Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures Ltd

₹ 14.8 -0.20%
21 May 2:21 p.m.
About

Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity[1]

Key Points

Power Plant Operations
A) 400 MW Vishnuprayag Hydro-Electric Plant in the State of Uttarakhand, which is in operation since October 2007
B) 500 MW Jaypee Bina Thermal Power Plant in Distt. Sagar (M.P.) consists of two units of 250 MW each, First unit had been in operation since August 2012, and the second unit since April 2013.
C) 1320 MW Jaypee Nigrie Supercritical Thermal Power Plant (JNSTPP) in Distt. Singrauli (M.P.) consists of two units of 660 MW each, First unit had been in operation since September 2014, and the second unit since February 2015. [1]

  • Market Cap 10,129 Cr.
  • Current Price 14.8
  • High / Low 23.8 / 12.4
  • Stock P/E 12.4
  • Book Value 17.9
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 6.85 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.83 times its book value
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Company has a low return on equity of 6.86% over last 3 years.
  • Promoters have pledged 79.2% of their holding.

* 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,406 1,820 1,385 1,201 1,380 1,708 1,350 2,190 1,515 1,755 1,226 1,140 1,341
1,132 1,192 1,130 1,191 1,153 1,186 939 1,613 788 965 840 850 952
Operating Profit 275 628 256 10 227 521 411 577 727 790 386 290 388
OPM % 20% 35% 18% 1% 16% 31% 30% 26% 48% 45% 32% 25% 29%
126 9 116 5 -1 7 -70 -56 46 24 79 116 26
Interest 143 150 138 135 137 119 117 105 109 109 110 97 97
Depreciation 119 116 117 117 115 115 116 117 116 118 120 116 116
Profit before tax 139 372 117 -238 -26 294 108 299 548 588 234 193 201
Tax % 102% 35% 36% -8% 69% 35% 36% 42% -7% 41% 22% 34% 23%
-2 242 75 -218 -44 192 69 173 589 349 183 127 156
EPS in Rs -0.00 0.35 0.11 -0.32 -0.06 0.28 0.10 0.25 0.86 0.51 0.27 0.18 0.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,889 4,140 4,113 4,658 4,877 3,892 3,284 3,302 4,625 5,787 6,763 5,462
840 1,361 1,561 2,944 3,352 2,623 2,396 2,144 3,512 4,666 4,527 3,608
Operating Profit 2,050 2,779 2,552 1,713 1,525 1,268 887 1,157 1,113 1,121 2,236 1,855
OPM % 71% 67% 62% 37% 31% 33% 27% 35% 24% 19% 33% 34%
24 90 75 87 41 219 -1,074 293 235 129 -73 245
Interest 1,524 2,189 2,478 2,777 2,614 1,474 652 579 556 560 449 414
Depreciation 499 518 635 771 819 528 479 480 481 464 465 470
Profit before tax 51 162 -485 -1,748 -1,867 -515 -1,318 392 310 225 1,249 1,216
Tax % 8% -4% -50% -26% -9% -29% 63% 28% 65% 75% 18% 33%
47 169 -243 -1,295 -1,690 -367 -2,147 281 107 55 1,022 814
EPS in Rs 0.11 0.51 -0.87 -2.06 -2.66 -0.64 -3.16 0.39 0.16 0.08 1.49 1.19
Dividend Payout % 61% 2% -115% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 11%
3 Years: 6%
TTM: -19%
Compounded Profit Growth
10 Years: 19%
5 Years: 20%
3 Years: 96%
TTM: -42%
Stock Price CAGR
10 Years: 7%
5 Years: 77%
3 Years: 25%
1 Year: -24%
Return on Equity
10 Years: -2%
5 Years: 5%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2,938 2,938 2,938 5,996 5,996 5,996 6,840 6,853 6,853 6,853 6,853 6,853
Reserves 3,407 3,473 4,676 3,391 1,783 1,381 3,158 3,429 3,536 3,592 4,614 5,428
27,503 32,065 25,076 23,994 23,416 23,194 6,023 5,227 5,078 4,761 4,246 3,778
4,380 4,086 3,583 4,454 5,907 6,690 1,822 1,485 1,879 2,101 1,590 1,726
Total Liabilities 38,228 42,561 36,273 37,836 37,102 37,260 17,844 16,994 17,347 17,307 17,303 17,786
13,529 24,156 23,530 27,437 31,093 30,650 15,251 14,272 13,803 13,385 13,007 12,762
CWIP 19,631 12,696 8,029 4,848 561 534 477 411 395 419 240 183
Investments 1,986 1,986 1,986 1,986 1,986 1,986 21 112 234 191 525 490
3,083 3,724 2,729 3,565 3,461 4,090 2,095 2,199 2,915 3,312 3,532 4,350
Total Assets 38,228 42,561 36,273 37,836 37,102 37,260 17,844 16,994 17,347 17,307 17,303 17,786

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,249 2,676 2,816 1,413 1,782 1,178 1,028 813 845 767 1,927 1,714
-5,059 -4,886 6,416 -802 -230 -191 -145 280 -113 109 -991 39
3,084 2,058 -9,494 -672 -1,543 -1,020 -822 -1,136 -711 -880 -964 -892
Net Cash Flow 274 -152 -262 -61 9 -33 61 -43 22 -3 -28 862

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 37 66 48 80 73 111 45 87 73 74 64 63
Inventory Days 65
Days Payable 25
Cash Conversion Cycle 37 66 48 80 73 111 45 87 73 74 64 104
Working Capital Days -590 -514 -301 -295 -430 -621 -59 21 44 67 61 80
ROCE % 5% 6% 6% 3% 3% 3% 2% 5% 6% 5% 14% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00%
2.83% 3.38% 3.67% 4.97% 4.70% 4.65% 5.14% 6.06% 7.59% 7.78% 6.26% 6.31%
23.12% 22.18% 22.15% 22.19% 22.15% 21.62% 20.46% 18.46% 18.18% 18.29% 17.49% 17.52%
50.05% 50.44% 50.18% 48.85% 49.15% 49.74% 50.41% 51.47% 50.21% 49.94% 52.27% 52.17%
No. of Shareholders 15,46,87214,96,28414,85,08614,63,79214,57,88715,47,91517,62,61521,86,63423,01,63623,97,33725,14,21225,54,277

* 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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