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

₹ 5,260 -0.23%
23 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 ₹ 8,315 Cr.
  • Current Price ₹ 5,260
  • High / Low ₹ 5,550 / 2,572
  • Stock P/E 34.9
  • Book Value ₹ 865
  • Dividend Yield 0.04 %
  • ROCE 22.2 %
  • ROE 17.9 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 6.08 times its book value
  • Company has a low return on equity of 9.87% 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

Consolidated Figures in Rs. Crores / View Standalone

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
508 755 623 539 646 902 747 771 909 1,174 865 932 1,108
486 681 558 483 578 808 665 685 808 1,047 766 822 975
Operating Profit 22 75 65 56 68 94 81 86 101 127 99 111 133
OPM % 4% 10% 10% 10% 10% 10% 11% 11% 11% 11% 11% 12% 12%
10 6 5 5 5 4 2 3 3 9 6 4 7
Interest 19 21 19 17 20 24 20 21 24 24 20 25 23
Depreciation 9 9 9 9 9 10 10 10 10 13 10 10 12
Profit before tax 4 50 42 35 43 65 53 58 69 100 75 80 105
Tax % 26% 28% 25% 22% 25% 27% 26% 26% 27% 25% 32% 36% 41%
3 36 31 27 33 47 39 43 51 75 51 51 62
EPS in Rs 2.13 24.24 21.37 18.41 22.35 32.36 26.84 29.78 33.96 50.45 34.21 34.39 38.92
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
705 936 1,200 1,366 1,378 1,338 1,548 2,261 2,165 1,884 2,710 3,601 4,079
592 814 1,045 1,199 1,196 1,172 1,346 1,970 1,894 1,845 2,424 3,206 3,610
Operating Profit 113 122 155 167 182 166 202 291 271 39 287 395 469
OPM % 16% 13% 13% 12% 13% 12% 13% 13% 13% 2% 11% 11% 12%
16 5 11 6 6 8 7 15 11 16 14 17 27
Interest 13 17 27 29 33 33 36 55 74 79 79 90 92
Depreciation 39 34 33 37 39 41 43 46 39 36 37 43 45
Profit before tax 78 76 107 107 116 100 130 206 168 -60 185 280 360
Tax % 33% 33% 36% 33% 35% 36% 30% 30% 22% 19% 25% 26%
52 51 68 72 75 65 91 143 131 -49 138 207 239
EPS in Rs 48.74 47.59 62.25 56.74 51.04 43.97 54.00 82.67 89.23 -31.02 94.48 140.28 157.97
Dividend Payout % 2% 2% 2% 2% 2% 2% 2% 1% 1% -0% 2% 1%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: 18%
TTM: 23%
Compounded Profit Growth
10 Years: 15%
5 Years: 21%
3 Years: 17%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 111%
1 Year: 99%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 10%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 144 194 263 342 540 607 684 805 936 890 1,029 1,260 1,353
117 165 209 271 251 211 298 380 523 515 531 477 459
300 396 473 422 499 530 588 728 865 850 1,023 1,302 1,273
Total Liabilities 572 765 956 1,048 1,305 1,363 1,585 1,927 2,339 2,270 2,597 3,054 3,101
170 170 178 183 198 206 203 190 188 175 180 189 188
CWIP 4 7 7 17 22 12 6 3 3 5 2 3 4
Investments 0 0 0 0 0 1 0 31 33 41 39 36 34
399 588 771 848 1,085 1,143 1,376 1,702 2,116 2,049 2,375 2,827 2,875
Total Assets 572 765 956 1,048 1,305 1,363 1,585 1,927 2,339 2,270 2,597 3,054 3,101

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
42 18 27 4 -17 119 36 1 -48 122 175 182
-72 -40 -42 -45 -63 -40 -42 -63 3 -47 -52 -91
27 29 16 42 71 -73 50 25 59 -91 -63 -120
Net Cash Flow -3 8 1 1 -9 6 44 -37 14 -16 60 -29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 69 45 52 72 80 73 63 91 103 90 91
Inventory Days 73 108 114 151 99 131 92
Days Payable 446 823 881 1,043 859 797 597
Cash Conversion Cycle -297 -645 -722 -840 -687 -585 -433 63 91 103 90 91
Working Capital Days 37 50 35 61 102 111 123 105 152 187 142 121
ROCE % 41% 29% 31% 25% 21% 16% 18% 23% 18% 1% 18% 22%

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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