---
title: "Oriana Power Ltd (ORIANA) — Share Price, Financials & Analysis"
symbol: "ORIANA"
company: "Oriana Power Ltd"
canonical: "https://tapetide.com/stocks/ORIANA"
isin: "INE0OUT01019"
nse_symbol: "ORIANA"
sector: "Capital Goods"
industry: "Other Electrical Equipment"
market_cap_cr: 2459.02
generated_at: "2026-09-13T18:58:14.263Z"
---

# Oriana Power Ltd (ORIANA)

Canonical page: https://tapetide.com/stocks/ORIANA

## Company

- **NSE Symbol:** ORIANA
- **ISIN:** INE0OUT01019
- **Sector:** Capital Goods
- **Industry:** Other Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-08-11
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** orianapower.com

## About

Incorporated in 2013, Oriana Power Limited is engaged in two main business verticals: providing of EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis.[1]

## Latest Price

- **Price:** ₹1227.25
- **Change:** +5.05 (+0.41%)
- **Open:** ₹1222.2
- **Day High:** ₹1244.1
- **Day Low:** ₹1201
- **Previous Close:** ₹1222.2
- **Volume:** 42300
- **As Of:** 2026-09-11T09:59:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:45.162310Z.

- **Market Cap:** ₹2459.02 Cr
- **Classification:** SME
- **P/E (reported):** 9.9
- **Book Value:** ₹375.72
- **Price to Book:** 3.25
- **Dividend Yield:** 0%
- **ROE:** 30.63%
- **ROCE:** 32.07%
- **Debt to Equity:** 0.67
- **Revenue (yearly):** ₹1813.67 Cr
- **Net Income:** ₹250.79 Cr
- **EBITDA:** ₹398.02 Cr
- **52-Week High:** ₹3064
- **52-Week Low:** ₹1174.95
- **RSI (14):** 38.9

