India Power Corporation Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: DPSCLTD | Power Generation/Distribution | Small Cap

BSE Share Price
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Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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India Power Corporation stock performance -

P/E Ratio (SA):
80.72
Market Cap:
1,212.4 Cr.
52-wk low:
0
52-wk high:
0

Is India Power Corporation Ltd an attractive stock to invest in?


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10 Year X-Ray of India Power Corpn.: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
India Power Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.5%4.9%6.6%6.4%6.2%4.3%3.4%4%5.3%6.3%-
Value Creation
Index
-0.6-0.7-0.5-0.5-0.6-0.7-0.8-0.7-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 627562450481523481500560599627626
Sales YoY Gr.--10.4%-20%6.9%8.8%-8.1%3.9%12.1%7%4.6%-
Adj EPS 0.30.30.10.20.2-00.4-0.3-0.300.2
YoY Gr.-28%-78.1%200%-23.8%-106.3%NA-167.6%NANA-
BVPS (₹) 1010.510.911.111.316.111.79.15.45.65.7
Adj Net
Profit
24.331.46.820.815.1-0.935.9-24.5-32.73.315
Cash Flow from Ops. 36.225.213663.313993.832.7-2.469.699.8-
Debt/CF from Ops. 14.933.84.310.22.43.78.9-136.442.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0%3.7%7.9%4.6%
Adj EPS -21%-28.5%-56.7%NA
BVPS-6.2%-13.2%-21.9%2.8%
Share Price - 6.2% -4.4% -23.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.430.61.81.3-0.12.2-1.6-2.70.32.7
Op. Profit
Mgn %
15.111.11614.612.810.816.61.7-1.26.38.3
Net Profit
Mgn %
3.95.61.54.32.9-0.27.2-4.4-5.50.52.3
Debt to
Equity
0.60.80.60.60.30.20.30.40.50.4-
Working Cap
Days
6617731,0401,1231,0481,0611,041874715643266
Cash Conv.
Cycle
913-2014-4-25-7-31-7072

Recent Performance Summary

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Latest Financials - India Power Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0.2
TTM Sales (₹ Cr.) 626 646
BVPS (₹.) 5.7 5.6
Reserves (₹ Cr.) 458 450
P/BV 2.18 2.21
PE 80.72 73.66
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 1,212
Equity (₹ Cr.) 97.4
Face Value (₹) 1
Industry PE 28.8

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 154 -3.3151 -3.6152 -3.1150 -3.6
Adj EPS (₹) 0.1 1000.1 -9.10.2 16.70.1 -12.5
Op. Profit Mgn % 31.31 311 bps31.54 -48 bps31.31 -278 bps30.68 -63 bps
Net Profit Mgn % 13.42 687 bps11.25 -128 bps24.27 396 bps7.94 -119 bps

Management X-Ray of India Power Corpn.:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:59.47%Institutions:0.27%Non-Institutions:40.25%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec24Mar250%10%20%30%40%50%60%70%
Pledged *0.0067.2467.2467.2467.2467.2667.2667.2667.2667.26
* Pledged shares as % of Promoter's holding (%)

Valuation of India Power Corpn.

