Power Mech Projects

₹4752.3 7.4 | 0.2%

WEBSITE BSE:539302 NSE : POWERMECH 10 May, 16:01

Market Cap ₹7512 Cr.

Stock P/E 30.1

P/B 4.2

Current Price ₹4752.3

Book Value ₹ 1126.9

Face Value 10

52W High ₹5544

Dividend Yield 0.04%

52W Low ₹ 2955.5

Edit Ratio

Power Mech Projects Research see more...

Overview Inc. Year: 1999Industry: Engineering - Construction

Power Mech Projects Ltd is a holding agency. The Company operates as an engineering and construction agency, which presents erection, testing and commissioning (ETC), civil and operation and maintenance offerings for power projects. It operates thru three segments: Erection, Civil and Operations, & Maintenance. Its offerings for thermal (coal and oil) gas, blended cycle and hydro plant comprises ETC of boiler, turbine, generator and auxiliaries; balance of plant (BOP); fabrication of power house, bunkers and BOP systems; annual operation and maintenance, and shutdown maintenance and overhauling. It offers ETC of structures, piping, tanks and commercial drives and auxiliaries to metallic, cement and petro chemical industries. The Company below civil and architectural category offers offerings, consisting of excavation, foundation concrete and slip form works. Its special services consist of re engineering, manufacture and repair of spares, and fabrication of heavy structures and vessels.

Power Mech Projects Share Price

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Peer Comparison

Power Mech Projects Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	539	646	902	747	771	909	1174	865	932	1107
Other Income	5	4	3	2	3	3	9	6	4	7
Total Income	544	650	905	749	774	912	1183	871	937	1115
Total Expenditure	482	578	808	663	685	806	1043	766	819	974
Operating Profit	63	72	98	86	90	106	140	105	118	141
Interest	17	20	24	20	21	24	24	20	25	23
Depreciation	9	9	10	10	10	10	13	10	10	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	37	43	64	55	58	71	104	74	83	107
Provision for Tax	8	11	18	14	15	19	25	24	29	43
Profit After Tax	29	32	47	42	43	52	79	51	54	63
Adjustments	-2	1	1	-2	1	-2	-3	0	-2	-2
Profit After Adjustments	27	33	48	39	44	51	75	51	51	62
Adjusted Earnings Per Share	18.4	22.4	32.4	26.8	29.8	34	50.5	34.2	34.4	38.9

Power Mech Projects Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	936	1200	1366	1378	1338	1548	2261	2165	1884	2710	3601	4078
Other Income	5	11	6	6	8	7	14	9	16	17	19	26
Total Income	940	1211	1372	1384	1346	1555	2275	2174	1900	2728	3620	4106
Total Expenditure	814	1045	1199	1196	1172	1346	1971	1894	1842	2424	3200	3602
Operating Profit	127	166	173	187	174	209	305	280	58	303	421	504
Interest	17	27	29	33	33	36	55	74	79	79	90	92
Depreciation	34	33	37	39	41	43	46	39	36	37	43	45
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	76	107	107	116	100	130	204	167	-60	185	280	368
Provision for Tax	25	39	35	41	36	39	62	37	-11	46	73	121
Profit After Tax	51	68	72	75	64	91	142	129	-49	138	207	247
Adjustments	0	-0	-0	0	1	-12	-19	3	4	2	3	-7
Profit After Adjustments	51	68	71	75	65	79	123	132	-44	140	210	239
Adjusted Earnings Per Share	0	0	0	51	44	54	82.7	89.2	-30.1	95.3	140.8	158

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	18%	18%	14%
Operating Profit CAGR	39%	15%	15%	13%
PAT CAGR	50%	17%	18%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	57%	99%	41%	NA%
ROE Average	18%	9%	12%	16%
ROCE Average	22%	14%	17%	20%

Power Mech Projects Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	204	274	355	555	621	698	819	951	905	1043	1275
Minority's Interest	0	0	0	0	2	14	8	8	4	3	1
Borrowings	28	27	37	21	15	28	54	30	16	35	26
Other Non-Current Liabilities	90	101	69	95	97	80	98	67	89	155	169
Total Current Liabilities	443	553	707	790	823	872	1102	1494	1456	1607	1901
Total Liabilities	765	956	1168	1462	1559	1692	2082	2551	2469	2843	3373
Fixed Assets	170	178	183	198	206	203	190	188	175	180	189
Other Non-Current Assets	105	180	181	236	252	245	336	322	303	345	372
Total Current Assets	490	598	803	1027	1100	1244	1556	2041	1991	2318	2812
Total Assets	765	956	1168	1462	1559	1692	2082	2551	2469	2843	3373

Power Mech Projects Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	10	11	12	2	9	52	16	30	14	73
Cash Flow from Operating Activities	18	27	4	-17	119	36	1	-48	122	175	182
Cash Flow from Investing Activities	-40	-42	-45	-63	-40	-42	-63	3	-47	-52	-91
Cash Flow from Financing Activities	29	16	42	71	-73	50	25	59	-91	-63	-120
Net Cash Inflow / Outflow	8	1	1	-9	6	44	-37	14	-16	60	-29
Closing Cash & Cash Equivalent	10	11	12	2	9	52	16	30	14	73	44

