DPSCLTD

DPSC Limited

DPSC Limited (DPSCLTD) financial statements and selected valuation metrics through 31 March 2026.

Utilities›Power›Power›Integrated Power Utilities

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Key metrics

Price as of 2026-10-16

Stock price
₹5.86
Market cap
571 Cr
Stock P/E
44.2
P/B
0.64
Dividend yield
0.4%
ROE (FY26)
1.4%
ROCE (FY26)
3.5%
Operating margin (FY26)
-4.7%
Debt / equity (FY26)
0.14

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

A West Bengal electricity generator and distributor that supplies power around Asansol-Raniganj, mostly to industrial and commercial customers, and is now in court-ordered insolvency proceedings.

Company snapshot

6thBy market cap

Ranked among 6 companies in Integrated Power Utilities.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 97.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Non Regulated Operation
6.5%
10 Cr0.24 Cr646 Cr
Regulated Operation
97.0%
154 Cr10 Cr1,519 Cr

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.14x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 1.9% — little room for error if costs rise.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Sales178 Cr172 Cr145 Cr171 Cr176 Cr161 Cr159 Cr150 Cr164 Cr198 Cr155 Cr166 Cr
Operating expenses (approx.)163 Cr159 Cr131 Cr154 Cr164 Cr149 Cr150 Cr228 Cr158 Cr191 Cr162 Cr169 Cr
EBITDA15 Cr13 Cr14 Cr17 Cr12 Cr12 Cr9 Cr-78 Cr6 Cr7 Cr-6 Cr-3 Cr
OPM %8.3%7.6%9.8%9.7%7.0%7.4%5.4%-52.0%3.5%3.4%-4.1%-1.7%
Other income7 Cr8 Cr7 Cr7 Cr9 Cr8 Cr5 Cr89 Cr4 Cr3 Cr4 Cr5 Cr
Interest10 Cr8 Cr8 Cr7 Cr8 Cr7 Cr6 Cr6 Cr4 Cr4 Cr4 Cr6 Cr
Depreciation8 Cr8 Cr8 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr
Profit before tax4 Cr4 Cr5 Cr9 Cr4 Cr4 Cr4 Cr-4 Cr4 Cr5 Cr3 Cr4 Cr
Tax %29.9%29.7%26.3%13.4%29.4%29.7%36.6%57.1%31.7%29.9%42.4%-12.0%
Net profit3 Cr3 Cr4 Cr8 Cr3 Cr3 Cr3 Cr-2 Cr3 Cr4 Cr2 Cr4 Cr
EPS (₹)₹0.02₹0.02₹0.03₹0.05₹0.02₹0.02₹0.02₹0.01₹0.02₹0.02₹0.01₹0.03

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales———504 Cr512 Cr632 Cr692 Cr666 Cr652 Cr683 CrSign in free for the trailing twelve months
Operating expenses (approx.)———430 Cr442 Cr573 Cr629 Cr607 Cr691 Cr680 CrSign in free for the trailing twelve months
EBITDA———74 Cr70 Cr59 Cr62 Cr59 Cr-40 Cr3 CrSign in free for the trailing twelve months
OPM %———14.7%13.7%9.4%9.0%8.8%-6.1%0.5%Sign in free for the trailing twelve months
Other income———26 Cr18 Cr24 Cr27 Cr29 Cr111 Cr16 CrSign in free for the trailing twelve months
Interest———46 Cr38 Cr33 Cr38 Cr33 Cr27 Cr19 CrSign in free for the trailing twelve months
Depreciation———29 Cr30 Cr29 Cr29 Cr33 Cr36 Cr36 CrSign in free for the trailing twelve months
Profit before tax———25 Cr20 Cr21 Cr21 Cr22 Cr9 Cr17 CrSign in free for the trailing twelve months
Tax %———47.0%-28.4%27.7%24.2%22.5%19.1%23.5%Sign in free for the trailing twelve months
Net profit———13 Cr26 Cr15 Cr16 Cr17 Cr7 Cr13 CrSign in free for the trailing twelve months
EPS (₹)———₹0.08₹0.17₹0.10₹0.10₹0.11₹0.04₹0.08Sign in free for the trailing twelve months
Dividend payout %————8.7%14.9%14.4%13.3%-32.6%-17.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital97 Cr97 Cr97 Cr97 Cr97 Cr97 Cr158 Cr158 Cr158 Cr97 Cr
Reserves4,907 Cr4,929 Cr1,062 Cr1,520 Cr1,035 Cr781 Cr848 Cr859 Cr722 Cr733 Cr
Borrowings3,540 Cr3,426 Cr414 Cr295 Cr——282 Cr213 Cr156 Cr127 Cr
Other liabilities1,079 Cr1,332 Cr660 Cr653 Cr1,375 Cr1,420 Cr732 Cr830 Cr786 Cr840 Cr
Total liabilities9,825 Cr9,985 Cr2,234 Cr2,566 Cr2,507 Cr2,298 Cr2,020 Cr2,059 Cr1,822 Cr1,857 Cr
Fixed assets (net)1,920 Cr1,840 Cr397 Cr900 Cr——896 Cr881 Cr968 Cr955 Cr
CWIP4,211 Cr5,121 Cr68 Cr84 Cr——15 Cr14 Cr10 Cr11 Cr
Investments1,387 Cr379 Cr106 Cr100 Cr——3 Cr3 Cr0.67 Cr0.05 Cr
Loans & advances——————40 Cr80 Cr35 Cr35 Cr
Inventories84 Cr74 Cr10 Cr7 Cr——10 Cr9 Cr14 Cr11 Cr
Trade receivables208 Cr246 Cr209 Cr65 Cr——106 Cr136 Cr136 Cr146 Cr
Cash & bank62 Cr27 Cr6 Cr45 Cr——6 Cr0.60 Cr4 Cr4 Cr
Other assets1,954 Cr2,298 Cr1,438 Cr1,365 Cr2,507 Cr2,298 Cr944 Cr936 Cr654 Cr695 Cr
Total assets9,825 Cr9,985 Cr2,234 Cr2,566 Cr2,507 Cr2,298 Cr2,020 Cr2,059 Cr1,822 Cr1,857 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity108 Cr105 Cr215 Cr92 Cr33 Cr-5 Cr68 Cr85 Cr124 Cr55 Cr
Cash from investing-1,068 Cr-110 Cr243 Cr-2 Cr10 Cr-11 Cr-0.55 Cr-18 Cr28 Cr34 Cr
Cash from financing-461 Cr-30 Cr-469 Cr-51 Cr-84 Cr15 Cr-64 Cr-72 Cr52 Cr65 Cr
Net cash flow-1,421 Cr-35 Cr-11 Cr39 Cr-42 Cr-0.95 Cr4 Cr-5 Cr204 Cr154 Cr
Free cash flow (OCF − Capex)-194 Cr-801 Cr157 Cr66 Cr10 Cr-21 Cr58 Cr72 Cr124 Cr55 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %———3.7%5.1%6.2%4.6%4.5%3.5%3.5%
ROE %———0.8%2.3%1.8%1.6%1.7%0.8%1.4%
Debtor days———47——56757678
Inventory days———5——275211370302
Days payable———72——5795603153285756
Cash conversion cycle———-20——-5464-5745-4882-5376
OCF / EBITDA %———123.9%46.4%-8.9%109.8%144.3%—n.m.
OCF / EBITDA % (3 years)—————58.5%49.8%81.9%342.1%n.m.
Debt / equity0.710.680.360.18——0.280.210.180.14
Current ratio2.221.351.321.04——0.911.010.920.84
Net debt / EBITDA————0.000.004.453.62—36.07