Power Mech Projects Ltd logo

Power Mech Projects Ltd

POWERMECH NSE

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹7,686 Cr
Volatility
Moderate
P/E Ratio
19.75
EBITDA
₹702 Cr
Return on Equity
15.92%
Debt to Equity
0.26
Book Value
₹796.55
52W High
₹3,260
52W Low
₹1,717.7

Insights

Beta

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

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50 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 58.4% CAGR over last 5 years

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -5.71%

Growth Rate

Revenue Growth
14.82% ↗
Net Income Growth
16.55% ↗
Cash Flow Change
-99.64% ↘
ROE
17.93% ↗
ROCE
4.65% ↗
EBITDA Margin (Avg.)
-6.59% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk medium

Power Mech Projects is a mid-cap construction and engineering company with a market cap of ₹8,230 crore, trading at a PE of 20.2x. The company delivered FY25 revenue of ~₹5,234 crore (up 24% YoY) with a 5-year profit CAGR of 58% and carries a total order backlog of ~₹55,151 crore (including MDO), providing revenue visibility into FY30.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 58% CAGR demonstrates strong earnings scalability
  • FY25 revenue grew 24.4% YoY to ₹5,234 crore from ₹4,207 crore in FY24, showing robust top-line momentum
  • Total order backlog of ~₹55,151 crore (including MDO) with executable book of ~₹15,899 crore provides revenue visibility through FY30
  • Consistent ROE of 16% over the last 3 and 5 years indicates efficient capital deployment
  • 10-year stock CAGR of 25% reflects sustained long-term wealth creation
  • Manageable leverage with debt-equity ratio at 0.34x (as of June 2025) and net debt of only ₹239 crore
  • Diversification into civil construction, railways (Vande Bharat depot orders), and industrial EPC reduces sector concentration risk beyond thermal power
  • TTM sales growth of 16% and 3-year compounded sales CAGR of 19% indicate sustained demand traction
Bear Case 8
  • Stock has declined 16% over the past 1 year despite strong fundamentals, indicating possible de-rating concerns
  • Promoter holding decreased by 5.7% over the last 3 years, signalling potential lack of insider confidence
  • Operating profit margin remains modest at ~11%, typical of EPC contractors with limited pricing power
  • Low FY25 operating cash flow warrants monitoring, suggesting potential working capital stress despite revenue growth
  • Dividend yield of just 0.05% indicates negligible income return for shareholders
  • PE of 20.2x is not inexpensive for a construction company exposed to cyclical government capex spending
  • Debt-equity ratio rose from 0.34x in June 2025 to 0.37x by September 2025, showing an upward trend in leverage
  • 3-year stock CAGR of only 4% versus 5-year CAGR of 45% suggests recent return compression and possible mean reversion

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

AI News Digest

Anthropic anthropic claude-opus-4.6 16d ago
Positives 1
  • Rs 228 cr railway order win Jul 24

    Power Mech Projects secured a Rs 227.95 crore EPC order from South Western Railway for a Vande Bharat depot. Total disclosed order book stands at Rs 2245.75 crore, representing 1.47x coverage of quarterly revenue.

TL;DR: Power Mech Projects continues to build its order book with a fresh railway infrastructure win worth Rs 228 crore, reinforcing its presence in the rail EPC segment. The order book-to-revenue ratio of 1.47x provides near-term revenue visibility. No headwinds reported in the period. The trend is constructive as long as order inflows sustain execution momentum.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
865
932
1,108
1,302
1,007
1,035
1,338
1,853
1,293
1,238
1,420
2,111
1,624
Expenses
766
822
975
1,152
894
912
1,187
1,639
1,123
1,092
1,260
1,885
1,456
Operating Profit
99
111
133
150
113
123
151
214
170
146
160
226
167
OPM %
11%
12%
12%
11%
11%
12%
11%
12%
13%
12%
11%
11%
10%
Other Income
6
4
7
10
9
10
9
17
11
11
13
10
9
Interest
20
25
23
26
22
19
25
34
29
28
30
28
27
Depreciation
10
10
12
12
12
13
14
16
16
17
19
21
23
PBT
75
80
105
122
88
101
121
181
136
111
124
187
126
Tax %
32%
36%
41%
31%
30%
31%
29%
28%
41%
30%
20%
18%
29%
Net Profit
51
51
62
84
62
70
87
130
81
78
100
153
89
EPS in Rs
17.11
17.2
19.47
26.74
19.03
21.22
25.95
37.08
16.61
23.7
29.73
45.09
25.23
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,366
1,378
1,338
1,548
2,261
2,165
1,884
2,710
3,601
4,207
5,234
6,062
6,392
Expenses
1,199
1,196
1,172
1,346
1,970
1,894
1,845
2,424
3,206
3,714
4,632
5,360
5,693
Operating Profit
167
182
166
202
291
271
39
287
395
493
602
702
699
OPM %
12%
13%
12%
13%
13%
13%
2.1%
11%
11%
12%
12%
12%
11%
Other Income
6
6
8
7
15
11
16
14
17
28
45
46
43
Interest
29
33
33
36
55
74
79
79
90
94
99
116
113
Depreciation
37
39
41
43
46
39
36
37
43
44
56
75
81
PBT
107
116
100
130
206
168
-60
185
280
382
491
558
548
Tax %
33%
35%
36%
30%
30%
22%
-19%
25%
26%
35%
29%
26%
—
Net Profit
72
75
65
91
143
131
-49
138
207
248
348
412
420
EPS in Rs
28.33
25.54
22
27.02
41.37
44.65
-15.52
47.28
70.17
78.5
103
115
124
Div. Payout %
2%
2%
2%
2%
1%
1%
0%
2%
1%
1%
1%
1%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
13
15
15
15
15
15
15
15
15
16
32
32
Reserves
342
540
607
684
805
936
890
1,029
1,260
1,822
2,128
2,487
Borrowings
271
251
211
298
380
523
515
531
477
396
735
664
Other Liabilities
422
499
530
588
728
865
850
1,023
1,302
1,334
1,719
2,407
Total Liabilities
1,048
1,305
1,363
1,585
1,927
2,339
2,270
2,597
3,054
3,568
4,614
5,589
Fixed Assets
183
198
206
203
190
188
175
180
189
231
323
429
CWIP
17
22
12
6
3
3
5
2
3
11
28
182
Investments
0
0
1
0
31
33
41
39
36
37
36
34
Other Assets
848
1,085
1,143
1,376
1,702
2,116
2,049
2,375
2,827
3,288
4,227
4,945
Total Assets
1,048
1,305
1,363
1,585
1,927
2,339
2,270
2,597
3,054
3,568
4,614
5,589
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
-17
119
36
1
-48
122
175
182
205
1
430
Investing
-45
-63
-40
-42
-63
3
-47
-52
-91
-373
-193
-227
Financing
42
71
-73
50
25
59
-91
-63
-120
176
232
-189
Net Cash Flow
1
-9
6
44
-37
14
-16
60
-29
7
40
15
Free Cash Flow
-48
-75
80
3
-25
-75
97
135
133
115
-159
103
CFO/OP
25
11
96
37
21
9
379
82
65
56
25
88
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52
72
80
73
63
91
103
90
91
90
102
93
Inventory Days
151
99
131
92
—
—
—
—
—
—
—
22
Days Payable
1,043
859
797
597
—
—
—
—
—
—
—
96
Cash Conversion Cycle
-840
-687
-585
-433
63
91
103
90
91
90
102
19
Working Capital Days
8
52
66
65
59
79
91
75
75
86
74
73
ROCE %
25%
21%
16%
18%
23%
18%
1%
18%
22%
24%
23%
22%

