Power Finance Corporation Ltd
Power Finance Corporation (Govt. of India undertaking & Schedule-A Navratna CPSE #) is engaged in the business of extending financial assistance to power sector and is a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance Company (IFC).
- Market Cap ₹ 35,256 Cr.
- Current Price ₹ 134
- High / Low ₹ 139 / 74.2
- Stock P/E 3.79
- Book Value ₹ 226
- Dividend Yield 7.10 %
- ROCE 8.91 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.59 times its book value
- Stock is providing a good dividend yield of 7.10%.
- Company's median sales growth is 16.73% of last 10 years
Cons
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -9.93%
Peer comparison
Sector: Finance Industry: Finance - Term-Lending Institutions
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
13,343 | 13,276 | 14,045 | 14,363 | 14,599 | 15,530 | 15,873 | 16,193 | 16,914 | 18,158 | 18,435 | |
997 | 286 | 657 | 687 | 613 | 1,760 | 780 | 4,184 | 1,437 | 1,641 | 2,135 | |
Operating Profit | 12,346 | 12,990 | 13,388 | 13,676 | 13,986 | 13,770 | 15,093 | 12,009 | 15,477 | 16,517 | 16,300 |
OPM % | 93% | 98% | 95% | 95% | 96% | 89% | 95% | 74% | 92% | 91% | 88% |
Other Income | 4 | 18 | 26 | 56 | 20 | 8 | 12 | 65 | 23 | 18 | 7 |
Interest | 8,159 | 8,450 | 8,871 | 9,146 | 9,938 | 10,153 | 10,264 | 10,491 | 10,869 | 11,240 | 11,330 |
Depreciation | 3 | 3 | 4 | 5 | 5 | 6 | 6 | 8 | 6 | 6 | 7 |
Profit before tax | 4,187 | 4,554 | 4,540 | 4,581 | 4,063 | 3,620 | 4,834 | 1,576 | 4,626 | 5,289 | 4,970 |
Tax % | 32% | 45% | 15% | 26% | 29% | 31% | 30% | 56% | 23% | 19% | 20% |
Net Profit | 2,167 | 1,688 | 3,268 | 2,798 | 2,185 | 1,871 | 2,597 | 469 | 2,683 | 3,249 | 2,894 |
EPS in Rs | 8.21 | 6.39 | 12.38 | 10.60 | 8.28 | 7.09 | 9.84 | 1.78 | 10.16 | 12.31 | 10.96 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6,586 | 8,050 | 10,178 | 13,092 | 17,314 | 21,407 | 24,988 | 27,861 | 27,581 | 48,624 | 54,106 | 62,189 | 69,700 | |
138 | 130 | 197 | 350 | 322 | 748 | 1,103 | 2,042 | 5,538 | 6,583 | 1,696 | 7,332 | 9,396 | |
Operating Profit | 6,448 | 7,920 | 9,981 | 12,742 | 16,992 | 20,659 | 23,885 | 25,819 | 22,043 | 42,041 | 52,410 | 54,857 | 60,304 |
OPM % | 98% | 98% | 98% | 97% | 98% | 97% | 96% | 93% | 80% | 86% | 97% | 88% | 87% |
Other Income | 4 | 73 | 36 | 5 | 3 | 23 | 25 | 25 | 30 | 42 | 94 | 105 | 113 |
Interest | 4,436 | 4,943 | 6,426 | 8,595 | 10,995 | 13,053 | 15,456 | 16,657 | 16,768 | 30,289 | 34,627 | 40,845 | 43,930 |
Depreciation | 4 | 4 | 5 | 6 | 6 | 5 | 8 | 20 | 41 | 15 | 15 | 24 | 26 |
Profit before tax | 2,012 | 3,046 | 3,586 | 4,146 | 5,994 | 7,624 | 8,446 | 9,167 | 5,264 | 11,779 | 17,862 | 14,093 | 16,461 |
Tax % | 27% | 22% | 26% | 26% | 26% | 28% | 29% | 33% | 58% | 25% | 29% | 33% | |
Net Profit | 1,470 | 2,378 | 2,647 | 3,059 | 4,438 | 5,462 | 6,004 | 6,184 | 2,236 | 6,689 | 9,921 | 7,122 | 9,295 |
