India Power Corporation Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Regulated operation: 95.3% • Non Regulated operation: 4.7%
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Latest quarter profit grew 321.6% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.79x)
- Company has been maintaining a healthy dividend payout of 69.3%
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (1279.8% of PBT)
- Company has a low return on equity of 1.8% over last 3 years
- Company has a low return on capital employed of 4.7%
- Interest coverage is weak at 1.3x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 209.85 | 28.39 | 404689.32 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 333.30 | 11.64 | 323189.88 | 2.70 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 269.10 | 15.74 | 250279.25 | 3.34 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1282.00 | 118.37 | 211167.98 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| ADANIENSOL | 1373.75 | 57.55 | 168003.37 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| TATAPOWER | 365.00 | 30.19 | 116629.89 | 0.68 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 525.45 | 48.97 | 96340.35 | 0.38 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 76.30 | 20.19 | 76643.62 | 2.11 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 86.90 | 120.64 | 73224.80 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| TORNTPOWER | 1298.20 | 28.15 | 65416.76 | 1.54 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 264.25 | 11.42 | 36641.87 | 1.46 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.27 | 32.83 |
| DPSCLTD | 7.14 | 54.26 | 695.29 | 0.00 | 4.13 | 321.60 | 166.08 | 21.47 | 3.17 | 18.82 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 160 | 179 | 165 | 143 | 162 | 172 | 153 | 159 | 137 | 164 | 198 | 155 | 166 | |
| 141 | 164 | 152 | 129 | 146 | 159 | 141 | 145 | 228 | 150 | 183 | 143 | 169 | |
| Operating Profit | 19 | 15 | 13 | 14 | 17 | 12 | 12 | 14 | -92 | 14 | 15 | 12 | -3 |
| OPM % | 12.03% | 8.25% | 7.94% | 9.96% | 10.19% | 7.14% | 7.76% | 8.98% | -67.04% | 8.44% | 7.79% | 7.67% | -1.70% |
| 7 | 7 | 8 | 7 | 7 | 9 | 8 | 5 | 103 | 4 | 3 | 4 | 22 | |
| Interest | 10 | 10 | 8 | 8 | 7 | 8 | 7 | 6 | 6 | 4 | 4 | 4 | 6 |
| Depreciation | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Profit before Tax | 9 | 4 | 4 | 5 | 8 | 4 | 4 | 4 | -4 | 4 | 5 | 3 | 4 |
| Tax % | 15.57% | 30.03% | 29.68% | 26.30% | 14.05% | 29.45% | 29.69% | 36.69% | 58.22% | 31.61% | 30.00% | 42.50% | -11.61% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 3 | -2 | 3 | 4 | 2 | 4 |
| 0.04 | 0.02 | 0.02 | 0.03 | 0.05 | 0.02 | 0.02 | 0.02 | -0.01 | 0.02 | 0.02 | 0.01 | 0.03 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 720 | 833 | 1,014 | 605 | 481 | 525 | 582 | 623 | 650 | 620 | 683 | |
| 645 | 788 | 911 | 545 | 431 | 442 | 573 | 629 | 607 | 691 | 645 | |
| Operating Profit | 76 | 45 | 103 | 60 | 50 | 84 | 10 | -6 | 43 | -71 | 38 |
| OPM % | 10.50% | 5.35% | 10.17% | 9.97% | 10.38% | 15.96% | 1.67% | -1.01% | 6.58% | -11.45% | 5.61% |
| 41 | 362 | 251 | 78 | 50 | 5 | 73 | 95 | 45 | 142 | 33 | |
| Interest | 50 | 143 | 223 | 97 | 46 | 38 | 33 | 38 | 33 | 27 | 19 |
| Depreciation | 19 | 58 | 98 | 17 | 29 | 30 | 29 | 29 | 33 | 36 | 36 |
| Profit before Tax | 47 | 206 | 33 | 24 | 25 | 20 | 21 | 21 | 22 | 9 | 17 |
| Tax % | 19.14% | 11.28% | 42.01% | 28.42% | 46.23% | -28.44% | 27.66% | 24.16% | 22.46% | 19.14% | 23.44% |
| Net Profit | 38 | 183 | 19 | 17 | 14 | 26 | 15 | 16 | 17 | 7 | 13 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.10 | 0.10 | 0.18 | 0.07 | — |
