
About India Power Corporation Limited
Data last updated:
India Power Corporation Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of India Power Corporation Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 02 July 1919.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L40105WB1919PLC003263. Its GSTIN is 19AABCD0340G1Z4 (West Bengal). The company holds 4 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on NSE: DPSCLTD.
The company has an authorised share capital of ₹1,700 Cr and a paid-up capital of ₹97.38 Cr. It was formerly known as Dishergarh Power Supply Company Limited and Dpsc Limited. It is led by directors including Raghav Raj Kanoria (Managing Director) and Somesh Dasgupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Centre For Excellence Plot No.X – 1 2 & 3 Block Ep Sector V Salt Lake, Kolkata, West Bengal, India – 700091.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹683.01 Cr, a growth of 10.1% compared to the previous year. For the same year it recorded a net profit of ₹12.81 Cr (net margin 1.9%) and EBITDA of ₹3.31 Cr (EBITDA margin 0.5%).
The company has about 521 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹6,946.81 Cr and satisfied charges of ₹1,410.77 Cr on record. Court records list 73 cases involving the company, including 37 filed by the company and 36 filed against it; 9 cases are pending.
The last known website on record is indiapower.com.
Company details
Name history
India Power Corporation has undergone 2 name changes throughout its history. The company was previously known as Dishergarh Power Supply Company Limited, and Dpsc Limited. The current legal name is India Power Corporation Limited.
| Company Name | Status |
|---|---|
| India Power Corporation Limited | Current |
| Dishergarh Power Supply Company Limited | Previous |
| Dpsc Limited | Previous |
Contact details
India Power Corporation Limited's registered office is in Kolkata, West Bengal. Its website is indiapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCentre For Excellence Plot No.X – 1 2 & 3 Block Ep Sector V Salt Lake, Kolkata, West Bengal, India – 700091
- IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
To see the full contact details of India Power Corporation Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of India Power Corporation is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of India Power Corporation Limited, buy the company report.
Financials of India Power Corporation Limited
FY 2025-26 filings availableIndia Power Corporation Limited reported revenue of ₹683.01 Cr (up 10.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 683 | 620 | 650 | 623 | 582 | 525 | 481 |
| Revenue growth | +10.1% | -4.5% | +4.3% | +7.0% | +10.9% | +9.2% | - |
| EBITDA | 3.31 | (71.10) | 42.78 | (7.47) | 9.62 | 69.81 | 50.17 |
