Power Finance Corp. Ltd.

Power Finance Corp. Ltd.

C&H / RB Pattern: Yearly Basis
Price BreakOut. Good to Go!!!
Continued Vol. BuiltUp.

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot:*
Estab. in 1986: A GOI owned NBFC to finance Power Sector.
GOI hold 56% stake. Increasing FII/DII stake since Sep’22. Also owns 53% stake in REC Ltd.
Improved RoA/RoE/RoCE for FY22 vs. FY21. Manageable ALM. High Dividend Yield Stock.
Past 1 Yr: Resolved 5 Stressed Assets = Rs.59.6bn.
Improved GNPAs / NPAs: 4.2% / 1.2%. CAR / Tier I CAR: 24.41% / 21.34% (Dec’22)
O/s loan book Exposure: Rs.3933 Bn (Dec’22).

*Concern:*
Major concentration: Power sector.
Higher haircut with delayed resolution.
Slower than anticipated demand pick-up in project financing.

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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