Suryachakra Power Corporation Ltd.
Snapshot View

0.81 -0.04 ▼-4.7%

05 August 2021, 04:00:00 P.M.
Volume: 24,612

Overview View Details

Sector Power. Compare with Sector peers
Industry Power Generation/Distribution Compare with Industry peers
Website http://www.suryachakra.in
Financial Indicators
Market Cap 12.12 Cr.
Earnings per share (EPS) -3.84 Trailing Twelve Months Ending 2018-06
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2018-06
Industry PE 16.24 Trailing Twelve Months Ending 2018-06
Book Value / Share Trailing Twelve Months Ending 2018-06
Price to Book Value Calculated using Price: 0.81
Dividend Yield 0.00 Period Ending 2017-03
No. of Shares Subscribed 14.96 Cr. 149,632,960 Shares
FaceValue 10
Company Profile

Suryachakra Power Corporation (SPCL) is the flagship company of Suryachakra Group with interests in Power generation – renewable energy (biomass, Solar, hydro) and coal based, Engineering and Consultancy and Urban infrastructure development activities.

The company is actively engaged in the generation of power in line with the National Policy.The Suryachakra Group is the first company in the private sector to dedicate power plants to the nation at Port Blair, Andaman & Nicobar Islands. The Group is committed to strive for excellence in the field of power generation through sustained leadership in the execution of quality power projects throughout the country. It is our endeavour to put to use the state-of-the-art technology in building highly cost effective power plants.

The company had set up 20 MW power plant in a remote area near Port Blair, in Andaman Islands at a cost of Rs 850 million and dedicated to the nation. The plant is in operation since April 2003. It has already notched up an annual turnover of Rs 1 billion. The company has conducted biomass assessment study and also the Detail Project Report (DPR). The company has also signed a MoU with Malaysian /Indonesian firms for import of woodchips & Empty Fruit Bunches.

Suryachakra had bagged the award to construct and operate a 20 MW Diesel based Power Plant in Andaman & Nicobar Islands by the A & N Administration. The project was awarded to Suryachakra in Competitive Bidding. Accordingly, the Power Purchase Agreement (PPA) was signed by the Chief Secretary, Andaman & Nicobar Administration on behalf of President of India on 20th November 1997. The term of the PPA is for 15 years extendable three further periods of 5 years each. The A & N administration declared commercial operation date for the plant at Andaman and Nicobar with effect from April 1, 2003.

The project was funded by State Bank of India and SREI Infrastructure Finance Ltd. The equity was originally provided by Dr. S.M.Manepalli & Associates, Caterpillar and BSES Limited.

Suryachakra Power Corporation Limited is setting up of a 20 MW biomass based power plant in Navsari District, Gujarat. The company has conducted biomass assessment study report, submitted to Gujarat Energy Development Agency [GEDA]. In Principal approval received.  The Company is accredited with ISO.9001: 2000 certification.

In 2009 the Companyacquired M/s. Suryachakra Power Venture Pvt. Ltd, one of its Group Companies, as wholly owned subsidiary of the Company.

Subsidiary

Suryachakra Power Corporation Limited has established 3 wholly owned subsidiaries for setting up of renewable energy (biomass) power projects and also acquired 51% stake in Sri Panchajanya Power Private limited which is setting up a 9.8 MW Biomass Power Plant at Hingoli, Maharashtra.

The company is also pursuing acquisition of coal mines, trading, biofuel plantations and processing. SPCL is holding a Power Trading license by Central Electricity Regulatory Authority for carrying out inter state sale (trade) of power.

Project Development Partners

  • Caterpillar- This prestigious Plant was set up in technical collaboration of world class leaders M/s. Caterpillar Power Ventures Inc, USA through in wholly owned subsidiary Caterpillar Power Ventures has been associated with Suryachakra since 1997 as an Equity Partner and O& M Operator. Suryachakra has subsequently bought back the shares.
  • Reliance Energy Limited (Formerly BSES)- The project was constructed by Reliance Energy Limited (formerly BSES Limited) under EPC Contract. Reliance Energy Limited through their group companies is holding about 2.68% share in the company.

Key Developments:

