Power Finance Corporation Ltd
Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]
- Market Cap ₹ 1,37,961 Cr.
- Current Price ₹ 418
- High / Low ₹ 486 / 127
- Stock P/E 10.0
- Book Value ₹ 226
- Dividend Yield 2.63 %
- ROCE 9.08 %
- ROE 18.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 31.0%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.83% over past five years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Term-Lending Institutions
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 13,034 | 17,269 | 21,327 | 24,897 | 27,554 | 27,011 | 25,976 | 28,749 | 33,363 | 37,745 | 38,545 | 39,652 | 43,964 |
Interest | 8,593 | 11,052 | 13,045 | 15,444 | 16,485 | 16,433 | 16,956 | 18,988 | 21,853 | 23,194 | 22,671 | 23,283 | 26,898 |
335 | 256 | 730 | 1,080 | 2,012 | 5,470 | 3,172 | -44 | 3,315 | 4,517 | 3,676 | 2,190 | 168 | |
Financing Profit | 4,106 | 5,960 | 7,553 | 8,373 | 9,057 | 5,108 | 5,848 | 9,805 | 8,194 | 10,034 | 12,198 | 14,179 | 16,897 |
Financing Margin % | 32% | 35% | 35% | 34% | 33% | 19% | 23% | 34% | 25% | 27% | 32% | 36% | 38% |
4 | 13 | 10 | 11 | 10 | 7 | 4 | 17 | 7 | 185 | 43 | 11 | 8 | |
Depreciation | 5 | 6 | 5 | 6 | 6 | 6 | 6 | 6 | 9 | 11 | 13 | 19 | 18 |
Profit before tax | 4,104 | 5,967 | 7,558 | 8,378 | 9,061 | 5,110 | 5,845 | 9,816 | 8,193 | 10,207 | 12,228 | 14,171 | 16,887 |
Tax % | 26% | 26% | 28% | 29% | 33% | 58% | 25% | 29% | 31% | 17% | 18% | 18% | |
3,032 | 4,420 | 5,418 | 5,959 | 6,113 | 2,126 | 4,387 | 6,953 | 5,655 | 8,444 | 10,022 | 11,605 | 13,724 | |
EPS in Rs | 9.19 | 13.39 | 16.42 | 18.06 | 18.52 | 6.44 | 13.29 | 21.07 | 17.14 | 25.59 | 30.37 | 35.17 | 41.58 |
Dividend Payout % | 26% | 21% | 22% | 20% | 30% | 62% | 47% | 0% | 44% | 31% | 32% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 6% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 21% |
3 Years: | 27% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 37% |
3 Years: | 65% |
1 Year: | 217% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 17% |
3 Years: | 18% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,320 | 1,320 | 1,320 | 1,320 | 1,320 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 3,300 |
Reserves | 19,388 | 22,256 | 26,055 | 30,899 | 34,446 | 33,830 | 34,316 | 40,648 | 42,524 | 49,753 | 56,710 | 65,562 | 71,145 |
110,126 | 139,473 | 159,215 | 187,773 | 200,484 | 202,588 | 236,785 | 295,239 | 310,275 | 332,959 | 327,434 | 370,368 | 394,548 | |
4,742 | 6,180 | 7,574 | 8,672 | 10,386 | 19,403 | 6,168 | 6,199 | 6,348 | 6,732 | 7,626 | 6,263 | 7,084 | |
Total Liabilities | 135,575 | 169,229 | 194,164 | 228,664 | 246,637 | 258,461 | 279,908 | 344,726 | 361,787 | 392,084 | 394,410 | 444,833 | 476,077 |
76 | 74 | 71 | 66 | 64 | 63 | 27 | 28 | 68 | 73 | 80 | 78 | 87 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 0 |
Investments | 59 | 161 | 352 | 851 | 2,677 | 3,591 | 2,520 | 16,586 | 16,473 | 15,974 | 16,084 | 17,304 | 18,137 |
135,439 | 168,993 | 193,741 | 227,747 | 243,895 | 254,808 | 277,361 | 328,111 | 345,246 | 376,038 | 378,246 | 427,439 | 457,853 | |
Total Assets | 135,575 | 169,229 | 194,164 | 228,664 | 246,637 | 258,461 | 279,908 | 344,726 | 361,787 | 392,084 | 394,410 | 444,833 | 476,077 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-26,997 | -25,089 | -22,170 | -21,462 | -13,339 | 2,087 | -24,708 | -44,500 | -8,486 | -17,515 | 6,919 | -35,741 | |
-42 | -93 | -190 | -472 | -1,856 | -475 | 1,428 | -13,820 | 16 | 881 | -211 | -714 | |
26,676 | 27,947 | 17,671 | 26,894 | 10,203 | 1,475 | 23,775 | 58,092 | 8,343 | 20,169 | -9,705 | 35,756 | |
Net Cash Flow | -362 | 2,765 | -4,689 | 4,961 | -4,991 | 3,087 | 495 | -228 | -128 | 3,535 | -2,997 | -699 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 17% | 20% | 21% | 20% | 18% | 6% | 12% | 17% | 13% | 17% | 18% | 18% |
Documents
Announcements
- Update on board meeting 10h
- Intimation Of Board Meeting Pursuant To SEBI (LODR) Regulations, 2015 11h
- Investor Meet For Analyst/Investors On Wednesday, May 15, 2024 6 May
- Board Meeting Intimation for Intimation Of Board Meeting Pursuant To SEBI (LODR) Regulation, 2015 2 May
- Compliance Certificate Under Regulation 40(9) Read With Regulation 40(10) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended On 31.03.2024. 12 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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Jun 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Jun 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Aug 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Sep 2018TranscriptPPT
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May 2018TranscriptPPT
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Mar 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Nov 2016TranscriptPPT
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May 2016TranscriptPPT
Products & Services
The company finances infrastructure projects in the Indian Power sector. Its products include:
A) Fund-Based Products: Project Term loans, Lease financing for the purchase of equipment, Short/Medium Term loans to equipment manufacturers, Debt refinancing, etc.
B) Non-Fund Based Products: Deferred payment guarantee, Letter of Comfort (LoC), Policy for a guarantee of credit enhancement, etc. [1]