Want to see IN:DPSCLTD full AI Analyst Report?
Top Page
India Power Corp. Ltd.
(DPSCLTD)
Select Model
Select Model
Rating:51Neutral
Price Target:
₹7.00
▼(-2.37% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weakening operating profitability (negative operating margin in FY2026) and a high P/E (~59.5) despite a low dividend yield. Balance-sheet deleveraging and improved free cash flow provide support, but technicals remain weak with the stock trading below major moving averages and a negative MACD.
Positive Factors
Lower Leverage
Sustained deleveraging strengthens the utility’s financial resilience and reduces the burden of interest and refinancing. A substantial equity base and declining debt can preserve capacity to maintain assets, fund opportunities, and withstand variability in operating performance.
Negative Factors
Operating Margin Loss
Severe margin compression and negative operating profit indicate that revenue growth is not currently translating into healthy core earnings. Persistent cost pressure or weak operating economics could limit reinvestment, weaken returns, and make future profitability dependent on non-operating items.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
Sustained deleveraging strengthens the utility’s financial resilience and reduces the burden of interest and refinancing. A substantial equity base and declining debt can preserve capacity to maintain assets, fund opportunities, and withstand variability in operating performance.
Read all positive factors
India Power Corp. Ltd. (DPSCLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.87B
Dividend Yield0.71%
Average Volume (3M)88.64K
Price to Earnings (P/E)59.4
Beta (1Y)1.54
Revenue Growth10.10%
EPS Growth64.96%
CountryIN
Employees396
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.06
Shares Outstanding973,789,600
10 Day Avg. Volume77,186
30 Day Avg. Volume88,641
Financial Highlights & Ratios
PEG Ratio8.19
Price to Book (P/B)1.27
Price to Sales (P/S)1.66
P/FCF Ratio22.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
India Power Corp. Ltd. Business Overview & Revenue Model
Company Description
Established in Kolkata, India, in 1919, India Power Corporation Limited, alongside its affiliated entities, is engaged in the production and provision of electrical energy across India. The company, which was rebranded from DPSC Limited in August ...
How the Company Makes Money
The company primarily makes money by generating electricity at its power plants and selling that electricity to offtakers under commercial arrangements permitted by Indian power regulations. Revenue is generally driven by (a) energy charges tied t...
India Power Corp. Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.83B | 6.20B | 6.50B | 6.23B | 5.47B |
| Gross Profit | 174.09M | 338.87M | 1.54B | -18.26M | -201.47M |
| EBITDA | 717.00M | 714.75M | 880.38M | 890.27M | 830.35M |
| Net Income | 128.14M | 70.30M | 171.82M | 158.36M | 153.89M |
Balance Sheet | |||||
| Total Assets | 18.57B | 18.22B | 20.59B | 20.20B | 22.98B |
| Cash, Cash Equivalents and Short-Term Investments | 314.69M | 407.00M | 205.96M | 121.86M | 46.34M |
| Total Debt | 1.27B | 1.56B | 2.13B | 2.82B | 3.28B |
| Total Liabilities | 9.67B | 9.43B | 10.43B | 10.14B | 9.30B |
| Stockholders Equity | 8.91B | 8.80B | 10.16B | 10.06B | 13.68B |
Cash Flow | |||||
| Free Cash Flow | 510.80M | 611.30M | 716.81M | 580.45M | -205.59M |
| Operating Cash Flow | 737.12M | 761.93M | 846.53M | 682.51M | -53.06M |
| Investing Cash Flow | -151.16M | -97.49M | -178.88M | -5.50M | -109.37M |
| Financing Cash Flow | -589.30M | -628.38M | -718.41M | -636.94M | 152.89M |
India Power Corp. Ltd. Technical Analysis
Negative
7.17
Price Trends
7.28
Negative
7.92
Negative
8.63
Negative
Market Momentum
-0.06
Positive
43.63
Neutral
19.21
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DPSCLTD, the sentiment is Negative. The current price of 7.17 is below the 20-day moving average (MA) of 7.18, below the 50-day MA of 7.28, and below the 200-day MA of 8.63, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.63 is Neutral, neither overbought nor oversold. The STOCH value of 19.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DPSCLTD.