| EBITDA margin | +0.5% | -11.5% | +6.6% | -1.2% | +1.7% | +13.3% | +10.4% |
| Profit before tax | 16.75 | 8.69 | 22.17 | 20.90 | 21.26 | 20.40 | 24.98 |
| Net profit | 12.81 | 7.03 | 17.10 | 15.92 | 9.53 | 26.13 | 12.20 |
| Net profit margin | +1.9% | +1.1% | +2.6% | +2.6% | +1.6% | +5.0% | +2.5% |
| EPS (₹) | 0.08 | 0.07 | 0.18 | 0.16 | 0.16 | 0.27 | 0.14 |
| Balance sheet | |||||||
| Total assets | - | 1,208 | 1,413 | 1,450 | 1,872 | 2,123 | 2,164 |
| Net worth | - | 880 | 1,016 | 1,006 | 1,368 | 1,640 | 1,617 |
| Total debt | - | 156 | 213 | 282 | 328 | 299 | 342 |
| Cash & bank | - | 40.70 | 31.38 | 25.36 | 16.24 | 15.37 | 56.08 |
| Net working capital | - | (9.79) | 57.06 | 31.42 | 130 | 197 | 235 |
| Cash flow | |||||||
| Cash from operations | - | 78.85 | 84.65 | 68.25 | (4.34) | 32.65 | 92.00 |
| Cash from investing | - | (2.23) | (17.89) | (0.55) | (11.90) | 9.57 | (12.78) |
| Cash from financing | - | (73.02) | (71.84) | (63.69) | 15.29 | (84.42) | (40.09) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 187 | 166 | 155 | 198 | 164 | 137 | 159 | 153 |
| Revenue growth (YoY) | +14.2% | +21.5% | -2.4% | +29.4% | -4.7% | -15.7% | - | - |
| Other income | 7.88 | 21.95 | 22.43 | 11.95 | 12.06 | 103 | 10.75 | 15.90 |
| EBITDA | 10.23 | (2.92) | (6.32) | 6.78 | 5.77 | (91.75) | 8.63 | 4.14 |
| EBITDA margin | +5.5% | -1.8% | -4.1% | +3.4% | +3.5% | -67.1% | +5.4% | +2.7% |
| Depreciation | 8.77 | 8.90 | 9.00 | 8.97 | 8.96 | 8.99 | 8.90 | 8.87 |
| Interest | 3.01 | 6.43 | 3.91 | 4.36 | 4.41 | 6.34 | 6.30 | 6.70 |
| Profit before tax | 6.33 | 3.70 | 3.20 | 5.40 | 4.46 | (4.35) | 4.18 | 4.47 |
| Tax | 2.13 | (0.44) | 1.36 | 1.61 | 1.42 | (2.48) | 1.52 | 1.33 |
| Net profit | 4.20 | 4.14 | 1.84 | 3.79 | 3.04 | (1.87) | 2.66 | 3.14 |
| EPS (₹) | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 | (0.01) | 0.02 | 0.02 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 647 | 600 | 627 | 599 | 560 | 500 | 481 |
| Revenue growth | +7.9% | -4.3% | +4.6% | +7.0% | +12.1% | +3.9% | - |
| EBITDA | (240) | (77.00) | 39.64 | (11.09) | 9.48 | 69.38 | 51.70 |
| EBITDA margin | -37.1% | -12.8% | +6.3% | -1.9% | +1.7% | +13.9% | +10.8% |
| Profit before tax | (226) | 5.90 | 20.01 | 18.66 | 22.00 | 20.61 | 28.43 |
| Net profit | 8.06 | 4.25 | 15.02 | 13.68 | 10.14 | 26.38 | 15.75 |
| Net profit margin | +1.3% | +0.7% | +2.4% | +2.3% | +1.8% | +5.3% | +3.3% |
| EPS (₹) | (1.46) | 0.04 | 0.16 | 0.14 | 0.17 | 0.27 | 0.17 |
| Balance sheet | |||||||
| Total assets | - | 1,207 | 1,415 | 1,457 | 1,881 | 2,131 | 2,172 |
| Net worth | - | 882 | 1,022 | 1,013 | 1,377 | 1,648 | 1,625 |
| Total debt | - | 153 | 209 | 282 | 328 | 299 | 342 |
| Cash & bank | - | 36.19 | 30.56 | 24.51 | 14.62 | 15.05 | 55.90 |
| Net working capital | - | (11.68) | 58.01 | 30.46 | 129 | 196 | 235 |
| Cash flow | |||||||
| Cash from operations | - | 83.04 | 99.78 | 69.56 | (2.37) | 32.67 | 93.77 |
