104 DALAL STREET INVESTMENT JOURNAL I JULY 22 - AUG 4, 2019 DSIJ. in^
Financial Review For FY19
Power
Company Name
Market Cap
(` in Cr.)Net Sales (` in Cr.) Operating Profit (Excluding OI) (` in Cr.) Net Income (` in Cr.)
FY19 FY18 FY17 FY19 FY18 FY17 FY19 FY18 FY17H
aving the fifth largest power generation capacity
in the world, India ranks third globally in terms
of electricity production. India’s power sector is
considered to be a very diversified sector as
sources of power generation include
conventional sources such as coal, lignite, natural gas, oil, hydro
and nuclear power and also non-conventional sources such as
wind, solar, and agricultural and domestic waste. The demand
for electricity in the country has been increasing rapidly with
increase in population, manufacturing and business activities.
Electricity production in India reached 108.90 billion units
(BU) in April 2019. As of February 2019, total installed capacity
of power stations in India stood at 350.16 gigawatt (GW).To redefine the power industry outlook, this sector is currently
going through significant changes with the Government of
India focusing on providing power for all with its slogan as
‘One Nation, One Grid’. As of September 2018, a draft
amendment to Electricity Act, 2003 has been introduced which
discusses about separation of content and carriage, direct
benefit transfer of subsidy, 24x7 power supply as an obligation,
penalisation on violation of PPA, setting up smart meters andNTPC 135011.23 95742.03 88083.31 82042.49 24109.51 22420.46 21495.79 11961.38 10056.45 10089.23
Power Grid Corporation Of India 107666.11 35059.12 29953.62 25697.44 30220.54 26116.83 22585.60 12431.57 4771.87 7239.05
Adani Transmission 24756.72 7305.45 3944.48 2875.71 2858.07 2826.01 1983.09 559.20 1142.94 416.43
NHPC 24610.34 8982.87 7755.43 8623.13 4999.91 4272.59 4844.34 1987.13 2656.57 2757.50
Adani Power 24568.70 23884.18 20304.28 22615.51 4953.83 5400.88 5971.65 -984.40 -2073.77 -6174.10
Tata Power Company 19109.22 29558.64 26840.27 27587.59 6356.79 5863.08 5607.36 1279.23 1128.68 -129.20
Torrent Power 14233.47 13150.97 11512.09 10000.10 3199.48 3117.13 2460.30 903.83 952.12 429.79
JSW Energy 11731.29 9137.59 8048.96 8263.43 2853.12 2762.54 3324.36 652.56 134.40 618.45
CESC 10187.67 10664.00 10275.00 13980.00 3387.00 2998.00 3234.00 1129.00 840.00 762.00
SJVN 9647.65 2654.05 2228.50 2679.14 2219.61 1737.94 2158.40 1362.58 1221.57 1541.18
NLC India 8867.54 9870.93 11288.39 11185.73 3509.75 3964.75 4260.95 1537.35 1956.78 3330.23
Adani Green Energy 7569.83 2057.98 868.09 501.65 1471.34 685.58 403.20 -471.49 -64.81 -46.23
PTC India 1956.62 15144.59 12765.74 15310.55 1940.57 1151.46 1389.90 489.75 164.85 505.81
Nava Bharat Ventures 1731.73 3103.46 2347.78 1386.71 1328.07 792.99 173.52 464.79 277.98 92.86
Reliance Infrastructure 1343.88 19279.00 17885.15 24483.47 4063.03 4184.14 5896.53 -4981.19 329.73 1088.98
Jaiprakash Power Ventures 1175.22 3891.62 4876.87 4657.65 1328.98 1524.88 1709.55 -357.06 -1690.34 -1294.69
Reliance Power 1172.54 8201.31 9592.73 10395.65 3929.63 4385.96 4506.47 -2955.91 835.70 1104.16
Gujarat Industries Power Company 1100.35 1407.35 1353.84 1310.56 548.16 482.79 430.36 254.76 244.52 229.25
GVK Power & Infrastructure 903.31 4098.17 3863.21 3516.47 1706.67 1556.15 1156.32 -329.93 31.12 -927.33
BF Utilities 655.61 17.80 14.85 21.25 0.95 3.58 13.85 27.17 15.82 7.30
RattanIndia Power 552.20 1923.62 2054.39 1390.52 550.39 554.62 711.96 -3327.97 -1663.47 -630.56
Orient Green Power Company 418.15 323.28 356.98 379.87 225.96 258.09 274.01 -33.18 -37.15 -84.23
Ravindra Energy 380.42 518.19 417.45 620.66 -200.38 -30.03 1.32 -213.31 -139.74 -1.81