Shareholding Pattern

As of Jun 2026
Promoters 58.42%
DIIs 20.60%
Public 12.28%
FIIs 6.54%
Others 2.16%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Sep 2023Oct 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
63.22%
63.70%
63.70%
63.69%
63.69%
63.69%
63.69%
64.17%
64.17%
64.05%
60.40%
60.40%
60.38%
58.29%
58.28%
58.28%
58.28%
58.28%
58.28%
58.33%
58.33%
58.42%
58.42%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.16%
0.00%
0.00%
4.98%
5.25%
4.98%
4.94%
4.97%
4.74%
5.07%
7.01%
6.55%
6.47%
6.54%
DIIs
9.24%
10.18%
8.11%
8.34%
8.34%
8.34%
9.42%
10.28%
10.77%
14.53%
14.84%
15.35%
19.44%
21.65%
23.23%
23.11%
23.38%
23.40%
23.31%
21.01%
20.54%
20.18%
20.60%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
16.34%
16.40%
18.35%
18.87%
18.95%
19.01%
16.49%
15.26%
15.48%
13.62%
12.77%
12.76%
11.72%
11.75%
11.42%
11.47%
11.31%
11.57%
11.30%
11.28%
12.42%
12.49%
12.28%
Others
11.21%
9.71%
9.84%
9.09%
9.01%
8.96%
10.40%
10.29%
9.58%
3.63%
11.99%
11.49%
3.46%
3.07%
2.08%
2.20%
2.06%
2.01%
2.03%
2.38%
2.16%
2.44%
2.16%
No. of Shareholders
15,370
16,229
16,919
15,472
16,100
15,447
16,925
16,948
21,215
25,459
25,040
23,907
26,730
28,758
49,594
52,639
60,723
62,465
73,792
73,327
75,228
77,350
79,426

Documents

Frequently Asked Questions about Power Mech Projects Ltd

What does Power Mech Projects Ltd do?
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 unde...
Where is Power Mech Projects Ltd (POWERMECH) listed?
Power Mech Projects Ltd is listed on the Indian stock exchanges. It is listed on NSE: POWERMECH and BSE: 539302. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Power Mech Projects Ltd belong to?
Power Mech Projects Ltd operates in the Construction sector within the Civil Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Power Mech Projects Ltd?
Power Mech Projects Ltd has a market capitalisation of approximately ₹7685.92 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Power Mech Projects Ltd?
The Price-to-Earnings (PE) ratio of Power Mech Projects Ltd is 19.75. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Power Mech Projects Ltd?
Over the past 52 weeks, Power Mech Projects Ltd has traded between a low of ₹1,717.7 and a high of ₹3,260. This range helps investors understand the stock's price volatility and recent trading levels.
Does Power Mech Projects Ltd pay dividends?
Yes, Power Mech Projects Ltd has a dividend yield of 0.05%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Power Mech Projects Ltd?
Power Mech Projects Ltd has a Return on Equity (ROE) of 15.92%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Power Mech Projects Ltd on Tapetide?
On Tapetide, you can view Power Mech Projects Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website powermechprojects.com
CEO Mr. Sajja Kishore Babu
Employees 9,263
Listed 2015-08-26
Face Value ₹ 10
Issued Size 3,16,16,292

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