JP Power Ventures

₹18.2 0.3 | 1.8%

WEBSITE BSE:532627 NSE : JPPOWER 10 May, 16:01

Market Cap ₹12501 Cr.

Stock P/E 12.2

P/B 1.6

Current Price ₹18.2

Book Value ₹ 11.2

Face Value 10

52W High ₹24

Dividend Yield 0%

52W Low ₹ 5.6

Edit Ratio

JP Power Ventures Research see more...

Overview Inc. Year: 1994Industry: Power Generation/Distribution

Jaiprakash Power Ventures Ltd is engaged in the generation of power, including hydro and thermal; cement grinding; captive coal mining, and transmission of power. The Company owns and operates a 400 megawatt (MW) Jaypee Vishnuprayag Hydro Electric Plant at District Chamoli, Uttarakhand; a 1,320 MW Jaypee Nigrie Super Thermal Power Plant at Nigrie, Singrauli district, Madhya Pradesh, and a 500 MW Jaypee Bina Thermal Power Plant at Sirchopt village, Sagar district, Madhya Pradesh. The Company is engaged in operating Cement Grinding Unit, which has a capability of two metric tons/annum (MTPA) at Nigrie, Singrauli district, Madhya Pradesh, and is also engaged in Captive coal mining operations at Amelia Coal Block for deliver of Coal to Jaypee Nigrie Super Thermal Power Plant. The Company is working a 660 MW Thermal Power Plant via Prayagraj Power Generation Company Ltd, which is a subsidiary of the employer, at Bara, Allahabad District.

JP Power Ventures Share Price

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Peer Comparison

JP Power Ventures Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1401	1406	1820	1385	1201	1380	1708	1350	2190	1515
Other Income	51	126	9	116	5	6	7	9	23	349
Total Income	1453	1532	1829	1501	1206	1385	1715	1359	2214	1864
Total Expenditure	1037	1132	1192	1130	1191	1153	1187	939	1613	788
Operating Profit	416	400	637	372	15	232	528	420	601	1076
Interest	136	143	150	138	135	137	119	117	105	109
Depreciation	121	119	116	117	117	115	115	116	117	116
Exceptional Income / Expenses	0	0	0	0	0	-7	0	-79	-79	-302
Profit Before Tax	158	139	372	117	-238	-26	294	108	299	548
Provision for Tax	52	141	130	42	-20	18	102	39	126	-41
Profit After Tax	107	-2	242	75	-218	-44	192	69	173	589
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	107	-2	242	75	-218	-44	192	69	173	589
Adjusted Earnings Per Share	0.2	-0	0.4	0.1	-0.3	-0.1	0.3	0.1	0.3	0.9

JP Power Ventures 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	832	1328	2381	3016	4657	4877	3892	3284	3302	4625	5787	6763
Other Income	38	24	85	123	87	354	113	63	127	235	135	388
Total Income	871	1352	2467	3139	4745	5231	4005	3346	3429	4860	5922	7152
Total Expenditure	47	277	928	1339	2944	3352	2563	2396	2144	3512	4666	4527
Operating Profit	824	1075	1538	1800	1800	1879	1442	950	1285	1348	1256	2625
Interest	451	749	1360	2020	2777	2614	1474	652	579	556	560	450
Depreciation	376	499	518	635	771	819	528	479	480	481	464	464
Exceptional Income / Expenses	0	-0	4	-47	0	-313	45	-1194	111	0	-7	-460
Profit Before Tax	-3	-173	-335	-903	-1748	-1867	-515	-1375	337	310	225	1249
Provision for Tax	-2	-11	-69	-465	-453	-176	-148	829	110	203	170	226
Profit After Tax	-2	-161	-267	-438	-1295	-1690	-367	-2205	227	107	55	1023
Adjustments	359	208	436	195	62	95	-14	42	40	0	0	0
Profit After Adjustments	358	47	169	-243	-1233	-1596	-381	-2162	267	107	55	1023
Adjusted Earnings Per Share	1.2	0.2	0.6	-0.8	-2.1	-2.7	-0.6	-3.2	0.4	0.2	0.1	1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	21%	3%	21%
Operating Profit CAGR	-7%	10%	-8%	4%
PAT CAGR	-49%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	216%	77%	41%	1%
ROE Average	1%	2%	-6%	-7%
ROCE Average	5%	6%	3%	3%

JP Power Ventures 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	6460	6345	6411	7614	9387	7779	7377	9999	10282	10389	10446
Minority's Interest	184	424	430	424	368	273	287	112	0	0	0
Borrowings	20748	24275	26604	21517	20103	18439	17786	5184	4752	4451	3992
Other Non-Current Liabilities	1407	1427	1206	1293	756	414	133	128	153	214	264
Total Current Liabilities	4343	5757	7911	5388	6679	9363	10612	2118	1578	2171	2584
Total Liabilities	33143	38228	42561	36236	37293	36269	36194	17541	16765	17226	17285
Fixed Assets	12341	13529	24156	23530	27437	31093	30650	15251	14272	13803	13385
Other Non-Current Assets	18564	23178	16245	10894	7851	3146	3004	893	883	919	832
Total Current Assets	2238	1521	2160	1812	2005	2029	2540	1396	1610	2504	3068
Total Assets	33143	38228	42561	36236	37293	36269	36194	17541	16765	17226	17285