| Cash from investing | - | (10.18) | (30.08) | (0.59) | (15.21) | 9.40 | (18.90) |
| Cash from financing | - | (72.89) | (75.00) | (63.66) | 15.32 | (84.42) | (35.82) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 177 | 157 | 144 | 187 | 158 | 132 | 150 | 149 |
| Revenue growth (YoY) | +11.5% | +18.9% | -3.8% | +25.4% | -5.9% | -16.3% | - | - |
| Other income | 7.70 | 21.61 | 22.19 | 11.74 | 12.78 | 103 | 11.77 | 16.85 |
| Total expenses | 164 | 160 | 149 | 181 | 398 | 229 | 142 | 145 |
| EBITDA | 12.45 | (2.76) | (4.52) | 6.78 | (240) | (96.91) | 8.11 | 4.01 |
| EBITDA margin | +7.1% | -1.8% | -3.1% | +3.6% | -151.2% | -73.4% | +5.4% | +2.7% |
| Depreciation | 8.67 | 8.80 | 8.98 | 8.97 | 8.96 | 8.99 | 8.90 | 8.87 |
| Interest | 2.70 | 6.12 | 3.83 | 4.28 | 4.33 | 6.16 | 6.22 | 6.61 |
| Profit before tax | 8.78 | 3.93 | 4.86 | 5.27 | (240) | (9.44) | 4.76 | 5.38 |
| Tax | 2.18 | (0.53) | 1.38 | 1.51 | 1.42 | (2.48) | 1.52 | 1.33 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 187 | 166 | 155 | 198 | 164 | 137 | 159 | 153 |
| Revenue growth (YoY) | +14.2% | +21.5% | -2.4% | +29.4% | -4.7% | -15.7% | - | - |
| Other income | 7.88 | 21.95 | 22.43 | 11.95 | 12.06 | 103 | 10.75 | 15.90 |
| EBITDA | 10.23 | (2.92) | (6.32) | 6.78 | 5.77 | (91.75) | 8.63 | 4.14 |
| EBITDA margin | +5.5% | -1.8% | -4.1% | +3.4% | +3.5% | -67.1% | +5.4% | +2.7% |
| Depreciation | 8.77 | 8.90 | 9.00 | 8.97 | 8.96 | 8.99 | 8.90 | 8.87 |
| Interest | 3.01 | 6.43 | 3.91 | 4.36 | 4.41 | 6.34 | 6.30 | 6.70 |
| Profit before tax | 6.33 | 3.70 | 3.20 | 5.40 | 4.46 | (4.35) | 4.18 | 4.47 |
| Tax | 2.13 | (0.44) | 1.36 | 1.61 | 1.42 | (2.48) | 1.52 | 1.33 |
| Net profit | 4.20 | 4.14 | 1.84 | 3.79 | 3.04 | (1.87) | 2.66 | 3.14 |
| EPS (₹) | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 | (0.01) | 0.02 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 683 | 620 | 650 | 623 | 582 | 525 | 481 |
| Revenue growth | +10.1% | -4.5% | +4.3% | +7.0% | +10.9% | +9.2% | - |
| Other income | 68.38 | 142 | 45.66 | 95.33 | 73.33 | 18.10 | 49.53 |
| Total expenses | 680 | 691 | 607 | 631 | 573 | 456 | 431 |
| Employee cost | 0.00 | 57.84 | 57.48 | 49.47 | 47.55 | 49.41 | 49.02 |
| EBITDA | 3.31 | (71.10) | 42.78 | (7.47) | 9.62 | 69.81 | 50.17 |
| EBITDA margin | +0.5% | -11.5% | +6.6% | -1.2% | +1.7% | +13.3% | +10.4% |
| Depreciation | 35.83 | 35.51 | 33.44 | 29.04 | 28.66 | 29.69 | 29.10 |
| Interest | 19.11 | 27.18 | 32.83 | 37.92 | 33.03 | 37.82 | 45.62 |
| Profit before tax | 16.75 | 8.69 | 22.17 | 20.90 | 21.26 | 20.40 | 24.98 |
| Tax | 3.94 | 1.66 | 4.98 | 5.04 | 5.88 | (5.81) | 11.75 |
| Net profit | 12.81 | 7.03 | 17.10 | 15.92 | 9.53 | 26.13 | 12.20 |
| Net profit margin | +1.9% | +1.1% | +2.6% | +2.6% | +1.6% | +5.0% | +2.5% |
