Orient Green Power Share Price Target 2024-2030 Fundamentals & Quarterly Results

Orient Green Power Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Situated in Chennai, Orient Green Power Company Ltd is the biggest corporation in India in terms of total installed capacity on renewable energy power plants. KS Sripathi is its Chairman and T Shivaraman the Managing Director & CEO. Orient Green Power Ltd has an overall installed capacity of 466.5MW with most of it being from wind power projects and biomass ones.

OGP Company Ltd is headed by KS Sripathi and T Shivaraman in their respective capacities as Chairman and Managing Director & CEO, and is headquartered in Chennai, India’s biggest CC with regard to combined renewable energy power plants’ power generation abilities. Orient Green Power Ltd has installed power of 466.5 megawatts made up largely of wind farms and other types of plants.Orient Green Power Share Price target

Orient Green Power Overview

OGP Company Limited focuses on producing alternative energy. Its primary activities are elaborating, holding and running numerous wind energy plants.

Company NameOrient Green Power
Listed atNSE & BSE
Head OfficeOrient Green Power Company Ltd.
Bascon Futura SV, 4th Floor,
No.10/1, Venkatanarayana Road,
T. Nagar,
Chennai – 600017.
Board Of Directors
  • Mr. T. Shivaraman Managing Director and CEO
  • Mr. R. Ganapthi Director
  • Mr. P. Krishnakumar Director
  • Mrs. Chandra Ramesh Director
  • Mr. K S Sripathi Director
  • Ms. Sannovanda Swathi Machaiah Director
  • Mr. T. Shivaraman Managing Director and CEO
  • Mr. R. Kannan Chief Operating Officer
  • M. Kirithika Company Secretary
  • Ms. J Kotteswari Chief Financial Officer
Official Websiteorientgreenpower.com

Also Check IRCTC Share Price Target

Orient Green Power Business Profile

The reason for the existence of the organization is to produce and sell power to the public using wind. They are strategically situated in Tamil Nadu, Karnataka and Gujarat for instance.

Wind Power Capacity

As of FY22, The Company has established operational capacities of 402MW wind generators, which include a 10.5MW wind power plant located in Croatia, Europe. In FY23, Beta Wind Farm, a subsidiary of the company that accounts for 129.3MW under Renewable Energy Certificates (REC) gave up its position.

Also Check JP Power Share Price Target

Capacity Expansion

The company is planning on increasing its capacity to 1 GW (1000 MW up from 400 MW). This was resolved in a board meeting on Feb 2nd 24, with approval given to construct a 39.6 MW Solar Power Plant in Tamil Nadu state, consisting of two 19.8 MW solar power projects each at an estimated total cost of Rs 293 Cr. An equity financing of 143 Cr is anticipated for Phas1 while Phas2 needs 151 Crores from loan finances.

Also Check SJVN Share Price Target

Asset Sale

The Company disposed of windmills aggregating to 10.5 MW and some pieces of land related to the completion of 25 years of useful life since commissioning in FY23 with a view to realizing a one time gain of Rs 22.3 Cr.

Also Check Reliance Power Share Price Target

Pending Disputes

There are 21 million rupees in escrow waiting for the disposal of some appeal made in India’s Supreme Court with regard to lessening REC’s floor price which has been pending since six years ago.

Also Check NHPC Share Price Target

Orient Green Power Fundamentals & Quarterly Results

Market Cap₹ 1,912 Cr.
Current Price₹ 19.5
High / Low₹ 34.6 / 7.59
Stock P/E65.7
Book Value₹ 8.52
Dividend Yield0.00 %
ROCE7.19 %
ROE1.82 %
Face Value₹ 10.0
Debt to equity1.01
Debt Capacity-0.05
Debt preceding year₹ 1,238 Cr.
Debt₹ 845 Cr.
Reserves₹ -145 Cr.
EPS₹ 0.43
EPS last year₹ 0.33
Pledged percentage99.9 %
FCF Prev Ann₹ 240 Cr.
EVEBITDA13.1
Industry PE27.4
PEG Ratio4.03
Piotroski score7.00
Earnings yield4.52 %

On December 23rd, 93.16% of Beta Wind Farm Private Limited’s equities held by promoters are pledged. It has issued a corporate guarantee for RS. 726 Cr and also executed a pledge of 1,80,04,812 equity shares held by itself in Beta Wind Farm Private Limited.

