India Power Corpn.

₹17.8 0.1 | 0.9%

WEBSITE BSE:0 NSE : 18 May, 12:40

Market Cap ₹1728 Cr.

Stock P/E 108.3

P/B 3.3

Current Price ₹17.8

Book Value ₹ 5.5

Face Value 1

52W High ₹28.1

Dividend Yield 0.28%

52W Low ₹ 9.8

Edit Ratio

India Power Corpn. Research see more...

Overview Inc. Year: 1919Industry: Power Generation/Distribution

India Power Corporation Ltd is engaged inside the electricity generation and distribution. The Company operates thru the section of generation and distribution of power in India. It operates a portfolio of renewable and traditional modes of power generation, transmission, distribution and power trading. It holds a distribution license across a place of over 620 square kilometers in the Asansol-Raniganj coal belt of West Bengal, in addition to some other distribution franchisee in Gaya, Bodh Gaya and Manpur covering over 1,630 sq km. It additionally operates about 95.2 megawatts of wind property in Rajasthan, Gujarat and Karnataka, a 12-megawatt coal fired thermal power station at Dishergarh in Asansol, West Bengal. It has also advanced a two-megawatt grid linked solar plant along side West Bengal Green Energy Development Corporation Ltd in Asansol. The Company's subsidiaries comprises India Power Corporation (Bodhgaya) Ltd (IPCBL) and IPCL Pvt Ltd.

India Power Corpn. Share Price

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Peer Comparison

India Power Corpn. 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	142	158	161	149	166	149	160	179	165	143
Other Income	5	4	2	7	7	7	7	7	8	7
Total Income	146	162	163	155	172	156	167	186	173	151
Total Expenditure	128	144	137	134	151	136	141	164	152	129
Operating Profit	18	18	27	21	21	20	26	22	21	22
Interest	9	9	6	10	9	9	10	10	8	8
Depreciation	7	7	7	7	7	7	7	8	8	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	2	13	4	5	4	9	4	4	5
Provision for Tax	1	0	4	1	1	1	1	1	1	1
Profit After Tax	2	1	10	3	4	3	7	3	3	4
Adjustments	-0	0	-0	-0	-0	-0	-1	0	0	-0
Profit After Adjustments	2	1	9	3	4	3	6	3	3	4
Adjusted Earnings Per Share	0	0	0.1	0	0	0	0.1	0	0	0

India Power Corpn. Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	695	718	720	833	1014	605	481	525	582	623	647
Other Income	3	2	41	40	213	77	27	18	24	27	29
Total Income	697	720	761	873	1228	682	508	544	606	650	677
Total Expenditure	604	622	645	788	911	545	431	442	573	629	586
Operating Profit	94	98	116	84	317	137	77	102	33	21	91
Interest	35	46	50	143	223	97	46	38	33	38	36
Depreciation	15	15	19	58	98	17	29	30	29	29	31
Exceptional Income / Expenses	0	0	0	322	37	1	24	-13	50	68	0
Profit Before Tax	44	37	47	206	33	24	25	20	21	21	22
Provision for Tax	16	13	9	23	14	7	12	-6	6	5	4
Profit After Tax	29	25	38	183	19	17	14	26	15	16	17
Adjustments	0	-0	-4	-7	1	-1	-0	0	0	0	-1
Profit After Adjustments	29	25	34	175	20	16	13	26	15	16	16
Adjusted Earnings Per Share	0.3	0.3	0.3	1.8	0.2	0.2	0.1	0.3	0.2	0.2	0.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	9%	-9%	0%
Operating Profit CAGR	-36%	-35%	-42%	0%
PAT CAGR	7%	5%	-3%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	68%	14%	9%	3%
ROE Average	2%	2%	1%	2%
ROCE Average	6%	4%	4%	4%

India Power Corpn. Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1004	1031	1082	5004	5027	1160	1617	1640	1368	1006
Minority's Interest	0	0	205	201	201	0	0	0	0	0
Borrowings	297	397	2271	3317	3089	291	127	164	216	205
Other Non-Current Liabilities	176	175	266	311	288	244	353	244	231	216
Total Current Liabilities	236	315	558	991	1380	538	468	459	483	593
Total Liabilities	1713	1918	4382	9825	9985	2234	2566	2507	2298	2020
Fixed Assets	308	391	424	1956	1897	399	902	950	907	897
Other Non-Current Assets	1164	1234	3632	5663	6226	1126	1176	951	725	346
Total Current Assets	242	293	326	2205	1862	709	488	606	666	777
Total Assets	1713	1918	4382	9825	9985	2234	2566	2507	2298	2020