MRP
spaceLock icon
MOS
spaceLock icon%
DP
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Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of India Power Corpn.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
PTC India 176.6 0.7 (0.4%) Small Cap 16,007 14.1 2.4 12.5 1.2
CESC 157.7 0.7 (0.4%) Small Cap 8,606 5.9 -3.4 26.5 2
Reliance Power 41.8 0.2 (0.4%) Small Cap 7,893 6 -28 6.9 1.2
JP Power Ventures 15.4 0.1 (0.9%) Small Cap 6,763 1.3 18.3 11.5 1.3
RattanIndia Power 10.2 0.1 (1.2%) Small Cap 3,364 -1.9 -4.6 - 1.2
Nava 482.3 -9.5 (-1.9%) Small Cap 1,468 14 14.4 35.2 4
Guj. Inds. Power 187.2 3.1 (1.7%) Small Cap 1,349 13.7 14.7 13.4 0.8
Waaree Renewables 1,023.9 85.7 (9.1%) Small Cap 867 18.1 17.2 51.9 26.2
GMR Power and Urban 131.7 -0.2 (-0.1%) Small Cap 779 14.9 85 8.8 5.1
Acme Solar Holdings 204.7 -2.3 (-1.1%) Small Cap 471 6.9 -3 29.8 2.4
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales627562450481523481500560599627
Operating Expenses 533500379411456429417551610587
Manufacturing Costs479450302341387357347484534504
Material Costs0000000000
Employee Cost 41383853494949484957
Other Costs 13123817202421192726
Operating Profit 946272706752839-1140
Operating Profit Margin (%) 15.0%11.0%15.9%14.6%12.8%10.7%16.6%1.7%-1.9%6.3%
Other Income 2411959512819242830
Interest 45415878744638333833
Depreciation 15181817162930292933
Exceptional Items 00470023-13506816
Profit Before Tax 37446135282821221920
Tax 12122213912-6655
Profit After Tax 24323921191727161415
PAT Margin (%) 3.9%5.8%8.7%4.4%3.6%3.5%5.3%2.9%2.3%2.4%
Adjusted EPS (₹)0.30.30.40.20.20.20.30.20.10.2
Dividend Payout Ratio (%)20%15%12%23%26%29%18%30%36%32%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9701,0201,0591,0811,1031,5641,5881,317953961
Share Capital 97979797979797979797
Reserves 8739229629831,0061,4671,4901,219855864
Minority Interest0000000000
Debt510798548594284295268293254185
Long Term Debt392624435392162127164216205159
Short Term Debt118174113202122168104765026
Trade Payables72727243319980103210240
Others Liabilities 325351396441495614572595606668
Total Liabilities 1,8772,2412,0752,1581,9132,5732,5082,3072,0242,055

Fixed Assets

Gross Block4703853773924159971,0721,0501,0681,086
Accumulated Depreciation851834516796122142171204
Net Fixed Assets385367343341348902950907897882
CWIP 1891538688422211514
Investments 31860532211610710110210134
Inventories18131099788109
Trade Receivables7892605652656183101112
Cash Equivalents 17187125245615152531
Others Assets1,0441,1361,2531,5721,3051,3581,3501,1729731,004
Total Assets 1,8772,2412,0752,1581,9132,5732,5082,3072,0242,055

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3625136631399433-270100
PBT 37446135282821221920
Adjustment 5544124126383103436
Changes in Working Capital -45-5564-109130-15-201746
Tax Paid -10-7-1-3-6-3-4-40-2
Cash Flow From Investing Activity -126-245307-7254-199-15-1-30
Capex -197-15-29-45-26-14-126-9
Net Investments -110-2529842898-20-8-10
Others 312241710-126-31-12
Cash Flow From Financing Activity 92222-448-54-397-36-8415-64-75
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 103261-205-33-215-471271-15-34
Interest Paid -55-88-114-70-64-32-30-25-20-15
Dividend Paid -2-2-2-2-3-3-2-2-2-2
Others 4651-12750-11546-64-28-26-24
Net Cash Flow 23-52-439-42-25-5
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.533.253.761.991.711.251.971.591.922.81
ROCE (%)5.484.876.576.426.224.273.373.985.286.25
Asset Turnover Ratio0.350.270.210.230.260.210.20.230.280.31
PAT to CFO Conversion(x)1.50.783.4937.325.531.22-0.1356.67
Working Capital Days
Receivable Days49556244384446475662
Inventory Days101097766555
Payable Days0000000000

India Power Corporation Ltd Stock News

India Power Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of India Power Corpn. on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of India Power Corpn. stood at ₹1,212.4.
The latest P/E ratio of India Power Corpn. as of 01-Jan-1970 05:30 is 80.72.
The latest P/B ratio of India Power Corpn. as of 01-Jan-1970 05:30 is 2.18.
The 52-week high of India Power Corpn. is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Power Corpn. is ₹625.7 ( Cr.) .

About India Power Corporation Ltd

DPSC Limited (DPSCL) and Associated Power Co. Ltd.,(APC) were incorporated in the year 1919 primarily to supply power to the Bengal Coal Company Ltd, then the largest producer of Coal in Asia, and also to the railways, industries and townships in the Asansol - Raniganj areas.

