Orient Green Power Company Limited (GREENPOWER.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+130.6%

₹19.95

vs ₹8.65 price

Levered DCF

₹21.11

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.63×	37.03×	47.74×	20.84×	25.98×	-2.52×	4.77×	-5.82×
P/B	0.82×	1.34×	2.23×	1.3×	1.59×	0.32×	0.18×	0.62×
P/S	3.22×	5.46×	6.78×	2.63×	2.51×	0.57×	0.29×	0.95×
EV / EBITDA	7.33×	9.53×	12.14×	7.83×	7.84×	8.3×	5.35×	6.9×
Gross margin	45.6%	79.8%	84.8%	42.8%	83.4%	80.0%	83.0%	44.9%
Operating margin	33.0%	32.6%	35.6%	33.6%	43.7%	28.6%	42.5%	36.8%
Net margin	23.6%	14.7%	14.1%	13.1%	11.3%	-22.6%	7.1%	-15.1%
Current ratio	2.07×	2.24×	1.08×	1.03×	0.99×	0.68×	0.88×	0.8×
Debt / equity	0.45×	0.51×	0.96×	2.08×	2.53×	2.96×	2.68×	3.04×
Interest coverage	1.69×	1.19×	1.15×	0.8×	1.12×	0.53×	0.89×	0.62×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.0%	3.6%	4.6%	6.5%	7.1%	-12.6%	4.5%	-9.9%
Return on invested capital	5.6%	5.1%	5.9%	5.4%	7.9%	4.1%	7.0%	5.7%
Return on assets	4.0%	2.3%	2.3%	2.0%	1.9%	-3.0%	1.1%	-2.2%
Free cash flow yield	-2.9%	11.0%	13.2%	32.1%	28.0%	127.9%	284.7%	85.0%
Earnings yield	7.3%	2.7%	2.1%	5.0%	4.5%	-39.4%	24.8%	-15.9%
Enterprise value	₹13.4B	₹18.3B	₹24.4B	₹17.6B	₹20.1B	₹14.8B	₹14.6B	₹18.1B
Net debt / EBITDA	2.18×	2.04×	3.4×	4.8×	4.8×	7.49×	5.01×	5.73×
Cash conversion cycle (days)	94	133	117	157	100	17	30	55