---
title: "India Power Corporation Ltd (DPSCLTD) — Share Price, Financials & Analysis"
symbol: "DPSCLTD"
company: "India Power Corporation Ltd"
canonical: "https://tapetide.com/stocks/DPSCLTD"
isin: "INE360C01024"
nse_symbol: "DPSCLTD"
sector: "Power"
industry: "Integrated Power Utilities"
market_cap_cr: 693.34
generated_at: "2026-09-13T19:40:03.432Z"
---

# India Power Corporation Ltd (DPSCLTD)

Canonical page: https://tapetide.com/stocks/DPSCLTD

## Company

- **NSE Symbol:** DPSCLTD
- **ISIN:** INE360C01024
- **Sector:** Power
- **Industry:** Integrated Power Utilities
- **Macro Sector:** Utilities
- **Stock Type:** EQUITY
- **Listed Since:** 2008-04-21
- **CEO:** Mr. Raghav Raj Kanoria
- **Employees:** 358
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** indiapower.com

## About

Incorporated in 1919, India Power Corporation Ltd is engaged in business of Power Distribution, Renewable Power Generation and Smart Grid.

## Latest Price

- **Price:** ₹7.14
- **Change:** +0.09 (+1.28%)
- **Open:** ₹7.08
- **Day High:** ₹7.29
- **Day Low:** ₹7
- **Previous Close:** ₹7.05
- **Volume:** 54041
- **As Of:** 2026-09-11T09:58:20+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:30.296978Z.

- **Market Cap:** ₹693.34 Cr
- **Classification:** Microcap
- **P/E (reported):** 54.2
- **P/E (TTM):** 54.92
- **EPS (TTM):** ₹0.13
- **Book Value:** ₹9.15
- **Price to Book:** 0.77
- **Dividend Yield:** 0.71%
- **ROE:** 0.8%
- **ROCE:** 2.77%
- **Debt to Equity:** 0.14
- **Revenue (yearly):** ₹683.01 Cr
- **Net Income:** ₹9.27 Cr
- **EBITDA:** ₹3.31 Cr
- **52-Week High:** ₹13.31
- **52-Week Low:** ₹6.84
- **RSI (14):** 41.88

