DPSC Limited (DPSCLTD)

Power · Power · NSE · Updated 15 July 2026

₹9.37 ↓ 32.3% (1Y)

🎯 Key Takeaways

India Power Corporation Limited (DPSCLTD) is currently in a distressed phase, undergoing Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Hyderabad Bench-I on May 15, 2026. The company has suspended board powers, lost key executive leadership, and faces significant credit rating downgrades, signaling severe financial and operational instability.
Revenue declined 1% QoQ to ₹159 in Q3FY25.
⚠️ Ongoing Corporate Insolvency Resolution Process (CIRP) with suspended board powers poses existential risk to shareholder value.

Market Cap

₹965

P/E Ratio

58.3

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About DPSCLTD 📊 Interactive Charts

📖 The Story

India Power Corporation Limited (DPSCLTD) is currently in a distressed phase, undergoing Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT Hyderabad Bench-I on May 15, 2026. The company has suspended board powers, lost key executive leadership, and faces significant credit rating downgrades, signaling severe financial and operational instability. Management commentary and regulatory filings reflect a company in restructuring, with governance and financial health under severe strain.

📰 What's Happening

Recent filings indicate critical developments: the NCLT admitted a CIRP petition against DPSCLTD on May 15, 2026, leading to suspension of board powers and executive leadership changes. On June 30, 2026, Executive Director Debashis Bose was set to exit amid insolvency proceedings. A promoter stake sale by Aksara Commercial Private Limited reduced its holding to 6.15% post-disposal on June 25–30, 2026. Additionally, credit rating agency Infomerics downgraded DPSCLTD’s loan facility ratings to IVR D with Negative Watch on July 9, 2026, citing delays in debt servicing and insolvency-related uncertainty affecting Rs. 50.74 crores in facilities.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	174	178	172	145	171	176	161	159
Operating Profit	26	22	21	22	24	21	20	14
OPM %	11.1%	8.3%	7.6%	9.8%	9.7%	7.0%	7.4%	5.4%
Net Profit	6	3	3	4	8	3	3	3
EPS	₹0.04	₹0.02	₹0.02	₹0.03	₹0.05	₹0.02	₹0.02	₹0.02

Financial performance shows a clear downward trend in profitability and operational efficiency. Operating profit declined from ₹26 crore in Q4FY23 to ₹14 crore in Q3FY25, with OPM falling from 11.1% to 5.4% over the same period. Revenue has also trended downward from ₹178 crore in Q1FY24 to ₹159 crore in Q3FY25. Net profit remains flat at ₹3 crore for three consecutive quarters, while EPS has stagnated at ₹0.02, down from ₹0.05 in Q4FY23. This suggests deteriorating margins and pricing pressure, despite stable top-line levels in recent quarters.

🔮 Management Outlook & What's Next

Management has not provided forward-looking guidance or strategic commentary in the latest filings. There is no public disclosure of recovery plans, capital restructuring, or operational revival initiatives. The absence of structured management communication is notable given the company’s insolvency status, with updates limited to regulatory compliance and procedural updates rather than business outlook or turnaround strategy.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Power

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Adani Power Limited	4.27 L Cr	32.9	15.7%	19.8%	0.82
NTPC Limited	3.83 L Cr	15.8	8.8%	13.1%	1.34
Power Grid Corporation of India Limited	2.84 L Cr	18.3	12.2%	16.8%	1.41
Adani Green Energy Limited	2.27 L Cr	105.3	7.6%	11.2%	5.08
Adani Energy Solutions Limited	1.57 L Cr	65.4	10.4%	9.0%	1.92
Tata Power Company Limited	1.30 L Cr	34.1	—	—	—
NTPC Green Energy Limited	90,996	163.8	—	—	—
JSW Energy Limited	90,509	46.8	—	—	—
NHPC Limited	77,136	28.4	—	—	—
Torrent Power Limited	73,872	29.9	—	—	—

🔗 Peer Stock Analyses

ADANIPOWER NTPC POWERGRID ADANIGREEN ADANIENSOL

⚠️ Risk Factors

1. Ongoing Corporate Insolvency Resolution Process (CIRP) with suspended board powers poses existential risk to shareholder value. 2. Credit rating downgrade to IVR D with Negative Watch indicates heightened default risk on Rs. 50.74 crores of debt. 3. Declining operating margins and profitability trends reflect deteriorating core business health. 4. Governance instability due to leadership exits and insolvency oversight increases execution and operational risks.

📋 Recent Filings

🧠 Analyst's Read

The company is in a critical phase of insolvency proceedings with no visible path to operational or financial recovery disclosed. Investors should monitor developments in the CIRP process, potential resolution plans, and any changes in promoter or creditor dynamics. The lack of management guidance and deteriorating financial trends significantly increase uncertainty around long-term viability.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on DPSCLTD

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

📡 Get AI alerts when DPSCLTD files new disclosures

Track DPSCLTD filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track DPSCLTD — Free

Free account · 2 AI queries/day