Energy Development Company Ltd

About [ edit ]

Energy Development Company Limited is engaged in trading in solar photovoltaic module and civil related services.

  • Market Cap 49.2 Cr.
  • Current Price 10.4
  • High / Low 16.8 / 3.25
  • Stock P/E 37.8
  • Book Value 19.4
  • Dividend Yield 4.83 %
  • ROCE 1.51 %
  • ROE -2.53 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.53 times its book value
  • Stock is providing a good dividend yield of 4.83%.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.48% over past five years.
  • Company has a low return on equity of -5.39% for last 3 years.
  • Contingent liabilities of Rs.33.50 Cr.
  • Company has high debtors of 441.19 days.
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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
8.07 7.70 16.63 2.54 5.67 10.99 9.75 3.54 4.94 12.36 9.93
3.51 8.26 2.12 7.15 4.42 7.16 2.87 4.75 3.07 4.05 4.28
Operating Profit 4.56 -0.56 14.51 -4.61 1.25 3.83 6.88 -1.21 1.87 8.31 5.65
OPM % 56.51% -7.27% 87.25% -181.50% 22.05% 34.85% 70.56% -34.18% 37.85% 67.23% 56.90%
Other Income 0.94 2.28 -0.80 1.94 0.45 0.07 1.40 1.75 0.57 0.59 0.66
Interest 5.02 5.35 4.06 4.71 4.75 4.47 5.38 3.71 4.58 4.68 4.70
Depreciation 2.79 2.80 1.48 2.78 2.60 2.62 2.63 2.61 2.58 2.61 2.60
Profit before tax -2.31 -6.43 8.17 -10.16 -5.65 -3.19 0.27 -5.78 -4.72 1.61 -0.99
Tax % -3.90% -8.55% -14.32% 25.00% -16.28% 5.96% -503.70% 160.38% 3.60% -7.45% 10.10%
Net Profit -2.40 -6.59 9.68 -7.25 -6.21 -2.66 2.01 3.83 -4.20 2.09 -0.42
EPS in Rs -0.51 -1.39 2.04 -1.53 -1.31 -0.56 0.42 0.81 -0.88 0.44 -0.09
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
117.24 35.72 51.97 65.87 51.35 48.74 37.65 150.05 115.02 59.91 34.94 29.94 30.77
91.00 23.32 40.38 48.86 40.28 15.21 10.20 138.86 106.28 39.90 19.53 17.55 16.15
Operating Profit 26.24 12.40 11.59 17.01 11.07 33.53 27.45 11.19 8.74 20.01 15.41 12.39 14.62
OPM % 22.38% 34.71% 22.30% 25.82% 21.56% 68.79% 72.91% 7.46% 7.60% 33.40% 44.10% 41.38% 47.51%
Other Income 0.62 7.83 4.80 9.84 3.61 5.97 7.82 4.94 37.71 2.08 3.82 2.02 3.57
Interest 0.59 0.69 2.01 11.54 10.59 41.71 36.83 19.70 30.48 20.54 19.74 18.32 17.67
Depreciation 3.84 5.12 5.91 6.26 6.55 10.19 11.86 11.03 10.90 11.70 11.16 10.46 10.40
Profit before tax 22.43 14.42 8.47 9.05 -2.46 -12.40 -13.42 -14.60 5.07 -10.15 -11.67 -14.37 -9.88
Tax % 25.46% 17.55% 10.39% 20.88% 218.70% 17.02% -3.80% -3.49% 21.70% -29.16% 39.50% 68.82%
Net Profit 16.72 11.89 7.59 7.16 2.93 -10.28 -13.94 -15.11 4.65 -11.64 -5.57 -3.04 1.30
EPS in Rs 6.08 4.32 2.76 2.60 1.07 -3.74 -5.07 -3.18 0.98 -2.45 -1.17 -0.64 0.28
Dividend Payout % 16.45% 23.13% 36.23% 46.09% 75.09% -13.38% -9.86% -15.72% 51.08% -20.40% -42.64% -78.12%
Compounded Sales Growth
10 Years:-2%
5 Years:-4%
3 Years:-36%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:24%
TTM:109%
Stock Price CAGR
10 Years:-12%
5 Years:-28%
3 Years:-22%
1 Year:111%
Return on Equity
10 Years:-6%
5 Years:-11%
3 Years:-5%
Last Year:-3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
27.50 27.50 27.50 61.00 61.00 61.00 27.50 47.50 47.50 71.14 71.33 71.55 47.50
Reserves 72.69 94.64 99.02 102.35 102.70 90.81 77.18 101.89 75.38 60.96 52.55 46.59 44.46
Borrowings 47.03 78.51 144.97 189.44 258.97 297.84 140.39 130.82 166.03 141.74 141.57 135.85 158.58
94.63 47.02 38.81 86.27 77.17 71.40 246.27 231.71 111.07 109.69 103.45 115.92 95.85
Total Liabilities 241.85 247.67 310.30 405.56 466.34 487.55 491.34 511.92 399.98 359.89 345.07 345.86 346.39
85.27 81.98 100.30 94.48 90.63 230.36 217.01 206.61 196.88 203.29 192.13 181.85 176.81
CWIP 67.99 107.14 144.20 249.24 321.02 213.59 239.19 244.18 46.94 29.71 29.71 29.71 29.71
Investments 2.29 0.56 0.20 0.19 0.19 0.19 0.19 0.02 25.97 12.31 12.31 12.31 12.31
86.30 57.99 65.60 61.65 54.50 43.41 34.95 61.11 130.19 114.58 110.92 121.99 127.56
Total Assets 241.85 247.67 310.30 405.56 466.34 487.55 491.34 511.92 399.98 359.89 345.07 345.86 346.39

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
12.24 14.36 14.60 14.54 19.88 38.79 23.27 10.46 5.66 16.69 15.30 18.14
-50.10 -34.34 -76.80 -95.73 -71.27 -42.02 -13.55 -26.03 -5.29 8.91 -1.93 -1.50
32.95 27.58 63.85 73.79 56.63 -0.84 -7.75 16.45 -3.88 -21.68 -18.51 -14.91
Net Cash Flow -4.91 7.60 1.65 -7.40 5.24 -4.07 1.97 0.89 -3.51 3.92 -5.13 1.73

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18.26% 4.60% 2.68% 6.60% 2.09% 6.18% 6.12% 1.94% -0.35% 3.69% 2.99% 1.51%
Debtor Days 218.99 294.29 84.56 118.08 180.19 138.92 98.01 83.27 144.45 235.66 381.09 441.19
Inventory Turnover 0.15 -0.36 -0.39 -0.54 0.11 0.52 0.01 0.47 1.75 0.58 0.41 1.31

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
56.90 56.90 56.90 58.14 58.14 58.14 58.14 58.14 58.14 58.14 58.14 58.14
0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.01 0.00 0.00 0.00 0.00
43.07 43.07 43.07 41.84 41.84 41.86 41.86 41.85 41.86 41.86 41.86 41.86

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