Promax Power Ltd
Incorporated in 2004, Promax Power
Ltd is involved in executing turnkey
power, substations, transmission
lines, and other activities[1]
- Market Cap ₹ 41.2 Cr.
- Current Price ₹ 16.5
- High / Low ₹ 36.5 / 11.8
- Stock P/E 89.7
- Book Value ₹ 12.0
- Dividend Yield 0.00 %
- ROCE 7.79 %
- ROE 4.04 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 4.29% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.77%
- Working capital days have increased from 57.6 days to 136 days
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 36.87 | 39.57 | 54.55 | |
| 35.81 | 38.05 | 52.75 | |
| Operating Profit | 1.06 | 1.52 | 1.80 |
| OPM % | 2.87% | 3.84% | 3.30% |
| 0.38 | 0.17 | 0.41 | |
| Interest | 0.65 | 1.29 | 1.62 |
| Depreciation | 0.10 | 0.10 | 0.05 |
| Profit before tax | 0.69 | 0.30 | 0.54 |
| Tax % | 36.23% | 33.33% | -29.63% |
| 0.47 | 0.26 | 0.77 | |
| EPS in Rs | 0.53 | 0.22 | 0.31 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 135% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Equity Capital | 4.40 | 6.00 | 12.50 |
| Reserves | 0.52 | 0.78 | 10.95 |
| 6.09 | 9.78 | 10.06 | |
| 9.45 | 11.85 | 7.32 | |
| Total Liabilities | 20.46 | 28.41 | 40.83 |
| 2.52 | 2.33 | 0.46 | |
| CWIP | 0.00 | 0.00 | 0.00 |
| Investments | 0.04 | 0.10 | 0.16 |
| 17.90 | 25.98 | 40.21 | |
| Total Assets | 20.46 | 28.41 | 40.83 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 3.15 | -4.55 | -17.23 | |
| -1.63 | 0.10 | 2.16 | |
| -1.26 | 5.12 | 14.73 | |
| Net Cash Flow | 0.26 | 0.67 | -0.34 |
| Free Cash Flow | 2.42 | -4.45 | -15.20 |
| CFO/OP | 298% | -299% | -949% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 64.74 | 97.41 | 78.82 |
| Inventory Days | 77.74 | 116.28 | 95.16 |
| Days Payable | 97.48 | 103.63 | 39.84 |
| Cash Conversion Cycle | 45.00 | 110.05 | 134.14 |
| Working Capital Days | 16.73 | 20.39 | 135.76 |
| ROCE % | 11.53% | 7.79% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Completed EPC Turnkey Line Projects Number ・Standalone data |
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| Maximum Voltage Handling Capability kV ・Standalone data |
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| Order Book / Backlog INR Crores ・Standalone data |
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| Transmission Line Execution Experience KMs ・Standalone data |
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| New Orders Secured during the year (Announced) INR Crores ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
11 May - Shareholders approved Manish Jain & Associates as statutory auditors on May 9, 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
11 May - Shareholders approved Manish Jain & Associates as statutory auditors via postal ballot on 9 May 2026.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 11 May
-
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.
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