MarketFriction

India Power Corporation Ltd

NSE DPSCLTD · Integrated Power Utilities
₹6.80 +0.00%
NSE close2026-10-01
52 week range6.71 - 12.51
Market cap₹672 Cr.
P/E52.4
Insolvency Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales178.76165.21143.46162.26171.67152.92159.06136.72163.67197.94155.32166.08
Expenses164.00158.70130.92153.97163.80148.77150.44228.47157.90191.16161.63169.00
Operating Profit14.766.5112.548.297.874.158.62-91.755.776.78-6.31-2.92
OPM %8.26%3.94%8.74%5.11%4.58%2.71%5.42%-67.11%3.53%3.43%-4.06%-1.76%
Other Income7.0414.109.1316.0713.1115.9010.75102.7312.0611.9522.4321.95
Interest9.548.387.807.127.846.706.306.344.414.363.916.43
Depreciation8.338.128.488.518.768.878.908.998.968.979.008.90
Profit before tax3.934.115.398.734.384.484.17-4.354.465.403.213.70
Tax %30.03%29.68%26.16%13.40%29.45%29.69%36.45%-57.01%31.84%29.81%42.37%-11.89%
Net Profit2.752.893.987.563.103.152.65-1.873.053.781.854.14
EPS in Rs0.030.030.040.080.030.030.03-0.020.030.040.020.04
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales718720833736526481525582623650620683
Expenses6226211,112638471431456573630607691680
Operating Profit9799-2799855507010-743-713
OPM %13%14%-33%13%10%10%13%1.6%-1.2%7%-11%0.5%
Other Income21768523275501873954614268
Interest46501432039146383338332719
Depreciation151958931629302929333636
Profit before tax374720534232520212122917
Tax %34%19%11%41%30%47%-28%28%24%22%19%24%
Net Profit253818220161326151617713
EPS in Rs0.250.391.800.200.170.140.270.160.160.180.070.13
Dividend Payout %20%13%3%25%30%37%19%32%31%28%69%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-1%5%3%10%
Compounded Profit Growth-10%-13%-7%82%
Stock Price CAGR-15%-15%-27%-43%
Return on Equity0%1%1%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital979797979797979797979797
Reserves9339854,9074,9291,0621,5201,5431,271908919782793
Borrowings5552,5183,7413,843468342299328282213156127
Other Liabilities3327811,0791,115606606568602732830786840
Total Liabilities1,9184,3829,8259,9852,2342,5662,5072,2982,0202,0591,8221,857
Fixed Assets3914241,9561,897399902950907897882969956
CWIP202,3984,2115,1216884222115141011
Investments31271,387379106100100993310
Other Assets1,1941,5532,2712,5871,6611,4801,4361,2711,1051,160843891
Total Assets1,9184,3829,8259,9852,2342,5662,5072,2982,0202,0591,8221,857
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity22491081052159233-468857975
Cash from Investing Activity-128-701369-110232-1310-12-1-18-2-11
Cash from Financing Activity110640-461-30-469-40-8415-64-72-73-64
Net Cash Flow4-1215-35-2139-42-14-54-0
Free Cash Flow-3-641-194-8011586618-1775766655
CFO/OP34%58%-39%110%401%190%53%5%-937%202%-114%2,304%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days50679112214549465362768064
Inventory Days102
Days Payable1,953
Cash Conversion Cycle506791122145494653627680-1,786
Working Capital Days-24-53205-7102-28371-41-15-48-67
ROCE %6%4%0%2%2%4%3%3%4%4%3%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters59.49%59.49%59.47%59.47%59.47%59.47%59.47%59.36%59.33%59.33%59.33%59.15%
FIIs0.01%0.00%0.25%0.14%0.12%0.14%0.15%0.14%0.14%0.13%0.13%0.12%
DIIs0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%
Public40.37%40.38%40.16%40.27%40.28%40.27%40.25%40.38%40.41%40.42%40.42%40.61%
No. of Shareholders41,04959,23392,95698,4341,13,1331,14,4821,14,1961,13,6561,11,9281,09,0851,07,5241,06,810

