Generates electricity from wind and solar power across 44 plants in India, with operating capacity of 399 MW at end-FY26 split between 392 MW of wind and 7 MW of solar. Revenue comes from selling power to State Electricity Boards and to industrial and commercial customers seeking renewable supply, typically under long-term arrangements. FY26 total income was Rs 316 cr with a record Rs 72 cr net profit; Q1 FY27 revenue was Rs 81.43 cr, down 7% year-on-year on weaker wind availability. The business is asset-heavy: depreciation runs 29.4% of revenue and capex 65.9% of revenue, while fuel cost is zero because wind and sunlight are free inputs. Capacity is being added through a 17.6 MW solar project and 7.8 MW of wind repowering targeted for commissioning by September 2026, plus a 6.6 MW wind expansion in Karur, Tamil Nadu signed with Renfra Energy on a Rs 62 cr turnkey contract. A larger 25 MW solar project is being built by 70%-owned subsidiary Delta Renewable Energy using Rs 247.09 cr of rights-issue proceeds. Total debt stands at around Rs 535 cr with a blended borrowing cost of 9.1%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wind power generation, Solar power generation. Asset-heavy renewable power generation, wind-weighted, zero-fuel, high capex and depreciation
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 311 | 258 | 271 | 263 | 293 |
| EBITDA (ex other income) | 241 | 193 | 191 | 172 | 193 |
| margin % | 77.7 | 74.6 | 70.6 | 65.5 | 65.9 |
| Owners' profit | 35 | 33 | 37 | 39 | 69 |
| EPS, as reported (₹) | 0.47 | 0.43 | 0.41 | 0.33 | 0.59 |
| ROE % · ROCE % | 7.5 · 9.4 | 6.5 · 9.1 | 4.9 · 7.9 | 3.9 · 7.0 | 6.2 · 8.1 |
| Debt / equity (x) | 2.53 | 2.08 | 0.94 | 0.50 | 0.44 |
| Cash from operations | 220 | 166 | 250 | 169 | 195 |
| Capex | (2) | (2) | (24) | (10) | (193) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 124 | 35 | 41 | 87 | 131 | 36 | 39 | 81 |
| Profit before tax | 66 | (22) | (14) | 29 | 81 | (21) | (16) | 24 |
| Net profit | 66 | (22) | (15) | 29 | 81 | (21) | (17) | 24 |
| EPS (₹) | 0.60 | (0.20) | (0.14) | 0.25 | 0.69 | (0.19) | (0.15) | 0.20 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NTPC LTD | 3,23,287 | 11.7 | 1.53 | 10.2 | 13.0 | 5.5 | 10.9 | 32.8 |
| ADANI GREEN ENERGY LTD | 2,11,030 | 87.2 | 7.06 | 27.2 | 6.7 | 1.3 | 32.9 | 95.1 |
| JSW ENERGY LIMITED | 96,469 | 47.0 | 2.87 | 15.3 | 8.2 | 1.9 | 22.3 | 59.6 |
| NHPC LTD | 76,724 | 20.2 | 1.59 | 20.1 | 8.7 | 2.7 | 3.8 | 65.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Orient Green Power clarifies volume surge, cites Q2 seasonality and capex | compliance | minimal | — | — |
| 9 Sept 2026 · NSE flags unusual trading volume; seeks company clarification | regulatory legal | medium | — | — |
| 9 Sept 2026 · ICRA assigns BBB Stable rating to Orient Green Power subsidiaries | compliance | low | — | — |
| 9 Sept 2026 · ICRA assigns BBB Stable rating to Orient Green subsidiaries | credit debt | medium | — | — |
| 29 Jul 2026 · Monitoring Agency Report for Q1 FY27 on Rs 250 crore Rights Issue | compliance | minimal | — | — |
| 29 Jul 2026 · Orient Green Power Q1 FY27 earnings call transcript | investor communications | medium | — | — |
| 28 Jul 2026 · Orient Green Power shares link to Q1 FY27 investor call recording | investor communications | low | — | — |
| 23 Jul 2026 · AGM 2026 results: all 5 resolutions passed by shareholders | compliance | minimal | — | — |
| 23 Jul 2026 · Orient Green Power files newspaper advertisement copies with exchanges | compliance | minimal | — | — |
| 22 Jul 2026 · Orient Green Power holds 19th AGM, five resolutions transacted | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| NTPC GREEN ENERGY LIMITED |
| 73,604 |
| 123.0 |
| 3.84 |
| 38.8 |
| 2.7 |
| 1.2 |
| — |
| 90.7 |
| NLC INDIA LIMITED | 36,725 | 11.0 | 1.45 | 9.7 | 14.9 | 5.4 | 12.2 | 34.4 |
| ACME SOLAR HOLDINGS LTD | 28,352 | 41.0 | 5.60 | 19.9 | 9.8 | 2.7 | — | 96.9 |
| SJVN LTD | 25,984 | 40.8 | 1.82 | 16.1 | 4.5 | 2.8 | 12.7 | 65.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.0 | 20.2 | 10 of 25 | 63% |
| P/B | 0.9 | 1.6 | 7 of 26 | 76% |
| ROCE | 4.5 | 2.7 | 12 of 29 | 61% |
| ROE | 6.2 | 6.2 | 14 of 27 | 50% |
| Debt / Equity | 0.4 | 0.7 | 12 of 27 | 58% |
| EBITDA margin | 74.0 | 53.8 | 7 of 24 | 74% |
| Revenue growth | (6.8) | 10.0 | 19 of 24 | 22% |
| Profit growth | (16.4) | 4.2 | 19 of 25 | 25% |
| Market cap | 1096 | 3866 | 19 of 29 | 36% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
