India Power Corporation Ltd

₹ 13.2 0.38%
02 Dec - close price
About

Incorporated in 1919, India Power Corporation Ltd is engaged in business of Power Distribution, Renewable Power Generation and Smart Grid.

Key Points

Business Overview
IPCL is among the top 10 power distribution companies in India. [1] The company's business activities consist of two segments viz.,
a) Regulated Business (96%), which consists of power distribution business (including thermal power generation which exclusively supplies power for distribution business) in Asansol, West Bengal (licensed area) regulated by West Bengal Electricity Regulatory Commission
b) Non-Regulated business (4%), consists of all business that is independent and has no bearing with the Regulated business. [2]

  • Market Cap 1,290 Cr.
  • Current Price 13.2
  • High / Low 27.1 / 10.4
  • Stock P/E 70.6
  • Book Value 13.9
  • Dividend Yield 0.38 %
  • ROCE 2.56 %
  • ROE 0.67 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.95 times its book value
  • Company has been maintaining a healthy dividend payout of 25.9%
  • Company's working capital requirements have reduced from 102 days to 74.4 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.46% over past five years.
  • Company has a low return on equity of 1.15% over last 3 years.
  • Promoters have pledged 67.2% of their holding.
  • Earnings include an other income of Rs.120 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
117.92 121.21 128.09 90.58 128.04 140.93 140.20 117.80 138.47 147.23 156.54 143.71 158.27
102.70 108.60 109.27 73.04 108.53 122.10 126.68 110.82 125.03 155.00 165.05 156.53 160.63
Operating Profit 15.22 12.61 18.82 17.54 19.51 18.83 13.52 6.98 13.44 -7.77 -8.51 -12.82 -2.36
OPM % 12.91% 10.40% 14.69% 19.36% 15.24% 13.36% 9.64% 5.93% 9.71% -5.28% -5.44% -8.92% -1.49%
13.61 13.57 9.23 5.36 3.09 3.89 6.27 12.98 4.70 25.68 36.15 34.58 23.70
Interest 12.36 11.44 10.62 11.46 9.32 9.14 7.79 8.68 8.86 9.01 6.43 10.23 9.16
Depreciation 5.78 5.80 11.78 7.59 7.50 7.55 7.05 7.12 7.20 7.21 7.13 7.22 7.24
Profit before tax 10.69 8.94 5.65 3.85 5.78 6.03 4.95 4.16 2.08 1.69 14.08 4.31 4.94
Tax % 36.48% 36.80% 61.95% 37.92% 36.33% -187.89% 34.55% 25.00% 25.00% 23.67% 27.63% 26.22% 26.32%
Net Profit 6.78 5.64 2.15 2.38 3.67 17.37 3.23 3.12 1.56 1.28 10.19 3.18 3.64
EPS in Rs 0.07 0.06 0.02 0.02 0.04 0.18 0.03 0.03 0.02 0.01 0.10 0.03 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
407 541 650 695 627 562 450 481 523 481 500 560 606
398 509 587 603 533 477 355 392 450 429 430 501 637
Operating Profit 9 33 63 91 95 85 95 89 74 52 69 59 -31
OPM % 2% 6% 10% 13% 15% 15% 21% 19% 14% 11% 14% 11% -5%
10 2 9 3 2 18 42 40 45 51 19 24 120
Interest 6 11 19 35 45 41 58 78 74 46 38 33 35
Depreciation 6 6 11 15 15 18 18 17 16 29 30 29 29
Profit before tax 7 17 42 45 37 44 61 35 28 28 21 22 25
Tax % 24% 32% 35% 35% 34% 27% 36% 38% 33% 41% -29% 27%
Net Profit 6 12 28 29 24 32 39 21 19 17 27 16 18
EPS in Rs 0.06 0.12 0.28 0.30 0.25 0.33 0.40 0.22 0.19 0.17 0.27 0.17 0.18
Dividend Payout % 7% 41% 18% 17% 20% 15% 12% 23% 26% 29% 18% 30%
Compounded Sales Growth
10 Years: 0%
5 Years: 4%
3 Years: 2%
TTM: 13%
Compounded Profit Growth
10 Years: -2%
5 Years: -16%
3 Years: -13%
TTM: -28%
Stock Price CAGR
10 Years: -2%
5 Years: -18%
3 Years: 11%
1 Year: -51%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4 97 97 158 97 97 97 97 97 97 97 97 97
Reserves 106 29 819 847 873 922 1,022 1,044 1,066 1,527 1,551 1,280 1,257
115 155 238 392 538 853 589 645 338 342 299 328 298
173 228 352 377 368 368 366 372 412 606 561 602 678
Total Liabilities 398 510 1,506 1,713 1,877 2,241 2,075 2,158 1,913 2,573 2,508 2,307 2,331
118 154 305 308 385 367 343 341 348 902 950 907 892
CWIP 4 103 16 51 18 9 15 38 68 84 22 21 24
Investments 5 6 7 208 318 605 322 116 107 101 102 101 74
271 247 1,179 1,146 1,157 1,260 1,394 1,663 1,390 1,486 1,435 1,277 1,340
Total Assets 398 510 1,506 1,713 1,877 2,241 2,075 2,158 1,913 2,573 2,508 2,307 2,331

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
70 7 -4 152 36 25 136 63 139 94 33 -2
-139 -57 -63 -257 -126 -245 307 -7 254 -19 9 -15
99 28 54 110 92 222 -448 -54 -397 -36 -84 15
Net Cash Flow 30 -22 -13 5 2 3 -5 2 -4 39 -42 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 54 41 40 48 45 60 48 42 36 49 45 54
Inventory Days
Days Payable
Cash Conversion Cycle 54 41 40 48 45 60 48 42 36 49 45 54
Working Capital Days 14 12 31 33 43 108 131 331 132 100 132 74
ROCE % 6% 12% 8% 6% 6% 5% 5% 6% 6% 4% 3% 3%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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