Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures Ltd

₹ 14.2 -3.66%
11 Feb - close price
About

Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity[1]

Key Points

Power Plant Operations
A) 400 MW Vishnuprayag Hydro-Electric Plant in the State of Uttarakhand, which is in operation since October 2007
B) 500 MW Jaypee Bina Thermal Power Plant in Distt. Sagar (M.P.) consists of two units of 250 MW each, First unit had been in operation since August 2012, and the second unit since April 2013.
C) 1320 MW Jaypee Nigrie Supercritical Thermal Power Plant (JNSTPP) in Distt. Singrauli (M.P.) consists of two units of 660 MW each, First unit had been in operation since September 2014, and the second unit since February 2015. [1]

  • Market Cap 9,732 Cr.
  • Current Price 14.2
  • High / Low 23.8 / 14.1
  • Stock P/E 6.29
  • Book Value 17.5
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.81 times its book value
  • Company has delivered good profit growth of 38.1% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 24.0%
  • Company has a low return on equity of 4.52% over last 3 years.
  • Promoters have pledged 79.2% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
1,401 1,406 1,820 1,385 1,201 1,380 1,708 1,350 2,190 1,515 1,755 1,226 1,140
1,037 1,131 1,192 1,130 1,191 1,158 1,186 939 1,613 788 965 840 850
Operating Profit 365 275 628 256 10 221 521 411 577 727 790 386 290
OPM % 26% 20% 35% 18% 1% 16% 31% 30% 26% 48% 45% 32% 25%
51 126 9 116 5 5 7 -70 -56 -290 24 78 116
Interest 136 143 150 138 135 137 119 117 105 109 109 110 97
Depreciation 121 119 116 117 117 115 115 116 117 116 118 120 116
Profit before tax 158 139 372 117 -238 -25 294 108 299 212 588 234 192
Tax % 32% 102% 35% 36% -9% 67% 35% 36% 42% -19% 41% 22% 35%
107 -2 242 75 -217 -41 192 69 173 253 348 182 125
EPS in Rs 0.16 -0.00 0.35 0.11 -0.32 -0.06 0.28 0.10 0.25 0.37 0.51 0.27 0.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,253 2,693 3,944 3,884 2,792 3,381 3,732 3,284 3,302 4,625 5,787 6,763 5,636
494 833 1,354 1,528 1,811 2,370 2,553 2,396 2,144 3,512 4,671 4,526 3,443
Operating Profit 1,759 1,861 2,591 2,356 981 1,011 1,180 888 1,158 1,113 1,116 2,237 2,193
OPM % 78% 69% 66% 61% 35% 30% 32% 27% 35% 24% 19% 33% 39%
38 47 122 80 88 349 194 -2,439 376 235 135 -410 -71
Interest 1,124 1,448 2,118 2,344 1,806 1,492 1,433 650 578 556 560 449 425
Depreciation 324 447 465 566 487 487 475 479 480 481 464 465 471
Profit before tax 349 13 130 -474 -1,224 -619 -533 -2,680 476 311 227 913 1,226
Tax % 6% -47% -6% -51% -38% -15% -29% 31% 23% 65% 74% 25%
329 20 137 -232 -761 -527 -378 -3,505 366 108 59 686 908
EPS in Rs 1.12 0.07 0.47 -0.79 -1.27 -0.88 -0.63 -5.12 0.53 0.16 0.09 1.00 1.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 27%
TTM: -15%
Compounded Profit Growth
10 Years: 52%
5 Years: 38%
3 Years: 102%
TTM: 217%
Stock Price CAGR
10 Years: 3%
5 Years: 52%
3 Years: 19%
1 Year: -36%
Return on Equity
10 Years: -2%
5 Years: 0%
3 Years: 5%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2,938 2,938 2,938 2,938 5,996 5,996 5,996 6,840 6,853 6,853 6,853 6,853 6,853
Reserves 3,506 3,392 3,441 4,677 3,897 3,369 2,992 3,391 3,760 3,869 3,928 4,615 5,145
18,008 20,541 22,901 14,523 11,827 11,310 11,149 5,777 5,236 5,078 4,761 4,246 4,014
2,492 2,463 2,739 1,917 2,496 3,099 3,831 1,688 1,467 1,869 2,089 1,583 1,629
Total Liabilities 26,945 29,334 32,020 24,054 24,215 23,775 23,969 17,696 17,317 17,670 17,632 17,297 17,642
11,217 12,449 23,104 16,158 15,853 15,412 15,021 14,600 14,203 13,734 13,318 12,939 12,793
CWIP 9,120 9,913 358 146 158 159 131 140 77 61 91 132 109
Investments 4,434 5,005 5,780 5,476 5,517 5,736 5,736 1,032 900 1,022 972 757 757
2,174 1,967 2,778 2,273 2,688 2,468 3,080 1,924 2,137 2,853 3,251 3,470 3,983
Total Assets 26,945 29,334 32,020 24,054 24,215 23,775 23,969 17,696 17,317 17,670 17,632 17,297 17,642

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,752 2,218 2,470 2,401 1,438 1,359 1,043 1,030 814 845 768 1,933
-4,300 -2,960 -2,660 8,303 -15 -193 -168 -131 278 -113 109 -997
2,600 965 -63 -10,855 -1,462 -1,177 -901 -822 -1,135 -711 -880 -964
Net Cash Flow 52 222 -253 -151 -39 -11 -26 76 -43 22 -3 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 34 66 38 59 32 48 40 87 73 74 64
Inventory Days
Days Payable
Cash Conversion Cycle 73 34 66 38 59 32 48 40 87 73 74 64
Working Capital Days -352 -528 -461 -279 -406 -382 -429 -57 23 45 68 61
ROCE % 7% 6% 8% 7% 3% 4% 4% 3% 5% 5% 5% 14%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00%
1.20% 2.83% 3.38% 3.67% 4.97% 4.70% 4.65% 5.14% 6.06% 7.59% 7.78% 6.26%
23.12% 23.12% 22.18% 22.15% 22.19% 22.15% 21.62% 20.46% 18.46% 18.18% 18.29% 17.49%
51.68% 50.05% 50.44% 50.18% 48.85% 49.15% 49.74% 50.41% 51.47% 50.21% 49.94% 52.27%
No. of Shareholders 15,48,55115,46,87214,96,28414,85,08614,63,79214,57,88715,47,91517,62,61521,86,63423,01,63623,97,33725,14,212

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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