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Orient Green Power NSEI:GREENPOWER Stock Report

Last Price

₹8.35

Market Cap

₹6.3b

7D

-6.2%

1Y

169.4%

Updated

02 Oct, 2022

Data

Company Financials
GREENPOWER fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

GREENPOWER Stock Overview

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

Orient Green Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Orient Green Power
Historical stock prices
Current Share Price₹8.35
52 Week High₹28.45
52 Week Low₹3.15
Beta0.54
1 Month Change-12.57%
3 Month Change-15.66%
1 Year Change169.36%
3 Year Change297.62%
5 Year Change-2.91%
Change since IPO-81.32%

Recent News & Updates

Sep 06
Orient Green Power (NSE:GREENPOWER) Has A Somewhat Strained Balance Sheet

Orient Green Power (NSE:GREENPOWER) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

GREENPOWERIN Renewable EnergyIN Market
7D-6.2%-3.8%-1.7%
1Y169.4%42.1%-0.6%

Return vs Industry: GREENPOWER exceeded the Indian Renewable Energy industry which returned 42.1% over the past year.

Return vs Market: GREENPOWER exceeded the Indian Market which returned -0.6% over the past year.

Price Volatility

Is GREENPOWER's price volatile compared to industry and market?
GREENPOWER volatility
GREENPOWER Average Weekly Movement6.2%
Renewable Energy Industry Average Movement6.4%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: GREENPOWER is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GREENPOWER's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006115Thyagarajan Shivaramanhttps://www.orientgreenpower.com

Orient Green Power Company Limited, an independent renewable energy power producing company, develops, owns, and operates a portfolio of wind renewable projects in India and internationally. The company 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. Orient Green Power Company Limited was incorporated in 2006 and is headquartered in Chennai, India.

Orient Green Power Fundamentals Summary

How do Orient Green Power's earnings and revenue compare to its market cap?
GREENPOWER fundamental statistics
Market Cap₹6.27b
Earnings (TTM)₹543.20m
Revenue (TTM)₹3.13b

11.5x

P/E Ratio

2.0x

P/S Ratio

Is GREENPOWER overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GREENPOWER income statement (TTM)
Revenue₹3.13b
Cost of Revenue₹511.30m
Gross Profit₹2.62b
Other Expenses₹2.08b
Earnings₹543.20m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin83.67%
Net Profit Margin17.35%
Debt/Equity Ratio258.0%

How did GREENPOWER perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GREENPOWER undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GREENPOWER?

Other financial metrics that can be useful for relative valuation.

GREENPOWER key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA8.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GREENPOWER's PE Ratio compare to its peers?

GREENPOWER PE Ratio vs Peers
The above table shows the PE ratio for GREENPOWER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average51x
539686 K.P. Energy
16.5xn/a₹4.4b
532894 Indowind Energy
145.9xn/a₹1.3b
532627 Jaiprakash Power Ventures
14.7xn/a₹50.6b
542323 KPI Green Energy
27.1xn/a₹15.6b
GREENPOWER Orient Green Power
11.5xn/a₹6.3b

Price-To-Earnings vs Peers: GREENPOWER is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (51x).


Price to Earnings Ratio vs Industry

How does GREENPOWER's PE Ratio compare vs other companies in the IN Renewable Energy Industry?

Price-To-Earnings vs Industry: GREENPOWER is good value based on its Price-To-Earnings Ratio (11.5x) compared to the Asian Renewable Energy industry average (14.5x)


Price to Earnings Ratio vs Fair Ratio

What is GREENPOWER's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GREENPOWER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GREENPOWER's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GREENPOWER when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GREENPOWER (₹8.35) is trading below our estimate of fair value (₹52.3)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.2%

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.


Discover growth companies

  • Examine whether Orient Green Power is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Orient Green Power competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


53.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GREENPOWER has a large one-off gain of ₹321.0M impacting its June 30 2022 financial results.

Growing Profit Margin: GREENPOWER became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GREENPOWER has become profitable over the past 5 years, growing earnings by 53.3% per year.

