The share price of this engineering firm surged by 2.2 percent to an all-time 52-week high of Rs 6,084.45 per share on Thursday after the firm received an order worth Rs 209.50 crores from Hindustan Zinc Limited.
Share price movement: With a market capitalization of Rs 9,497.61 crores, the shares of Power Mech Projects Limited closed at Rs 6,008 per share. The stocks of Power Mech Limited generated an overall return of 58 percent over the past year and 28 percent over the past 6 months.
What happened: According to Power Mech Projects Limited’s stock exchange filings, the firm has received an order worth Rs 209.50 crores from Hindustan Zinc Limited for the maintenance and operation of 3X91.5 MW CPP which needs to be completed for a time period of 48 months at the clients’ place in Chittorgarh.
Financials: Reviewing the financials of Power Mech Projects Limited on a year-on-year basis, the revenues rose by 17 percent from Rs 3,601 crores in FY23 to Rs 4,207 crores in FY24. In the same time frame, the net profits increased from Rs 207 crores to Rs 249 crores, demonstrating a 20 percent increase.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 13.50 percent and a return on capital employed (ROCE) of 22.21 percent. It has also reported a debt-to-equity ratio of 0.21 times for the same period.
EBITDA : The EBITDA of Power mech limited stood at Rs 160 crores in Q4FY24 from an EBITDA of Rs 141 crores in Q3FY24 demonstrating a 13 percent increase.
Order inflow: Power mech limiteds order inflow stood at Rs 39,197 crores in FY24 ,an increase of 362 percent from an order inflow of Rs 8,479 crores in FY23.
Client base : Power mech limited also caters to prominent clients such as Siemens , Mitsubishi, L&T power, Adnoc , Adani group , Indian oil etc.
Shareholding Pattern: As of June 2024, Power Mech Projects Limited shareholding pattern stood at 58.29 percent for promoters, 14.82 percent for the public, 5.24 percent for foreign institutional investors, and 21.65 percent for domestic institutional investors.
About the Company: Incorporated in 1999 and headquartered in Vijayawada, Power Mech Projects Limited is an engineering and construction company providing integrated service in the erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works and operation and maintenance (O&M)
Written By Zahal
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