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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Energy Development Company Ltd

About the Company - Energy Development Company Ltd

Energy Development Company Ltd. is a Public Limited Listed company incorporated on 19/01/1995 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L85110KA1995PLC017003 and registration number is 017003. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 12.94 Cr. and Equity Capital is Rs. 47.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionHarangi Hydro Electric Project, Village - Hulugunda, Kodagu District Karnataka 571233edclhhep@gmail.com
http://www.edclgroup.com
Management
NamePosition Held
Mr. Satyendra Pal SinghExecutive Director
Mrs. Pankaja Kumari SinghDirector
Mr. Aman JainDirector
Mr. Vishal SharmaDirector
Ms. Disha Kumari SinghDirector

Basic Stock Data of Energy Development Company Ltd

Last Updated: May 30, 2024, 6:09 am

Market Cap 108 Cr.
Current Price 22.8
High / Low36.8/15.6
Stock P/E
Book Value 22.0
Dividend Yield0.00 %
ROCE7.51 %
ROE4.16 %
Face Value 10.0
PEG Ratio0.00

Energy Development Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9.934.068.6717.7711.545.007.5616.699.643.555.8511.039.18
Expenses4.283.202.563.262.404.132.572.942.854.302.743.292.81
Operating Profit5.650.866.1114.519.140.874.9913.756.79-0.753.117.746.37
OPM %56.90%21.18%70.47%81.65%79.20%17.40%66.01%82.38%70.44%-21.13%53.16%70.17%69.39%
Other Income0.660.390.610.690.610.622.080.620.691.210.330.270.32
Interest4.704.824.804.774.672.994.194.303.851.452.682.682.65
Depreciation2.602.562.572.602.602.562.582.582.582.562.552.592.59
Profit before tax-0.99-6.13-0.657.832.48-4.060.307.491.05-3.55-1.792.741.45
Tax %10.10%57.42%-29.23%-7.41%-6.85%26.35%-76.67%-2.67%-19.05%-48.17%10.61%-6.93%-13.10%
Net Profit-0.89-2.61-0.848.422.64-2.990.547.691.24-5.27-1.612.941.64
EPS in Rs-0.09-0.47-0.101.860.63-0.550.191.710.34-1.35-0.340.620.35

Last Updated: May 7, 2024, 4:38 am

Energy Development Company Ltd Quarterly Chart

Energy Development Company Ltd Profit & Loss

Last Updated: May 2, 2024, 6:26 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales65.8751.3548.7437.65150.05115.0259.9134.9429.9431.2942.9837.4435.73
Expenses48.8640.2815.2110.20138.86106.0039.9019.5317.5514.6112.3612.6512.83
Operating Profit17.0111.0733.5327.4511.199.0220.0115.4112.3916.6830.6224.7922.90
OPM %25.82%21.56%68.79%72.91%7.46%7.84%33.40%44.10%41.38%53.31%71.24%66.21%64.09%
Other Income9.843.615.977.824.9437.432.083.822.022.222.544.602.85
Interest11.5410.5941.7136.8319.7030.4820.5419.7418.3218.7814.9213.7912.28
Depreciation6.266.5510.1911.8611.0310.9011.7011.1610.4610.3610.3210.3110.27
Profit before tax9.05-2.46-12.40-13.42-14.605.07-10.15-11.67-14.37-10.247.925.293.20
Tax %20.88%218.70%17.02%-3.80%-3.49%21.70%-29.16%39.50%68.82%38.18%-20.58%20.42%
Net Profit7.162.93-10.28-13.94-15.113.98-13.11-7.05-4.48-6.329.544.212.05
EPS in Rs2.601.07-3.74-5.07-3.180.98-2.45-1.17-0.64-1.012.010.890.36
Dividend Payout %46.09%75.09%-13.38%-9.86%-15.72%51.08%-20.40%-42.64%-78.12%0.00%0.00%0.00%

