NSEI:GREENPOWER

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Slightly overvalued with imperfect balance sheet.

Risks

  • Orient Green Power has significant price volatility in the past 3 months.
  • Orient Green Power is not covered by any analysts.

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


Market Performance


7 Day Return

-2.0%

NSEI:GREENPOWER

-0.08%

IN Renewable Energy

0.5%

IN Market


1 Year Return

-33.3%

NSEI:GREENPOWER

6.1%

IN Renewable Energy

-2.1%

IN Market

GREENPOWER underperformed the Renewable Energy industry which returned 6.1% over the past year.

GREENPOWER underperformed the Market in India which returned -2.1% over the past year.


Share holder returns

GREENPOWERIndustryMarket
7 Day-2.0%-0.08%0.5%
30 Day11.4%2.2%-2.2%
90 Day46.3%-2.4%-4.1%
1 Year-33.3%-33.3%9.8%6.1%-0.2%-2.1%
3 Year-53.6%-53.6%5.3%-3.6%30.2%23.5%
5 Year-70.0%-70.0%-6.3%-16.5%48.0%34.2%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Orient Green Power's share price is below the future cash flow value, and at a moderate discount (> 20%).

Orient Green Power's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Orient Green Power is loss making, we can't compare its value to the IN Renewable Energy industry average.

Orient Green Power is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Orient Green Power, we can't assess if its growth is good value.


Price Based on Value of Assets

Orient Green Power is overvalued based on assets compared to the IN Renewable Energy industry average.


Next Steps

Future Growth

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

12.9%

Forecasted Renewable Energy 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?

33.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Orient Green Power does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Orient Green Power's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Orient Green Power's 1-year growth to the IN Renewable Energy industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Orient Green Power has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Orient Green Power used its assets more efficiently than the IN Renewable Energy industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Orient Green Power improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Orient Green Power's financial position?


Financial Position Analysis

Orient Green Power's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Orient Green Power's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Orient Green Power's level of debt (308.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (207% vs 308.8% today).


Balance Sheet

High level of physical assets or inventory.

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.

Whilst loss making Orient Green Power has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Orient Green Power has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -32.1% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Orient Green Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Orient Green Power's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Orient Green Power has not reported any payouts.

Unable to verify if Orient Green Power's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Orient Green Power has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Orient Green Power's salary, the management and board of directors tenure and is there insider trading?

9.3yrs

Average management tenure


CEO

Venkatachalam Ayyar (60yo)

5.8yrs

Tenure

₹6,500,020

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

Venkatachalam's remuneration is higher than average for companies of similar size in India.

Venkatachalam's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.3yrs

Average Tenure

55yo

Average Age

The average tenure for the Orient Green Power management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.4yrs

Average Tenure

62.5yo

Average Age

The tenure for the Orient Green Power board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • N. Ramkhumar (53yo)

    Chief Executive Officer of Wind - Bharath Wind Farm Limited

    • Tenure: 12.5yrs
    • Compensation: 2.21m
  • R. Kulothungan (57yo)

    Senior Vice President of Projects

    • Tenure: 11.3yrs
    • Compensation: 1.80m
  • R. Sridharan (63yo)

    Vice President Erection & Commissioning

    • Tenure: 10.4yrs
    • Compensation: 2.00m
  • R. Kannan (53yo)

    Senior Vice President

  • R. Sridharan (49yo)

    Vice President & Company Secretary

    • Tenure: 9.3yrs
    • Compensation: 1.31m
  • P. Srinivasan

    Compliance Officer & Company Secretary

    • Tenure: 5.9yrs
    • Compensation: 3.54m
  • Venkatachalam Ayyar (60yo)

    CEO, MD and Executive & Non- Independent Director

    • Tenure: 5.8yrs
    • Compensation: 6.50m
  • K. Kasturi

    Chief Financial Officer

    • Tenure: 4.1yrs
    • Compensation: 6.84m

Board Members

  • Rangaswamy Sundararajan (71yo)

    Non-Executive & Non-Independent Director

    • Tenure: 9.5yrs
    • Compensation: 195.00k
  • Chandra Ramesh (59yo)

    Additional Independent Director

    • Tenure: 0.4yrs
  • Rangachary Nambiar Iyengar (81yo)

    Non-Executive Chairman

    • Tenure: 9.3yrs
    • Compensation: 125.00k
  • P. Krishnakumar (61yo)

    Non-Executive Non Independent Director

    • Tenure: 11.1yrs
  • Ramachandran Ganapathi (64yo)

    Non-Executive Independent Director

    • Tenure: 11.4yrs
    • Compensation: 195.00k
  • A. Suri (85yo)

    Non Executive Independent Director

    • Tenure: 11.1yrs
    • Compensation: 85.00k
  • Thyagarajan Shivaraman (53yo)

    Non-Executive Vice Chairman

    • Tenure: 9.3yrs
  • Venkatachalam Ayyar (60yo)

    CEO, MD and Executive & Non- Independent Director

    • Tenure: 5.8yrs
    • Compensation: 6.50m

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: ₹3.528b
  • Shares outstanding: 750.72m
  • Website: Click here

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, a renewable energy-based independent power producing company, develops, owns, and operates a portfolio of wind energy power plants in India. It has a portfolio of 425 MW ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/17 12:55
End of Day Share Price2019/07/17 00:00
Earnings2019/03/31
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.