India Power Corporation Ltd

India Power Corp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

India Power Corporation Ltd

₹ 13.9 -1.76%
11 Jul - close price
Company website NSE: DPSCLTD
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 9M FY24
The company is among the strongest players in West Bengal and the best-performing discoms in the country. [1]

The company's business activities consist of two segments viz.,
a) Regulated Business (93%), which consists of a 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 (7%), consists of all business that is independent and has no bearing with the Regulated business. [2]

Website NSE
  • Market Cap ₹ 1,356 Cr.
  • Current Price ₹ 13.9
  • High / Low ₹ 23.8 / 10.5
  • Stock P/E 194
  • Book Value ₹ 9.04
  • Dividend Yield 0.36 %
  • ROCE 3.17 %
  • ROE 0.74 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 42.8%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.22% over past five years.
  • Company has a low return on equity of 1.27% over last 3 years.
  • Promoters have pledged or encumbered 67.3% of their holding.
  • Earnings include an other income of Rs.141 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.

Peer comparison

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
148.66 165.55 148.80 160.08 178.76 165.21 143.46 162.26 171.67 152.92 159.06 136.72 163.67
161.48 167.68 145.93 155.47 164.00 158.70 130.92 153.97 163.80 148.77 150.44 228.47 157.90
Operating Profit -12.82 -2.13 2.87 4.61 14.76 6.51 12.54 8.29 7.87 4.15 8.62 -91.75 5.77
OPM % -8.62% -1.29% 1.93% 2.88% 8.26% 3.94% 8.74% 5.11% 4.58% 2.71% 5.42% -67.11% 3.53%
34.26 23.39 17.47 20.21 7.04 14.10 9.13 16.07 13.11 15.90 10.75 102.73 12.06
Interest 10.24 9.17 8.76 9.76 9.54 8.38 7.80 7.12 7.84 6.70 6.30 6.34 4.41
Depreciation 7.22 7.24 7.22 7.36 8.33 8.12 8.48 8.51 8.76 8.87 8.90 8.99 8.96
Profit before tax 3.98 4.85 4.36 7.70 3.93 4.11 5.39 8.73 4.38 4.48 4.17 -4.35 4.46
Tax % 28.39% 26.80% 28.67% 17.79% 30.03% 29.68% 26.16% 13.40% 29.45% 29.69% 36.45% -57.01% 31.84%
2.84 3.55 3.12 6.33 2.75 2.89 3.98 7.56 3.10 3.15 2.65 -1.87 3.05
EPS in Rs 0.03 0.04 0.03 0.07 0.03 0.03 0.04 0.08 0.03 0.03 0.03 -0.02 0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
695 718 720 833 736 526 481 525 582 623 650 620 612
604 622 621 1,112 638 471 431 456 573 630 607 691 686
Operating Profit 91 97 99 -279 98 55 50 70 10 -7 43 -71 -73
OPM % 13% 13% 14% -33% 13% 10% 10% 13% 2% -1% 7% -11% -12%
3 2 17 685 232 75 50 18 73 95 46 142 141
Interest 35 46 50 143 203 91 46 38 33 38 33 27 24
Depreciation 15 15 19 58 93 16 29 30 29 29 33 36 36
Profit before tax 44 37 47 205 34 23 25 20 21 21 22 9 9
Tax % 35% 34% 19% 11% 41% 30% 47% -28% 28% 24% 22% 19%
29 25 38 182 20 16 13 26 15 16 17 7 7
EPS in Rs 0.29 0.25 0.39 1.80 0.20 0.17 0.14 0.27 0.16 0.16 0.18 0.07 0.07
Dividend Payout % 17% 20% 13% 3% 25% 30% 37% 19% 32% 31% 28% 69%
Compounded Sales Growth
10 Years: -1%
5 Years: 5%
3 Years: 2%
TTM: -5%
Compounded Profit Growth
10 Years: -12%
5 Years: -10%
3 Years: -10%
TTM: -60%
Stock Price CAGR
10 Years: 0%
5 Years: 10%
3 Years: 4%
1 Year: -32%
Return on Equity
10 Years: 0%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 97 97 97 97 97 97 97 97 97 97 97 97
Reserves 846 933 985 4,907 4,929 1,062 1,520 1,543 1,271 908 919 782
392 555 2,518 3,741 3,843 468 342 299 328 282 213 156
378 332 781 1,079 1,115 606 606 568 602 732 830 786
Total Liabilities 1,713 1,918 4,382 9,825 9,985 2,234 2,566 2,507 2,298 2,020 2,059 1,822
308 391 424 1,956 1,897 399 902 950 907 897 882 969
CWIP 51 20 2,398 4,211 5,121 68 84 22 21 15 14 10
Investments 208 312 7 1,387 379 106 100 100 99 3 3 1
1,147 1,194 1,553 2,271 2,587 1,661 1,480 1,436 1,271 1,105 1,160 843
Total Assets 1,713 1,918 4,382 9,825 9,985 2,234 2,566 2,507 2,298 2,020 2,059 1,822

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
151 22 49 108 105 215 92 33 -5 68 85 79
-257 -128 -701 369 -110 232 -13 10 -11 -1 -18 -2
111 110 640 -461 -30 -469 -40 -84 15 -64 -72 -73
Net Cash Flow 5 4 -12 15 -35 -21 39 -42 -1 4 -5 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 48 50 67 91 122 145 49 46 53 62 76 80
Inventory Days 153
Days Payable 2,209
Cash Conversion Cycle 48 50 67 91 122 145 49 46 53 62 76 -1,975
Working Capital Days 33 40 43 262 160 187 100 126 71 4 14 -30
ROCE % 6% 4% 0% 2% 2% 4% 3% 3% 4% 4% 3%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.49% 59.49% 59.49% 59.49% 59.49% 59.49% 59.49% 59.47% 59.47% 59.47% 59.47% 59.47%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.25% 0.14% 0.12% 0.14% 0.15%
0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12%
40.38% 40.38% 40.38% 40.38% 40.38% 40.37% 40.38% 40.16% 40.27% 40.28% 40.27% 40.25%
No. of Shareholders 33,52434,11734,44734,52334,66141,04959,23392,95698,4341,13,1331,14,4821,14,196

* 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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