Jaiprakash Power Ventures Ltd

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

Pros:
Stock is trading at 0.15 times its book value
Cons:
Company has low interest coverage ratio.
Promoter's stake has decreased
Promoter holding is low: 29.85%
Company has a low return on equity of -11.32% for last 3 years.
Contingent liabilities of Rs.735.37 Cr.
Promoters have pledged 86.97% of their holding

Peer Comparison Sector: Power Generation & Distribution // Industry: Power Generation And Supply

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
329 301 297 691 737 1,616 2,459 2,889 4,140 4,113 4,658 4,877
25 25 47 85 91 134 500 840 1,356 1,561 2,944 3,348
Operating Profit 304 276 250 606 646 1,482 1,958 2,050 2,783 2,552 1,713 1,528
OPM % 92% 92% 84% 88% 88% 92% 80% 71% 67% 62% 37% 31%
Other Income 77 110 40 27 104 71 38 24 85 75 87 43
Interest 110 99 82 236 448 859 1,213 1,524 2,189 2,478 2,777 2,619
Depreciation 46 46 47 103 98 231 376 499 518 635 771 819
Profit before tax 225 241 161 294 204 462 408 51 162 -485 -1,748 -1,867
Tax % 11% 11% 11% 18% 20% 13% 12% 8% -4% 50% 26% 9%
Net Profit 200 213 143 242 162 401 351 33 151 -255 -1,233 -1,596
EPS in Rs 4.06 4.09 2.65 1.15 0.77 1.53 1.20 0.08 0.49 -0.87 0.00 0.00
Dividend Payout % 0% 35% 52% 0% 0% 0% 0% 61% 2% -115% -0% -0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:32.12%
5 Years:14.68%
3 Years:5.62%
TTM:4.71%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-4.36%
Return on Equity
10 Years:-2.24%
5 Years:-6.91%
3 Years:-11.32%
Last Year:-14.99%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
491 491 491 2,096 2,625 2,625 2,938 2,938 2,938 2,938 5,996 5,996
Reserves 412 539 584 1,272 2,542 2,834 3,522 3,407 3,473 4,676 3,391 1,783
Borrowings 1,070 900 989 7,045 13,068 17,417 23,015 27,503 32,065 25,076 23,994 23,416
90 160 206 434 2,087 2,670 3,781 4,556 4,438 4,447 5,531 7,243
Total Liabilities 2,063 2,090 2,270 10,848 19,792 25,547 33,256 38,404 42,914 37,137 38,913 38,439
1,544 1,506 1,585 4,228 3,211 9,860 12,341 13,529 24,156 23,530 27,437 31,093
CWIP 44 94 251 2,392 10,324 9,565 15,124 19,631 12,696 8,029 4,848 561
Investments 0 0 0 400 1,986 1,986 1,986 1,986 1,986 1,986 1,986 1,986
474 491 434 3,828 4,271 4,135 3,806 3,259 4,076 3,593 4,642 4,798
Total Assets 2,063 2,090 2,270 10,848 19,792 25,547 33,256 38,404 42,914 37,137 38,913 38,439

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
88 300 375 21 591 1,508 1,872 2,249 2,676 2,816 1,413 1,782
-40 37 -246 -2,087 -4,226 -6,049 -7,021 -5,059 -4,886 6,416 -802 -230
-39 -300 -102 4,529 3,276 3,233 5,014 3,084 2,058 -9,494 -672 -1,543
Net Cash Flow 9 37 28 2,464 -359 -1,309 -135 274 -152 -262 -61 9

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 14% 12% 8% 5% 6% 6% 5% 6% 6% 3% 3%
Debtor Days 284 260 148 108 77 97 78 37 66 48 80 73
Inventory Turnover 52.59 60.18 51.93 19.24 31.10 26.49 19.44 16.94 11.82 13.65 17.96