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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Power Finance Corporation Ltd (PFC)

About the Company - Power Finance Corporation Ltd (PFC)

Power Finance Corporation Ltd. is a Public Limited Listed company incorporated on 16/07/1986 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65910DL1986GOI024862 and registration number is 024862. Currently Company is involved in the business activities of Other credit granting. Company’s Total Operating Revenue is Rs. 38545.40 Cr. and Equity Capital is Rs. 2640.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Term Lending Institutions'Urjanidhi', 1, Barakhamba Lane, New Delhi Delhi 110001investorsgrievance@pfcindia.com
http://www.pfcindia.com
Management
NamePosition Held
Mrs. Parminder ChopraChairman & Managing Director
Mr. Rajiv Ranjan JhaDirector - Projects
Mr. Manoj SharmaDirector - Commercial
Mr. Bhaskar BhattacharyaIndependent Director
Mrs. Usha Sajeev NairIndependent Director
Mr. Prasanna TantriIndependent Director
Mr. Ajay TewariGovernment Nominee Director

Power Finance Corporation Ltd. Share Price Update

Share PriceValue
Today₹428.85
Previous Day₹468.45

Basic Stock Data of Power Finance Corporation Ltd (PFC)

Market Cap 1,36,261 Cr.
Current Price 413
High / Low478/112
Stock P/E7.24
Book Value 283
Dividend Yield2.57 %
ROCE9.08 %
ROE20.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Power Finance Corporation Ltd (PFC)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IFCI Ltd 11,664 Cr. 46.871.8/9.00 15.10.00 %5.38 %3.78 % 10.0
Tourism Finance Corporation of India Ltd 2,330 Cr. 258268/66.824.4 1050.93 %9.46 %8.99 % 10.0
Industry Average6,997.00 Cr152.4012.2060.050.47%7.42%6.39%10.00

Power Finance Corporation Ltd (PFC) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue18,15818,43518,14918,96519,26819,17618,85318,53219,33619,63920,06120,99222,391
Interest11,24011,33011,24411,31311,23511,23510,92610,83711,41312,12912,63713,67014,313
Expenses1,6412,1351,9082,0891,7471,8872,4932,1841,316900-339-81-551
Financing Profit5,2774,9704,9975,5636,2866,0535,4355,5116,6086,6107,7637,4048,629
Financing Margin %29%27%28%29%33%32%29%30%34%34%39%35%39%
Other Income1871671538201282413913
Depreciation67779910121214141213
Profit before tax5,2894,9705,0065,5646,2916,0825,4465,5116,6046,6197,7627,4018,629
Tax %19%20%22%18%20%20%21%17%21%21%21%19%23%
Net Profit4,2903,9633,9064,5555,0234,8944,2964,5805,2295,2416,1295,9826,628
EPS in Rs9.858.778.8510.5511.3610.859.7110.3511.9211.7014.1713.8714.65
Gross NPA %6.21%5.48%5.29%5.25%5.17%5.02%5.02%4.38%3.66%3.54%3.40%
Net NPA %2.60%2.12%1.91%1.80%1.72%1.86%1.60%1.57%1.27%1.15%1.03%1.00%0.98%

Power Finance Corporation Ltd (PFC) Quarterly Chart

Power Finance Corporation Ltd (PFC) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue13,09217,31421,40724,98827,86127,58148,62454,10662,18971,65676,26277,56887,016
Interest8,59510,99513,05315,45616,65716,76830,28934,62740,84544,68444,70947,01755,447
Expenses3513317481,1032,0425,5386,5831,6967,3327,1028,2154,051-180
Financing Profit4,1465,9877,6078,4299,1625,27511,75217,78314,01219,87123,33826,50131,749
Financing Margin %32%35%36%34%33%19%24%33%23%28%31%34%36%
Other Income51223252530429410546794756
Depreciation6658204115152425355253
Profit before tax4,1465,9947,6248,4469,1675,26411,77917,86214,09319,89123,38226,49631,753
Tax %26%26%28%29%33%58%25%29%33%21%20%20%
Net Profit3,0594,4385,4626,0046,1842,2368,79712,6409,47715,71618,76821,17925,033
EPS in Rs9.2713.4516.5518.1918.746.7820.2730.0621.5835.6042.4748.1557.02
Dividend Payout %26%21%22%20%30%59%31%0%35%22%23%22%

