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Power Finance Corp

₹384.6 11.3 | 3%

Market Cap ₹126922 Cr.

Stock P/E 4.8

P/B 1.1

Current Price ₹384.6

Book Value ₹ 357

Face Value 10

52W High ₹580.4

Dividend Yield 3.51%

52W Low ₹ 351.9

Power Finance Corp Research see more...

Overview Inc. Year: 1986Industry: Finance Term Lending

Power Finance Corporation Ltd is an India-based non-banking financial company. The Company is engaged in supplying financial support to the power sector. The Company's fund-based products comprises project term loans, lease financing for the purchase of system, short/medium-time period loan to system producers, grants/interest-free loans for studies/consultancies, corporate loan, line of credit for import of coal, buyer's line of credit, lease financing for wind electricity projects, debt refinancing and credit facility for the purchase of power thru power trade. Its non-fund-based products consist of deferred payment guarantee, letter of credit (LoC), assure for the performance of contract/ obligations with reference to fuel supply agreement (FSA) and policy for assurance of credit enhancement. The Company gives consultancy and advisory services in monetary, regulatory and ability constructing. Its subsidiaries are REC Limited and PFC Consulting Ltd.

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Power Finance Corp Share Price

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Power Finance Corp Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Operating Revenue 19336 19639 20061 21009 22375 23572 24141 24717 25722 26798
Other Income 8 24 13 9 13 22 35 20 33 24
Total Income 19344 19663 20074 21018 22387 23593 24176 24737 25755 26822
Total Expenditure 1316 900 -339 -65 -567 791 -588 311 367 431
Operating Profit 18029 18762 20413 21083 22955 22802 24764 24425 25387 26391
Interest Expense 11413 12129 12637 13670 14313 14827 15152 15519 16006 16560
Depreciation 12 14 14 12 13 14 15 12 13 15
Profit Before Tax 6604 6619 7762 7401 8629 7961 9597 8894 9368 9816
Provision for Tax 1375 1378 1633 1419 2001 1667 2041 1712 2153 2057
Profit After Tax 5229 5241 6129 5982 6628 6294 7557 7182 7215 7760
Adjustments -1294 -1381 -1452 -1406 -1795 -1567 -1932 -1639 -1912 -1931
Profit After Adjustments 3935 3860 4677 4576 4833 4727 5624 5543 5302 5829
Adjusted Earnings Per Share 11.9 11.7 14.2 13.9 14.6 14.3 17 16.8 16.1 17.7

Power Finance Corp 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 Mar 2024 TTM
Operating Revenue 21402 24954 27780 27481 48624 54106 62189 71656 76262 77568 91097 101378
Other Income 28 98 108 378 24 959 759 1284 482 465 2316 112
Total Income 21430 25052 27888 27859 48648 55065 62949 72940 76744 78033 93413 101490
Total Expenditure 748 1142 2044 5584 6583 2585 8001 8342 8593 4459 1785 521
Operating Profit 20682 23910 25844 22274 42064 52479 54948 64598 68151 73574 91628 100967
Interest Expense 13053 15456 16657 16970 30292 34646 40852 44688 44712 47026 57986 63237
Depreciation 5 8 20 41 15 15 24 25 35 52 53 55
Profit Before Tax 7624 8446 9167 5264 11779 17862 14093 19891 23382 26496 33588 37675
Provision for Tax 2163 2441 2983 3028 2983 5222 4615 4175 4614 5317 7127 7963
Profit After Tax 5462 6004 6184 2236 8797 12640 9477 15716 18768 21179 26461 29714
Adjustments 0 0 0 0 -2108 -2719 -2355 -3968 -4753 -5289 -6700 -7414
Profit After Adjustments 5462 6004 6184 2236 6689 9921 7122 11748 14015 15889 19761 22298
Adjusted Earnings Per Share 16.6 18.2 18.7 6.8 20.3 30.1 21.6 35.6 42.5 48.1 59.9 67.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 8% 11% 16%
Operating Profit CAGR 25% 12% 12% 16%
PAT CAGR 25% 19% 16% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% 60% 31% 13%
ROE Average 29% 28% 26% 23%
ROCE Average 10% 10% 10% 10%

