Last 261.25 INR
Change Today -12.75 / -4.65%
Volume 4.8M
POWF On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

power finance corporation (POWF) Snapshot

Open
275.10
Previous Close
274.00
Day High
275.15
Day Low
258.05
52 Week High
06/9/14 - 344.75
52 Week Low
08/2/13 - 97.30
Market Cap
344.9B
Average Volume 10 Days
6.7M
EPS TTM
41.38
Shares Outstanding
1.3B
EX-Date
--
P/E TM
6.3x
Dividend
9.00
Dividend Yield
3.75%
Current Stock Chart for POWER FINANCE CORPORATION (POWF)

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power finance corporation (POWF) Details

Power Finance Corporation Limited provides financial products, and related advisory and other services to the power sector in India. The company offers fund based financial policies/products, including asset acquisition; bridge, corporate, short term, and rupee and foreign currency term loans; short/medium term loan to equipment manufacturers; short term loan for SPV; buyer’s line of credit; credit facility for purchase of power through PXI; and direct discounting of bills for buyers and sellers. The fund based financial policies/products also comprise debt refinancing; energy saving projects; fuel supply projects and equipment manufacturers financing; grants/interest free loans for studies/consultancies; lease financing for wind power projects and purchase of equipment; line of credit for import of coal; and solar PV policy to power generation projects and private sector. Its non-fund based products include guarantee, guarantee for credit enhancement, and letter of comfort. The company also offers acquisition advisory services; financing of equipment manufacturing facilities, fuel sources development and distribution projects, and renewable energy sector projects; and consortium lending services. In addition, it provides consultancy services in the areas of procurement of power by distribution licensees through tariff based competitive bidding; execution of ultra mega power projects, independent transmission projects, renewable and non-conventional energy schemes, and coal block JVs; selection of developers for coal blocks and linked power projects; selection of EPC contractors; reform, restructuring, and regulatory aspects; and capacity building and human resource development. The company serves state power utilities, central power sector utilities, power departments, joint sector power utilities, private power sector utilities, including independent power producers, etc. Power Finance Corporation Limited was founded in 1986 and is based in New Delhi, India.

379 Employees
Last Reported Date: 08/28/12
Founded in 1986

power finance corporation (POWF) Top Compensated Officers

Chairman, Managing Director, Director of Comm...
Total Annual Compensation: 4.4M
Director of Finance, Whole Time Director, Mem...
Total Annual Compensation: 3.9M
Director of Projects, Whole-Time Director, Me...
Total Annual Compensation: 1.6M
Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

power finance corporation (POWF) Key Developments

Government Reportedly Plans To Sell Stakes In Firms Managed By Indian Railways

Indian government is planning to sell stake in Steel Authority of India Limited (BSE:500113), NHPC Ltd. (BSE:533098), Oil and Natural Gas Corp. Ltd. (BSE:500312), Power Finance Corporation Limited (BSE:532810), and Rural Electrification Corporation Limited (BSE:532955). The government also plans to divest its stake in certain infrastructure companies of Indian Railways. A source told PTI, “We are in talks with the Railway Board for sale of government equity in certain public sector units (‘PSUs) managed by Indian Railways.” There are about half a dozen companies which are managed by Indian Railways. These include RITES Ltd., Ircon International Limited, Indian Railway Finance Corporation Limited, Indian Railway Catering and Tourism Corporation Ltd., and RailTel Corporation of India Ltd. Since these firms are not listed it is likely that the initial public offer will be accompanied by government offloading its stake. Indian Railways is facing a cash crunch and is looking at various ways to mobilize resources for undertaking its expansion program. According to the news report, the government has already pitched for reforms in Railways by proposing Foreign Direct Investment and Public Private Partnership to meet the resource crunch. The source stated, “The disinvestment will be a part of the government exercise to engage private players in ancillary services as part of overall agenda.” The Finance Ministry plans to raise around INR 434 billion through disinvestment in PSUs in 2014.

Government Asks DoD To Complete Groundwork Related To Stake Sale In Firms

Finance Ministry of India has asked the Department of Disinvestment (DoD) to complete the groundwork for process related to stake sale in state-owned companies. The government is likely to retain the disinvestment target of INR 369.3 billion proposed in the interim budget for 2014-2015 when it presents the final budget in July 2014. Official sources stated, “Current market conditions will offer good valuations for most PSUs. We will push for divestment of PSUs post-budget and we are doing due diligence for the same.” The DoD has identified companies Coal India Limited (BSE:533278), and the Steel Authority of India Limited (BSE:500113) (SAIL) for stake sales in 2014. The government will also proceed with the long-pending sale of its residual stake in Hindustan Zinc Ltd. (BSE:500188) (HZL) and Bharat Aluminium Company Limited (Balco). Other firms for disinvestment include NHPC Ltd. (BSE:533098), Rural Electrification Corporation Limited (BSE:532955) (REC) and Power Finance Corporation Limited (BSE:532810) (PFC). While government is planning to sell 10% stake Coal India and SAIL, the DoD proposes to sell 11.6% stake in NHPC and 5% each in REC and PFC. The disinvestment plan for 2014 was discussed by the DoD and Finance Minister, Arun Jaitley recently and the minister is believed to have asked the department to be ready with the stake-sale proposals. The disinvestment target in 2013 was slashed by about 60% to INR 160.3 billion from INR 400 billion in the revised estimates. The government intends to fetch in INR 150 billion by selling the residual stake in HZL and Balco.

Power Finance Corporation Ltd Expects INR 20 Billion Through Private Placement Bonds

Power Finance Corporation Ltd. announced that it is expecting to garner INR 15 billion to INR 20 billion via private placement of bonds by end of June 2014.

 

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POWF

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Valuation POWF Industry Range
Price/Earnings 5.4x
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 5.4x
TEV/Sales -- Not Meaningful
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