JP Power Ventures 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	407	272	546	394	132	71	80	22	83	40	62
Cash Flow from Operating Activities	1872	2249	2676	2816	1413	1782	1178	1028	813	845	767
Cash Flow from Investing Activities	-7021	-5059	-4886	6416	-802	-230	-191	-130	280	-113	109
Cash Flow from Financing Activities	5014	3084	2058	-9494	-672	-1543	-1020	-822	-1136	-711	-880
Net Cash Inflow / Outflow	-135	274	-152	-262	-61	9	-33	76	-43	22	-3
Closing Cash & Cash Equivalent	272	546	394	132	71	80	47	83	40	62	59

JP Power Ventures 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)	1.22	0.16	0.57	-0.83	-2.06	-2.66	-0.64	-3.16	0.39	0.16	0.08
CEPS(Rs)	1.28	1.15	0.86	0.67	-0.87	-1.45	0.27	-2.52	1.03	0.86	0.76
DPS(Rs)	0	0.07	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	21.99	21.6	21.82	25.92	15.66	12.97	12.3	9.05	9.45	9.61	9.69
Core EBITDA Margin(%)	94.38	79.14	61.02	54.79	36.78	31.27	34.15	27.03	35.05	24.06	19.36
EBIT Margin(%)	53.75	43.37	43.03	36.51	22.09	15.32	24.63	-22.02	27.74	18.74	13.57
Pre Tax Margin(%)	-0.4	-13.01	-14.09	-29.49	-37.52	-38.28	-13.25	-41.88	10.22	6.71	3.9
PAT Margin (%)	-0.19	-12.16	-11.2	-14.31	-27.8	-34.66	-9.44	-67.14	6.88	2.32	0.96
Cash Profit Margin (%)	45.06	25.43	10.55	6.43	-11.24	-17.87	4.13	-52.55	21.42	12.73	8.98
ROA(%)	-0.01	-0.45	-0.66	-1.11	-3.52	-4.6	-1.01	-8.21	1.32	0.63	0.32
ROE(%)	-0.03	-2.52	-4.18	-6.25	-15.23	-19.69	-4.85	-32.49	3.59	1.65	0.84
ROCE(%)	1.71	1.82	2.83	3.15	3.12	2.31	3.1	-3.1	5.81	5.6	5.12
Receivable days	209.02	111.95	80.16	77.42	61.56	75.1	101.45	88.05	65.89	67.92	66.15
Inventory Days	40.71	40.85	37.46	41.5	26.74	20.32	21.66	32.01	29.97	28.36	38.82
Payable days	0	0	0	0	0	0	0	0	0	-364.56	3895.89
PER(x)	21.28	88.77	17.78	0	0	0	0	0	8.41	43.3	68.48
Price/Book(x)	1.18	0.66	0.47	0.18	0.32	0.37	0.15	0.07	0.35	0.71	0.57
Dividend Yield(%)	0	0.48	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	35.72	23.37	14.44	8.67	5.78	5.37	6.19	3.03	3.32	2.84	2.1
EV/Core EBITDA(x)	36.08	28.87	22.35	14.53	14.96	13.93	16.7	10.49	8.54	9.75	9.69
Net Sales Growth(%)	-48.49	59.57	79.32	26.66	54.42	4.71	-20.2	-15.62	0.55	40.07	25.13
EBIT Growth(%)	-66.15	28.76	77.94	9.05	-7.91	-27.42	28.35	-175.41	226.69	-5.39	-9.4
PAT Growth(%)	-100.38	0	-65.27	-64.23	-195.51	-30.56	78.26	-499.92	110.3	-52.69	-48.44
EPS Growth(%)	-20.32	-86.91	260.54	-244.18	-148.15	-29.44	76.11	-397.22	112.33	-59.77	-48.41
Debt/Equity(x)	3.56	4.33	5	3.28	2.56	3.01	3.14	0.6	0.51	0.49	0.46
Current Ratio(x)	0.52	0.26	0.27	0.34	0.3	0.22	0.24	0.66	1.02	1.15	1.19
Quick Ratio(x)	0.48	0.24	0.23	0.27	0.25	0.19	0.22	0.5	0.89	0.91	0.91
Interest Cover(x)	0.99	0.77	0.75	0.55	0.37	0.29	0.65	-1.11	1.58	1.56	1.4
Total Debt/Mcap(x)	3.02	6.62	10.68	18.14	7.94	8.14	20.8	13.55	2.33	1.09	1.25

JP Power Ventures Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	26.02	24	24	24	24	24	24	24	24	24
FII	1.02	1.2	2.83	3.39	3.67	4.96	4.7	4.65	5.14	6.06
DII	23.28	23.12	23.12	22.18	22.15	22.19	22.15	21.62	20.46	18.47
Public	49.69	51.68	50.05	50.43	50.18	48.85	49.15	49.73	50.4	51.47
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	178.3	164.48	164.48	164.48	164.48	164.48	164.48	164.48	164.48	164.48
FII	6.96	8.21	19.43	23.2	25.16	34.02	32.22	31.88	35.21	41.57
DII	159.55	158.45	158.43	152.03	151.81	152.07	151.81	148.14	140.21	126.57
Public	340.53	354.2	343	345.63	343.89	334.77	336.83	340.84	345.44	352.73
Others	0	0	0	0	0	0	0	0	0	0
Total	685.35	685.35	685.35	685.35	685.35	685.35	685.35	685.35	685.35	685.35

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 24%.
Company has a low return on equity of 2% over the last 3 years.
Debtor days have increased from -364.56 to 3895.89days.

* 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.