Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: ₹0.08 (vs ₹0.072 in FY 2025) Full year 2026 results: EPS: ₹0.08 (up from ₹0.072 in FY 2025). Revenue: ₹6.99b (up 13% from FY 2025). Net income: ₹128.1m (up 82% from FY 2025). Profit margin: 1.8% (up from 1.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • May 14
India Power Corporation Limited to Report Q4, 2026 Results on May 20, 2026 India Power Corporation Limited announced that they will report Q4, 2026 results on May 20, 2026 Reported Earnings • Feb 17
Third quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.02 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.01 (down from ₹0.02 in 3Q 2025). Revenue: ₹1.60b (flat on 3Q 2025). Net income: ₹18.5m (down 30% from 3Q 2025). Profit margin: 1.2% (down from 1.7% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Jan 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.83b (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (₹8.83b market cap, or US$98.0m). Buy Or Sell Opportunity • Nov 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹10.64. The fair value is estimated to be ₹13.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.6%. Declared Dividend • Aug 28
Dividend of ₹0.05 announced Dividend of ₹0.05 is the same as last year. Ex-date: 12th September 2025 Payment date: 19th October 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.7%. Sustainability & Growth The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Announcement • Aug 27
India Power Corporation Limited announces Annual dividend, payable on October 19, 2025 India Power Corporation Limited announced Annual dividend of INR 0.0500 per share payable on October 19, 2025, ex-date on September 12, 2025 and record date on September 12, 2025. Announcement • Aug 14
India Power Corporation Limited, Annual General Meeting, Sep 19, 2025 India Power Corporation Limited, Annual General Meeting, Sep 19, 2025, at 11:30 Indian Standard Time. Reported Earnings • Jul 09
First quarter 2026 earnings released First quarter 2026 results: EPS: ₹0.02. Revenue: ₹1.68b (down 2.3% from 1Q 2025). Net income: ₹30.5m (down 1.6% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). New Risk • Jun 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹13.40, the stock trades at a trailing P/E ratio of 79.3x. Average trailing P/E is 33x in the Electric Utilities industry in India. Total returns to shareholders of 4.8% over the past three years. Buy Or Sell Opportunity • May 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ₹11.30. The fair value is estimated to be ₹14.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 3.0%. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹12.68, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 32x in the Electric Utilities industry in India. Total loss to shareholders of 7.0% over the past three years. Buy Or Sell Opportunity • Mar 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to ₹11.47. The fair value is estimated to be ₹14.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 3.0%. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.03 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.02 (down from ₹0.03 in 3Q 2024). Revenue: ₹1.59b (up 11% from 3Q 2024). Net income: ₹26.5m (down 34% from 3Q 2024). Profit margin: 1.7% (down from 2.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Dec 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.5% to ₹18.74. The fair value is estimated to be ₹15.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Nov 02
Now 20% overvalued Over the last 90 days, the stock has fallen 17% to ₹18.18. The fair value is estimated to be ₹15.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Sep 25
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹19.99. The fair value is estimated to be ₹15.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Aug 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₹19.08. The fair value is estimated to be ₹15.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Aug 27
India Power Corporation Limited, Annual General Meeting, Sep 27, 2024 India Power Corporation Limited, Annual General Meeting, Sep 27, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.02 in 1Q 2024) First quarter 2025 results: EPS: ₹0.02 (in line with 1Q 2024). Revenue: ₹1.80b (flat on 1Q 2024). Net income: ₹31.0m (up 13% from 1Q 2024). Profit margin: 1.7% (up from 1.5% in 1Q 2024). Buy Or Sell Opportunity • Jul 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ₹20.51. The fair value is estimated to be ₹16.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 24%. Announcement • May 31
India Power Corporation Limited Approves the Appointment of Anil Krishna Prasad as the Chief Financial Officer India Power Corporation Limited at its board meeting held on May 29, 2024, approved the appointment of Mr. Anil Krishna Prasad, (ACA 059406) as the Chief Financial Officer designated as Key Managerial Personnel of the Company with effect from May 29, 2024. Mr. Anil Krishna Prasad is a qualified Chartered Accountant having more than 25 years of experience. He has been associated with the Company since 2011 in different capacities and was prior to his promotion and appointment as Chief Financial Officer, he was designated as Associate Vice President - Finance & Accounts. His wide experience encompasses diverse areas of Finance and Accounts including Financial Planning & Analysis, Financial Accounting, Working Capital Management, Taxation, Compliance & Financial Reporting. New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Buy Or Sell Opportunity • Apr 01
Now 25% overvalued Over the last 90 days, the stock has fallen 16% to ₹16.15. The fair value is estimated to be ₹12.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 25%. Reported Earnings • Feb 13
