IMP Powers Ltd

IMP Powers Ltd

₹ 5.60 -5.08%
28 Dec 2023
About

Incorporated in 1961, IMP Powers Ltd manufactures transformers[1]

Key Points

Business Overview:[1]
IMPPL is a flagship company of IMP MANGALAM group which does manufacturing of EHV, Power, Distribution, Special Purpose, Furnace, Thyristor Duty Transformers & Reactor up to 315MVA 400 kV Class. Company manufactures electrical equipment starting with Measuring and Testing equipment including Energy meters, Auxiliary and Distribution Transformers, Power & Special Transformers, EHV (220 kV and 400 kV), with an installed base of 35,000 transformers across the globe

  • Market Cap 4.84 Cr.
  • Current Price 5.60
  • High / Low 7.25 / 2.90
  • Stock P/E
  • Book Value -295
  • Dividend Yield 0.00 %
  • ROCE -65.1 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.58%
  • The company has delivered a poor sales growth of -42.5% over past five years.
  • Promoter holding is low: 16.8%
  • Contingent liabilities of Rs.111 Cr.
  • Promoters have pledged 81.0% of their holding.
  • Company has high debtors of 521 days.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
32.33 16.46 21.97 16.41 10.92 17.44 2.10 15.37 8.79 2.13 0.73 0.99 0.35
37.86 21.39 28.35 22.39 33.45 123.57 4.58 16.31 10.37 42.52 4.04 3.15 2.06
Operating Profit -5.53 -4.93 -6.38 -5.98 -22.53 -106.13 -2.48 -0.94 -1.58 -40.39 -3.31 -2.16 -1.71
OPM % -17.10% -29.95% -29.04% -36.44% -206.32% -608.54% -118.10% -6.12% -17.97% -1,896.24% -453.42% -218.18% -488.57%
0.00 -40.24 0.00 0.00 0.00 -34.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 9.51 11.03 10.92 -8.75 0.23 5.66 0.09 0.08 0.05 0.06 0.04 0.09 0.04
Depreciation 1.88 1.90 1.81 1.81 1.81 1.64 1.60 1.57 1.57 1.56 1.54 1.54 1.51
Profit before tax -16.92 -58.10 -19.11 0.96 -24.57 -147.76 -4.17 -2.59 -3.20 -42.01 -4.89 -3.79 -3.26
Tax % 24.35% 29.19% 33.33% 27.08% 32.48% -31.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-12.80 -41.13 -12.74 0.70 -16.60 -194.51 -4.17 -2.59 -3.19 -42.01 -4.89 -3.79 -3.26
EPS in Rs -14.80 -47.69 -14.76 0.85 -19.21 -225.17 -4.83 -3.00 -3.69 -48.64 -5.66 -4.39 -3.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
282 207 264 331 362 395 446 413 265 96 66 28 4
249 187 239 300 327 359 404 376 250 112 208 74 52
Operating Profit 33 21 26 31 35 36 42 38 15 -17 -142 -46 -48
OPM % 12% 10% 10% 9% 10% 9% 9% 9% 6% -17% -217% -163% -1,133%
0 0 0 1 1 1 1 1 2 -39 -33 0 0
Interest 19 14 20 21 24 25 28 29 31 39 8 0 0
Depreciation 4 3 5 6 6 6 7 7 7 8 7 6 6
Profit before tax 10 4 2 4 5 5 8 3 -21 -102 -190 -52 -54
Tax % 31% 31% 49% 30% 33% 33% 28% 29% 34% 29% -17% 0%
7 3 1 3 4 4 6 2 -14 -72 -223 -52 -54
EPS in Rs 8.48 3.10 0.71 3.20 3.95 4.18 6.97 2.37 -16.49 -83.66 -258.37 -60.17 -62.46
Dividend Payout % 18% 16% 70% 16% 13% 12% 7% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -18%
5 Years: -42%
3 Years: -53%
TTM: -90%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 70%
Stock Price CAGR
10 Years: -13%
5 Years: -33%
3 Years: -26%
1 Year: 81%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 8 9 9 9 9 9 9 9 9 9
Reserves 86 88 87 88 94 98 104 107 93 20 -203 -255 -264
Preference Capital 5 4 2 1 0 0 0 0 0 0 0 0
91 99 108 99 99 97 104 117 150 242 291 308 250
68 91 100 116 152 180 178 162 138 122 75 81 140
Total Liabilities 252 286 304 312 354 384 394 395 389 393 172 142 135
76 83 84 77 72 73 77 79 72 64 58 51 48
CWIP 0 0 0 0 4 5 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
176 203 220 235 279 306 317 315 317 329 114 91 87
Total Assets 252 286 304 312 354 384 394 395 389 393 172 142 135

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9 19 21 33 24 32 32 33 -0 -34 -23 -13
-6 -11 -6 -1 -5 -8 -6 -9 0 0 -0 0
-2 -5 -13 -30 -19 -24 -26 -25 0 35 23 14
Net Cash Flow 1 3 2 2 1 1 1 -1 -0 1 -1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 154 214 165 139 164 160 131 125 129 350 120 521
Inventory Days 75 144 140 116 110 114 129 152 297 515 94 182
Days Payable 71 146 138 134 172 182 153 133 178 385 198 940
Cash Conversion Cycle 157 212 168 121 102 92 106 144 247 481 16 -237
Working Capital Days 130 180 147 113 112 101 104 125 211 525 -114 -682
ROCE % 11% 12% 15% 15% 17% 14% 4% -9% -80% -65%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
37.33% 37.33% 37.33% 37.33% 37.33% 37.33% 20.45% 19.43% 17.34% 17.34% 17.34% 16.76%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
0.28% 0.28% 0.28% 0.28% 0.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
62.39% 62.39% 62.39% 62.39% 62.39% 62.67% 79.56% 80.56% 82.66% 82.66% 82.66% 83.24%
No. of Shareholders 4,3624,8636,4028,3068,5818,9529,6989,4459,3479,1959,1959,045

* 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.

Click on the line-items to see the names of individual entities.

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