## Tapetide Score

- **Score:** 36 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 7.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 42.43 | 9% |
| growth | 42.54 | 9% |
| momentum | 16.77 | 12% |
| ownership | 47.6 | 24% |
| quality | 57.32 | 22% |
| valuation | 47.7 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.78 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.39% over past five years.
- Company has a low return on equity of 1.30% over last 3 years.
- Promoters have pledged 67.6% of their holding.
- Earnings include an other income of Rs.68.4 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -6.85% | 15.53% | 141.5% |
| ebitda margin growth | 18.01% | -92% | -95.86% | -91.97% |
| net income growth | 115.79% | 32.43% | -7% | -13% |
| revenue growth | 5.74% | -6.64% | 3% | 5% |
| roce | 42.13% | -24.73% | -28.79% | 3.19% |
| roe | 123.78% | -52.66% | 1.35% | -50% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 178.76 | 165.21 | 143.46 | 162.26 | 171.67 | 152.92 | 159.06 | 136.72 | 163.67 | 197.94 | 155.32 | 166.08 |
| Expenses | 164 | 158.7 | 130.92 | 153.97 | 163.8 | 148.77 | 150.44 | 228.47 | 157.9 | 191.16 | 161.63 | 169 |
| Operating Profit | 14.76 | 6.51 | 12.54 | 8.29 | 7.87 | 4.15 | 8.62 | -91.75 | 5.77 | 6.78 | -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 Income | 7.04 | 14.1 | 9.13 | 16.07 | 13.11 | 15.9 | 10.75 | 102.73 | 12.06 | 11.95 | 22.43 | 21.95 |
| Interest | 9.54 | 8.38 | 7.8 | 7.12 | 7.84 | 6.7 | 6.3 | 6.34 | 4.41 | 4.36 | 3.91 | 6.43 |
| Depreciation | 8.33 | 8.12 | 8.48 | 8.51 | 8.76 | 8.87 | 8.9 | 8.99 | 8.96 | 8.97 | 9 | 8.9 |
| Profit before tax | 3.93 | 4.11 | 5.39 | 8.73 | 4.38 | 4.48 | 4.17 | -4.35 | 4.46 | 5.4 | 3.21 | 3.7 |
| Tax % | 30.03 | 29.68 | 26.16 | 13.4 | 29.45 | 29.69 | 36.45 | -57.01 | 31.84 | 29.81 | 42.37 | -11.89 |
| Net Profit | 2.75 | 2.89 | 3.98 | 7.56 | 3.1 | 3.15 | 2.65 | -1.87 | 3.05 | 3.78 | 1.85 | 4.14 |
| EPS in Rs | 0.03 | 0.03 | 0.04 | 0.08 | 0.03 | 0.03 | 0.03 | -0.02 | 0.03 | 0.04 | 0.02 | 0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 833 | 736 | 526 | 481 | 525 | 582 | 623 | 650 | 620 | 683 |
| Expenses | 1112 | 638 | 471 | 431 | 456 | 573 | 630 | 607 | 691 | 680 |
| Operating Profit | -279 | 98 | 55 | 50 | 70 | 10 | -7 | 43 | -71 | 3 |
| OPM % | -33 | 13 | 10 | 10 | 13 | 1.6 | -1.2 | 7 | -11 | 0.5 |
| Other Income | 685 | 232 | 75 | 50 | 18 | 73 | 95 | 46 | 142 | 68 |
| Interest | 143 | 203 | 91 | 46 | 38 | 33 | 38 | 33 | 27 | 19 |
| Depreciation | 58 | 93 | 16 | 29 | 30 | 29 | 29 | 33 | 36 | 36 |
| Profit before tax | 205 | 34 | 23 | 25 | 20 | 21 | 21 | 22 | 9 | 17 |
| Tax % | 11 | 41 | 30 | 47 | -28 | 28 | 24 | 22 | 19 | 24 |
| Net Profit | 182 | 20 | 16 | 13 | 26 | 15 | 16 | 17 | 7 | 13 |
| EPS in Rs | 1.8 | 0.2 | 0.17 | 0.14 | 0.27 | 0.16 | 0.16 | 0.18 | 0.07 | 0.13 |
| Dividend Payout % | 3 | 25 | 30 | 37 | 19 | 32 | 31 | 28 | 69 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 |
| Reserves | 4907 | 4929 | 1062 | 1520 | 1543 | 1271 | 908 | 919 | 782 | 793 |
| Borrowings | 3741 | 3843 | 468 | 342 | 299 | 328 | 282 | 213 | 156 | 127 |
| Other Liabilities | 1079 | 1115 | 606 | 606 | 568 | 602 | 732 | 830 | 786 | 840 |
| Total Liabilities | 9825 | 9985 | 2234 | 2566 | 2507 | 2298 | 2020 | 2059 | 1822 | 1857 |
| Fixed Assets | 1956 | 1897 | 399 | 902 | 950 | 907 | 897 | 882 | 969 | 956 |
| CWIP | 4211 | 5121 | 68 | 84 | 22 | 21 | 15 | 14 | 10 | 11 |
| Investments | 1387 | 379 | 106 | 100 | 100 | 99 | 3 | 3 | 1 | 0 |
| Other Assets | 2271 | 2587 | 1661 | 1480 | 1436 | 1271 | 1105 | 1160 | 843 | 891 |
| Total Assets | 9825 | 9985 | 2234 | 2566 | 2507 | 2298 | 2020 | 2059 | 1822 | 1857 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 108 | 105 | 215 | 92 | 33 | -4 | 68 | 85 | 79 | 75 |
| Cash from Investing Activity | 369 | -110 | 232 | -13 | 10 | -12 | -1 | -18 | -2 | -11 |
| Cash from Financing Activity | -461 | -30 | -469 | -40 | -84 | 15 | -64 | -72 | -73 | -64 |
| Net Cash Flow | 15 | -35 | -21 | 39 | -42 | -1 | 4 | -5 | 4 | 0 |
| Free Cash Flow | -194 | -801 | 158 | 66 | 18 | -17 | 75 | 76 | 66 | 55 |
| CFO/OP | -39 | 110 | 401 | 190 | 53 | 5 | -937 | 202 | -114 | 2304 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 91 | 122 | 145 | 49 | 46 | 53 | 62 | 76 | 80 | 64 |
| Inventory Days | — | — | — | — | — | — | — | — | — | 102 |
| Days Payable | — | — | — | — | — | — | — | — | — | 1953 |
| Cash Conversion Cycle | 91 | 122 | 145 | 49 | 46 | 53 | 62 | 76 | 80 | -1786 |
| Working Capital Days | 205 | -7 | 102 | -28 | 37 | 1 | -41 | -15 | -48 | -67 |
| ROCE % | 0 | 2 | 2 | 4 | 3 | 3 | 4 | 4 | 3 | 3 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 59.49% | 59.49% | 59.47% | 59.47% | 59.47% | 59.47% | 59.47% | 59.36% | 59.33% | 59.33% | 59.33% | 59.15% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% | 0.13% | 0.12% |
| DIIs | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 2.59% | 3.71% | 5.28% | 6.01% | 6.35% | 6.4% | 6.42% | 6.56% | 6.6% | 6.57% | 6.62% | 6.81% |
