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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532627 | NSE: JPPOWER

Fundamental Analysis of Jaiprakash Power Ventures Ltd

About the Company - Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures Ltd. is a Public Limited Listed company incorporated on 21/12/1994 and has its registered office in the State of Himachal Pradesh, India. Company’s Corporate Identification Number(CIN) is L40101MP1994PLC042920 and registration number is 042920. Currently Company is involved in the business activities of Electric power generation by hydroelectric power plants. Company’s Total Operating Revenue is Rs. 4624.55 Cr. and Equity Capital is Rs. 6853.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionComplex of Jaypee Nigrie Super Thermal Power Plant, Nigrie, Tehsil Sarai, Singrauli Dist. Madhya Pradesh 486669jpvl.investor@jalindia.co.in
http://www.jppowerventures.com
Management
NamePosition Held
Mr. Manoj GaurChairman
Mr. Sunil Kumar SharmaVice Chairman
Mr. Suren JainManaging Director & CEO
Mr. Praveen Kumar SinghWhole Time Director
Mr. Sudhir MitalIndependent Director
Dr. Vandana R SinghIndependent Director
Mr. Anupam Lal DasIndependent Director
Mr. Pritesh VinayNon Executive Director
Mrs. Binata SenguptaIndependent Director
Dr. Dinesh Kumar LikhiIndependent Director
Mr. Rama RamanIndependent Director
Mr. Sonam BodhNominee Director

Basic Stock Data of Jaiprakash Power Ventures Ltd

Last Updated: May 30, 2024, 6:20 am

Market Cap 13,556 Cr.
Current Price 19.8
High / Low24.0/5.55
Stock P/E9.69
Book Value 16.7
Dividend Yield0.00 %
ROCE14.0 %
ROE12.8 %
Face Value 10.0
PEG Ratio0.27

Competitors of Jaiprakash Power Ventures Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliance Infrastructure Ltd 6,780 Cr. 171308/131 2420.00 %8.95 %0.67 % 10.0
Adani Green Energy Ltd 3,09,092 Cr. 1,9512,019/816188 50.10.00 %7.81 %22.8 % 10.0
Gujarat Industries Power Co Ltd 2,806 Cr. 186238/92.314.1 2192.02 %7.66 %6.15 % 10.0
NTPC Ltd 3,63,576 Cr. 375380/17217.5 1661.93 %10.4 %13.5 % 10.0
CESC Ltd 18,558 Cr. 140158/68.713.2 86.83.21 %11.4 %12.2 % 1.00
Industry Average140,162.40 Cr564.6046.56152.781.43%9.24%11.06%8.20

Jaiprakash Power Ventures Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9889579159021,4011,4061,8201,3851,2011,3801,7081,3502,190
Expenses6646826596841,0371,1321,1921,1301,1911,1531,1869391,613
Operating Profit32427525621836527562825610227521411577
OPM %33%29%28%24%26%20%35%18%1%16%31%30%26%
Other Income623611475112691165-17-70-56
Interest154140141137136143150138135137119117105
Depreciation134119120121121119116117117115115116117
Profit before tax4225176158139372117-238-26294108299
Tax %120%14%39%124%33%102%35%36%8%-69%35%36%42%
Net Profit-92154-1107-224275-218-4419269173
EPS in Rs-0.020.310.01-0.000.16-0.000.350.11-0.32-0.060.280.100.25

Last Updated: May 7, 2024, 6:50 pm

Jaiprakash Power Ventures Ltd Quarterly Chart

Jaiprakash Power Ventures Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6162,4592,8894,1404,1134,6584,8773,8923,2843,3024,6255,7875,639
Expenses1345008401,3611,5612,9443,3522,6232,3962,1443,5124,6664,470
Operating Profit1,4821,9582,0502,7792,5521,7131,5251,2688871,1571,1131,1211,169
OPM %92%80%71%67%62%37%31%33%27%35%24%19%21%
Other Income71382490758741219-1,074293235129-59
Interest8591,2131,5242,1892,4782,7772,6141,474652579556560508
Depreciation231376499518635771819528479480481464463
Profit before tax46240851162-485-1,748-1,867-515-1,318392310225138
Tax %13%12%8%-4%50%26%9%29%-63%28%65%75%
Net Profit40135847169-243-1,295-1,690-367-2,14728110755-2
EPS in Rs1.531.200.110.51-0.87-2.06-2.66-0.64-3.160.330.160.080.00
Dividend Payout %0%0%61%2%-115%0%0%0%0%0%0%0%

Jaiprakash Power Ventures Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-10.72%-86.87%259.57%-243.79%-432.92%-30.50%78.28%-485.01%113.09%-61.92%-48.60%
Change in YoY Net Profit Growth (%)0.00%-76.15%346.45%-503.36%-189.13%402.42%108.79%-563.30%598.10%-175.01%13.32%

