Orient Green Power Company Ltd.
Snapshot View

3.42 +0.16 ▲4.9%

27 July 2021, 10:39:00 A.M.
Volume: 540,021

Overview View Details

Sector Power. Compare with Sector peers
Industry Power Generation/Distribution Compare with Industry peers
Website http://www.orientgreenpower.com
Financial Indicators
Market Cap 244.74 Cr.
Earnings per share (EPS) -0.77 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 16.83 Trailing Twelve Months Ending 2021-03
Book Value / Share 6.15 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.53 Calculated using Price: 3.26
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 75.07 Cr. 750,723,977 Shares
FaceValue 10
Company Profile

Orient Green Power Company was incorporated under the Companies Act on December 6, 2006 in Chennai, Tamil Nadu. It was granted the certificate for commencement of business on January 8, 2007 by the RoC. There has been no change in the activities being carried out by the company since its incorporation. The company is not operating under any injunction or restraining order.

The company has grown its business by acquiring operating and development renewable energy assets from third parties and by developing greenfield projects. The company has the ability to identify assets where it can improve performance, acquire them at beneficial rates and improve operating performance. It has a diverse customer base with a mixture of off-take arrangements. The company’s customers include SEBs, distribution companies, private commercial and industrial consumers and a power trading company.

The company enters into PPAs with varying pricing arrangements depending on the type of customer, available tariffs, location and term of PPA. As a result of its renewable energy focus, it is able to avail of long-term contracted renewable energy tariff rates that, in general, are higher than long-term contracted tariffs for conventional energy and other incentives aimed at encouraging the renewable energy industry.

Business area of the company

The company is a leading Indian independent renewable energy-based power generation company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. It is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity according to the CRISIL Report dated as of March, 2010. Currently the company’s portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.

Wind Energy Business

The company is one of the top two independent operators and developers of wind farms in India based on aggregate installed capacity according to the CRISIL Report. The wind energy business focuses on the development and operation of wind farms in India, Europe and South Asia. The company’s currently operating wind farms are located in the states of Tamil Nadu and Andhra Pradesh, which are among the top four Indian states with the highest wind potential according to the CRISIL Report and which have favorable incentives for renewable energy companies. The company is currently expanding its presence in Tamil Nadu and developing projects in other locations in India, including the states of Gujarat and Maharashtra, and also internationally, including in Sri Lanka, Croatia, the Czech Republic and Hungary. As at July 31, 2010, its total wind portfolio including operating, committed and development projects was comprised of an estimated aggregate capacity of 815.53 MW. Its wind energy business is housed in its Subsidiaries BWFPL and GGPL.

Biomass Power Business

The company’s biomass power business focuses primarily on the development and operation of multi-fuel biomass-based power plants that generate electricity from agri-residues and waste from agriculture crops, forestry and related industries, such as rice, mustard and soya bean husks, straw, cotton and maize stalks, coconut and ground nut shells, wood chips, poultry litter, and bagasse. The company target regions with sufficient availability of biomass, favorable incentives for renewable energy companies, attractive tariff structures and a shortage of electricity supply. It currently operates five biomass plants and one biogas plant with an aggregate installed capacity of 40.5 MW in Tamil Nadu, Maharashtra and Rajasthan. It also currently has biomass power projects in the committed and development stages in the states of Andhra Pradesh, Gujarat, Madhya Pradesh, Punjab and West Bengal in addition to expanding its presence in Maharashtra, Tamil Nadu and Rajasthan.

Other Businesses

The company is developing its capabilities in a small hydroelectric power plant that would serve small communities or industrial and commercial consumers. The company is currently co-developing a 15.0 MW mini-hydroelectric power project in Orissa through its 51% ownership in a joint venture company. It is also evaluating opportunities in solar and other renewable sources including waste-to-energy.

Subsidiaries of the company

  • Amrit Environmental Technologies Private Limited
  • Beta Wind Farm Private Limited
  • Bharath Wind Farm Limited
  • Clarion Wind Farm Private Limited
  • Gamma Green Power Limited
  • Gayatri Green Power Limited
  • Global Powertech Equipments Limited
  • Orient Biopower Limited
  • Orient ECO Energy Limited
  • Orient Green Power Company (Rajasthan) Private Limited
  • Orient Green Power Europe BV
  • Pallavi Power and Mines Limited
  • PSR Green Power Projects Private Limited
  • Sanjog Sugars & Eco Power Private Limited
  • Shriram Non-Conventional Energy Limited
  • Shriram Powergen Limited
  • SM Environmental Technologies Private Limited
  • Vjetroelektrana Crno Brdo doo

