India Power Corporation Ltd

About [ edit ]

India Power Corp. is engaged in Business of Electricity Generation & Distribution. IPCL serves various consumer segments ranging from Govt establishments, Industrial houses, Railways to Domestic Consumers. (Source : 201903 Annual Report Page No: 67)

  • Market Cap 1,802 Cr.
  • Current Price 18.5
  • High / Low 20.5 / 7.30
  • Stock P/E 68.7
  • Book Value 16.8
  • Dividend Yield 0.27 %
  • ROCE 3.00 %
  • ROE 1.61 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.10 times its book value
  • Company has been maintaining a healthy dividend payout of 28.45%
  • Debtor days have improved from 80.26 to 46.40 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.11% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 0.85% for last 3 years.
  • Promoters have pledged 67.24% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
148.39 135.18 124.48 117.96 113.90 117.92 121.21 128.09 90.58 128.04 140.93 165.87
135.40 123.46 103.98 102.79 109.81 103.34 109.44 109.31 73.07 108.62 122.85 151.05
Operating Profit 12.99 11.72 20.50 15.17 4.09 14.58 11.77 18.78 17.51 19.42 18.08 14.82
OPM % 8.75% 8.67% 16.47% 12.86% 3.59% 12.36% 9.71% 14.66% 19.33% 15.17% 12.83% 8.93%
Other Income 7.12 25.31 16.00 21.71 14.67 12.79 13.42 9.62 5.23 2.98 3.76 6.13
Interest 19.63 25.14 26.05 20.42 11.20 12.36 11.44 10.62 11.46 9.32 9.15 7.90
Depreciation 3.99 4.06 4.04 4.03 5.74 5.78 5.80 11.78 7.59 7.50 7.55 7.05
Profit before tax -3.51 7.83 6.41 12.43 1.82 9.23 7.95 6.00 3.69 5.58 5.14 6.00
Tax % -88.89% 27.46% 17.63% 4.18% 57.69% 42.25% 41.38% 58.33% 39.57% 37.63% -220.43% 32.83%
Net Profit -6.63 5.68 5.28 11.91 0.77 5.32 4.65 2.50 2.23 3.47 16.47 4.03
EPS in Rs -0.07 0.06 0.05 0.12 0.01 0.05 0.05 0.03 0.02 0.04 0.17 0.04

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
695 718 720 833 736 526 481 525
604 622 621 789 638 466 431 456
Operating Profit 91 97 99 44 98 60 50 70
OPM % 13% 13% 14% 5% 13% 11% 10% 13%
Other Income 3 2 18 362 232 70 50 18
Interest 35 46 50 143 203 91 46 38
Depreciation 15 15 19 58 93 16 29 30
Profit before tax 44 37 47 205 34 23 25 20
Tax % 35% 34% 19% 11% 41% 30% 47% -28%
Net Profit 29 25 38 175 20 16 13 26
EPS in Rs 0.29 0.25 0.39 1.80 0.20 0.17 0.14 0.27
Dividend Payout % 17% 20% 13% 3% 25% 30% 37% 19%
Compounded Sales Growth
10 Years:%
5 Years:-6%
3 Years:-11%
TTM:9%
Compounded Profit Growth
10 Years:%
5 Years:-7%
3 Years:121%
TTM:114%
Stock Price CAGR
10 Years:8%
5 Years:-4%
3 Years:-12%
1 Year:106%
Return on Equity
10 Years:%
5 Years:-0%
3 Years:1%
Last Year:2%

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
158 97 97 97 97 97 97 158
Reserves 846 873 924 4,847 4,869 1,062 1,520 1,482
Borrowings 392 555 2,518 3,741 3,843 468 342 278
378 392 842 1,140 1,176 606 606 589
Total Liabilities 1,713 1,918 4,382 9,825 9,985 2,234 2,566 2,507
308 391 424 1,956 1,897 399 902 950
CWIP 51 20 2,398 4,211 5,121 68 84 22
Investments 208 312 7 1,387 379 106 100 100
1,147 1,194 1,553 2,271 2,587 1,661 1,480 1,436
Total Assets 1,713 1,918 4,382 9,825 9,985 2,234 2,566 2,507

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
151 22 49 108 105 215 92 33
-257 -128 -701 369 -110 232 -2 10
111 110 640 -461 -30 -469 -51 -84
Net Cash Flow 5 4 -12 15 -35 -21 39 -42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 6% 4% 0% 2% 2% 4% 3%
Debtor Days 48 50 67 91 122 145 49 46
Inventory Turnover 26.87 0.00 3.34 2.48 0.24 0.00 44.86

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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