Powerica logo

Powerica

POWERICA NSE

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods
Market Cap
₹7,080 Cr
Volatility
Moderate
P/E Ratio
23.27
EBITDA
₹376 Cr
Return on Equity
16.08%
Debt to Equity
0.29
Book Value
₹157.33
52W High
₹676.95
52W Low
₹365.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has delivered good profit growth of 80.2% CAGR over last 5 years

Growth Rate

Revenue Growth
11.09% higher than 3Y
Net Income Growth
28.71% lower than 3Y
Cash Flow Change
-9.5% lower than 3Y
ROE
-35.14% lower than 3Y
ROCE
-40.52% lower than 3Y
EBITDA Margin (Avg.)
-15.68% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

Powerica Ltd is a 40-year-old integrated power solutions company (DG sets and wind energy) that listed in April 2026 after its IPO at ₹395/share. It trades at a PE of ~26x on a market cap of ~₹6,910 crore, with 5-year profit CAGR of 80% and FY26 consolidated revenue of ₹3,012 crore, though operating margins have moderated from 15.4% in FY24 to 12.3% in FY26.

Bull Case 8
  • Exceptional 5-year profit CAGR of 80%, with net profit rising from ₹27 crore in FY22 to ₹277 crore in FY26
  • Revenue grew from ₹1,488 crore in FY22 to ₹3,012 crore in FY26, a compounded sales growth of 28% over 5 years
  • Wind energy segment offers EBITDA margins of 65-70%, significantly higher than the core DG set business, with 330.85 MW operational capacity
  • DG set market in India is estimated to grow at ~10.5% CAGR, and management expects the company to meet or exceed that pace
  • Consistent ROE of 17% over the last 3 years and 15% over 5 years indicates efficient capital deployment
  • Strong promoter holding at 77.18% post-IPO, with key family trusts retaining majority control
  • Long-standing partnerships with Cummins (DG sets) and Vestas (wind), providing brand credibility and technical advantage since 1984
  • FY26 net profit of ₹277 crore reflects 58% YoY growth over FY25's ₹176 crore, aided by a low effective tax rate of 3.5% in FY26
Bear Case 8
  • Operating profit margin declined from 15.4% in FY24 to 12.4% in FY25 and 12.3% in FY26, a consistent compression trend
  • Zero dividend payout across all reported years (FY22-FY26), offering no income return to shareholders
  • FY26 profit benefited from an unusually low tax rate of 3.5% versus 32-34% in prior years, making earnings growth partly non-recurring
  • Debt-to-equity ratio of 0.29 with non-current liabilities rising from ₹323 crore in FY24 to ₹694 crore in FY26, indicating increasing leverage
  • IPO listed at approximately 7% discount to issue price of ₹395, reflecting muted market appetite at the time of listing
  • Core DG set business contributes ~85% of revenue but faces cyclicality linked to industrial capex and infrastructure spending
  • Near-negligible public float at ~0.01% pre-IPO and still only ~12.4% general public holding post-IPO limits liquidity
  • Revenue declined 7% from ₹2,378 crore in FY23 to ₹2,210 crore in FY24 on a consolidated basis, showing susceptibility to demand fluctuations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 1
  • Tax demand revised to Rs 31 Cr Jun 29

    Powerica received a rectification order revising the tax demand to Rs 31.13 Cr for AY 2025-26. The company stated there is no material impact on financials, but the outstanding demand remains a minor overhang.

Positives 3
  • Renewable energy subsidiary launched Jun 26

    Powerica incorporated wholly owned subsidiary Windfusion Renewable Private Limited on June 26, 2026, to focus on renewable energy projects. This signals strategic diversification into the clean energy space.

  • No promoter share encumbrance in FY26 Jun 15

    Kabir and Kimaya Family Private Trust declared zero encumbrance on Powerica shares in FY26 under SEBI regulations. Clean promoter holding supports governance confidence.

  • New Independent Director appointed Jun 10

    Shareholders approved Rabindra Nath Nayak as Independent Director via postal ballot with 99.9995% votes in favour. Strong consensus reflects healthy board governance.

Neutral 2
  • Multiple analyst/investor meets scheduled Jun 29

    Powerica scheduled virtual and in-person analyst and institutional investor meetings on June 15, June 23, and July 3, 2026. All discussions will rely on publicly available information.

