Power Mech Projects Ltd

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

Power Mech Projects Ltd

₹ 5,244 -0.30%
24 Apr - close price
powermechprojects.com BSE: 539302 NSE : POWERMECH
About

Power Mech Projects Limited, incorporated in 1999, is an engineering and construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M). The company undertakes ultra mega power projects, super critical thermal power projects and sub critical power projects.[1][2]

Key Points

Business Units
The company has 8 strategic units namely Industrial Services, Industrial Construction, Overseas Business, Electrical Transmission & Distribution, Infrastructure Construction, Hydro Power & Water, Manufacturing & Heavy Fabrication, and Mining. [1]

Website BSE NSE
  • Market Cap ₹ 8,289 Cr.
  • Current Price ₹ 5,244
  • High / Low ₹ 5,550 / 2,572
  • Stock P/E 35.2
  • Book Value ₹ 837
  • Dividend Yield 0.04 %
  • ROCE 23.0 %
  • ROE 18.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.2% CAGR over last 5 years
  • Company's working capital requirements have reduced from 153 days to 122 days

Cons

  • Stock is trading at 6.27 times its book value
  • Company has a low return on equity of 10.9% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
465 730 601 521 623 886 728 752 894 1,158 845 915 1,071
440 658 538 467 560 794 647 667 792 1,029 748 804 942
Operating Profit 25 72 62 55 63 92 81 85 102 129 98 111 130
OPM % 5% 10% 10% 10% 10% 10% 11% 11% 11% 11% 12% 12% 12%
8 10 5 5 8 6 2 2 2 7 4 4 7
Interest 19 21 19 16 19 22 20 21 24 23 20 25 22
Depreciation 8 8 8 9 8 9 9 10 10 12 10 10 11
Profit before tax 6 53 41 35 44 68 54 57 70 101 72 80 103
Tax % 26% 27% 25% 22% 24% 26% 25% 26% 27% 25% 33% 36% 42%
5 39 31 27 33 50 40 42 51 76 48 51 60
EPS in Rs 3.08 26.55 20.83 18.43 22.69 33.87 27.18 28.52 34.40 51.03 32.10 34.45 38.20
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
705 933 1,187 1,356 1,362 1,291 1,310 1,737 2,045 1,754 2,631 3,532 3,989
592 812 1,033 1,190 1,182 1,129 1,146 1,511 1,798 1,709 2,356 3,135 3,522
Operating Profit 113 121 154 165 180 162 164 225 247 46 276 397 468
OPM % 16% 13% 13% 12% 13% 13% 12% 13% 12% 3% 10% 11% 12%
16 5 12 6 6 7 7 14 9 20 22 13 22
Interest 13 17 26 29 32 31 33 50 72 78 76 88 90
Depreciation 39 33 33 37 39 40 36 39 36 33 34 41 42
Profit before tax 78 75 107 105 114 98 101 151 148 -46 187 282 356
Tax % 33% 34% 36% 33% 35% 35% 35% 37% 25% 24% 25% 26%
52 50 68 71 74 64 66 96 111 -35 141 209 236
EPS in Rs 48.74 46.60 62.44 56.19 50.22 43.29 44.80 65.08 75.23 -23.53 95.82 140.39 155.78
Dividend Payout % 2% 2% 2% 2% 2% 2% 2% 2% 1% 0% 2% 1%
Compounded Sales Growth
10 Years: 14%
5 Years: 22%
3 Years: 20%
TTM: 22%
Compounded Profit Growth
10 Years: 15%
5 Years: 26%
3 Years: 24%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 111%
1 Year: 98%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 11%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 13 15 15 15 15 15 15 15 15 15
Reserves 144 192 263 341 538 602 667 762 871 837 979 1,212 1,308
117 165 209 257 235 193 282 365 515 515 510 476 458
300 396 471 421 491 455 478 644 757 765 983 1,254 1,206
Total Liabilities 572 764 953 1,032 1,279 1,265 1,441 1,786 2,158 2,131 2,487 2,956 2,987
169 169 173 178 192 161 149 155 154 143 152 162 162
CWIP 4 7 7 9 7 8 6 3 3 5 2 2 3
Investments 0 0 5 7 7 9 11 14 14 16 16 14 14
399 587 768 838 1,073 1,086 1,276 1,613 1,988 1,967 2,317 2,778 2,808
Total Assets 572 764 953 1,032 1,279 1,265 1,441 1,786 2,158 2,131 2,487 2,956 2,987

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
60 22 26 10 -24 91 1 12 -63 105 177 159
-67 -32 -45 -38 -54 -12 -31 -60 4 -37 -38 -91
6 25 20 28 69 -74 54 31 69 -80 -80 -99
Net Cash Flow -0 15 1 0 -9 5 24 -17 10 -12 59 -32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 76 68 46 52 73 75 88 82 84 101 89 92
Inventory Days 73 109 119 148 107 135 73
Days Payable 446 827 919 1,066 923 778 630
Cash Conversion Cycle -297 -650 -754 -866 -743 -567 -469 82 84 101 89 92
Working Capital Days 22 30 35 59 104 121 153 138 160 193 143 122
ROCE % 41% 29% 31% 25% 21% 16% 15% 19% 17% 2% 19% 23%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.70% 63.70% 63.69% 63.69% 63.69% 63.69% 64.17% 64.17% 64.12% 64.05% 60.40% 60.38%
2.91% 3.77% 3.85% 3.90% 4.13% 4.94% 5.14% 4.96% 3.57% 4.16% 4.24% 4.98%
10.18% 8.11% 8.34% 8.34% 8.35% 9.42% 10.27% 10.76% 13.47% 14.53% 18.57% 19.44%
23.20% 24.42% 24.11% 24.07% 23.83% 21.95% 20.41% 20.10% 18.83% 17.25% 16.80% 15.19%
No. of Shareholders 16,22916,91915,47216,10015,44716,92516,94821,21521,79125,45923,90726,730

* 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

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