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 18.78 | 9% |
| growth | 98.9 | 9% |
| momentum | 10.36 | 12% |
| ownership | 50.11 | 24% |
| quality | 72.82 | 22% |
| valuation | 69.88 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 223% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.2%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| ebitda margin growth | -12.08% | -0.28% | 101.3% |
| net income growth | 58.23% | 188% | 223% |
| revenue growth | 81.71% | 138% | 122% |
| roce | 12.41% | 49.86% | 25.76% |
| roe | -16.13% | 33.45% | 107.1% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 64 | 319 | 360 | 628 | 781 | 1032 |
| Expenses | 53 | 249 | 284 | 468 | 601 | 815 |
| Operating Profit | 11 | 69 | 75 | 159 | 180 | 218 |
| OPM % | 18 | 22 | 21 | 25 | 23 | 21 |
| Other Income | 1 | 2 | 3 | 8 | 8 | 20 |
| Interest | 3 | 3 | 8 | 17 | 20 | 43 |
| Depreciation | 1 | 1 | 3 | 5 | 6 | 10 |
| Profit before tax | 9 | 67 | 67 | 145 | 162 | 185 |
| Tax % | 33 | 28 | 28 | 24 | 25 | 29 |
| Net Profit | 6 | 49 | 49 | 110 | 122 | 130 |
| EPS in Rs | 2.99 | 25.35 | 23.92 | 54.12 | 59.77 | 64.42 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 21 | 34 | 124 | 135 | 383 | 987 | 1814 |
| Expenses | 19 | 30 | 112 | 115 | 302 | 753 | 1416 |
| Operating Profit | 2 | 3 | 12 | 19 | 81 | 235 | 398 |
| OPM % | 9 | 10 | 10 | 14 | 21 | 24 | 22 |
| Other Income | 0 | 0 | 1 | 1 | 3 | 11 | 27 |
| Interest | 0 | 1 | 2 | 3 | 6 | 25 | 63 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 8 | 16 |
| Profit before tax | 2 | 2 | 11 | 16 | 76 | 212 | 347 |
| Tax % | 55 | 69 | 35 | 34 | 28 | 25 | 27 |
| Net Profit | 1 | 1 | 7 | 11 | 54 | 159 | 252 |
| EPS in Rs | 21.35 | 2.35 | 11.3 | 15.74 | 28.33 | 78.03 | 124.19 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.37 | 3 | 6 | 7 | 19 | 20 | 20 |
| Reserves | 1 | 2 | 9 | 25 | 127 | 489 | 743 |
| Borrowings | 4 | 17 | 28 | 71 | 184 | 271 | 509 |
| Other Liabilities | 7 | 22 | 32 | 42 | 80 | 583 | 1291 |
| Total Liabilities | 13 | 43 | 75 | 144 | 410 | 1363 | 2563 |
| Fixed Assets | 6 | 19 | 28 | 29 | 135 | 269 | 313 |
| CWIP | 0 | 0 | 0 | 46 | 52 | 50 | 146 |
| Investments | 0 | 0 | 3 | 6 | 11 | 11 | 16 |
| Other Assets | 7 | 24 | 45 | 63 | 212 | 1033 | 2087 |
| Total Assets | 13 | 43 | 75 | 144 | 410 | 1363 | 2563 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | 1 | 9 | 16 | 2 | 290 | 337 |
| Cash from Investing Activity | -6 | -14 | -16 | -41 | -117 | -522 | -506 |
| Cash from Financing Activity | 4 | 15 | 7 | 27 | 135 | 270 | 185 |
| Net Cash Flow | 0 | 2 | 0 | 1 | 21 | 38 | 16 |
| Free Cash Flow | -4 | -13 | -1 | -32 | -111 | 150 | 184 |
| CFO/OP | 80 | 16 | 90 | 81 | 10 | 144 | 100 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 76 | 148 | 72 | 99 | 75 | 146 | 135 |
| Inventory Days | — | — | — | — | — | — | 11 |
| Days Payable | — | — | — | — | — | — | 58 |
| Cash Conversion Cycle | 76 | 148 | 72 | 99 | 75 | 146 | 89 |
| Working Capital Days | -8 | -7 | 9 | 7 | 10 | 81 | 59 |
| ROCE % | — | 23 | 38 | 26 | 38 | 42 | 40 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 83.39% | 61.41% | 61.41% | 57.97% | 57.97% | 57.97% | 57.98% |
| FIIs | 0% | 2.75% | 1.17% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 2.76% | 1.52% | 0% | 0% | 0.37% | 0.37% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 24.11% | 27.47% | 35.06% | 35.2% | 33.99% | 34.83% |
| Others | 16.61% | 8.98% | 8.43% | 6.97% | 6.82% | 7.66% | 6.82% |
| No. of Shareholders | 14 | 1302 | 4024 | 9979 | 14458 | 14167 | 15186 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1226.28 | Buy |
| EMA (10) | 1234.35 | Sell |
| SMA (20) | 1243.31 | Sell |
| EMA (20) | 1261.99 | Sell |
| SMA (50) | 1359.32 | Sell |
| EMA (50) | 1366.13 | Sell |
| SMA (100) | 1582.28 | Sell |
| EMA (100) | 1521.69 | Sell |
| SMA (200) | 1793.15 | Sell |
| EMA (200) | 1686.36 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.9 | Neutral |
| MACD (12,26,9) | -42.66 | Buy |
| Stochastic (14,3,3) | 25.69 | Neutral |
| ADX (14) | 30.47 | Buy |
| Williams %R (14) | -74.5 | Neutral |
| ATR (14) | 55.14 | High Volatility |
| ROC (12) | -7.23 | Sell |
| Stoch RSI (14) | 40.16 | Neutral |
| UO (7,14,28) | 44.86 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 March 2026 - Received INR 1,180.53 Crore POs to build 234 MW floating solar at DVC Maithon, 18-month schedule. | [Awarding of order(s)/contract(s) 8 March 2026 - Received INR 1,180.53 Crore POs to build 234 MW floating solar at DVC Maithon, 18-month schedule.](https://nsearchives.nseindia.com/corporate/ORIANA_08032026190000_Oriana_EPCProject_080326.pdf) |
