In this article, we’ll try to explore Orient Green Power share price target 2024,2025,2026,2030 its business strategy, product, fundamentals, and various initiatives taken by the company to grow its revenue.
Additionally, in the small-cap renewable power sector stock looks to have great potential to generate strong revenue due to the Government initiative and long-term target.
Furthermore, we’ll discuss necessary key points in depth to understand insights into renewable energy stock.
All these points will give you more understanding about the company.
Let’s come to understand Orient Green Power’s share price target 2024,2025,2026, and 2030. To read more, stay continue!
Orient Green Power Overview
Orient Green Power is India’s leading wind power producer company. The company primarily focuses on generating, operating, and owning diversified Wind Energy Power plants.
As of March 21, The Renewable Energy sector stock has installed an operational capacity of 417 MW Wind generators.
In addition, The Board of Orient Green has approved a capacity expansion plan to achieve the install capacity of 1 GW target.
Headquartered in Chennai, Tamil Nadu, the Key management of the company is well-qualified and experienced including the managing director and CEO Mr. T. Shivraman, and CFO Ms. J.Kotteswar.
Orient Green Power Financials
Orient Green Power reported its December quarter number with strong net profit.
Revenue and Net Profit for Q2 FY24 (September 2023)
The company posted a 13.43 per cent rise in its consolidated revenue to Rs 122.30 crore against Rs 107.82 crore in corresponding quarter year ago time frame.
Operating profit for the same period at Rs while profit after tax of the company increased by 121.51 per cent to Rs 74.96 crore compared to Rs 33.84 crore in the same quarter previous year.
Orient Green Power Fundamentals
| Particulars | Value |
|---|---|
| Market Cap | 2,295 crore |
| RoE | 1.82 |
| RoCE | 7 |
| EPS | 0.43 |
| Book Value | 8.52 |
| Debt to Equity | 1.01 |
| Dividend Yield | 0.00 |
| Stock P/E | 78.9 |
| Industry P/E | 26.2 |
| Face Value | 10 |
| Current Price | 23.4 |
| 52-Week High/Low | 34.6/7.09 |
Orient Green Power Share Price Target Table
| Years | First Target | Second Target |
|---|---|---|
| Orient Green Power Share Price Target 2024 | 28 | 30 |
| Orient Green Power Share Price Target 2025 | 35 | 38 |
| Orient Green Power Share Price Target 2026 | 45 | 47 |
| Orient Green Power Share Price Target 2027 | 56 | 50 |
| Orient Green Power Share Price Target 2028 | 70 | 74 |
| Orient Green Power Share Price Target 2030 | 95 | 98 |
Orient Green Power Share Price Target 2024
Orient Green Power, emerged as a rapidly growing company in the renewable energy wind power generation.
The company benefited from growing demand for electricity and government support.
The revenue from operation amounted to Rs 258 crore in FY23 down by 17 per cent from Rs 311 crore during FY 22. Due to lower wind availability affected revenue in the year.
The company operating profit 66 per cent decreased in FY 23 from 72 per cent during FY 22.
The facts show, companies focus on expansion to generate more wind energy and increase capacity to cater client demand.
Therefore, we look for more upside potential in shares of Orient Green Power in 2025 to reach at Rs 28 while higher share price target to be Rs 30.
Also Read Borosil Renewables Share Price Target
Orient Green Power Share Price Target 2025
Renewable energy company, Orient Green Power earns its revenue from sale of power and little part of trading through REC.
The company revenue comes from sales of power over 93 per cent in fiscal FY23 whereas 83 per cent in the year ago time frame and its revenue from REC & other segment 7 per cent in fiscal FY23.
The company also generates revenue from domestic 86 per cent and remaining 14 per cent from the global market.
In addition, the company takes strong steps to expand its presence in India as well as the international market.
The Board of company has approved a capacity expansion plan to achieve the installed capacity of 1 GW target.
All this, research and analysis enable us to predict the initial share price target of Orient green will reach to Rs35 and maximum price target to be Rs38.
Orient Green Power Share Price Target 2026
Founded in the year 2006, Orient Green Power is a leading renewable power generating company. It focuses on the wind and biomass power generation sector.
The government of India is highly focused on renewable power segments and has taken more initiative to boost the renewable energy sector.
The government targets to increase renewable energy capacity from 145.2 GW in 2021 to 175 GW in 2022.
The government has also set a target by 2030 of 500 GW renewable energy and out of this 140 GW from wind energy.
Additionally, it reminds us of higher growth possibilities in future. So we look for initial growth in share price target of Orient Green Power will reach to Rs 45 while next target price reach at Rs 47.