Hello and welcome back to one more interesting article wherein we’ll discuss the PFC share price nse which was analysed earlier and has achieved the target predicted by us in a span of 55 trading sessions.
Let’s check the parameters which helped PFC share price nse to achieve its total target of 22% approximately in 55 trading sessions.
Table of Contents
BUSINESS ANALYSIS FOR TARGET ACHIEVEMENT
The company is trying to enter new markets by entering the segments of e-mobility, utility scale energy storage, etc.
PFC has been awarded with “MAHARATNA” status by the Indian government which will help the company to provide competitive financing for the power sector. The hidden agenda of the government is to provide affordable and reliable “Power for all 24X7”.
The board of Maharatna central public sector enterprise (CPSE) has the authority to make equity investments to take over financial joint ventures and wholly owned subsidiaries. It can also undertake mergers and acquisitions in India and abroad but can capitalise 15% of its networth which is limited to ₹ 5,000 Cr in one project.
PFC has a great opportunity related to business due to the revamped distribution sector scheme with an outlay of ₹ 3,03,758 Cr.
Loan asset book of PFC grew to 9.5% for Q1FY’22 (April-June 2021) which was ₹7,49,373 Cr. In the year ago period {Q1FY’21 (April-June 2020)}the loan asset book value was ₹ 6,84,383 Cr
Reduction in net NPA (Nonperforming assets) i.e., bad loans to 1.80% in Q1 FY ’22 (April-June 2021). In the year ago period the net NPA was 3.15%.
PFC and its subsidiary REC ltd sanctioned ₹ 1,35,537 Cr and disbursed ₹ 79,678 Cr under the Atma Nirbhar Distribution company liquidity support announced by the Government of India.
For the development of Hydro projects, PFC has signed a pact with NHPC Ltd to help with funds.
Power Finance Corporation had a change in the board of management in the form of Rajiv Ranjan Jha who took charge as Director of projects.
The company also raised €300 M in Euro Green Bond issuance which took place for the first time.
FINANCIAL ANALYSIS FOR TARGET ACHIEVEMENT
QUARTERLY RESULTS:
Figures in Rs. Crores
Quarterly Results | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
Sales | 14599 | 15530 | 15873 | 16193 | 16914 | 18158 | 18435 | 18149 | 18965 | 19268 |
Expenses | 613 | 1760 | 780 | 4184 | 1437 | 1641 | 2135 | 1908 | 2093 | 1747 |
Operating Profit | 13986 | 13770 | 15093 | 12009 | 15477 | 16517 | 16300 | 16241 | 16872 | 17521 |
OPM % | 0.96 | 0.89 | 0.95 | 0.74 | 0.92 | 0.91 | 0.88 | 0.89 | 0.89 | 0.91 |
Other Income | 20 | 8 | 12 | 65 | 23 | 18 | 7 | 16 | 11 | 15 |
Interest | 9938 | 10153 | 10264 | 10491 | 10869 | 11240 | 11330 | 11244 | 11313 | 11235 |
Depreciation | 5 | 6 | 6 | 8 | 6 | 6 | 7 | 7 | 7 | 9 |
Profit before tax | 4063 | 3620 | 4834 | 1576 | 4626 | 5289 | 4970 | 5006 | 5564 | 6291 |
Tax % | 0.29 | 0.31 | 0.3 | 0.56 | 0.23 | 0.19 | 0.2 | 0.22 | 0.18 | 0.2 |
Net Profit | 2185 | 1871 | 2597 | 469 | 2683 | 3249 | 2894 | 2922 | 3480 | 3748 |
EPS in Rs | 8.28 | 7.09 | 9.84 | 1.78 | 10.16 | 12.31 | 10.96 | 11.07 | 13.18 | 14.2 |
For the quarter ended 30-09-2021, the company reported a sales of ₹ 19,268 Cr which is an increase of 6% from the sales registered in the year ago period.
Expense has reduced from the previous quarter which is a great sign for the company and also this has not led to reduction in the sales.
In the quarter ended 30-09-21, the net profit also rose to its all-time high of ₹ 3,748 Cr.
BALANCE SHEET:
Reserves have increased exponentially and there is a great interest shown by the investors in PFC share price nse.
In the quarter ended 30-09-21, the company has increased it’s borrowing slightly.
Figures in Rs. Crores
Balance Sheet | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
Share Capital | 1320 | 1320 | 1320 | 2640 | 2640 | 2640 | 2640 | 2640 | 2640 |
Reserves | 26202 | 31091 | 34708 | 34205 | 37194 | 44481 | 46760 | 58127 | 64610 |
Borrowings | 159215 | 187795 | 200660 | 202993 | 441151 | 539488 | 596561 | 659682 | 668077 |
Other Liabilities | 7582 | 8705 | 10531 | 19700 | 41546 | 42260 | 48560 | 55257 | 56783 |
Total Liabilities | 194320 | 228912 | 247220 | 259537 | 522531 | 628869 | 694521 | 775707 | 792111 |
Fixed Assets | 72 | 102 | 198 | 296 | 161 | 196 | 238 | 341 | 684 |
CWIP | 1 | 2 | 47 | 105 | 129 | 199 | 288 | 336 | 27 |
Investments | 27 | 528 | 2230 | 3145 | 5493 | 4604 | 4404 | 3499 | 3818 |
Other Assets | 194220 | 228280 | 244745 | 255990 | 516749 | 623871 | 689590 | 771530 | 787582 |
Total Assets | 194320 | 228912 | 247220 | 259537 | 522531 | 628869 | 694521 | 775707 | 792111 |
SHARE HOLDING SYNOPSIS
Share Holding | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
Promoters | 59.05 | 59.05 | 56.16 | 55.99 | 55.99 | 55.99 | 55.99 | 55.99 | 55.99 | 55.99 | 55.99 |
FIIs | 16.63 | 17.84 | 19.31 | 18.9 | 18.92 | 17.45 | 16.81 | 17.37 | 17.32 | 17.35 | 17.88 |
DIIs | 18.7 | 17.7 | 19.32 | 20.26 | 20.4 | 21.12 | 20.67 | 20.18 | 19.55 | 19.37 | 13.66 |
Public | 5.63 | 5.41 | 5.22 | 4.85 | 4.68 | 5.43 | 6.53 | 6.45 | 7.14 | 7.28 | 12.47 |
Promoters have maintained their position in this stock with a whopping 55.99%.
FIIs as well as retail investors have increased their stake in this company which is quite interesting.
Now, let’s deep dive into the technicalities of PFC share price nse.
CHART PATTERN ANALYSIS
In the previous analysis, we did highlight the formation of the complex reverse head and shoulder pattern.

Click here for previous analysis on PFC share price nse.
PFC share price target was achieved on 18th Oct 2021 with a target achievement of 22%.
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