India Power Corporation Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 19, 2026, 11:07 am

Market Cap	910 Cr.
Current Price	9.35
Intrinsic Value	₹6.17
High / Low	15.5/8.00
Stock P/E	344
Book Value	6.60
Dividend Yield	0.54 %
ROCE	2.88 %
ROE	0.44 %
Face Value	1.00
PEG Ratio	-15.08

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for India Power Corporation Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Muzali Arts Ltd	5.80 Cr.	0.98	/		2.03	0.00 %	8.46 %	8.74 %	1.00
IND Renewable Energy Ltd	16.4 Cr.	11.8	16.7/9.80		18.7	0.00 %	0.23 %	0.31 %	10.0
GMR Power & Urban Infra Ltd	8,517 Cr.	109	141/89.4		19.7	0.00 %	13.2 %	%	5.00
Gita Renewable Energy Ltd	30.4 Cr.	74.0	138/72.7		31.5	0.00 %	2.93 %	2.93 %	10.0
SJVN Ltd	30,004 Cr.	76.4	108/68.1	47.5	37.1	1.88 %	4.91 %	5.81 %	10.0
Industry Average	60,541.30 Cr	168.76		49.49	94.05	0.91%	8.95%	11.73%	7.77

All Competitor Stocks of India Power Corporation Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	158.27	144.92	152.32	172.18	161.22	135.90	157.71	168.37	149.47	150.12	131.95	158.39	187.45
Expenses	160.63	142.06	151.10	157.60	154.78	123.77	151.89	160.59	145.47	142.02	228.86	152.62	180.66
Operating Profit	-2.36	2.86	1.22	14.58	6.44	12.13	5.82	7.78	4.00	8.10	-96.91	5.77	6.79
OPM %	-1.49%	1.97%	0.80%	8.47%	3.99%	8.93%	3.69%	4.62%	2.68%	5.40%	-73.44%	3.64%	3.62%
Other Income	23.70	17.84	20.54	7.55	15.02	9.67	14.77	13.93	16.85	11.77	102.62	-232.53	11.74
Interest	9.16	8.73	9.75	9.31	8.32	7.76	7.14	7.76	6.61	6.22	6.16	4.33	4.28
Depreciation	7.24	7.22	7.36	8.33	8.12	8.48	8.51	8.76	8.87	8.90	8.99	8.96	8.97
Profit before tax	4.94	4.75	4.65	4.49	5.02	5.56	4.94	5.19	5.37	4.75	-9.44	-240.05	5.28
Tax %	26.32%	26.32%	29.25%	25.61%	24.90%	25.36%	22.27%	24.86%	24.77%	32.00%	-26.27%	0.59%	28.60%
Net Profit	3.64	3.51	3.28	3.34	3.76	4.15	3.84	3.90	4.05	3.23	-6.96	-241.46	3.76
EPS in Rs	0.04	0.04	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.03	-0.07	-2.48	0.04

Last Updated: January 1, 2026, 10:34 pm

Below is a detailed analysis of the quarterly data for India Power Corporation Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Sales, as of Sep 2025, the value is 187.45 Cr.. The value appears strong and on an upward trend. It has increased from 158.39 Cr. (Jun 2025) to 187.45 Cr., marking an increase of 29.06 Cr..
For Expenses, as of Sep 2025, the value is 180.66 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 152.62 Cr. (Jun 2025) to 180.66 Cr., marking an increase of 28.04 Cr..
For Operating Profit, as of Sep 2025, the value is 6.79 Cr.. The value appears strong and on an upward trend. It has increased from 5.77 Cr. (Jun 2025) to 6.79 Cr., marking an increase of 1.02 Cr..
For OPM %, as of Sep 2025, the value is 3.62%. The value appears to be declining and may need further review. It has decreased from 3.64% (Jun 2025) to 3.62%, marking a decrease of 0.02%.
For Other Income, as of Sep 2025, the value is 11.74 Cr.. The value appears strong and on an upward trend. It has increased from -232.53 Cr. (Jun 2025) to 11.74 Cr., marking an increase of 244.27 Cr..
For Interest, as of Sep 2025, the value is 4.28 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.33 Cr. (Jun 2025) to 4.28 Cr., marking a decrease of 0.05 Cr..
For Depreciation, as of Sep 2025, the value is 8.97 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8.96 Cr. (Jun 2025) to 8.97 Cr., marking an increase of 0.01 Cr..
For Profit before tax, as of Sep 2025, the value is 5.28 Cr.. The value appears strong and on an upward trend. It has increased from -240.05 Cr. (Jun 2025) to 5.28 Cr., marking an increase of 245.33 Cr..
For Tax %, as of Sep 2025, the value is 28.60%. The value appears to be increasing, which may not be favorable. It has increased from 0.59% (Jun 2025) to 28.60%, marking an increase of 28.01%.
For Net Profit, as of Sep 2025, the value is 3.76 Cr.. The value appears strong and on an upward trend. It has increased from -241.46 Cr. (Jun 2025) to 3.76 Cr., marking an increase of 245.22 Cr..
For EPS in Rs, as of Sep 2025, the value is 0.04. The value appears strong and on an upward trend. It has increased from -2.48 (Jun 2025) to 0.04, marking an increase of 2.52.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:26 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	695	627	562	450	481	523	481	500	560	599	627	600	628
Expenses	603	533	477	355	392	450	429	430	551	542	571	646	704
Operating Profit	91	95	85	95	89	74	52	69	9	58	56	-46	-76
OPM %	13%	15%	15%	21%	19%	14%	11%	14%	2%	10%	9%	-8%	-12%
Other Income	3	2	18	42	40	45	51	19	74	28	30	114	-106
Interest	35	45	41	58	78	74	46	38	33	38	33	27	21
Depreciation	15	15	18	18	17	16	29	30	29	29	33	36	36
Profit before tax	45	37	44	61	35	28	28	21	22	19	20	6	-239
Tax %	35%	34%	27%	36%	38%	33%	41%	-29%	27%	27%	25%	28%
Net Profit	29	24	32	39	21	19	17	27	16	14	15	4	-241
EPS in Rs	0.30	0.25	0.33	0.40	0.22	0.19	0.17	0.27	0.17	0.14	0.15	0.04	-2.48
Dividend Payout %	17%	20%	15%	12%	23%	26%	29%	18%	30%	36%	32%	115%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-17.24%	33.33%	21.88%	-46.15%	-9.52%	-10.53%	58.82%	-40.74%	-12.50%	7.14%	-73.33%
Change in YoY Net Profit Growth (%)	0.00%	50.57%	-11.46%	-68.03%	36.63%	-1.00%	69.35%	-99.56%	28.24%	19.64%	-80.48%

India Power Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	0%
5 Years:	5%
3 Years:	2%
TTM:	-5%

Compounded Profit Growth
10 Years:	-16%
5 Years:	-23%
3 Years:	-25%
TTM:	-83%

Stock Price CAGR
10 Years:	-1%
5 Years:	0%
3 Years:	-9%
1 Year:	-34%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	1%
Last Year:	0%

Last Updated: September 5, 2025, 3:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:11 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	97	97	97	97	97	97	97	97	97	97	97	97	97
Reserves	847	933	983	1,022	1,044	1,066	1,527	1,551	1,280	916	924	785	545
Borrowings	392	538	853	589	645	338	342	299	328	282	209	153	92
Other Liabilities	377	308	308	366	372	412	606	561	602	729	824	776	806
Total Liabilities	1,713	1,877	2,241	2,075	2,158	1,913	2,573	2,508	2,307	2,024	2,055	1,812	1,541
Fixed Assets	308	385	367	343	341	348	902	950	907	897	882	969	951
CWIP	51	18	9	15	38	68	84	22	21	15	14	10	16
Investments	208	318	605	322	116	107	101	102	101	3	4	2	19
Other Assets	1,146	1,157	1,260	1,394	1,663	1,390	1,486	1,435	1,277	1,109	1,155	831	554
Total Assets	1,713	1,877	2,241	2,075	2,158	1,913	2,573	2,508	2,307	2,024	2,055	1,812	1,541

Below is a detailed analysis of the balance sheet data for India Power Corporation Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 97.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 97.00 Cr..
For Reserves, as of Sep 2025, the value is 545.00 Cr.. The value appears to be declining and may need further review. It has decreased from 785.00 Cr. (Mar 2025) to 545.00 Cr., marking a decrease of 240.00 Cr..
For Borrowings, as of Sep 2025, the value is 92.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 153.00 Cr. (Mar 2025) to 92.00 Cr., marking a decrease of 61.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 806.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 776.00 Cr. (Mar 2025) to 806.00 Cr., marking an increase of 30.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 1,541.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,812.00 Cr. (Mar 2025) to 1,541.00 Cr., marking a decrease of 271.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 951.00 Cr.. The value appears to be declining and may need further review. It has decreased from 969.00 Cr. (Mar 2025) to 951.00 Cr., marking a decrease of 18.00 Cr..
For CWIP, as of Sep 2025, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2025) to 16.00 Cr., marking an increase of 6.00 Cr..
For Investments, as of Sep 2025, the value is 19.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Mar 2025) to 19.00 Cr., marking an increase of 17.00 Cr..
For Other Assets, as of Sep 2025, the value is 554.00 Cr.. The value appears to be declining and may need further review. It has decreased from 831.00 Cr. (Mar 2025) to 554.00 Cr., marking a decrease of 277.00 Cr..
For Total Assets, as of Sep 2025, the value is 1,541.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,812.00 Cr. (Mar 2025) to 1,541.00 Cr., marking a decrease of 271.00 Cr..

Notably, the Reserves (545.00 Cr.) exceed the Borrowings (92.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	152	36	25	136	63	139	94	33	-2	70	100	83
Cash from Investing Activity +	-257	-126	-245	307	-7	254	-19	9	-15	-1	-30	-10
Cash from Financing Activity +	110	92	222	-448	-54	-397	-36	-84	15	-64	-75	-73
Net Cash Flow	5	2	3	-5	2	-4	39	-42	-2	5	-5	-0

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-301.00	-443.00	-768.00	-494.00	-556.00	-264.00	-290.00	-230.00	-319.00	-224.00	-153.00	-199.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	48	45	60	48	42	36	49	45	54	62	65	63
Inventory Days
Days Payable
Cash Conversion Cycle	48	45	60	48	42	36	49	45	54	62	65	63
Working Capital Days	-6	-26	-5	39	178	47	-27	38	2	-43	-12	-46
ROCE %	6%	6%	5%	5%	6%	6%	4%	3%	3%	4%	4%	3%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	59.49%	59.49%	59.49%	59.49%	59.49%	59.47%	59.47%	59.47%	59.47%	59.47%	59.36%	59.33%
FIIs	0.00%	0.00%	0.00%	0.01%	0.00%	0.25%	0.14%	0.12%	0.14%	0.15%	0.14%	0.14%
DIIs	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
Public	40.38%	40.38%	40.38%	40.37%	40.38%	40.16%	40.27%	40.28%	40.27%	40.25%	40.38%	40.41%
No. of Shareholders	34,447	34,523	34,661	41,049	59,233	92,956	98,434	1,13,133	1,14,482	1,14,196	1,13,656	1,11,928

Shareholding Pattern Chart

No. of Shareholders

India Power Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.04	0.11	0.10	0.10	0.17
Diluted EPS (Rs.)	0.04	0.11	0.10	0.10	0.23
Cash EPS (Rs.)	0.43	0.51	0.47	0.45	0.57
Book Value[Excl.RevalReserv]/Share (Rs.)	3.02	5.53	9.71	13.43	16.22
Book Value[Incl.RevalReserv]/Share (Rs.)	8.41	9.82	9.71	13.43	16.22
Revenue From Operations / Share (Rs.)	6.37	6.67	6.40	5.98	5.40
PBDIT / Share (Rs.)	0.41	0.74	0.21	0.34	1.05
PBIT / Share (Rs.)	0.04	0.39	-0.08	0.04	0.74
PBT / Share (Rs.)	0.09	0.22	0.22	0.21	0.21
Net Profit / Share (Rs.)	0.07	0.17	0.17	0.15	0.27
NP After MI And SOA / Share (Rs.)	0.07	0.17	0.16	0.15	0.26
PBDIT Margin (%)	6.48	11.10	3.30	5.70	19.40
PBIT Margin (%)	0.76	5.95	-1.35	0.78	13.75
PBT Margin (%)	1.41	3.34	3.54	3.66	3.98
Net Profit Margin (%)	1.14	2.58	2.73	2.65	5.09
NP After MI And SOA Margin (%)	1.13	2.64	2.54	2.64	4.98
Return on Networth / Equity (%)	2.39	3.19	1.67	1.17	1.65
Return on Capital Employeed (%)	0.39	2.74	-0.59	0.25	3.52
Return On Assets (%)	0.38	0.83	0.78	0.66	1.04
Long Term Debt / Equity (X)	0.41	0.29	0.21	0.16	0.10
Total Debt / Equity (X)	0.52	0.39	0.29	0.24	0.16
Asset Turnover Ratio (%)	0.31	0.31	0.27	0.23	0.19
Current Ratio (X)	1.37	1.38	1.31	1.38	1.32
Quick Ratio (X)	1.35	1.36	1.29	1.36	1.30
Inventory Turnover Ratio (X)	55.45	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	32.55	13.31	14.44	14.86	8.73
Dividend Payout Ratio (CP) (%)	5.37	4.52	5.09	5.19	4.09
Earning Retention Ratio (%)	67.45	86.69	85.56	85.14	91.27
Cash Earning Retention Ratio (%)	94.63	95.48	94.91	94.81	95.91
Interest Coverage Ratio (X)	1.48	2.20	0.54	1.01	2.70
Interest Coverage Ratio (Post Tax) (X)	0.11	1.03	-0.35	-0.03	2.06
Enterprise Value (Cr.)	1215.87	1678.90	1262.47	1616.67	1387.61
EV / Net Operating Revenue (X)	1.96	2.58	2.03	2.78	2.64
EV / EBITDA (X)	30.20	23.27	61.33	48.64	13.61
MarketCap / Net Operating Revenue (X)	1.78	2.31	1.62	2.25	2.16
Retention Ratios (%)	67.44	86.68	85.55	85.13	91.26
Price / BV (X)	3.75	2.78	1.07	1.00	0.71
Price / Net Operating Revenue (X)	1.78	2.31	1.62	2.25	2.16
EarningsYield	0.01	0.01	0.01	0.01	0.02

After reviewing the key financial ratios for India Power Corporation Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 24) to 0.04, marking a decrease of 0.07.
For Diluted EPS (Rs.), as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 24) to 0.04, marking a decrease of 0.07.
For Cash EPS (Rs.), as of Mar 25, the value is 0.43. This value is below the healthy minimum of 3. It has decreased from 0.51 (Mar 24) to 0.43, marking a decrease of 0.08.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 3.02. It has decreased from 5.53 (Mar 24) to 3.02, marking a decrease of 2.51.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 8.41. It has decreased from 9.82 (Mar 24) to 8.41, marking a decrease of 1.41.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 6.37. It has decreased from 6.67 (Mar 24) to 6.37, marking a decrease of 0.30.
For PBDIT / Share (Rs.), as of Mar 25, the value is 0.41. This value is below the healthy minimum of 2. It has decreased from 0.74 (Mar 24) to 0.41, marking a decrease of 0.33.
For PBIT / Share (Rs.), as of Mar 25, the value is 0.04. This value is within the healthy range. It has decreased from 0.39 (Mar 24) to 0.04, marking a decrease of 0.35.
For PBT / Share (Rs.), as of Mar 25, the value is 0.09. This value is within the healthy range. It has decreased from 0.22 (Mar 24) to 0.09, marking a decrease of 0.13.
For Net Profit / Share (Rs.), as of Mar 25, the value is 0.07. This value is below the healthy minimum of 2. It has decreased from 0.17 (Mar 24) to 0.07, marking a decrease of 0.10.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 0.07. This value is below the healthy minimum of 2. It has decreased from 0.17 (Mar 24) to 0.07, marking a decrease of 0.10.
For PBDIT Margin (%), as of Mar 25, the value is 6.48. This value is below the healthy minimum of 10. It has decreased from 11.10 (Mar 24) to 6.48, marking a decrease of 4.62.
For PBIT Margin (%), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 10. It has decreased from 5.95 (Mar 24) to 0.76, marking a decrease of 5.19.
For PBT Margin (%), as of Mar 25, the value is 1.41. This value is below the healthy minimum of 10. It has decreased from 3.34 (Mar 24) to 1.41, marking a decrease of 1.93.
For Net Profit Margin (%), as of Mar 25, the value is 1.14. This value is below the healthy minimum of 5. It has decreased from 2.58 (Mar 24) to 1.14, marking a decrease of 1.44.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 1.13. This value is below the healthy minimum of 8. It has decreased from 2.64 (Mar 24) to 1.13, marking a decrease of 1.51.
For Return on Networth / Equity (%), as of Mar 25, the value is 2.39. This value is below the healthy minimum of 15. It has decreased from 3.19 (Mar 24) to 2.39, marking a decrease of 0.80.
For Return on Capital Employeed (%), as of Mar 25, the value is 0.39. This value is below the healthy minimum of 10. It has decreased from 2.74 (Mar 24) to 0.39, marking a decrease of 2.35.
For Return On Assets (%), as of Mar 25, the value is 0.38. This value is below the healthy minimum of 5. It has decreased from 0.83 (Mar 24) to 0.38, marking a decrease of 0.45.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.41. This value is within the healthy range. It has increased from 0.29 (Mar 24) to 0.41, marking an increase of 0.12.
For Total Debt / Equity (X), as of Mar 25, the value is 0.52. This value is within the healthy range. It has increased from 0.39 (Mar 24) to 0.52, marking an increase of 0.13.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.31. There is no change compared to the previous period (Mar 24) which recorded 0.31.
For Current Ratio (X), as of Mar 25, the value is 1.37. This value is below the healthy minimum of 1.5. It has decreased from 1.38 (Mar 24) to 1.37, marking a decrease of 0.01.
For Quick Ratio (X), as of Mar 25, the value is 1.35. This value is within the healthy range. It has decreased from 1.36 (Mar 24) to 1.35, marking a decrease of 0.01.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 55.45. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 55.45, marking an increase of 55.45.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 32.55. This value is within the healthy range. It has increased from 13.31 (Mar 24) to 32.55, marking an increase of 19.24.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 5.37. This value is below the healthy minimum of 20. It has increased from 4.52 (Mar 24) to 5.37, marking an increase of 0.85.
For Earning Retention Ratio (%), as of Mar 25, the value is 67.45. This value is within the healthy range. It has decreased from 86.69 (Mar 24) to 67.45, marking a decrease of 19.24.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 94.63. This value exceeds the healthy maximum of 70. It has decreased from 95.48 (Mar 24) to 94.63, marking a decrease of 0.85.
For Interest Coverage Ratio (X), as of Mar 25, the value is 1.48. This value is below the healthy minimum of 3. It has decreased from 2.20 (Mar 24) to 1.48, marking a decrease of 0.72.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 0.11. This value is below the healthy minimum of 3. It has decreased from 1.03 (Mar 24) to 0.11, marking a decrease of 0.92.
For Enterprise Value (Cr.), as of Mar 25, the value is 1,215.87. It has decreased from 1,678.90 (Mar 24) to 1,215.87, marking a decrease of 463.03.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.96. This value is within the healthy range. It has decreased from 2.58 (Mar 24) to 1.96, marking a decrease of 0.62.
For EV / EBITDA (X), as of Mar 25, the value is 30.20. This value exceeds the healthy maximum of 15. It has increased from 23.27 (Mar 24) to 30.20, marking an increase of 6.93.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.78. This value is within the healthy range. It has decreased from 2.31 (Mar 24) to 1.78, marking a decrease of 0.53.
For Retention Ratios (%), as of Mar 25, the value is 67.44. This value is within the healthy range. It has decreased from 86.68 (Mar 24) to 67.44, marking a decrease of 19.24.
For Price / BV (X), as of Mar 25, the value is 3.75. This value exceeds the healthy maximum of 3. It has increased from 2.78 (Mar 24) to 3.75, marking an increase of 0.97.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.78. This value is within the healthy range. It has decreased from 2.31 (Mar 24) to 1.78, marking a decrease of 0.53.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of India Power Corporation Ltd as of February 19, 2026 is: ₹8.03

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.

