1. India Stocks

  2. •

    Utilities

  3. •

    Electric utilities
India Power Corp. Ltd.

India Power Corp. Ltd.

NNSE:DPSCLTD
6.04
INR
+0.28
(+4.86%)
0.13EPS
53.81P/E
6.89BMarket Cap
India Power Corp. Ltd.
NSE:DPSCLTD
(National Stock Exchange of India)

Recent

price

6.04

P/E

ratio

53.81

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
4.18
5.5
6.67
4.4
4.55
4.56
4.89
4.06
3.06
3.03
3.1
3.41
3.88
4.02
6.37
7.01
7.01
Revenue per Share
0.06
0.12
0.28
0.18
0.16
0.21
1.11
0.13
0.1
0.08
0.17
0.1
0.1
0.11
0.07
0.13
0.13
Basic EPS, GAAP
-0.18
-1.1
-0.51
0.44
-0.06
-4.21
-1.23
-5.08
0.99
0.42
0.06
-0.13
0.37
0.45
0.66
0.54
- -
Free Cash Flow per Basic Share
0.01
- -
0.06
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.01
0.01
0.01
0.01
0.02
0.02
- -
Dividend per Share
1.13
1.3
10.03
10.31
10.75
11.11
51.39
51.62
11.91
16.61
16.84
14.05
10.33
10.44
9.04
9.15
9.15
Book Value per Share
1.12
1.25
9.99
10.28
10.65
10.92
51.02
50.98
11.89
16.59
16.83
14.04
10.32
10.43
9.03
9.14
9.14
Tangible Book Value per Share
974
984
974
1,578
1,578
1,578
1,578
1,578
1,578
1,578
1,578
1,578
1,578
1,578
974
974
974
Basic Weighted Avg Shares
4,066
5,415
6,498
6,945
7,184
7,203
7,710
6,400
4,824
4,781
4,895
5,379
6,122
6,341
6,204
6,830
6,830
Sales/Revenue/Turnover
1.74
4.76
8.25
10.99
11.36
11.25
1.38
3.7
12.16
4.52
11.06
-3.08
-5.78
1.44
-5.31
-4.75
-4.75
Operating Margin (%)
55
63
110
146
152
194
582
976
168
291
297
287
290
334
355
358
358
Depreciation Expense
57
118
276
287
248
339
1,751
198
162
132
262
154
158
172
70
128
128
Net Income, GAAP
23.75
32.12
35.05
35.25
33.6
19.14
11.31
29.98
19.59
46.51
- -
27.66
24.16
22.46
19.14
23.54
23.54
Effective Tax Rate (%)
1.4
2.18
4.25
4.14
3.46
4.7
22.71
3.1
3.36
2.77
5.35
2.86
2.59
2.71
1.13
1.88
1.88
Profit Margin (%)
380
-8
285
59
-1,695
-2,322
12,141
4,819
1,707
197
689
188
-445
50
-413
-933
-933
Working Capital
1,000
1,200
2,054
2,967
15,338
23,587
33,165
30,891
2,917
1,401
1,694
2,167
2,062
1,608
1,249
1,055
1,055
LT Debt
1,103
1,267
9,764
10,040
12,480
12,868
52,057
52,279
11,597
16,175
16,402
13,684
10,058
10,163
8,798
8,906
8,906
Total Equity
3.41
6.89
4.81
3.82
2.5
1.9
4.57
0.43
0.95
0.63
- -
-0.37
-1.76
0.59
-7.24
-2.28
-2.28
Return on Invested Capital (%)
6
4.65
3.69
3.93
2.52
1.96
4.35
1.75
1.61
2.03
- -
2.1
2.9
3.32
2.56
2.67
2.67
Return on Capital (%)
5.27
9.96
5
2.9
2.42
3.18
5.75
0.4
0.52
0.95
1.61
1.02
1.33
1.7
0.74
1.45
1.45
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
238
- -
212
LT Borrowings
690
- -
963
LT Finance Leases
17
- -
92
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
974
974
974
Market Capitalization
11,773
9,787
6,894

Working Capital

INR

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,736
- -
4,840
Cash, Cash Equivalents & STI
2,609
- -
2,915
Accounts Receivable, Net
1,457
- -
1,200
Inventories
108
- -
111
Total Current Liabilities
5,370
- -
5,774
Payables & Accruals
- -
- -
- -
ST Debt
238
- -
212
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.38%
-10.85%
1.22%
Free Cash Flow
-72.33%
-140.65%
-17.57%
Net Income, GAAP
38.28%
-1.34%
82.28%
Sales/Revenue/Turnover
0.22%
7.04%
10.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,788
1,652
1,435
1,466
6,341
2025
1,717
1,529
1,591
1,367
6,204
2026
1,637
1,979
1,553
1,661
6,830

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.04
0.08
0.11
2025
0.03
0.03
0.03
-0.02
0.07
2026
0.03
0.04
0.02
0.04
0.13

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
0.02
Similar Companies
Vistra Corp. (NYSE:VST)
Constellation Energy Corporation (NASDAQ:CEG)
NextEra Energy, Inc. (NYSE:NEE)
Adani Energy Solutions Ltd (NSE:ADANIENSOL)
NTPC Limited (NSE:NTPC)
Adani Power Limited (NSE:ADANIPOWER)
Business
India Power Corporation Limited engages primarily in the generation and distribution of electricity in India, operating as a holistic integrated power utility with over 100 years of legacy and expertise. The company’s core offerings include power generation through renewable and conventional sources; power distribution services as a licensed distributor in Asansol, West Bengal; smart grid and metering solutions including IoT-enabled distribution transformer health monitoring, AMI/prepaid meters, SCADA systems, and 24x7 customer service call centers; utility-scale solar and wind power projects; and deployment of advanced digital technologies for operational efficiency. India Power also develops EV charging hubs and has strategic power purchase agreements encompassing wind-solar hybrid and round-the-clock renewable energy with the Solar Energy Corporation of India Limited (SECI). Major recent changes include the acquisition of the Meenakshi coal-fired thermal power plant, integration of Rs 2,800 crore of Meenakshi’s debt, launching a pilot thermal energy storage unit in partnership with ES2 Power, and establishing a 2 MW grid-connected photovoltaic project with West Bengal Green Energy Development Corporation Limited. The company is expanding its renewable energy portfolio and advancing digital utilities, including smart meter installations across towns in Madhya Pradesh via a public-private partnership. Headquartered in Kolkata and founded more than a century ago, India Power aims to be India’s leading renewable power generation and utility company, aligning with national climate goals and enhancing grid resilience through technological innovation. It operates extensively across India, focusing on serving industrial and commercial customers while promoting sustainable energy solutions and digital transformation in the power sector.