EPS in Rs | 6.40 | 10.36 | 11.53 | 11.59 | 16.81 | 20.69 | 22.74 | 23.42 | 8.47 | 25.34 | 37.58 | 26.98 | 35.21 |
Dividend Payout % | 31% | 22% | 22% | 26% | 21% | 22% | 20% | 30% | 59% | 31% | 0% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 20% |
3 Years: | 31% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 3% |
3 Years: | 47% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | 10% |
3 Years: | 13% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,148 | 1,148 | 1,148 | 1,320 | 1,320 | 1,320 | 1,320 | 1,320 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | |
Reserves | 10,569 | 12,807 | 14,093 | 19,473 | 22,360 | 26,202 | 31,091 | 34,708 | 34,205 | 37,194 | 44,481 | 46,760 | 57,135 |
Borrowings | 52,160 | 67,108 | 76,275 | 110,126 | 139,473 | 159,215 | 187,795 | 200,660 | 202,993 | 441,151 | 539,488 | 596,563 | 646,286 |
4,427 | 2,461 | 13,210 | 4,763 | 6,178 | 7,582 | 8,705 | 10,531 | 19,700 | 41,546 | 42,260 | 48,558 | 50,594 | |
Total Liabilities | 68,304 | 83,525 | 104,725 | 135,682 | 169,330 | 194,320 | 228,912 | 247,220 | 259,537 | 522,531 | 628,869 | 694,521 | 756,655 |
75 | 73 | 75 | 77 | 75 | 72 | 102 | 198 | 296 | 161 | 196 | 238 | 237 | |
CWIP | 0 | 2 | 2 | 0 | 0 | 1 | 2 | 47 | 105 | 129 | 199 | 288 | 405 |
Investments | 35 | 30 | 27 | 27 | 27 | 27 | 528 | 2,230 | 3,145 | 5,493 | 4,604 | 4,404 | 5,718 |
68,193 | 83,420 | 104,622 | 135,578 | 169,229 | 194,220 | 228,280 | 244,745 | 255,990 | 516,749 | 623,871 | 689,591 | 750,295 | |
Total Assets | 68,304 | 83,525 | 104,725 | 135,682 | 169,330 | 194,320 | 228,912 | 247,220 | 259,537 | 522,531 | 628,869 | 694,521 | 756,655 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-10,732 | -13,405 | -16,641 | -27,031 | -25,102 | -22,473 | -21,455 | -13,298 | 1,795 | -57,148 | -80,252 | -42,690 | |
27 | 9 | -21 | -36 | 22 | 9 | -491 | -1,973 | -667 | 1,409 | -13,463 | 470 | |
10,450 | 14,437 | 17,580 | 26,676 | 27,947 | 17,671 | 26,916 | 10,383 | 1,950 | 52,018 | 93,616 | 43,399 | |
Net Cash Flow | -255 | 1,041 | 919 | -390 | 2,868 | -4,793 | 4,970 | -4,888 | 3,079 | -3,720 | -98 | 1,179 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 11% | 11% | 12% | 11% | 12% | 12% | 12% | 11% | 9% | 12% | 10% | 9% |
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 1 | 1 | 1 |
Inventory Turnover |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Dividend Updates 4h
- Announcement under Regulation 30 (LODR)-Dividend Updates 4h
- Outcome Of Board Meeting- Intimation Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Market Borrowing Program For FY 2021-22 26 Feb
- Board Meeting Intimation for Intimation Pursuant To Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Market Borrowing Program For FY 2021-22 23 Feb
- Outcome Of Board Meeting 11 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse