Suryachakra Power Corporation Ltd - Stock Valuation and Financial Performance

BSE: 532874 | NSE: | Power Generation/Distribution | Small Cap

Suryachakra Power Share Price

0.59 0.00 0.00%
as on 27-Feb'23 18:02

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Suryachakra Power Corporation stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
8.8 Cr.
52-wk low:
0.6
52-wk high:
0.6

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

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

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

2. Is Suryachakra Power Corporation Ltd undervalued or overvalued?

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suryachakra Power Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Suryachakra Power:

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.
Suryachakra Power Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
ROCE % 7.8%3.7%6%5.2%-1.6%-0.5%0.6%-39.3%-4.3%-111.5%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10413420714514713514614210798.534
Sales YoY Gr.-28.6%54%-29.9%1.4%-8.4%8.4%-2.5%-24.9%-8%-
Adj EPS 0.70.20.50.4-1-0.8-0.2-6.13.5-7.9-3.8
YoY Gr.--72.1%136.8%-13.3%-361.5%NANANANA-324.5%-
BVPS (₹) 1717.418.118.611.718.713.87.77.1-0.8-4.7
Adj Net
Profit
5.21.53.53-15.2-12.4-3.2-91.152.5-118-57
Cash Flow from Ops. -18.418.3137.6-63.2116.45.322.50.4-
Debt/CF from Ops. -3.24.35.111.1-0.98.310.111.32.6159.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.7%-7.7%-12.3%-8%
Adj EPS -231.3%NANA-324.5%
BVPS-171.2%-158.5%-138.7%-111.3%
Share Price -12.5% 16.9% -24.3% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
Return on
Equity %
5.21.12.52.1-10.5-4.3-1.5-56.547.3-250.7139.1
Op. Profit
Mgn %
13.476.912.42.43.45.35.94.2-2-170.8
Net Profit
Mgn %
51.11.72.1-10.4-9.2-2.2-6449.1-119.8-168.7
Debt to
Equity
0.50.60.50.60.30.30.30.50.6-4.9-
Working Cap
Days
202231130278321609424401464334165
Cash Conv.
Cycle
-275842756610150617865-160

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 139.10%

Sales growth has been subdued in last 3 years -12.31%

Sales growth is not so good in last 4 quarters at -58.01%

Latest Financials - Suryachakra Power Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) -3.8 -3.9
TTM Sales (₹ Cr.) 34.1 53.7
BVPS (₹.) -4.7 6.7
Reserves (₹ Cr.) -220 -49
P/BV -0.13 0.09
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 0.59 / 0.62
All Time Low / High (₹) 0.19 / 59.25
Market Cap (₹ Cr.) 8.8
Equity (₹ Cr.) 149.6
Face Value (₹) 10
Industry PE 26.7

Management X-Ray of Suryachakra Power:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *96.0596.6396.6396.6399.1899.4799.47100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Suryachakra Power

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17
Sales104.44134.32206.90145183.84101.04146142.40106.9798.45
Operating Expenses 90.40124.96192.73127.05179.5097.59138.28134.06102.45100.40
Manufacturing Costs12.10121.99187.55123.78162.7095.29134.53129.7098.9296.77
Material Costs78.12-0.970.970000000
Employee Cost 0.540.560.691.101.580.981.621.631.601.20
Other Costs -0.353.383.522.1715.221.322.132.731.922.43
Operating Profit 14.039.3614.1717.954.343.467.728.354.52-1.95
Operating Profit Margin (%) 13.4%7.0%6.9%12.4%2.4%3.4%5.3%5.9%4.2%-2.0%
Other Income 6.094.273.190.170.010.110.050.0500
Interest 7.355.667.247.6715.017.813.883.122.530.01
Depreciation 6.426.307.316.838.415.086.185.103.192.04
Exceptional Items -2.0402.450000-91.24-8.62-113.95
Profit Before Tax 4.311.675.263.61-19.07-9.32-2.29-91.06-9.83-117.94
Tax 0.510.200.060.65000.92000
Profit After Tax 3.791.475.202.97-19.07-9.32-3.21-91.06-9.83-117.94
PAT Margin (%) 3.6%1.1%2.5%2.0%-10.4%-9.2%-2.2%-63.9%-9.2%-119.0%
Adjusted EPS (₹)0.50.20.70.4-1.3-0.6-0.2-6.1-0.7-7.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17

