Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures Ltd

₹ 6.00 0.00%
02 Jun - close price
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
698 653 741 951 957 915 902 1,401 1,406 1,820 1,385 1,201 1,380
487 375 431 659 679 659 684 1,037 1,131 1,192 1,130 1,191 1,158
Operating Profit 212 278 310 292 278 256 218 365 275 628 256 10 221
OPM % 30% 43% 42% 31% 29% 28% 24% 26% 20% 35% 18% 1% 16%
-56 10 11 6 350 11 47 51 126 9 116 5 5
Interest 143 145 145 148 140 141 137 136 143 150 138 135 137
Depreciation 119 119 121 121 119 120 121 121 119 116 117 117 115
Profit before tax -106 23 55 29 369 7 6 158 139 372 117 -238 -25
Tax % 25% 38% 26% 180% 9% 37% 111% 32% 102% 35% 36% 9% -67%
Net Profit -80 14 41 -23 334 5 -1 107 -2 242 75 -217 -41
EPS in Rs -0.12 0.02 0.06 -0.03 0.49 0.01 -0.00 0.16 -0.00 0.35 0.11 -0.32 -0.06
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
26.07 26.07 26.07 26.02 26.02 26.02 26.02 24.00 24.00 24.00 24.00 24.00
0.47 0.47 0.46 0.63 0.53 0.90 1.02 1.20 2.83 3.38 3.67 4.97
39.55 38.67 36.26 34.68 32.34 28.72 23.28 23.12 23.12 22.18 22.15 22.19
33.91 34.79 37.21 38.67 41.11 44.36 49.69 51.68 50.05 50.44 50.18 48.85

* 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.

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