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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of India Power Corporation Ltd

About the Company - India Power Corporation Ltd

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. 560.04 Cr. and Equity Capital is Rs. 97.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionPlot No. X 1, 2 & 3, Kolkata West Bengal 700091corporate@indiapower.com
http://www.indiapower.com
Management
NamePosition Held
Mr. Amit Kiran DebChairman & Ind.Director
Mr. Raghav Raj KanoriaManaging Director
Mr. Somesh DasguptaWhole Time Director
Mr. Debashis BoseExecutive Director
Mr. Jyoti Kumar PoddarNon Executive Director
Mrs. Dipali KhannaIndependent Director
Mr. Anil Kumar JhaIndependent Director
Mr. Tantra Narayan ThakurIndependent Director

Basic Stock Data of India Power Corporation Ltd

Last Updated: July 19, 2024, 11:13 pm

Market Cap 1,972 Cr.
Current Price 20.2
High / Low28.0/11.8
Stock P/E131
Book Value 10.5
Dividend Yield0.25 %
ROCE4.16 %
ROE1.48 %
Face Value 1.00
PEG Ratio-34.39

Data Source: screener.in

Competitors of India Power Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tata Power Company Ltd 1,32,335 Cr. 414464/21738.4 1010.48 %11.1 %11.3 % 1.00
NHPC Ltd 1,06,749 Cr. 106118/47.429.4 38.51.74 %7.37 %9.59 % 10.0
KKV Agro Powers Ltd 54.4 Cr. 9601,365/543201 3750.52 %4.52 %1.31 % 10.0
Jaiprakash Power Ventures Ltd 12,281 Cr. 17.924.0/5.958.78 16.70.00 %14.0 %12.8 % 10.0
PTC India Ltd 6,420 Cr. 217255/11114.6 1743.60 %9.64 %8.67 % 10.0
Industry Average74,934.76 Cr334.7948.20101.280.81%9.51%11.28%8.58

India Power Corporation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales140.93140.20117.80138.47147.23156.54143.71158.27144.92152.32172.18161.22135.90
Expenses122.10126.68110.82125.03155.00165.05156.53160.63142.06151.10157.60154.78123.77
Operating Profit18.8313.526.9813.44-7.77-8.51-12.82-2.362.861.2214.586.4412.13
OPM %13.36%9.64%5.93%9.71%-5.28%-5.44%-8.92%-1.49%1.97%0.80%8.47%3.99%8.93%
Other Income3.896.2712.984.7025.6836.1534.5823.7017.8420.547.5515.029.67
Interest9.147.798.688.869.016.4310.239.168.739.759.318.327.76
Depreciation7.557.057.127.207.217.137.227.247.227.368.338.128.48
Profit before tax6.034.954.162.081.6914.084.314.944.754.654.495.025.56
Tax %-187.89%34.55%25.00%25.00%23.67%27.63%26.22%26.32%26.32%29.25%25.61%24.90%25.36%
Net Profit17.373.233.121.561.2810.193.183.643.513.283.343.764.15
EPS in Rs0.180.030.030.020.010.100.030.040.040.030.030.040.04

Last Updated: July 11, 2024, 9:06 am

India Power Corporation Ltd Quarterly Chart

India Power Corporation Ltd Profit & Loss

Last Updated: July 10, 2024, 4:39 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales541650695627562450481523481500560599631
Expenses509587603533477355392450429430551610606
Operating Profit336391958595897452699-1125
OPM %6%10%13%15%15%21%19%14%11%14%2%-2%4%
Other Income2932184240455119749661
Interest11193545415878744638333836
Depreciation6111515181817162930292931
Profit before tax17424537446135282821221919
Tax %32%35%35%34%27%36%38%33%41%-29%27%27%
Net Profit12282924323921191727161414
EPS in Rs0.120.280.300.250.330.400.220.190.170.270.170.140.14
Dividend Payout %41%18%17%20%15%12%23%26%29%18%30%36%

India Power Corporation Ltd Profit & Loss Yearly Chart

India Power Corporation Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:4%
3 Years:8%
TTM:5%
Compounded Profit Growth
10 Years:-6%
5 Years:-1%
3 Years:-17%
TTM:10%
Stock Price CAGR
10 Years:-1%
5 Years:17%
3 Years:7%
1 Year:73%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: July 16, 2024, 5:47 pm

India Power Corporation Ltd Balance Sheet

Last Updated: July 10, 2024, 4:39 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital97979797979797979797979797
Reserves298798479339831,0221,0441,0661,5271,5511,280916920
Borrowings155238392538853589645338342299328282231
Other Liabilities228292377308308366372412606561602729804
Total Liabilities5101,5061,7131,8772,2412,0752,1581,9132,5732,5082,3072,0242,053
Fixed Assets154305308385367343341348902950907897881
CWIP10316511891538688422211524
Investments6720831860532211610710110210133
Other Assets2471,1791,1461,1571,2601,3941,6631,3901,4861,4351,2771,1091,145
Total Assets5101,5061,7131,8772,2412,0752,1581,9132,5732,5082,3072,0242,053

India Power Corporation Ltd Reserves and Borrowings Chart

India Power Corporation Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -41523625136631399433-270100
Cash from Investing Activity -63-257-126-245307-7254-199-15-1-30
Cash from Financing Activity 5411092222-448-54-397-36-8415-64-75
Net Cash Flow-13523-52-439-42-25-5

India Power Corporation Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days404845604842364945546265
Inventory Days
Days Payable
Cash Conversion Cycle404845604842364945546265
Working Capital Days31334310813133113210013274416
ROCE %8%6%6%5%5%6%6%4%3%3%4%

