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.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	Plot No. X 1, 2 & 3, Kolkata West Bengal 700091	corporate@indiapower.com http://www.indiapower.com

Management
Name	Position Held
Mr. Amit Kiran Deb	Chairman & Ind.Director
Mr. Raghav Raj Kanoria	Managing Director
Mr. Somesh Dasgupta	Whole Time Director
Mr. Debashis Bose	Executive Director
Mr. Jyoti Kumar Poddar	Non Executive Director
Mrs. Dipali Khanna	Independent Director
Mr. Anil Kumar Jha	Independent Director
Mr. Tantra Narayan Thakur	Independent Director

Basic Stock Data of India Power Corporation Ltd

Last Updated: July 26, 2024, 10:50 pm

Market Cap	2,126 Cr.
Current Price	21.8
High / Low	28.0/12.2
Stock P/E	141
Book Value	10.5
Dividend Yield	0.23 %
ROCE	4.16 %
ROE	1.48 %
Face Value	1.00
PEG Ratio	-37.02

Data Source: screener.in

Competitors of India Power Corporation Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
SJVN Ltd	58,241 Cr.	148	170/52.7	68.5	35.8	1.20 %	4.98 %	6.09 %	10.0
Rattanindia Power Ltd	9,054 Cr.	16.9	21.1/4.65		8.13	0.00 %	8.39 %	%	10.0
PTC India Ltd	6,646 Cr.	225	255/113	15.1	174	3.47 %	9.64 %	8.67 %	10.0
Orient Green Power Company Ltd	2,104 Cr.	21.5	34.6/11.8	72.3	8.04	0.00 %	6.97 %	4.44 %	10.0
NTPC Ltd	3,84,377 Cr.	396	400/200	18.5	166	1.83 %	10.4 %	13.5 %	10.0
Industry Average	82,752.44 Cr	345.66		56.96	101.28	0.79%	9.51%	12.61%	8.58

India Power Corporation Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	140.93	140.20	117.80	138.47	147.23	156.54	143.71	158.27	144.92	152.32	172.18	161.22	135.90
Expenses	122.10	126.68	110.82	125.03	155.00	165.05	156.53	160.63	142.06	151.10	157.60	154.78	123.77
Operating Profit	18.83	13.52	6.98	13.44	-7.77	-8.51	-12.82	-2.36	2.86	1.22	14.58	6.44	12.13
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 Income	3.89	6.27	12.98	4.70	25.68	36.15	34.58	23.70	17.84	20.54	7.55	15.02	9.67
Interest	9.14	7.79	8.68	8.86	9.01	6.43	10.23	9.16	8.73	9.75	9.31	8.32	7.76
Depreciation	7.55	7.05	7.12	7.20	7.21	7.13	7.22	7.24	7.22	7.36	8.33	8.12	8.48
Profit before tax	6.03	4.95	4.16	2.08	1.69	14.08	4.31	4.94	4.75	4.65	4.49	5.02	5.56
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 Profit	17.37	3.23	3.12	1.56	1.28	10.19	3.18	3.64	3.51	3.28	3.34	3.76	4.15
EPS in Rs	0.18	0.03	0.03	0.02	0.01	0.10	0.03	0.04	0.04	0.03	0.03	0.04	0.04

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

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	541	650	695	627	562	450	481	523	481	500	560	599	631
Expenses	509	587	603	533	477	355	392	450	429	430	551	610	606
Operating Profit	33	63	91	95	85	95	89	74	52	69	9	-11	25
OPM %	6%	10%	13%	15%	15%	21%	19%	14%	11%	14%	2%	-2%	4%
Other Income	2	9	3	2	18	42	40	45	51	19	74	96	61
Interest	11	19	35	45	41	58	78	74	46	38	33	38	36
Depreciation	6	11	15	15	18	18	17	16	29	30	29	29	31
Profit before tax	17	42	45	37	44	61	35	28	28	21	22	19	19
Tax %	32%	35%	35%	34%	27%	36%	38%	33%	41%	-29%	27%	27%
Net Profit	12	28	29	24	32	39	21	19	17	27	16	14	14
EPS in Rs	0.12	0.28	0.30	0.25	0.33	0.40	0.22	0.19	0.17	0.27	0.17	0.14	0.14
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:	0%
5 Years:	19%
3 Years:	11%
1 Year:	81%

Return on Equity
10 Years:	2%
5 Years:	1%
3 Years:	1%
Last Year:	1%

Last Updated: July 26, 2024, 6:24 am

India Power Corporation Ltd Balance Sheet

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

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	Sep 2023
Equity Capital	97	97	97	97	97	97	97	97	97	97	97	97	97
Reserves	29	879	847	933	983	1,022	1,044	1,066	1,527	1,551	1,280	916	920
Borrowings	155	238	392	538	853	589	645	338	342	299	328	282	231
Other Liabilities	228	292	377	308	308	366	372	412	606	561	602	729	804
Total Liabilities	510	1,506	1,713	1,877	2,241	2,075	2,158	1,913	2,573	2,508	2,307	2,024	2,053
Fixed Assets	154	305	308	385	367	343	341	348	902	950	907	897	881
CWIP	103	16	51	18	9	15	38	68	84	22	21	15	24
Investments	6	7	208	318	605	322	116	107	101	102	101	3	3
Other Assets	247	1,179	1,146	1,157	1,260	1,394	1,663	1,390	1,486	1,435	1,277	1,109	1,145
Total Assets	510	1,506	1,713	1,877	2,241	2,075	2,158	1,913	2,573	2,508	2,307	2,024	2,053

India Power Corporation Ltd Reserves and Borrowings Chart

India Power Corporation Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-4	152	36	25	136	63	139	94	33	-2	70	100
Cash from Investing Activity	-63	-257	-126	-245	307	-7	254	-19	9	-15	-1	-30
Cash from Financing Activity	54	110	92	222	-448	-54	-397	-36	-84	15	-64	-75
Net Cash Flow	-13	5	2	3	-5	2	-4	39	-42	-2	5	-5

India Power Corporation Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	40	48	45	60	48	42	36	49	45	54	62	65
Inventory Days
Days Payable
Cash Conversion Cycle	40	48	45	60	48	42	36	49	45	54	62	65
Working Capital Days	31	33	43	108	131	331	132	100	132	74	4	16
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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	59.49%	59.49%	59.49%	59.49%	59.49%	59.49%	59.49%	59.49%	59.49%	59.49%	59.49%	59.47%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.25%
DIIs	0.12%	0.12%	0.14%	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%	40.38%	40.38%	40.38%	40.38%	40.38%	40.37%	40.38%	40.16%
No. of Shareholders	9,743	11,179	25,546	31,841	33,524	34,117	34,447	34,523	34,661	41,049	59,233	92,956

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

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.11	0.10	0.10	0.17	0.08
Diluted EPS (Rs.)	0.11	0.10	0.10	0.23	0.08
Cash EPS (Rs.)	0.51	0.47	0.45	0.57	0.43
Book Value[Excl.RevalReserv]/Share (Rs.)	9.82	9.71	13.43	16.22	15.99
Book Value[Incl.RevalReserv]/Share (Rs.)	9.82	9.71	13.43	16.22	15.99
Revenue From Operations / Share (Rs.)	6.67	6.40	5.98	5.40	4.94
PBDIT / Share (Rs.)	0.74	0.21	0.34	1.05	0.78
PBIT / Share (Rs.)	0.39	-0.08	0.04	0.74	0.48
PBT / Share (Rs.)	0.22	0.22	0.21	0.21	0.26
Net Profit / Share (Rs.)	0.17	0.17	0.15	0.27	0.14
NP After MI And SOA / Share (Rs.)	0.17	0.16	0.15	0.26	0.13
PBDIT Margin (%)	11.10	3.30	5.70	19.40	15.96
PBIT Margin (%)	5.95	-1.35	0.78	13.75	9.91
PBT Margin (%)	3.34	3.54	3.66	3.98	5.33
Net Profit Margin (%)	2.58	2.73	2.65	5.09	2.84
NP After MI And SOA Margin (%)	2.64	2.54	2.64	4.98	2.75
Return on Networth / Equity (%)	1.79	1.67	1.17	1.65	0.85
Return on Capital Employeed (%)	2.74	-0.59	0.25	3.52	2.35
Return On Assets (%)	0.83	0.78	0.66	1.04	0.51
Long Term Debt / Equity (X)	0.16	0.21	0.16	0.10	0.08
Total Debt / Equity (X)	0.22	0.29	0.24	0.16	0.18
Asset Turnover Ratio (%)	0.31	0.27	0.23	0.19	0.20
Current Ratio (X)	1.38	1.31	1.38	1.32	1.21
Quick Ratio (X)	1.36	1.29	1.36	1.30	1.20
Inventory Turnover Ratio (X)	2.30	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	0.00	14.44	14.86	8.73	20.83
Dividend Payout Ratio (CP) (%)	0.00	5.09	5.19	4.09	6.51
Earning Retention Ratio (%)	0.00	85.56	85.14	91.27	79.17
Cash Earning Retention Ratio (%)	0.00	94.91	94.81	95.91	93.49
Interest Coverage Ratio (X)	2.20	0.54	1.01	2.70	1.68
Interest Coverage Ratio (Post Tax) (X)	1.03	-0.35	-0.03	2.06	0.78
Enterprise Value (Cr.)	1678.90	1262.47	1616.67	1387.61	838.27
EV / Net Operating Revenue (X)	2.58	2.03	2.78	2.64	1.74
EV / EBITDA (X)	23.27	61.33	48.64	13.61	10.91
MarketCap / Net Operating Revenue (X)	2.31	1.62	2.25	2.16	1.24
Retention Ratios (%)	0.00	85.55	85.13	91.26	79.16
Price / BV (X)	1.57	1.07	1.00	0.71	0.38
Price / Net Operating Revenue (X)	2.31	1.62	2.25	2.16	1.24
EarningsYield	0.01	0.01	0.01	0.02	0.02

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: 21.96

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: 0.74% compared to the current price 21.8

Intrinsic Value: 21.13

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: 3.09% compared to the current price 21.8

Last 5 Year EPS CAGR: -3.81%

*Investments are subject to market risks

Strength and Weakness of India Power Corporation Ltd Stock

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 0.31 and average Dividend Yield of 5.81%. The company has higher reserves (1,081.00 cr) compared to borrowings (421.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (561.54 cr) and profit (32.15 cr) over the years.	The stock has a low average ROCE of 4.67%, which may not be favorable. The stock has a high average Working Capital Days of 94.58, which may not be favorable. 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 ₹21.96.

What is the Market Cap of India Power Corporation Ltd?

The Market Cap of India Power Corporation Ltd is 2,126 Cr..

What is the current Stock Price of India Power Corporation Ltd as on 27 July 2024?

The current stock price of India Power Corporation Ltd as on 27 July 2024 is 21.8.

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 28.0/12.2.

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

The Stock P/E of India Power Corporation Ltd is 141.

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 0.23 %.

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.