Equity and Liabilities

Shareholders Fund 135.91137.38138.64142.68219.44210.12206.91115.85106.02-11.92
Share Capital 76.6376.6376.6376.63149.63149.63149.63149.63149.63149.63
Reserves 59.2860.7562.0166.0569.8160.4957.28-33.78-43.61-161.56
Minority Interest0000000000
Debt59.4578.8865.7473.7363.7160.3454.4648.6243.3739.46
Long Term Debt59.4578.8865.74019.4816.2811.897.793.540
Short Term Debt00073.7344.2344.0542.5740.8339.8339.46
Trade Payables8.6821.4323.9977.1511.1016.1418.1010.1710.039.71
Others Liabilities 5.070.361.2921.3226.0728.0731.6335.0828.1432.32
Total Liabilities 209.11238.06229.66314.88320.32314.68311.09209.72187.5569.57

Fixed Assets

Gross Block84.7988.6486.8587.1687.8487.7587.7587.6687.6687.66
Accumulated Depreciation32.5638.8545.9752.7961.2366.3172.4977.5480.7382.77
Net Fixed Assets52.2349.7940.8834.3726.6021.4315.2610.126.934.89
CWIP 0.1231.8531.680000000
Investments 59.9167.9089.13124.79124.79124.79124.7957.9535.720.02
Inventories4.966.155.746.105.755.666.025.915.955.74
Trade Receivables30.1432.7550.99107.3741.2730.3232.9132.2622.2820.59
Cash Equivalents 2.483.032.080.810.040.070.030.0214.8214.81
Others Assets59.2746.599.1641.45121.86132.40132.09103.46101.8523.52
Total Assets 209.11238.06229.66314.88320.32314.68311.09209.72187.5569.57

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17
Cash Flow From Operating Activity -18.4018.3412.997.64-78.988.266.415.3122.510.37
PBT 4.311.675.264.95-22.73-9.32-3.21-91.06-1.21-117.94
Adjustment 3.159.229.9811.6741.1412.8910.01100.195.73116
Changes in Working Capital -24.987.76-2.11-8.41-97.395.52-0.88-3.89182.31
Tax Paid -0.89-0.31-0.14-0.570-0.830.500.0700
Cash Flow From Investing Activity -55.98-31.904.10-22.260-0.0900.090.060
Capex 0.89-9.86-0.87-12.690-0.0900.0900
Net Investments -60.47-25.8319.17000000.060
Others 3.603.79-14.20-9.56000000
Cash Flow From Financing Activity 76.0914.10-18.0313.3478.21-8.14-6.46-5.41-7.77-0.38
Net Proceeds from Shares 0000102.5300000
Net Proceeds from Borrowing 13.6518.3400000000
Interest Paid -5.56-4.23-11.86-9.20-9.65-3.27-3.17-0.25-2.53-0.01
Dividend Paid 0000000000
Others 680-6.1722.55-14.68-4.87-3.29-5.16-5.24-0.37
Net Cash Flow 1.700.55-0.94-1.27-0.770.03-0.04-0.0114.80-0.01
PARTICULARSMar'08Mar'09Mar'10Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17
Ratios
ROE (%)3.921.123.832.11-10.53-4.34-1.54-56.43-8.86N/A
ROCE (%)7.83.656.015.23-1.56-0.530.58-39.28-4.28N/A
Asset Turnover Ratio0.630.60.880.530.580.320.470.550.540.77
PAT to CFO Conversion(x)-4.8512.482.52.57N/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days74857419914812979849379
Inventory Days18151015122115152022
Payable Days31-5,6458,5150000000

Suryachakra Power Corporation Ltd Stock News

Suryachakra Power Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Suryachakra Power on 27-Feb-2023 18:02 is ₹0.59.
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 27-Feb-2023 18:02 the market cap of Suryachakra Power stood at ₹8.83.
The latest P/E ratio of Suryachakra Power as of 27-Feb-2023 18:02 is 0.00.
The latest P/B ratio of Suryachakra Power as of 27-Feb-2023 18:02 is -0.13.
The 52-week high of Suryachakra Power is ₹0.62 and the 52-week low is ₹0.59.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suryachakra Power is ₹34.06 ( Cr.) .

About Suryachakra Power Corporation Ltd

Suryachakra Power Corporation (SPCL) is the flagship company of Suryachakra Group with interests in Power generation – renewable energy (biomass, Solar, hydro) and coal based, Engineering and Consultancy and Urban infrastructure development activities.