Coal companies used to maintain and operate captive generating plants for supply of electric energy to their respective coal mines.Accordingly, DPSC Limited and APC were issued licences for the purpose of generation and distribution of electric energy in the year 1932 ,1934 respectively.Since then, they have been operating Power Stations located at Dishergarh,Seebpore and added new plants and equipment to meet the growing demand of electricity. In subsequent years they were converted into Public Limited Companies. APC became a wholly owned subsidiary of DPSC Limited and later merged with the DPSC Limited in the year 1977.

The licensed area of the two companies was 618 sq.km. They were serving the consumers with high tension distribution mains mostly comprising of 11 KV. overhead lines and having approximate circuit lengths of 395 km. New lines were being added every year for rendering increased stability of supply.

With the enactment of DVC Act, 1948, the power companies were debarred from extending their generating capacity and agreement for bulk supply from Damodar Valley Corporation were made in the year 1951 for supply of power to four Receiving Stations.

In 1951, the two companies extended their service considerably and in 1962, agreements made for bulk supply of power from West Bengal State Electricity Board (WBSEB) by both companies to overcome the acute shortage of power in the eastern region.

In the post-independence period, the policy of the government was to develop power in the government sector. This restricted the growth of the company, in spite of this , the company maintained its reputation for the quality of its service and continued to operate efficiently by extending its services in the Asansol - Raniganj industrial belt, to Coal Mines, Paper Mills, the Railways, Hospitals, Television Stations, Water Pumping Stations, Technical Institutions, and a host of large, medium, and small industries who, irrespective of there size, get the same level of service backed by zeal, integrity and commitment way beyond the call of duty.

DPSC is pervaded by a unique culture comprising 3 Ds - Discipline, Dedication and Devotion. Over the decade, this culture has permeated all levels of the Organisation.

APC became a wholly owned subsidiary of DPSC Limited and later merged with the DPSC Limited in the year 1977.

The Bihar government passed an ordinance in 1975, wherein a licensed area of 58-sq. km. was swept away rendering the balanced area of 618 sq.kms that spread over Andal to Barakar in Asansol - Raniganj coal Belt in W.B. -Licensed Operating Voltage 11KV, 3.3 KV, 550 V. The total overhead circuit km 33/11/3.3/0.550/0.440kv is approximately 800km an underground cable is approximately 200km.

Milestones achieved

  • 1919- DPSC Limited Incorporated.
  • 1932- DPSC Limited got license for generation and distribution of electric energy.
  • 1948- Enactment of DVC Act, 1948.
  • 1949- Established its Central Office at Sanctoria - Asansol.
  • 1951- DPSC Limited entered into agreements with DVC for Bulk Supply of Power to meet the growing demands of power of consumers and became the first consumer of DVC.
  • 1962 - Agreements with WBSEB for bulk supply of Power.
  • 1965 -DPSC Limited commissioned One 5 MW Turbo - Alternator & a Boiler.
  • 1975 -Bihar govt passed an ordinance, wherein a licensed area of 58-sq. km. swept away rendering the balanced area of 618 sq.kms.
  • 1995 -The prestigious ' ET 500 ' ranks DPSC Limited as best private power company in the country & 89th amongst the TOP 500 BEST PERFORMING COMPANIES in India

Awards/ Achievements

For DPSC Limited, 1995 has been an outstanding year with the prestigious “ET 500' published by the Economic Times ranking DPSC Limited as the top performer among India's power supply and distribution.”

Future plans

Some of the future plans of the company includes continuous ongoing modernisation through addition of generating capacity, augmenting distribution network, cutting transmission losses and enhancing reliability.Setting up of 132/33 kV Substation for interconnection with DVC and regional grid, Conversion & Augmentation of 11 kV transmission line system to 33 kV, Installation of 2 X 250 MW Thermal Power Plant at the existing plant at Dishergarh, Construction of 33/11 kV substation at Feeder Raod and Ikra at Dishergarh, Building, operating and maintaining power plants and distribution network in new areas.

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