Power Mech Projects Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	51.04	43.96	53.98	82.68	89.23	-30.08	95.28	140.81
CEPS(Rs)	70.36	82.46	86.11	77.49	71.39	91.01	127.44	114.58	-8.74	119.23	167.82
DPS(Rs)	1	1.5	1	1	1	1	1	1	0	1.5	2
Book NAV/Share(Rs)	0	0	0	377.32	422.31	474.82	557	646.6	615.13	709.25	855.39
Core EBITDA Margin(%)	13.06	12.94	12.22	13.2	12.4	13.07	12.86	12.51	2.22	10.55	11.15
EBIT Margin(%)	9.96	11.11	9.95	10.77	9.92	10.73	11.46	11.12	1.03	9.75	10.26
Pre Tax Margin(%)	8.17	8.89	7.8	8.38	7.46	8.42	9.02	7.7	-3.18	6.81	7.77
PAT Margin (%)	5.47	5.68	5.24	5.44	4.79	5.88	6.26	5.96	-2.58	5.11	5.76
Cash Profit Margin (%)	9.06	8.42	7.93	8.27	7.85	8.65	8.29	7.79	-0.68	6.47	6.95
ROA(%)	7.65	7.92	6.74	5.7	4.24	5.6	7.51	5.57	-1.94	5.21	6.67
ROE(%)	28.52	28.54	22.81	16.5	10.9	13.8	18.67	14.59	-5.24	14.22	17.88
ROCE(%)	29.08	29.94	22.55	19.92	16.2	18.16	23.59	18.05	1.34	17.7	22.25
Receivable days	63.3	49.61	46.03	61.91	77.33	71.15	56.31	78.48	104.15	80.8	79.06
Inventory Days	5.91	6.62	7.53	8.39	10.23	10.72	11.29	18.47	23.34	16.99	14.44
Payable days	605.74	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	10.93	12.08	15.68	11.13	3.77	0	8.79	17.5
Price/Book(x)	0	0	0	1.48	1.26	1.78	1.65	0.52	0.95	1.18	2.88
Dividend Yield(%)	0	0	0	0.18	0.19	0.12	0.11	0.3	0	0.18	0.08
EV/Net Sales(x)	0.13	0.16	0.2	0.75	0.72	0.94	0.73	0.43	0.69	0.59	1.1
EV/Core EBITDA(x)	0.94	1.14	1.59	5.49	5.52	6.93	5.4	3.34	22.39	5.31	9.46
Net Sales Growth(%)	32.73	28.26	13.83	0.88	-2.9	15.66	46.09	-4.27	-12.96	43.86	32.86
EBIT Growth(%)	2.16	43.03	1.98	9.2	-10.64	25.2	55.95	-7.11	-91.97	1267.18	39.89
PAT Growth(%)	-2.37	33.29	4.95	4.77	-14.53	42.04	55.59	-8.85	-137.65	384.9	49.69
EPS Growth(%)	0	0	0	0	-13.86	22.77	53.17	7.93	-133.71	416.75	47.78
Debt/Equity(x)	0.81	0.91	0.93	0.45	0.34	0.43	0.46	0.54	0.56	0.51	0.37
Current Ratio(x)	1.11	1.08	1.14	1.3	1.34	1.43	1.41	1.37	1.37	1.44	1.48
Quick Ratio(x)	1.06	1.04	1.09	1.26	1.28	1.37	1.33	1.28	1.29	1.36	1.4
Interest Cover(x)	5.55	5.01	4.62	4.51	4.03	4.63	4.7	3.25	0.24	3.32	4.13
Total Debt/Mcap(x)	0	0	0	0.31	0.27	0.24	0.28	1.04	0.59	0.43	0.13

Power Mech Projects Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	63.69	63.69	63.69	63.69	64.17	64.17	64.12	64.05	60.4	60.38
FII	3.85	3.9	4.13	4.94	5.14	4.96	3.57	4.16	4.24	4.98
DII	8.34	8.34	8.34	9.42	10.28	10.77	13.48	14.53	18.56	19.44
Public	24.11	24.07	23.83	21.94	20.41	20.1	18.83	17.26	16.8	15.19
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.94	0.94	0.94	0.94	0.96	0.96	0.96	0.95	0.95	0.95
FII	0.06	0.06	0.06	0.07	0.08	0.07	0.05	0.06	0.07	0.08
DII	0.12	0.12	0.12	0.14	0.15	0.16	0.2	0.22	0.29	0.31
Public	0.35	0.35	0.35	0.32	0.3	0.3	0.28	0.26	0.27	0.24
Others	0	0	0	0	0	0	0	0	0	0
Total	1.47	1.47	1.47	1.47	1.49	1.49	1.49	1.49	1.58	1.58

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
Stock is trading at 4.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Power Mech Projects

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Power Mech Projects Research see more...

Overview Inc. Year: 1999Industry: Engineering - Construction

Power Mech Projects Share Price

Alert Data

Quarterly Price

Peer Comparison

Power Mech Projects Quarterly Results

Power Mech Projects Profit & Loss

Growth Rates

Power Mech Projects Balance Sheet

Power Mech Projects Cash Flow

Power Mech Projects Ratios

Power Mech Projects Shareholding Pattern

Power Mech Projects News

IPO

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