Power Finance Corp 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 Mar 2024
Shareholder's Funds 27522 32411 36028 36845 39835 47121 49400 60767 71676 84158 101147
Minority's Interest 0 0 0 0 15435 16363 16766 21023 24599 27823 33142
Borrowings 142492 164995 172615 175103 417705 508049 574882 630577 644639 728429 830703
Current Liability 23212 30019 36495 38531 39430 33172 24502 32171 18964 25915 44207
Other Liabilities & Provisions 1094 1486 2081 9058 2733 17794 23965 24707 23807 22447 23623
Total Liabilities 194320 228912 247220 259537 515138 622499 689515 769246 783685 888772 1032821
Loans 168816 197930 200381 200938 494890 573661 646196 722387 732851 832903 969111
Investments 24 24 1819 1820 3865 3236 3391 2364 2948 4985 9216
Fixed Assets 72 102 198 296 161 196 238 341 719 782 764
Other Loans 199 210 298 5550 9920 24324 28486 30342 30525 30263 30332
Other Non Current Assets 40 111 124 283 348 476 455 579 259 254 291
Current Assets 25170 30535 44399 50651 5946 20593 10732 13199 16364 19566 23078
Total Assets 194320 228912 247220 259537 515138 622499 689515 769246 783685 888772 1032821

Power Finance Corp 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 Mar 2024
Opening Cash & Cash Equivalents 4856 63 5033 146 4545 825 727 1905 4928 914 40
Cash Flow from Operating Activities -22473 -21455 -13298 1795 -57148 -80252 -42148 -59143 4904 -74717 -97820
Cash Flow from Investing Activities 9 -491 -1973 -667 1409 -13463 -73 1741 -547 -1694 -3409
Cash Flow from Financing Activities 17671 26916 10383 1950 52018 93616 43399 60424 -8371 75537 101261
Net Cash Inflow / Outflow -4793 4970 -4888 3079 -3720 -98 1179 3023 -4014 -874 32
Closing Cash & Cash Equivalent 63 5033 146 3224 825 727 1905 4928 914 40 72

Power Finance Corp Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 16.55 18.19 18.74 6.78 20.27 30.06 21.58 35.6 42.47 48.15 59.88
CEPS(Rs) 16.57 18.22 18.8 6.9 26.7 38.35 28.79 47.7 56.98 64.33 80.34
DPS(Rs) 9 9.1 13.9 5 7.8 0 9.5 10 12 10.6 13.5
Book NAV/Share(Rs) 83.4 98.21 109.17 111.65 120.71 142.79 149.69 184.14 217.19 255.02 306.5
Net Profit Margin 25.52 24.06 22.26 8.14 18.09 23.36 15.24 21.93 24.61 27.3 29.05
Operating Margin 96.61 95.78 92.96 80.9 86.52 97.05 88.35 90.12 89.29 94.78 100.52
PBT Margin 35.62 33.85 33 19.15 24.23 33.01 22.66 27.76 30.66 34.16 36.87
ROA(%) 3 2.84 2.6 0.88 2.27 2.22 1.44 2.15 2.42 2.53 2.75
ROE(%) 21.33 20.04 18.07 6.14 22.94 29.07 19.64 28.53 28.34 27.18 28.56
ROCE(%) 11.82 11.75 11.3 9.33 11.9 10.09 9.11 9.66 9.57 9.57 10.39
Price/Earnings(x) 4.67 6 3.67 17.23 3.39 3.27 3.42 2.55 2.12 2.52 6.52
Price/Book(x) 0.93 1.11 0.63 1.05 0.57 0.69 0.49 0.49 0.41 0.48 1.27
Dividend Yield(%) 4.65 3.34 8.09 3.43 9.08 0 10.31 8.8 10.67 8.73 3.46
EV/Net Sales(x) 8.61 8.75 8.03 8.65 9.2 10.03 9.69 9.29 8.77 9.94 10.63
EV/Core EBITDA(x) 8.91 9.14 8.63 10.67 10.64 10.34 10.97 10.3 9.82 10.48 10.57
Interest Earned Growth(%) 23.63 16.59 11.33 -1.04 76.94 11.27 14.94 15.22 6.43 1.71 17.44
Net Profit Growth 23.08 9.93 2.99 -63.84 293.39 43.69 -25.02 65.83 19.42 12.84 24.94
EPS Growth(%) 23.07 9.93 2.99 -63.84 199.13 48.32 -28.21 64.95 19.3 13.38 24.37
Interest Coverage(x) % 1.58 1.55 1.55 1.31 1.39 1.52 1.34 1.45 1.52 1.56 1.58

Power Finance Corp Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 55.99 55.99 55.99 55.99 55.99 55.99 55.99 55.99 55.99 55.99
FII 16.82 16.85 16.49 17.5 16.85 17.86 17.19 17.93 17.74 18.04
DII 17.23 17.89 18.63 18.09 17.85 17.47 18.22 17.04 17.44 17.12
Public 9.96 9.27 8.89 8.42 9.31 8.67 8.59 9.04 8.83 8.84
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28%

Cons

* 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.

Power Finance Corp News

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