PACRA Maintains the Entity Ratings of Orient Energy Systems (Pvt) Limited

Orient Energy Systems (Pvt) Limited (“the Company” or “OES”) maintains a strong legacy as a comprehensive provider of power generation equipment, renewable energy solutions, and a wide range of industrial support services. The Company’s diverse product portfolio includes the sale of imported supplies such as generators, solar panels, wind turbines, heavy machinery, lubricants, and building services equipment. OES is also widely recognized for its robust after-sales support, offering spare parts and technical assistance to its clientele. As an authorized dealer of globally renowned generator and equipment manufacturers, OES has cemented its reputation as a reliable and dependable player in the engineering sector, particularly in the South region of Pakistan with a strong foothold in the industrial segment. As of the nine-month period ended March 2025, OES reported Net Revenues of PKR ~7,181 million, indicating continued business growth from 3QFY24 revenue of PKR ~6,305 million. Net margins improved to 2.1% in 3QFY25, up from 1.7% in the same period last year, signaling better operational efficiency. In response to the growing demand for sustainable energy, OES has expanded its business into renewable energy solutions by offering solar and wind power systems. These services are supported by a team of experienced engineers who provide end-to-end project services, including installation, testing, commissioning, operations and maintenance (O&M), repair, troubleshooting, overhauling, and broader project management capabilities. The Company’s capital structure continues to reflect moderate leverage, providing financial flexibility for future expansion. Despite macroeconomic challenges and a slowdown in industrial growth that may affect the import of equipment and parts, OES has mitigated these risks through prudent inventory management and strategic diversification into turnkey energy solutions and services along with provision of imports and services at the exchange rate prevailing on the day of delivery into Pakistan. The Company and its sponsors are proactively exploring new opportunities within the power and industrial engineering domains to sustain their market and long-term operational viability. With its seasoned leadership, a qualified engineering team, a loyal customer base, and a proven ability to adapt to evolving market dynamics, OES remains well-positioned as a trusted provider of integrated energy and industrial solutions in Pakistan.
The assigned ratings draw strength from OES’s experienced sponsors, long-standing operational history, and strategic ownership under ASJN Holdings (Pvt.) Limited. The sponsors have been active in the power sector since 1996, with investments in related entities like Orient Rental Mudaraba and Orient Oil Limited. The Company holds a strong market position in the niche Engineering and Technology services industry, serving infrastructure, industrial, and renewable energy sectors. OES has built a strong reputation for tailored engineering solutions and after-sale support. Its technical capability is backed by a qualified workforce and strong customer relationships.

About the Entity
Established as a partnership in 1996, Orient Energy Systems (Pvt.) Limited was incorporated in 2010 and later became a wholly owned subsidiary of ASJN Holdings (Pvt.) Limited in 2015. The Company has steadily expanded into new verticals including EPC, construction equipment, and turnkey industrial solutions. OES operates in a niche sector with limited competitors and benefits from exclusive dealership arrangements with globally recognized manufacturers. The Company’s market credibility is reinforced by long-term customer relationships and a sustained focus on engineering excellence.