| EPS (₹) | 0.08 | 0.07 | 0.18 | 0.16 | 0.16 | 0.27 | 0.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 97.38 | 97.38 | 97.38 | 97.38 | 97.38 | 97.38 |
| Reserves & surplus | - | 782 | 919 | 908 | 1,271 | 1,543 | 1,520 |
| Shareholders' funds (net worth) | - | 880 | 1,016 | 1,006 | 1,368 | 1,640 | 1,617 |
| Minority interest | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | - | 29.09 | 69.11 | 119 | 176 | 215 | 249 |
| Unsecured loans | - | 127 | 144 | 163 | 152 | 83.19 | 93.83 |
| Total debt | - | 156 | 213 | 282 | 328 | 299 | 342 |
| Total liabilities | - | 1,208 | 1,413 | 1,450 | 1,872 | 2,123 | 2,164 |
| Assets | |||||||
| Gross block | - | 1,191 | 1,069 | 1,068 | 1,050 | 1,072 | 1,002 |
| Net block | - | 969 | 882 | 897 | 907 | 950 | 902 |
| Capital work in progress | - | 10.10 | 13.90 | 14.53 | 20.77 | 21.64 | 83.52 |
| Investments | - | 0.67 | 2.85 | 2.57 | 99.20 | 99.55 | 100 |
| Inventories | - | 13.84 | 8.54 | 10.16 | 7.53 | 8.43 | 7.28 |
| Sundry debtors | - | 136 | 136 | 106 | 83.93 | 66.79 | 64.71 |
| Cash & bank balances | - | 40.70 | 31.38 | 25.36 | 16.24 | 15.37 | 56.08 |
| Loans & advances | - | 297 | 394 | 321 | 308 | 351 | 360 |
| Total current assets | - | 488 | 570 | 463 | 416 | 441 | 488 |
| Total current liabilities | - | 498 | 513 | 432 | 286 | 244 | 253 |
| Net working capital | - | (9.79) | 57.06 | 31.42 | 130 | 197 | 235 |
| Total assets | - | 1,208 | 1,413 | 1,450 | 1,872 | 2,123 | 2,164 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.60 | 5.68 | 1.67 | 2.63 | 44.83 | 5.70 |
| Net cash from operating activities | - | 78.85 | 84.65 | 68.25 | (4.34) | 32.65 | 92.00 |
| Net cash from investing activities | - | (2.23) | (17.89) | (0.55) | (11.90) | 9.57 | (12.78) |
| Net cash from financing activities | - | (73.02) | (71.84) | (63.69) | 15.29 | (84.42) | (40.09) |
| Net change in cash | - | 3.61 | (5.08) | 4.01 | (0.95) | (42.20) | 39.13 |
| Closing cash | - | 40.70 | 31.38 | 25.36 | 16.24 | 15.37 | 56.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.1% | -4.5% | +4.3% | +7.0% | +10.9% | +9.2% | - |
| EBITDA growth | +104.7% | -266.2% | +672.7% | -177.7% | -86.2% | +39.2% | - |
| PBT growth | +92.8% | -60.8% | +6.1% | -1.7% | +4.2% | -18.3% | +7.9% |
| Net income growth | +82.2% | -58.9% | +7.4% | +67.1% | -63.5% | +114.2% | - |
| Revenue CAGR (3Y) | +3.1% | +2.1% | +7.3% | +9.0% | +3.5% | -10.6% | -16.7% |
| EBITDA CAGR (3Y) | - | - | -15.1% | - | -45.8% | -10.7% | +4.5% |
| Profitability & leverage | |||||||
| Net income margin | +1.9% | +1.1% | +2.7% | +2.6% | +2.6% | +5.0% | +2.8% |
| Return on capital employed | - | +2.7% | +3.8% | +3.5% | +2.3% | +2.7% | +3.5% |
| Return on net worth | - | +0.7% | +1.7% | +1.3% | +0.6% | +1.6% | +1.0% |
| Debt / equity | - | 0.19 | 0.24 | 0.26 | 0.21 | 0.20 | 0.29 |
| Long-term debt / equity | - | 0.01 | 0.03 | 0.05 | 0.05 | 0.05 | 0.11 |
