Orient Green Power Company Ltd (GREENPOWER) AI Stock Analysis

• Market Cap: ₹12.20B
• Dividend Yield: N/A
• Average Volume (3M): 414.13K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 1.38
• Revenue Growth: 14.32%
• EPS Growth: 105.15%
• Country: IN
• Employees: 129
• Sector: Energy
• Sector Strength: 52
• Industry: Independent Power Producers
• EPS (TTM): N/A
• Shares Outstanding: 1,173,031,600
• 10 Day Avg. Volume: 242,299
• 30 Day Avg. Volume: 414,128
• PEG Ratio: -2.81
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 5.46
• P/FCF Ratio: 9.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹11.00 ▼(-7.56% Downside)

The company's strong financial performance is the most significant factor, supported by solid profitability and cash flow. However, technical indicators show a bearish trend, and the valuation is moderate without a dividend yield. These factors collectively result in a moderate overall stock score.

Positive Factors

Operating cash flow strength

Sustained operating cash flow well above net income indicates the core wind-generation business converts earnings into cash reliably. That durability supports capex for maintenance, services, and debt servicing, reducing funding risk over the next several quarters.

High gross profit margins

Very high gross margins imply low variable cost of generation and strong unit economics for wind assets. This structural margin advantage supports long-term EBITDA resilience, allowing the company to absorb tariff variability and invest in asset upkeep or expansion.

Improving balance sheet / lower leverage

A declining debt load and stronger equity ratio materially improve financial flexibility. Lower leverage reduces refinancing and interest-rate exposure, enabling steadier capital allocation to projects or deleveraging and lowering long-term solvency risk.

Negative Factors

Revenue volatility and recent decline

Inconsistent top-line trends reduce visibility into future cash flows and complicate capacity planning and contract negotiations. For an asset-heavy renewables operator, sustained revenue swings can strain returns on new projects and weaken long-term strategic planning.

Modest return on equity

A low ROE suggests the company generates limited returns relative to shareholder capital deployed. Over time this can constrain retained-earnings driven growth, limit ability to attract equity investment for expansion, and compress shareholder value creation.

Recent decline in free cash flow

A downward trend in free cash flow, even with strong operating cash, reduces funds available for reinvestment, debt paydown or shareholder returns. If sustained, it can force external financing for projects and raise long-term liquidity and funding-cost risks.

Orient Green Power Company Ltd Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Orient Green Power Company Ltd generates revenue through the sale of electricity produced by its renewable energy plants, primarily wind and solar. The company enters into Power Purchase Agreements (PPAs) with state utilities and private entities, ensuring a steady income stream from long-term contracts. Additionally, GREENPOWER benefits from government incentives and subsidies aimed at promoting renewable energy adoption. The company may also engage in the sale of Renewable Energy Certificates (RECs), providing an additional revenue channel. Strategic partnerships with other energy firms and stakeholders in the renewable sector further enhance its market presence and profitability.

Orient Green Power Company Ltd Financial Statement Overview

Summary

The company shows strong profitability and operational performance with a solid cash flow generation. However, revenue growth inconsistency and modest ROE indicate areas for potential improvement. The balance sheet is becoming more stable, suggesting a positive trend towards financial health.

Income Statement

The company's revenue has exhibited fluctuations over the years, with a decline in the latest period. Gross Profit Margin remains strong at around 80%, indicating effective cost management, but the Net Profit Margin is relatively lower at approximately 14.7%, showing room for improvement. EBIT and EBITDA margins are solid, reflecting good operational performance, although revenue growth has shown some inconsistencies.

Balance Sheet

The Debt-to-Equity ratio has improved, suggesting better financial stability, with a reduction in total debt over the years. The Return on Equity (ROE) is modest at 3.6%, indicating average profitability for equity holders. The Equity Ratio has strengthened, showing a healthier balance sheet with a higher proportion of equity financing.

Cash Flow

Operating Cash Flow remains robust, substantially surpassing Net Income, which is a positive indicator of cash-generating capability. The Free Cash Flow to Net Income Ratio is strong, demonstrating effective cash management. However, there has been a decline in Free Cash Flow recently, which needs monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.87B	2.63B	2.59B	2.58B	3.11B	2.55B
Gross Profit	2.34B	2.10B	2.20B	1.11B	2.59B	2.04B
EBITDA	2.12B	1.92B	2.01B	2.25B	2.56B	1.79B
Net Income	556.40M	388.10M	365.30M	338.10M	349.80M	-575.50M
Balance Sheet
Total Assets	0.00	16.62B	16.18B	16.92B	18.31B	18.95B
Cash, Cash Equivalents and Short-Term Investments	434.50M	1.85B	728.00M	122.70M	129.20M	181.40M
Total Debt	0.00	5.52B	7.54B	10.91B	12.38B	13.50B
Total Liabilities	-10.72B	5.90B	8.36B	11.77B	13.51B	14.48B
Stockholders Equity	10.72B	10.75B	7.88B	5.24B	4.89B	4.56B
Cash Flow
Free Cash Flow	0.00	1.59B	2.32B	2.18B	2.18B	1.87B
Operating Cash Flow	0.00	1.69B	2.50B	2.29B	2.20B	1.87B
Investing Cash Flow	0.00	-1.53B	-17.00M	30.70M	220.00M	611.90M
Financing Cash Flow	0.00	-555.60M	-1.89B	-2.29B	-2.46B	-2.43B

Orient Green Power Company Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENPOWER, the sentiment is Negative. The current price of 11.9 is above the 20-day moving average (MA) of 10.70, above the 50-day MA of 11.59, and below the 200-day MA of 13.10, indicating a bearish trend. The MACD of -0.46 indicates Negative momentum. The RSI at 42.90 is Neutral, neither overbought nor oversold. The STOCH value of 60.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GREENPOWER.

Orient Green Power Company Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	69 Neutral	₹114.34B	52.06	―	0.23%	40.14%	53.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GREENPOWER	63 Neutral	₹12.20B	17.53	―	―	14.32%	105.15%
WEBELSOLAR	61 Neutral	₹34.40B	15.17	―	―	152.12%	―
SWELECTES	57 Neutral	₹7.76B	22.96	―	0.47%	39.01%	-42.51%
INOXGREEN	55 Neutral	₹63.68B	104.64	―	―	24.33%	66.14%
SWSOLAR	43 Neutral	₹43.24B	-11.12	―	―	112.24%	-474.43%

Orient Green Power Company Ltd Corporate Events

Orient Green Power Ventures into Solar Energy with New Project

Orient Green Power Company Limited (OGPCL) has commissioned its first solar power project through its subsidiary, Delta Renewable Energy Private Limited, marking a strategic expansion beyond its traditional wind energy focus. The 7 MW AC solar project in Tamil Nadu is part of a larger 25 MW initiative funded through a Rights Issue, reflecting OGPCL’s commitment to diversifying its renewable energy portfolio. This development is expected to enhance the company’s ability to meet growing energy demands, support customer base expansion, and bolster long-term revenue stability. By operating under the Group Captive Model, the project positions OGPCL competitively in India’s clean-energy landscape and aligns with national renewable energy goals.

Orient Green Power Schedules Investor Call for Q2 & H1 FY26 Results

Orient Green Power Company Limited has announced an upcoming Investors/Analysts call scheduled for November 7, 2025, to discuss its financial results for the second quarter and the first half of the fiscal year 2026. This call is part of the company’s regulatory obligations and provides an opportunity for stakeholders to gain insights into the company’s financial performance and strategic direction.