- NTPC Ltd is an Indian power generation company with a market capitalization of Rs. 141821.98 crores.
- In the quarter ending June 2011, NTPC reported a 9.11% decline in quarterly profit to Rs. 2075.78 crores, while year-to-date profit grew 7.15% to Rs. 9352.59 crores.
- The document provides a detailed financial analysis of NTPC including income statements, balance sheets, ratio analysis, and valuation metrics to analyze the company's performance and valuation.
Arête is the operator of a gas gathering system and is in the process of buying oil and gas properties in the Rocky Mountain Region of the United States.
The Company is pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arête, or entities created by Arête, will have ownership interests in the revenue streams, which can be securitized and collateralized either equity or private debt holders. For additional information on the Company visit our website at http://areteindustries.com/
Ante5 Oil & Gas Research Report (8/9/2011)The WSR Group
Ante5, Inc. is an oil and gas exploration and production company based in Minnetonka, Minnesota. Ante5’s focus is the Williston Basin Bakken and Three Forks trend in North Dakota and Montana. Ante5 controls over 10,000 net mineral acres in North Dakota.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Ntpc ltd
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COMPANY FINALYTICS
NTPC Ltd
Exclusive Financial Analysis of Indian Companies
Prepared and Edited By‐
Tanay Roy, CFA
Peu Karak, MBA
Disclaimer
The information, opinions, estimates and forecasts contained in this document have been arrived at or obtained from public sources believed
to be reliable and in good faith which has not been independently verified and no warranty, express or implied, is made as to their accuracy,
completeness or correctness.
For more information about this sample and our other services, please write to tanay.roy2008@gmail.com
Monday, September 19, 2011
2. Description Page
Summary 3
Latest Result 3
Valuation Matrix 3
ROE Analysis 3
Income Statement 4
Balance Sheet 5
Cashflow Statement 6
Quarterly Result 6
Growth Analysis 7
Comparative Analysis 8
Income Statement 8
Balance Sheet 8
Index Analysis 9
Income Statement 9
Balance Sheet 9
Ratio Analysis 10
Annual 10
Quarterly 11
TTM Analysis 11
Technical Analysis 12
CONTENT
About Tanay & Peu
Our passion lies in the field of financial research & Investment management and we intend to apply
our knowledge gained over a period of years through intense study and keen observation of the
nuances of financial markets and instruments to real life scenarios. We possess expert knowledge of
financial products and markets as evidenced by top notch qualifications earned by us , all in the first
attempt and keep ourselves abreast with the latest happenings and innovations taking place in
financial landscape.
1. Expertise in Portfolio Management, Product optimization, Product performance Analysis, Financial
Reporting/ Planning, Cash Flow Analysis, Ratio Analysis, Budgeting, Forecasting, Mergers &
Acquisition and knowledge of GAAP/ IFRS
2. Possess Strong Financial Modeling skills including DCF, LBO and other techniques. Possess ability to
research all asset classes in a broad range of industries and geographies.