Also Check BEL Share Price Target

Orient Green Power Quarterly Results

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales83387810828447912234
Expenses222124211923212220
Operating Profit601754879225810014
OPM %73%44%69%80%31%49%74%82%41%
Other Income-113-6479-7156
Interest3028282726282120
Depreciation222221212121212121
Profit before tax6-3293410-19975-21
Tax %0%0%0%0%0%0%0%0%0%
Net Profit6-3293410-19975-21
EPS in Rs0.06-0.340.090.350.10-0.210.090.76-0.21

The company’s high-cost debt of 721 Cr was refinanced by the Indian Renewable Energy Development Agency in April 2023 leading to a saving of 300 bps in interest cost. This cost saving will enhance the company’s profits.

Also Check South Indian Bank Share Price Target

CAGR Report

10 Years5 Years3 YearsTTM
Compounded Sales Growth-5%-6%-11%11%
Compounded Profit Growth8%16%-20%340%
Stock Price CAGR7%41%113%143%
Return on Equity-11%-3%-3%2%

Orient Green Power Shareholding

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoter Holding (%)34.53%32.53%32.53%32.48%32.48%29.42%29.42%
FII Holding (%)0.98%0.20%0.01%0.00%0.82%1.29%0.48%
DII Holding (%)4.17%3.97%3.58%3.58%2.74%2.73%2.73%
Public Holding (%)60.33%63.30%63.88%63.95%63.96%66.55%67.36%
No. of Shareholders4,23,5324,12,5194,06,7103,94,3214,74,0065,70,6807,37,750

On December 23, company made a pledge of 93.16% of the promoters’ shareholding, guaranteed Rs. 726 Cr, and pledged 1,80,04,812 equity shares held by the company in Beta Wind Farm Private Limited.

Also Check Shree Renuka Sugars Share Price Target

Orient Green Power Share Price Target 2024-2030 Forecast

YearLower TargetsHigher Targets
2024₹27₹30
2025₹32₹35
2026₹35₹44
2027₹40₹51
2028₹45₹60
2029₹60₹70
2030₹75₹85

Orient Green Power Share Price Target 2025

MonthLower TargetsHigher Targets
January₹26₹29
February₹23₹27
March₹25₹30
April₹26₹29
May₹24₹27
June₹22₹25
July₹24₹28
August₹26₹31
September₹28₹32
October₹27₹33
November₹30₹34
December₹32₹35

Orient Green Power Share Price Target 2026

MonthLower TargetsHigher Targets
January₹31₹36
February₹28₹35
March₹25₹30
April₹28₹32
May₹31₹35
June₹32₹37
July₹31₹38
August₹32₹36
September₹34₹38
October₹33₹40
November₹32₹39
December₹35₹44

Orient Green Power Share Price Target 2027

MonthLower TargetsHigher Targets
January₹38₹48
February₹36₹42
March₹32₹40
April₹35₹44
May₹33₹45
June₹37₹47
July₹36₹46
August₹37₹45
September₹39₹46
October₹36₹49
November₹38₹50
December₹40₹51

Orient Green Power Share Price Target 2028

MonthLower TargetsHigher Targets
January₹42₹52
February₹39₹48
March₹35₹42
April₹37₹45
May₹40₹48
June₹42₹50
July₹44₹55
August₹41₹56
September₹43₹58
October₹42₹56
November₹40₹54
December₹45₹60

Orient Green Power Share Price Target 2029

MonthLower TargetsHigher Targets
January₹48₹65
February₹44₹59
March₹38₹52
April₹40₹55
May₹42₹58
June₹45₹60
July₹47₹65
August₹41₹66
September₹43₹68
October₹50₹66
November₹55₹64
December₹60₹70

Orient Green Power Share Price Target 2030

MonthLower TargetsHigher Targets
January₹66₹74
February₹62₹68
March₹58₹62
April₹57₹65
May₹60₹68
June₹62₹70
July₹64₹75
August₹68₹76
September₹63₹78
October₹69₹80
November₹72₹82
December₹75₹85

Official Website – orientgreenpower.com

Leave a Comment