Energy Development Company Ltd Profit & Loss Yearly Chart

Energy Development Company Ltd Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-9%
3 Years:8%
TTM:-24%
Compounded Profit Growth
10 Years:4%
5 Years:19%
3 Years:50%
TTM:-134%
Stock Price CAGR
10 Years:-1%
5 Years:27%
3 Years:31%
1 Year:41%
Return on Equity
10 Years:-8%
5 Years:0%
3 Years:3%
Last Year:4%

Last Updated: May 23, 2024, 1:29 pm

Energy Development Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital27.5027.5027.5027.5047.5047.5047.5047.5047.5047.5047.5047.5047.50
Reserves102.35102.7090.8177.18101.8975.3860.9652.5546.5941.9251.6255.9057.23
Preference Capital33.5033.5033.50-0.00-0.00-0.0023.6423.8324.0524.2924.5624.86
Borrowings189.44258.97297.84140.39130.82166.03141.74141.57135.85138.60135.60133.63156.53
Other Liabilities86.2777.1771.40246.27231.71111.07109.69103.45115.92117.50117.79119.1594.92
Total Liabilities405.56466.34487.55491.34511.92399.98359.89345.07345.86345.52352.51356.18356.18
Fixed Assets94.4890.63230.36217.01206.61196.88203.29192.13181.85171.77161.54151.24146.10
CWIP249.24321.02213.59239.19244.1846.9429.7129.7129.7129.7129.7129.7129.71
Investments0.190.190.190.190.0225.9712.3112.3112.3112.3112.2912.2912.29
Other Assets61.6554.5043.4134.9561.11130.19114.58110.92121.99131.73148.97162.94168.08
Total Assets405.56466.34487.55491.34511.92399.98359.89345.07345.86345.52352.51356.18356.18

Energy Development Company Ltd Reserves and Borrowings Chart

Energy Development Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 14.5419.8838.7923.2710.465.6616.6915.3018.1415.3128.1018.99
Cash from Investing Activity -95.73-71.27-42.02-13.55-26.03-5.298.91-1.93-1.50-4.21-10.65-5.22
Cash from Financing Activity 73.7956.63-0.84-7.7516.45-3.88-21.68-18.51-14.91-11.18-14.80-12.63
Net Cash Flow-7.405.24-4.071.970.89-3.513.92-5.131.73-0.072.661.14

Energy Development Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days118.08180.19138.9298.0183.27144.45235.66381.09441.19439.07337.82401.66
Inventory Days
Days Payable
Cash Conversion Cycle118.08180.19138.9298.0183.27144.45235.66381.09441.19439.07337.82401.66
Working Capital Days-72.92-84.87-141.31-98.21-88.64-21.3667.75152.5224.38101.3778.38100.61
ROCE %6.60%2.09%6.18%6.12%1.94%-0.35%3.71%3.03%1.53%3.45%9.17%7.51%

Energy Development Company Ltd Financial Efficiency Indicators Chart

Energy Development Company Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.11%0.04%
Public41.86%41.86%41.86%41.86%41.86%41.86%41.84%41.87%41.86%41.84%41.74%41.82%
No. of Shareholders14,87115,74720,37223,73423,55723,88524,00723,56423,69724,93528,05329,639

