1. Power Finance Corp
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100% Buy

Power Finance Corp Share Price

PFC

₹468.10+₹13.30 (2.92%) TodayLast updated on 17 May, 2024 | 03:59 PM IST
₹454.00₹469.30
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,39,132 Cr

Open

₹457.30

Close

₹454.80

Circuit range

₹500.25 - ₹409.35

Day range

₹454.00 - ₹469.30

Year range

₹130.40 - ₹485.50

Volume

1,61,22,079

Avg. traded

₹463.52

Revenue (12m)

₹87,016 Cr

Power Finance Corp

Power Finance Corporation Ltd. (PFC) is a central Public Sector Undertaking (PSU) primarily engaged in offering a range of financial products and services for the power sector. The Ministry of Power PSU was founded in 1986 for power sector financing. PFC was established with a focus on financing the large scale power projects and overseeing the development of power and related industries.

PFC was officially designated as an Infrastructure Finance Company by the RBI on July 28, 2010. The Central government held 56% stake in the company, as of September 30, 2023.

PFC was ranked 378th globally in terms of assets according to the 2023 Forbes Global List.

The market capitalisation of Power Finance Corporation stood at nearly ₹1,34,000 crore as of January 8, 2024. The PFC share price has gained nearly 320% in the last three years.

Power Finance Corporation Business Operations

Power Finance Corporation is the largest non-banking financial company (NBFC) by net worth. With a market share of approximately 20%, PFC is a big player within the power financing sector. The PSU has been designated as a nodal agency for initiatives like the Revamped Distribution Sector Scheme (RDSS), Late Payment Surcharge (LPS) Rules, Integrated Power and Development Scheme (IPDS), Ultra Mega Power Projects (UMPPs). It is also serving as the Bid Process Coordinator for Independent Transmission Projects (ITPs).

PFC provides a range of financial solutions including rupee-term loans, short-term loans, equipment lease financing and transitional financing for power projects spanning generation, transmission and distribution sectors. It has also entered the infrastructure and logistics vertical serving e-vehicle fleets, charging infrastructure, roads, ports, metro rail, smart cities and other projects. The company, via its subsidiary PFC Consulting Limited, has started the Tariff Based Competitive Bidding Process (TBCB) to enhance and expand the transmission system by involving the private sector in the development efforts.

PFC's customers comprise both Central and state government companies, private sector power utilities, power equipment manufacturers, state government departments and companies involved in development of infrastructure projects.

The total installed capacity of Power Finance Corporation reached 416,059 megawatts (MW) as of March 31, 2023. Thermal sources contributed approximately 57% (237,268.91 MW), while hydropower projects contributed around 11% (46,850.17 MW). Renewable energy sources accounted for about 30% (125,159.81 MW) and nuclear power made up roughly 2% (6,780.00 MW) of the total installed capacity.

In terms of ownership distribution, the state government-backed sector held around 25% (105,726.43 MW), the private sector accounted for about 51% (210,278 MW) and the central government-owned sector comprised approximately 24% (100,054.93 MW) of the installed capacity.

PFC’s financial products include grants and interest-free loans for consultancies, project term loans, lease financing for the purchase of equipment, short to medium-term loans to equipment manufacturers, corporate loans and line of credit for import of coal.

Financial Highlights

The company’s consolidated revenue from operations for FY23 stood at ₹77,568.3 crore, up 1.7% from ₹76,261.66 crore in FY22. The PSU’s total income in FY23 stood at ₹77,625.19 crore as against ₹76,344.92 crore in FY22. The company’s profit after tax (PAT) for FY23 jumped to ₹21,178.59 crore as against ₹18,768.21 crore in FY22. The company’s earnings per share (EPS) stood at ₹60.19 in FY23 compared to ₹53.08 in the previous financial year.

Power Finance Corp Key indicators

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52 week high

₹485.50

52 week low

₹130.40

P/E ratio

7.59

P/B ratio

1.38

ROE

18.2%

ROCE

9.25%

Dividend yield

3.18%

Debt/Equity ratio

5.31

EPS

43.96

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Investment checklist: (3/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 8 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

94.51%

Net profit margin

29.27%

ROE

18.2%

ROA

2.79%

ROCE

9.25%

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Power Finance Corp Shareholder returns

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1 day

+4.18%

1 week

+8.79%

1 month

+14.69%

3 months

+4.87%

1 year

+239.81%

3 years

+401.10%

5 years

+420.37%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Power Finance Corp Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (55.99%)

Mutual Funds (12.63%)

Retail and other (8.59%)

Foreign institutions-FII (17.19%)

Other domestic institutions (5.59%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3/share

    Ex date 22 Mar 2024

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  • Dividend • ₹3.5/share

    Ex date 20 Feb 2024

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  • Dividend • ₹4.5/share

    Ex date 24 Nov 2023

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  • Bonus • 1:4

    Ex date 21 Sep 2023

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  • Dividend • ₹4.5/share

    Ex date 16 Jun 2023

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  • Dividend • ₹0/share

    Ex date 31 Mar 2023

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  • Dividend • ₹3.5/share

    Ex date 24 Feb 2023

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  • Dividend • ₹3/share

    Ex date 24 Nov 2022

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  • Dividend • ₹2.25/share

    Ex date 01 Sep 2022

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  • Dividend • ₹1.25/share

    Ex date 09 Jun 2022

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  • Dividend • ₹6/share

    Ex date 25 Feb 2022

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  • Dividend • ₹2.5/share

    Ex date 24 Nov 2021

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Frequently asked questions