India Power Corporation Ltd

₹ 11.6 -6.10%
01 Jul - 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:[1]
Company's business activities consists of two segments viz.,
a) Regulated Business, which consists of power distribution business (including thermal power generation which exclusively supply power for distribution business) in Asansol, West Bengal (licensed area) regulated by West Bengal Electricity Regulatory Commission
b) Non Regulated business consists of all business which are independent and has no bearing with the Regulated business.

  • Market Cap 1,125 Cr.
  • Current Price 11.6
  • High / Low 31.2 / 10.4
  • Stock P/E 69.6
  • Book Value 14.1
  • Dividend Yield 0.43 %
  • ROCE 3.02 %
  • ROE 1.07 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.82 times its book value
  • Company has been maintaining a healthy dividend payout of 25.86%

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 1.29% for last 3 years.
  • Promoters have pledged 67.24% of their holding.
  • Earnings include an other income of Rs.74.16 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
114 118 121 128 91 128 141 140 118 138 147 157
109 103 109 109 73 109 122 127 111 125 155 165
Operating Profit 5 15 13 19 18 20 19 14 7 13 -8 -9
OPM % 4% 13% 10% 15% 19% 15% 13% 10% 6% 10% -5% -5%
15 14 14 9 5 3 4 6 13 5 26 36
Interest 11 12 11 11 11 9 9 8 9 9 9 6
Depreciation 6 6 6 12 8 8 8 7 7 7 7 7
Profit before tax 3 11 9 6 4 6 6 5 4 2 2 14
Tax % 33% 36% 37% 62% 38% 36% -188% 35% 25% 25% 24% 28%
Net Profit 2 7 6 2 2 4 17 3 3 2 1 10
EPS in Rs 0.02 0.07 0.06 0.02 0.02 0.04 0.18 0.03 0.03 0.02 0.01 0.10

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
407 541 650 695 627 562 450 481 523 481 500 560
398 509 587 603 533 477 355 392 450 429 430 551
Operating Profit 9 33 63 91 95 85 95 89 74 52 69 9
OPM % 2% 6% 10% 13% 15% 15% 21% 19% 14% 11% 14% 2%
10 2 9 3 2 18 42 40 45 51 19 74
Interest 6 11 19 35 45 41 58 78 74 46 38 33
Depreciation 6 6 11 15 15 18 18 17 16 29 30 29
Profit before tax 7 17 42 45 37 44 61 35 28 28 21 22
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
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
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: 12%
Compounded Profit Growth
10 Years: 3%
5 Years: -8%
3 Years: 1%
TTM: -39%
Stock Price CAGR
10 Years: -3%
5 Years: -20%
3 Years: 5%
1 Year: -34%
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
4 97 97 158 97 97 97 97 97 97 97 158
Reserves 106 29 819 847 873 922 1,022 1,044 1,066 1,527 1,551 1,219
115 155 238 392 538 853 589 645 338 342 289 328
173 228 352 377 368 368 366 372 412 606 571 602
Total Liabilities 398 510 1,506 1,713 1,877 2,241 2,075 2,158 1,913 2,573 2,508 2,307
118 154 305 308 385 367 343 341 348 902 950 907
CWIP 4 103 16 51 18 9 15 38 68 84 22 21
Investments 5 6 7 208 318 605 322 116 107 101 102 101
271 247 1,179 1,146 1,157 1,260 1,394 1,663 1,390 1,486 1,435 1,277
Total Assets 398 510 1,506 1,713 1,877 2,241 2,075 2,158 1,913 2,573 2,508 2,307

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 43 108 131 331 132 100 114 75
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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