Power Finance Corporation Ltd

PFC is the most preferred financial Institution Providing affordable and competitive Product and service with efficient and internationally integraded sourcing and servicing, partnering the reformes in indian power sector and enhacing value to its stakeholders.

Pros:
Stock is trading at 0.86 times its book value
Stock is providing a good dividend yield of 5.92%.
Company has been maintaining a healthy dividend payout of 41.31%
Cons:
Company has low interest coverage ratio.
Promoter's stake has decreased
The company has delivered a poor growth of 9.33% over past five years.
Company has a low return on equity of 13.07% for last 3 years.

Peer Comparison Sector: Finance // Industry: Finance - Term-Lending Institutions

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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 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
5,042 6,586 8,050 10,178 13,092 17,314 21,407 24,988 27,861 27,581 27,047
85 138 130 197 350 322 748 1,103 2,042 5,538 1,274
Operating Profit 4,957 6,448 7,920 9,981 12,742 16,992 20,659 23,885 25,819 22,043 25,774
OPM % 98% 98% 98% 98% 97% 98% 97% 96% 93% 80% 95%
Other Income 18 4 73 36 5 3 23 25 25 30 198
Interest 3,182 4,436 4,943 6,426 8,595 10,995 13,053 15,456 16,657 16,768 17,541
Depreciation 5 4 4 5 6 6 5 8 20 41 70
Profit before tax 1,788 2,012 3,046 3,586 4,146 5,994 7,624 8,446 9,167 5,264 8,359
Tax % 32% 27% 22% 26% 26% 26% 28% 29% 33% 58% 30%
Net Profit 1,207 1,470 2,378 2,647 3,059 4,438 5,462 6,004 6,184 2,236 5,844
EPS in Rs 4.96 6.06 9.98 11.10 11.10 16.24 19.93 21.84 22.01 7.45 20.54
Dividend Payout % 33% 31% 22% 22% 26% 21% 22% 20% 30% 59% 35%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:18.29%
5 Years:9.33%
3 Years:2.67%
TTM:-1.94%
Compounded Profit Growth
10 Years:17.09%
5 Years:5.69%
3 Years:-0.90%
TTM:161.36%
Return on Equity
10 Years:16.31%
5 Years:15.62%
3 Years:13.07%
Last Year:15.17%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
1,148 1,148 1,148 1,148 1,320 1,320 1,320 1,320 1,320 2,640 2,640
Reserves 9,249 10,569 12,807 14,093 19,473 22,360 26,202 31,091 34,708 34,205 37,562
Borrowings 40,648 52,160 67,108 76,275 110,126 139,473 159,215 187,795 200,660 202,993 230,310
3,727 4,437 2,468 13,228 4,780 6,187 7,607 8,718 10,550 19,721 17,682
Total Liabilities 54,772 68,313 83,532 104,744 135,699 169,339 194,344 228,924 247,239 259,558 288,195
77 75 73 75 77 75 72 102 198 296 370
CWIP 0 0 2 2 0 0 1 2 47 105 412
Investments 66 35 30 27 27 27 27 528 2,230 3,145 1,947
54,629 68,203 83,427 104,640 135,595 169,238 194,245 228,292 244,764 256,011 285,466
Total Assets 54,772 68,313 83,532 104,744 135,699 169,339 194,344 228,924 247,239 259,558 288,195

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-6,261 -10,732 -13,405 -16,641 -27,031 -25,102 -22,473 -21,455 -13,298 1,795 -27,296
-8 27 9 -21 -36 22 9 -491 -1,973 -667 611
6,436 10,450 14,437 17,580 26,676 27,947 17,671 26,916 10,383 1,950 24,152
Net Cash Flow 167 -255 1,041 919 -390 2,868 -4,793 4,970 -4,888 3,079 -2,534

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 11% 11% 12% 11% 12% 12% 12% 11% 9% 10%
Debtor Days 0 0 0 0 0 0 0 0 1 4 5
Inventory Turnover

Credit Ratings