India Power (NSE:DPSCLTD) Cyclically Adjusted PS Ratio: 1.00 (As of Aug. 16, 2026) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:DPSCLTD India Power Corp Ltd NSE:DPSCLTD
67 GF Score
Price ₹7.32
GF Value ₹19.44
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is India Power Cyclically Adjusted PS Ratio?

India Power NSE:DPSCLTD -0.54% 67 Cyclically Adjusted PS Ratio is 1.00 as of Aug. 16, 2026, which is 41% below its 10-year median of 1.70. GuruFocus rates NSE:DPSCLTD with a GF Score™ of 67/100 and a GF Value™ of ₹19.44 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 438 Utilities - Regulated companies, India Power ranks better than 63.24% on this metric.

As of today (2026-08-16), India Power's current share price is ₹7.32. India Power's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹7.30. India Power's Cyclically Adjusted PS Ratio for today is 1.00.

The historical rank and industry rank for India Power's Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:DPSCLTD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.7   Max: 3.27
Current: 1

During the past years, India Power's highest Cyclically Adjusted PS Ratio was 3.27. The lowest was 0.95. And the median was 1.70.

NSE:DPSCLTD's Cyclically Adjusted PS Ratio is ranked better than
63.24% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs NSE:DPSCLTD: 1.00

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

India Power's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹1.705. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹7.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


India Power  (NSE:DPSCLTD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


India Power Cyclically Adjusted PS Ratio Related Terms


India Power Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for India Power's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

India Power Cyclically Adjusted PS Ratio Chart

India Power Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.99 1.48 0.97

India Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.48 1.74 1.59 1.33 0.97

NSE:DPSCLTD vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, India Power's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


India Power Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, India Power's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where India Power's Cyclically Adjusted PS Ratio falls into.


NSE:DPSCLTD
67GF Score
India Power Corp Ltd NSE:DPSCLTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

India Power Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

India Power's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.32/7.30
=1.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

India Power's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, India Power's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.705/164.2724*164.2724
=1.705

Current CPI (Mar. 2026) = 164.2724.

India Power Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201306 1.829 88.365 3.400
201309 1.953 91.042 3.524
201312 1.605 91.425 2.884
201403 1.748 91.425 3.141
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 1.524 111.317 2.249
201809 1.388 115.142 1.980
201812 1.278 115.142 1.823
201903 0.763 118.202 1.060
201906 1.482 120.880 2.014
201909 1.211 123.175 1.615
201912 1.245 126.235 1.620
202003 1.284 124.705 1.691
202006 0.930 127.000 1.203
202009 0.737 130.118 0.930
202012 1.447 130.889 1.816
202103 1.334 131.771 1.663
202106 1.247 134.084 1.528
202109 0.882 135.847 1.067
202112 1.622 138.161 1.929
202203 1.199 138.822 1.419
202206 1.527 142.347 1.762
202209 1.049 144.661 1.191
202212 1.528 145.763 1.722
202303 1.532 146.865 1.714
202306 1.836 150.280 2.007
202309 1.697 151.492 1.840
202312 1.473 152.924 1.582
202403 1.506 153.035 1.617
202406 1.763 155.789 1.859
202409 1.570 157.882 1.634
202412 1.633 158.323 1.694
202503 1.404 157.552 1.464
202506 1.681 159.755 1.729
202509 2.033 162.289 2.058
202512 1.595 163.281 1.605
202603 1.705 164.272 1.705

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 1.00 mean?
India Power (NSE:DPSCLTD) has a Cyclically Adjusted PS Ratio of 1.00 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on India Power and its competitors. This is 41% below median its historical median of 1.70. Over the past decade, India Power's Cyclically Adjusted PS Ratio has ranged from 0.95 to 3.27. According to the industry distribution chart, India Power ranks #161 out of 438 companies in the Utilities - Regulated industry, placing it in the top 36.8%.
Is India Power's Cyclically Adjusted PS Ratio too high?
India Power's current Cyclically Adjusted PS Ratio of 1.00 is 41% below median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 3.27. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.45. India Power's value of 1.00 is 31% below this industry median. Based on the distribution chart, India Power ranks #161 out of 438 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, India Power has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does India Power's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, India Power ranks #161 out of 438 companies for Cyclically Adjusted PS Ratio. This puts India Power in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.45. India Power's value of 1.00 is 31% below this benchmark. Historically, India Power's own Cyclically Adjusted PS Ratio has ranged from 0.95 to 3.27 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.45, India Power has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.45, based on 438 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. India Power's current Cyclically Adjusted PS Ratio of 1.00 is 31% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on India Power and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Power's current Cyclically Adjusted PS Ratio is 1.00, which is 41% below median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Power stock overvalued right now?
Based on GuruFocus' analysis, India Power (NSE:DPSCLTD) is currently considered Possible Value Trap. The stock's GF Value™ is ₹19.44, compared to a current price of ₹7.32 — trading 62.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.00, which is 41% below median its 10-year median of 1.70 and 31% below the Utilities - Regulated industry median of 1.45. India Power's overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For India Power (NSE:DPSCLTD), the current Cyclically Adjusted PS Ratio is 1.00 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is India Power (NSE:DPSCLTD) Overvalued in 2026?

Based on GuruFocus' analysis, India Power stock appears to be undervalued. The current stock price of ₹7.32 is trading 62.3% below its estimated GF Value™ of ₹19.44. GuruFocus considers India Power to be Possible Value Trap.

Key valuation signals for NSE:DPSCLTD:

  • Cyclically Adjusted PS Ratio: 1.00 (41% below median its 10-year median of 1.70)
  • GF Value™: ₹19.44 vs. price of ₹7.32 (62.3% below fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 31% below the Utilities - Regulated median (#161 of 438)

No single metric tells the full story. See the NSE:DPSCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


India Power Business Description

Address Sector - V, Plot No. X1 - 2 and 3, Block - EP, Salt Lake City, Kolkata, WB, IND, 700 091
India Power Corp Ltd is an India-based power generation and utility company. It is involved in the renewable and conventional modes of power generation, distribution, and power trading. Along with conventional modes of power generation, it harnesses wind and solar energies to increase power generation capacity. The company's business segments are Regulated operations and Non-Regulated operations. The company derives maximum revenue from the Regulated operations.
67GF Score

Get the complete analysis for NSE:DPSCLTD

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹7.32
Price
₹19.44
GF Value