Promax Power Ltd

Promax Power Ltd

₹ 18.6 -9.91%
24 Apr - close price
About

Incorporated in 2004, Promax Power
Ltd is involved in executing turnkey
power, substations, transmission
lines, and other activities[1]

Key Points

Business Overview:[1][2]
PPL was started with the objective of corporatizing and expanding the business of M/s Promax Technologies, a sole proprietorship. The company acquired the project management
and execution business of Promax Technologies on a slump sale basis, through an agreement dated March 31, 2020, valued at ₹ 1.82 crores.
Currently, the company is an ISO and OHSAS certified expert in executing EPC projects
across transmission lines, substations, electrification, and renewable energy.
It is engaged in the business of providing engineering, procurement, construction,
project management and commissioning
services on a Turnkey basis to the Power
Sector

  • Market Cap 46.6 Cr.
  • Current Price 18.6
  • High / Low 37.4 / 11.8
  • Stock P/E 19.2
  • Book Value 12.6
  • Dividend Yield 0.00 %
  • ROCE 11.0 %
  • ROE 8.10 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.14% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.77%

* 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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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
24.32 20.86 20.86 21.88 32.69 28.72 31.54 29.35 37.08 36.33
23.71 19.99 19.99 21.05 31.72 27.41 29.53 27.03 34.76 33.71
Operating Profit 0.61 0.87 0.87 0.83 0.97 1.31 2.01 2.32 2.32 2.62
OPM % 2.51% 4.17% 4.17% 3.79% 2.97% 4.56% 6.37% 7.90% 6.26% 7.21%
0.19 0.11 0.11 0.31 0.10 0.08 0.17 0.18 0.20 0.27
Interest 0.53 0.58 0.58 0.73 0.89 0.83 0.91 0.78 1.06 1.06
Depreciation 0.05 0.06 0.06 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Profit before tax 0.22 0.34 0.34 0.38 0.15 0.53 1.24 1.69 1.43 1.80
Tax % 45.45% 14.71% 14.71% -52.63% 26.67% 16.98% 25.81% 24.85% 25.87% 24.44%
0.12 0.29 0.29 0.59 0.12 0.44 0.93 1.27 1.07 1.36
EPS in Rs 0.14 0.33 0.24 0.49 0.05 0.22 0.46 0.51 0.43 0.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
0.00 7.76 36.87 39.58 54.55 60.26 66.42 73.41
0.00 7.34 35.81 38.06 52.75 56.93 61.79 68.47
Operating Profit 0.00 0.42 1.06 1.52 1.80 3.33 4.63 4.94
OPM % 5.41% 2.87% 3.84% 3.30% 5.53% 6.97% 6.73%
0.00 0.00 0.38 0.17 0.41 0.25 0.39 0.47
Interest 0.00 0.00 0.65 1.29 1.62 1.75 1.84 2.12
Depreciation 0.00 0.00 0.10 0.10 0.05 0.05 0.05 0.06
Profit before tax 0.00 0.42 0.69 0.30 0.54 1.78 3.13 3.23
Tax % 23.81% 36.23% 33.33% -29.63% 23.03% 24.92%
0.00 0.31 0.43 0.20 0.71 1.37 2.34 2.43
EPS in Rs 0.49 0.17 0.28 0.68 0.94 0.97
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 54%
3 Years: 19%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 50%
3 Years: 127%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -5%
1 Year: -43%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.01 0.01 4.40 6.00 12.50 12.50 25.00 25.00
Reserves 0.00 0.31 0.49 0.69 10.80 15.20 5.05 6.41
0.00 11.20 6.09 9.72 10.07 13.06 19.38 20.83
0.00 9.15 9.45 11.91 7.31 20.32 17.36 15.19
Total Liabilities 0.01 20.67 20.43 28.32 40.68 61.08 66.79 67.43
0.00 1.89 2.52 2.33 0.46 0.41 0.35 0.35
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.01 0.01 0.01 4.85 4.61 4.61
0.01 18.78 17.90 25.98 40.21 55.82 61.83 62.47
Total Assets 0.01 20.67 20.43 28.32 40.68 61.08 66.79 67.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.00 -6.66 3.15 -4.55 -17.29 1.99 -3.01
0.00 -1.80 -1.63 0.10 2.22 -4.59 0.39
0.00 11.20 -1.26 5.12 14.73 4.58 4.48
Net Cash Flow 0.00 2.75 0.26 0.67 -0.34 1.98 1.85
Free Cash Flow 0.00 -8.55 2.42 -4.45 -15.26 1.99 -3.01
CFO/OP -1,562% 298% -299% -953% 72% -48%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 333.02 64.74 97.38 78.82 144.82 116.56
Inventory Days 410.81 77.74 116.28 95.16 97.25 129.87
Days Payable 449.65 97.48 103.63 39.84 116.81 74.52
Cash Conversion Cycle 294.18 45.00 110.02 134.14 125.27 171.90
Working Capital Days 110.53 16.73 20.38 135.76 105.51 110.51
ROCE % 7.29% 8.71% 11.61% 7.83% 9.52% 11.02%

Insights

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Mar 2021 Mar 2022 Mar 2024 Mar 2025
Completed EPC Turnkey Line Projects
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Maximum Voltage Handling Capability
kV
Order Book / Backlog
INR Crores
Transmission Line Execution Experience
KMs
New Orders Secured during the year (Announced)
INR Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.74% 72.32% 64.80% 64.80% 71.20% 69.24% 69.24% 69.25% 69.26% 69.25% 69.25% 68.97%
0.03% 0.02% 0.00% 0.02% 0.11% 0.11% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
25.23% 27.65% 35.20% 35.18% 28.69% 30.65% 30.67% 30.66% 30.65% 30.66% 30.66% 30.94%
No. of Shareholders 126135133186198302365380374373380365

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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