Power Finance Corporation Ltd (PFC) Profit & Loss Yearly Chart

Power Finance Corporation Ltd (PFC) Growth

Compounded Sales Growth
10 Years:16%
5 Years:10%
3 Years:8%
TTM:14%
Compounded Profit Growth
10 Years:14%
5 Years:19%
3 Years:31%
TTM:30%
Stock Price CAGR
10 Years:21%
5 Years:37%
3 Years:62%
1 Year:262%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:21%
Last Year:20%

Power Finance Corporation Ltd (PFC) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,3201,3201,3201,3201,3202,6402,6402,6402,6402,6402,6402,6403,300
Reserves19,47322,36026,20231,09134,70834,20537,19444,48146,76058,12769,03681,51889,993
Borrowings110,126139,473159,215187,795200,660202,993441,151539,488596,561659,682660,476751,158814,065
Other Liabilities4,7636,1787,5828,70510,53119,70041,54642,26048,56055,25758,84860,79667,715
Total Liabilities135,682169,330194,320228,912247,220259,537522,531628,869694,521775,707791,000896,112975,072
Fixed Assets777572102198296161196238341719782781
CWIP001247105129199288336532215
Investments2727275282,2303,1455,4934,6044,4043,4993,7745,9736,923
Other Assets135,578169,229194,220228,280244,745255,990516,749623,871689,590771,530786,454889,334967,353
Total Assets135,682169,330194,320228,912247,220259,537522,531628,869694,521775,707791,000896,112975,072

Power Finance Corporation Ltd (PFC) Reserves and Borrowings Chart

Power Finance Corporation Ltd (PFC) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -27,031-25,102-22,473-21,455-13,2981,795-57,148-80,252-42,148-59,1434,904-74,699
Cash from Investing Activity -36229-491-1,973-6671,409-13,463-731,741-547-1,694
Cash from Financing Activity 26,67627,94717,67126,91610,3831,95052,01893,61643,39960,424-8,37175,518
Net Cash Flow-3902,868-4,7934,970-4,8883,079-3,720-981,1793,023-4,014-874

Power Finance Corporation Ltd (PFC) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %17%20%21%20%18%6%17%23%15%21%21%20%

Power Finance Corporation Ltd (PFC) Financial Efficiency Indicators Chart

Power Finance Corporation Ltd (PFC) Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%55.99%
FIIs17.37%17.32%17.35%17.88%16.71%16.76%16.21%16.82%16.85%16.49%17.49%16.85%
DIIs20.18%19.55%19.37%13.66%13.58%13.58%12.74%17.22%17.87%18.63%18.10%17.86%
Public6.45%7.14%7.28%12.47%13.72%13.66%15.05%9.95%9.26%8.89%8.42%9.29%
No. of Shareholders2,65,7943,08,6513,43,6903,21,5943,83,0464,17,3374,45,8344,60,8934,19,1224,29,3974,32,0845,33,375

Power Finance Corporation Ltd (PFC) Shareholding Pattern Chart

No. of Power Finance Corporation Ltd (PFC) Shareholders

Power Finance Corporation Ltd (PFC) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan493751612.421653.57
HDFC Mid-Cap Opportunities Fund - Regular Plan372370342.391247.07
Nippon India Growth Fund305001124.781021.45
HDFC Top 100 Fund - Regular Plan232531802.81778.75
Sundaram Mid Cap Fund122848974.43411.42
Sundaram Mid Cap Fund - Institutional Plan122848974.43411.42
DSP Flexi Cap Fund102892283.64344.59
Mirae Asset Large & Midcap Fund102615281.13343.66
DSP ELSS Tax Saver Fund102421362.72343.01
Mirae Asset Midcap Fund94956522.48318.01

Power Finance Corporation Ltd (PFC) ROCE Trend

Power Finance Corporation Ltd (PFC) EPS Trend

Power Finance Corporation Ltd (PFC) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)60.1953.0844.5026.9837.58
Diluted EPS (Rs.)60.1953.0844.5026.9837.58
Cash EPS (Rs.)80.4271.3159.6035.9147.77
Book Value[Excl.RevalReserv]/Share (Rs.)424.16364.67309.80250.62240.46
Book Value[Incl.RevalReserv]/Share (Rs.)424.16364.67309.80250.62240.46
Revenue From Operations / Share (Rs.)293.81288.86271.42235.56204.94
PBDIT / Share (Rs.)278.64258.13244.66208.10198.71
PBIT / Share (Rs.)278.45258.00244.57208.01198.65
PBT / Share (Rs.)100.3688.6575.3253.3067.49
Net Profit / Share (Rs.)80.2271.1759.5135.8247.71
NP After MI And SOA / Share (Rs.)60.1953.0844.5026.9837.58
PBDIT Margin (%)94.8389.3690.1488.3496.95
PBIT Margin (%)94.7789.3190.1088.3096.92
PBT Margin (%)34.1530.6827.7422.6232.93
Net Profit Margin (%)27.3024.6321.9215.2023.28
NP After MI And SOA Margin (%)20.4818.3716.3911.4518.33
Return on Networth / Equity (%)18.8819.5519.3314.4121.05
Return on Capital Employeed (%)65.0912.0911.1510.5011.00
Return On Assets (%)1.771.771.511.021.57
Long Term Debt / Equity (X)0.006.508.179.238.75
Total Debt / Equity (X)8.939.2110.8612.0811.45
Asset Turnover Ratio (%)0.060.060.060.060.06
Current Ratio (X)1.133.433.904.004.07
Quick Ratio (X)1.133.433.904.004.07
Dividend Payout Ratio (NP) (%)16.6124.0117.9735.2113.35
Dividend Payout Ratio (CP) (%)16.5623.9517.9335.0913.33
Earning Retention Ratio (%)83.3975.9982.0364.7986.65
Cash Earning Retention Ratio (%)83.4476.0582.0764.9186.67
Interest Coverage Ratio (X)1.561.521.451.351.51
Interest Coverage Ratio (Post Tax) (X)1.451.421.351.231.36
Enterprise Value (Cr.)814942.50708078.39702506.88633468.96571946.65
EV / Net Operating Revenue (X)10.519.289.8010.1910.57
EV / EBITDA (X)11.0810.3910.8811.5310.90
MarketCap / Net Operating Revenue (X)0.510.380.410.390.60
Retention Ratios (%)83.3875.9882.0264.7886.64
Price / BV (X)0.470.410.490.490.68
Price / Net Operating Revenue (X)0.510.380.410.390.60
EarningsYield0.390.470.390.290.30

Power Finance Corporation Ltd (PFC) Profitability Ratios (%)

Power Finance Corporation Ltd (PFC) Liquidity Ratios

Power Finance Corporation Ltd (PFC) Liquidity Ratios (%)

Power Finance Corporation Ltd (PFC) Interest Coverage Ratios (%)

Power Finance Corporation Ltd (PFC) Valuation Ratios

Fair Value / Intrinsic Value of Power Finance Corporation Ltd (PFC)

Fair Value: ₹428.72

The stock is undervalued by 3.81% compared to the current price ₹413

*Investments are subject to market risks

Strength and Weakness of Power Finance Corporation Ltd (PFC)

Unable to fetch valid data for stock valuation.

Should I Buy Power Finance Corporation Ltd (PFC) Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Power Finance Corporation Ltd (PFC):
    1. Net Profit Margin: 27.30%
      • 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: 65.09% (Industry Average ROCE: 7.42%)
      • 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): 1.45
      • 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: 1.13
      • 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: 7.17 (Industry average Stock P/E: 10.9)
      • 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: 8.93
      • 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 Power Finance Corporation Ltd (PFC). 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