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Power Mech Projects Overview

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 ma...Read More

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Power Mech Projects Key Financials

Market Cap ₹7615 Cr.

Stock P/E 21.9

P/B 3.2

Current Price ₹2408.5

Book Value ₹ 754.1

Face Value 10

52W High ₹3415.5

Dividend Yield 0.05%

52W Low ₹ 1718

Power Mech Projects Share Price

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Volume
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Power Mech Projects Quarterly Price

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Power Mech Projects Peer Comparison

Power Mech Projects Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 932 1108 1302 1007 1035 1338 1853 1293 1238 1420
Other Income 4 7 10 9 10 9 17 11 11 13
Total Income 937 1115 1312 1017 1046 1347 1870 1305 1249 1433
Total Expenditure 819 974 1152 894 912 1137 1638 1122 1091 1260
Operating Profit 118 141 160 123 134 210 232 182 158 173
Interest 25 23 26 22 19 75 34 29 28 30
Depreciation 10 12 12 12 13 14 16 16 17 19
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 83 107 122 89 102 121 183 137 112 124
Provision for Tax 29 43 38 26 31 35 51 55 33 24
Profit After Tax 54 63 85 62 70 86 132 81 79 100
Adjustments -2 -2 -0 -2 -3 -4 -14 -29 -4 -6
Profit After Adjustments 51 62 85 60 67 82 117 53 75 94
Adjusted Earnings Per Share 17.2 19.5 26.7 19 21.2 25.9 37.1 16.6 23.7 29.7

Power Mech Projects Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1366 1378 1338 1548 2261 2165 1884 2710 3601 4207 5234 5804
Other Income 6 6 8 7 14 9 16 17 19 28 45 52
Total Income 1372 1384 1346 1555 2275 2174 1900 2728 3620 4235 5279 5857
Total Expenditure 1199 1196 1172 1346 1971 1894 1842 2424 3200 3711 4630 5111
Operating Profit 173 187 174 209 305 280 58 303 421 524 649 745
Interest 29 33 33 36 55 74 79 79 90 94 99 121
Depreciation 37 39 41 43 46 39 36 37 43 44 56 68
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 107 116 100 130 204 167 -60 185 280 382 491 556
Provision for Tax 35 41 36 39 62 37 -11 46 73 134 144 163
Profit After Tax 72 75 64 91 142 129 -49 138 207 248 348 392
Adjustments -0 -0 1 -12 -19 3 4 2 3 -0 -21 -53
Profit After Adjustments 71 75 65 79 123 132 -44 140 210 248 326 339
Adjusted Earnings Per Share 28.4 25.5 22 27 41.3 44.6 -15 47.6 70.4 78.5 103.3 107.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 24% 25% 19% 14%
Operating Profit CAGR 24% 29% 18% 14%
PAT CAGR 40% 36% 22% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% 21% 53% 23%
ROE Average 17% 17% 12% 14%
ROCE Average 23% 23% 18% 19%

Power Mech Projects Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 355 555 621 698 819 951 905 1043 1275 1838 2160
Minority's Interest 0 0 2 14 8 8 4 3 1 2 23
Borrowings 37 21 15 28 54 30 16 35 26 37 63
Other Non-Current Liabilities 69 95 97 80 98 67 89 155 169 262 284
Total Current Liabilities 707 790 823 872 1102 1494 1456 1607 1901 1883 2301
Total Liabilities 1168 1462 1559 1692 2082 2551 2469 2843 3372 4022 4831
Fixed Assets 183 198 206 203 190 188 175 180 189 231 323
Other Non-Current Assets 181 236 252 245 336 322 303 345 372 432 548
Total Current Assets 803 1027 1100 1244 1556 2041 1991 2318 2812 3359 3960
Total Assets 1168 1462 1559 1692 2082 2551 2469 2843 3372 4022 4831

Power Mech Projects Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 11 12 2 9 52 16 30 14 73 44 52
Cash Flow from Operating Activities 4 -17 119 36 1 -48 122 175 182 205 1
Cash Flow from Investing Activities -45 -63 -40 -42 -63 3 -47 -52 -91 -373 -193
Cash Flow from Financing Activities 42 71 -73 50 25 59 -91 -63 -120 176 232
Net Cash Inflow / Outflow 1 -9 6 44 -37 14 -16 60 -29 7 40
Closing Cash & Cash Equivalent 12 2 9 52 16 30 14 73 44 52 92