  • Executives interview on CNBC TV18 Jun 22

    Whole-Time Director Pradeep Gupta and Group CFO Ritesh Kumar Agrawal appeared on CNBC TV18 on June 22, 2026. The interview increases retail visibility for the company.

TL;DR: Powerica is actively engaging with institutional investors through multiple analyst meets and media appearances, signaling management confidence. The incorporation of Windfusion Renewable marks a strategic push into clean energy within the Capital Goods sector. The Rs 31.13 Cr tax demand is a minor risk but management has flagged no material financial impact. The trend is mildly positive with governance strength and diversification moves, though no major order wins or financial catalysts have emerged yet.

Quarterly Results

Particulars Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
704
722
616
832
763
801
780
Expenses
623
654
531
703
685
717
674
Operating Profit
82
68
85
129
78
84
106
OPM %
12%
9%
14%
15%
10%
10%
14%
Other Income
5
22
25
9
13
6
19
Interest
9
8
6
6
6
7
2
Depreciation
30
29
27
27
28
35
38
PBT
48
53
77
105
58
48
85
Tax %
37%
29%
34%
20%
-69%
5%
24%
Net Profit
30
37
51
84
98
45
64
EPS in Rs
10.2
13.48
4.52
7.32
8.81
3.36
4.98
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
890
1,488
2,378
2,210
2,653
3,012
3,176
Expenses
762
1,302
2,031
1,848
2,317
2,636
2,779
Operating Profit
128
186
347
362
337
376
397
OPM %
14%
12%
15%
16%
13%
12%
12%
Other Income
37
36
44
147
67
54
48
Interest
39
47
56
41
32
25
21
Depreciation
111
117
136
128
116
117
129
PBT
14
59
200
341
255
287
295
Tax %
205%
66%
40%
34%
31%
3%
—
Net Profit
-16
20
106
226
167
277
291
EPS in Rs
-4.56
5.73
30.82
83.17
61.32
21.12
24.47
Div. Payout %
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
17
17
17
14
14
63
Reserves
729
674
779
899
1,071
1,928
Borrowings
399
386
279
182
312
572
Other Liabilities
584
1,072
1,051
990
1,018
1,368
Total Liabilities
1,729
2,149
2,126
2,085
2,415
3,931
Fixed Assets
981
863
1,091
951
865
1,211
CWIP
11
320
4
23
352
179
Investments
204
242
394
333
395
403
Other Assets
532
724
636
777
802
2,137
Total Assets
1,729
2,149
2,126
2,085
2,415
3,931
Figures in ₹ Crores

Cash Flow

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
219
214
257
283
256
453
Investing
-95
-78
-99
-14
-346
-1,394
Financing
-80
-135
-165
-268
86
1,001
Net Cash Flow
44
0
-6
2
-4
60
Free Cash Flow
-20
152
211
154
-51
-121
CFO/OP
178
117
81
95
93
121
Figures in ₹ Crores

Ratios

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
3
ROCE %
—
10%
24%
27%
22%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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54 extracted metrics + investor summaries across FY21–FY27.

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Shareholding Pattern

Others1.00%Promot.77.18%FIIs2.04%Public3.19%DIIs16.59%As ofJun 2026

Documents

Frequently Asked Questions about Powerica

What does Powerica Ltd do?
Incorporated in 1984, Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.[1]
Where is Powerica Ltd (POWERICA) listed?
Powerica Ltd trades as POWERICA on the NSE and under code 544744 on the BSE.
Which sector does Powerica Ltd belong to?
Powerica Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of Powerica Ltd?
Powerica Ltd has a market capitalisation of ₹7,080 Cr, which places it in the Mid Cap band.
What is the PE ratio of Powerica Ltd?
Powerica Ltd trades at a PE ratio of 23.27, against a book value of ₹157.33 per share.
What is the 52-week high and low of Powerica Ltd?
Over the last 52 weeks Powerica Ltd has traded between ₹365.1 and ₹676.95.
Does Powerica Ltd pay dividends?
Powerica Ltd has a dividend yield of 0.48%.
What is the Return on Equity (ROE) of Powerica Ltd?
Powerica Ltd reported a return on equity of 16.08%. Its debt-to-equity ratio is 0.29.

Company Information

Incorporated in 1984, Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.[1]

Listed 2026-04-02
Face Value ₹ 5

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