India Power Corporation Ltd Financial Efficiency Indicators Chart

India Power Corporation Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters59.49%59.49%59.49%59.49%59.49%59.49%59.49%59.49%59.49%59.49%59.49%59.47%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.25%
DIIs0.12%0.12%0.14%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%
Public40.38%40.38%40.37%40.38%40.38%40.38%40.38%40.38%40.38%40.37%40.38%40.16%
No. of Shareholders9,74311,17925,54631,84133,52434,11734,44734,52334,66141,04959,23392,956

India Power Corporation Ltd Shareholding Pattern Chart

No. of India Power Corporation Ltd Shareholders

This stock is not held by any mutual fund

India Power Corporation Ltd ROCE Trend

India Power Corporation Ltd EPS Trend

India Power Corporation Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.110.100.100.170.08
Diluted EPS (Rs.)0.110.100.100.230.08
Cash EPS (Rs.)0.510.470.450.570.43
Book Value[Excl.RevalReserv]/Share (Rs.)9.829.7113.4316.2215.99
Book Value[Incl.RevalReserv]/Share (Rs.)9.829.7113.4316.2215.99
Revenue From Operations / Share (Rs.)6.676.405.985.404.94
PBDIT / Share (Rs.)0.740.210.341.050.78
PBIT / Share (Rs.)0.39-0.080.040.740.48
PBT / Share (Rs.)0.220.220.210.210.26
Net Profit / Share (Rs.)0.170.170.150.270.14
NP After MI And SOA / Share (Rs.)0.170.160.150.260.13
PBDIT Margin (%)11.103.305.7019.4015.96
PBIT Margin (%)5.95-1.350.7813.759.91
PBT Margin (%)3.343.543.663.985.33
Net Profit Margin (%)2.582.732.655.092.84
NP After MI And SOA Margin (%)2.642.542.644.982.75
Return on Networth / Equity (%)1.791.671.171.650.85
Return on Capital Employeed (%)2.74-0.590.253.522.35
Return On Assets (%)0.830.780.661.040.51
Long Term Debt / Equity (X)0.160.210.160.100.08
Total Debt / Equity (X)0.220.290.240.160.18
Asset Turnover Ratio (%)0.310.270.230.190.20
Current Ratio (X)1.381.311.381.321.21
Quick Ratio (X)1.361.291.361.301.20
Inventory Turnover Ratio (X)2.300.000.000.000.00
Dividend Payout Ratio (NP) (%)0.0014.4414.868.7320.83
Dividend Payout Ratio (CP) (%)0.005.095.194.096.51
Earning Retention Ratio (%)0.0085.5685.1491.2779.17
Cash Earning Retention Ratio (%)0.0094.9194.8195.9193.49
Interest Coverage Ratio (X)2.200.541.012.701.68
Interest Coverage Ratio (Post Tax) (X)1.03-0.35-0.032.060.78
Enterprise Value (Cr.)1678.901262.471616.671387.61838.27
EV / Net Operating Revenue (X)2.582.032.782.641.74
EV / EBITDA (X)23.2761.3348.6413.6110.91
MarketCap / Net Operating Revenue (X)2.311.622.252.161.24
Retention Ratios (%)0.0085.5585.1391.2679.16
Price / BV (X)1.571.071.000.710.38
Price / Net Operating Revenue (X)2.311.622.252.161.24
EarningsYield0.010.010.010.020.02

India Power Corporation Ltd Profitability Ratios (%)

India Power Corporation Ltd Liquidity Ratios

India Power Corporation Ltd Liquidity Ratios (%)

India Power Corporation Ltd Interest Coverage Ratios (%)

India Power Corporation Ltd Valuation Ratios

Fair Value

Fair Value: 20.41

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.

Undervalued: 1.03% compared to the current price 20.2

Intrinsic Value: 19.63

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: 2.82% compared to the current price 20.2

Last 5 Year EPS CAGR: -3.81%

*Investments are subject to market risks

Strength and Weakness of India Power Corporation Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.31 and average Dividend Yield of 5.81%.
  2. The company has higher reserves (1,081.00 cr) compared to borrowings (421.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (561.54 cr) and profit (32.15 cr) over the years.
  1. The stock has a low average ROCE of 4.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 94.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 49.50, which may not be favorable.

FAQ

What is the latest fair value of India Power Corporation Ltd?

The latest fair value of India Power Corporation Ltd is ₹20.41.

What is the Market Cap of India Power Corporation Ltd?

The Market Cap of India Power Corporation Ltd is 1,972 Cr..

What is the current Stock Price of India Power Corporation Ltd as on 21 July 2024?

The current stock price of India Power Corporation Ltd as on 21 July 2024 is 20.2.

What is the High / Low of India Power Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of India Power Corporation Ltd stocks is 28.0/11.8.

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

The Stock P/E of India Power Corporation Ltd is 131.

What is the Book Value of India Power Corporation Ltd?

The Book Value of India Power Corporation Ltd is 10.5.

What is the Dividend Yield of India Power Corporation Ltd?

The Dividend Yield of India Power Corporation Ltd is 0.25 %.

What is the ROCE of India Power Corporation Ltd?

The ROCE of India Power Corporation Ltd is 4.16 %.

What is the ROE of India Power Corporation Ltd?

The ROE of India Power Corporation Ltd is 1.48 %.

What is the Face Value of India Power Corporation Ltd?

The Face Value of India Power Corporation Ltd is 1.00.

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 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