| Interest cover | -58.76 | -25.49 | 351.50 | -103.86 | -173.48 | 94.27 | 216.52 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.55 | 0.61 | 0.59 | 0.55 | 0.51 | 0.65 |
| Inventory turnover | - | 55.44 | 69.49 | 70.45 | 72.99 | 66.89 | 57.11 |
| Debtors turnover | - | 4.56 | 5.36 | 6.55 | 7.73 | 7.99 | 3.51 |
| EPS (₹) | 0.08 | 0.07 | 0.18 | 0.16 | 0.16 | 0.27 | 0.14 |
| Dividend per share (₹) | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Book value per share (₹) | 0.00 | 9.04 | 10.44 | 10.33 | 14.05 | 16.84 | 16.61 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 177 | 157 | 144 | 187 | 158 | 132 | 150 | 149 |
| Revenue growth (YoY) | +11.5% | +18.9% | -3.8% | +25.4% | -5.9% | -16.3% | - | - |
| Other income | 7.70 | 21.61 | 22.19 | 11.74 | 12.78 | 103 | 11.77 | 16.85 |
| Total expenses | 164 | 160 | 149 | 181 | 398 | 229 | 142 | 145 |
| EBITDA | 12.45 | (2.76) | (4.52) | 6.78 | (240) | (96.91) | 8.11 | 4.01 |
| EBITDA margin | +7.1% | -1.8% | -3.1% | +3.6% | -151.2% | -73.4% | +5.4% | +2.7% |
| Depreciation | 8.67 | 8.80 | 8.98 | 8.97 | 8.96 | 8.99 | 8.90 | 8.87 |
| Interest | 2.70 | 6.12 | 3.83 | 4.28 | 4.33 | 6.16 | 6.22 | 6.61 |
| Profit before tax | 8.78 | 3.93 | 4.86 | 5.27 | (240) | (9.44) | 4.76 | 5.38 |
| Tax | 2.18 | (0.53) | 1.38 | 1.51 | 1.42 | (2.48) | 1.52 | 1.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 647 | 600 | 627 | 599 | 560 | 500 | 481 |
| Revenue growth | +7.9% | -4.3% | +4.6% | +7.0% | +12.1% | +3.9% | - |
| Other income | 68.32 | 145 | 46.34 | 96.66 | 74.16 | 18.62 | 51.45 |
| Total expenses | 887 | 677 | 587 | 610 | 551 | 430 | 429 |
| Employee cost | 0.00 | 57.84 | 57.48 | 49.47 | 47.55 | 49.41 | 49.02 |
| EBITDA | (240) | (77.00) | 39.64 | (11.09) | 9.48 | 69.38 | 51.70 |
| EBITDA margin | -37.1% | -12.8% | +6.3% | -1.9% | +1.7% | +13.9% | +10.8% |
| Depreciation | 35.70 | 35.51 | 33.44 | 29.04 | 28.66 | 29.69 | 29.10 |
| Interest | 18.57 | 26.76 | 32.53 | 37.87 | 32.98 | 37.70 | 45.62 |
| Profit before tax | (226) | 5.90 | 20.01 | 18.66 | 22.00 | 20.61 | 28.43 |
| Tax | 3.78 | 1.66 | 4.91 | 5.04 | 5.86 | (6.06) | 11.75 |
| Net profit | 8.06 | 4.25 | 15.02 | 13.68 | 10.14 | 26.38 | 15.75 |
| Net profit margin | +1.3% | +0.7% | +2.4% | +2.3% | +1.8% | +5.3% | +3.3% |
| EPS (₹) | (1.46) | 0.04 | 0.16 | 0.14 | 0.17 | 0.27 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 97.38 | 97.38 | 97.38 | 97.38 | 97.38 | 97.38 |
| Reserves & surplus | - | 785 | 924 | 916 | 1,280 | 1,551 | 1,527 |
| Shareholders' funds (net worth) | - | 882 | 1,022 | 1,013 | 1,377 | 1,648 | 1,625 |
| Secured loans | - | 29.09 | 69.11 | 119 | 176 | 215 | 249 |
| Unsecured loans | - | 124 | 140 | 163 | 152 | 83.09 | 93.83 |
| Total debt | - | 153 | 209 | 282 | 328 | 299 | 342 |
| Total liabilities | - | 1,207 | 1,415 | 1,457 | 1,881 | 2,131 | 2,172 |
| Assets | |||||||
