Orient Green Power is a very volatile micro-cap stock. If you are looking for the penny stock of renewable energy then this stock can match your requirements. Orient Green Power stock has given approximately 270% return in the last 1 year. Investing in the stock can be very risky or profitable too, check the details on Orient Green Power’s share price target for 2024, 2025, and 2026.
In the last 1 year, the sock has given almost 270% return. As a result, a lot of investors are attracted to the stock mostly those who prefer to invest in penny stocks. At the start of the year 2022, lots of retail investors were also trapped because of the rally and buying the stock at a higher price and this type of movement is very common in these types of stocks.
The penny stocks are not fundamentally very strong so, so a retail investor needs to be very careful. In the post, we will analyze the Orient Green Power share price target for the years 2024, 2025, and 2026 with the help of technical, fundamental analysis, and sector analysis.
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Most retail investors are thinking that renewable energy stocks will give very high returns in the upcoming years but it is not going to be as simple as it is looking. So, plan your investments with proper rules and do not invest all the money in any sector that is hype. Do your research before making any decision.
About Orient Green Power
Orient Green Power was founded in 2006 and as of now its managing director is Mr. Thyagarajan Shivaraman. Orient Green Power is involved in the renewable power generating business. It is one of the diversified independent renewable energy producer companies in India.
Orient Green Power is involved in renewable energy generation which generates power from solar, biomass, wind, etc.
Orient Green Power also have some products and services they offer like wind power, biomass power, solar power, power purchase agreements, clean development mechanism, environmental practices, sustainable practices, etc.
Company Fundamentals
Investing in fundament stronger penny stocks is quite safe from those penny stocks that are not fundamentally strong. With the help of fundament data, you can choose a good stock of any sector r for investing.
If you want to get a good return from the renewable sector stocks, you should do a proper analysis of the sector and all the stocks that come in the sector.
In case you don’t know how to read a company’s fundamental data to know which company is best in a particular industry. From the below video, you can learn a lot about reading and understanding the company’s fundamental data.
Below are the Oreiint Green Power company’s important data like revenue growth, quarterly results, company essentials, shareholding patterns, etc. These data help investors to analyze a stock.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 18 Feb 2024.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | -₹33.18 |
| March 2020 | ₹37.05 |
| March 2021 | -₹50.71 |
| March 2022 | ₹46.55 |
| March 2023 | ₹35.10 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹9.74 |
| Mar 2023 | -₹18.97 |
| Jun 2023 | ₹9.29 |
| Sep 2023 | ₹75.00 |
| Dec 2023 | -₹20.64 |
Company Fundamentals
| Market Cap | ₹2,459Cr | ROE | 5.15% |
| P/E Ratio (TTM) | 58.30 | EPS (TTM) | 0.43 |
| P/B Ratio | 2.94 | Div Yield | 0.00% |
| Industry P/E | 21.78 | Book Value | 8.52 |
| Debt to Equity | 1.01 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 0.00% | 0.82% | 1.29% |
| DIIs | 3.58% | 2.74% | 2.73% |
| Public | 63.95% | 63.96% | 66.55% |
| Promoters | 32.48% | 32.48% | 29.42% |
| Other Holders | 0.0% | 0.0% | 0.0% |
Key Points
- Over the last 3 years, the company has given profit growth and revenue growth in the negative i.e. -54.13% and -6.20%.
- The ROE and ROCE of the company is also very low for the last 3 years.
- On the Orient Green Power company there is a Debt of Rs. 283.61 Crore.
- The company has very low cash of Rs. 0.82 Crore.
- In the Dec 2023 quarter, promoters decreased their holdings in the compnay.
Quarterly Results
In some quarters, the Orient Green Power company makes some profit and in some quarters it makes losses. As of now, in compnay is not in any phase like the growing phase.
In the Sep 2023 quarter, the compnay made a net profit of Rs. 75.00 Crore but in the Dec 2023 quarter, the company made a net loss of Rs. 20.64 Crore.
Thumb Rukes for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in one sector, if the sector faces any issue then you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Orient Green Power Share Price Target
As you can see the Orient Green Power fundaments are very weak. It is a penny stock with very weak fundamentals. As a result, the volatility in these types of low-cap stocks is very normal. If you check its shareholding pattern you’ll see the public holding is approx 66.55% in the stock. In penny stocks, during a market crash or stock crash most of the time retail investors are stuck.
In case, you are planning to invest in the stock and take risks then make sure not to invest money at once and take positions according to the technical analysis. Keep checking regularly news related to the Renewable sector, stock-related news, charts, and fundamentals.
Many things are not good for the stock/company in its fundamental data. The below-shared limits are from the past 3 years.
- ROE and ROCE are negative.
- Profit growth is negative.
- Revenue growth is also negative.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
Orient Green Power’s share price target 2024
As of now Orient Green Power stock is looking very bearish and hitting lower circuit from the last few days as of 18 Feb 2024. It can be because of the profit booking in the stock because in the last 1 year, the stock has given a massive profit. Booking profits in penny stocks is very common and regular after a massive return.
The 52-week high of the stock is Rs. 34.45 which was created on 8 Feb and after that, the stock started falling. Still, the stock is looking very bearish and can fall in the future too.
We can not give any target for these types of stocks.
Orient Green Power Share Price Target 2025
In 2025, there is some chance the stock can give some good profits but you should only take entry in the stock where you are getting it at a very high discounted price otherwise 40% – 50% correction i.e. fall in the micro-cap stocks is very normal.
in 2025 there is some chance of good profit because the Indian government is supporting green energy to reduce the population and decrease dependency on fuel.
If any good news comes for the power sector then these types of micro-cap stocks move very rapidly and can give good profits as well. But remember you should only invest when you are getting the stock at a very high discount.
Orient Green Power Share Price Target 2026
As we mentioned above Orient Green Power is a very weak fundamentally penny stock. In these types of stocks, high volatility is possible. As you can see the chart from November 2021 to January 2022.
once the stock is sustained above the resistance zone of Rs. 26.40 and forms some positive price auctions on the chart then we can see the below-mentioned targets. In case, any bad news comes or the profit and revenue growth goes more negative then we can also see a downfall in the stock. Make sure you maintain a proper stop-loss.
- Target 1: Rs. 40
- Target 2: Rs. 50
FAQs
As the stock is fundamentally very weak it is also a penny stock. So, if you have knowledge and idea about penny stock volatility and you have experience then you can plan your investments according to your analysis.
In case, if you are a safe investor and don’t want to risk your capital then you should keep away from all the fundamentally weak penny stocks.
In the renewable energy sector, only a few stocks will give good returns in the upcoming years. As of now, the stock fundamentals are very weak so, at times it is very hard to say anything about the future of the stock or company.
Yes, you can invest in green power if you have a trading and demat account.
Final Words: In the post, we shared all the fundamental data of the stock and some charts with levels too. With the help of these data, one can do his analysis if he or she has basic information of fundamentals and technical analysis. You can check Orient Green Power’s share price target for the years 2024, 2025, and 2026 which was given by Experts.