Fundamentals

Market Cap₹ 672 Cr.
Current Price₹ 6.90
Stock P/E52.4
Book Value₹ 9.15
ROCE3.49 %
ROE1.45 %
Dividend Yield0.72 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)82%
Consolidated figures.
Valuation
Market capRs 662 Cr
Enterprise valueRs 757 Cr
P/E (TTM)51.65x
Price to book0.74x
Price to sales0.97x
EV / EBITDA10.56x
EV / EBIT21.11x
EV / sales1.11x
Price to cash flow8.80x
Earnings yield1.94%
P/E, 3-year average122.05x
P/B, 3-year average1.36x
P/E, 5-year average98.21x
P/B, 5-year average1.17x
Profitability
Operating margin (excl. other income)0.49%
Operating margin (incl. other income)10.50%
EBITDA margin10.50%
Pre-tax margin2.46%
Net profit margin1.88%
Net margin, latest quarter2.49%
ROE1.45%
ROCE3.49%
ROA0.70%
ROE, 3-year average1.30%
ROCE, 3-year average3.68%
ROA, 3-year average0.63%
ROE, 5-year average1.25%
ROCE, 5-year average3.59%
ROA, 5-year average0.66%
ROIC (approx.)2.78%
Tax rate23.51%
Other income / net worth7.68%
Growth
Sales growth (latest year)10.10%
Profit growth (latest year)82.22%
Sales CAGR, 3 years3.11%
Sales CAGR, 5 years5.39%
Profit CAGR, 3 years-6.83%
Profit CAGR, 5 years-13.34%
Sales growth QoQ6.93%
Profit growth QoQ123.78%
Sales growth YoY (latest quarter)21.47%
Per share
EPS (TTM)Rs 0.13
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs 0.12
EPS, 5-year averageRs 0.14
Book value per shareRs 9.15
Sales per shareRs 7.01
Cash flow per shareRs 0.77
Free cash flow per shareRs 0.56
Dividend per share, 3-year averageRs 0.05
Dividend per share, 5-year averageRs 0.05
Dividends
Dividend payout, 3-year average48.81%
Dividend payout, 5-year average40.00%
Efficiency
Asset turnover0.37x
Fixed asset turnover0.71x
Inventory turnover51.44x
Inventory days7 days
Debtor days64 days
Debtors turnover5.69x
Creditor days1953 days
Cash conversion cycle-1786 days
Working capital days-67 days
Leverage
Total debtRs 127 Cr
Cash and bankRs 31 Cr
Net debtRs 95 Cr
Debt to equity0.14x
Net debt / EBITDA1.33x
Interest coverage1.88x
Current ratio (filing 2026-03-31)0.84x
Quick ratio (filing 2026-03-31)0.82x
Trade payables (filing 2026-03-31)Rs 212 Cr
Owners' fund to total sources47.95%
Debt to assets6.82%
Cash flow
Cash from Operating Activity (latest year)Rs 75 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs -64 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 55 Cr
FCFE (approx.: FCF + change in debt)Rs 25 Cr
Cash from ops / profit, 5 years4.46x
Sales to cash flow9.08x
Statement figures
Net sales (TTM)Rs 683 Cr
Net sales (latest year)Rs 683 Cr
Sales (latest quarter)Rs 166 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 68 Cr
EBITDA (TTM)Rs 72 Cr
PBDT (TTM)Rs 53 Cr
Profit before tax (TTM)Rs 17 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 36 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 572 Cr
Total expenditure (latest year)Rs 680 Cr
Total income (latest year)Rs 751 Cr
Share capitalRs 97 Cr
ReservesRs 793 Cr
Shareholders' fundsRs 891 Cr
Total assetsRs 1,857 Cr
Net blockRs 956 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 0 Cr
ReceivablesRs 120 Cr
InventoryRs 11 Cr
Other liabilitiesRs 840 Cr
Shares outstanding (crore)97.38
Ownership
Promoter holding59.15% (-0.21 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 51.6 is at the 18th percentile of its own 9.4-year range (median 74.7, low 15.1, high 183.7).
P/B 0.74 is at the 35th percentile (median 0.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDPSCLTDNifty 50Difference
1 week-3.7%-2.8% -0.9 pts
1 month-7.5%-6.8% -0.7 pts
3 months-9.5%-7.6% -1.8 pts
6 months-4.0%+0.4% -4.4 pts
1 year-45.0%-9.9% -35.1 pts
2 years-62.9%-13.6% -49.4 pts
3 years-61.3%+14.2% -75.4 pts
5 years-56.1%+27.9% -84.0 pts

