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 ₹ 1,728 Cr.
- Current Price ₹ 17.7
- High / Low ₹ 28.0 / 14.6
- Stock P/E 97.1
- Book Value ₹ 11.4
- Dividend Yield 0.28 %
- ROCE 4.36 %
- ROE 1.69 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 30.2%
- Company's working capital requirements have reduced from 29.7 days to 14.4 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.31% over past five years.
- Company has a low return on equity of 1.15% over last 3 years.
- Promoters have pledged 67.3% of their holding.
- Earnings include an other income of Rs.54.2 Cr.
- Company's cost of borrowing seems high
* 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 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
695 | 718 | 720 | 833 | 736 | 526 | 481 | 525 | 582 | 623 | 650 | 630 | |
604 | 622 | 621 | 1,112 | 638 | 471 | 431 | 456 | 573 | 630 | 607 | 597 | |
Operating Profit | 91 | 97 | 99 | -279 | 98 | 55 | 50 | 70 | 10 | -7 | 43 | 33 |
OPM % | 13% | 13% | 14% | -33% | 13% | 10% | 10% | 13% | 2% | -1% | 7% | 5% |
3 | 2 | 17 | 685 | 232 | 75 | 50 | 18 | 73 | 95 | 46 | 54 | |
Interest | 35 | 46 | 50 | 143 | 203 | 91 | 46 | 38 | 33 | 38 | 33 | 29 |
Depreciation | 15 | 15 | 19 | 58 | 93 | 16 | 29 | 30 | 29 | 29 | 33 | 35 |
Profit before tax | 44 | 37 | 47 | 205 | 34 | 23 | 25 | 20 | 21 | 21 | 22 | 23 |
Tax % | 35% | 34% | 19% | 11% | 41% | 30% | 47% | -28% | 28% | 24% | 22% | |
29 | 25 | 38 | 182 | 20 | 16 | 13 | 26 | 15 | 16 | 17 | 18 | |
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 | 0.18 |
Dividend Payout % | 17% | 20% | 13% | 3% | 25% | 30% | 37% | 19% | 32% | 31% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 4% |
3 Years: | 7% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | -5% |
5 Years: | 5% |
3 Years: | -13% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 16% |
3 Years: | -4% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 1% |
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 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1,013 |
392 | 555 | 2,518 | 3,741 | 3,843 | 468 | 342 | 299 | 328 | 282 | 213 | 172 | |
378 | 332 | 781 | 1,079 | 1,115 | 606 | 606 | 568 | 602 | 732 | 830 | 901 | |
Total Liabilities | 1,713 | 1,918 | 4,382 | 9,825 | 9,985 | 2,234 | 2,566 | 2,507 | 2,298 | 2,020 | 2,059 | 2,183 |
308 | 391 | 424 | 1,956 | 1,897 | 399 | 902 | 950 | 907 | 897 | 882 | 973 | |
CWIP | 51 | 20 | 2,398 | 4,211 | 5,121 | 68 | 84 | 22 | 21 | 15 | 14 | 14 |
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 | 1,195 | |
Total Assets | 1,713 | 1,918 | 4,382 | 9,825 | 9,985 | 2,234 | 2,566 | 2,507 | 2,298 | 2,020 | 2,059 | 2,183 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
151 | 22 | 49 | 108 | 105 | 215 | 92 | 33 | -5 | 68 | 85 | |
-257 | -128 | -701 | 369 | -110 | 232 | -13 | 10 | -11 | -1 | -18 | |
111 | 110 | 640 | -461 | -30 | -469 | -40 | -84 | 15 | -64 | -72 | |
Net Cash Flow | 5 | 4 | -12 | 15 | -35 | -21 | 39 | -42 | -1 | 4 | -5 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 50 | 67 | 91 | 122 | 145 | 49 | 46 | 53 | 62 | 76 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 48 | 50 | 67 | 91 | 122 | 145 | 49 | 46 | 53 | 62 | 76 |
Working Capital Days | 33 | 40 | 43 | 262 | 160 | 187 | 100 | 126 | 71 | 4 | 14 |
ROCE % | 6% | 4% | 0% | 2% | 2% | 4% | 3% | 3% | 4% | 4% |
Documents
Announcements
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Clarification - Financial Results
11 December 2024 - Exchange has sought clarification from DPSC Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On basis …
- Copy of Newspaper Publication 14 November 2024
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Outcome of Board Meeting
13 November 2024 - DPSC Limited has informed regarding Board meeting held on November 13, 2024.
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Financial Result Updates
13 November 2024 - DPSC Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Board Meeting Intimation
6 November 2024 - DPSC LIMITED has informed about Board Meeting to be held on 13-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the Company …
Annual reports
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Financial Year 2024
from nse
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Financial Year 2023
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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 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]