Power Mech Projects Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 28.37 25.52 21.98 26.99 41.34 44.62 -15.04 47.64 70.41 78.45 103.25
CEPS(Rs) 43.06 38.84 35.7 45.51 63.72 57.29 -4.37 59.62 83.91 92.48 127.56
DPS(Rs) 0.5 0.5 0.5 0.5 0.5 0.5 0 0.75 1 1 1.25
Book NAV/Share(Rs) 140.66 188.66 211.16 237.41 278.5 323.3 307.57 354.63 427.69 581.28 683.09
Core EBITDA Margin(%) 12.22 13.2 12.4 13.07 12.86 12.51 2.22 10.55 11.15 11.78 11.54
EBIT Margin(%) 9.95 10.79 9.92 10.73 11.46 11.12 1.03 9.75 10.26 11.32 11.28
Pre Tax Margin(%) 7.8 8.4 7.46 8.42 9.02 7.7 -3.18 6.81 7.77 9.09 9.39
PAT Margin (%) 5.24 5.46 4.79 5.88 6.26 5.96 -2.58 5.11 5.76 5.9 6.64
Cash Profit Margin (%) 7.93 8.29 7.85 8.65 8.29 7.79 -0.68 6.47 6.95 6.95 7.71
ROA(%) 6.74 5.73 4.24 5.6 7.51 5.57 -1.94 5.21 6.67 6.72 7.85
ROE(%) 22.81 16.56 10.9 13.8 18.67 14.59 -5.24 14.22 17.88 15.96 17.39
ROCE(%) 22.55 19.96 16.2 18.16 23.59 18.05 1.34 17.7 22.25 23.93 23.1
Receivable days 46.03 61.91 77.33 71.15 56.31 78.48 104.15 80.8 79.06 83.87 87.23
Inventory Days 7.53 8.39 10.23 10.72 11.29 18.47 23.34 16.99 14.44 11.68 11.15
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 10.93 12.08 15.68 11.13 3.77 0 8.79 17.5 31.92 26.33
Price/Book(x) 0 1.48 1.26 1.78 1.65 0.52 0.95 1.18 2.88 4.31 3.98
Dividend Yield(%) 0 0.18 0.19 0.12 0.11 0.3 0 0.18 0.08 0.04 0.05
EV/Net Sales(x) 0.2 0.75 0.72 0.94 0.73 0.43 0.69 0.59 1.1 1.86 1.67
EV/Core EBITDA(x) 1.59 5.49 5.52 6.93 5.4 3.34 22.39 5.31 9.46 14.95 13.44
Net Sales Growth(%) 13.83 0.88 -2.9 15.66 46.09 -4.27 -12.96 43.86 32.86 16.81 24.43
EBIT Growth(%) 1.98 9.4 -10.64 25.2 55.95 -7.11 -91.97 1267.18 39.89 28.88 24.03
PAT Growth(%) 4.95 5.16 -14.53 42.04 55.59 -8.85 -137.65 384.9 49.69 19.82 39.92
EPS Growth(%) 2.11 -10.06 -13.86 22.77 53.17 7.93 -133.71 416.75 47.78 11.43 31.61
Debt/Equity(x) 0.93 0.45 0.34 0.43 0.46 0.54 0.56 0.51 0.37 0.21 0.33
Current Ratio(x) 1.14 1.3 1.34 1.43 1.41 1.37 1.37 1.44 1.48 1.78 1.72
Quick Ratio(x) 1.09 1.26 1.28 1.37 1.33 1.28 1.29 1.36 1.4 1.72 1.64
Interest Cover(x) 4.62 4.52 4.03 4.63 4.7 3.25 0.24 3.32 4.13 5.07 5.94
Total Debt/Mcap(x) 0 0.31 0.27 0.24 0.28 1.04 0.59 0.43 0.13 0.05 0.08

Power Mech Projects Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 60.4 60.38 58.29 58.28 58.28 58.28 58.28 58.33 58.33 58.42
FII 4.24 4.98 5.25 4.98 4.97 4.74 5.07 7.01 6.55 6.47
DII 18.56 19.44 21.65 23.23 23.38 23.4 23.31 21.01 20.54 20.18
Public 16.8 15.19 14.82 13.5 13.37 13.58 13.33 13.66 14.59 14.93
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Power Mech Projects News

Power Mech Projects Pros & Cons

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Stock is trading at 3.2 times its book value.
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