Accelerating Growth: GREENPOWER has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GREENPOWER has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (79.2%).


Return on Equity

High ROE: GREENPOWER's Return on Equity (11.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Orient Green Power's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GREENPOWER's short term assets (₹2.4B) do not cover its short term liabilities (₹2.4B).

Long Term Liabilities: GREENPOWER's short term assets (₹2.4B) do not cover its long term liabilities (₹11.1B).


Debt to Equity History and Analysis

Debt Level: GREENPOWER's net debt to equity ratio (256.3%) is considered high.

Reducing Debt: GREENPOWER's debt to equity ratio has reduced from 327.9% to 258% over the past 5 years.

Debt Coverage: GREENPOWER's debt is not well covered by operating cash flow (17.8%).

Interest Coverage: GREENPOWER's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Orient Green Power Dividend Yield vs Market
How does Orient Green Power dividend yield compare to the market?
SegmentDividend Yield
Company (Orient Green Power)n/a
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Renewable Energy)3.8%
Analyst forecast in 3 Years (Orient Green Power)n/a

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GREENPOWER has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.5yrs

Average management tenure


CEO

Thyagarajan Shivaraman (57 yo)

12.75yrs

Tenure

Mr. Thyagarajan Shivaraman, B.Tech., M.S., serves as Managing Director and Chief Executive Officer at Orient Green Power Company Limited since 2022. He served as Managing Director, Chief Executive Officer...


Leadership Team

Experienced Management: GREENPOWER's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: GREENPOWER's board of directors are seasoned and experienced ( 12.8 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.


Recent Insider Transactions

NSEI:GREENPOWER Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
31 Mar 22Sell₹230,489,602Shriram Group Pvt. Co.Company18,302,305₹13.82
25 Mar 22Sell₹21,524,989Shriram Group Pvt. Co.Company1,500,000₹14.35

Ownership Breakdown

What is the ownership structure of GREENPOWER?
Owner TypeNumber of SharesOwnership Percentage
Public Companies386,5260.05%
Individual Insiders19,619,0982.6%
Institutions58,197,2247.8%
VC/PE Firms59,184,4797.9%
General Public301,254,98440.1%
Private Companies312,081,66641.6%

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


Top Shareholders

Top 15 shareholders own 48.66% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
34.48%
Shriram Group Pvt. Co.
258,813,809₹2.2b0%no data
2.65%
R. K. P. Investments & Consultancy Private Limited
19,919,203₹166.3m0%no data
2.65%
Life Insurance Corporation of India, Asset Management Arm
19,857,996₹165.8m0%no data
2.58%
Ramlal Jain
19,350,239₹161.6m0%no data
1.8%
Theta Management Consultancy Private Limited
13,500,000₹112.7m0%no data
1.78%
Shriram Insight Share Brokers Ltd, Asset Management Arm
13,329,518₹111.3m0%100%
1.6%
Olympus India Holding limited
12,014,578₹100.3m0%no data
1.04%
Intelent Data Sciences Private Limited
7,824,076₹65.3m0%no data
0.051%
SEPC Limited
386,526₹3.2m0%no data
0.018%
Thyagarajan Shivaraman
133,500₹1.1m0%no data
0.015%
Rangaswamy Sundararajan
114,846₹959.0k0%no data
0.0053%
SEI Investments Company
39,573₹330.4k0%no data
0.0027%
Ramachandran Ganapathi
20,513₹171.3k0%no data
0.00067%
Syandana Energy Private Limited
5,000₹41.8k0%no data
0.00067%
Nivedana Power Private Limited
5,000₹41.8k0%no data

Company Information

Orient Green Power Company Limited's 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
  • Implied Market Cap: ₹6.269b
  • Shares outstanding: 750.72m
  • Website: https://www.orientgreenpower.com

Number of Employees


Location

  • Orient Green Power Company Limited
  • Bascon Futura SV
  • 4th Floor
  • Chennai
  • Tamil Nadu
  • 600017
  • India


Listings

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.