Orient Green Power Company Ltd (GREENPOWER) AI Stock Analysis

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Orient Green Power Company Ltd

(NSE:GREENPOWER)

Select Model

Rating:61Neutral

Price Target:INR 9.50▲(1.50% Upside)

Action:reiterated

Date:10/31/26

The score is primarily supported by improving balance-sheet strength from substantial deleveraging and resilient profitability with positive operating cash generation. It is held back by the sharp 2026 revenue decline and the swing to negative free cash flow, while technicals are mixed (short-term strength but weaker long-term trend) and valuation appears moderate based on the P/E.

Positive Factors

Material deleveragingSubstantial deleveraging and a meaningful build in equity have materially improved financial resilience. Lower leverage should reduce balance-sheet pressure and create more capacity to manage operating volatility, fund renewable assets, and withstand periods of weaker generation or revenue.

Negative Factors

Sharp revenue declineA roughly 48% annual revenue decline signals significant top-line instability despite continued profitability. If this weakness persists, it could reduce operating scale, constrain reinvestment, and make earnings more dependent on margins rather than dependable growth in electricity sales.

Orient Green Power Company Ltd (GREENPOWER) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 9.94B
Dividend Yield: ―
Average Volume (3M): 336.35K
Price to Earnings (P/E): 17.0
Beta (1Y): 0.93
Revenue Growth: 1.69%
EPS Growth: -8.55%
Country: India
Employees: 140
Sector: General
Sector Strength: 55
Industry: Regulated Electric

Orient Green Power Company Ltd Business Overview & Revenue Model

Company Description

Orient Green Power Company Limited, an independent power producer of renewable power, engages in the generation and sale of wind energy in India and Croatia. As of March 31, 2025, it had an aggregate installed capacity of 402.3 megawatt. The company...

How the Company Makes Money

GREENPOWER primarily makes money by generating electricity from its renewable energy assets (mainly wind farms) and selling that electricity to off-takers. Key revenue streams typically include: (1) Sale of electricity under long-term power purchase...

Orient Green Power Company Ltd Financial Statement Overview

Summary

Financials show improving stability from significant deleveraging and a strong profitability rebound after 2021, supported by consistently positive operating cash flow. Offsetting this, revenue has become volatile with a sharp ~48% decline in 2026, and free cash flow swung negative in the latest period, which can reduce flexibility if it persists.

Income Statement

62Positive

Balance Sheet

70Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	3.03B	2.93B	2.63B	2.59B	2.58B	3.11B
Gross Profit	1.93B	1.34B	2.10B	2.20B	1.11B	2.59B
EBITDA	2.09B	1.83B	1.92B	2.01B	2.25B	2.56B
Net Income	636.30M	691.90M	388.10M	365.30M	338.10M	349.80M
Balance Sheet
Total Assets	18.17B	17.32B	16.62B	16.18B	16.92B	18.31B
Cash, Cash Equivalents and Short-Term Investments	883.00M	1.28B	1.85B	728.00M	122.70M	129.20M
Total Debt	5.05B	5.24B	5.52B	7.54B	10.91B	12.38B
Total Liabilities	5.47B	5.77B	5.90B	8.36B	11.77B	13.51B
Stockholders Equity	12.57B	11.52B	10.75B	7.88B	5.24B	4.89B
Cash Flow
Free Cash Flow	0	-270.90M	1.59B	2.32B	2.18B	2.18B
Operating Cash Flow	0	1.66B	1.69B	2.50B	2.29B	2.20B
Investing Cash Flow	0	-1.14B	-1.53B	-17.00M	30.70M	220.00M
Financing Cash Flow	0	-178.50M	-555.60M	-1.89B	-2.29B	-2.46B

Orient Green Power Company Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price9.36

Price Trends

50DMA8.82Positive

100DMA9.42Negative

200DMA9.96Negative

Market Momentum

MACD0.14Negative

RSI61.74Neutral

STOCH75.97Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREENPOWER, the sentiment is Positive. The current price of 9.36 is above the 20-day moving average (MA) of 8.58, above the 50-day MA of 8.82, and below the 200-day MA of 9.96, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 61.74 is Neutral, neither overbought nor oversold. The STOCH value of 75.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GREENPOWER.

Orient Green Power Company Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GREENPOWER against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GIPCL	71Outperform	INR 25.93B	4.89	―	2.48%	27.75%	175.95%
IN:GREENPOWER	61Neutral	INR 10.93B	17.02	―	―	1.69%	-8.55%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KARMAENG	55Neutral	INR 399.39M	45.40	―	―	13.62%	344.28%
IN:DPSCLTD	52Neutral	INR 6.74B	58.10	―	0.72%	15.33%	82.85%
IN:ENERGYDEV	49Neutral	INR 718.68M	-19.44	―	―	16.63%	96.11%
IN:INDOWIND	37Underperform	INR 1.52B	-79.58	―	―	-16.53%	-167.52%

* General Sector Average

Performance Comparison

IN:GREENPOWER and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GREENPOWER	Orient Green Power Company Ltd	9.36	-3.94	-29.62%
IN:DPSCLTD	India Power Corp. Ltd.	6.92	-4.19	-37.71%
IN:ENERGYDEV	Energy Development Co. Ltd.	15.40	-6.77	-30.54%
IN:GIPCL	Gujarat Industries Power Co. Ltd.	164.05	-7.05	-4.12%
IN:INDOWIND	Indowind Energy Limited	9.59	-6.59	-40.73%
IN:KARMAENG	Karma Energy Limited	34.52	-21.45	-38.32%

Orient Green Power Company Ltd Corporate Events

Orient Green Power Completes 24.6 MW Solar Expansion in Tamil Nadu

Sep 23, 2026

Orient Green Power Company Ltd, through its subsidiary Delta Renewable Energy Private Limited, has commissioned a 17.6 MW AC (24.64 MW DC) solar power project in Vandavasi and Chetpet taluks in Tamil Nadu. This addition builds on a 7 MW AC (9.8 MW DC...

CRISIL Upgrades Beta Wind Farm Rating, Strengthening Orient Green Power’s Credit Profile

Sep 16, 2026

Credit rating agency CRISIL has upgraded the long-term bank facilities of Orient Green Power’s material subsidiary, Beta Wind Farm Private Ltd, to CRISIL BBB/Stable from CRISIL BBB-/Positive. The change applies to roughly Rs 618 crore of debt, includ...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026

Orient Green Power Company Ltd AI Stock Analysis