This small-cap Solar Stock, engaged in the business of power generation, focusing on renewable energy projects such as solar and wind to provide sustainable electricity solutions, is in focus after the company aims to deliver 6 GW of solar projects, 3.5 GWh of battery energy storage systems (BESS) and many other expansion projects by 2030.
With a market capitalization of Rs. 4,475.50 crores, the shares of Oriana Power Limited closed at Rs. 2,202.60 per share on Friday, up by 2.82 percent from its previous closing price of Rs. 2,142.25 per share.
Guidance: Oriana Power Limited is planning to grow its clean energy business significantly from FY25 to FY30. In FY25, the company achieved over 400 MW of solar capacity, with more than 550 MW in under execution, and secured 403 MWh of battery energy storage systems (BESS), with 700 MWh in the pipeline. It also had an allocation of 10,000 MTPA of green hydrogen and related projects under the SIGHT Scheme.
Oriana Power Limited aims to deliver 1 GW of solar projects and also reach over 1 GWh of BESS by FY26. For green hydrogen, they plan to have 100 KTPA of e-methanol in the pipeline. In FY30, Oriana expects to handle 6 GW of solar EPC and 2.5 GW of independent power producer (IPP), along with 3.5 GWh of BESS, 1 GW of electrolyser facility, and 1 MMT of e-fuel production using green hydrogen. This plan shows their focus on scaling up solar, storage, and green hydrogen projects over the years.
Expansion: Oriana Power Limited has secured over 2,900 acres of land across India, enabling the rollout of scalable projects to achieve a capacity of over 1 GW. Additionally, Rs. 15,500 crore in MoUs provides funding visibility for their expansion across multiple verticals, including solar, battery energy storage systems (BESS), and green hydrogen.
Oriana Power Limited was founded in 2013 and is a leading Indian renewable energy company specializing in solar energy solutions. The company operates primarily in two business verticals, such as EPC and operations of solar power projects, and also offers solar energy solutions on a BOOT (Build, Own, Operate, Transfer) basis.
The company provides both on-site (rooftop, floating, and ground-mounted systems) and off-site (open access solar farms) solutions for commercial, industrial, government, and educational clients across India, with a growing international presence in regions such as Kenya, South Africa, and the Middle East.
Coming into financial highlights, Oriana Power Limited’s revenue has increased from Rs. 319 crore in H2 FY24 to Rs. 628 crore in H2 FY25, which has grown by 96.87 percent. The net profit has also grown by 124.49 percent, from Rs. 49 crore in H2 FY24 to Rs. 110 crore in H2 FY25.
Oriana Power Limited’s revenue and net profit have grown at a CAGR of 115.98 percent and 175.60 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 42.3 percent and 48.3 percent, respectively. Oriana Power Limited has an earnings per share (EPS) of Rs. 78, and its debt-to-equity ratio is 0.53x.
Written By – Nikhil Naik
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