Power Finance Corporation Ltd - Stock Valuation and Financial Performance

BSE: 532810 | NSE: PFC | Finance Term Lending | Large Cap

Power Finance Corp Share Price

453.75 -16.75 -3.56%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Power Finance Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Power Finance Corporation stock performance -

mw4me loader
P/E Ratio (CD):
7.07
Market Cap:
1,49,824.6 Cr.
52-wk low:
309.2
52-wk high:
580.4

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

1. Is Power Finance Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Power Finance Corporation Ltd is a average quality company.

2. Is Power Finance Corporation Ltd undervalued or overvalued?

The key valuation ratios of Power Finance Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Power Finance Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Power Finance Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Power Finance Corp:

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.
Power Finance Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Operating Income (₹ Cr.)24,95427,78027,48148,62454,10662,18971,65676,26277,56891,09797,612
YoY Gr. Rt. %-11.3%-1.1%76.9%11.3%14.9%15.2%6.4%1.7%17.4%-
Adj EPS (₹ ) 18.218.76.820.330.121.635.642.548.259.964.2
YoY Gr. Rt. %-3%-63.8%199%48.3%-28.2%65%19.3%13.4%24.4%-
BVPS (₹ )98.2109.2111.7120.7142.8149.7184.1217.2255306.5333.5
YoY Gr. Rt. %-11.2%2.3%8.1%18.3%4.8%23%18%17.4%20.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)2.82.60.92.32.21.42.22.42.52.80

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income15.5%11%8.3%17.4%
Adj EPS14.2%14.8%18.9%24.4%
BVPS13.5%16.5%18.5%20.2%
Share Price 14.4% 36.8% 65.1% 41.8%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)24.122.38.118.123.415.221.924.627.329.121.7
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)2018.16.122.929.119.628.528.327.228.619.3

Recent Performance Summary

Total Income has increased 8.33 CAGR in last 3 years

Net Profit has increased 18.93 CAGR in last 3 years

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 20.10%

Latest Financials - Power Finance Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 47.3 64.2
TTM Sales (₹ Cr.) 49,213 97,612
BVPS (₹.) 260.4 333.5
Reserves (₹ Cr.) 82,624 1,06,746
P/BV 1.74 1.36
PE 9.60 7.07
From the Market
52 Week Low / High (₹) 309.20 / 580.35
All Time Low / High (₹) 34.48 / 580.35
Market Cap (₹ Cr.) 1,49,825
Equity (₹ Cr.) 3,300.1
Face Value (₹) 10
Industry PE 13

Management X-Ray of Power Finance Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Power Finance Corp

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income25,05227,88827,85948,66955,10962,97072,94676,72278,03393,413
Interest Income24,95427,78027,48148,62454,10662,18971,65676,26277,56891,097
Other Income 98108378451,0037811,2904604652,316
Expenditure 16,60618,72122,59536,88937,24748,87753,05553,33951,53759,825
Interest Expense 15,45616,65716,97030,29234,64640,85244,68844,71247,02657,986
Operating Expenses 161190249675721665631696774987
Provisions 9901,8745,3765,9231,8807,3607,7377,9323,737851
Exceptional Items 0000000000
Profit Before Tax 8,4469,1675,26411,77917,86214,09319,89123,38226,49633,588
Taxes 2,4412,9833,0282,9835,2224,6154,1754,6145,3177,127
Profit After Tax 6,0046,1842,2368,79712,6409,47715,71618,76821,17926,461
Adjusted EPS (₹)18.218.76.820.330.121.635.642.548.259.9
Dividend Payout Ratio (%)20%30%59%31%0%35%22%23%22%23%

