Rosseti Volga |
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Compilation Date: | 21 Aug 24 |
Company Overview
General Info | |
Full Company Name | PJSC "Rosseti Volga" |
Industrial Group | Power Industry |
Number of Employees | 21,214 |
Registration Date | 29 Jun 07 |
Registered Address | 42/44, Pervomayskaya St., Saratov, 410031 |
Main Office | 42/44, Pervomayskaya St., Saratov, 410031 |
Telephone / Fax | (8452) 30-26-59 / (8452) 28-53-70, 28-54-10 |
e-mail | office@mrsk-volgi.ru |
Internet Home Page | hwww.mrsk-volgi.ru |
Registrar | Closed JSC "VTB Registrar" |
Auditor | LLC "CATR-audit services" |
Financial Adviser | n. a. |
Legal Adviser | n. a. |
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Corporate Management |
Chairman of the Board | Mayorov A. V. | General Director | Vladimir Ryabikin |
Price Highlights | |
Price per Common Share, USD | 0.000675 |
YTD Price Change, % | 10.85 |
P/E Ratio | 4.6317 |
Market Capitalization, USD | 127,022,606 |
Common Shares in Free Float, % | 19.00 |
Operations Summary | |
"Interregional Distribution Grid Company of Volga", Joint-Stock Company was established on June 29, 2007 in Saratov. The Board of Directors of OAO RAO UES of Russia took the decision to create IDGC of Volga, JSC on April 27, 2007, when the new IDGC configuration was established. Since April 1, 2008 JSC “IDGC of Volga” has been functioning as the unified operating company with branches "Mordovenergo", "Orenburgenergo", "Penzaenergo", "Samara distribution grids", "Saratov distribution grids", "Ulyanovsk distribution grids" and "Chuvashenergo". The Company activity covers 7 regions of 403 thousand square km of total area, with the population over 13 million people. The total length of transmission lines exceeds 223 thousand km. The estimated amount of capital investments in the construction, upgrading and reconstruction of the facilities of IDGC of Volga, JSC for the 2012-2017 period totals RUB 52,012 million, including upgrading and reconstruction in the amount of RUB 44,692 million or 85.9%, new construction in the amount of RUB 7,181 million or 13.8 %; other investments (purchase of fixed assets) – RUB 140 million or 0.3 %. The International rating agency Moody's Investors Service appropriated the international credit rating of Ba2. |
Shares Information
Charter Capital Structure |
Type of Share | Shares Outstanding | Nominal Value |
Common Share | 188,307,958,733 | 0.10 RUR |
Major Shareholders |
Name | % of Voting Stock | % of Charter Capital |
PJSC "Federal Grid Company- Rosseti" | n. a. | 68.47 | PJSC "ROSSETI" | 67.97 | 67.97 | ENERGYO SOLUTIONS RUSSIA (CUPRUS) LIMITED | 11.47 | 11.47 |
Equity Positions in Other Companies |
Name | % of Charter Capital |
JSC "Social Sphere-M" | 100.00 | JSC "Volga Energoservice" | 100.00 | JSC "Sanatorium Sunny" | 99.99 | JSC "Chuvash Auto Transport Company" | 99.99 |
Dividends History |
