Powerica Ltd
Incorporated in 1984, Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.[1]
- Market Cap ₹ 5,948 Cr.
- Current Price ₹ 471
- High / Low ₹ 677 / 365
- Stock P/E 21.9
- Book Value ₹ 168
- Dividend Yield 0.00 %
- ROCE 15.7 %
- ROE 17.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 80.1% CAGR over last 5 years
Cons
- Tax rate seems low
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 890 | 1,488 | 2,378 | 2,210 | 2,653 | 3,012 | 3,192 | |
| Sales growth | +67% | +60% | -7% | +20% | +14% | +11% | |
| 762 | 1,302 | 2,031 | 1,848 | 2,317 | 2,636 | 2,798 | |
| Operating Profit | 128 | 186 | 347 | 362 | 336 | 376 | 394 |
| OPM % | 14% | 12% | 15% | 16% | 13% | 12% | 12% |
| 37 | 36 | 44 | 147 | 67 | 54 | 50 | |
| Interest | 39 | 47 | 56 | 41 | 33 | 25 | 15 |
| Depreciation | 111 | 117 | 136 | 128 | 116 | 117 | 141 |
| Profit before tax | 14 | 59 | 200 | 341 | 253 | 287 | 287 |
| Tax % | 205% | 66% | 40% | 34% | 32% | 3% | |
| -16 | 20 | 106 | 226 | 163 | 267 | 278 | |
| EPS in Rs | -1.14 | 1.43 | 7.70 | 20.80 | 15.00 | 21.12 | 22.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 8% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 36% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 14 | 14 | 63 | 63 |
| Reserves | 729 | 674 | 779 | 899 | 1,071 | 1,928 | 2,062 |
| 399 | 386 | 279 | 182 | 312 | 572 | 46 | |
| 584 | 1,072 | 1,051 | 990 | 1,018 | 1,368 | 1,108 | |
| Total Liabilities | 1,729 | 2,149 | 2,126 | 2,085 | 2,415 | 3,931 | 3,279 |
| 981 | 863 | 1,091 | 951 | 865 | 1,211 | 1,153 | |
| CWIP | 11 | 320 | 4 | 23 | 352 | 179 | 283 |
| Investments | 204 | 242 | 394 | 333 | 395 | 403 | 555 |
| 532 | 724 | 636 | 777 | 802 | 2,137 | 1,289 | |
| Total Assets | 1,729 | 2,149 | 2,126 | 2,085 | 2,415 | 3,931 | 3,279 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 219 | 214 | 257 | 283 | 249 | 453 | |
| -95 | -78 | -99 | -14 | -337 | -1,394 | |
| -80 | -135 | -165 | -268 | 84 | 1,001 | |
| Net Cash Flow | 44 | 0 | -6 | 2 | -4 | 60 |
| Free Cash Flow | -20 | 152 | 211 | 154 | -59 | -121 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 178% | 117% | 81% | 95% | 91% | 133% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 54 | 63 | 40 | 53 | 55 | 41 |
| Inventory Days | 56 | 54 | 47 | 68 | 42 | 60 |
| Days Payable | 71 | 95 | 55 | 77 | 53 | 72 |
| Cash Conversion Cycle | 39 | 21 | 33 | 44 | 44 | 29 |
| Working Capital Days | -47 | -107 | -84 | -23 | -16 | -26 |
| ROCE % | 10% | 24% | 27% | 22% | 16% |
Insights
In beta| Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | Oct 2026 | |
|---|---|---|---|---|---|---|---|
| Wind Power Installed Capacity (IPP) MW |
|
||||||
| Top 10 Customer Concentration (% of total revenue) % |
|||||||
| Wind Power Average Plant Availability % |
|||||||
| Wind Power Plant Load Factor (Average CUF) % |
|||||||
| DG Sets Sold (powered by Cummins engines) units |
|||||||
| Manufacturing Capacity Utilization - DG Sets (Silvassa plant) % |
|||||||
| DG Set Order Book (Cummins-powered) INR crore |
|||||||
| Wind EPC Order Book for BoP (incl. LOA) MW |
|||||||
Extracted by Screener AI
Documents
Announcements
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (''SEBI LODR Regulations'') Regarding Update On Ongoing Tax Litigation
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper advertisement pertaining to the extract of the Unaudited Financial Results for the quarter and half year ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Earnings Conference Call for Q2 & H1 FY27
-
The Statement Of Deviation(S) Or Variation(S) For The Quarter Ended September 30, 2026
- Board approved Q2 FY27 results, sold 49% Windstride stake to GE Renewable, and issued postal ballot on subsidiary loan.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q2 FY27 results approved; 49% Windstride stake sold to GE Renewable R&D India; subsidiary stays 51% held.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from web
-
Annual Report 2024
from web
-
Annual Report 2023
from web
Concalls
-
Nov 2026PPT
-
Aug 2026Transcript PPT REC
-
Jun 2026Transcript PPT
-
Apr 2026PPT
Business Profile[1]
Powerica Ltd is an integrated power solutions provider established in 1984, offering Diesel Generator (DG) sets, Medium Speed Large Generators (MSLG), and Wind Power solutions (IPP, EPC & O&M). The company has maintained a long-standing OEM relationship with Cummins spanning 40+ years