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.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	Harangi Hydro Electric Project, Village - Hulugunda, Kodagu District Karnataka 571233	edclhhep@gmail.com http://www.edclgroup.com

Management
Name	Position Held
Mr. Vinod Kumar Sharma	Executive Director
Mrs. Pankaja Kumari Singh	Director
Mr. Rohit Pandit	Director
Mr. Aman Jain	Director
Mr. Vishal Sharma	Director

Energy Development Company Ltd. Share Price Update
Share Price	Value
Today	₹20.61
Previous Day	₹20.09

Basic Stock Data of Energy Development Company Ltd

Market Cap	90.9 Cr.
Current Price	19.1
High / Low	24.2/13.6
Stock P/E	44.4
Book Value	21.8
Dividend Yield	0.00 %
ROCE	7.51 %
ROE	4.16 %
Face Value	10.0

Energy Development Company Ltd Quarterly Results

Month	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Sales	4.94	12.36	9.93	4.06	8.67	17.77	11.54	5.00	7.56	16.69	9.64	3.55	5.85
Expenses	3.07	4.05	4.28	3.20	2.56	3.26	2.40	4.13	2.57	2.94	2.85	4.30	2.74
Operating Profit	1.87	8.31	5.65	0.86	6.11	14.51	9.14	0.87	4.99	13.75	6.79	-0.75	3.11
OPM %	37.85%	67.23%	56.90%	21.18%	70.47%	81.65%	79.20%	17.40%	66.01%	82.38%	70.44%	-21.13%	53.16%
Other Income	0.57	0.59	0.66	0.39	0.61	0.69	0.61	0.62	2.08	0.62	0.69	1.21	0.33
Interest	4.58	4.68	4.70	4.82	4.80	4.77	4.67	2.99	4.19	4.30	3.85	1.45	2.68
Depreciation	2.58	2.61	2.60	2.56	2.57	2.60	2.60	2.56	2.58	2.58	2.58	2.56	2.55
Profit before tax	-4.72	1.61	-0.99	-6.13	-0.65	7.83	2.48	-4.06	0.30	7.49	1.05	-3.55	-1.79
Tax %	3.60%	-7.45%	10.10%	57.42%	-29.23%	-7.41%	-6.85%	26.35%	-76.67%	-2.67%	-19.05%	-48.17%	10.61%
Net Profit	-4.56	1.73	-0.89	-2.61	-0.84	8.42	2.64	-2.99	0.54	7.69	1.24	-5.27	-1.61
EPS in Rs	-0.88	0.44	-0.09	-0.47	-0.10	1.86	0.63	-0.55	0.19	1.71	0.34	-1.35	-0.34

Energy Development Company Ltd Quarterly Chart

Energy Development Company Ltd Profit & Loss

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	65.87	51.35	48.74	37.65	150.05	115.02	59.91	34.94	29.94	31.29	42.98	37.44	35.73
Expenses	48.86	40.28	15.21	10.20	138.86	106.00	39.90	19.53	17.55	14.61	12.36	12.65	12.83
Operating Profit	17.01	11.07	33.53	27.45	11.19	9.02	20.01	15.41	12.39	16.68	30.62	24.79	22.90
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 Income	9.84	3.61	5.97	7.82	4.94	37.43	2.08	3.82	2.02	2.22	2.54	4.60	2.85
Interest	11.54	10.59	41.71	36.83	19.70	30.48	20.54	19.74	18.32	18.78	14.92	13.79	12.28
Depreciation	6.26	6.55	10.19	11.86	11.03	10.90	11.70	11.16	10.46	10.36	10.32	10.31	10.27
Profit before tax	9.05	-2.46	-12.40	-13.42	-14.60	5.07	-10.15	-11.67	-14.37	-10.24	7.92	5.29	3.20
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 Profit	7.16	2.93	-10.28	-13.94	-15.11	3.98	-13.11	-7.05	-4.48	-6.32	9.54	4.21	2.05
EPS in Rs	2.60	1.07	-3.74	-5.07	-3.18	0.98	-2.45	-1.17	-0.64	-1.01	2.01	0.89	0.36
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::	-15%

Energy Development Company Ltd Growth

Compounded Profit Growth
10 Years::	4%
5 Years::	19%
3 Years::	50%
TTM::	-77%

Energy Development Company Ltd Growth

Stock Price CAGR
10 Years::	3%
5 Years::	14%
3 Years::	40%
1 Year::	-2%

Energy Development Company Ltd Growth

Return on Equity
10 Years::	-8%
5 Years::	0%
3 Years::	3%
Last Year::	4%

Energy Development Company Ltd Balance Sheet

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	27.50	27.50	27.50	27.50	47.50	47.50	47.50	47.50	47.50	47.50	47.50	47.50
Reserves	102.35	102.70	90.81	77.18	101.89	75.38	60.96	52.55	46.59	41.92	51.62	55.90
Preference Capital	33.50	33.50	33.50	0.00	0.00	0.00	23.64	23.83	24.05	24.29	24.56	24.86
Borrowings	189.44	258.97	297.84	140.39	130.82	166.03	141.74	141.57	135.85	138.60	135.60	133.63
Other Liabilities	86.27	77.17	71.40	246.27	231.71	111.07	109.69	103.45	115.92	117.50	117.79	119.15
Total Liabilities	405.56	466.34	487.55	491.34	511.92	399.98	359.89	345.07	345.86	345.52	352.51	356.18
Fixed Assets	94.48	90.63	230.36	217.01	206.61	196.88	203.29	192.13	181.85	171.77	161.54	151.24
CWIP	249.24	321.02	213.59	239.19	244.18	46.94	29.71	29.71	29.71	29.71	29.71	29.71
Investments	0.19	0.19	0.19	0.19	0.02	25.97	12.31	12.31	12.31	12.31	12.29	12.29
Other Assets	61.65	54.50	43.41	34.95	61.11	130.19	114.58	110.92	121.99	131.73	148.97	162.94
Total Assets	405.56	466.34	487.55	491.34	511.92	399.98	359.89	345.07	345.86	345.52	352.51	356.18

Energy Development Company Ltd Reserves and Borrowings Chart

Energy Development Company Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	14.54	19.88	38.79	23.27	10.46	5.66	16.69	15.30	18.14	15.31	28.10	18.99
Cash from Investing Activity	-95.73	-71.27	-42.02	-13.55	-26.03	-5.29	8.91	-1.93	-1.50	-4.21	-10.65	-5.22
Cash from Financing Activity	73.79	56.63	-0.84	-7.75	16.45	-3.88	-21.68	-18.51	-14.91	-11.18	-14.80	-12.63
Net Cash Flow	-7.40	5.24	-4.07	1.97	0.89	-3.51	3.92	-5.13	1.73	-0.07	2.66	1.14

Energy Development Company Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	118.08	180.19	138.92	98.01	83.27	144.45	235.66	381.09	441.19	439.07	337.82	401.66
Inventory Days
Days Payable
Cash Conversion Cycle	118.08	180.19	138.92	98.01	83.27	144.45	235.66	381.09	441.19	439.07	337.82	401.66
Working Capital Days	-72.92	-84.87	-141.31	-98.21	-88.64	-21.36	67.75	152.52	24.38	101.37	78.38	100.61
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

