They have reported fantastic results on March - June Quarter.
Revenue was increased by 136%
Purely because of continuing rain and as per my knowledge some time back they had build new plants and those plants add more kWh units. Risk factor is rain. If we will have a very drought period in future power supply will decreased.
1st quarter Basic EPS was Rs.0.32
If they continue good results in future we can expect .32 x 4 = Rs. 1.28 Annualized EPS. (If we have mixed weather at least Rs.0.80 to Rs.0.90)
At present it trading at Rs.6.00 (Ex-dividend price)
They declared Rs.0.20 dividend and we can expect better div in the futures...
I guessed current prices are attractive to medium and long term investors. don't expect quick money but this is a safe counter with professional Management team . K.D.D.Perera is a 3rd main share holder and we all know VPEL one of his best expectation/Investment. VPEL will be give good value for potential Investors...