  • The company has been accredited with ISO 9001-2000 (2005) certificate for the plant at Port Blair.
  • The promoters of the Company acquired the shares held by M/s.Caterpillar Power Ventures International (Mauritius) Limited during 2005 through Kalyan Securities Limited one of the promoter’s core investment companies.
  • SPCL launched three wholly owned subsidiaries for setting up of biomass power plants: LPSL, SAAIL and MSM Energy Limited.
  • SPCL received License for Power Trading.
  • Initial Public Offer: The Company came out with a successful IPO of 3.4 crores equity shares of Rs. 10 each at a premium of Rs. 10 during June 2007. The shares are listed on Bombay Stock Exchange (BSE). The Company Code in BSE is 532874 and Ticker Symbol in Bloomberg is SUPC:IN.
  • SPCL acquired 51% stake in Sri Panchjanya Power Pvt Limited, which is setting up a 10 MW biomass based power plant at MIDC Hingoli, Maharashtra. 4 out of 5 biomass projects have been registered with UNFCCC for carbon credits.
  • Suryachakra formed a joint venture with MAN Solar Millennium GmbH, a global leader in Solar Thermal Technology, for setting up of Solar Thermal power projects in India.
  • Suryachakra was awarded Haldia Urban Infrastructure project by M/s.Haldia Development Authority.
  • SPCL signed an MoU with Chhattisgarh government for setting up of 270 MW Coal based power plant in Chhattisgarh.
  • SPCL received No Objection Certificate for setting up of 70 MW coal washery rejects / coal based power plant in Chhattisgarh. Lahari Power & Steels started commercial operations during April 2008.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.71%
1 Week
-17.35%
1 Month
-35.71%
3 Month
+84.09%
6 Month
+50.0%
1 Year
+170.0%
2 Year
+326.32%
5 Year
-70.11%
7 years 2011-03 2012-06 2013-03 2014-03 2015-03 2016-03 2017-03
Return on Equity (%) 2.11 -10.53 -4.34 -1.54 -56.43 -8.86 -250.68
Return on Capital Employed (%) 5.23 -1.56 -0.53 0.58 -39.28 -4.28 -111.48
Return on Assets (%) 1.09 -6.01 -2.93 -1.03 -34.97 -4.95 -91.74

Balance Sheet View Details

Particulars 7 years 2011-03 Rs. Cr. 2012-06 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr.
Shh. Funds 143 219 210 207 116 106 -12
Non Curr. Liab. 0 21 17 13 9 5 1
Curr. Liab. 172 80 87 91 85 77 80
Minority Int.
Equity & Liab. 315 320 315 311 210 188 70
Non Curr. Assets 199 272 275 271 171 144 28
Curr. Assets 116 49 40 40 39 44 42
Misc. Exp. not W/O
Total Assets 315 320 315 311 210 188 70

Profit Loss View Details

Particulars 7 years 2011-03 Rs. Cr. 2012-06 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr.
Net Sales 145 184 101 146 142 107 98
Other Income 0 0 0 0 0
Total Income 145 184 101 146 142 107 98
Total Expenditure -127 -180 -98 -138 -134 -102 -100
PBIDT 18 4 4 8 8 5 -2
Interest -8 -15 -8 -4 -3 -3 0
Depreciation -7 -8 -5 -6 -5 -3 -2
Taxation -1 -1
Exceptional Items -91 -9 -114
PAT 3 -19 -9 -3 -91 -10 -118

Cash Flow View Details

Particulars 7 years 2011-03 Rs. Cr. 2012-06 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr.
Cash Fr. Operatn. 8 -79 8 6 5 23 0
Cash Fr. Inv. -22 0 0 0
Cash Fr. Finan. 13 78 -8 -6 -5 -8 0
Net Change -1 -1 0 0 0 15 0
Cash & Cash Eqvt 1 0 0 0 0 15 15

Shareholding Pattern View Details

9 Qtrs 2016-03 (%) 2016-06 (%) 2016-09 (%) 2016-12 (%) 2017-03 (%) 2017-06 (%) 2017-09 (%) 2017-12 (%) 2018-03 (%)
Promoter 23.43 23.43 23.43 22.83 22.83 22.83 22.75 22.75 22.75
Public 76.57 76.57 76.57 77.17 77.17 77.17 77.25 77.25 77.25
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 96.63 96.63 96.63 99.18 99.47 99.47 100.00 100.00 100.00

Announcements View Details

Wed, 19 Feb 2020
Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal
In the matter of State Bank of India VS Suryachakra Power Corporation Limited we wish to inform you that the Honble National Company Law Tribunal has passed an order vide case and order no. I.A. No. 608 of 2019 in CP (IB) No. 421/7/HDB/2018 under which Honble NCLT approved the Resolution Plan submitted by Vaman Bhagya Private Limited (Resolution Applicant).

The said order has been passed on October 30th 2019 and its certified true copies received on December 18th 2019.

Further certified copy of the above NCLT order has been duly submitted to your good office through email Dt. 14/11/2019 15/11/2019 & 10/02/2020 and also sent the same via courier service of DTDC vide consignment no. H16796054 (dispatched) on 15/11/2019.

Further Resolution Applicant has also forwarded the same through email Dt. 08/02/2020 and through Indian Registered Speed Post vide consignment no. EN411621267IN (dispatched) on 08/02/2020.
Wed, 19 Feb 2020
To Revoke Various Penal Actions Initiated Against Suryachakra Power Corporation Limited (Corporate Debtor In Corporate Insolvency Process As Per Insolvency And Bankruptcy Code 2016) Under SEBI (LODR) Regulations 2015.
Detail are enclosed herewith.
Wed, 21 Aug 2019
Results-Delay in Financial Results
Disclosure of reason for delay in submission of Financial Results for the Quarter ended 30th June 2019 pursuant to the SEBI Circular CIR/CFD/CMD-1/142/2018 dated 19th November 2018.

Technical Scans View Details

Thu, 05 Aug 2021
High Delivery Percentage High Delivery Percentage
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 3 days Closing Below Previous Low for 3 days
Making Lower Lows for 3 days Making Lower Lows for 3 days

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