Power Mech Projects Ltd
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]
- Market Cap ₹ 8,090 Cr.
- Current Price ₹ 5,118
- High / Low ₹ 5,550 / 2,999
- Stock P/E 33.9
- Book Value ₹ 865
- Dividend Yield 0.04 %
- ROCE 22.2 %
- ROE 17.9 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.91 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 40% |
3 Years: | 106% |
1 Year: | 63% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Monitoring Agency Report for the quarter ended 31.03.2024 in respect of the utilization of proceeds from the QIP of the Company.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - A conference call for the analysts and investors to discuss on the financial and operational performance of the Company will be held as per the …
- Corporate Action-Board to consider Dividend 10 May
- Board Meeting Intimation for Consideration And Approval Of Audited Financials Results For FY 2023-24 And Recommendation Of Final Dividend, If Any 10 May
- Compliance Certificate For The Year Ended 31.03.2024 29 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Nov 2022TranscriptPPT
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Nov 2021Transcript PPT
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Jun 2021Transcript PPT
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Mar 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Sep 2020Transcript PPT
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Jul 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
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]