The company is actively engaged in the generation of power in line with the National Policy.The Suryachakra Group is the first company in the private sector to dedicate power plants to the nation at Port Blair, Andaman & Nicobar Islands. The Group is committed to strive for excellence in the field of power generation through sustained leadership in the execution of quality power projects throughout the country. It is our endeavour to put to use the state-of-the-art technology in building highly cost effective power plants.

The company had set up 20 MW power plant in a remote area near Port Blair, in Andaman Islands at a cost of Rs 850 million and dedicated to the nation. The plant is in operation since April 2003. It has already notched up an annual turnover of Rs 1 billion. The company has conducted biomass assessment study and also the Detail Project Report (DPR). The company has also signed a MoU with Malaysian /Indonesian firms for import of woodchips & Empty Fruit Bunches.

Suryachakra had bagged the award to construct and operate a 20 MW Diesel based Power Plant in Andaman & Nicobar Islands by the A & N Administration. The project was awarded to Suryachakra in Competitive Bidding. Accordingly, the Power Purchase Agreement (PPA) was signed by the Chief Secretary, Andaman & Nicobar Administration on behalf of President of India on 20th November 1997. The term of the PPA is for 15 years extendable three further periods of 5 years each. The A & N administration declared commercial operation date for the plant at Andaman and Nicobar with effect from April 1, 2003.

The project was funded by State Bank of India and SREI Infrastructure Finance Ltd. The equity was originally provided by Dr. S.M.Manepalli & Associates, Caterpillar and BSES Limited.

Suryachakra Power Corporation Limited is setting up of a 20 MW biomass based power plant in Navsari District, Gujarat. The company has conducted biomass assessment study report, submitted to Gujarat Energy Development Agency [GEDA]. In Principal approval received.  The Company is accredited with ISO.9001: 2000 certification.

In 2009 the Companyacquired M/s. Suryachakra Power Venture Pvt. Ltd, one of its Group Companies, as wholly owned subsidiary of the Company.

Subsidiary

Suryachakra Power Corporation Limited has established 3 wholly owned subsidiaries for setting up of renewable energy (biomass) power projects and also acquired 51% stake in Sri Panchajanya Power Private limited which is setting up a 9.8 MW Biomass Power Plant at Hingoli, Maharashtra.

The company is also pursuing acquisition of coal mines, trading, biofuel plantations and processing. SPCL is holding a Power Trading license by Central Electricity Regulatory Authority for carrying out inter state sale (trade) of power.

Project Development Partners

  • Caterpillar- This prestigious Plant was set up in technical collaboration of world class leaders M/s. Caterpillar Power Ventures Inc, USA through in wholly owned subsidiary Caterpillar Power Ventures has been associated with Suryachakra since 1997 as an Equity Partner and O& M Operator. Suryachakra has subsequently bought back the shares.
  • Reliance Energy Limited (Formerly BSES)- The project was constructed by Reliance Energy Limited (formerly BSES Limited) under EPC Contract. Reliance Energy Limited through their group companies is holding about 2.68% share in the company.

Key Developments:

  • The company has been accredited with ISO 9001-2000 (2005) certificate for the plant at Port Blair.
  • The promoters of the Company acquired the shares held by M/s.Caterpillar Power Ventures International (Mauritius) Limited during 2005 through Kalyan Securities Limited one of the promoter’s core investment companies.
  • SPCL launched three wholly owned subsidiaries for setting up of biomass power plants: LPSL, SAAIL and MSM Energy Limited.
  • SPCL received License for Power Trading.
  • Initial Public Offer: The Company came out with a successful IPO of 3.4 crores equity shares of Rs. 10 each at a premium of Rs. 10 during June 2007. The shares are listed on Bombay Stock Exchange (BSE). The Company Code in BSE is 532874 and Ticker Symbol in Bloomberg is SUPC:IN.
  • SPCL acquired 51% stake in Sri Panchjanya Power Pvt Limited, which is setting up a 10 MW biomass based power plant at MIDC Hingoli, Maharashtra. 4 out of 5 biomass projects have been registered with UNFCCC for carbon credits.
  • Suryachakra formed a joint venture with MAN Solar Millennium GmbH, a global leader in Solar Thermal Technology, for setting up of Solar Thermal power projects in India.
  • Suryachakra was awarded Haldia Urban Infrastructure project by M/s.Haldia Development Authority.
  • SPCL signed an MoU with Chhattisgarh government for setting up of 270 MW Coal based power plant in Chhattisgarh.
  • SPCL received No Objection Certificate for setting up of 70 MW coal washery rejects / coal based power plant in Chhattisgarh. Lahari Power & Steels started commercial operations during April 2008.
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