Promax Power Ltd
Incorporated in 2004, Promax Power
Ltd is involved in executing turnkey
power, substations, transmission
lines, and other activities[1]
- 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.
Peer comparison
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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
In beta| Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Completed EPC Turnkey Line Projects Number |
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| Maximum Voltage Handling Capability kV |
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| Order Book / Backlog INR Crores |
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| Transmission Line Execution Experience KMs |
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| New Orders Secured during the year (Announced) INR Crores |
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Extracted by Screener AI
Documents
Announcements
-
Non-Applicability Of Annual Secretarial Compliance Report Under Regulation 24 A Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended On March 31, 2026.
20 Apr - Promax Power says Annual Secretarial Compliance Report for FY26 is not applicable under Regulation 24A.
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
9 Apr - Postal ballot notice seeks approval for M/s Manish Jain & Associates as statutory auditor from December 25, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026.
-
Reply To Clarification On Price Movement
2 Apr - Company clarifies no pending price-sensitive information; share move attributed to market conditions.
-
Clarification Sought from Promax Power Ltd
1 Apr - Exchange has sought clarification from Promax Power Ltd on April 1, 2026 with reference to significant movement in price, in order to ensure that investors …
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