IMP Powers Ltd

IMP Powers Limited is a power transformer company. The Company is engaged in the manufacture of power, extra high voltage (EHV) and distribution transformers up to 315 megavolt ampere (MVA) in 400 kilovolt (kV) class.

  • Market Cap: 19.86 Cr.
  • Current Price: 23.00
  • 52 weeks High / Low 54.30 / 13.35
  • Book Value: 125.72
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: 14.28 %
  • ROE: 1.85 %
  • Sales Growth (3Yrs): 4.50 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.18 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 9.35% over past five years.
Company has a low return on equity of 3.58% for last 3 years.
Contingent liabilities of Rs.188.37 Cr.
Promoters have pledged 55.16% of their holding.
Company's cost of borrowing seems high

Peer Comparison Sector: Capital Goods - Electrical Equipment // Industry: Electric Equipment

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
110.26 142.22 50.56 105.95 104.99 185.17 86.22 76.72 83.74 167.59 69.17 96.74
100.18 130.82 49.54 93.42 92.66 168.69 77.25 68.15 74.82 155.66 67.93 85.71
Operating Profit 10.08 11.40 1.02 12.53 12.33 16.48 8.97 8.57 8.92 11.93 1.24 11.03
OPM % 9.14% 8.02% 2.02% 11.83% 11.74% 8.90% 10.40% 11.17% 10.65% 7.12% 1.79% 11.40%
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 6.15 7.28 6.38 6.83 6.80 7.73 6.85 6.80 7.20 8.02 6.93 7.50
Depreciation 1.57 1.47 1.51 1.56 1.76 1.82 1.59 1.65 1.66 1.66 1.66 1.97
Profit before tax 2.36 2.65 -6.87 4.14 3.77 6.93 0.53 0.12 0.06 2.25 -7.35 1.56
Tax % 33.05% 32.83% 1.31% -1.21% 12.20% 28.86% 32.08% 33.33% 16.67% 28.89% 1.50% -6.41%
Net Profit 1.47 1.77 -6.66 4.19 3.27 4.95 0.36 0.07 0.05 1.58 -7.22 1.64
EPS in Rs 1.70 2.04 -7.72 4.68 3.79 5.73 0.41 0.08 0.05 1.83 -8.36 1.90
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 TTM
282.24 207.49 264.38 331.00 362.17 394.99 445.64 413.31 417.24
249.04 186.89 238.72 300.37 327.25 359.42 404.01 375.81 384.12
Operating Profit 33.20 20.60 25.66 30.63 34.92 35.57 41.63 37.50 33.12
OPM % 11.76% 9.93% 9.71% 9.25% 9.64% 9.01% 9.34% 9.07% 7.94%
Other Income 0.05 0.22 0.49 0.84 0.80 0.95 1.03 0.89 0.00
Interest 19.22 13.78 19.57 21.26 24.45 24.98 27.63 28.87 29.65
Depreciation 4.29 3.36 5.03 6.46 6.02 6.14 6.65 6.57 6.95
Profit before tax 9.74 3.68 1.55 3.75 5.25 5.40 8.38 2.95 -3.48
Tax % 30.70% 31.25% 49.03% 30.40% 33.33% 33.15% 27.68% 29.15%
Net Profit 6.90 2.52 0.58 2.60 3.41 3.61 6.02 2.05 -3.95
EPS in Rs 8.12 3.90 0.48 3.05 3.84 4.18 6.97 2.38 -4.58
Dividend Payout % 17.70% 16.15% 70.17% 15.65% 12.67% 11.97% 7.18% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:9.35%
3 Years:4.50%
TTM:-7.91%
Compounded Profit Growth
10 Years:%
5 Years:26.31%
3 Years:-15.14%
TTM:-145.66%
Stock Price CAGR
10 Years:-15.89%
5 Years:-20.79%
3 Years:-36.81%
1 Year:-42.21%
Return on Equity
10 Years:%
5 Years:3.38%
3 Years:3.58%
Last Year:1.85%

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 Sep 2019
12.81 11.70 9.77 8.96 8.64 8.64 8.64 8.64 8.64
Reserves 85.55 87.58 87.44 88.07 94.30 97.93 103.57 105.38 99.94
Borrowings 90.57 98.69 107.98 99.35 99.06 97.44 103.53 116.66 113.06
68.91 93.45 102.49 118.87 155.24 182.70 181.74 167.11 176.40
Total Liabilities 253.17 287.86 306.05 314.43 357.24 386.71 397.48 397.79 398.04
75.99 83.31 83.51 77.01 72.15 72.71 76.62 79.48 78.18
CWIP 0.10 0.10 0.10 0.00 3.70 4.58 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00
177.07 204.44 222.43 237.41 281.38 309.42 320.86 318.31 319.86
Total Assets 253.17 287.86 306.05 314.43 357.24 386.71 397.48 397.79 398.04

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
9.44 18.98 20.99 32.86 24.17 32.34 32.46 32.98
-6.23 -10.83 -5.50 -1.34 -5.02 -7.53 -5.80 -9.49
-2.20 -4.81 -13.10 -29.67 -18.59 -24.07 -26.04 -24.64
Net Cash Flow 1.01 3.34 2.39 1.85 0.56 0.74 0.62 -1.14

Ratios Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 10.55% 12.44% 14.92% 14.97% 17.16% 14.28%
Debtor Days 153.79 213.65 165.31 139.15 163.88 159.71 130.59 124.63
Inventory Turnover 3.67 4.10 4.28 4.25 3.95 3.13