Energy Development Company Ltd Shareholding Pattern Chart

No. of Energy Development Company Ltd Shareholders

This stock is not held by any mutual fund

Energy Development Company Ltd ROCE Trend

Energy Development Company Ltd EPS Trend

Energy Development Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.891.52-1.33-0.94-1.17
Diluted EPS (Rs.)0.891.52-1.33-0.94-1.17
Cash EPS (Rs.)3.063.690.851.260.86
Book Value[Excl.RevalReserv]/Share (Rs.)20.3818.9917.4318.7420.30
Book Value[Incl.RevalReserv]/Share (Rs.)20.3818.9917.4318.7420.30
Revenue From Operations / Share (Rs.)7.889.056.596.307.36
PBDIT / Share (Rs.)6.196.983.983.034.05
PBIT / Share (Rs.)4.024.811.800.831.70
PBT / Share (Rs.)1.111.18-2.15-3.02-2.46
Net Profit / Share (Rs.)0.881.52-1.33-0.94-1.49
NP After MI And SOA / Share (Rs.)0.881.83-1.00-0.63-1.17
PBDIT Margin (%)78.4977.1560.4048.1455.01
PBIT Margin (%)50.9653.1427.2913.2223.08
PBT Margin (%)14.1213.04-32.70-47.96-33.39
Net Profit Margin (%)11.2516.83-20.19-14.93-20.19
NP After MI And SOA Margin (%)11.2520.27-15.26-10.13-15.94
Return on Networth / Equity (%)4.078.86-5.34-3.22-5.57
Return on Capital Employeed (%)9.9712.083.521.593.11
Return On Assets (%)1.182.47-1.38-0.87-1.60
Long Term Debt / Equity (X)0.901.001.761.651.61
Total Debt / Equity (X)1.531.631.771.661.62
Asset Turnover Ratio (%)0.120.040.030.030.04
Current Ratio (X)0.780.761.071.051.17
Quick Ratio (X)0.780.761.061.041.15
Inventory Turnover Ratio (X)0.030.330.670.740.49
Dividend Payout Ratio (NP) (%)0.000.000.00-78.23-42.61
Dividend Payout Ratio (CP) (%)0.000.000.0032.0142.52
Earning Retention Ratio (%)0.000.000.00178.23142.61
Cash Earning Retention Ratio (%)0.000.000.0067.9957.48
Interest Coverage Ratio (X)2.131.921.010.780.97
Interest Coverage Ratio (Post Tax) (X)1.311.420.660.750.64
Enterprise Value (Cr.)207.04234.64190.48168.86189.09
EV / Net Operating Revenue (X)5.535.466.095.645.41
EV / EBITDA (X)7.047.0810.0811.719.84
MarketCap / Net Operating Revenue (X)1.992.321.350.700.92
Retention Ratios (%)0.000.000.00178.23142.61
Price / BV (X)0.721.010.470.220.32
Price / Net Operating Revenue (X)1.992.321.350.700.92
EarningsYield0.050.08-0.11-0.14-0.17

Energy Development Company Ltd Profitability Ratios (%)

Energy Development Company Ltd Liquidity Ratios

Energy Development Company Ltd Liquidity Ratios (%)

Energy Development Company Ltd Interest Coverage Ratios (%)

Energy Development Company Ltd Valuation Ratios

Fair Value

Fair Value: ₹14.00

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 38.59% compared to the current price ₹22.8

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: ₹16.08

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 29.45% compared to the current price ₹22.8

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 14.87%

*Investments are subject to market risks

Strength and Weakness of Energy Development Company Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 1.48, which is a positive sign.
  2. The company has higher reserves (70.54 cr) compared to borrowings (18.90 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 4.25%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 249.95, which may not be favorable.
  3. The company has not shown consistent growth in sales (56.99) and profit (-4.52).

FAQ

What is the latest fair value of Energy Development Company Ltd?

The latest fair value of Energy Development Company Ltd is ₹14.00.

What is the Market Cap of Energy Development Company Ltd?

The Market Cap of Energy Development Company Ltd is 108 Cr..

What is the current Stock Price of Energy Development Company Ltd as on 29 May 2024?

The current stock price of Energy Development Company Ltd as on 29 May 2024 is ₹22.8.

What is the High / Low of Energy Development Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Energy Development Company Ltd stocks is 36.8/15.6.

What is the Stock P/E of Energy Development Company Ltd?

The Stock P/E of Energy Development Company Ltd is .

What is the Book Value of Energy Development Company Ltd?

The Book Value of Energy Development Company Ltd is 22.0.

What is the Dividend Yield of Energy Development Company Ltd?

The Dividend Yield of Energy Development Company Ltd is 0.00 %.

What is the ROCE of Energy Development Company Ltd?

The ROCE of Energy Development Company Ltd is 7.51 %.

What is the ROE of Energy Development Company Ltd?

The ROE of Energy Development Company Ltd is 4.16 %.

What is the Face Value of Energy Development Company Ltd?

The Face Value of Energy Development Company Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Energy Development Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE