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India Power Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹6.55Overvalued by 14.04%vs CMP ₹7.62

P/E (280.0) × ROE (0.4%) × BV (₹6.60) × DY (0.66%)

₹3.32Overvalued by 56.43%vs CMP ₹7.62
MoS: -129.5% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5.0629%Over (-33.6%)
Graham NumberEarnings₹2.4421%Over (-68%)
Earnings PowerEarnings₹0.1214%Over (-98.4%)
Net Asset ValueAssets₹6.599%Over (-13.5%)
Earnings YieldEarnings₹0.409%Over (-94.8%)
ROCE CapitalReturns₹2.219%Over (-71%)
Revenue MultipleRevenue₹6.167%Over (-19.2%)
Consensus (7 models)₹3.32100%Overvalued
Key Drivers: EPS CAGR -22.8% drags value — could be higher if earnings stabilize. | P/E of 280 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -22.8%

*Investments are subject to market risks

Analyst Summary

India Power Corporation Ltd operates in the Power - Generation/Distribution segment, current market price is ₹7.62, market cap is 742 Cr.. At a glance, stock P/E is 280, ROE is 0.44 %, ROCE is 2.88 %, book value is 6.60, dividend yield is 0.66 %. The latest intrinsic value estimate is ₹3.32, around 56.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹600 Cr versus the prior period change of -4.3%, while latest net profit is about ₹4 Cr with a prior-period change of -73.3%. The 52-week range shown on this page is 15.5/7.00, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisIndia 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(C…

This summary is generated from the stock page data available for India Power Corporation Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

45
India Power Corporation Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 2.9% WeakROE 0.4% WeakD/E 0.16 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 59.3% Stable
Earnings Quality50/100 · Moderate
OPM contracting (6% → 1%) DecliningWorking capital: -46 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 3% YoY FlatProfit (4Q): -1,615% YoY Declining
Industry Rank15/100 · Weak
P/E 280.0 vs industry 41.9 Premium to peersROCE 2.9% vs industry 9.0% Below peersROE 0.4% vs industry 11.7% Below peers3Y sales CAGR: 2% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:50 am

Market Cap 742 Cr.
Current Price 7.62
Intrinsic Value₹3.32
High / Low 15.5/7.00
Stock P/E280
Book Value 6.60
Dividend Yield0.66 %
ROCE2.88 %
ROE0.44 %
Face Value 1.00
PEG Ratio-12.30

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

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 ⇩
India Power Corporation Ltd 742 Cr. 7.62 15.5/7.00280 6.600.66 %2.88 %0.44 % 1.00
Orient Green Power Company Ltd 1,053 Cr. 8.98 15.8/7.9817.5 10.20.00 %6.65 %3.84 % 10.0
GVK Power & Infrastructure Ltd 381 Cr. 2.41 4.51/2.35 9.200.00 %10.6 %% 1.00
Indowind Energy Ltd 116 Cr. 7.19 23.7/7.00115 17.80.00 %1.99 %0.49 % 10.0
Gujarat Industries Power Co Ltd 2,009 Cr. 129 224/12013.8 2283.16 %6.44 %6.19 % 10.0
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of India Power Corporation Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 158.27144.92152.32172.18161.22135.90157.71168.37149.47150.12131.95158.39187.45
Expenses 160.63142.06151.10157.60154.78123.77151.89160.59145.47142.02228.86152.62180.66
Operating Profit -2.362.861.2214.586.4412.135.827.784.008.10-96.915.776.79
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 23.7017.8420.547.5515.029.6714.7713.9316.8511.77102.62-232.5311.74
Interest 9.168.739.759.318.327.767.147.766.616.226.164.334.28
Depreciation 7.247.227.368.338.128.488.518.768.878.908.998.968.97
Profit before tax 4.944.754.654.495.025.564.945.195.374.75-9.44-240.055.28
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 3.643.513.283.343.764.153.843.904.053.23-6.96-241.463.76
EPS in Rs 0.040.040.030.030.040.040.040.040.040.03-0.07-2.480.04

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 695627562450481523481500560599627600622
Expenses 603533477355392450429430551542571646711
Operating Profit 919585958974526995856-46-89
OPM % 13%15%15%21%19%14%11%14%2%10%9%-8%-14%
Other Income 32184240455119742830114-96
Interest 35454158787446383338332719
Depreciation 15151818171629302929333636
Profit before tax 45374461352828212219206-239
Tax % 35%34%27%36%38%33%41%-29%27%27%25%28%
Net Profit 29243239211917271614154-241
EPS in Rs 0.300.250.330.400.220.190.170.270.170.140.150.04-2.47
Dividend Payout % 17%20%15%12%23%26%29%18%30%36%32%115%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 97979797979797979797979797
Reserves 8479339831,0221,0441,0661,5271,5511,280916924785545
Borrowings 39253885358964533834229932828220915392
Other Liabilities 377308308366372412606561602729824776806
Total Liabilities 1,7131,8772,2412,0752,1581,9132,5732,5082,3072,0242,0551,8121,541
Fixed Assets 308385367343341348902950907897882969951
CWIP 5118915386884222115141016
Investments 20831860532211610710110210134219
Other Assets 1,1461,1571,2601,3941,6631,3901,4861,4351,2771,1091,155831554
Total Assets 1,7131,8772,2412,0752,1581,9132,5732,5082,3072,0242,0551,8121,541

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1523625136631399433-27010083
Cash from Investing Activity + -257-126-245307-7254-199-15-1-30-10
Cash from Financing Activity + 11092222-448-54-397-36-8415-64-75-73
Net Cash Flow 523-52-439-42-25-5-0
Free Cash Flow 70173212134936818-15769170
CFO/OP 174%49%38%144%74%196%188%53%20%121%183%-186%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 484560484236494554626563
Inventory Days
Days Payable
Cash Conversion Cycle 484560484236494554626563
Working Capital Days -6-26-53917847-27382-43-12-46
ROCE %6%6%5%5%6%6%4%3%3%4%4%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.49%59.49%59.49%59.49%59.47%59.47%59.47%59.47%59.47%59.36%59.33%59.33%
FIIs 0.00%0.00%0.01%0.00%0.25%0.14%0.12%0.14%0.15%0.14%0.14%0.13%
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%40.37%40.38%40.16%40.27%40.28%40.27%40.25%40.38%40.41%40.42%
No. of Shareholders 34,52334,66141,04959,23392,95698,4341,13,1331,14,4821,14,1961,13,6561,11,9281,09,085

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

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.040.110.100.100.17
Diluted EPS (Rs.) 0.040.110.100.100.23
Cash EPS (Rs.) 0.430.510.470.450.57
Book Value[Excl.RevalReserv]/Share (Rs.) 3.025.539.7113.4316.22
Book Value[Incl.RevalReserv]/Share (Rs.) 8.419.829.7113.4316.22
Revenue From Operations / Share (Rs.) 6.376.676.405.985.40
PBDIT / Share (Rs.) 0.410.740.210.341.05
PBIT / Share (Rs.) 0.040.39-0.080.040.74
PBT / Share (Rs.) 0.090.220.220.210.21
Net Profit / Share (Rs.) 0.070.170.170.150.27
NP After MI And SOA / Share (Rs.) 0.070.170.160.150.26
PBDIT Margin (%) 6.4811.103.305.7019.40
PBIT Margin (%) 0.765.95-1.350.7813.75
PBT Margin (%) 1.413.343.543.663.98
Net Profit Margin (%) 1.142.582.732.655.09
NP After MI And SOA Margin (%) 1.132.642.542.644.98
Return on Networth / Equity (%) 2.393.191.671.171.65
Return on Capital Employeed (%) 0.392.74-0.590.253.52
Return On Assets (%) 0.380.830.780.661.04
Long Term Debt / Equity (X) 0.410.290.210.160.10
Total Debt / Equity (X) 0.520.390.290.240.16
Asset Turnover Ratio (%) 0.310.310.270.230.19
Current Ratio (X) 1.371.381.311.381.32
Quick Ratio (X) 1.351.361.291.361.30
Inventory Turnover Ratio (X) 55.450.000.000.000.00
Dividend Payout Ratio (NP) (%) 32.5513.3114.4414.868.73
Dividend Payout Ratio (CP) (%) 5.374.525.095.194.09
Earning Retention Ratio (%) 67.4586.6985.5685.1491.27
Cash Earning Retention Ratio (%) 94.6395.4894.9194.8195.91
Interest Coverage Ratio (X) 1.482.200.541.012.70
Interest Coverage Ratio (Post Tax) (X) 0.111.03-0.35-0.032.06
Enterprise Value (Cr.) 1215.871678.901262.471616.671387.61
EV / Net Operating Revenue (X) 1.962.582.032.782.64
EV / EBITDA (X) 30.2023.2761.3348.6413.61
MarketCap / Net Operating Revenue (X) 1.782.311.622.252.16
Retention Ratios (%) 67.4486.6885.5585.1391.26
Price / BV (X) 3.752.781.071.000.71
Price / Net Operating Revenue (X) 1.782.311.622.252.16
EarningsYield 0.010.010.010.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionPlot No. X 1, 2 & 3, Kolkata West Bengal 700091Contact not found
Management
NamePosition Held
Mr. Anil Kumar JhaChairperson & Independent Director
Mr. Raghav Raj KanoriaManaging Director
Mr. Debashis BoseExecutive Director
Mr. Somesh DasguptaWhole Time Director
Mr. Jyoti Kumar PoddarNon Executive Director
Ms. Pragya JhunjhunwalaIndependent Director
Mr. Suresh Chandra GuptaIndependent Director

FAQ

What is the intrinsic value of India Power Corporation Ltd and is it undervalued?

As of 22 April 2026, India Power Corporation Ltd's intrinsic value is ₹3.32, which is 56.43% lower than the current market price of ₹7.62, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.44 %), book value (₹6.60), dividend yield (0.66 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of India Power Corporation Ltd?

India Power Corporation Ltd is trading at ₹7.62 as of 22 April 2026, with a FY2026-2027 high of ₹15.5 and low of ₹7.00. The stock is currently near its 52-week low. Market cap stands at ₹742 Cr..

How does India Power Corporation Ltd's P/E ratio compare to its industry?

India Power Corporation Ltd has a P/E ratio of 280, which is above the industry average of 41.94. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is India Power Corporation Ltd financially healthy?

Key indicators for India Power Corporation Ltd: ROCE of 2.88 % is on the lower side compared to the industry average of 8.95%; ROE of 0.44 % is below ideal levels (industry average: 11.73%). Dividend yield is 0.66 %.

Is India Power Corporation Ltd profitable and how is the profit trend?

India Power Corporation Ltd reported a net profit of ₹4 Cr in Mar 2025 on revenue of ₹600 Cr. Compared to ₹16 Cr in Mar 2022, the net profit shows a declining trend.

Does India Power Corporation Ltd pay dividends?

India Power Corporation Ltd has a dividend yield of 0.66 % at the current price of ₹7.62. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 2:50 am
Author: Getaka|Social: XLinkedIn
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 India Power Corporation 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
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