Third quarter 2024 earnings released Third quarter 2024 results: EPS: ₹0.03. Revenue: ₹1.51b (up 1.4% from 3Q 2023). Net income: ₹39.8m (up 28% from 3Q 2023). Profit margin: 2.6% (up from 2.1% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Sep 01
India Power Corporation Limited, Annual General Meeting, Sep 22, 2023 India Power Corporation Limited, Annual General Meeting, Sep 22, 2023, at 11:30 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Reports of the Board of Directors and the Auditors thereon; to consider declare Dividend on the Equity Shares of the Company for the financial year ended 31st March, 2023; to consider appoint a Director in place of Mr. Jyoti Kumar Poddar who retires by rotation being eligible, seeks re-appointment; and to consider other matters. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.02 (vs ₹0.02 in 1Q 2023) First quarter 2024 results: EPS: ₹0.02 (in line with 1Q 2023). Revenue: ₹1.86b (up 25% from 1Q 2023). Net income: ₹27.5m (down 3.2% from 1Q 2023). Profit margin: 1.5% (down from 1.9% in 1Q 2023). The decrease in margin was driven by higher expenses. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Anil Jha was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 26
Full year 2023 earnings released Full year 2023 results: EPS: ₹0.10. Revenue: ₹6.50b (up 12% from FY 2022). Net income: ₹158.4m (up 2.9% from FY 2022). Profit margin: 2.4% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹1.49b (down 5.8% from 3Q 2022). Net income: ₹31.2m (up 138% from 3Q 2022). Profit margin: 2.1% (up from 0.8% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.02 (vs ₹0.01 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.02 (up from ₹0.01 in 2Q 2022). Revenue: ₹1.72b (up 18% from 2Q 2022). Net income: ₹35.5m (up 121% from 2Q 2022). Profit margin: 2.1% (up from 1.1% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹0.02 (vs ₹0.01 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.02 (up from ₹0.01 in 2Q 2022). Revenue: ₹1.72b (up 18% from 2Q 2022). Net income: ₹35.5m (up 121% from 2Q 2022). Profit margin: 2.1% (up from 1.1% in 2Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 01
Upcoming dividend of ₹0.05 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (3.8%). Announcement • Aug 27
India Power Corporation Limited, Annual General Meeting, Sep 17, 2022 India Power Corporation Limited, Annual General Meeting, Sep 17, 2022, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2022 together with the Reports of the Board of Directors and the Auditors thereon; to consider and declare Dividend on the Equity Shares of the Company for the financial year ended 31 March, 2022; to consider and appoint a Director in place of Mr. Somesh Dasgupta (holding DIN 01298835), who retires by rotation and being eligible, seeks re-appointment; and to consider any other matters. Reported Earnings • Aug 11
First quarter 2023 earnings released First quarter 2023 results: EPS: ₹0.02. Revenue: ₹1.55b (up 28% from 1Q 2022). Net income: ₹28.4m (down 4.7% from 1Q 2022). Profit margin: 1.8% (down from 2.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • May 30
Full year 2022 earnings released Full year 2022 results: Revenue: ₹5.82b (up 11% from FY 2021). Net income: ₹153.9m (down 41% from FY 2021). Profit margin: 2.6% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.01. Revenue: ₹1.58b (up 12% from 3Q 2021). Net income: ₹13.1m (down 92% from 3Q 2021). Profit margin: 0.8% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹22.05, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 22x in the Electric Utilities industry in India. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 31% share price gain to ₹20.00, the stock trades at a trailing P/E ratio of 72.2x. Average trailing P/E is 20x in the Electric Utilities industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS ₹0.02 The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹1.34b (up 48% from 1Q 2021). Net income: ₹29.8m (up 34% from 1Q 2021). Profit margin: 2.2% (down from 2.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Executive Departure • Jun 17
Non-Executive Independent Director Debi Patra has left the company On the 11th of June, Debi Patra was replaced as CEO by Sanjeev Seth after less than a year in the role. We don't have any record of a personal shareholding under Debi's name. Debi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.75 years. Under Debi's leadership, the company delivered a total shareholder return of 31%. Reported Earnings • Jun 12
Full year 2021 earnings released: EPS ₹0.17 (vs ₹0.14 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹5.44b (up 13% from FY 2020). Net income: ₹262.1m (up 94% from FY 2020). Profit margin: 4.8% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.41b (up 16% from 3Q 2020). Net income: ₹164.7m (up 206% from 3Q 2020). Profit margin: 12% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 06
New 90-day high: ₹16.35 The company is up 22% from its price of ₹13.45 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: ₹10.95 The company is down 14% from its price of ₹12.75 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: ₹11.25 The company is down 5.0% from its price of ₹11.80 on 27 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: ₹13.25 The company is up 47% from its price of ₹9.00 on 24 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 3.0% over the same period. Announcement • Jul 31
India Power Corporation Limited (NSEI : DPSCLTD) completed the acquisition of Parmeshi Energy Limited for INR0.5 mm. India Power Corporation Limited (NSEI : DPSCLTD) agreed to acquire Parmeshi Energy Limited for INR0.5 mm on April 24, 2020.
India Power Corporation Limited (NSEI : DPSCLTD) completed the acquisition of Parmeshi Energy Limited for INR0.5 mm on April 24, 2020.