Jaiprakash Power Ventures Ltd

About

Jaiprakash Power Ventures Limited is engaged in the generation of power, including hydro and thermal; cement grinding; captive coal mining, and transmission of power.

  • Market Cap 2,947 Cr.
  • Current Price 4.30
  • High / Low 6.85 / 2.19
  • Stock P/E 19.0
  • Book Value 9.49
  • Dividend Yield 0.00 %
  • ROCE 7.18 %
  • ROE 2.83 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.45 times its book value
  • Company has delivered good profit growth of 22.03% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.30% over past five years.
  • Promoter holding is low: 26.01%
  • Company has a low return on equity of -11.39% for last 3 years.
  • Promoters have pledged 87.30% of their holding.
  • Promoter holding has decreased over last 3 years: -5.16%
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
994.13 964.66 810.05 1,078.58 791.26 834.56 698.47 689.41 778.86 950.61 956.87 914.99
599.39 633.52 690.02 733.59 525.98 656.87 496.70 383.23 434.53 662.00 682.26 658.76
Operating Profit 394.74 331.14 120.03 344.99 265.28 177.69 201.77 306.18 344.33 288.61 274.61 256.23
OPM % 39.71% 34.33% 14.82% 31.99% 33.53% 21.29% 28.89% 44.41% 44.21% 30.36% 28.70% 28.00%
Other Income 26.35 60.41 18.42 6.06 6.41 -1,085.33 -36.08 10.73 6.11 23.02 235.62 11.42
Interest 380.39 338.48 373.52 377.12 385.85 -227.26 142.88 152.45 151.67 147.97 140.29 140.57
Depreciation 133.79 133.03 129.65 131.94 133.74 134.49 119.15 132.77 134.20 120.71 119.11 119.92
Profit before tax -93.09 -79.96 -364.72 -158.01 -247.90 -814.87 -96.34 31.69 64.57 42.95 250.83 7.16
Tax % 49.82% -19.07% 32.74% 39.55% 33.55% -122.86% 26.40% 16.12% 25.46% 120.05% 14.16% 39.39%
Net Profit -50.95 -99.29 -246.58 -101.28 -167.82 -1,819.58 -73.43 23.35 44.81 -12.33 211.28 4.34
EPS in Rs -0.08 -0.17 -0.41 -0.17 -0.28 -3.03 -0.11 0.03 0.07 -0.02 0.31 0.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
691 737 1,616 2,459 2,889 4,140 4,113 4,658 4,877 3,892 3,284 3,302 3,601
85 91 134 500 840 1,361 1,561 2,944 3,352 2,623 2,396 2,144 2,438
Operating Profit 606 646 1,482 1,958 2,050 2,779 2,552 1,713 1,525 1,268 887 1,157 1,164
OPM % 88% 88% 92% 80% 71% 67% 62% 37% 31% 33% 27% 35% 32%
Other Income 27 104 71 38 24 90 75 87 41 219 -1,074 293 276
Interest 236 448 859 1,213 1,524 2,189 2,478 2,777 2,614 1,474 652 579 580
Depreciation 103 98 231 376 499 518 635 771 819 528 479 480 494
Profit before tax 294 204 462 408 51 162 -485 -1,748 -1,867 -515 -1,318 392 366
Tax % 18% 20% 13% 12% 8% -4% 50% 26% 9% 29% -63% 28%
Net Profit 242 162 401 351 33 151 -255 -1,233 -1,596 -381 -2,162 267 248
EPS in Rs 1.15 0.77 1.53 1.20 0.11 0.51 -0.87 -2.06 -2.66 -0.64 -3.16 0.39 0.37
Dividend Payout % 0% 0% 0% 0% 61% 2% -115% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:16%
5 Years:-4%
3 Years:-12%
TTM:20%
Compounded Profit Growth
10 Years:1%
5 Years:22%
3 Years:29%
TTM:108%
Stock Price CAGR
10 Years:-19%
5 Years:0%
3 Years:21%
1 Year:95%
Return on Equity
10 Years:-6%
5 Years:-13%
3 Years:-11%
Last Year:3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2,096 2,625 2,625 2,938 2,938 2,938 2,938 5,996 5,996 5,996 6,873 6,884
Reserves 1,272 2,542 2,834 3,522 3,407 3,473 4,676 3,391 1,783 1,381 -647 -377
Borrowings 7,045 13,068 17,417 23,015 27,503 32,065 25,076 23,994 23,416 23,194 5,991 5,196
434 2,087 2,630 3,668 4,380 4,086 3,583 4,454 5,907 6,690 5,660 5,321
Total Liabilities 10,848 19,792 25,506 33,143 38,228 42,561 36,273 37,836 37,102 37,260 17,844 16,994
4,228 3,211 9,860 12,341 13,529 24,156 23,530 27,437 31,093 30,650 15,251 14,272
CWIP 2,392 10,324 9,565 15,124 19,631 12,696 8,029 4,848 561 534 477 411
Investments 400 1,986 1,986 1,986 1,986 1,986 1,986 1,986 1,986 1,986 21 112
3,828 4,271 4,095 3,692 3,083 3,724 2,729 3,565 3,461 4,090 2,095 2,199
Total Assets 10,848 19,792 25,506 33,143 38,228 42,561 36,273 37,836 37,102 37,260 17,844 16,994

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
21 591 1,508 1,872 2,249 2,676 2,816 1,413 1,782 1,178 1,028 813
-2,087 -4,226 -6,049 -7,021 -5,059 -4,886 6,416 -802 -230 -191 -145 280
4,529 3,276 3,233 5,014 3,084 2,058 -9,494 -672 -1,543 -1,020 -822 -1,136
Net Cash Flow 2,464 -359 -1,309 -135 274 -152 -262 -61 9 -33 61 -43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 108 77 97 78 37 66 48 80 73 111 45 87
Inventory Days
Days Payable
Cash Conversion Cycle 108 77 97 78 37 66 48 80 73 111 45 87
Working Capital Days 456 -151 -139 -110 -206 -87 -16 -68 -185 -274 -24 22
ROCE % 8% 5% 6% 6% 5% 6% 6% 3% 3% 3% 2% 7%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
29.85 29.85 29.85 29.85 29.85 29.74 26.07 26.07 26.07 26.07 26.02 26.02
1.16 1.08 1.06 1.04 0.61 0.54 0.49 0.47 0.47 0.46 0.63 0.53
50.23 49.31 49.29 49.28 49.62 47.62 40.88 39.55 38.67 36.26 34.68 32.34
0.04 0.04 0.04 0.04 0.04 0.04 0.00 0.00 0.00 0.00 0.00 0.00
18.73 19.73 19.77 19.80 19.89 22.07 32.57 33.91 34.79 37.21 38.67 41.11

Documents