Promax Power Ltd

Promax Power Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Promax Power Ltd

₹ 14.6 -14.35%
15 Apr 3:40 p.m.
promax.co.in BSE - SME: 543375
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

Website BSE
  • Market Cap ₹ 36.4 Cr.
  • Current Price ₹ 14.6
  • High / Low ₹ 37.4 / 11.8
  • Stock P/E 79.1
  • Book Value ₹ 12.0
  • Dividend Yield 0.00 %
  • ROCE 7.79 %
  • ROE 4.04 %
  • Face Value ₹ 10.0
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Mar 2023
21.88 32.69
21.05 31.72
Operating Profit 0.83 0.97
OPM % 3.79% 2.97%
0.31 0.10
Interest 0.73 0.89
Depreciation 0.03 0.03
Profit before tax 0.38 0.15
Tax % -52.63% 26.67%
0.62 0.15
EPS in Rs 0.52 0.06
Raw PDF

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: -8%
1 Year: -46%
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
Order Book / Backlog
INR Crores ・Standalone data
Transmission Line Execution Experience
KMs ・Standalone data
New Orders Secured during the year (Announced)
INR Crores ・Standalone data

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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Documents

Announcements

Annual reports