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Oriana Power

Listed EPC / O&M — per-stock model.

As of 21 Aug 2026
EPC / O&M
CMP 1,192NSE: ORIANA

Latest concall

Q4 FY26 · 28 May 2026
  • Won ~Rs1,200cr Maithon Dam floating solar (Jharkhand), among world's largest floating solar plants.
  • FY26 revenue Rs1,814cr up ~84%; PAT Rs252cr; delivered 835+MW solar and 1,000+MWh BESS.
  • Order book ~Rs7,000cr spanning solar EPC, fast-growing BESS and green-fuel opportunities.
  • Q4 slipped to tiny net loss; margins hit by commodity inflation, FX and project delays.
Order-book execution

Rs7,000cr order book targeted for execution over FY27-FY28.

Management guidance
  • Rs7,000cr book gives revenue visibility across FY27-FY28.
  • Scaling BESS portfolio and green hydrogen/green-fuel pipeline.
  • Actis strategic-stake transaction deferred, a key overhang to watch.

Q4/FY26 results & concall 28-May-2026; tradebrains.in, univest.in, scanx.trade

Order book

₹7,000cr

Revenue FY26E

1,814₹ cr

EBITDA margin

22%

P/E

9.6×

Financials

Annual · ₹ crore · E = estimate.

Annual financials

₹ crore · FY25 → FY28E

PeriodRevenueEBITDAEBITDA %PATGross %ROE %ROCE %CapexNet debtEPS ₹WC days
FY202129.0%121.4
FY2134310.0%12.4
FY221241210.0%711.3
FY231351914.0%1115.7
FY243838121.0%5428.3
FY2598723524.0%15978.0
FY261,81439822.0%252124.2
Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Revenue, EBITDA & margin

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Quarterly

₹ crore · recent quarters.

Quarterly financials

₹ crore

QuarterRevenueEBITDAEBITDA %PATPAT %
Q2FY24641118.0%69.4%
Q4FY243196922.0%4915.4%
Q2FY253607521.0%4913.6%
Q4FY2562815925.0%11017.5%
Q2FY2678118023.0%12215.6%
Q4FY261,03221821.0%13012.6%
Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Revenue & margin trend

Bars ₹cr (left) · margin % (right)

Source Market data (mid-2026) + company filings· As of 21 Aug 2026

Valuation

As of 21 Aug 2026

P/E

9.6×

EV / EBITDA

7.4×

P/B

3.2×

Operating metrics

What the rest of the dashboard tracks for Oriana Power — capacity, auctions, offtake, manufacturing and returns.

200 MW
Auctions won
2 auctions

Auctions won

From the maintained auction feed

Tenders
DateAgencyTypeMW₹/kWhSource
4 Jun 2026SECISolar + BESS1003.12source
20 Feb 2026SECISolar + BESS1003.12source

Operating & order mix

Unit economics and the order book.

Shareholding

% · as of 31 Mar 2026

Shareholding pattern

%

Source Market data (mid-2026) + company filings· As of 21 Aug 2026