Jaiprakash Power Ventures Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:27%
TTM:17%
Compounded Profit Growth
10 Years:46%
5 Years:40%
3 Years:98%
TTM:2267%
Stock Price CAGR
10 Years:-1%
5 Years:54%
3 Years:73%
1 Year:265%
Return on Equity
10 Years:-3%
5 Years:0%
3 Years:5%
Last Year:13%

Last Updated: May 23, 2024, 3:48 pm

Jaiprakash Power Ventures Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2,6252,9382,9382,9382,9385,9965,9965,9966,8406,8536,8536,8536,853
Reserves2,8343,5223,4073,4734,6763,3911,7831,3813,1583,4293,5363,5923,853
Preference Capital0000000033302826
Borrowings17,41723,01527,50332,06525,07623,99423,41623,1945,9915,1965,0504,7354,407
Other Liabilities2,6303,6684,3804,0863,5834,4545,9076,6901,8551,5151,9072,1272,266
Total Liabilities25,50633,14338,22842,56136,27337,83637,10237,26017,84416,99417,34717,30717,379
Fixed Assets9,86012,34113,52924,15623,53027,43731,09330,65015,25114,27213,80313,38513,204
CWIP9,56515,12419,63112,6968,0294,848561534477411395419398
Investments1,9861,9861,9861,9861,9861,9861,9861,98621112234191191
Other Assets4,0953,6923,0833,7242,7293,5653,4614,0902,0952,1992,9153,3123,585
Total Assets25,50633,14338,22842,56136,27337,83637,10237,26017,84416,99417,34717,30717,379

Jaiprakash Power Ventures Ltd Reserves and Borrowings Chart

Jaiprakash Power Ventures Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,5081,8722,2492,6762,8161,4131,7821,1781,028813845767
Cash from Investing Activity -6,049-7,021-5,059-4,8866,416-802-230-191-145280-113109
Cash from Financing Activity 3,2335,0143,0842,058-9,494-672-1,543-1,020-822-1,136-711-880
Net Cash Flow-1,309-135274-152-262-619-3361-4322-3

Jaiprakash Power Ventures Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9778376648807311145877374
Inventory Days
Days Payable
Cash Conversion Cycle9778376648807311145877374
Working Capital Days-532-411-590-514-301-295-430-621-59224467
ROCE %6%6%5%6%6%3%3%3%2%5%6%5%

Jaiprakash Power Ventures Ltd Financial Efficiency Indicators Chart

Jaiprakash Power Ventures Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters26.02%26.02%26.02%24.00%24.00%24.00%24.00%24.00%24.00%24.00%24.00%24.00%
FIIs0.53%0.90%1.02%1.20%2.83%3.38%3.67%4.97%4.70%4.65%5.14%6.06%
DIIs32.34%28.72%23.28%23.12%23.12%22.18%22.15%22.19%22.15%21.62%20.46%18.46%
Public41.11%44.36%49.69%51.68%50.05%50.44%50.18%48.85%49.15%49.74%50.41%51.47%
No. of Shareholders5,31,8296,59,7089,96,47615,48,55115,46,87214,96,28414,85,08614,63,79214,57,88715,47,91517,62,61521,86,634

Jaiprakash Power Ventures Ltd Shareholding Pattern Chart

No. of Jaiprakash Power Ventures Ltd Shareholders

Jaiprakash Power Ventures Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund5,234,2231.26.86
Groww Nifty Total Market Index Fund13,7700.040.02

Jaiprakash Power Ventures Ltd ROCE Trend

Jaiprakash Power Ventures Ltd EPS Trend

Jaiprakash Power Ventures Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.050.100.25-3.01-0.64
Diluted EPS (Rs.)0.050.100.25-3.01-0.64
Cash EPS (Rs.)0.750.851.11-2.440.26
Book Value[Excl.RevalReserv]/Share (Rs.)9.699.619.459.2212.78
Book Value[Incl.RevalReserv]/Share (Rs.)9.699.619.459.2212.78
Revenue From Operations / Share (Rs.)8.446.754.824.806.49
PBDIT / Share (Rs.)1.831.971.871.392.40
PBIT / Share (Rs.)1.161.261.170.681.52
PBT / Share (Rs.)0.320.450.47-2.02-0.85
Net Profit / Share (Rs.)0.080.150.41-3.14-0.61
NP After MI And SOA / Share (Rs.)0.080.150.38-3.16-0.63
PBDIT Margin (%)21.7029.1438.9128.9337.05
PBIT Margin (%)13.6818.7324.3714.3423.48
PBT Margin (%)3.896.719.85-42.18-13.24
Net Profit Margin (%)0.952.328.52-65.39-9.44
NP After MI And SOA Margin (%)0.952.328.09-65.84-9.79
Return on Networth / Equity (%)0.831.634.12-34.91-5.16
Return on Capital Employeed (%)5.375.715.222.993.42
Return On Assets (%)0.320.611.57-12.11-1.02
Long Term Debt / Equity (X)0.600.670.730.832.41
Total Debt / Equity (X)0.710.770.800.922.64
Asset Turnover Ratio (%)0.330.260.180.110.12
Current Ratio (X)1.191.151.020.650.23
Quick Ratio (X)0.910.910.890.490.21
Inventory Turnover Ratio (X)0.000.010.030.000.78
Dividend Payout Ratio (NP) (%)0.000.000.000.00-3.17
Dividend Payout Ratio (CP) (%)0.000.000.000.008.22
Earning Retention Ratio (%)0.000.000.000.00103.17
Cash Earning Retention Ratio (%)0.000.000.000.0091.78
Interest Coverage Ratio (X)2.242.422.221.460.97
Interest Coverage Ratio (Post Tax) (X)1.111.191.20-0.540.72
Enterprise Value (Cr.)8371.029330.927158.785961.2920677.00
EV / Net Operating Revenue (X)1.452.022.171.825.31
EV / EBITDA (X)6.666.925.576.2714.34
MarketCap / Net Operating Revenue (X)0.651.010.680.130.28
Retention Ratios (%)0.000.000.000.00103.17
Price / BV (X)0.570.700.340.070.15
Price / Net Operating Revenue (X)0.651.010.680.130.28
EarningsYield0.010.020.11-4.86-0.34

Jaiprakash Power Ventures Ltd Profitability Ratios (%)

Jaiprakash Power Ventures Ltd Liquidity Ratios

Jaiprakash Power Ventures Ltd Liquidity Ratios (%)

Jaiprakash Power Ventures Ltd Interest Coverage Ratios (X)

Jaiprakash Power Ventures Ltd Valuation Ratios

Fair Value

Fair Value: ₹21.13

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: 6.71% compared to the current price ₹19.8

Intrinsic Value: ₹28.83

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.

Undervalued: 45.60% compared to the current price ₹19.8

Last 5 Year EPS CAGR: 36.45%

*Investments are subject to market risks

Strength and Weakness of Jaiprakash Power Ventures Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.16 and average Dividend Yield of 18.92%.
  2. The stock has a low average Working Capital Days of -301.67, which is a positive sign.
  3. The company has higher reserves (3,233.46 cr) compared to borrowings (9.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (3.46 cr) and profit (129.38 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 Cash Conversion Cycle of 72.42, which may not be favorable.

Should I Buy Jaiprakash Power Ventures Ltd Share Now?

  • 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 Jaiprakash Power Ventures Ltd:
    1. Net Profit Margin: 0.95%
      • 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: 5.37% (Industry Average ROCE: 9.24%)
      • 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%: 0.83% (Industry Average ROE: 11.06%)
      • 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): 1.11
      • 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: 0.91
      • 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: 9.69 (Industry average Stock P/E: 46.56)
      • 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: 0.71
      • 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:

FAQ

What is the latest fair value of Jaiprakash Power Ventures Ltd?

The latest fair value of Jaiprakash Power Ventures Ltd is ₹21.13.

What is the Market Cap of Jaiprakash Power Ventures Ltd?

The Market Cap of Jaiprakash Power Ventures Ltd is 13,556 Cr..

What is the current Stock Price of Jaiprakash Power Ventures Ltd as on 30 May 2024?

The current stock price of Jaiprakash Power Ventures Ltd as on 30 May 2024 is ₹19.8.

What is the High / Low of Jaiprakash Power Ventures Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jaiprakash Power Ventures Ltd stocks is 24.0/5.55.

What is the Stock P/E of Jaiprakash Power Ventures Ltd?

The Stock P/E of Jaiprakash Power Ventures Ltd is 9.69.

What is the Book Value of Jaiprakash Power Ventures Ltd?

The Book Value of Jaiprakash Power Ventures Ltd is 16.7.

What is the Dividend Yield of Jaiprakash Power Ventures Ltd?

The Dividend Yield of Jaiprakash Power Ventures Ltd is 0.00 %.

What is the ROCE of Jaiprakash Power Ventures Ltd?

The ROCE of Jaiprakash Power Ventures Ltd is 14.0 %.

What is the ROE of Jaiprakash Power Ventures Ltd?

The ROE of Jaiprakash Power Ventures Ltd is 12.8 %.

What is the Face Value of Jaiprakash Power Ventures Ltd?

The Face Value of Jaiprakash Power Ventures Ltd is 10.0.

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 Jaiprakash Power Ventures 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