Power Mech Projects Ltd

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Power Mech Projects Ltd

₹ 3,282 -0.13%
18 Jul - 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 Segment [1]
1) Civil Works (46% in FY25 vs 47% in FY23): Includes works of Foundations, Decks, Chimney, Cooling Towers, Green Buildings, Coal Handling Plants, etc for Power & other Industrial Plants. It also works for railways, metro, roads & water projects on an EPC basis.
2) O&M (33% in FY25 vs 30% in FY23): It is a largest service provider in O&M space with backward and forward integration offering integrated O&M services in mechanical, electrical & C&I including control room / desk operations of Power Plants. It has a global presence in Saudi Arabia, Oman, Kuwait, Bangladesh, Nepal, Bhutan & Nigeria. Also expanded its O&M services footprint to refinery, petrochemical, steel, drinking water, mineral & material handling services.
3) Erection Works (17% in FY25 vs 19% in FY23): Engage in Erection, Testing & Commissioning of projects in Power, Nuclear, Refinery, Petro Chemicals, Oil & Gas, Steel & Minerals. Also caters to Coal-based power plants, BTG & BOP works with unit capacities ranging from 150 MW to 800 MW, including FGD & SCR.
4) MDO (2% in FY25 vs 0% in FY23): Engages in the development of mine infrastructure, removal of overburden, and extraction of coking coal and carries all other activities incidental to coking coal contract mining. It currently has 2 MDO contracts from Coal India (Kotre Basantpur Pachmo Open cast project of Rs. 9,294 Cr for 25 years) and SAIL (Tasra Open cast project of Rs. 30,383 Cr for 28 years). [2]
5) Electrical (1% in FY25 vs 3% in FY23): It undertakes electrical transmission & distribution, substations and railway over head electrification works. [3]
6) Others: 1% in FY25 vs 1% in FY23 [4]

Website BSE NSE
  • Market Cap ₹ 10,376 Cr.
  • Current Price ₹ 3,282
  • High / Low ₹ 3,725 / 1,699
  • Stock P/E 31.8
  • Book Value ₹ 683
  • Dividend Yield 0.03 %
  • ROCE 22.9 %
  • ROE 16.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -5.41%

* 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

Industrials Construction Construction Civil Construction

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
902 747 771 909 1,174 865 932 1,108 1,302 1,007 1,035 1,338 1,853
808 665 685 808 1,047 766 822 975 1,152 894 912 1,187 1,639
Operating Profit 94 81 86 101 127 99 111 133 150 113 123 151 214
OPM % 10% 11% 11% 11% 11% 11% 12% 12% 11% 11% 12% 11% 12%
4 2 3 3 9 6 4 7 10 9 10 9 17
Interest 24 20 21 24 24 20 25 23 26 22 19 25 34
Depreciation 10 10 10 10 13 10 10 12 12 12 13 14 16
Profit before tax 65 53 58 69 100 75 80 105 122 88 101 121 181
Tax % 27% 26% 26% 27% 25% 32% 36% 41% 31% 30% 31% 29% 28%
47 39 43 51 75 51 51 62 84 62 70 87 130
EPS in Rs 16.19 13.43 14.90 16.99 25.23 17.11 17.20 19.47 26.74 19.03 21.22 25.95 37.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,200 1,366 1,378 1,338 1,548 2,261 2,165 1,884 2,710 3,601 4,207 5,234
1,045 1,199 1,196 1,172 1,346 1,970 1,894 1,845 2,424 3,206 3,714 4,633
Operating Profit 155 167 182 166 202 291 271 39 287 395 493 601
OPM % 13% 12% 13% 12% 13% 13% 13% 2% 11% 11% 12% 11%
11 6 6 8 7 15 11 16 14 17 28 45
Interest 27 29 33 33 36 55 74 79 79 90 94 99
Depreciation 33 37 39 41 43 46 39 36 37 43 44 56
Profit before tax 107 107 116 100 130 206 168 -60 185 280 382 491
Tax % 36% 33% 35% 36% 30% 30% 22% -19% 25% 26% 35% 29%
68 72 75 65 91 143 131 -49 138 207 248 348
EPS in Rs 31.10 28.33 25.54 22.00 27.02 41.37 44.65 -15.52 47.28 70.17 78.50 103.26
Dividend Payout % 2% 2% 2% 2% 2% 1% 1% 0% 2% 1% 1% 1%
Compounded Sales Growth
10 Years: 14%
5 Years: 19%
3 Years: 25%
TTM: 24%
Compounded Profit Growth
10 Years: 16%
5 Years: 20%
3 Years: 32%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 70%
3 Years: 98%
1 Year: 9%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 17%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 13 15 15 15 15 15 15 15 15 16 32
Reserves 263 342 540 607 684 805 936 890 1,029 1,260 1,822 2,128
209 271 251 211 298 380 523 515 531 477 396 735
473 422 499 530 588 728 865 850 1,023 1,302 1,334 1,720
Total Liabilities 956 1,048 1,305 1,363 1,585 1,927 2,339 2,270 2,597 3,054 3,568 4,615
178 183 198 206 203 190 188 175 180 189 231 323
CWIP 7 17 22 12 6 3 3 5 2 3 11 28
Investments 0 0 0 1 0 31 33 41 39 36 37 36
771 848 1,085 1,143 1,376 1,702 2,116 2,049 2,375 2,827 3,288 4,228
Total Assets 956 1,048 1,305 1,363 1,585 1,927 2,339 2,270 2,597 3,054 3,568 4,615

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
27 4 -17 119 36 1 -48 122 175 182 205 0
-42 -45 -63 -40 -42 -63 3 -47 -52 -91 -373 -193
16 42 71 -73 50 25 59 -91 -63 -120 176 232
Net Cash Flow 1 1 -9 6 44 -37 14 -16 60 -29 7 40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 45 52 72 80 73 63 91 103 90 91 90 102
Inventory Days 114 151 99 131 92 19
Days Payable 881 1,043 859 797 597 87
Cash Conversion Cycle -722 -840 -687 -585 -433 63 91 103 90 91 90 33
Working Capital Days 35 61 102 111 123 105 152 187 142 121 117 121
ROCE % 31% 25% 21% 16% 18% 23% 18% 1% 18% 22% 24% 23%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
63.69% 64.17% 64.17% 64.12% 64.05% 60.40% 60.38% 58.29% 58.29% 58.29% 58.29% 58.29%
4.94% 5.14% 4.96% 3.57% 4.16% 4.24% 4.98% 5.24% 4.98% 4.97% 4.74% 5.07%
9.42% 10.27% 10.76% 13.47% 14.53% 18.57% 19.44% 21.65% 23.24% 23.38% 23.39% 23.31%
21.95% 20.41% 20.10% 18.83% 17.25% 16.80% 15.19% 14.82% 13.50% 13.36% 13.57% 13.33%
No. of Shareholders 16,92516,94821,21521,79125,45923,90726,73029,15649,59460,72362,46573,792

* 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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