Jaiprakash Power Ventures Ltd
Incorporated in 1994, Jaiprakash Power Ventures Limited (JPVL), a part of the Jaypee Group is engaged in the business of thermal and hydropower generation, coal mining, and cement grinding.[1]
- Market Cap ₹ 4,112 Cr.
- Current Price ₹ 6.00
- High / Low ₹ 9.45 / 5.15
- Stock P/E 69.7
- Book Value ₹ 15.7
- Dividend Yield 0.00 %
- ROCE 5.02 %
- ROE 0.55 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.38 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 24.0%
- Company has a low return on equity of 1.02% over last 3 years.
- Contingent liabilities of Rs.1,331 Cr.
- Promoters have pledged 79.2% of their holding.
- Working capital days have increased from 45.5 days to 68.2 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,616 | 2,253 | 2,693 | 3,944 | 3,884 | 2,792 | 3,381 | 3,732 | 3,284 | 3,302 | 4,625 | 5,787 | |
134 | 494 | 833 | 1,354 | 1,528 | 1,811 | 2,370 | 2,553 | 2,396 | 2,144 | 3,512 | 4,671 | |
Operating Profit | 1,482 | 1,759 | 1,861 | 2,591 | 2,356 | 981 | 1,011 | 1,180 | 888 | 1,158 | 1,113 | 1,115 |
OPM % | 92% | 78% | 69% | 66% | 61% | 35% | 30% | 32% | 27% | 35% | 24% | 19% |
71 | 38 | 47 | 122 | 80 | 88 | 349 | 194 | -2,439 | 376 | 235 | 135 | |
Interest | 859 | 1,124 | 1,448 | 2,118 | 2,344 | 1,806 | 1,492 | 1,433 | 650 | 578 | 556 | 560 |
Depreciation | 230 | 324 | 447 | 465 | 566 | 487 | 487 | 475 | 479 | 480 | 481 | 464 |
Profit before tax | 463 | 349 | 13 | 130 | -474 | -1,224 | -619 | -533 | -2,680 | 476 | 311 | 227 |
Tax % | 13% | 6% | -47% | -6% | 51% | 38% | 15% | 29% | -31% | 23% | 65% | 74% |
Net Profit | 403 | 329 | 20 | 137 | -232 | -761 | -527 | -378 | -3,505 | 366 | 108 | 59 |
EPS in Rs | 1.54 | 1.12 | 0.07 | 0.47 | -0.79 | -1.27 | -0.88 | -0.63 | -5.12 | 0.53 | 0.16 | 0.09 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 21% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | -16% |
5 Years: | 16% |
3 Years: | 27% |
TTM: | -46% |
Stock Price CAGR | |
---|---|
10 Years: | -13% |
5 Years: | 13% |
3 Years: | 82% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -4% |
3 Years: | 1% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,625 | 2,938 | 2,938 | 2,938 | 2,938 | 5,996 | 5,996 | 5,996 | 6,873 | 6,884 | 6,881 | 6,853 | |
Reserves | 2,840 | 3,506 | 3,392 | 3,441 | 4,677 | 3,897 | 3,369 | 2,992 | 3,391 | 3,760 | 3,869 | 3,928 |
14,812 | 18,008 | 20,541 | 22,901 | 14,523 | 11,827 | 11,310 | 11,149 | 5,744 | 5,205 | 5,050 | 4,761 | |
2,100 | 2,492 | 2,463 | 2,739 | 1,917 | 2,496 | 3,099 | 3,831 | 1,721 | 1,498 | 1,897 | 2,089 | |
Total Liabilities | 22,377 | 26,945 | 29,334 | 32,020 | 24,054 | 24,215 | 23,775 | 23,969 | 17,696 | 17,317 | 17,670 | 17,632 |
9,657 | 11,217 | 12,449 | 23,104 | 16,158 | 15,853 | 15,412 | 15,021 | 14,600 | 14,203 | 13,734 | 13,356 | |
CWIP | 6,384 | 9,120 | 9,913 | 358 | 146 | 158 | 159 | 131 | 140 | 77 | 61 | 53 |
Investments | 3,863 | 4,434 | 5,005 | 5,780 | 5,476 | 5,517 | 5,736 | 5,736 | 1,032 | 900 | 1,022 | 972 |
2,474 | 2,174 | 1,967 | 2,778 | 2,273 | 2,688 | 2,468 | 3,080 | 1,924 | 2,137 | 2,853 | 3,251 | |
Total Assets | 22,377 | 26,945 | 29,334 | 32,020 | 24,054 | 24,215 | 23,775 | 23,969 | 17,696 | 17,317 | 17,670 | 17,632 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,216 | 1,752 | 2,218 | 2,470 | 2,401 | 1,438 | 1,359 | 1,043 | 1,030 | 814 | 845 | 768 | |
-4,418 | -4,300 | -2,960 | -2,660 | 8,303 | -15 | -193 | -168 | -131 | 278 | -113 | 109 | |
1,894 | 2,600 | 965 | -63 | -10,855 | -1,462 | -1,177 | -901 | -822 | -1,135 | -711 | -880 | |
Net Cash Flow | -1,308 | 52 | 222 | -253 | -151 | -39 | -11 | -26 | 76 | -43 | 22 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 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 | 97 | 73 | 34 | 66 | 38 | 59 | 32 | 48 | 40 | 87 | 73 | 74 |
Inventory Days | 59 | |||||||||||
Days Payable | 35 | |||||||||||
Cash Conversion Cycle | 97 | 73 | 34 | 66 | 38 | 59 | 32 | 48 | 40 | 87 | 73 | 98 |
Working Capital Days | -439 | -352 | -528 | -461 | -279 | -406 | -382 | -429 | -57 | 23 | 45 | 68 |
ROCE % | 7% | 7% | 6% | 8% | 7% | 3% | 4% | 4% | 3% | 5% | 5% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
27 May - CRISIL Ratings Limited has revised (from 'BBB- Stable to BBB- Positive') its ratings on Long term Bank Facilities of the Company
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 May - Annual Secretarial Compliance Report of the Company dated 15th May, 2023, for the year ended 31st March, 2023, as certified by Shri Amit Aggarwal & …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Copies of Newspaper Advertisements pertaining to confirmation of the dispatch of Notice of Postal Ballot Notice and other details mentioned therein, published in Bussiness Standard …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 15 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 May - Newspaper Advertisements pertaining to publication of Financial Results for the Quarter and Year ended on 31st March, 2023, published in Financial Express-Delhi (English), Dainik Jagran, …
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 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Capacity
The company presently owns and operates three Power plants with an aggregate capacity of 2220 MW, 2 MTPA Cement Grinding Units, and a 2.8 MTPA Coal Mine. [1]