Orient Green Power Company Ltd. is a key player in the renewable energy sector in India, focusing on wind and solar power generation. As of October 15, 2024, the Orient Green Power share price is ₹20.38, reflecting a decrease of 0.39% from the previous trading session. The stock opened at ₹20.50 and has seen a trading volume of over 2.56 million shares so far today.
Orient Green Power Share Price in Today’s Market
In today’s trading session, the Orient Green Power share price reached a high of ₹20.61 and a low of ₹20.15. The current market capitalization stands at approximately ₹2,400 crore, highlighting its significant role in India’s renewable energy landscape.
Orient Green Power Financial Overview
Orient Green Power has an enterprise value of ₹2,464.29 crore and approximately 117.30 crore shares outstanding. The company’s P/E ratio is reported at 0, indicating losses, while its P/B ratio stands at 1.99. Recent financial reports indicate a sales growth rate of -7.73% and a profit growth rate of -301.06%. With cash reserves of ₹20.51 crore and total debt amounting to ₹82.43 crore, Orient Green Power faces significant financial challenges.
Orient Green Power Share Pros & Cons
Pros:
- Renewable Energy Focus: As a player in the renewable energy sector, Orient Green Power stands to benefit from government initiatives promoting green energy.
- High Promoter Holding: With promoter holding at 29.42%, there is some level of insider confidence in the company’s future prospects.
- Potential for Recovery: The company’s focus on expanding its renewable energy portfolio could lead to future growth opportunities.
Cons:
- Negative Profit Growth: A profit growth rate of -301.06% raises serious concerns regarding operational efficiency and financial health.
- Declining Sales Growth: A sales growth rate of -7.73% indicates potential challenges in revenue generation.
- High Beta: A beta of 1.01 suggests that the stock is slightly more volatile than the broader market, which can pose risks for conservative investors.
Indiahood Recommendation on Orient Green Power Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Orient Green Power Company Ltd., it is advisable to sell your position if you currently hold shares or to avoid buying until there are clearer signs of recovery in profitability and financial stability.
Conclusion
In summary, while Orient Green Power’s focus on renewable energy may present long-term potential, the severe decline in profitability and negative sales growth present substantial risks for investors. Caution is advised before making any investment decisions in this stock.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
