Power Finance Corporation Ltd

Power Fin.Corpn. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Power Finance Corporation Ltd

₹ 379 0.36%
06 Dec - close price
pfcindia.com BSE: 532810 NSE : PFC
About

Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]

Key Points

Products & Services
The company finances infrastructure projects in the Indian Power sector. Its products include:
Fund Based Products: Project Term loans, Lease financing for purchase of equipment, Short/Medium Term loan to equipment manufacturers, Debt refinancing etc.
Non-Fund Based Products: Deferred payment guarantee, Letter of Comfort (LoC), Policy for guarantee of credit enhancement etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,24,958 Cr.
  • Current Price ₹ 379
  • High / Low ₹ 388 / 104
  • Stock P/E 6.96
  • Book Value ₹ 283
  • Dividend Yield 2.80 %
  • ROCE 9.08 %
  • ROE 20.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 18.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.4%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.79% over past five years.
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Finance Industry: Finance - Term-Lending Institutions

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Revenue 18,158 18,435 18,149 18,965 19,268 19,176 18,853 18,532 19,336 19,639 20,061 20,992 22,391
Interest 11,240 11,330 11,244 11,313 11,235 11,235 10,926 10,837 11,413 12,129 12,637 13,670 14,313
1,641 2,135 1,908 2,089 1,747 1,887 2,493 2,184 1,316 900 -339 -81 -551
Financing Profit 5,277 4,970 4,997 5,563 6,286 6,053 5,435 5,511 6,608 6,610 7,763 7,404 8,629
Financing Margin % 29% 27% 28% 29% 33% 32% 29% 30% 34% 34% 39% 35% 39%
18 7 16 7 15 38 20 12 8 24 13 9 13
Depreciation 6 7 7 7 9 9 10 12 12 14 14 12 13
Profit before tax 5,289 4,970 5,006 5,564 6,291 6,082 5,446 5,511 6,604 6,619 7,762 7,401 8,629
Tax % 19% 20% 22% 18% 20% 20% 21% 17% 21% 21% 21% 19% 23%
4,290 3,963 3,906 4,555 5,023 4,894 4,296 4,580 5,229 5,241 6,129 5,982 6,628
EPS in Rs 9.85 8.77 8.85 10.55 11.36 10.85 9.71 10.35 11.92 11.70 14.17 13.87 14.65
Gross NPA % 6.21% 5.48% 5.29% 5.25% 5.17% 5.02% 5.02% 4.38% 3.66% 3.54% 3.40%
Net NPA % 2.60% 2.12% 1.91% 1.80% 1.72% 1.86% 1.60% 1.57% 1.27% 1.15% 1.03% 1.00% 0.98%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 13,092 17,314 21,407 24,988 27,861 27,581 48,624 54,106 62,189 71,656 76,262 77,568 83,083
Interest 8,595 10,995 13,053 15,456 16,657 16,768 30,289 34,627 40,845 44,684 44,709 47,017 52,749
351 331 748 1,103 2,042 5,538 6,583 1,696 7,332 7,102 8,215 4,051 -71
Financing Profit 4,146 5,987 7,607 8,429 9,162 5,275 11,752 17,783 14,012 19,871 23,338 26,501 30,405
Financing Margin % 32% 35% 36% 34% 33% 19% 24% 33% 23% 28% 31% 34% 37%
5 12 23 25 25 30 42 94 105 46 79 47 58
Depreciation 6 6 5 8 20 41 15 15 24 25 35 52 53
Profit before tax 4,146 5,994 7,624 8,446 9,167 5,264 11,779 17,862 14,093 19,891 23,382 26,496 30,411
Tax % 26% 26% 28% 29% 33% 58% 25% 29% 33% 21% 20% 20%
3,059 4,438 5,462 6,004 6,184 2,236 8,797 12,640 9,477 15,716 18,768 21,179 23,980
EPS in Rs 9.27 13.45 16.55 18.19 18.74 6.78 20.27 30.06 21.58 35.60 42.47 48.15 54.39
Dividend Payout % 26% 21% 22% 20% 30% 59% 31% 0% 35% 22% 23% 22%
Compounded Sales Growth
10 Years: 16%
5 Years: 10%
3 Years: 8%
TTM: 9%
Compounded Profit Growth
10 Years: 14%
5 Years: 19%
3 Years: 31%
TTM: 27%
Stock Price CAGR
10 Years: 19%
5 Years: 39%
3 Years: 60%
1 Year: 243%
Return on Equity
10 Years: 19%
5 Years: 20%
3 Years: 21%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1,320 1,320 1,320 1,320 1,320 2,640 2,640 2,640 2,640 2,640 2,640 2,640 3,300
Reserves 19,473 22,360 26,202 31,091 34,708 34,205 37,194 44,481 46,760 58,127 69,036 81,518 89,993
110,126 139,473 159,215 187,795 200,660 202,993 441,151 539,488 596,561 659,682 660,476 751,158 814,065
4,763 6,178 7,582 8,705 10,531 19,700 41,546 42,260 48,560 55,257 58,848 60,796 67,715
Total Liabilities 135,682 169,330 194,320 228,912 247,220 259,537 522,531 628,869 694,521 775,707 791,000 896,112 975,072
77 75 72 102 198 296 161 196 238 341 719 782 781
CWIP 0 0 1 2 47 105 129 199 288 336 53 22 15
Investments 27 27 27 528 2,230 3,145 5,493 4,604 4,404 3,499 3,774 5,973 6,923
135,578 169,229 194,220 228,280 244,745 255,990 516,749 623,871 689,590 771,530 786,454 889,334 967,353
Total Assets 135,682 169,330 194,320 228,912 247,220 259,537 522,531 628,869 694,521 775,707 791,000 896,112 975,072

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-27,031 -25,102 -22,473 -21,455 -13,298 1,795 -57,148 -80,252 -42,148 -59,143 4,904 -74,699
-36 22 9 -491 -1,973 -667 1,409 -13,463 -73 1,741 -547 -1,694
26,676 27,947 17,671 26,916 10,383 1,950 52,018 93,616 43,399 60,424 -8,371 75,518
Net Cash Flow -390 2,868 -4,793 4,970 -4,888 3,079 -3,720 -98 1,179 3,023 -4,014 -874

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 17% 20% 21% 20% 18% 6% 17% 23% 15% 21% 21% 20%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99% 55.99%
17.37% 17.32% 17.35% 17.88% 16.71% 16.76% 16.21% 16.82% 16.85% 16.49% 17.49% 16.85%
20.18% 19.55% 19.37% 13.66% 13.58% 13.58% 12.74% 17.22% 17.87% 18.63% 18.10% 17.86%
6.45% 7.14% 7.28% 12.47% 13.72% 13.66% 15.05% 9.95% 9.26% 8.89% 8.42% 9.29%
No. of Shareholders 2,65,7943,08,6513,43,6903,21,5943,83,0464,17,3374,45,8344,60,8934,19,1224,29,3974,32,0845,33,375

* 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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