Orient Green Power Company Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Orient Green Power Company Ltd trades at ₹9.9, in a downtrend and 85 weeks into that stage. That is −12.9% against its own 200-day average. It sits at 22% of a 52-week range of ₹9 to ₹14. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (4 weeks and counting).

Today the stock is in a downtrend — week 85 of stage 4, confirmed. At ₹9.9 it trades −12.9% versus its 200-day average and sits at 22% of its 52-week range (₹9–₹14).

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (4 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 14th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Orient Green Power Company Ltd trades at 22.0× P/E, near the bottom of its own range — cheaper only 14% of the time. Its long-run median P/E is 59.3×, measured across 6.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 22.0× is near the bottom of its own range — cheaper only 14% of the time, against a long-run median of 59.3× measured over 6.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +78.8% against a −33.4% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +26.8%/yr price move, ~+87.2%/yr came from earnings growth and ~−60.4 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Orient Green Power Company Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +180.8% at its peak to +15.5% but is still expanding, ROCE holding at 7.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

40.8/100 — rank 16 of 20 in Power - Generation/Distribution · 74% evidence confidence

Orient Green Power Company Ltd scores 40.8 out of 100 against the 20 companies it is compared with in Power - Generation/Distribution, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 12.7 + 13.7 + 10.1 + 4.3 = 40.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Orient Green Power Company Ltd reported ₹81.0 Cr of revenue in the Jun 26 quarter, −6.9% year on year. Over 10 years it has compounded at −0.1% a year. The last full year, FY26, came in at ₹293 Cr. The last four reported quarters add to ₹287 Cr.

Orient Green Power Company Ltd reported ₹81.0 Cr of revenue in the Jun 26 quarter, −6.9% year on year. Over 10 years it has compounded at −0.1% a year. The last full year, FY26, came in at ₹293 Cr. The last four reported quarters add to ₹287 Cr.

FY26 revenue came in at ₹293 Cr (+12.7% on the year), capping 10 years at −0.1% compound. The latest quarter (Jun 26) printed ₹81.0 Cr, −6.9% year on year.

Pace check: the last four quarters averaged −0.7% growth against the decade's −0.1% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +0.7% over the last 4 quarters against +6.1%/yr over the last 8 — rolling over; TTM profit +15.5% vs +38.4%/yr — rolling over.

→ Revenue slipped — did margins hold as it scaled? Next: 68.0% this quarter (−1.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Orient Green Power Company Ltd's operating margin is 68.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 46.0% to 72.0%. The current quarter sits inside that band.

Orient Green Power Company Ltd's operating margin is 68.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 46.0% to 72.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 68.0%, −1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 46.0%–72.0%.

🚨 Why the margin moved: operating margin went −1.0 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins slipped — did that reach the bottom line? Next: profit −17.2% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Orient Green Power Company Ltd earned ₹24.0 Cr of net profit in the Jun 26 quarter, −17.2% year on year. Full-year FY26 profit was ₹72.0 Cr. That is 29.6% of the quarter's revenue. The same quarter a year earlier earned ₹29.0 Cr. 6 of the last 12 reported quarters were loss-making.

Orient Green Power Company Ltd earned ₹24.0 Cr of net profit in the Jun 26 quarter, −17.2% year on year. Full-year FY26 profit was ₹72.0 Cr. That is 29.6% of the quarter's revenue. The same quarter a year earlier earned ₹29.0 Cr. 6 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹24.0 Cr, −17.2% year on year. On the full year, FY26 printed ₹72.0 Cr (+71.4%).

→ Profit rose — but did the cash follow? Next: 404% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 404% of Orient Green Power Company Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹195 Cr of operating cash against ₹72.0 Cr of profit. After ₹191 Cr of capital spending, ₹4.0 Cr was left as free cash.

FY26: operating cash of ₹195 Cr against reported profit of ₹72.0 Cr, leaving free cash of ₹4.0 Cr after ₹191 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 404% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 404%: the cash cycle tightened 46 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 101-day cycle and ₹228 Cr of building.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Orient Green Power Company Ltd's cash conversion cycle runs 101 days in FY26, down from 147 days in FY21. Capital spending ran ₹228 Cr over the last 3 years. At FY26 sales of ₹293 Cr each day of that cycle holds about ₹0.8 Cr, so roughly ₹81.0 Cr sits inside the business at any moment.

FY26: debtors at 101 days (an asset-light business — no inventory to speak of) — for a full cycle of 101 days, tighter than FY21's 147.

In money terms: at FY26 sales of ₹293 Cr, each day of the cycle holds about ₹0.8 Cr — so the 101-day loop keeps roughly ₹81.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹228 Cr over the last 3 fiscal years against ₹252 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹79.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 7% and the ROIC − WACC spread is −8.4 pp.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Orient Green Power Company Ltd earns a ROCE of 7% in FY26. That is up from a trough of 2% in FY14. Return on invested capital clears the cost of that capital by −8.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 24.6% net margin on 0.17× asset turns.

FY26 ROCE is 7%, recovered from a FY14 trough of 2% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 24.6% net margin × 0.17× asset turns × 1.50× balance-sheet leverage ≈ 6.3% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 3.6% − 12.0% = a −8.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.45.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Orient Green Power Company Ltd carries total debt of ₹524 Cr against shareholder equity of ₹1,155 Cr as of Jun 26, a debt-to-equity of 0.45. On the annual view that ratio went from 2.58 in FY22 to 0.45 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Jun 26: total debt of ₹524 Cr against shareholder equity of ₹1,155 Cr — a debt-to-equity of 0.45. On the annual view, debt-to-equity went from 2.58 (FY22) to 0.45 (FY26). Read the returns on this page with that leverage in mind.

→ Who owns this, and are they adding or leaving? Next: Promoters cut 5.0 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 5.0 points of Orient Green Power Company Ltd over 8 quarters, the biggest move on the register. That takes promoters to 24.4% of the company. Domestic institutions moved −1.6 points over the same window, to 1.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −5.0 points over 8 quarters to 24.4%; Domestic institutions: −1.6 points over 8 quarters to 1.2%; Foreign institutions: +0.1 points over 8 quarters to 0.6%.

🚨 Why the register moved: promoters drove it (−5.0 points), alongside domestic institutions (−1.6 points) — distribution into the market’s bid.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Orient Green Power Company Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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