPOWER underperformed the Indian Renewable Energy industry which returned 12.3% over the past year.

Return vs Market: GREENPOWER underperformed the Indian Market which returned 10% over the past year.


Shareholder returns

GREENPOWERIndustryMarket
7 Day-2.4%-3.8%-0.7%
30 Day5.3%-7.0%-0.3%
90 Day0%1.4%3.2%
1 Year-34.4%-34.4%15.4%12.3%12.0%10.0%
3 Year-81.6%-81.6%-15.1%-22.2%23.9%17.1%
5 Year-89.3%-89.3%-13.2%-23.4%38.3%25.6%

Price Volatility Vs. Market

How volatile is Orient Green Power's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Orient Green Power undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GREENPOWER (₹2) is trading below our estimate of fair value (₹23.33)

Significantly Below Fair Value: GREENPOWER is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GREENPOWER is unprofitable, so we can't compare its PE Ratio to the Renewable Energy industry average.

PE vs Market: GREENPOWER is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GREENPOWER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GREENPOWER is good value based on its PB Ratio (0.3x) compared to the IN Renewable Energy industry average (0.5x).


Next Steps

Future Growth

How is Orient Green Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.7%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Orient Green Power has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Orient Green Power performed over the past 5 years?

44.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GREENPOWER is currently unprofitable.

Growing Profit Margin: GREENPOWER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GREENPOWER is unprofitable, but has reduced losses over the past 5 years at a rate of 44.4% per year.

Accelerating Growth: Unable to compare GREENPOWER's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GREENPOWER is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (30.9%).


Return on Equity

High ROE: GREENPOWER has a negative Return on Equity (-0.49%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Orient Green Power's financial position?


Financial Position Analysis

Short Term Liabilities: GREENPOWER's short term assets (₹2.9B) do not cover its short term liabilities (₹4.1B).

Long Term Liabilities: GREENPOWER's short term assets (₹2.9B) do not cover its long term liabilities (₹13.3B).


Debt to Equity History and Analysis

Debt Level: GREENPOWER's debt to equity ratio (252.9%) is considered high.

Reducing Debt: GREENPOWER's debt to equity ratio has increased from 180.3% to 252.9% over the past 5 years.


Balance Sheet

Inventory Level: GREENPOWER has a high level of physical assets or inventory.

Debt Coverage by Assets: GREENPOWER's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable GREENPOWER has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GREENPOWER is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.5% per year.


Next Steps

Dividend

What is Orient Green Power's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage5.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GREENPOWER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GREENPOWER's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GREENPOWER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GREENPOWER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GREENPOWER's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Venkatachalam Ayyar (60yo)

6.4yrs

Tenure

₹8,000,020

Compensation

Mr. Venkatachalam Sesha Ayyar has been the Managing Director, Chief Executive Officer and Executive & Non- Independent Director at Orient Green Power Company Limited since September 23, 2013. Mr. Ayyar was ...


CEO Compensation Analysis

Compensation vs Market: Venkatachalam's total compensation ($USD111.26K) is above average for companies of similar size in the Indian market ($USD50.21K).

Compensation vs Earnings: Venkatachalam's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Venkatachalam Ayyar
CEO, MD and Executive & Non- Independent Director6.4yrs₹8.00mno data
K. Kasturi
Chief Financial Officer4.7yrs₹7.20mno data
P. Srinivasan
Compliance Officer & Company Secretary6.5yrs₹4.00m0.00011% 1.7k
R. Kulothungan
Senior Vice President of Projects11.8yrs₹1.80mno data
R. Sridharan
Vice President Erection & Commissioning11yrs₹2.00mno data
R. Kannan
Senior Vice President0yrsno datano data
N. Ramkhumar
Chief Executive Officer of Wind - Bharath Wind Farm Limited13.1yrs₹2.21mno data

8.8yrs

Average Tenure

57yo

Average Age

Experienced Management: GREENPOWER's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Venkatachalam Ayyar
CEO, MD and Executive & Non- Independent Director6.4yrs₹8.00mno data
Rangaswamy Sundararajan
Non-Executive & Non-Independent Director10.1yrs₹145.00k0.0086% 129.7k
Chandra Ramesh
Non-Executive & Independent Director1yrsno datano data
Rangachary Nambiar Iyengar
Non-Executive Chairman9.9yrs₹90.00kno data
P. Krishnakumar
Non-Executive Non Independent Director11.7yrsno data0.0040% 60.1k
Ramachandran Ganapathi
Non-Executive Independent Director12yrs₹200.00k0.0027% 41.0k
A. Suri
Non Executive Independent Director11.7yrs₹120.00kno data
Thyagarajan Shivaraman
Non-Executive Vice Chairman9.9yrsno data0.018% 267.0k

10.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: GREENPOWER's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Orient Green Power Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orient Green Power Company Limited
  • Ticker: GREENPOWER
  • Exchange: NSEI
  • Founded: 2006
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: ₹1.501b
  • Shares outstanding: 750.72m
  • Website: https://www.orientgreenpower.com

Location

  • Orient Green Power Company Limited
  • Sigappi Achi Building
  • 4th Floor
  • Chennai
  • Tamil Nadu
  • 600008
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GREENPOWERNSEI (National Stock Exchange of India)YesEquity SharesININROct 2010
533263BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2010

Biography

Orient Green Power Company Limited, an independent renewable energy power producing company, develops, owns, and operates a portfolio of wind energy power plants in India. It has a portfolio of 425 MW of wind energy across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka, as well as 10.5 MW wind power plant in Croatia. The company was incorporated in 2006 and is headquartered in Chennai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 13:14
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.