Energy Development Company Ltd - Stock Valuation and Financial Performance

BSE: 532219 | NSE: ENERGYDEV | Power Generation/Distribution | Small Cap

Energy Development Share Price

22.04 0.84 3.96%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Energy Development

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Energy Development Company stock performance -

mw4me loader
P/E Ratio (SA):
160.86
Market Cap:
105 Cr.
52-wk low:
13.7
52-wk high:
36.7

Is Energy Development Company Ltd an attractive stock to invest in?

1. Is Energy Development Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Energy Development Company Ltd is a below average quality company.

2. Is Energy Development Company Ltd undervalued or overvalued?

The key valuation ratios of Energy Development Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Energy Development Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Energy Development Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Energy Development:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Energy Development Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.4%3.7%1.7%0.8%1.6%-3.3%-0.8%0.7%2.7%1.3%-
Value Creation
Index
-0.8-0.7-0.9-1.0-0.9-1.2-1.1-1.0-0.8-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 38.821.813410340.213.310.811.412.912.813
Sales YoY Gr.--43.9%514.7%-22.8%-61%-66.8%-19.3%5.6%13.8%-0.9%-
Adj EPS 0.20.40.4-0.10.2-1.7-0.6-0.10.70.20.1
YoY Gr.-81%-7.9%-117.1%NA-886.4%NANANA-77.3%-
BVPS (₹) 48.948.737.237.637.33533.833.734.434.534.7
Adj Net
Profit
0.611.7-0.31-8.2-2.9-0.43.10.71
Cash Flow from Ops. 25.85.84.10.53.2-6.3-0.90.32.5-1.6-
Debt/CF from Ops. 2.80.82.2355.6-2.8-21.170.48.3-15.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -11.6%-20.4%6%-0.9%
Adj EPS -3.7%-7.4%NA-77.3%
BVPS-3.8%-1.5%0.7%0.4%
Share Price 3.3% 26.4% 34% 54.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.40.81.1-0.20.6-4.8-1.8-0.31.90.40.4
Op. Profit
Mgn %
1320.35.11.45.6-73.4-15.710.134.735.141.5
Net Profit
Mgn %
1.54.81.3-0.32.6-61.8-27.1-3.524.15.55.2
Debt to
Equity
0.500.10.10.10.10.10.10.10.2-
Working Cap
Days
7278051564041,2693,6614,4374,3323,9714,223586
Cash Conv.
Cycle
89491939108383806656323403154

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.40%

Sales growth has been subdued in last 3 years 5.98%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -21.16%

Latest Financials - Energy Development Company Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 0.9
TTM Sales (₹ Cr.) 12.8 37.4
BVPS (₹.) 34.7 22.4
Reserves (₹ Cr.) 117 59
P/BV 0.64 0.99
PE 160.86 24.91
From the Market
52 Week Low / High (₹) 13.65 / 36.69
All Time Low / High (₹) 3.35 / 354.00
Market Cap (₹ Cr.) 105
Equity (₹ Cr.) 47.5
Face Value (₹) 10
Industry PE 20.5

Management X-Ray of Energy Development:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Energy Development

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3922134103401311111313
Operating Expenses 34171271023823131098
Manufacturing Costs179118902723323
Material Costs2010001000
Employee Cost 5333454422
Other Costs 96587175454
Operating Profit 54712-10-2144
Operating Profit Margin (%) 12.9%20.3%5.0%1.2%5.2%-74.8%-17.2%8.9%33.4%34.6%
Other Income 9904564441
Interest 9822332233
Depreciation 5433333333
Exceptional Items 0005000000
Profit Before Tax 11252-10-3031
Tax -20120-20000
Profit After Tax 21231-8-3031
PAT Margin (%) 5.7%6.3%1.2%3.3%3.4%-58.8%-27.9%-4.4%23.1%5.1%
Adjusted EPS (₹)0.80.50.30.70.3-1.7-0.6-0.10.60.1
Dividend Payout Ratio (%)62%100%147%70%171%-30%-79%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 135134177179177167161160163164
Share Capital 28284848484848484848
Reserves 107107129131130119113113116117
Minority Interest0000000000
Debt715917181818212124
Long Term Debt660371016172000
Short Term Debt5561071112124
Trade Payables962430201213141416
Others Liabilities 1274265485154555656
Total Liabilities 227151252291263247245250254260

Fixed Assets

Gross Block96959545454545454545
Accumulated Depreciation43475136911141719
Net Fixed Assets53484542393633312826
CWIP 0000000000
Investments 1017111599837979797979
Inventories2311111111
Trade Receivables1293344373535363840
Cash Equivalents 6467421132
Others Assets52175197999496102105113
Total Assets 227151252291263247245250254260

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 266403-6-103-2
PBT 11252-10-3031
Adjustment 965-15131224
Changes in Working Capital 19-1-1-4-2-91-1-2-6
Tax Paid -3-1-20-1-10000
Cash Flow From Investing Activity -2675-48-4-1102-31-2
Capex 3000000000
Net Investments -3230151262000-2
Others 344-62-16-782-310
Cash Flow From Financing Activity -1-81463-3-4-12-12
Net Proceeds from Shares 00440000000
Net Proceeds from Borrowing 0000460000
Interest Paid -8-13-1-2-2-1-1000
Dividend Paid -2-1-1-2-2-2-2000
Others 9-6747-3-623-12
Net Cash Flow -102-1-10002-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.641.031.041.920.78-4.57-1.84-0.311.850.4
ROCE (%)4.715.282.424.022.36-3.74-0.31.093.051.65
Asset Turnover Ratio0.170.120.660.380.150.050.040.050.050.05
PAT to CFO Conversion(x)136203N/AN/ANAN1-2
Working Capital Days
Receivable Days179179581373689841,1901,1381,0381,107
Inventory Days334265113737221715
Payable Days1,76604,7570006,482000

Energy Development Company Ltd Stock News

Energy Development Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Energy Development on 28-Mar-2024 16:01 is ₹22.04.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Energy Development stood at ₹105.0.
The latest P/E ratio of Energy Development as of 28-Mar-2024 16:01 is 160.9.
The latest P/B ratio of Energy Development as of 28-Mar-2024 16:01 is 0.64.
The 52-week high of Energy Development is ₹36.69 and the 52-week low is ₹13.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Energy Development is ₹12.82 ( Cr.) .

About Energy Development Company Ltd

Energy Development Company was incorporated in 1995 in Karnataka. It has two plants located at Karnataka and Kerala.

The registered office of the company is located at Harangi Hydroelectric Project, Village-Hulugunda, Taluka - Somawarpet, Kodagu Distrist, Karnataka-571233.

Business area of the company:

The company’s principal activity is to generate hydroelectricity in India. It operates through two segments i.e., contract division and sale of electricity.

Products of the company:

  • Hydel power and wind power
  • Electrical materials
  • Consultancy services

Awards

2011 - EDC wins Global Client  Leadership Award from International Finance Corporation.

- The Company has formed a 100% subsidiary Company in the name of "EDCL (EUROPE) LIMITED" in the state of United Kingdom for trading & consultancy business.

- The Company has entered into a contract with Uttarakhand Jal Vidhyut Nigam Limited for Engineering, Procurement and Construction of 2 X 135 MW Limchangad Hydra Electric Project.
 
2014
- EDC publications received Anvil Awards of Excellence

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