Power Mech Projects Ltd
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]
- Market Cap ₹ 7,178 Cr.
- Current Price ₹ 2,273
- High / Low ₹ 3,009 / 1,718
- Stock P/E 20.8
- Book Value ₹ 758
- Dividend Yield 0.07 %
- ROCE 17.2 %
- ROE 13.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Contingent liabilities of Rs.3,022 Cr.
- Dividend payout has been low at 1.41% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -5.64%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,356 | 1,362 | 1,291 | 1,310 | 1,737 | 2,045 | 1,754 | 2,631 | 3,532 | 4,059 | 4,435 | 4,728 | 4,970 | |
| 1,190 | 1,182 | 1,129 | 1,146 | 1,511 | 1,798 | 1,709 | 2,356 | 3,135 | 3,585 | 3,948 | 4,247 | 4,452 | |
| Operating Profit | 165 | 180 | 162 | 164 | 225 | 247 | 46 | 276 | 397 | 474 | 488 | 481 | 519 |
| OPM % | 12% | 13% | 13% | 12% | 13% | 12% | 2.6% | 10% | 11% | 12% | 11% | 10% | 10% |
| 6 | 6 | 7 | 7 | 14 | 9 | 20 | 22 | 13 | 28 | 66 | 72 | 86 | |
| Interest | 29 | 32 | 31 | 33 | 50 | 72 | 78 | 76 | 88 | 91 | 86 | 101 | 96 |
| Depreciation | 37 | 39 | 40 | 36 | 39 | 36 | 33 | 34 | 41 | 41 | 48 | 65 | 72 |
| Profit before tax | 105 | 114 | 98 | 101 | 151 | 148 | -46 | 187 | 282 | 370 | 419 | 387 | 437 |
| Tax % | 33% | 35% | 35% | 35% | 37% | 25% | -24% | 25% | 26% | 35% | 28% | 23% | |
| 71 | 74 | 64 | 66 | 96 | 111 | -35 | 141 | 209 | 241 | 301 | 298 | 344 | |
| EPS in Rs | 28.06 | 25.13 | 21.66 | 22.41 | 32.56 | 37.64 | -11.77 | 47.95 | 70.22 | 76.15 | 95.06 | 94.37 | 108.89 |
| Dividend Payout % | 2% | 2% | 2% | 2% | 2% | 1% | 0% | 2% | 1% | 1% | 1% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 22% |
| 3 Years: | 10% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 60% |
| 3 Years: | 12% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 35% |
| 3 Years: | 4% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 15% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 32 | 32 |
| Reserves | 341 | 538 | 602 | 667 | 762 | 871 | 837 | 979 | 1,212 | 1,791 | 2,074 | 2,363 |
| 257 | 235 | 193 | 282 | 365 | 515 | 515 | 510 | 476 | 353 | 637 | 490 | |
| 421 | 491 | 455 | 478 | 644 | 757 | 765 | 983 | 1,254 | 1,240 | 1,590 | 2,192 | |
| Total Liabilities | 1,032 | 1,279 | 1,265 | 1,441 | 1,786 | 2,158 | 2,131 | 2,487 | 2,956 | 3,400 | 4,331 | 5,077 |
| 178 | 192 | 161 | 149 | 155 | 154 | 143 | 152 | 162 | 182 | 270 | 372 | |
| CWIP | 9 | 7 | 8 | 6 | 3 | 3 | 5 | 2 | 2 | 10 | 28 | 172 |
| Investments | 7 | 7 | 9 | 11 | 14 | 14 | 16 | 16 | 14 | 15 | 15 | 15 |
| 838 | 1,073 | 1,086 | 1,276 | 1,613 | 1,988 | 1,967 | 2,317 | 2,778 | 3,193 | 4,019 | 4,518 | |
| Total Assets | 1,032 | 1,279 | 1,265 | 1,441 | 1,786 | 2,158 | 2,131 | 2,487 | 2,956 | 3,400 | 4,331 | 5,077 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | -24 | 91 | 1 | 12 | -63 | 105 | 177 | 159 | 180 | -24 | 388 | |
| -38 | -54 | -12 | -31 | -60 | 4 | -37 | -38 | -91 | -329 | -169 | -127 | |
| 28 | 69 | -74 | 54 | 31 | 69 | -80 | -80 | -99 | 137 | 189 | -250 | |
| Net Cash Flow | 0 | -9 | 5 | 24 | -17 | 10 | -12 | 59 | -32 | -12 | -4 | 11 |
| Free Cash Flow | -34 | -74 | 81 | -20 | -28 | -88 | 80 | 135 | 110 | 116 | -173 | 80 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 29% | 6% | 80% | 24% | 26% | 3% | 292% | 86% | 58% | 53% | 22% | 109% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 73 | 75 | 88 | 82 | 84 | 101 | 89 | 92 | 87 | 116 | 116 |
| Inventory Days | 148 | 107 | 135 | 73 | 73 | 92 | ||||||
| Days Payable | 1,066 | 923 | 778 | 630 | 411 | 446 | ||||||
| Cash Conversion Cycle | -866 | -743 | -567 | -469 | 82 | 84 | 101 | 89 | 92 | 87 | -223 | -238 |
| Working Capital Days | 6 | 54 | 76 | 87 | 81 | 85 | 90 | 77 | 75 | 101 | 103 | 121 |
| ROCE % | 25% | 21% | 16% | 15% | 19% | 17% | 2% | 19% | 23% | 24% | 21% | 17% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | May 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Order Backlog (including MDO) INR Cr |
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| O&M Unit Capacity under Management MW |
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| Concreting Works Cumulative Volume Lakhs m3 |
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| Erection Works Cumulative Volume Lakhs MT |
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| O&M Domestic Projects Count |
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| Total Ongoing Projects Count |
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| Order Backlog (excluding MDO) INR Cr |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Power Mech won ₹327.35 crore, 48-month O&M order from Vedanta Aluminium for Odisha power plant.
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Intimation Regarding Issuance Of Corporate Guarantee
- Power Mech issued Rs. 469 crore corporate guarantee for subsidiary KTMPL’s project capex financing.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Power Mech secured ₹549.37 crore O&M contract for 2x600 MW Moxie Power Tuticorin TPP over 60 months.
- Closure of Trading Window
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Concalls
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Sep 2026PPT
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Feb 2026PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2023PPT
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Sep 2023PPT
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Aug 2023Transcript PPT
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Aug 2023PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Mar 2021PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Sep 2020Transcript PPT
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Jul 2020PPT
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Feb 2020Transcript
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript
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Nov 2018Transcript
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May 2018Transcript
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Feb 2018Transcript
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
Business Segment:[1]