bullish

OPG Power Ventures - Positive FY21 results

1.2k Views30 Sep 2021 17:02
Issuer-paid
SUMMARY

OPG Power Ventures reported a strong year in profit and cash generation despite COVID shutdowns and lower power consumption in India. A significant increase in the coal price is providing a headwind. The strong financial position and captive model provide confidence, while the historical valuation (last three-year average P/E of 3.7x and EV/EBITDA of 1.9x) is compelling.

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