Group Companies

  • Haldia Coke and Chemicals Private Limited
  • Hamon Shriram Cottrell Private Limited
  • Leitner Shriram Manufacturing Limited
  • Shriram SEPL Composites Private Limited
  • Blackstone Group Technologies India Private Limited

Milestone

  • September 28, 2007: Investment by Bessemer Venture Partners Trust
  • February 29, 2008: Investment by Orient Green Power Pte. Limited, Singapore
  • April 3, 2008: Acquisition of Amrit Environmental Technologies Private Limited
  • December 8, 2008: Investment by Orient Green Power Pte. Limited, Singapore
  • January 29, 2009: Investment by Orient Green Power Pte. Limited, Singapore
  • December 23, 2009: Investment by Shriram EPC Limited, Bessemer India Capital Holding II Ltd and AEP Investment (Mauritius) Limited
  • December 28, 2009: Acquisition of Shriram Powergen Limited by way of share purchase agreement
  • January 25, 2010: Acquisition of 50.25% of shares of Bharath Wind Farm Limited
  • January 29, 2010: Acquisition of remaining 49.75% of shares of Bharath Wind Farm Limited by way of gift from Orient Green Power Pte. Limited, Singapore

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.91%
1 Week
+7.21%
1 Month
+16.72%
3 Month
+63.64%
6 Month
+41.91%
1 Year
+62.09%
2 Year
-7.82%
5 Year
-67.12%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -6.69 -7.21 -19.58 -26.21 -43.73 -14.36 -12.69 -9.47 3.94
Return on Capital Employed (%) 1.18 4.03 1.68 1.38 -4.03 6.47 7.09 7.33 9.44
Return on Assets (%) -2.72 -2.30 -5.90 -7.19 -10.80 -3.27 -2.74 -2.11 0.92

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1,189 1,241 1,056 826 741 595 532 496 512
Non Curr. Liab. 1,013 1,600 1,911 1,938 1,727 1,352 1,503 1,454 1,340
Curr. Liab. 1,323 665 526 493 560 890 331 294 245
Minority Int. 31 30 19 8 4 2 6 -7 -11
Equity & Liab. 3,556 3,536 3,513 3,265 3,033 2,839 2,373 2,236 2,087
Non Curr. Assets 3,303 3,270 3,232 3,060 2,765 2,556 2,117 2,003 1,872
Curr. Assets 253 254 271 193 269 283 255 234 215
Misc. Exp. not W/O 12 10 12
Total Assets 3,556 3,536 3,513 3,265 3,033 2,839 2,373 2,236 2,087

Profit Loss View Details

Particulars 9 years 2010-03 Rs. Cr. 2011-03 Rs. Cr. 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 55 209 250 435 418 296 448 323 327
Other Income 8 31 32 24 8 12 13 47 66
Total Income 63 240 283 460 427 308 461 371 393
Total Expenditure -57 -120 -189 -248 -211 -271 -168 -106 -119
PBIDT 6 120 93 211 216 37 294 265 274
Interest -11 -58 -108 -190 -266 -225 -268 -200 -163
Depreciation -9 -42 -66 -110 -143 -153 -169 -114 -92
Taxation -1 -10 -1 -7 4 1 -1 0
Exceptional Items 13 -18 48
PAT -14 9 -82 -82 -208 -340 -96 -49 20

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 162 -46 192 324 215 306 324 262 267
Cash Fr. Inv. -763 -525 -293 -1 -69 23 48 -19 25
Cash Fr. Finan. 458 590 61 -323 -143 -331 -371 -243 -294
Net Change -142 19 -40 1 3 -2 1 0 -1
Cash & Cash Eqvt 29 48 8 9 10 8 9 9 8

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 48.73 48.73 48.73 48.73 48.73 48.73 48.73 48.73 48.73
Public 51.27 51.27 51.27 51.27 51.27 51.27 51.27 51.27 51.27
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 99.89 99.89 99.89 99.89 99.89 99.89 99.89 99.89 99.89

Announcements View Details

Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
Orient Green Power Company Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Mon, 19 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- M Kirithika
Designation :- Company Secretary and Compliance Officer
Wed, 14 Jul 2021
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 on July 13 2021 for SVL Ltd Nivedana Power Pvt Ltd Syandana Energy Pvt Ltd Janati Bio Power Pvt Ltd

Technical Scans View Details

Mon, 26 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing 20 EMA From Below Close Crossing 20 EMA From Below
ADX Crossing 25 From Above ADX Crossing 25 From Above

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