| 6 Sep - Newspaper publication of 13th AGM notice for September 28, 2026, via VC/OAVM with e-voting. | [Copy of Newspaper Publication 6 Sep - Newspaper publication of 13th AGM notice for September 28, 2026, via VC/OAVM with e-voting.](https://nsearchives.nseindia.com/corporate/ORIANA_06092026145125_OPL_PostNewspaper_Advt_060926.pdf) |
| 6 June 2026 - Oriana Power to hold a virtual analysts/investors meet on 10 June 2026, 1:00–2:00 PM IST. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 June 2026 - Oriana Power to hold a virtual analysts/investors meet on 10 June 2026, 1:00–2:00 PM IST.](https://nsearchives.nseindia.com/corporate/ORIANA_06062026185652_Oriana_Scheduleofmeet_060626.pdf) |
| 6 Aug - Oriana Power signs MoU with Maharashtra for ₹4,500 crore integrated green hydrogen project on 5 August 2026. | [General Updates 6 Aug - Oriana Power signs MoU with Maharashtra for ₹4,500 crore integrated green hydrogen project on 5 August 2026.](https://nsearchives.nseindia.com/corporate/ORIANA_06082026145406_Oriana_Update_MOU_060826.pdf) |
| 6 Aug - Oriana Power incorporated wholly owned subsidiary TRUERE PRITHVI RENEWABLES PRIVATE LIMITED on August 5, 2026. | [General Updates 6 Aug - Oriana Power incorporated wholly owned subsidiary TRUERE PRITHVI RENEWABLES PRIVATE LIMITED on August 5, 2026.](https://nsearchives.nseindia.com/corporate/ORIANA_06082026175631_Oriana_Truereprithvi_06-08-26.pdf) |
| 5 Sep - 13th AGM on 28 September 2026; annual report FY2025-26 released, e-voting 25-27 September. | [Shareholders meeting 5 Sep - 13th AGM on 28 September 2026; annual report FY2025-26 released, e-voting 25-27 September.](https://nsearchives.nseindia.com/corporate/ORIANA_05092026190845_AGM_Notice_and_Annual_Report-compressed.pdf) |
| 5 Aug - Oriana Power incorporated TRUERE SURYAGRID ENERGY PRIVATE LIMITED as wholly owned subsidiary on August 4, 2026. | [General Updates 5 Aug - Oriana Power incorporated TRUERE SURYAGRID ENERGY PRIVATE LIMITED as wholly owned subsidiary on August 4, 2026.](https://nsearchives.nseindia.com/corporate/ORIANA_05082026163317_OPL_IncorporationofWos_TruereSurya_05082026.pdf) |
| 4 Sep - Pre-dispatch newspaper ads issued on September 4, 2026 for 13th AGM notice and FY26 annual report. | [Copy of Newspaper Publication 4 Sep - Pre-dispatch newspaper ads issued on September 4, 2026 for 13th AGM notice and FY26 annual report.](https://nsearchives.nseindia.com/corporate/ORIANA_04092026123422_OPL_Newspaper_predispatch_Advt_040926.pdf) |
| 4 Aug - Oriana Power to invest Rs. 2.10 crore in wholly owned subsidiary Sunpulse Power via rights issue. | [Acquisition 4 Aug - Oriana Power to invest Rs. 2.10 crore in wholly owned subsidiary Sunpulse Power via rights issue.](https://nsearchives.nseindia.com/corporate/ORIANA_04082026184536_disclosure1.pdf) |
| 31 July 2026 - Postal ballot approved divestment stakes in Truere Guj SPV and Truere Current, plus related-party transactions on 30 July 2026. | [Shareholders meeting 31 July 2026 - Postal ballot approved divestment stakes in Truere Guj SPV and Truere Current, plus related-party transactions on 30 July 2026.](https://nsearchives.nseindia.com/corporate/ORIANA_31072026183657_OPL_Postalballot_Result_310726.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31608_ORIANA_2025_2026_A_5304929_05092026195725.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28859_ORIANA_2024_2025_A_5704013_06092025220214.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25774_ORIANA_2023_2024_04092024235357.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/ORIANA_14112025233255_OPL_EarningRelease_14nov2025.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/ORIANA_14112024162205_Oriana_Earning_Release_141124.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/ORIANA_08112023213518_Oriana_EarningRelease_08112023.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/ORIANA_29052025210248_Oriana_Power_EarningRelease.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/ORIANA_03052024183822_EarningRelease_03052024.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/ORIANA_11062025002429_Oriana_InvestorTranscript_03062025.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/ORIANA_24072024190526_Oriana_InvestorRelease_GreenHydrogenProject.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/ORIANA_02122025232903_Transcript02122025.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/ORIANA_06082024103112_OrianapowetLtd_InvestorRelease_060824.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:14.263Z.