3. Strong equity research, finance, accounting and advisory and assurance experience
4. Expertise in Technical analysis, fundamental analysis, developing trading systems.
5. Conduct in‐depth financial analysis of company financials.
6. Write analytical or trend based reports on companies, sectors or markets.
7. Expert level application in Bloomberg, Thomson Banker, Factset, Datastream, StockVal, Merger
markets, Reuters Knowledge, Haver Analytics, Factiva, PackHedge,
8. Building Excel/VBA based customized tools to perform detailed analysis.
Contact Us: tanay.roy2008@gmail.com
Page 2
3. Summary
At a Glance
Latest Results Industry Power ‐ Generation/Distribution
Yearly Quarterly TTM Business Group Public Sector
March ' 11 Growth June ' 11 Growth June ' 11 Growth Face Value 10
Latest Results
Number of Equity shares 82454.64
EBDITA 15122.55 (1.15) 3862.64 (9.11) 18527.39 1.60
Reported Net
Profit 9352.59 7.15 2075.78 (25.38) 9336.48 2.57 Price 172
Adjusted PAT 7974.61 3.84 2075.78 (25.38) NA NA
Market Cap(Rs. In Cr) 141821.98
Valuation Matrix Share Holding
Other
Annual TTM Ratio 2% General
Particulars March ' 11 March ' 11 FII Public
BFI
MF 7% 4% 2%
1%
Reported P/E 15.58 15.58
Price/Sales Per Share 2.58 2.43
Price/ Book Value 2.07 NA
Dividend Yield 0.02 NA
Earning Yield 0.06 0.06
Market Cap(Rs. In Cr) 141821.98 Promote
r
85%
ROE Analysis
ROE
Particulars March ' 07 March ' 08 March ' 09 March ' 10 March ' 11 15%
Reported PAT / PBT 0.78 0.72 0.84 0.81 0.88 14%
Adjusted PAT / PBT 0.75 0.71 0.74 0.75 0.75 13%
PBT / PBIT 0.81 0.84 0.85 0.85 0.84 12%
PBIT / Sales 0.33 0.33 0.27 0.27 0.23 11%
Sales / Total Assets 0.39 0.39 0.40 0.41 0.44 March ' March ' March ' March ' March '
07 08 09 10 11
Total Assets / Net Worth 1.74 1.74 1.77 1.77 1.83
Reported ROE 14% 14% 14% 13% 14% Reported ROE Adjusted ROE
Adjusted ROE 14% 13% 12% 12% 12%
ROE Factors
2.00 14%
1.80 14%
1.60 14%
1.40 14%
1.20
13%
1.00
13%
0.80
0.60 13%
0.40 13%
0.20 13%
0.00 12%
March ' 07 March ' 08 March ' 09 March ' 10 March ' 11
Reported ROE Reported PAT / PBT PBT / PBIT
PBIT / Sales Sales / Total Assets Total Assets / Net Worth
Page 3
4. Income Statement
Particulars (Rs. In Cr) March ' 07 March ' 08 March ' 09 March ' 10 March ' 11
Net Sales 32631.70 37091.00 41975.20 46377.70 54938.68
Operating Expenses
Material Consumed 23.70 26.80 31.00 31.10 31.33
Manufacturing Expenses 20790.50 23080.70 28232.30 30785.70 37069.51
Personnel Expenses 1362.60 2229.30 2897.60 2946.80 3395.27 Operating Income
Selling Expenses 57.70 45.00 57.50 65.10 174.22
60000.00
Adminstrative Expenses 656.00 726.80 851.10 977.60 2676.34
Expenses Capitalised (418.40) (544.70) (637.40) (866.90) (1052.98) 50000.00
Total Operating Expenses 22472.10 25563.90 31432.10 33939.40 42293.69
40000.00
Operating Profit 10159.60 11527.10 10543.10 12438.30 12644.99
Other Income 2760.90 2957.60 3307.00 2859.60 2477.56 30000.00
EBDITA 12920.50 14484.70 13850.10 15297.90 15122.55
20000.00
Depreciation 2075.40 2138.50 2364.50 2650.10 2485.69
Other Write offs 9.90 3.10 3.60 4.30 4.50
10000.00
EBIT 10835.20 12343.10 11482.00 12643.50 12632.36
Interest 2055.70 1982.20 1737.00 1861.90 2027.21 0.00
EBT 8779.50 10360.90 9745.00 10781.60 10605.15 March March March March March
' 07 ' 08 ' 09 ' 10 ' 11
Income Tax 2163.70 2994.20 2554.70 2682.70 2630.54
Adjusted PAT 6615.80 7366.70 7190.30 8098.90 7974.61 Net Sales Operating Profit EBDITA
Non Recurring Items 114.70 162.10 (294.20) 13.20 47.92
Other Non Cash adjustments 134.20 (114.00) 1305.20 616.10 1330.06
Reported Net Profit 6864.70 7414.80 8201.30 8728.20 9352.59
Equity Dividend 2638.50 2885.90 2968.30 3133.20 3133.26
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Dividend Tax 389.60 490.50 501.70 527.60 514.77
Retained Earnings 3836.60 4038.40 4731.30 5067.40 5704.56
Profit Levels Total Income Break‐up
18000.00
Total Operating Expenses Depreciation
16000.00 Other Write offs Interest
14000.00 Income Tax Adjusted PAT
12000.00
10000.00
8000.00 14%
6000.00 5%
4000.00 3%
0%
4%
2000.00
0.00
March ' 07 March ' 08 March ' 09 March ' 10 March ' 11 74%
Operating Profit EBDITA EBIT
EBT Adjusted PAT
Page 4
5. Balance Sheet
Particulars (Rs. In Cr) March ' 07 March ' 08 March ' 09 March ' 10 March ' 11