| Others | 37.79% | 36.68% | 35.12% | 34.39% | 34.05% | 34.01% | 33.98% | 33.96% | 33.95% | 33.85% | 33.8% | 33.8% |
| No. of Shareholders | 41049 | 59233 | 92956 | 98434 | 113133 | 114482 | 114196 | 113656 | 111928 | 109085 | 107524 | 106810 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.21 | Sell |
| EMA (10) | 7.18 | Sell |
| SMA (20) | 7.19 | Sell |
| EMA (20) | 7.21 | Sell |
| SMA (50) | 7.3 | Sell |
| EMA (50) | 7.39 | Sell |
| SMA (100) | 7.98 | Sell |
| EMA (100) | 7.82 | Sell |
| SMA (200) | 8.66 | Sell |
| EMA (200) | 8.75 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.85 | Neutral |
| MACD (12,26,9) | -0.05 | Sell |
| Stochastic (14,3,3) | 32.95 | Neutral |
| ADX (14) | 26.09 | Buy |
| Williams %R (14) | -65.52 | Neutral |
| ATR (14) | 0.32 | High Volatility |
| ROC (12) | 0.42 | Buy |
| Stoch RSI (14) | 38.45 | Neutral |
| UO (7,14,28) | 40.9 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 12 Sep - NSE and MSE levied Rs.1.53 lakh fine for delayed June 2026 results filing. | [Delay/default in the payment of fines/penalties/dues etc. to authority 12 Sep - NSE and MSE levied Rs.1.53 lakh fine for delayed June 2026 results filing.](https://nsearchives.nseindia.com/corporate/DPSCLTD_12092026151935_IntimationofimpositionoffineunderReg30ofSEBI_LODR__12092026.pdf) |
| 12 Sep - NSE and MSE fined India Power Rs.3.06 lakh for delayed June 2026 financial results. | [Corporate Insolvency Resolution Process 12 Sep - NSE and MSE fined India Power Rs.3.06 lakh for delayed June 2026 financial results.](https://nsearchives.nseindia.com/corporate/DPSCLTD_12092026152931_IntimationofimpositionoffineunderReg30ofSEBI_LODR__12092026.pdf) |
| 11 Sep - 7th CoC meeting held on 11 September 2026; approved SAM as legal counsel, e-voting pending. | [Corporate Insolvency Resolution Process 11 Sep - 7th CoC meeting held on 11 September 2026; approved SAM as legal counsel, e-voting pending.](https://nsearchives.nseindia.com/corporate/DPSCLTD_11092026145518_IntimationofOutcomeof7thCoCMeetingunderReg30ofLODR_11092026.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_10092026151444_Intimationof7thCoCMeetingunderReg30ofLODR10092026.pdf) |
| 2026-09-02 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_02092026201732_IntimationofNewspaperPublicationsofForm_G02092026.pdf) |
| 2026-09-02 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DPSCLTD_02092026201917_IntimationofNewspaperPublicationsofForm_G02092026.pdf) |
| 2026-09-01 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_01092026202004_IntimationofOutcomeof6thCoCMeetingunderReg30ofLODR01092026.pdf) |
| 2026-09-01 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_01092026202313_IntimationofOutcomeoftheVotingResultsunderReg30ofLODR01092026.pdf) |
| 2026-08-30 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_30082026171746_Intimationof6thCoCMeetingunderReg30ofLODR30082026.pdf) |
| 2026-08-27 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_27082026131303_IntimationofoutcomeoftheAdjourned5thCOCMeetingtoSE_27082026.pdf) |
| 2026-08-26 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_26082026211317_IntimationoftheVotingResultsunderReg30ofLODR26082026.pdf) |
| 2026-08-24 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_24082026213702_Intimationofpostponmentof5thCOCMeetingtoSE24082026.pdf) |
| 2026-08-22 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/DPSCLTD_22082026222124_Intimationof5thCoCMeetingunderReg30ofLODR22082026.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DPSCLTD_30052026192938_OutcomeoftheManagementMeeting_30052026-1.pdf) |
| 2026-04-16 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DPSCLTD_16042026175100_IntimationofReappointmentofIDunderReg30ofSEBI_LODR_16042026.pdf) |
| 2026-02-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DPSCLTD_13022026200826_OutcomeoftheBoardMeeting_13022026.pdf) |
| 2026-02-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DPSCLTD_13022026200236_OutcomeoftheBoardMeeting_13022026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27695_DPSCLTD_2024_2025_A_9809822_26082025130022.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25781_DPSCLTD_2023_2024_0509202412286.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23159_DPSCLTD_2022_2023_31082023190000_08312023200000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20867_DPSCLTD_2021_2022_26082022165700_08262022170017.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18968_DPSCLTD_2020_2021_27082021163812_08272021211520.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17577_DPSCLTD_2019_2020_07092020221454_07092020230005.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_14927_DPSCLTD_2018_2019_17072019131545.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13532_DPSCLTD_2017_2018_22092018175448.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11078_DPSCLTD_2016_2017_12082017170830.zip) |
| from nse | [Annual Report 2016 from nse](https://archives.nseindia.com/annual_reports/AR_9638_DPSCLTD_2015_2016_12092016120800.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:40:03.432Z.