No valid data available for the Shareholding

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

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.89	1.52	-1.33	-0.94	-1.17
Diluted EPS (Rs.)	0.89	1.52	-1.33	-0.94	-1.17
Cash EPS (Rs.)	3.06	3.69	0.85	1.26	0.86
Book Value[Excl.RevalReserv]/Share (Rs.)	20.38	18.99	17.43	18.74	20.30
Book Value[Incl.RevalReserv]/Share (Rs.)	20.38	18.99	17.43	18.74	20.30
Revenue From Operations / Share (Rs.)	7.88	9.05	6.59	6.30	7.36
PBDIT / Share (Rs.)	6.19	6.98	3.98	3.03	4.05
PBIT / Share (Rs.)	4.02	4.81	1.80	0.83	1.70
PBT / Share (Rs.)	1.11	1.18	-2.15	-3.02	-2.46
Net Profit / Share (Rs.)	0.88	1.52	-1.33	-0.94	-1.49
NP After MI And SOA / Share (Rs.)	0.88	1.83	-1.00	-0.63	-1.17
PBDIT Margin (%)	78.49	77.15	60.40	48.14	55.01
PBIT Margin (%)	50.96	53.14	27.29	13.22	23.08
PBT Margin (%)	14.12	13.04	-32.70	-47.96	-33.39
Net Profit Margin (%)	11.25	16.83	-20.19	-14.93	-20.19
NP After MI And SOA Margin (%)	11.25	20.27	-15.26	-10.13	-15.94
Return on Networth / Equity (%)	4.07	8.86	-5.34	-3.22	-5.57
Return on Capital Employeed (%)	9.97	12.08	3.52	1.59	3.11
Return On Assets (%)	1.18	2.47	-1.38	-0.87	-1.60
Long Term Debt / Equity (X)	0.90	1.00	1.76	1.65	1.61
Total Debt / Equity (X)	1.53	1.63	1.77	1.66	1.62
Asset Turnover Ratio (%)	0.12	0.04	0.03	0.03	0.04
Current Ratio (X)	0.78	0.76	1.07	1.05	1.17
Quick Ratio (X)	0.78	0.76	1.06	1.04	1.15
Inventory Turnover Ratio (X)	0.03	0.33	0.67	0.74	0.49
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	-78.23	-42.61
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	32.01	42.52
Earning Retention Ratio (%)	0.00	0.00	0.00	178.23	142.61
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	67.99	57.48
Interest Coverage Ratio (%)	2.13	1.92	1.01	0.78	0.97
Interest Coverage Ratio (Post Tax) (%)	1.31	1.42	0.66	0.75	0.64
Enterprise Value (Cr.)	207.04	234.64	190.48	168.86	189.09
EV / Net Operating Revenue (X)	5.53	5.46	6.09	5.64	5.41
EV / EBITDA (X)	7.04	7.08	10.08	11.71	9.84
MarketCap / Net Operating Revenue (X)	1.99	2.32	1.35	0.70	0.92
Retention Ratios (%)	0.00	0.00	0.00	178.23	142.61
Price / BV (X)	0.72	1.01	0.47	0.22	0.32
Price / Net Operating Revenue (X)	1.99	2.32	1.35	0.70	0.92
EarningsYield	0.05	0.08	-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 of Energy Development Company Ltd Stock

Fair Value: ₹41.07

The stock is undervalued by 115.03% compared to the current price ₹19.1

*Investments are subject to market risks

Strength and Weakness of Energy Development Company Ltd Stock

Strength	Weakness
The stock has a high average ROCE, which is a positive sign. The stock has a low average Working Capital Days, which is a positive sign. The company has higher reserves compared to borrowings, indicating strong financial stability.	The stock has a high average Cash Conversion Cycle, which may not be favorable. The company has not shown consistent growth in sales and profit.

Strength

Weakness

The stock has a high average ROCE, which is a positive sign.

The stock has a low average Working Capital Days, which is a positive sign.

The company has higher reserves compared to borrowings, indicating strong financial stability.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

The company has not shown consistent growth in sales and profit.

About the Company - Energy Development Company Ltd

Energy Development Company Ltd. Share Price Update

Basic Stock Data of Energy Development Company Ltd

Energy Development Company Ltd Quarterly Results

Energy Development Company Ltd Quarterly Chart

Energy Development Company Ltd Profit & Loss

Energy Development Company Ltd Profit & Loss Yearly Chart

Energy Development Company Ltd Growth

Energy Development Company Ltd Growth

Energy Development Company Ltd Growth

Energy Development Company Ltd Growth

Energy Development Company Ltd Balance Sheet

Energy Development Company Ltd Reserves and Borrowings Chart

Energy Development Company Ltd Cash Flow

Energy Development Company Ltd Financial Efficiency Indicators

Energy Development Company Ltd Financial Efficiency Indicators Chart

Energy Development Company Ltd Shareholding Pattern Chart

No. of Energy Development Company Ltd Shareholders

Energy Development Company Ltd ROCE Trend

Energy Development Company Ltd EPS Trend

Energy Development Company Ltd Key Financial Ratios

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 of Energy Development Company Ltd Stock

Strength and Weakness of Energy Development Company Ltd Stock

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