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Shareholding Info
  • Promoters
    24 %
  • Foreign institutions-FII
    4.65 %
  • Other domestic institutions
    21.56 %
  • Retail and other
    49.73 %
  • Mutual Funds
    0.06 %

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About Jaiprakash Power


The Jaypee Group was conceived about 5 decades ago and has since been a hallmark company with a diversified portfolio of products and services including Engineering, Construction, Power, Cement, Expressways, Fertiliser, Real Estate, Hospitality, Healthcare, Sports, IT and Education.The Jaiprakash Power Venture Limited (JP Power) is an Indian power company that was incorporated on December 21, 1994. A part of the Jaypee Group conglomerate, Jaiprakash Power plans, develops, implements and operates power projects across the country. The company currently operates the largest private sector hydroelectric plant in India.

Core Activities & Products


The core products of the company include:
Power Generation through
  • Hydropower
  • Thermal Power

Power Transmission through Jaypee Powergrid Limited (JPL)

Board of Directors

  • Shri Manoj Gaur, Chairman
  • Shri Sunil Kumar Sharma, Vice Chairman
  • Shri Suren Jain, Managing Director & CEO
  • Shri Mitesh Sinha (IDBI Nominee)
  • Shri Praveen Kumar Singh, Whole-time Director
  • Shri Jagmohan Garg
  • Smt. Binata Sengupta
  • Dr. Vandana R. Singh
  • Shri Anupam Lal Das
  • Shri Sudhir Mital
  • Shri Pritesh Vinay
  • Dr. Dinesh Kumar Likhi


Presence


The company has a presence across India. The hydropower plants are:
  • Vishnuprayag H.E.P. (Uttarakhand)
  • Hirong H.E.P. (Arunachal Pradesh)
  • Lower Siang H.E.P. (Arunachal Pradesh)
  • Umngot H.E.P. (Meghalaya)
  • Kynshi Stage-ii H.E.P. (Meghalaya)
The thermal plants are:
  • Jaypee Nigrie Super Thermal Power Project (Madhya Pradesh)
  • Bina Thermal Power Project (Madhya Pradesh)
  • Bara Thermal Power Project (Uttar Pradesh)
Transmission Lines:
  • Transmission Line from Karcham Wangtoo to Abdullapur in Haryana


Registered Office


63, J House, Basant Lok, Vasant Vihar,
New Delhi 110057

Strengths:


The strengths of the company that have affected the JP share price are:
  • The company has a high TTM EPS growth with good quarterly growth results.
  • They’ve been using their capital to effectively generate profits, as shown through the improved RoCE in the past couple of years.
  • Not only does the company have a low debt to begin with but also showcases reducing debt year after year.
  • Being part of the Jaypee Group gives it the financial and trustworthy support that it needs to carry out operations.


CSR and Sustainability

Since its incorporation in 1994, the company has taken on several CSR initiatives and sustainability projects to help develop our society as well as save the environment. Some of their better-known initiatives are:
  • Vishnuprayag
  • Nigrie
  • Bina
  • Amelia
The focus of their projects expands across healthcare, education, environment, employment skills, and rural development. Budgets have been allocated for growth in each of these sections. They usually implement these in an around the locations of their projects.

Criticism

While Jaypee Power has not been embroiled in any controversies or been criticised publicly, the Jaypee Group has been surrounded by them, affecting even JP Power.

COVID-19 Impact


In 2019, the company had disclosed a net loss of Rs. 1,816.05 crore, which narrowed to Rs 8.61 crore in the following year. The consolidated income of the company also rose from Rs. Rs 880.37 crore in 2019 to Rs 993.98 crore in the quarter ended December 2020.Despite this, the management believes that there hasn’t been a severe impact of Covid 19 on the company except a slight fall in demand and the consequential impact on supply.

Did You Know!

The company sold some of their hydropower plants to JSW Energy so as to reduce their incurred debt burden. As of today, they have the operational capacity of only 400 MW hydropower and 1,800 MW thermal power. Also, thermal power plants are being constructed to add 2,000 MW to their portfolio but the proceeds from the sale of the hydropower plants and the renewed effort for thermal power will first go to settle the debt incurred by the parent company.

Initial Public Offering

The IPO of the company was released on the National Stock Exchange (NSE) in March, 2005, as well as listed on BSE, where the base JP share price was set at Rs. 32 per share. The face value per JP stock price was Rs. 10. The issue size of shares of Rs. 10 was 18,00,00,000 shares aggregating to Rs. 576 crore and these were all offered for sale.

Equity Shares

Jaypee Power is an analysts favourite recently due to their belief that the stock is currently massively under-performing. The loss expected in the fourth quarter is higher than actual loss, standing at only Rs. 141.54 crore, reducing from the Rs. 171.98 crore loss from last year. The company has improved on the operational level and the income doubled from Rs. 459.03 crore to Rs. 987.51 crore in the fourth quarter.The entire power sector is not doing well at the moment, but with the sectoral reforms that the central government is initiating, there is a high scope of improvement. The industrial demand is also on a rise and interest rates are falling, which all project positively on the JP share price, especially as its the cheapest stock in the market from this sector. However, the company is also facing many downsides like though the 2 thermal plants in Madhya Pradesh have been commercialised, the plants continued to report losses. There has been a significant increase in fuel prices and coal has been deallocated, the pressure of performance is high.

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