Multiple things here:
1/ Even after ALMM implementation, solar panel prices are expected to rise only 6-8% not more than that. Solar Panel prices are pass through to the clients. In fact, EPC cos have already locked in the low prices for next 1yr. Solar Panel Imports: Ban On Solar Panel Imports To Help Local Mfg But Increase Panel Prices | Jaipur News – Times of India
2/ Indian government has very high renewable energy targets and solar has high growth runways for next 4-5 years. This strong govt targets is bringing all the MOJO in the sector. Power sector is going to witness highest CAPEX among all sectors in next 5 years in India. And there are only handful EPC players which can execute large scale projects efficiently and within time.
3/ Oriana is not just solar EPC play. It is CBG and green hydrogen play also. India has target to setup 5000 CBG plants by 2027. Oriana won a single plant order for 56crs. This is a 250kcrs market opportunity. And there are many reports available on how big green hydrogen opportunity can be from 2026-27 onwards.
4/ Oriana has many growth levers in play with strong management execution capabilities. It is likely to deliver highest growth among peers yet trading at cheapest relative valuations.
5/ it is a highly illogical argument to make that just because a company is SME so its risky. They would be most happy to migrate to mainboard if SEBI relaxes 3yrs from ipo criteria.
H2 results presentation and concall will provide much clarity to investor community about management capabilities and their strategy/vision.
PS: its an individual decision to whether invest in a sector or not but making generic comments without much research about company fundamentals is not adding any value to anyone. And mostly investors ignore such comments
| Subscribe To Our Free Newsletter |