Period | Payment per Share, USD | Number of Shares | Ex-Date | Payment Date | Payout Ratio, % | Dividend Yield, % |
2007 / com | n. p. | 178,577,801,146 | - | - | - | - | 2008 / com | n. p. | 178,577,801,146 | - | - | - | - | 2009 / com | n. p. | 178,577,801,146 | - | - | - | - | 2010 / com | n. p. | 178,577,801,146 | - | - | - | - | 2011 / com | 0.000036 | 178,577,801,146 | 02 May 12 | 12 Aug 12 | 14.295094 | 1.443456 | 2012 / com | 0.000049 | 178,577,801,146 | 29 Apr 13 | 10 Aug 13 | 23.640468 | 2.021314 | 2013 / com | 0.000003 | 178,577,801,146 | 09 Jul 14 | 13 Aug 14 | 28.676616 | 0.400934 | 2014 / com | 0.000002 | 178,577,801,146 | 26 Jun 15 | 31 Jul 15 | 26.029486 | 0.353248 | 2015 / com | 0.000019 | 181,094,601,146 | 27 Jun 16 | 01 Aug 16 | 87.799073 | 7.221577 | 2016 / com | 0.000121 | 181,094,601,146 | 23 Jun 17 | 31 Jul 17 | 106.874958 | 13.063813 | 2017 / com | 0.000238 | 188,307,958,733 | 11 Jun 18 | 18 Jul 18 | 56.557951 | 13.365198 | 2018 / com | 0.00021 | 188,307,958,733 | 07 Jun 19 | 16 Jul 19 | 58.438816 | 14.888884 | 9M19 / com | 0.000085 | 188,307,958,733 | 13 Jan 20 | 18 Feb 20 | 70.180668 | 5.930789 | 2019 / com | 0.000015 | 188,307,958,733 | 08 Jun 20 | 17 Jul 20 | 6.982217 | 1.046412 | 2020 / com | n. p. | 188,307,958,733 | - | - | - | - | 2021 / com | 0.000005 | 188,307,958,733 | 27 Jun 22 | 02 Aug 22 | 59.898895 | 0.775427 | 2022 / com | n. p. | 188,307,958,733 | - | - | - | - |
Stock Market
Instruments on Exchanges |
Type of Instrument | Ticker | ISIN | Market |
Rosseti Volga | MRKV | RU000A0JPPN4 | MOEX |
Price Chart |
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Participation in DR Programs |
Level | Effective Date | Underlying Share Ratio | CUSIP | Depositary Bank |
No DRs issued. |
Weightings in Indices |
Name | Weight | Inclusion Date | Notes |
Does not constitute to any indices. |
Key Financial Characteristics
Balance Sheet |
| 31 Dec 22 | 31 Dec 23 | 30 Jun 24 | 31 Dec 22 | 31 Dec 23 | 30 Jun 24 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
RUR/USD Exchange rate | 71.98 | 89.69 | 84.96 |
ASSETS, of which | 74,761.21 | 77,258.92 | 78,711.71 | 1,038.66 | 861.44 | 926.44 |
Fixed Assets and Other Non-current Assets, of which | 63,765.49 | 66,821.35 | 64,988.45 | 885.89 | 745.06 | 764.91 |
| Fixed Assets | 62,223.22 | 65,309.26 | 63,329.16 | 864.47 | 728.2 | 745.38 |
| Intangible Assets | 20.47 | 32.41 | 314.97 | 0.28 | 0.36 | 3.71 |
| Other Assets | 1,521.8 | 1,479.68 | 1,344.32 | 21.14 | 16.5 | 15.82 |
Current Assets, of which | 10,995.72 | 10,437.57 | 13,723.26 | 152.76 | 116.38 | 161.52 |
| Inventories | 1,440.72 | 1,594.03 | 2,166.65 | 20.02 | 17.77 | 25.5 |
| Accounts Receivable | 8,626.22 | 5,823.49 | 6,269.7 | 119.84 | 64.93 | 73.79 |
| Cash | 316.9 | 2,389.04 | 4,352.99 | 4.4 | 26.64 | 51.23 |
| Other Current Assets | 611.88 | 631.02 | 933.92 | 8.5 | 7.04 | 10.99 |
OWNER'S EQUITY, of which | 45,029.31 | 47,357.14 | 47,585.68 | 625.59 | 528.03 | 560.08 |