| Gross block | - | 1,191 | 1,069 | 1,068 | 1,050 | 1,072 | 997 |
| Net block | - | 969 | 882 | 897 | 907 | 950 | 902 |
| Capital work in progress | - | 10.10 | 13.90 | 14.53 | 20.77 | 21.64 | 83.52 |
| Investments | - | 1.61 | 3.77 | 3.05 | 101 | 102 | 101 |
| Inventories | - | 13.84 | 8.54 | 10.16 | 7.53 | 8.43 | 7.28 |
| Sundry debtors | - | 104 | 112 | 101 | 83.49 | 61.28 | 64.71 |
| Cash & bank balances | - | 36.19 | 30.56 | 24.51 | 14.62 | 15.05 | 55.90 |
| Loans & advances | - | 322 | 414 | 323 | 309 | 349 | 360 |
| Total current assets | - | 476 | 565 | 459 | 415 | 433 | 488 |
| Total current liabilities | - | 488 | 506 | 429 | 286 | 237 | 253 |
| Net working capital | - | (11.68) | 58.01 | 30.46 | 129 | 196 | 235 |
| Total assets | - | 1,207 | 1,415 | 1,457 | 1,881 | 2,131 | 2,172 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.07 | 5.37 | 0.06 | 2.31 | 44.66 | 5.61 |
| Net cash from operating activities | - | 83.04 | 99.78 | 69.56 | (2.37) | 32.67 | 93.77 |
| Net cash from investing activities | - | (10.18) | (30.08) | (0.59) | (15.21) | 9.40 | (18.90) |
| Net cash from financing activities | - | (72.89) | (75.00) | (63.66) | 15.32 | (84.42) | (35.82) |
| Net change in cash | - | (0.03) | (5.30) | 5.31 | (2.25) | (42.35) | 39.04 |
| Closing cash | - | 36.19 | 30.56 | 24.51 | 14.62 | 15.05 | 55.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.9% | -4.3% | +4.6% | +7.0% | +12.1% | +3.9% | - |
| EBITDA growth | -211.7% | -294.3% | +457.4% | -217.0% | -86.3% | +34.2% | - |
| PBT growth | - | -70.5% | +7.2% | -15.2% | +6.7% | -27.5% | +2.0% |
| Net income growth | +89.7% | -71.7% | +9.8% | +34.9% | -61.6% | +67.5% | - |
| Revenue CAGR (3Y) | +2.6% | +2.3% | +7.9% | +7.6% | +2.3% | +1.3% | +2.2% |
| EBITDA CAGR (3Y) | +178.7% | - | -17.0% | - | -49.5% | -8.1% | -10.3% |
| Profitability & leverage | |||||||
| Net income margin | -35.5% | +0.7% | +2.4% | +2.3% | +2.9% | +5.3% | +3.5% |
| Return on capital employed | - | +2.5% | +3.7% | +3.4% | +2.3% | +2.7% | +3.8% |
| Return on net worth | - | +0.4% | +1.5% | +1.1% | +0.7% | +1.6% | +1.2% |
| Debt / equity | - | 0.19 | 0.24 | 0.26 | 0.21 | 0.20 | 0.24 |
| Long-term debt / equity | - | 0.01 | 0.03 | 0.05 | 0.05 | 0.05 | 0.06 |
| Interest cover | -6.73 | -23.78 | 524.68 | -94.37 | -171.95 | 94.99 | 201.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.53 | 0.59 | 0.57 | 0.53 | 0.48 | 0.68 |
| Inventory turnover | - | 53.61 | 67.06 | 67.75 | 70.18 | 63.62 | 58.03 |
| Debtors turnover | - | 5.55 | 5.88 | 6.48 | 7.74 | 7.93 | 8.25 |
| EPS (₹) | (1.46) | 0.04 | 0.16 | 0.14 | 0.17 | 0.27 | 0.17 |
| Dividend per share (₹) | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Book value per share (₹) | 0.00 | 9.06 | 10.49 | 10.41 | 14.14 | 16.92 | 16.68 |
To see the full year-wise statements and ratios of India Power Corporation Limited, buy the company report.
