Oriana Power share price today

Oriana Power Ltd's share price was ₹233.00 at the close on 4 November 2026. It has been falling for 41 weeks. That is 28.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹231 and ₹572, and at that close it sat 1% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Oriana Power Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 3.2 years the share price moved +267% while the NIFTY 500 moved +30%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 4 quarters in a row (every quarter we can compare), profit up on a year earlier for 4 quarters in a row (every quarter we can compare) and operating margin down 4 points on a year earlier.

1. Revenue up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹1,032 crore, +64.3% on a year earlier.

2. Profit up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter profit was ₹130 crore, +18.2% on a year earlier.

3. Operating margin down 4 points on a year earlier

   21% in the March 2026 quarter, from 25%.

For January to March 2026 (the quarter ended 31 March 2026), Oriana Power reported revenue of ₹1,032 crore, up 64.3% from ₹628 crore a year earlier, and a profit of ₹130 crore, up 18.2% from ₹110 crore.

Oriana Power results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Oriana Power closed at ₹233.00 on 4 November 2026, down 58.2% from ₹558.00 a year earlier (7 November 2025) and up 250.2% over three years. Its highest weekly close since August 2023 was ₹600.22 on 31 October 2025.

Oriana Power share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

173 weekly closes from 11 August 2023 to 4 November 2026.

4 Nov 2026: Oriana Power closed at ₹233.00, up 1.0% on the week and down 23.2% on the month. Results for January to March 2026: Revenue up 64.3% and profit up 18.2% on a year earlier.

Oriana Power has paid no dividend on the NSE since its first NSE close in our records (11 August 2023), the start of the period we checked.

No. Oriana Power Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Oriana Power is on one of our India lists: Power & green energy stocks.

Oriana Power Ltd earned ₹130 Cr of net profit in the Mar 2026 quarter, +18.2% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹252 Cr. Over 6 years profit has grown 151.3% a year on average. That is 12.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹49.0 Cr.

For the full year, FY26 profit was ₹252 Cr (+58.5% on the year before).

Why profit moved: revenue changed +64.3% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +252.1% and revenue +185.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Oriana Power Ltd reported ₹1,032 Cr of revenue in the Mar 2026 quarter, +64.3% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 6 years it has grown 110.3% a year on average. The last full year, FY26, came in at ₹1,814 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,814 Cr, +83.8% on the year before.

Recent pace: the last four quarters grew +185.1% on average, against 110.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Oriana Power Ltd's operating margin was 21.0% in the Mar 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Over the last four quarters it has moved −1.0 percentage points. Across 7 years it has been between 9.0% and 24.0%. The latest quarter is within that range.

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

Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed +1.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 127% of Oriana Power Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹337 Cr of operating cash against ₹252 Cr of profit. After ₹156 Cr of spending on assets, ₹181 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 127% of profit came in as cash: the cash cycle got 13 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 15.8× depreciation over three years. The next section checks what that spending is building.

Oriana Power Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 135 days in FY26, down from 148 days in FY21. It spent ₹410 Cr on assets over the last 3 years. Customers take 135 days to pay, and stock sits for 11 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,814 Cr, each day of that cycle ties up about ₹5.0 Cr, so roughly ₹671 Cr is tied up in the business at any time.

FY26: customers took 135 days to pay and stock sat for 11 days, about 0.4 months of sales sitting as stock, for a full cycle of 135 days, shorter than FY21's 148.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 11 days. Customers pay about 135 days after that. Suppliers are paid at 58 days. Together that makes the 135-day cycle.

Spending on assets: ₹410 Cr over the last 3 years, against ₹26.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹147 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Oriana Power Ltd's P/E is 9.4×, about the lowest it has ever been. Its usual P/E (the middle reading) is 34.1×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +59.1% while the price moved −58.2%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +51.9% a year; about +182.5% a year came from earnings growth and about −130.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Oriana Power Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Oriana Power Ltd earned a ROCE of 40% in FY26. That is up from a low of 23% in FY21. Its return on capital used (ROIC) is 4.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.9% net margin and 0.71× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 13.9% net margin × 0.71× asset turnover × 3.36× leverage (assets divided by equity) ≈ 33.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 16.3% − 12.0% = +4.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 16.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 21.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Oriana Power Ltd has total debt of ₹1,228 Cr against shareholder equity of ₹771 Cr as of Mar 2026, so its debt is 1.59× its equity. Year by year, that ratio went from 1.23 in FY24 to 1.59 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Oriana Power Ltd by 3.4 percentage points over 6 quarters, the biggest change among its owners. Promoters now own 58.0% of the company. Domestic institutions moved −3.2 points over the same period, to 0.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −3.4 points over 6 quarters, to 58.0%; Domestic institutions: −3.2 points over 6 quarters, to 0.7%; Foreign institutions: −2.4 points over 6 quarters, to 0.3%.

Why the owners changed: promoters drove it (−3.4 points), together with domestic institutions (−3.2 points). They reduced their stake.

For Oriana Power Ltd, the Z-score is 3.16. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 3.16 is well clear of the danger zone, so the balance sheet is not the risk here.

61.0 out of 100, rank 4 of 5 in Solar EPC, with 34% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Oriana Power Ltd scores 61.0 out of 100 against the 5 companies it is compared with in Solar EPC, ranking 4. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 22.4 + 20.8 + 17.8 = 61 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Oriana Power ranks 4 of 5 Solar EPC companies on the 4-Factor Sector Score, with 61.0 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Solar EPC, all 5 compared on one page.

Oriana Power is the 3rd largest of 5 Solar EPC companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Waaree Renewable Technologies and Sterling & Wilson Renewable Energy. Just below it: KP Green Engineering and Solarworld Energy Solutions.

Solar EPC companies close in size

1. Waaree Renewable Technologies Ltd ₹7,247 crore
2. Sterling & Wilson Renewable Energy Ltd ₹3,175 crore
3. Oriana Power Ltd ₹2,344 crore
4. KP Green Engineering Ltd ₹1,402 crore
5. Solarworld Energy Solutions Ltd ₹911 crore

All 5 Solar EPC companies, largest first

Companies close in size in other industries

1163. XPRO India Ltd ₹2,370 crore · Packaging - Films
1164. Easy Trip Planners Ltd ₹2,363 crore · E-Commerce - Platform - Travel
1165. Oriana Power Ltd ₹2,344 crore
1166. Utssav CZ Gold Jewels Ltd ₹2,337 crore · Diamond, Gems & Jewellery
1167. OBSC Perfection Ltd ₹2,334 crore · Auto Ancillaries - Diversified

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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