Oriana Power (NSE:ORIANA) Net-Net Working Capital : ₹-38.84 (As of Mar. 2023)

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What is Oriana Power Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Oriana Power's Net-Net Working Capital for the quarter that ended in Mar. 2023 was ₹-38.84.

The industry rank for Oriana Power's Net-Net Working Capital or its related term are showing as below:

NSE:ORIANA's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 6.64
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Oriana Power Net-Net Working Capital Historical Data

The historical data trend for Oriana Power's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oriana Power Net-Net Working Capital Chart

Oriana Power Annual Data

Trend

Mar21

Mar22

Mar23

Net-Net Working Capital

-13.12

-20.72

-38.84

Oriana Power Semi-Annual Data
	Mar21	Mar22	Mar23
Net-Net Working Capital	-13.12	-20.72	-38.84

Competitive Comparison of Oriana Power's Net-Net Working Capital

For the Utilities - Renewable subindustry, Oriana Power's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oriana Power's Price-to-Net-Net-Working-Capital Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Oriana Power's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Oriana Power's Price-to-Net-Net-Working-Capital falls into.

Oriana Power Net-Net Working Capital Calculation

Oriana Power's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

	Net-Net Working Capital		(A: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(28.467	+	0.75 * 200.939	+	0.5 * 60.559	-	953.592
-	0	-	0.922)	/	19.1826
=	-38.84

Oriana Power's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

	Net-Net Working Capital		(Q: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(28.467	+	0.75 * 200.939	+	0.5 * 60.559	-	953.592
-	0	-	0.922)	/	19.1826
=	-38.84

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

Oriana Power (NSE:ORIANA) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

Oriana Power Net-Net Working Capital Related Terms

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Oriana Power (NSE:ORIANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Oriana Power Ltd (NSE:ORIANA) » Definitions » Net-Net Working Capital

Traded in Other Exchanges

N/A

Address

First Floor C-103 Sector-2, Noida Gautam Buddha Nagar, Noida, Ghaziabad, UP, IND, 201301

Website

https://www.orianapower.com

Oriana Power Ltd is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers low-carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. Under CAPEX Model it has delivered projects with a capacity exceeding 100 MWp across various locations across India.

Oriana Power (NSE:ORIANA) Headlines

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