Board of directors of India Power Corporation Limited
India Power Corporation has 8 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghav Raj Kanoria | Managing Director | 01 Jun 2017 | 9 Years 5 Months | As last reported |
| Jyoti Kumar Poddar Also directs: Croza Energy Consultants LLP, Tarang Solar Energy LLP, Innovel Energy Services Private Limited and 2 more | Director | 29 Jan 2010 | 16 Years 9 Months | As last reported |
| Kumar Anil Jha Also directs: Trinity Moto Automobiles LLP, Asian Energy Services Limited, Caliber Mining and Logistics Limited and 5 more | Director | 11 Jun 2021 | 5 Years 4 Months | As last reported |
| Somesh Dasgupta Also directs: Parmeshi Urja Limited, DPSC Distribution Limited, MP Smart Metering Private Limited and 3 more | Whole-Time Director | 25 Jun 2025 | 1 Years 4 Months | As last reported |
| Naveen Prakash Also directs: Berry Alloys Limited | Director | 01 Jan 2026 | 0 Years 10 Months | As last reported |
| Pragya Jhunjhunwala | Director | 01 Apr 2025 | 1 Years 7 Months | As last reported |
Peer comparison
India Power Corporation Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Solar Power, Thermal Power Plants, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sael Industries Limited | ₹730.52 Cr (FY 2025) | 24.0% | Guruharsahai, Punjab, India | |||
| Manipur State Power Distribution Company Limited | ₹721.35 Cr (FY 2021) | 8.0% | Imphal, Manipur, India | |||
| GSPC Pipavav Power Company Limited | ₹720.06 Cr (FY 2025) | 22.0% | Gandhinagar, Gujarat, India | |||
| India Power Corporation Limitedthis company | ₹683.01 Cr (FY 2026) | ₹12.81 Cr | 1.9% | 10.1% | 521 | Kolkata, West Bengal, India |
To see the full peer comparison of India Power Corporation Limited, buy the company report.
Auditor
India Power Corporation Limited is audited by S S Kothari Mehta & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S Kothari Mehta & Co. LLP | FY 2025 | 000756N/N500441 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 59.20%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 40.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.20% | 59.30% | 59.30% | 59.30% |
| Public | 40.80% | 40.70% | 40.70% | 40.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2023 | 100850454 | Others | ₹7.5 Lakh | Open | |
| 05 Dec 2023 | 100828830 | Others | ₹90 Lakh | Open | |
| 17 May 2022 | 100575689 | The South Indian Bank Limited | ₹2.28 Cr | Open | |
| 27 Apr 2022 | 100574601 | The South Indian Bank Limited | ₹65 Lakh | Open | |
| 10 Mar 2022 | 100554936 | Axis Bank Limited | ₹2.53 Cr | Open |
To see the full charge records of India Power Corporation Limited, buy the company report.
