GVK Power & Infra

₹11.1 0.2 | 2.1%

WEBSITE BSE:532708 NSE : GVK POWERINF 18 May, 12:50

Market Cap ₹1753 Cr.

Stock P/E 20.5

P/B -2.2

Current Price ₹11.1

Book Value ₹ -5

Face Value 1

52W High ₹17

Dividend Yield 0%

52W Low ₹ 2.4

Edit Ratio

GVK Power & Infra Research see more...

Overview Inc. Year: 2005Industry: Power Generation/Distribution

GVK Power & Infrastructure Ltd is an Indian conglomerate company based in Hyderabad, India. It was founded in 1994 by GVK Reddy and has diversified interests in energy, transportation, hospitality, and resources sectors. The company's energy division includes thermal, hydro, and renewable power plants, while its transportation division operates airports and toll roads. In the hospitality sector, GVK owns and operates luxury hotels and resorts in India and abroad. The resources division includes mining and exploration activities for coal, oil, and gas. GVK Power & Infrastructure has been involved in several large-scale infrastructure projects in India, including the construction of the Mumbai International Airport and the acquisition of a coal mine in Queensland, Australia. As of 2021, the company employs over 1,500 people and has a presence in India, Indonesia, Australia, and Singapore.

GVK Power & Infra Share Price

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Peer Comparison

GVK Power & Infra Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	90	95	602	615	995	325	186	500	380	135
Other Income	3	4	21	6	18	18	18	15	16	20
Total Income	94	99	623	620	1012	343	204	516	396	155
Total Expenditure	127	28	392	293	322	108	80	47	32	37
Operating Profit	-33	71	231	327	690	235	124	468	364	118
Interest	40	40	297	391	390	166	127	136	135	133
Depreciation	15	16	93	125	128	82	65	57	58	57
Exceptional Income / Expenses	0	222	282	-195	0	3437	0	0	0	0
Profit Before Tax	-89	237	123	-384	172	3424	-67	275	171	-71
Provision for Tax	17	17	26	16	18	21	17	-0	15	6
Profit After Tax	-106	220	96	-400	154	3403	-84	276	156	-77
Adjustments	2501	0	-44	43	-165	-560	49	-157	-94	18
Profit After Adjustments	2395	220	53	-357	-11	2843	-36	119	62	-59
Adjusted Earnings Per Share	15.2	1.4	0.3	-2.3	-0.1	18	-0.2	0.8	0.4	-0.4

GVK Power & Infra Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2608	2821	3050	3207	3516	3863	4098	357	310	858	2120	1201
Other Income	136	121	87	510	533	1004	283	72	22	30	59	69
Total Income	2744	2942	3136	3717	4049	4867	4381	429	332	889	2179	1271
Total Expenditure	1924	1815	2232	2036	2360	2307	2393	992	226	566	802	196
Operating Profit	819	1127	904	1681	1689	2560	1988	-563	107	323	1377	1074
Interest	746	965	1477	1651	1890	1643	1530	402	305	421	1074	531
Depreciation	351	438	706	549	669	725	792	60	52	136	400	237
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	504	3242	0
Profit Before Tax	-278	-276	-1278	-518	-870	193	-307	-1024	-251	269	3143	308
Provision for Tax	129	145	-109	80	57	162	-3	48	39	73	72	38
Profit After Tax	-407	-420	-1168	-598	-927	31	-304	-1072	-290	196	3071	271
Adjustments	71	52	334	-48	-375	-593	-59	-421	-475	2449	-632	-184
Profit After Adjustments	-336	-369	-835	-647	-1302	-562	-363	-1493	-764	2645	2439	86
Adjusted Earnings Per Share	-2.1	-2.3	-5.3	-4.1	-8.2	-3.6	-2.3	-9.5	-4.8	16.8	15.4	0.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	147%	81%	-11%	-2%
Operating Profit CAGR	326%	0%	-12%	5%
PAT CAGR	1467%	0%	151%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	344%	83%	10%	-5%
ROE Average	0%	0%	0%	-35%
ROCE Average	74%	32%	20%	12%

GVK Power & Infra Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3145	2778	1939	1001	-297	-841	-1203	-2697	-3460	-3840	-1151
Minority's Interest	3319	3073	2305	1005	1406	1569	2448	2564	2391	762	1604
Borrowings	15181	19605	19361	12592	10512	10693	9442	7713	102	3511	3074
Other Non-Current Liabilities	644	1549	1515	2142	1918	2964	4881	4812	17	-24	-4
Total Current Liabilities	5597	5019	7732	5555	6969	5725	6160	8042	20898	11105	4039
Total Liabilities	27886	32024	32852	22295	20507	20110	21728	20434	19949	11514	7561
Fixed Assets	7315	11866	11484	14433	14048	13870	14301	12292	270	7209	3745
Other Non-Current Assets	17441	17222	18810	6207	4472	3680	4890	6027	2124	1306	1228
Total Current Assets	3130	2936	2558	1655	1988	2560	2537	2116	17555	2999	2588
Total Assets	27886	32024	32852	22295	20507	20110	21728	20434	19949	11514	7561