India Power Corp. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹29.24B | 5.72 | ― | 2.21% | 23.78% | 147.63% | |
65 Neutral | ₹187.83B | 12.11 | ― | 8.48% | 8.73% | 12.55% | |
62 Neutral | ₹3.20T | 11.42 | ― | 2.75% | 2.36% | 15.88% | |
56 Neutral | ₹361.70B | 10.84 | ― | 1.99% | 16.85% | 12.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹21.51B | 0.65 | ― | 2.16% | -6.41% | -40.45% | |
51 Neutral | ₹6.87B | 59.36 | ― | 0.71% | 10.10% | 64.96% |
* General Sector Average
IN:DPSCLTD
India Power Corp. Ltd.
7.07
-5.17
-42.24%
IN:CESC
CESC Ltd
141.65
-13.97
-8.98%
IN:GIPCL
Gujarat Industries Power Co. Ltd.
184.55
-2.03
-1.09%
IN:NLCINDIA
NLC India Limited
255.60
2.61
1.03%
IN:NTPC
NTPC Limited
327.00
-0.52
-0.16%
IN:RELINFRA
Reliance Infrastructure Limited
51.64
-219.06
-80.92%
India Power Corp. Ltd. Corporate Events
India Power Schedules Sixth CoC Meeting as Insolvency Process Advances
Aug 30, 2026
India Power Corporation Limited, a listed power sector company formerly known as DPSC Limited, is registered in Kolkata and maintains a central office in Dishergarh, with its shares traded under the symbol DPSCLTD. The business is under a Corporat...
India Power’s Creditors Adjourn Fifth Insolvency Meeting Pending E-Vote Results
Aug 24, 2026
India Power Corporation Limited, a listed power utility engaged in electricity generation and distribution, is currently under a Corporate Insolvency Resolution Process overseen by the National Company Law Tribunal in Hyderabad. The company operat...
India Power CoC Sets Fifth Meeting to Advance Insolvency Resolution Steps
Aug 22, 2026
India Power Corporation Limited has announced that its fifth Committee of Creditors meeting will be held on 24 August 2026 via video conferencing as part of its ongoing Corporate Insolvency Resolution Process. The session follows the Tribunal̵...
India Power updates exchanges on fourth creditors’ meeting under insolvency process
Aug 17, 2026
India Power Corporation Limited has notified the stock exchanges that the fourth meeting of its Committee of Creditors was held on 17 August 2026 as part of the ongoing Corporate Insolvency Resolution Process initiated by the National Company Law ...
India Power Sets Fourth Creditors’ Meeting Under Insolvency Process
Aug 15, 2026
India Power Corporation Limited has notified stock exchanges that the fourth meeting of its Committee of Creditors will be held on 17 August 2026 via video conferencing as part of its ongoing Corporate Insolvency Resolution Process. The meeting wi...
India Power hit by ₹6.65 crore bank guarantee encashment on MSEDCL solar project
Aug 15, 2026
India Power Corporation Limited, a power and renewable energy firm developing a 133 MW solar PV project for MSEDCL, is pursuing growth in utility-scale renewables through subsidiaries such as Parmeshi Urja Limited. The company is under Corporate I...
India Power Faces ₹6.65 Crore Hit as Solar Project Bank Guarantee Invoked
Aug 15, 2026
India Power Corporation Limited has disclosed that Maharashtra State Electricity Distribution Company Limited has invoked and encashed a bank guarantee of ₹6.65 crore related to a 133 MW solar PV project awarded in 2024. The guarantee, backe...
India Power Independent Director Steps Down Amid Insolvency Process
Aug 1, 2026
India Power Corporation Limited, formerly DPSC Limited, is a Kolkata-based power sector company focused on electricity services and infrastructure. The firm is under Corporate Insolvency Resolution Process as ordered by the National Company Law Tr...
India Power Independent Director Steps Down Amid Ongoing Insolvency Process
Aug 1, 2026
India Power Corporation Limited has disclosed that it is under a Corporate Insolvency Resolution Process initiated by the National Company Law Tribunal, Hyderabad Bench-I, with an Interim Resolution Professional in charge of the company. The utili...
India Power Schedules First Creditors’ Meet After Insolvency Admission
Jun 6, 2026
India Power Corporation Ltd. has entered a Corporate Insolvency Resolution Process following an order from the National Company Law Tribunal, Hyderabad Bench I, dated 15 May 2026, and an Interim Resolution Professional has been appointed to overse...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.