Incorporated in 2001, Divine Power Energy Limited specialises in manufacturing Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. The winding wires and strips are produced through processes like annealing and insulating, then covered with paper, cotton, and fibreglass materials.
These products are primarily supplied to power distribution companies and transformer manufacturers, with key clients including TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, and Uttarakhand Power Corporation Limited.
Divine Power Energy Limited has successfully penetrated markets in Punjab, Bengaluru, and Ahmedabad and is now exploring opportunities in Maharashtra. The company’s manufacturing facility, located in Sahibabad, Ghaziabad, spans 1,777 square meters and has a production capacity of 300 metric tonnes of aluminium and 400 metric tonnes of copper per month.
The company is ISO 9001:2015 certified by the International Management Certification accredited by the Global Accreditation Assessment Forum Series, underscoring its commitment to quality and excellence. As of June 2024, Divine Power Energy Limited employs a dedicated team of 40 professionals across various departments, contributing to its growth and operational success.
Industry Outlook:
- The global power generation market is projected to grow from USD 1.94 trillion in 2022 to $3.9 trillion by 2032, with an 8.04% CAGR.
- India's power generation surged by 8.87% in FY23, reaching 1,624.15 billion kWh, the highest growth rate in over 30 years.
Divine Power Energy Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet the working capital requirements of the Company; and
- General Corporate Purpose
Peer Details
The companies considered by Divine Power Energy as its peers include:
- Shera Energy Limited
- Bhagyanagar India Limited
- Rajnandini Metal Limited
- Ram Ratna Wires Limited
- Precision Wires India Limited
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Contact Details of Divine Power Energy Limited
Registered office: Unit No. Offices, 1st Floor, CSC-II, B-Block, Surajmal Vihar, New Delhi-110092, India
Phone: 011-36001992/ 2842
E-mail: info@dpel.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 22,208.00 | 15,058.53 | 12,249.09 |
| Profit After Tax (PAT) (in ₹ lakh) | 640.59 | 284.94 | 80.51 |
| Cash & Cash Equivalents (in ₹ lakh) | 46.58 | 44.74 | 13.52 |
| Net Worth (in ₹ lakh) | 2,556.53 | 1,915.94 | 1,246.00 |
| Debt to Equity Ratio(x) | 2.26 | 2.49 | 3.58 |
| Return on Equity (%) | 25.06% | 14.87% | 6.46% |
| Return on Capital Employed (RoCE) (%) | 16.25% | 13.70% | 8.80% |
| Earning Per Share (EPS)-in absolute ₹ | 4.06 | 2.31 | 0.66 |
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Strengths
6Utilises state-of-the-art technology for high-quality wire production.
Supplies products to major power distribution companies and manufacturers.
Offers customised wire solutions tailored to specific customer requirements.
Promoters and senior management have over 40 years of industry experience.
ISO 9001:2015 certified, ensuring adherence to international quality standards.
Achieved compounded revenue growth of 24.06% from FY21 to FY24.
Risks
6Working capital-intensive operations impact liquidity and financial stability.
Reliance on top 10 suppliers affects procurement consistency and cost.
High customer concentration risks revenue and profitability stability.
Fluctuations in raw material prices impact production costs significantly.
Fragmented industry competition pressures profit margins and market share.
Related party transactions may involve potential conflicts of interest.
