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Last Updated on: 24 February, 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

Jaiprakash Power Ventures Ltd. Share Price Update

Share PriceValue
Today₹23.24
Previous Day₹22.63

Basic Stock Data of Jaiprakash Power Ventures Ltd

Market Cap 13,330 Cr.
Current Price 19.4
High / Low24.0/5.15
Stock P/E27.3
Book Value 15.6
Dividend Yield0.00 %
ROCE5.16 %
ROE0.57 %
Face Value 10.0

Data Source: screener.in

Competitors of Jaiprakash Power Ventures Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
PTC India Ltd 5,840 Cr. 197255/84.011.5 1723.95 %9.21 %9.03 % 10.0
NHPC Ltd 92,063 Cr. 91.6116/37.824.8 38.92.02 %8.49 %10.8 % 10.0
Reliance Power Ltd 9,757 Cr. 25.633.2/9.05 34.30.00 %3.42 %11.8 % 10.0
GVK Power & Infrastructure Ltd 2,006 Cr. 12.717.0/1.9823.5 6.140.00 %14.1 %% 1.00
India Power Corporation Ltd 2,225 Cr. 22.828.0/9.10153 10.40.22 %3.77 %1.14 % 1.00
Industry Average22 Cr69.9442.5652.351.24%7.8%6.55%6.4

Jaiprakash Power Ventures Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales7799889579159021,4011,4061,8201,3851,2011,3801,7081,350
Expenses4356646826596841,0371,1321,1921,1301,1911,1531,186939
Operating Profit34432427525621836527562825610227521411
OPM %44%33%29%28%24%26%20%35%18%1%16%31%30%
Other Income6623611475112691165-17-70
Interest152154140141137136143150138135137119117
Depreciation134134119120121121119116117117115115116
Profit before tax654225176158139372117-238-26294108
Tax %25%120%14%39%124%33%102%35%36%8%-69%35%36%
Net Profit48-92154-1107-224275-218-4419269
EPS in Rs0.07-0.020.310.01-0.000.16-0.000.350.11-0.32-0.060.280.10

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:3%
3 Years:21%
TTM:14%
Compounded Profit Growth
10 Years:-16%
5 Years:15%
3 Years:27%
TTM:402%
Stock Price CAGR
10 Years:4%
5 Years:67%
3 Years:93%
1 Year:184%
Return on Equity
10 Years:-5%
5 Years:-4%
3 Years:1%
Last Year:1%

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 Capital-0-0-0-0-0-0-0-033302826
Borrowings17,41723,01527,50332,06525,07623,99423,41623,1945,9915,2055,0504,7354,407
Other Liabilities2,6303,6684,3804,0863,5834,4545,9076,6901,8551,5061,9072,1272,266
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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters26.07%26.02%26.02%26.02%26.02%24.00%24.00%24.00%24.00%24.00%24.00%24.00%
FIIs0.46%0.63%0.53%0.90%1.02%1.20%2.83%3.38%3.67%4.97%4.70%4.65%
DIIs36.26%34.68%32.34%28.72%23.28%23.12%23.12%22.18%22.15%22.19%22.15%21.62%
Public37.21%38.67%41.11%44.36%49.69%51.68%50.05%50.44%50.18%48.85%49.15%49.74%
No. of Shareholders3,37,7063,72,2445,31,8296,59,7089,96,47615,48,55115,46,87214,96,28414,85,08614,63,79214,57,88715,47,915

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 Fund52342231.26.86
Groww Nifty Total Market Index Fund137700.040.02

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 / Intrinsic Value of Jaiprakash Power Ventures Ltd

Fair Value: ₹2.48

The stock is overvalued by 87.24% compared to the current price ₹19.4

*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 various financial indicators, investors might exercise caution regarding 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: 8.65%)
      • 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. 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.
    4. 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.
    5. ✓ Stock P/E: 29.2 (Industry average Stock P/E: 45.26)
      • 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.
    6. ✓ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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