India Power Corpn. Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	8	58	47	62	27	6	45	3	2
Cash Flow from Operating Activities	151	22	49	108	105	215	92	33	-5	68
Cash Flow from Investing Activities	-257	-128	-701	-1068	-110	243	-13	10	-11	-1
Cash Flow from Financing Activities	111	110	640	-461	-30	-469	-40	-84	15	-64
Net Cash Inflow / Outflow	5	4	-12	-1421	-35	-11	39	-42	-1	4
Closing Cash & Cash Equivalent	8	12	47	62	27	6	45	3	2	6

India Power Corpn. Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.3	0.26	0.35	1.8	0.2	0.17	0.14	0.27	0.16	0.16
CEPS(Rs)	0.44	0.41	0.59	2.47	1.2	0.35	0.44	0.57	0.45	0.46
DPS(Rs)	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Book NAV/Share(Rs)	9.69	9.97	10.49	50.77	51	11.29	15.99	11.63	9.02	5.36
Core EBITDA Margin(%)	13.06	13.42	10.5	5.35	10.17	9.97	10.38	15.96	1.67	-1.01
EBIT Margin(%)	11.38	11.55	13.47	41.86	25.29	20.03	14.76	11.08	9.32	9.44
Pre Tax Margin(%)	6.39	5.21	6.46	24.72	3.27	4.02	5.28	3.88	3.65	3.35
PAT Margin (%)	4.14	3.46	5.23	21.93	1.89	2.88	2.84	4.99	2.64	2.54
Cash Profit Margin (%)	6.23	5.57	7.92	28.91	11.51	5.66	8.89	10.64	7.56	7.2
ROA(%)	1.68	1.37	1.19	2.57	0.19	0.29	0.57	1.03	0.64	0.73
ROE(%)	3.04	2.59	3.78	6.12	0.39	0.57	1.03	1.95	1.53	2.26
ROCE(%)	5.66	5.56	3.74	5.65	2.91	2.31	3.96	3.38	3.96	5.54
Receivable days	47.61	48.19	58.49	74.37	81.56	137.21	103.97	45.68	47.22	55.76
Inventory Days	8.05	9.17	9.14	21.71	28.43	25.27	6.39	5.46	5	5.18
Payable days	0	0	0	0	0	0	0	0	0	0
PER(x)	47.12	66.47	50.15	24.77	133.22	80.68	45.22	43.29	85.13	63.65
Price/Book(x)	1.43	1.7	1.66	0.88	0.53	1.19	0.38	1	1.49	1.93
Dividend Yield(%)	0.36	0.29	0.29	0.11	0.18	0.37	0.81	0.43	0.37	0.48
EV/Net Sales(x)	2.49	3.04	5.78	9.48	6.27	2.9	1.84	2.68	2.78	2.03
EV/Core EBITDA(x)	18.47	22.23	35.8	93.63	20.09	12.81	11.57	13.81	48.64	61.33
Net Sales Growth(%)	0	3.43	0.27	15.63	21.81	-40.33	-20.51	9.21	10.86	6.97
EBIT Growth(%)	0	4.9	16.93	259.41	-26.41	-52.74	-41.4	-18.03	-6.73	8.29
PAT Growth(%)	0	-13.55	51.58	385.22	-89.48	-9.23	-21.62	91.74	-41.28	2.9
EPS Growth(%)	0	-13.56	36.45	416.88	-88.67	-18.2	-18.42	97.88	-41.29	2.91
Debt/Equity(x)	0.42	0.57	2.46	0.76	0.77	0.43	0.22	0.26	0.37	0.54
Current Ratio(x)	1.02	0.93	0.58	2.22	1.35	1.32	1.04	1.32	1.38	1.31
Quick Ratio(x)	0.96	0.86	0.56	2.14	1.3	1.3	1.03	1.3	1.36	1.29
Interest Cover(x)	2.28	1.82	1.92	2.44	1.15	1.25	1.56	1.54	1.64	1.55
Total Debt/Mcap(x)	0.29	0.34	1.48	0.86	1.45	0.36	0.57	0.26	0.25	0.28

India Power Corpn. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.49	59.49	59.49	59.49	59.49	59.49	59.49	59.49	59.49	59.47
FII	0.01	0	0	0	0	0	0	0.01	0	0.25
DII	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Public	40.37	40.38	40.38	40.38	40.38	40.38	40.38	40.37	40.38	40.16
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	57.93	57.93	57.93	57.93	57.93	57.93	57.93	57.93	57.93	57.91
FII	0.01	0	0	0	0	0	0	0.01	0	0.24
DII	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Public	39.31	39.32	39.33	39.33	39.33	39.33	39.33	39.32	39.33	39.1
Others	0	0	0	0	0	0	0	0	0	0
Total	97.38	97.38	97.38	97.38	97.38	97.38	97.38	97.38	97.38	97.38

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 2% over the last 3 years.
Stock is trading at 3.3 times its book value.
The company has delivered a poor profit growth of -3% over past five 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.