Balance Sheet

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

Equity and Liabilities

Equity Capital32,41136,02836,84539,83547,12149,40060,76771,67684,1581,01,147
Share Capital 1,3201,3202,6402,6402,6402,6402,6402,6402,6403,300
Reserves 31,09134,70834,20537,19444,48146,76058,12769,03681,51897,847
Minority Interest00015435163631676621023245992782333142
Long Term Borrowings1,66,4811,74,6961,84,1614,20,4385,25,8435,98,8486,55,2856,68,4467,50,8768,54,326
Current Liabilities 30,01936,49538,53139,43033,17224,50232,17118,96425,91544,207
Trade Payables1770121677553715064114
Short term borrowings4,0647,5722,5439,98218,5187,71813,2671,4116,85112,283
Other Liabilities-4,081-7,641-2,664-10,048-18,593-7,771-13,337-1,461-6,915-12,397
Total Liabilities 2,28,9122,47,2202,59,5375,15,1386,22,4996,89,5157,69,2467,83,6858,88,77210,32,821

Assets

Non Current Asset 1,98,3772,02,8212,08,8875,09,1856,01,8936,78,7667,56,0137,67,3028,69,18810,09,714
Loan Asset 1,97,9302,00,3812,00,9384,94,8905,73,6616,46,1967,22,3877,32,8518,32,9039,69,111
Other Non Current Asset 4472,4407,94914,29528,23232,57033,62734,45136,28540,603
Current Asset 30,53544,39950,6515,95320,60610,74913,23316,38319,58423,107
Current Investment5044111,3261,6271,3681,0131,1358269881,756
Other Current Asset30,03143,98849,3254,32619,2389,73612,09815,55718,59521,352
Total Assets 2,28,9122,47,2202,59,5375,15,1386,22,4996,89,5157,69,2467,83,6858,88,77210,32,821

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -21,455-13,2981,795-57,148-80,252-42,148-59,1434,904-74,717-97,820
Cash Flow From Investing Activity -491-1,973-6671,409-13,463-731,741-547-1,694-3,409
Cash Flow From Financing Activity 26,91610,3831,95052,01893,61643,39960,424-8,37175,5371,01,261
Net Cash Flow 4,970-4,8883,079-3,720-981,1793,023-4,014-87432
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)4547825382745536060
DPS (₹)9145801010121314
BVPS (₹)246273140151178187230271319307

Performance Ratios

ROA (%)2.82.60.92.32.21.42.22.42.52.8
ROE (%)20.018.16.122.929.119.628.528.327.228.6
ROCE (%)11.811.39.311.910.19.19.79.69.610.4

Valuation Parameters

Price/Book(x)1.10.61.10.60.70.50.50.40.51.3

Power Finance Corporation Ltd Stock News

Power Finance Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Power Finance Corp on 21-Nov-2024 16:59 is ₹453.8.
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 21-Nov-2024 16:59 the market cap of Power Finance Corp stood at ₹1,49,824.6.
The latest P/E ratio of Power Finance Corp as of 21-Nov-2024 16:59 is 9.60.
The latest P/B ratio of Power Finance Corp as of 21-Nov-2024 16:59 is 1.74.
The 52-week high of Power Finance Corp is ₹580.4 and the 52-week low is ₹309.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Power Finance Corp is ₹49,213 ( Cr.) .

About Power Finance Corporation Ltd

Power Finance Corporation (PFC) was incorporated on July 16, 1986. The company is a Schedule-A Navratna CPSE, and is a leading Non-Banking Financial Corporation in the Country. The company is under the administrative control of the Ministry of Power. The company was conferred the title of a 'Navratna CPSE' in June 2007, and was classified as an Infrastructure Finance Company by the RBI on July 28, 2010. PFC plays a crucial role in the rise of India as a global player. Increasingly, a country's development is gauged by measuring its energy usage. With a large fraction of its nation still, unfortunately, without any access to electricity, the company will become an increasingly important factor in the years to come.

Business area of the company

The company is engaged in providing financial assistance to Power Utilities for meeting financing and development requirements of the power sector. To meet its fund requirement, PFC has been raising the funds by way of issuance of bonds, term loans from Banks/FIs and ECBs etc.