Total charge records: 42 View all charges
Legal cases
India Power Corporation Limited has 73 court cases on record: 37 filed by India Power Corporation, 36 filed against it. 9 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 54 | 27 | 6 |
| District courts | 10 | 4 | 3 |
| Supreme Court | 4 | 1 | 0 |
| NCLT | 3 | 2 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (RVW) | Filed by the company against Eastern Coalfields Limited and Ors. | Pending |
| District court, Paschim Bardhaman, West Bengal | Civil suit | Filed against the company by Anjanay Rice Mill Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Yes Bank Limited | Pending |
| Calcutta High Court | Writ petition | Filed against the company by Eastern Coalfields Ltd & Anr | Pending |
| Calcutta High Court | Court case (AST) | Filed against the company by Eastern Coalfields Ltd. & Anr | Pending |
To see the full case history of India Power Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
India Power Corporation Limited was last rated by Care on 09 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Aug 2022 |
To see the full credit ratings and regulatory alerts of India Power Corporation Limited, buy the company report.
MSME payment delays
India Power Corporation Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 2,053 overdue payments to 129 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 129)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ambition Travels & Tours Private Limited | |||
| S S Kothari Mehta & Co. | |||
| M/S Moushree Enterprise LLP | |||
| Harsh Mita & Associates | |||
| an individual supplier |
To see the full MSME payment records of India Power Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
India Power Corporation has 6 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Parmeshi Urja Limited | U35109WB2024PLC274311 | |
| DPSC Distribution Limited | U35109WB2024PLC275072 | |
| Ipcl Power Limited | U40106WB2018PLC226632 | |
| MP Smart Metering Private Limited | U43219WB2023PTC261435 | |
| India Uniper Power Services Private Limited | U74999WB2016PTC216929 | |
| MP Smart Grid Private Limited | U74999WB2020PTC237289 |
To see the full group structure of India Power Corporation Limited, buy the company report.
Employees & EPFO
India Power Corporation Limited has a workforce of 521 employees on its EPFO records as of Oct 10, 2025, across 3 active EPFO establishments.
GST
India Power Corporation has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCD0340G1Z4 | West Bengal | Active | 01 Jul 2017 |
| 08AABCD0340G1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 24AABCD0340G1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Power Corporation Limited, buy the company report.
Recent activity
India Power Corporation Limited has 70 board changes on record since 2001: 39 appointments and 31 cessations. The latest: Naveen Prakash was appointed as Director on 01 Jan 2026.
146 earlier events are in the company report.
News
Frequently asked questions
India Power Corporation is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
India Power Corporation is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 02 July 1919 and is registered under CIN L40105WB1919PLC003263. Listed on NSE: DPSCLTD. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
India Power Corporation reported revenue of ₹683.01 Cr for FY 2025-26 (up 10.1% YoY) based on consolidated financials.
India Power Corporation has 8 current directors:
- Raghav Raj Kanoria - Managing Director
- Somesh Dasgupta - Whole-Time Director
- Debashis Bose - Whole-Time Director
- Jyoti Kumar Poddar - Director
- Kumar Anil Jha - Director
- Naveen Prakash - Director
- Pragya Jhunjhunwala - Director
- Suresh Chandra Gupta - Director
The latest financial statements of India Power Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of India Power Corporation is L40105WB1919PLC003263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. India Power Corporation is a listed company as per MCA records. Its shares are listed on NSE (symbol: DPSCLTD).
India Power Corporation has open charges of ₹6,946.81 Cr and satisfied charges of ₹1,410.77 Cr as per latest MCA filings.
India Power Corporation has 73 court cases on record: 37 filed by the company and 36 filed against it. 9 are pending. Most are in the high courts.
India Power Corporation was incorporated on 02 July 1919. It is registered with the Registrar of Companies, Kolkata.
The peers of India Power Corporation by revenue are Sael Industries Limited, Manipur State Power Distribution Company Limited, GSPC Pipavav Power Company Limited, all in the Cleantech industry (Solar Power, Thermal Power Plants, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Naveen Prakash was appointed as Director on 01 Jan 2026. Somesh Dasgupta was appointed as Whole-Time Director on 25 Jun 2025. Pragya Jhunjhunwala was appointed as Director on 01 Apr 2025. India Power Corporation has 70 board changes on record in total.

