Diamond Power Infrastructure Ltd

Diamond Power Infrastructure Ltd

₹ 676 2.00%
24 Apr 2:07 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 3,564 Cr.
  • Current Price 676
  • High / Low 716 / 22.1
  • Stock P/E
  • Book Value 20.1
  • Dividend Yield 0.00 %
  • ROCE -28.7 %
  • ROE -144 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 35.6 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.8% over past five years.
  • Company has a low return on equity of -59.8% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017
617 486 509 502 496 708 347 343 250 192 201 198 105
579 670 456 470 498 838 343 470 477 496 221 206 117
Operating Profit 38 -184 53 31 -2 -130 4 -127 -227 -304 -20 -8 -12
OPM % 6% -38% 10% 6% -0% -18% 1% -37% -91% -158% -10% -4% -12%
-29 11 3 1 1 10 1 8 94 22 1 2 7
Interest 32 55 30 52 45 68 66 62 33 22 2 1 1
Depreciation 6 19 12 14 14 17 23 23 23 25 24 24 24
Profit before tax -29 -247 14 -34 -60 -204 -84 -204 -190 -330 -45 -31 -30
Tax % -2% 7% 33% 35% 12% 0% 0% 0% 0% 4% 0% 0% 0%
-30 -230 9 -22 -53 -206 -85 -204 -213 -306 -47 -31 -30
EPS in Rs -5.49 -42.67 1.71 -3.86 -9.30 -36.06 -14.97 -29.62 -30.89 -11.33 -1.73 -1.15 -1.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 TTM
528 693 860 1,521 2,004 2,563 3,153 2,778 2,235 1,131 696
461 604 743 1,335 1,781 2,331 2,871 2,715 2,242 1,778 1,041
Operating Profit 66 90 117 185 224 232 282 63 -8 -647 -344
OPM % 13% 13% 14% 12% 11% 9% 9% 2% -0% -57% -49%
2 2 1 1 3 15 8 -15 15 125 32
Interest 15 22 24 27 53 92 123 177 235 191 26
Depreciation 3 5 7 20 25 34 36 51 58 94 97
Profit before tax 51 64 87 140 149 121 131 -179 -286 -808 -435
Tax % 10% 12% 29% 21% 16% 14% 15% -3% 5% 2%
46 56 62 110 126 104 111 -184 -273 -805 -413
EPS in Rs 14.63 22.26 25.31 20.98 20.54 -34.15 -47.86 -29.84 -15.31
Dividend Payout % 0% 4% 9% 10% 12% 4% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -11%
3 Years: -29%
TTM: -58%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 46%
Stock Price CAGR
10 Years: 25%
5 Years: 251%
3 Years: 908%
1 Year: %
Return on Equity
10 Years: %
5 Years: -30%
3 Years: -60%
Last Year: -144%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Sep 2017
Equity Capital 23 21 28 37 37 37 54 54 57 270 270
Reserves 111 198 283 509 617 716 932 756 565 385 273
Preference Capital 0 0 0 0 0 0 4 4 0 0
165 235 312 466 758 1,215 1,353 2,014 2,207 1,606 1,596
25 61 157 176 326 540 616 328 544 194 189
Total Liabilities 323 515 781 1,188 1,738 2,508 2,956 3,152 3,373 2,455 2,328
24 56 99 264 358 332 514 459 1,339 1,246 1,198
CWIP 40 90 107 150 208 390 445 694 133 137 137
Investments 5 1 1 7 7 17 19 12 17 7 7
253 369 575 767 1,165 1,769 1,978 1,987 1,884 1,065 985
Total Assets 323 515 781 1,188 1,738 2,508 2,956 3,152 3,373 2,455 2,328

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
7 -20 -25 -23 -119 119 -362 -140 -258
-84 -67 -2 -182 -197 -260 -192 -102 49
82 95 27 226 356 138 554 248 210
Net Cash Flow 5 9 -0 21 39 -3 -0 7 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Debtor Days 62 48 64 56 48 66 38 75 128 113
Inventory Days 70 92 101 102 136 147 160 158 140 127
Days Payable 12 28 51 33 54 75 19 27 71 13
Cash Conversion Cycle 120 112 114 126 130 138 179 206 198 228
Working Capital Days 151 149 164 111 119 126 118 201 212 284
ROCE % 23% 21% 20% 17% 13% 12% 1% -2% -29%

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.

Click on the line-items to see the names of individual entities.

Documents

Concalls