Jaiprakash Power Ventures Ltd (NSE: JPPOWER): A rise of 6.87% was seen in the share price of JP Power in the last 5 days. It was trading in the price range of ₹18.20 to ₹19.35 between 14th May to 16th May, but a sudden rise was seen on last Friday trading session and the share price reached to ₹20.40 in the mid.
Reason of Surge in the Share Price
An environment of extreme bullishness is observed in companies as soon as they release their quarterly results. Jaiprakash Power shares experienced a similar Price surge when its March Quarterly Results were released and the stock began to rise once more and touched ₹20.40 during that period.
Impressive Returns
Considering its 52-week low of ₹5.55 and 52-week high ₹24, the share has performed extremely well with return more than 250% to its investors within the last one year.The year-to-date return of this company has been impressive as the share has yielded around 40% return this year. If you look at the share performance over the long period, you can see the share has given around 680% return over the last 5 years which shows the potential of the company.
March Quarterly Results
The total net profit of Jaiprakash Power Ventures Ltd during the March quarter stood at Rs 588.79 crore. The primary cause of the company’s higher profit is increase in income.
As per the report submitted to the stock exchange, the company had a net loss of approximately Rs 43.99 crore but in the recent Quarter the overall income of the company Rose to Rs 1,863.63 crore.
In the January to March quarter of 2022–2023 it stood at Rs 1,385.41 while it was Rs 1,385.41 crore in the corresponding period of the previous year. However, the consolidated net profit rose to Rs 1,021.95 crore for the financial year 2023–2024.
Jaiprakash Power Ventures Ltd Fundamental Analysis
| Market Cap | ₹ 13,645.20 Crore |
| 52 Week High/Low | ₹24.00/₹05.55 |
| Face Value | ₹10.00 |
| Book Value | ₹16.73 |
| ROE | 0.53% |
| ROCE | 7.76% |
| P/B Ratio | 1.19 |
| P/E Ratio | 10.00 |
| Dividend Yield | 0.00% |
| EPS | ₹1.49 |
| Sector PE | 22.46 |
Jaiprakash Power Ventures Ltd Share Holding Pattern
| Month | Promoters | FIIs | DIIs | Public Holding |
| Mar-24 | 24 | 6.06 | 18.57 | 51.37 |
| Dec-23 | 24 | 5.14 | 20.55 | 50.31 |
| Sep-23 | 24 | 4.65 | 21.71 | 49.63 |
| Jun-23 | 24 | 4.7 | 22.33 | 48.97 |
| Mar-23 | 24 | 4.96 | 22.26 | 48.78 |
JP Power Financial Condition
| Profit/Loss | Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 |
| Sales | 3,284 | 3,302 | 4,625 | 5,787 | 6,763 |
| Expenses | 2,396 | 2,144 | 3,512 | 4,666 | 4,527 |
| Operating Profit | 887 | 1,157 | 1,113 | 1,121 | 2,236 |
| OPM % | 27% | 35% | 24% | 19% | 33% |
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