As the world continues to push for more sustainable and environmentally-friendly practices, renewable energy companies have seen an increased demand for their services. One such company is Orient Green Power Company Limited, a leading renewable energy company based in India. With its focus on generating and selling electricity using wind energy, Orient Green Power is well-positioned to capitalize on this shift towards renewable energy sources.
This blog post will look closely at Orient Green Power’s financial performance, market trends, and potential growth opportunities to provide an Orient green power share price target for 2023 and the upcoming years. As the company continues to expand and develop its renewable energy assets, investors are keen to know what the future holds for Orient Green Power.
About Orient Green Power
Orient Green Power Company Limited is a renewable energy company based in India. The company is primarily focused on generating and selling electricity using wind energy. They own and operate a portfolio of wind energy power plants with an installed operational capacity of approximately 25 megawatts (MW) located across various states in India and one in Croatia, Europe.
In addition to wind power, Orient Green Power is also engaged in developing, owning, and operating other renewable energy assets in India and overseas through partnerships with Bessemer Venture Partners of the United States and Olympus Capital Holdings Singapore.
The company’s subsidiaries include Beta Wind farm Private Limited, Bharath Wind Farm Limited, Gamma Green Power Private Limited, Orient Green Power Europe BV, Orient Green Power (Maharashtra) Private Limited, Statt Orient Energy (Private) Limited and Amrit Environmental Technologies Private Limited.
Orient Green Power is committed to promoting renewable energy sources and reducing carbon emissions, contributing to a more sustainable future for our planet.
Fundamentals of Orient Green Power
Let’s understand the fundamentals of Orient Green Power so it will be easy to decide on Orient Green Power share price target.
This data was taken on February 14, 2023.
- Current Market Price ₹ 8.40
- Market Capital ₹ 630.61 Cr
- Sales Growth 3 years 207.91%
- Profit Growth 3 years -210.46%
- Earnings Per Share 0.26 ₹
- Return on Equity -2.65%
Based on its financial reports, it is clear that the company has several strengths, which are as follows:
- The company has grown its revenue by a lot – 207.91% – over the past three years.
- The company manages its cash well, with a cash conversion cycle of only 63.18 days.
However, a closer examination of the company’s fundamentals reveals some weaknesses of Orient Green Power, which are as follows:
- The company’s profit growth has been poor, with a decline of -201.56% over the past three years.
- The company’s Return on Equity (ROE) has been low at only 0.09% over the past three years.
- The percentage of shares pledged by the company’s promoters has increased significantly from 32.53% to 99.84% in just one quarter.
- The company’s Return on Capital Employed (ROCE) has been poor at only 1.07% over the past three years.
- The company has a low-interest coverage ratio of -0.32.
- The company has significant contingent liabilities of 1,584.02 Cr.
- Has a negative cash flow from operations of -5.49.
- The tax rate for the company is low at 0.
- The company had a low EBITDA margin of -540.73% over the past five years.
- It is currently trading at a high EV/EBITDA of 178.61.
- The percentage of shares pledged by the company’s promoters is very high at 99.84%.
These weaknesses suggest that the company is not performing well financially, and investors may want to consider these factors before investing.
Other Related Articles:
- Suzlon Energy Share Price Target For 2023, 2025 to 2030
- ICICI Bank Share Price Target for 2023, 2025 to 2030
- IRFC Share Price Target for 2023, 2025 to 2030
- IEX Share Price Target for 2023, 2025 to 2030
- Vodafone Idea Share Price Target for 2023 to 2030
- Tata Motors Share Price Target for 2023 to 2030
Technical Analysis of Orient Green Power Share
Orient green power share price history reveals that its stock price has been volatile since it was listed on the exchange, with a significant correction in the price. The price has followed a downtrend since then, reaching a low of 1.20₹ in 2020.
However, the price started to move upward after this low and made a high of 28.45₹, delivering returns of more than 2000% in the last two years. Currently, the stock price has fallen more than 70% from its high and is hovering around an important support level of 7.50 to 8.50₹.
These trends suggest that the stock price will likely remain volatile, and investors should carefully consider their options before investing in this company. Now let’s see Orient Green Power Share Price Target for Upcoming Years.
Orient Green Power Share Price Target for Upcoming Years
|Orient Green Power Share Price Target (₹)
Orient Green Power Share Price Target For 2023
Orient Green Power Share Price Target For 2023 will be around 9₹.
Orient Green Power Share Price Target For 2025
Orient Green Power Share Price Target For 2025 will be around 23₹.
Orient Green Power Share Price Target For 2027
Orient Green Power Share Price Target For 2027 will be around 37₹.
Orient Green Power Share Price Target For 2030
Orient Green Power Share Price Target For 2030 will be around 89₹.
Disclaimer: The information provided is for educational purposes only and should not be taken as investment advice. I cannot be held responsible for any profit or loss. It is highly recommended to conduct your research and consider all factors before making any investment decisions in the stock market. The information in this post may be subject to inaccuracies and errors and is subject to change.