Power Mech Projects
- P/E
- 18.16
Key Fundamentals
MicrocapConstructionIndustrialsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 21.70%
- Debt to Equity
- 0.26
- EPS (TTM)
- ₹123.75
- Book Value
- ₹796.55
- Market Cap
- —
- P/E (TTM)
- 18.16
- P/B
- 2.82
- ROE
- 15.40%
- Dividend Yield
- 0.07%
- EBITDA
- ₹750 Cr
- 52W High
- ₹3,007.50
- 52W Low
- ₹1,717.70
- Day Range
- ₹2,195.00 – ₹2,268.00
- Volume
- 22,925
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,944.40 | 30.37 | ₹5,47,193 Cr | 4.80 | 0.96% | 15.90% | 14.60% | ₹3,00,904 Cr | ₹20,895 Cr | |
| ₹191.23 | 44.37 | ₹39,292 Cr | 4.06 | 0.93% | 9.02% | 10.80% | ₹20,825 Cr | ₹897 Cr | |
| ₹1,310.10 | 37.40 | ₹23,549 Cr | 6.36 | 0.24% | 27.80% | 32.80% | ₹10,205 Cr | ₹602 Cr | |
| ₹1,366.10 | 20.52 | ₹22,726 Cr | 3.00 | 0.83% | 13.70% | 18.30% | ₹27,380 Cr | ₹1,129 Cr | |
| ₹77.74 | 28.37 | ₹20,666 Cr | 6.95 | 0.20% | 20.40% | 29.30% | ₹12,756 Cr | ₹766 Cr | |
| ₹16.79 | 21.25 | ₹19,929 Cr | 0.94 | 0.31% | 4.29% | 7.47% | ₹7,686 Cr | ₹954 Cr | |
| ₹300.85 | 21.55 | ₹16,653 Cr | 5.06 | 0.52% | 23.40% | 30.40% | ₹3,878 Cr | ₹784 Cr | |
| Power Mech Projects (this company) | ₹2,247.30 | 18.16 | ₹7,086 Cr | 2.82 | 0.07% | 15.40% | 21.70% | ₹6,392 Cr | ₹420 Cr |
| Median 8 companies | ₹805.47 | 24.96 | ₹21,696 Cr | 4.43 | 0.42% | 15.65% | 20.00% | ₹11,481 Cr | ₹841 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 43
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 65
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 48
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 37
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 26
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 46
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has delivered good profit growth of 58.1% CAGR over last 5 years
Weaknesses
2- Contingent liabilities of Rs.2,814 Cr.
- Promoter holding has decreased over last 3 years: -5.64%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 6 | 2 |
| Oscillators | Bearish | 3 | 6 | 0 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 44.56
- Neutral
- MACD (12,26,9)
- −59.45
- Bearish
- SMA (50)
- 2,376.73
- Bearish
- SMA (200)
- 2,366.06
- Bearish
As of
Analyst Rating
2 of 2 analysts rate Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +15.97% |
|---|---|
| 5Y | +26.33% |
| 3Y | +18.96% |
| 1Y | +15.82% |
| TTM | +15.84% |
Net profit
| 10Y | +18.57% |
|---|---|
| 5Y | Turned to profit |
| 3Y | +25.79% |
| 1Y | +18.39% |
| TTM | +14.13% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | +25.97% |
| 3Y | +28.59% |
| 1Y | Tiny base |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −1.63 pp |
|---|---|
| 5Y | +9.51 pp |
| 3Y | +0.61 pp |
| 1Y | +0.08 pp |
| TTM | −0.99 pp |
Revenue by year
| Mar 2017 | ₹1,338 Cr |
|---|---|
| Mar 2018 | ₹1,548 Cr |
| Mar 2019 | ₹2,261 Cr |
| Mar 2020 | ₹2,165 Cr |
| Mar 2021 | ₹1,884 Cr |
| Mar 2022 | ₹2,710 Cr |
| Mar 2023 | ₹3,601 Cr |
| Mar 2024 | ₹4,207 Cr |
| Mar 2025 | ₹5,234 Cr |
| Mar 2026 | ₹6,062 Cr |
Net profit by year
| Mar 2017 | ₹65.00 Cr |
|---|---|
| Mar 2018 | ₹91.00 Cr |
| Mar 2019 | ₹143 Cr |
| Mar 2020 | ₹131 Cr |
| Mar 2021 | −₹49.00 Cr |
| Mar 2022 | ₹138 Cr |
| Mar 2023 | ₹207 Cr |
| Mar 2024 | ₹248 Cr |
| Mar 2025 | ₹348 Cr |
| Mar 2026 | ₹412 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
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.
- 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
- 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
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.
- 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.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 | 74.25 | 80 | 107 | 122 | 88 | 102 | 121 | 181 | 136 | 112 | 124 | 188 | 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 (₹) | 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 |
Profit & Loss
₹ Cr| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5,359 | 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 | 45.68 | 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 (₹) | 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% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 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 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 4 | −17 | 119 | 36 | 1 | −48 | 122 | 175 | 182 | 205 | 1 | 387 |
| Investing | −45 | −63 | −40 | −42 | −63 | 3 | −47 | −52 | −91 | −373 | −193 | −184 |
| 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 | 60 |
| CFO/EBITDA | 25 | 11 | 96 | 37 | 21 | 9 | 379 | 82 | 65 | 56 | 25 | 82 |
Ratios
| Particulars | 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 | 72 | 80 | 73 | 63 | 91 | 103 | 90 | 91 | 90 | 102 | 93 |
| Inventory Days | 151 | 99 | 131 | 92 | — | — | — | — | — | — | 90 | 111 |
| Days Payable | 1,043 | 859 | 797 | 597 | — | — | — | — | — | — | 423 | 493 |
| Cash Conversion Cycle | −840 | −687 | −585 | −433 | 63 | 91 | 103 | 90 | 91 | 90 | −231 | −289 |
| 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Power Mech Projects insights
66 extracted metrics across FY14–FY27.
Documents
- Q1 FY27 concall · Sep 2026PPT
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026PPT
- Q3 FY26 concall · Feb 2026Transcript PPT
- 8 Aug 2026
- 20 May 2026
- 10 Nov 2025
- 17 Aug 2026
- 18 Dec 2025
- 8 Jan 2025
- 5 Apr 2024
- 20 Sep 2023
- General announcements 19 Oct 2026
- General announcements 7 Oct 2026
- General announcements 29 Sep 2026
Frequently Asked Questions about Power Mech Projects
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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.
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