Products

  • Fund Based Policies/Products
  • Non-Fund Based Policies/Products

Services

  • Non-fund Based Consultancy Services

Subsidiaries of the company

  • PFC Consulting Limited
  • Power Equity Capital Advisors Private Limited
  • Chhattisgarh Surguja Power Limited
  • Coastal Karnataka Power Limited
  • Coastal Maharashtra Mega Power Limited
  • Coastal Tamil Nadu Power Limited
  • Orissa Integrated Power Limited
  • Sakhigopal Integrated Power Company Limited
  • Ghogarpalli Integrated Power Company Limited
  • Tatiya Andhra Mega Power Limited
  • Deoghar Mega Power Limited
  • Cheyyur Infra Limited
  • Odisha Infrapower Limited
  • Deoghar Infra Limited
  • Bihar Infrapower Limited
  • Bihar Mega Power Limited
  • Jharkhand Infrapower Limited
  • Ballabhgarh-GN Transmission Company Limited
  • Tanda Transmission Company Limited
  • Mohindergarh-Bhiwani Transmission Limited
  • South-Central East Delhi Power Transmission Limited
  • Bijawar-Vidarbha Transmission Limited
  • Shongtong Karcham-Wangtoo Transmission Limited
  • Vapi II North Lakhimpur Transmission Limited
  • Lakadia-Vadodara Transmission Project Limited
  • Bikaner-Khetri Transmission Limited
  • Fatehgarh-II Transco Limited
  • Bhuj-Il Transmission Limited
  • REC Limited
  • Energy Efficiency Services Limited
  • REC Transmission Projects Company Limited
  • REC Power Distribution Company Ltd
  • Koderma Transmission Limited
  • Mandar Transmission Limited
  • Dinchang Transmission Limited
  • Chandil Transmission Limited
  • Dumka Transmission Limited
  • Bhind-Guna Transmission Limited
  • Jam Khambaliya Transco Limited
  • Ajmer Phagi Transco Limited
  • WRSS XXI (A) Transco Limited
  • Udupi Kasagode Transmission Limited
  • Khetri Transco Limited
  • Lakadia Banaskantha Transco Limited
  • Creighton Energy Limited
  • EESL EnergyPro Assets Limited
  • Anesco Energy Services (South) Limited
  • EPAL Holdings Limited
  • Edina Power Services Limited
  • Edina UK Limited
  • Armoura Holdings Limited
  • Edina Manufacturing Limited
  • Edina Acquisition Limited
  • Edina Limited
  • Edina Australia Pty Limited
  • Stanbeck Limited
  • Edina Power Limited

Awards

  • SCOPE Meritorious Award Gold Trophy for Good Corporate Governance for the year 2014-15
  • PFC received SCOPE Meritorius Award Gold Trophy for Good Corporate Gpvernance for the year 2014-15 from President of India.
  • PFC received 'Dalal Street Investment Journal PSU Award 2015.
  • PFC received the prestigious ‘Rajbhasha Kirti Pratham Puruskar’ (in the category of region ‘A’) for the year 2015-16.
  • Power Finance Corporation Ltd. has been conferred with Governance Now PSU Award 2016 in the categories of (i) Overall Best Financial Performance (ii) Strategic Performance and (iii) Employee Productivity.
  • CMD PFC awarded Meritorious Energy Service Award by IEF.
  • SCOPE Corporate Communication Excellence Awards 2017.
  • PFC received the ‘One Globe Award for Excellence in Enabling a Mobile Economy’ for the URJA App at the 6th Annual One Globe Forum held on February 10, 2017.
  • Power Finance Corporation has been conferred with CBIP Award 2017 in the category of Best Power Financing Company.
  • CBIP Award 2019.
  • Dun & Bradstreets' India's Leading NBFC (2019) Award.

Milestones

  • 1988: Commenced lending activity
  • 1998: Registered as an NBFC with RBI
  • 2007: IPO of equity shares
  • 2010: Registered with RBI as an IFC & FPO of equity shares
  • 2014: Crossed Rs 2 trillion loan assets
  • 2019: PFC transfers its SPV -- Lakadia -Vadodara Transmission Projects -- to Sterlite Grid 18
  • 2019: Acquires REC limited.
  • 2020: PFC sanctions loans of over Rs 1 lakh crore in FY20.
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