WEBSITE BSE:532810 NSE : POWER FINAN 13 Feb, 16:01
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 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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#(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 |
#(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 |
# | 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% |
#(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 |
#(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 |
# | 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 |
# | 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 |
# | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 147.83 | 147.83 | 147.83 | 147.83 | 184.79 | 184.79 | 184.79 | 184.79 | 184.79 | 184.79 |
FII | 44.4 | 44.5 | 43.53 | 46.19 | 55.62 | 58.93 | 56.74 | 59.16 | 58.55 | 59.53 |
DII | 45.48 | 47.22 | 49.17 | 47.76 | 58.89 | 57.67 | 60.13 | 56.22 | 57.54 | 56.5 |
Public | 26.3 | 24.47 | 23.47 | 22.23 | 30.71 | 28.63 | 28.35 | 29.84 | 29.14 | 29.19 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 264.01 | 264.01 | 264.01 | 264.01 | 330.01 | 330.01 | 330.01 | 330.01 | 330.01 | 330.01 |
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