Red flags

F-score 8 of 8
seriousInsolvency process Insolvency process 2026-10-01: DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Vacation of Office by Directors in a Material
lookProfit leans on other income Other income was 408% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: Insolvency
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹166 Cr +21.5% vs Mar 2025. Net profit ₹4 Cr +321.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-09-12Dividend - Re 0.05 Per Share
2024-09-20Annual General Meeting/Dividend - Re 0.05 Per Share
2023-09-15Annual General Meeting/Dividend - Re 0.05 Per Share
2022-09-08Annual General Meeting/Dividend - Rs 0.05 Per Share
2021-09-08 Annual General Meeting/Dividend - Rs 0.05 Per Share
2020-09-22 Annual General Meeting/Dividend - Rs 0.05 Per Share
2019-08-01 Annual General Meeting/Dividend Rs 0.05 Per Share
2018-09-12 Annual General Meeting/Dividend Re 0.05 Per Share
2017-08-03 Annual General Meeting/Dividend - Re 0.05 Per Share
2016-09-01 Annual General Meeting/ Dividend -Re 0.05 Per Share
2015-09-03 Annual General Meeting/ Dividend - Re 0.05/- Per Share
2014-09-08Annual General Meeting/Dividend - Re 0.05/- Per Share
2013-07-15Annual General Meeting / Dividend - Re 0.05/- Per Share
2012-07-20Annual General Meeting And Dividend Re.0.05 Per Share
2011-12-15Bonus 22:1 And Face Value Split From Rs.10/- To Re.1/-0.0043
2011-07-21Annual General Meeting And Dividend Re.1/- Per Share
2010-06-23Annual General Meeting And Dividend Re.1/- Per Share
2009-09-11Agm/Div-Re.1/- Per Share
2008-09-22Agm/Dividend - 10%
DateTypeWhat it says
2026-10-01Corporate Insolvency ResolutCorporate Insolvency Resolution Process regarding Vacation of Office by Directors in a Material Subsidiary Company
2026-10-01General UpdatesGeneral Updates regarding Vacation of Office by Directors in a Material Subsidiary Company-IPCL Power Limited
2026-09-30Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Trading Window Closure
2026-09-25Corporate Insolvency ResolutCorporate Insolvency Resolution Process regarding Post facto intimation of the 8th (Eighth) Meeting of the Committee of Creditors (CoC) of India Power...
2026-09-24Regulatory actionAction(s) initiated or orders passed regarding Notice for investigation under Section 212 (1)(c) of the Companies Act, 2013 calling of information un...
2026-09-24Corporate Insolvency ResolutCorporate Insolvency Resolution Process regarding Notice for investigation under Section 212 (1)(c) of the Companies Act, 2013 calling of information...
2026-09-24Corporate Insolvency ResolutCorporate Insolvency Resolution Process regarding Prior Intimation of the 8th (Eight) Meeting of the Committee of Creditors (CoC) of India Power Corpo...
2026-09-13Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Outcome of the Voting Results of the 7th (seventh) Meeting of the Committee of Creditors (CoC) of India Power ...
2026-09-13Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Outcome of the Voting Results of the 6th (sixth) Meeting of the Committee of Creditors (CoC) of India Power Co...
2026-09-12Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Notices for non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regula...
2026-09-12Delay/default in the paymentDelay/default in the payment of fines/penalties/dues etc. to authority regarding Notices for non-compliance with Regulation 33 of SEBI (Listing Obliga...
2026-09-11Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Post facto intimation of the 7th (Seventh) Meeting of the Committee of Creditors (CoC) of India Power Corporat...
2026-09-10Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Prior Intimation of the 7th (Seventh) Meeting of the Committee of Creditors (CoC) of India Power Corporation L...
2026-09-02Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Post-Facto Intimation of the Newspaper Publication of Form G (Invitation of Expression of Interest) of the Com...
2026-09-01Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-09-01Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Post facto intimation of the 6th (Sixth) Meeting of the Committee of Creditors (CoC) of India Power Corporatio...
2026-08-30Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Prior Intimation of the 6th (Sixth) Meeting of the Committee of Creditors (CoC) of India Power Corporation Lim...
2026-08-27Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Post facto intimation of the 5th (Fifth) Adjourned Meeting of the Committee of Creditors (CoC) of India Power ...
2026-08-26Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Voting Results of the 4th (Fourth) Meeting of the Committee of Creditors (CoC) of India Power Corporation Limi...
2026-08-24Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Post facto intimation of the 5th (Fifth) Meeting of the Committee of Creditors (CoC) of India Power Corporatio...
2026-08-22Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Prior Intimation of the 5th (Fifth) Meeting of the Committee of Creditors (CoC) of India Power Corporation Lim...
2026-08-21Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-21Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-17Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Post facto intimation of the 4th (Fourth) Meeting of the Committee of Creditors (CoC) of India Power Corporati...
2026-08-15Corporate Insolvency ResolutCorporate Insolvency Resolution Process-Invocation of Bank Guarantee
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-26NCLTIndia Power Corporation Ltd Vs State Bank of India & 14 others Vs
2021-02-11NCLTIndia Power Corporation Ltd Vs State Bank of India & 14 others Vs
2020-12-30NCLTDynamic Cables Ltd Vs India Power Corporation (Bodhgaya) Ltd
2020-11-04NCLATRaunaq EPC International Ltd. VS Hiranmaye Energy Ltd., Formerly known as India Power Corporation (Haldia) Ltd.
2020-09-30NCLATRaunaq EPC International Ltd. VS Hiranmaye Energy Ltd., Formerly known as India Power Corporation (Haldia) Ltd.
2020-09-10NCLATIndia Power Corporation Ltd. VS Meenakshi Energy Ltd Through Resolution Professional R. Ravi Shankar Devarakonda & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Insolvency Resolution Process(IRP)Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of India Power Corporation Ltd?

India Power Corporation Ltd (DPSCLTD) has a market capitalisation of Rs 672 Cr. at the 2026-10-01 close.

What is the P/E ratio of India Power Corporation Ltd?

India Power Corporation Ltd trades at a P/E of 52.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were India Power Corporation Ltd's latest quarterly results?

In the Mar 2026 quarter, India Power Corporation Ltd sales was Rs 166 Cr (+21.5% vs Mar 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of India Power Corporation Ltd?

The 52-week high is Rs 12.51 and the 52-week low is Rs 6.71.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03