Diamond Power Infrastructure Ltd

Diamond Power Infrastructure Ltd

₹ 718 2.00%
29 Apr 4:01 p.m.
About

Diamond Power Infrastructure Limited is engaged in the business of manufacturing of Transmission & distribution of power products & services in India.[1]

Key Points

History
Diamond Power Infrastructure Ltd was incorporated in the year 1970, as a conductor manufacturing company.
From 1995 to 2006, they set up an LV Cables Manufacturing Unit, Aluminum Road Mill, EPC Business.
In 2007, Company acquired Western Transformers and also acquired a substantial stake in Apex Electricals Limited.
In 2010, Company made a Capacity Expansion of LV & HV Cables Unit 2011 - Setup EHV Cables manufacturing up to 550 kV and Setup a Transmission Tower unit.
In 2012, the company acquired strategic stakes in Utkal Galvanizers and Maktel Control & Systems, acquired a controlling stake in Danke Controls, commenced production of Power Transformers and control & relay panels, and Successfully commissioned 6.3 MW of wind energy at Jamanwada, Kutch.
In 2013, the company acquired a strategic stake in M/s Maktel Control & Systems, India’s leading power and control panel manufacturer, and Successfully established Ultra High Voltage Cable Testing Laboratory, a first of its kind in India having a capability of 500 kV capacity.
In 2014, the company successfully commissioned the first phase of an ambitious expansion program for 3000 km of MV cables and achieved 50,000 MTPA capacity of conductors in February 2014.
In 2015, the company made a rejuvenation of the product brand to Dicabs. [1]

  • Market Cap 3,782 Cr.
  • Current Price 718
  • High / Low 760 / 22.1
  • Stock P/E
  • Book Value -184
  • Dividend Yield 0.00 %
  • ROCE -11.4 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Promoter holding has increased by 84.1% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • Company has high debtors of 155 days.

* 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: Cables Industry: Cables - Power

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Jun 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
200.78 198.22 105.03 0.05 -0.00 -0.00 -0.00 -0.00 1.35 14.11 74.45 74.55 59.96
221.22 205.83 117.31 0.97 0.68 0.77 1.09 4.88 12.72 20.43 63.05 64.21 56.95
Operating Profit -20.44 -7.61 -12.28 -0.92 -0.68 -0.77 -1.09 -4.88 -11.37 -6.32 11.40 10.34 3.01
OPM % -10.18% -3.84% -11.69% -1,840.00% -842.22% -44.79% 15.31% 13.87% 5.02%
1.17 1.59 7.29 -0.00 -0.00 -0.00 -0.00 0.04 0.02 0.21 0.07 -1.06 -1.44
Interest 1.53 0.98 0.82 -0.00 -0.00 6.92 -0.00 0.03 0.17 0.45 1.23 2.19 2.13
Depreciation 23.90 23.90 23.90 -0.00 -0.00 15.70 3.93 3.93 3.93 7.06 4.72 4.72 4.72
Profit before tax -44.70 -30.90 -29.71 -0.92 -0.68 -23.39 -5.02 -8.80 -15.45 -13.62 5.52 2.37 -5.28
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
-44.70 -30.90 -29.70 -0.92 -0.68 -23.39 -5.02 -8.79 -15.45 -13.62 5.52 2.37 -5.28
EPS in Rs -1.66 -1.15 -1.10 -0.03 -0.03 -0.87 -0.19 -1.67 -2.93 -2.58 1.05 0.45 -1.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023 TTM
601 724 1,267 1,740 2,126 2,674 2,369 2,045 1,131 -0 -0 15 223
517 626 1,106 1,547 1,907 2,412 2,252 2,055 1,778 2 3 39 205
Operating Profit 83 98 162 193 219 262 117 -11 -647 -2 -3 -24 18
OPM % 14% 14% 13% 11% 10% 10% 5% -1% -57% -5,560% -153% 8%
1 1 1 3 6 7 -20 7 125 0 0 0 -2
Interest 22 24 25 49 86 112 159 223 191 6 7 1 6
Depreciation 5 6 19 24 33 35 48 57 94 16 16 19 21
Profit before tax 58 70 120 123 107 122 -110 -284 -808 -24 -25 -43 -11
Tax % 9% 27% 18% 12% 14% 15% -5% 5% 2% -0% -0% -0%
53 51 98 108 92 104 -116 -269 -795 -24 -25 -43 -11
EPS in Rs 19.68 21.85 18.56 19.25 -21.43 -47.26 -29.47 -0.89 -0.94 -8.14 -2.08
Dividend Payout % 4% 8% 11% 14% 4% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -39%
5 Years: %
3 Years: %
TTM: 16424%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 84%
Stock Price CAGR
10 Years: 26%
5 Years: 258%
3 Years: 928%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 21 28 37 37 37 54 54 57 270 270 270 53 53
Reserves 193 266 479 570 665 867 751 564 387 -866 -891 -1,033 -1,025
Preference Capital -0 -0 -0 -0 -0 4 4 -0 -0 -0 -0 -0
231 312 443 696 1,131 1,272 1,888 2,206 1,605 1,977 1,978 367 344
56 144 156 293 511 551 275 544 194 611 623 2,019 2,085
Total Liabilities 501 750 1,115 1,596 2,344 2,744 2,968 3,371 2,456 1,992 1,980 1,407 1,457
53 96 249 345 319 489 437 1,339 1,246 1,103 1,087 1,070 1,250
CWIP 87 96 150 208 387 442 679 125 128 188 188 188 -0
Investments 5 5 17 17 17 17 17 17 17 12 12 -0 -0
356 554 699 1,025 1,622 1,795 1,835 1,889 1,065 689 692 149 207
Total Assets 501 750 1,115 1,596 2,344 2,744 2,968 3,371 2,456 1,992 1,980 1,407 1,457

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
1 -34 -5 -25 -123 106 -322 -148 -254 4 9 -1,953
-78 -57 -228 -157 -174 -259 -179 -102 45 -0 -1 20
83 100 249 191 341 152 500 260 210 -4 -6 1,936
Net Cash Flow 6 8 16 9 44 -1 -1 10 1 -0 2 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 70 55 42 69 32 79 140 113 155
Inventory Days 104 116 118 147 171 182 181 153 127 1,354
Days Payable 31 27 21 58 89 18 25 77 13 571
Cash Conversion Cycle 124 160 151 130 150 196 234 216 228 939
Working Capital Days 167 191 120 118 137 126 224 231 281 2,265
ROCE % 22% 18% 18% 15% 12% 12% 3% -2% -29% -1% -11%

Shareholding Pattern

Numbers in percentages

Sep 2017Dec 2017Mar 2018Jun 2018Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
11.41% 11.41% 11.41% 11.41% 11.41% 11.41% 11.41% 11.41% 11.41% 11.41% 11.41% 95.47%
2.98% 2.58% 2.10% 1.77% 0.77% 0.77% 0.77% 0.77% 0.77% 0.77% 0.77% 0.03%
70.74% 70.73% 70.21% 69.87% 66.70% 66.65% 66.65% 66.65% 66.65% 66.65% 57.91% 0.00%
14.87% 15.28% 16.28% 16.96% 21.11% 21.17% 21.17% 21.17% 21.17% 21.17% 29.92% 4.51%
No. of Shareholders 23,25223,15024,18624,28823,14023,14023,13823,13623,13718,65518,06417,569

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls