MoneyWorks4Me

India Power Corporation Ltd (DPSCLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: DPSCLTD Power Generation/Distribution | Small Cap | India Power Corpn. Share Price

BSE Share Price
Not Listed

India Power Corporation Ltd (DPSCLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: DPSCLTD Power Generation/Distribution | Small Cap | India Power Corpn. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹672 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0.1
TTM Sales
₹683 Cr.
Book Value per Share
₹3.2
P/E Ratio
52.44
Lower than its 5-year historical median
Industry PE
25.3
Price to Book (P/B)
2.15
Higher than its 5-year historical median
Price to Sales (P/S)
0.98
Lower than its 5-year historical median
EV/EBITDA
38.16
Higher than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
0.79%
Underperforms industry median
Return on Capital Employed (ROCE)
3.17%
Underperforms industry median
Return on Assets (ROA)
0.36%
Operating Profit Margin
0.4%
Net Profit Margin
1.13%
Gross Profit Margin
2.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.32%
Operating Profit Growth (1 Year)
-
-265.99%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-59.08%
Asset Quality
Promoter Holding
59.15%
Pledged shares (%) of Promoter's holding (%)
67.63%
Reserves
₹215 Cr.
Equity
₹97.4 Cr.
Face Value
₹1
All Time Low / High
₹0.00 / 0.00

India Power Corporation stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is India Power Corporation Ltd a good quality company?
India Power Corporation Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does India Power Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of India Power Corporation Ltd vs industry peers?
India Power Corporation Ltd revenue CAGR is 5.22%, compared to the industry median CAGR of 3.92%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of India Power Corporation Ltd?
Promoters hold 59.15% of the India Power Corporation Ltd, with 67.63% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of India Power Corporation Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -15.27% based on the current price.

10 Year X-Ray :

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.
India Power Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ4.9%6.6%6.4%6.2%4.3%3.4%4%5.3%5%2.9%-
Value Creation
Index ⓘ
-0.7-0.5-0.5-0.6-0.7-0.8-0.7-0.6-0.6-0.8-

Growth Parameters ⓘ

Sales ⓘ562450481523481500560599627600647
Sales YoY Gr.--20%6.9%8.8%-8.1%3.9%12.1%7%4.6%-4.3%-
Adj EPS ⓘ0.30.10.20.2-00.4-0.3-0.300.4-2.4
YoY Gr.--78.1%200%-23.8%-106.3%NA-167.6%NANA775%-
BVPS (₹) ⓘ10.510.911.111.316.111.79.15.49.98.46.1
Adj Net
Profit ⓘ
31.46.820.815.1-0.935.9-24.5-32.73.833.9-230
Cash Flow from Ops. ⓘ25.213663.313993.832.7-2.469.699.883-
Debt/CF from Ops. ⓘ33.84.310.22.43.78.9-136.442.11.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ0.7%4.5%2.3%-4.3%
Adj EPS ⓘ1%NANA775%
BVPSⓘ-2.4%-12.1%-2.5%-14.5%
Share Price - -15.5% -27.1% -43.8%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
30.61.81.3-0.12.2-1.6-2.70.43.6-32.6
Op. Profit
Mgn % ⓘ
11.11614.612.810.816.61.7-1.26.3-0.66.2
Net Profit
Mgn % ⓘ
5.61.54.32.9-0.27.2-4.4-5.50.65.7-35.5
Debt to
Equity ⓘ
0.80.60.60.30.20.30.40.50.20.20.2
Working Cap
Days ⓘ
7731,0401,1231,0481,0611,041874715643584107
Cash Conv.
Cycle ⓘ
13-2014-4-25-7-31-70-60-42

Valuation of India Power Corpn. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *67.2667.2667.2667.2667.2667.3967.4267.4267.4267.63
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7208331,014605481525582623650620
Operating Expenses ⓘ + 645788911545431442573629607691
Manufacturing Costs570660774463357371505557525518
Material Costs0000000000
Employee Cost 47537353494948495758
Other Costs ⓘ 287564292521202324116
Operating Profit ⓘ 764510360508410-643-71
Operating Profit Margin (%) 10.5%5.4%10.2%10.0%10.4%16.0%1.7%-1.0%6.6%-11.4%
Other Income ⓘ + 4140213772718242729111
Exceptional Items ⓘ 032237124-1350681631
Interest ⓘ 5014322397463833383327
Depreciation ⓘ 19589817293029293336
Profit Before Tax ⓘ 47206332425202121229
Tax ⓘ 92314712-66552
Profit After Tax 38183191714261516177
PAT Margin (%) 5.2%21.9%1.9%2.9%2.8%5.0%2.6%2.5%2.6%1.1%
Adjusted EPS (₹)0.41.80.20.20.10.30.20.20.20.1
Dividend Payout Ratio (%)14.40%2.80%24.50%30%36.80%18.60%31.70%30.80%28.30%69.30%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,0224,9444,9661,0991,5571,5801,308945956819
Share Capital ⓘ 97.3897.3897.3897.3897.3897.3897.3897.3897.3897.38
Reserves ⓘ 9244,8474,8691,0021,4601,4821,211848859722
Debt +2,4603,5403,426414295269293254188142
Long Term Debt2,2713,3173,089291127164216205159123
Short Term Debt18922333712216810476502918
Minority Interest2052012010000000
Trade Payables912502522009986103214244199
Others Liabilities ⓘ 6048901,140521614573594606671662
Total Liabilities ⓘ 4,3829,8259,9852,2342,5662,5072,2982,0202,0591,822

Fixed Assets

Net Fixed Assets ⓘ +4241,9561,897399902950907897882969
Gross Block4442,1542,1964701,0021,0721,0501,0681,0691,191
Accumulated Depreciation2019829971100122142171187222
CWIP ⓘ 2,3984,2115,12168842221151410
Investments ⓘ 71,38737910610010099331
Inventories1584741078810914
Trade Receivables132208246209656784106136136
Cash Equivalents 5218112724561516253141
Others Assets ⓘ 1,3541,7992,1401,4181,3521,3451,164963984652
Total Assets ⓘ 4,3829,8259,9852,2342,5662,5072,2982,0202,0591,822
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 491081052159233-5688579
PBT ⓘ 47205342325202121229
Adjustment ⓘ 55-135982540321323535
Changes in Working Capital ⓘ -4540-2417230-16-22163037
Tax Paid ⓘ -8-2-3-6-3-4-5-0-2-2
Cash Flow From Investing Activity ⓘ + -701-1,068-110243-1310-11-1-18-2
Capex -690-292-906-57-26-14-126-9-13
Net Investments -11-1,05072129610-20-8-102
Others ⓘ 12747553261109
Cash Flow From Financing Activity ⓘ + 640-461-30-469-40-8415-64-72-73
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 859-229-15-236-471271-15-34-50
Interest Paid ⓘ -280-201-115-92-34-30-25-20-15-10
Dividend Paid ⓘ -2-2-2-3-3-2-2-2-2-2
Others ⓘ 62-30102-13744-64-28-26-21-11
Net Cash Flow ⓘ -12-1,421-35-1139-42-14-54
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.786.120.390.571.031.951.532.262.330.79
ROCE (%)3.745.652.912.313.963.383.965.545.263.17
Asset Turnover Ratio0.230.120.10.10.20.210.240.290.320.32
PAT to CFO Conversion(x)1.290.595.5312.656.571.27-0.334.25511.29
Working Capital Days
Receivable Days58.5074.4081.60137.2010445.7047.2055.8068.1080.10
Inventory Days9.1021.7028.4025.306.405.5055.205.306.60
Payable Days0000000000

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

India Power Corporation Ltd FAQs

The current trading price of India Power Corpn. on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of India Power Corpn. stood at ₹671.9 Cr

The latest P/E ratio of India Power Corpn. as of 31-Dec-1969 is 0.00.

The latest P/B ratio of India Power Corpn. as of 31-Dec-1969 is 1.14.

The 52-week high of India Power Corpn. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Power Corpn. is ₹647 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that India Power Corporation Ltd is a below average quality company.

The key valuation ratios of India Power Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of India Power Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About India Power Corporation Ltd

DPSC Limited (DPSCL) and Associated Power Co. Ltd.,(APC) were incorporated in the year 1919 primarily to supply power to the Bengal Coal Company Ltd, then the largest producer of Coal in Asia, and also to the railways, industries and townships in the Asansol - Raniganj areas.

Coal companies used to maintain and operate captive generating plants for supply of electric energy to their respective coal mines.Accordingly, DPSC Limited and APC were issued licences for the purpose of generation and distribution of electric energy in the year 1932 ,1934 respectively.Since then, they have been operating Power Stations located at Dishergarh,Seebpore and added new plants and equipment to meet the growing demand of electricity. In subsequent years they were converted into Public Limited Companies. APC became a wholly owned subsidiary of DPSC Limited and later merged with the DPSC Limited in the year 1977.

The licensed area of the two companies was 618 sq.km. They were serving the consumers with high tension distribution mains mostly comprising of 11 KV. overhead lines and having approximate circuit lengths of 395 km. New lines were being added every year for rendering increased stability of supply.

With the enactment of DVC Act, 1948, the power companies were debarred from extending their generating capacity and agreement for bulk supply from Damodar Valley Corporation were made in the year 1951 for supply of power to four Receiving Stations.

In 1951, the two companies extended their service considerably and in 1962, agreements made for bulk supply of power from West Bengal State Electricity Board (WBSEB) by both companies to overcome the acute shortage of power in the eastern region.

In the post-independence period, the policy of the government was to develop power in the government sector. This restricted the growth of the company, in spite of this , the company maintained its reputation for the quality of its service and continued to operate efficiently by extending its services in the Asansol - Raniganj industrial belt, to Coal Mines, Paper Mills, the Railways, Hospitals, Television Stations, Water Pumping Stations, Technical Institutions, and a host of large, medium, and small industries who, irrespective of there size, get the same level of service backed by zeal, integrity and commitment way beyond the call of duty.

DPSC is pervaded by a unique culture comprising 3 Ds - Discipline, Dedication and Devotion. Over the decade, this culture has permeated all levels of the Organisation.

APC became a wholly owned subsidiary of DPSC Limited and later merged with the DPSC Limited in the year 1977.

The Bihar government passed an ordinance in 1975, wherein a licensed area of 58-sq. km. was swept away rendering the balanced area of 618 sq.kms that spread over Andal to Barakar in Asansol - Raniganj coal Belt in W.B. -Licensed Operating Voltage 11KV, 3.3 KV, 550 V. The total overhead circuit km 33/11/3.3/0.550/0.440kv is approximately 800km an underground cable is approximately 200km.

Milestones achieved

  • 1919- DPSC Limited Incorporated.
  • 1932- DPSC Limited got license for generation and distribution of electric energy.
  • 1948- Enactment of DVC Act, 1948.
  • 1949- Established its Central Office at Sanctoria - Asansol.
  • 1951- DPSC Limited entered into agreements with DVC for Bulk Supply of Power to meet the growing demands of power of consumers and became the first consumer of DVC.
  • 1962 - Agreements with WBSEB for bulk supply of Power.
  • 1965 -DPSC Limited commissioned One 5 MW Turbo - Alternator & a Boiler.
  • 1975 -Bihar govt passed an ordinance, wherein a licensed area of 58-sq. km. swept away rendering the balanced area of 618 sq.kms.
  • 1995 -The prestigious ' ET 500 ' ranks DPSC Limited as best private power company in the country & 89th amongst the TOP 500 BEST PERFORMING COMPANIES in India

Awards/ Achievements

For DPSC Limited, 1995 has been an outstanding year with the prestigious “ET 500' published by the Economic Times ranking DPSC Limited as the top performer among India's power supply and distribution.”

Future plans

Some of the future plans of the company includes continuous ongoing modernisation through addition of generating capacity, augmenting distribution network, cutting transmission losses and enhancing reliability.Setting up of 132/33 kV Substation for interconnection with DVC and regional grid, Conversion & Augmentation of 11 kV transmission line system to 33 kV, Installation of 2 X 250 MW Thermal Power Plant at the existing plant at Dishergarh, Construction of 33/11 kV substation at Feeder Raod and Ikra at Dishergarh, Building, operating and maintaining power plants and distribution network in new areas.

You have 48 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now