Power Finance Corporation Ltd share Price

Power Finance Corporation is a PSU that finances energy sector companies in India. Power Finance Corporation provides loans and finances to ensure India’s energy sector is adequately capitalised. The company, founded in 1986, enjoy the status of a Maharatna company. The company is headquartered in New Delhi and went public in 2007.

On 6 January 2023, the market capitalisation of the company was Rs 41,528.47 crore. It reported consolidated sales of Rs 386784.55 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 532810 and the National Stock Exchange with the code PFC.

The promoters of Power Finance Corporation currently hold approximately 55.99% of the company. The foreign institutional investors’ investment in the company amounts to 16.21%. Various mutual funds hold around 12.2% of the company. The total public stake in the company is approximately 15.06%. The stake of the public has grown steadily over the past year (Since September 2021).

Ravinder Singh Dhillon is the chairman of the company and a whole-time director, and Parminder Chopra is the CFO and director. Ajay Tewari, Bhaskar Bhattacharya, Prasanna Tantri, Usha Sajeev Nair, and Manoj Sharma are the other directors of the company. Prem Gupta & Co., Dass Gupta & Associates, and Gandhi Minocha & Co. are the auditors of Power Finance Corporation. As of December 2023, the company had around 264 crore shares outstanding.

On 6 January 2023, Power Finance Corporation’s share price on NSE was Rs 157.3 and Rs 157.8 on BSE. The share price touched a 52-week high of Rs 160.80 and a 52-week low of Rs 97.10. Its three-month return to investors was 48.3%, while its one-year return was 26.2%.

In November 2022, HDFC Balanced Advantage Direct-G invested Rs 1067.1 crore in the company. Other prominent mutual funds with investments in Power Finance include HDFC Mid-Cap Opportunities Direct-G, with an investment of Rs 427.2 crore, and HDFC Top 100 Direct-G, with an investment of Rs 422.1 crore in the company. 

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