| Dividend Payout % | 14.37% | 2.78% | 24.53% | 29.99% | 36.77% | 18.58% | 31.65% | 30.75% | 28.34% | 69.25% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -1%
- 5 Years:
- 5%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -12%
- 5 Years:
- -12%
- 3 Years:
- -23%
STOCK PRICE CAGR
- 10 Years:
- -14%
- 5 Years:
- -14%
- 3 Years:
- -24%
- 1 Year:
- -41%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 2%
- 3 Years:
- 2%
- Last Year:
- 1%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 |
| Minority Interest | 205 | 201 | 201 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 924 | 4,847 | 4,869 | 1,002 | 1,460 | 1,482 | 1,211 | 848 | 859 | 722 | |
| 2,680 | 3,797 | 4,076 | 662 | 543 | 389 | 409 | 353 | 283 | 224 | |
| Trade Payables | 91 | 250 | 252 | 200 | 99 | 86 | 103 | 214 | 244 | 199 |
| 384 | 633 | 490 | 273 | 366 | 452 | 478 | 507 | 575 | 580 | |
| Total Liabilities | 4,382 | 9,825 | 9,985 | 2,234 | 2,566 | 2,507 | 2,298 | 2,020 | 2,059 | 1,822 |
| 424 | 1,956 | 1,897 | 399 | 902 | 950 | 907 | 897 | 882 | 969 | |
| Capital Work in Progress | 2,398 | 4,210 | 5,117 | 68 | 84 | 22 | 21 | 15 | 14 | 10 |
| 7 | 1,387 | 379 | 106 | 100 | 100 | 99 | 3 | 3 | 1 | |
| 15 | 84 | 74 | 10 | 7 | 8 | 8 | 10 | 9 | 14 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 136 | 136 | |
| Cash & Bank | 52 | 181 | 127 | 24 | 56 | 15 | 16 | 25 | 31 | 41 |
| 1,486 | 2,007 | 2,390 | 1,627 | 1,417 | 1,412 | 1,247 | 1,070 | 984 | 652 | |
| Total Assets | 4,382 | 9,825 | 9,985 | 2,234 | 2,566 | 2,507 | 2,298 | 2,020 | 2,059 | 1,822 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 110 | 108 | 220 | 95 | 37 | -0 | 69 | 85 | 79 | |
| Cash from Investing | -701 | -1,068 | -110 | 243 | -13 | 10 | -11 | -1 | -18 | -2 |
| Cash from Financing | 640 | -461 | -30 | -469 | -40 | -84 | 15 | -64 | -72 | -73 |
| -12 | -1,421 | -35 | -11 | 39 | -42 | -1 | 4 | -5 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-12 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process-Notices for non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )
2026-09-12 - DPSC Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority regarding Notices for non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )
2026-09-11 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process-Post facto intimation of the 7th (Seventh) Meeting of the Committee of Creditors (CoC) of India Power Corporation Limited (IPCL)
2026-09-10 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process-Prior Intimation of the 7th (Seventh) Meeting of the Committee of Creditors (CoC) of India Power Corporation Limited (IPCL)
2026-09-02 - DPSC Limited has informed the Exchange about Copy of Newspaper Publication regarding Post-Facto Intimation of the Newspaper Publication of Form G (Invitation of Expression of Interest) of the Company, published on Tuesday, September 02, 2026.
2026-09-02 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process-Post-Facto Intimation of the Newspaper Publication of Form G (Invitation of Expression of Interest) of the Company, published on Tuesday, September 02, 2026.
2026-09-01 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-09-01 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process-Post facto intimation of the 6th (Sixth) Meeting of the Committee of Creditors (CoC) of India Power Corporation Limited (IPCL)
2026-08-30 - DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process-Prior Intimation of the 6th (Sixth) Meeting of the Committee of Creditors (CoC) of India Power Corporation Limited (IPCL)
News
Recent coverage and analyst commentary for DPSCLTD
Loading news…
AI Stock Analyst
India Power Corporation Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account