| Charter Capital | 18,830.8 | 18,840.8 | 18,830.8 | 261.62 | 210.07 | 221.64 |
| Reserves | 941.54 | 931.54 | 941.54 | 13.08 | 10.39 | 11.08 |
| Retained Earnings | 25,256.97 | 27,584.8 | 27,813.35 | 350.9 | 307.57 | 327.36 |
LIABILITIES, of which | 29,731.9 | 29,901.79 | 31,126.03 | 413.07 | 333.4 | 366.35 |
| Long-Term Debt | 1,815 | 5,610 | 6,900 | 25.22 | 62.55 | 81.21 |
| Short-Term Debt | 6,262.01 | 31.03 | 29.8 | 87 | 0.35 | 0.35 |
| Accounts Payable | 11,182.16 | 12,636.2 | 10,296.58 | 155.35 | 140.89 | 121.19 |
| Other Liabilities | 10,472.73 | 11,624.55 | 13,899.65 | 145.5 | 129.61 | 163.6 |
Financial data standard | RAS | RAS | RAS | RAS | RAS | RAS |
Audited | Audited | Unaudited | Audited | Audited | Unaudited |
Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated |
P&L Account |
| 31 Dec 22 | 31 Dec 23 | 30 Jun 24 | 31 Dec 22 | 31 Dec 23 | 30 Jun 24 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
Average RUR/USD Exchange rate | 68.64 | 85.55 | 90.65 |
Sales | 66,618.53 | 76,810.15 | 38,690.17 | 970.55 | 897.82 | 426.8 |
Production Costs | 66,711.86 | 72,993.83 | 36,808.52 | 971.91 | 853.21 | 406.04 |
Operating Profit | -93.33 | 3,816.32 | 1,881.65 | -1.36 | 44.61 | 20.76 |
Other Income | -1,171.08 | -808.88 | -38.55 | -17.06 | -9.45 | -0.43 |
Income Before Taxes | -1,294.4 | 3,007.45 | 1,843.1 | -18.86 | 35.15 | 20.33 |
Net Income | -1,101.34 | 2,320.25 | 1,428.25 | -16.05 | 27.12 | 15.76 |
Financial data standard | | | | | | |
Audited | Audited | Unaudited | Audited | Audited | Unaudited |
Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated | Non-consolidated |
Key Ratios |
| 31 Dec 22 | 31 Dec 23 | 30 Jun 24 |
Company Valuation Coefficients | |
P/BV | 0.11 | 0.22 | 0.27 |
P/S | 0.07 | 0.13 | 0.18 |
P/E | neg. | 4.18 | 4.63 |
Company Efficiency Coefficients | |
Sales/Employee, USD thnd | 47.21 | 42.83 | 39.64 |
Net Profit Margin, % | neg. | 3.02 | 3.90 |
ROA, % | neg. | 2.89 | 3.28 |
ROE, % | neg. | 4.76 | 5.38 |
Turnover Coefficients | |
Receivables Turnover | 9.24 | 9.83 | 10.87 |
Assets Turnover | 1.00 | 0.96 | 0.84 |
Inventory Turnover | 50.27 | 48.08 | 35.30 |
Liabilities Turnover | 2.62 | 2.43 | 2.15 |
Capital Structure Coefficients | |
Equity Ratio | 0.60 | 0.61 | 0.60 |
Debt Ratio | 0.40 | 0.39 | 0.40 |
Equity/Debt | 1.51 | 1.58 | 1.53 |
Current Liquidity | 0.60 | 0.74 | 1.14 |
Quick Liquidity | 0.52 | 0.63 | 0.96 |
Production Overview
Production |
Product | Measure | 2021 | 2022 | 1Q23 | Units |
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Volume of electric power transferred | 1,000,000 | 49,719.24 | 49,067.36 | 13,142.63 | kWh |
Capacity |
Product | Measure | Capacity | Units |
Installed capacity of transformer substations PS 35kV and more. | 1 | 28,262.7 | MW | Installed capacity of transformer substations TP 6-35/0,4kV | 1 | 7,990.9 | MW |
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