GVK Power & Infra Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	795	1474	1376	1215	689	847	890	305	194	465	555
Cash Flow from Operating Activities	984	1233	1294	1643	1433	2483	1249	1652	1218	-4254	1620
Cash Flow from Investing Activities	-3218	-2895	-1105	-1490	897	-8	-782	-433	-111	15711	-102
Cash Flow from Financing Activities	2913	1562	-252	-569	-2172	-2431	-1052	-1330	-835	-11771	-1484
Net Cash Inflow / Outflow	680	-100	-63	-417	159	43	-585	-111	271	-314	35
Closing Cash & Cash Equivalent	1474	1376	1308	798	847	890	305	194	465	555	504

GVK Power & Infra Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-2.13	-2.33	-5.29	-4.1	-8.25	-3.56	-2.3	-9.46	-4.84	16.75	15.44
CEPS(Rs)	-0.35	0.11	-2.93	-0.31	-1.64	4.79	3.08	-6.41	-1.5	2.11	21.98
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	19.92	17.59	12.28	6.34	-1.88	-5.33	-7.62	-17.08	-21.91	-24.31	-7.29
Core EBITDA Margin(%)	26.2	35.66	26.81	36.53	32.88	40.28	41.61	-177.76	27.22	34.03	62.16
EBIT Margin(%)	17.95	24.42	6.52	35.31	29.02	47.52	29.82	-174.32	17.56	80.39	198.86
Pre Tax Margin(%)	-10.66	-9.77	-41.9	-16.16	-24.74	4.99	-7.5	-286.8	-80.81	31.37	148.23
PAT Margin (%)	-15.59	-14.9	-38.32	-18.66	-26.37	0.81	-7.43	-300.38	-93.29	22.89	144.84
Cash Profit Margin (%)	-2.12	0.62	-15.18	-1.54	-7.36	19.56	11.89	-283.64	-76.48	38.76	163.69
ROA(%)	-1.6	-1.4	-3.6	-2.17	-4.33	0.15	-1.46	-5.09	-1.43	1.25	32.2
ROE(%)	-12.27	-14.19	-49.54	-40.7	-263.31	0	0	0	0	0	0
ROCE(%)	2.35	2.92	0.76	5.08	6.15	12.53	9.21	-5.35	1.03	20.52	74
Receivable days	50.03	53.02	47.75	43.51	46.08	40.74	37.19	418.81	237.86	99.72	44.34
Inventory Days	11.55	8.27	4.68	2.79	1.02	0.98	0.87	9.52	5.88	16.21	7.27
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	0	0	0	0	0.13
Price/Book(x)	0.46	0.63	0.77	1.08	-3.18	-2.66	-1.01	-0.13	-0.09	0	-0.28
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	6.94	7.99	8.2	5.24	4.47	4.01	3.56	37.09	11.91	11.8	2.68
EV/Core EBITDA(x)	22.08	20.01	27.66	10	9.31	6.05	7.35	-23.54	34.66	31.39	4.13
Net Sales Growth(%)	4.65	8.18	8.11	5.16	9.65	9.86	6.08	-91.29	-13.08	176.56	147.05
EBIT Growth(%)	-12.33	47.14	-71.14	469.56	-9.9	79.92	-33.43	-150.93	108.76	1166.21	511.14
PAT Growth(%)	0	-3.35	-178.06	48.8	-54.99	103.36	-1078.21	-252.27	73	167.87	1462.97
EPS Growth(%)	-646.63	-9.73	-126.4	22.51	-101.35	56.87	35.29	-310.87	48.82	446.13	-7.8
Debt/Equity(x)	5.95	8.14	12.9	16.62	-53.27	-17.38	-11.6	-4.9	-1.01	-2.74	-5.09
Current Ratio(x)	0.56	0.59	0.33	0.3	0.29	0.45	0.41	0.26	0.84	0.27	0.64
Quick Ratio(x)	0.55	0.58	0.33	0.3	0.28	0.45	0.41	0.26	0.84	0.26	0.64
Interest Cover(x)	0.63	0.71	0.13	0.69	0.54	1.12	0.8	-1.55	0.18	1.64	3.93
Total Debt/Mcap(x)	12.93	12.97	16.66	15.43	16.77	6.54	11.43	37.68	10.98	0	17.94

GVK Power & Infra Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.25	54.25	54.25	54.25	54.25	54.25	54.25	54.25	54.25	54.25
FII	0.27	0.27	0.27	0.28	0.28	0.3	0.3	0.36	0.52	0.85
DII	0.42	0.43	0.43	0.52	0.52	0.48	0.48	0.48	0.48	0.48
Public	45.05	45.05	45.05	44.95	44.95	44.97	44.96	44.9	44.75	44.41
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	85.67	85.67	85.67	85.67	85.67	85.67	85.67	85.67	85.67	85.67
FII	0.43	0.43	0.43	0.44	0.45	0.47	0.48	0.57	0.82	1.35
DII	0.67	0.67	0.67	0.82	0.82	0.76	0.76	0.76	0.76	0.76
Public	71.14	71.14	71.14	70.99	70.98	71.01	71	70.91	70.67	70.14
Others	0	0	0	0	0	0	0	0	0	0
Total	157.92	157.92	157.92	157.92	157.92	157.92	157.92	157.92	157.92	157.92

Pros

Stock is trading at -2.2 times its book value
Company has delivered good profit growth of 150% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 0% over the last 3 years.

* 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.