As of February 19, 2026, India Power Corporation Ltd is Overvalued by 14.12% compared to the current share price ₹9.35

Intrinsic Value of India Power Corporation Ltd as of February 19, 2026 is: ₹6.20

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 19, 2026, India Power Corporation Ltd is Overvalued by 33.69% compared to the current share price ₹9.35

Last 5 Year EPS CAGR: -22.81%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 0.23 and average Dividend Yield of 3.98%. The stock has a low average Working Capital Days of 11.58, which is a positive sign. The company has higher reserves (1,032.54 cr) compared to borrowings (389.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (564.08 cr) and profit (9.77 cr) over the years.	The stock has a low average ROCE of 4.58%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 51.42, which may not be favorable.

Strength

Weakness

The stock is trading at a low valuation with an average P/B ratio of 0.23 and average Dividend Yield of 3.98%.
The stock has a low average Working Capital Days of 11.58, which is a positive sign.
The company has higher reserves (1,032.54 cr) compared to borrowings (389.23 cr), indicating strong financial stability.
The company has shown consistent growth in sales (564.08 cr) and profit (9.77 cr) over the years.

The stock has a low average ROCE of 4.58%, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 51.42, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in India Power Corporation Ltd:
1. Net Profit Margin: 1.14%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 0.39% (Industry Average ROCE: 8.95%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.39% (Industry Average ROE: 11.73%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 0.11
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.35
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 344 (Industry average Stock P/E: 49.49)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.52
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

India Power Corporation Ltd. is a Public Limited Listed company incorporated on 02/07/1919 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L40105WB1919PLC003263 and registration number is 003263. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 599.91 Cr. and Equity Capital is Rs. 97.38 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	Plot No. X 1, 2 & 3, Kolkata West Bengal 700091	Contact not found

Management
Name	Position Held
Mr. Anil Kumar Jha	Chairperson & Independent Director
Mr. Raghav Raj Kanoria	Managing Director
Mr. Debashis Bose	Executive Director
Mr. Somesh Dasgupta	Whole Time Director
Mr. Jyoti Kumar Poddar	Non Executive Director
Ms. Pragya Jhunjhunwala	Independent Director
Mr. Suresh Chandra Gupta	Independent Director

FAQ

What is the intrinsic value of India Power Corporation Ltd?

India Power Corporation Ltd's intrinsic value (as of 19 February 2026) is ₹6.20 which is 33.69% lower the current market price of ₹9.35, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹910 Cr. market cap, FY2025-2026 high/low of ₹15.5/8.00, reserves of ₹545 Cr, and liabilities of ₹1,541 Cr.

What is the Market Cap of India Power Corporation Ltd?

The Market Cap of India Power Corporation Ltd is 910 Cr..

What is the current Stock Price of India Power Corporation Ltd as on 19 February 2026?

The current stock price of India Power Corporation Ltd as on 19 February 2026 is ₹9.35.

What is the High / Low of India Power Corporation Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of India Power Corporation Ltd stocks is ₹15.5/8.00.

What is the Stock P/E of India Power Corporation Ltd?

The Stock P/E of India Power Corporation Ltd is 344.

What is the Book Value of India Power Corporation Ltd?

The Book Value of India Power Corporation Ltd is 6.60.

What is the Dividend Yield of India Power Corporation Ltd?

The Dividend Yield of India Power Corporation Ltd is 0.54 %.

What is the ROCE of India Power Corporation Ltd?

The ROCE of India Power Corporation Ltd is 2.88 %.

What is the ROE of India Power Corporation Ltd?

The ROE of India Power Corporation Ltd is 0.44 %.

What is the Face Value of India Power Corporation Ltd?

The Face Value of India Power Corporation Ltd is 1.00.