Promax Power Ltd
Incorporated in 2004, Promax Power Ltd is involved EPC Power & Solar projects and other related activities[1]
- Market Cap ₹ 97.5 Cr.
- Current Price ₹ 39.0
- High / Low ₹ 92.8 / 25.3
- Stock P/E 160
- Book Value ₹ 9.57
- Dividend Yield 0.00 %
- ROCE 7.79 %
- ROE 4.04 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 4.08 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.96%
- Working capital days have increased from 115 days to 198 days
* 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 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 36.87 | 39.57 | 54.55 | |
| 35.81 | 38.05 | 52.75 | |
| Operating Profit | 1.06 | 1.52 | 1.80 |
| OPM % | 2.87% | 3.84% | 3.30% |
| 0.38 | 0.17 | 0.41 | |
| Interest | 0.65 | 1.29 | 1.62 |
| Depreciation | 0.10 | 0.10 | 0.05 |
| Profit before tax | 0.69 | 0.30 | 0.54 |
| Tax % | 36.23% | 33.33% | -29.63% |
| 0.47 | 0.26 | 0.77 | |
| EPS in Rs | 0.53 | 0.22 | 0.31 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 135% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Equity Capital | 4.40 | 6.00 | 12.50 |
| Reserves | 0.52 | 0.78 | 10.95 |
| 6.09 | 9.78 | 10.06 | |
| 9.45 | 11.85 | 7.32 | |
| Total Liabilities | 20.46 | 28.41 | 40.83 |
| 2.52 | 2.33 | 0.46 | |
| CWIP | 0.00 | 0.00 | 0.00 |
| Investments | 0.04 | 0.10 | 0.16 |
| 17.90 | 25.98 | 40.21 | |
| Total Assets | 20.46 | 28.41 | 40.83 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 3.15 | -4.55 | -17.23 | |
| -1.63 | 0.10 | 2.16 | |
| -1.26 | 5.12 | 14.73 | |
| Net Cash Flow | 0.26 | 0.67 | -0.34 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 64.74 | 97.41 | 78.82 |
| Inventory Days | 77.74 | 116.28 | 95.16 |
| Days Payable | 97.48 | 103.63 | 39.84 |
| Cash Conversion Cycle | 45.00 | 110.05 | 134.14 |
| Working Capital Days | 46.63 | 99.62 | 198.12 |
| ROCE % | 11.53% | 7.79% |
Documents
Announcements
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Results-Financial Results For September 30, 2024
14 Nov - Submission of board meeting outcome and financial results.
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Board Meeting Outcome for Board Meeting Outcome For Board Meeting Outcome For Unaudited Financial Results For The Quarter Ended On 30Th September, 2024 And Other Agendas
14 Nov - Board meeting outcome and unaudited financial results.
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Board Meeting Intimation for Approval Of Unaudited Financial Results For The Half Year Ended On September 30, 2024 And Other Matters
6 Nov - Board meeting to discuss financial results and capital raising.
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Announcement under Regulation 30 (LODR)-Change in Directorate
15 Oct - Appointment of Ms. Shilpi Jain as Additional Director.
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Announcement under Regulation 30 (LODR)-Meeting Updates
15 Oct - Appointment of Ms. Shilpi Jain as Additional Director.
Business Overview:[1]
Company is in the business of Engineering, Procurement, Construction (EPC - Power & Solar) projects for Electrification, Power Substations, Underground Cabling from 11kV to 220kV. Company also provides Turnkey execution of Civil Infrastructure projects viz. Industrial buildings and Turnkey execution of water infrastructure management projects viz. water transmission and distribution work