India Power Corporation Ltd
Incorporated in 1919, India Power Corporation Ltd is engaged in business of Power Distribution, Renewable Power Generation and Smart Grid.
- Market Cap ₹ 1,086 Cr.
- Current Price ₹ 11.2
- High / Low ₹ 16.9 / 9.10
- Stock P/E 68.6
- Book Value ₹ 10.3
- Dividend Yield 0.45 %
- ROCE 3.94 %
- ROE 1.33 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.08 times its book value
- Company has been maintaining a healthy dividend payout of 27.0%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.28% over past five years.
- Company has a low return on equity of 1.19% over last 3 years.
- Promoters have pledged 67.2% of their holding.
- Earnings include an other income of Rs.95.3 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
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|
695 | 718 | 720 | 833 | 736 | 526 | 481 | 525 | 582 | 623 | |
604 | 622 | 621 | 1,112 | 638 | 471 | 431 | 456 | 573 | 631 | |
Operating Profit | 91 | 97 | 99 | -279 | 98 | 55 | 50 | 70 | 10 | -7 |
OPM % | 13% | 13% | 14% | -33% | 13% | 10% | 10% | 13% | 2% | -1% |
3 | 2 | 17 | 685 | 232 | 75 | 50 | 18 | 73 | 95 | |
Interest | 35 | 46 | 50 | 143 | 203 | 91 | 46 | 38 | 33 | 38 |
Depreciation | 15 | 15 | 19 | 58 | 93 | 16 | 29 | 30 | 29 | 29 |
Profit before tax | 44 | 37 | 47 | 205 | 34 | 23 | 25 | 20 | 21 | 21 |
Tax % | 35% | 34% | 19% | 11% | 41% | 30% | 47% | -28% | 28% | 24% |
Net Profit | 29 | 25 | 38 | 182 | 20 | 16 | 13 | 26 | 15 | 16 |
EPS in Rs | 0.29 | 0.25 | 0.39 | 1.80 | 0.20 | 0.17 | 0.14 | 0.27 | 0.16 | 0.16 |
Dividend Payout % | 17% | 20% | 13% | 3% | 25% | 30% | 37% | 19% | 32% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 9% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 49% |
3 Years: | 9% |
TTM: | 66% |
Stock Price CAGR | |
---|---|
10 Years: | -6% |
5 Years: | -16% |
3 Years: | 14% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | % |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
158 | 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 |
392 | 555 | 2,518 | 3,741 | 3,843 | 468 | 342 | 299 | 328 | 282 | |
378 | 332 | 781 | 1,079 | 1,115 | 606 | 606 | 568 | 602 | 732 | |
Total Liabilities | 1,713 | 1,918 | 4,382 | 9,825 | 9,985 | 2,234 | 2,566 | 2,507 | 2,298 | 2,020 |
308 | 391 | 424 | 1,956 | 1,897 | 399 | 902 | 950 | 907 | 897 | |
CWIP | 51 | 20 | 2,398 | 4,211 | 5,121 | 68 | 84 | 22 | 21 | 15 |
Investments | 208 | 312 | 7 | 1,387 | 379 | 106 | 100 | 100 | 99 | 3 |
1,147 | 1,194 | 1,553 | 2,271 | 2,587 | 1,661 | 1,480 | 1,436 | 1,271 | 1,105 | |
Total Assets | 1,713 | 1,918 | 4,382 | 9,825 | 9,985 | 2,234 | 2,566 | 2,507 | 2,298 | 2,020 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
151 | 22 | 49 | 108 | 105 | 215 | 92 | 33 | -4 | 68 | |
-257 | -128 | -701 | 369 | -110 | 232 | -13 | 10 | -12 | -1 | |
111 | 110 | 640 | -461 | -30 | -469 | -40 | -84 | 15 | -64 | |
Net Cash Flow | 5 | 4 | -12 | 15 | -35 | -21 | 39 | -42 | -1 | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 50 | 67 | 91 | 122 | 145 | 49 | 46 | 53 | 62 |
Inventory Days | 102 | |||||||||
Days Payable | 2,159 | |||||||||
Cash Conversion Cycle | 48 | 50 | 67 | 91 | 122 | 145 | 49 | 46 | 53 | -1,994 |
Working Capital Days | 33 | 40 | 43 | 262 | 160 | 187 | 100 | 126 | 71 | 4 |
ROCE % | 6% | 4% | 0% | 2% | 2% | 4% | 3% | 3% | 4% |
Documents
Announcements
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]