Positron Energy Ltd
Incorporated in 2008, Positron Energy Ltd provides gas distribution solutions and management & technical advisory services[1]
- Market Cap ₹ 170 Cr.
- Current Price ₹ 223
- High / Low ₹ 420 / 220
- Stock P/E 9.41
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 41.8 %
- ROE 38.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.0%
- Debtor days have improved from 48.2 to 34.8 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.6.55 Cr.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 9 | 51 | 135 | 337 | 424 | |
| 8 | 48 | 123 | 316 | 406 | |
| Operating Profit | 1 | 3 | 12 | 21 | 18 |
| OPM % | 10% | 6% | 9% | 6% | 4% |
| 0 | 1 | 1 | 3 | 7 | |
| Interest | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 12 | 22 | 23 |
| Tax % | 25% | 25% | 26% | 19% | |
| 1 | 2 | 9 | 18 | 18 | |
| EPS in Rs | 17.00 | 61.38 | 15.78 | 23.39 | 23.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 238% |
| TTM: | 174% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 211% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| Last Year: | 38% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.35 | 0.35 | 6 | 8 | 8 |
| Reserves | 4 | 6 | 9 | 71 | 76 |
| 4 | 7 | 10 | 7 | 5 | |
| 2 | 12 | 16 | 29 | 36 | |
| Total Liabilities | 10 | 25 | 41 | 115 | 125 |
| 2 | 2 | 2 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 8 | 23 | 39 | 113 | 123 | |
| Total Assets | 10 | 25 | 41 | 115 | 125 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | 5 | 7 | 7 | |
| -1 | -1 | 1 | -1 | |
| 0 | -1 | 2 | 42 | |
| Net Cash Flow | 1 | 4 | 10 | 48 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 87 | 70 | 40 | 35 |
| Inventory Days | 91 | 33 | 9 | 6 |
| Days Payable | 25 | 64 | 16 | 29 |
| Cash Conversion Cycle | 153 | 39 | 32 | 12 |
| Working Capital Days | -35 | -25 | -11 | 9 |
| ROCE % | 31% | 64% | 42% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
20 November 2025 - Transcript: 2026 GSPA ~₹378 crore; H1 FY26 revenue ₹156.88 crore; order book ₹495.79 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
14 November 2025 - Investor one-to-one meeting with Finavenue Growth Fund on 14 Nov 2025; no UPSI shared.
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Analysts/Institutional Investor Meet/Con. Call Updates
14 November 2025 - Audio recording of Positron Energy earnings call on 14-Nov-2025; no UPSI.
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Investor Presentation
12 November 2025 - Signed 2026 GSPA to deliver 3.285 TBTU R-LNG; estimated turnover ₹378 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
11 November 2025 - Earnings call on Nov 14, 2025 at 11:30 AM IST via Zoom hosted by Finportal.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Jun 2025Transcript PPT
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Apr 2025TranscriptPPT
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Feb 2025TranscriptPPT
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Feb 2025TranscriptPPTREC
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Nov 2024TranscriptNotesPPT
Business Overview:[1]
PEL, an ISO 9001:2015 & ISO 45001:2018 certified company, specializes in management and technical advisory services for the oil and gas industry. It provides end-to-end gas distribution solutions, including commercial and financial advisory, project management, and O&M services.