SOURCES OF FUNDS
Owner's Fund
Equity Share Capital 8245.50 8245.50 8245.50 8245.50 8245.46
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 40351.30 46021.90 50749.40 55478.60 60138.66
Total Owners fund 48596.80 54267.40 58994.90 63724.10 68384.12
Loan Funds
Secured Loans 7479.60 7314.70 8969.60 9079.90 9910.68
Unsecured Loans 17661.50 19875.90 25598.20 28717.10 33277.56
Total Loan fund 25141.10 27190.60 34567.80 37797.00 43188.24
Capital Structure
Total 73737.90 81458.00 93562.70 101521.10 111572.36
80000.00
USES OF FUNDS
Fixed Assets 70000.00
Gross Block 50604.20 53368.00 62353.00 66663.80 72583.94
Less : Revaluation Reserve 0.00 0.00 0.00 0.00 0.00 60000.00
Less : Accumulated
Depreciation 25079.20 27274.30 29415.30 32088.80 33519.19 50000.00
Net Block 25525.00 26093.70 32937.70 34575.00 39064.75
Capital Work‐in‐progress 16962.30 22478.30 26404.90 32290.60 38441.84 40000.00
Investments 16094.30 15267.20 13983.50 14807.10 12344.84
30000.00
Net Current Assets
Current Assets, Loans &
20000.00
Advances 25858.80 30527.80 30925.30 30815.70 35396.79
Less : Current Liabilities &
10000.00
Provisions 10702.50 12909.00 10688.70 10967.30 13675.86
Total Net Current Assets 15156.30 17618.80 20236.60 19848.40 21720.93
0.00
Miscellaneous expenses not
written 0.00 0.00 0.00 0.00 0.00 March ' March ' March ' March ' March '
Total 73737.90 81458.00 93562.70 101521.10 111572.36 07 08 09 10 11
Note :
Total Owners fund Total Loan fund
Book Value of Unquoted
Investments 18008.20 15453.10 13785.00 14795.10 12332.84
Market Value of Quoted
Investments 316.40 304.30 275.50 133.60 100.92
Contingent liabilities 25218.80 29361.80 66083.20 40044.00 33227.29
Number of Equity shares
outstanding (in Lacs) 82454.64 82454.64 82454.64 82454.64 82454.64
Sources of Capital Application of capital
Total Net
Current Assets
20%
Total Loan Investments Net Block
fund 11% 35%
39%
Total Owners
fund Capital Work‐
61% in‐progress
34%
Page 5
6. Cash Flow Statement
Particulars (Rs. In Cr) March ' 07 March ' 08 March ' 09 March ' 10 March ' 11
Profit Before Tax 8896.50 10529.40 9467.80 10807.60 10410.88
Net CashFlow‐Operating
Net Cash Flow
Activity 8065.30 10171.10 9688.10 10594.20 11095.20
Net Cash Used In Investing
Activity (3145.80) (6203.80) (7500.40) (10497.70) (7658.85)
NetCash Used in Fin. Activity
(76.30) (2348.70) (849.30) (1908.60) (1710.57) 8065.30
Net Inc/Dec In Cash And 10171.10 9688.10 10594.20 11095.20
Equivlnt 4843.20 1618.60 1338.40 (1812.10) 1725.78
Cash And Equivalnt Begin of
(3145.80) (6203.80)
Year 8471.40 13314.60 14933.20 16271.60 14459.48 (7500.40) (10497.7 (7658.85)
(76.30) 0)
Cash And Equivalnt End Of
(2348.70) (849.30) (1710.57)
Year 13314.60 14933.20 16271.60 14459.50 16185.26 (1908.60)
Net CashFlow‐Operating Activity
Net Cash Used In Investing Activity
NetCash Used in Fin. Activity
Quarterly Result
September '
Particulars (Rs. In Cr) June ' 10 10 December ' 10 March ' 11 June ' 11
Sales 13,302.55 15,113.82 13,963.81 15,979.52 14,524.23
Less: Excise 0.00 0.00 0.00 0.00 0.00
Net Sales 13,302.55 15,113.82 13,963.81 15,979.52 14,524.23
Profit Levels
Other Income 226.87 253.54 202.09 205.56 643.66
Total Income 13,529.42 15,367.36 14,165.90 16,185.08 15,167.89
Stock Adjustment 0.00 0.00 0.00 0.00 0.00
Raw Material 0.00 0.00 0.00 0.00 0.00
Power And Fuel 8,702.31 8,607.27 8,338.64 9,725.56 9,749.82
Employee Expenses 683.82 709.18 688.52 708.19 690.72
Admin And Selling Expenses 0.00 0.00 0.00 0.00 0.00
Research And Devlopment Expe 0.00 0.00 0.00 0.00 0.00
Expenses Capitalised 0.00 0.00 0.00 0.00 0.00
Other Expeses 571.63 662.77 630.99 982.47 864.71
Total Expenses 9,957.76 9,979.22 9,658.15 11,416.22 11,305.25
EBDITA 3,571.66 5,388.14 4,507.75 4,768.86 3,862.64
Provisions Made 0.00 1,262.67 5.39 283.98 0.01
Depreciation 682.72 506.28 598.55 698.14 641.13
EBIT 2,888.94 3,619.19 3,903.81 3,786.74 3,221.50
Interest 535.75 590.20 493.18 529.95 374.35
EBT 2,353.19 3,028.99 3,410.63 3,256.79 2,847.15
Taxation 511.30 921.61 1,039.15 474.95 771.37
Net Profit / Loss 1,841.89 2,107.38 2,371.48 2,781.84 2,075.78
Extra Ordinary Item 0.00 0.00 0.00 0.00 0.00 EBDITA EBIT
Prior Year Adjustments 0.00 0.00 0.00 0.00 0.00
EBT Net Profit / Loss
Page 6