This Power Infra stock which deals in operating engineering and construction while providing integrated service in the erection, testing, and commissioning (ETC) of boilers, turbines, generators, BOP (balance of plant), and others, is in focus after the company received an order worth ~Rs. 164 crores from BHEL.
Price Action
With a market capitalization of Rs. 6,082.03 Crores, the shares of Power Mech Projects Limited were down by 1.02 percent in the day’s trade touching a day’s low of Rs. 1,905 per share.
The stock reiterated from the day’s low and was trading at Rs. 1,923.70 per share which is down 0.05 percent lower from the previous closing price of Rs. 1,924.65 apiece. The stock has delivered 26.14 percent negative returns in the past year and has underperformed the Nifty Index.
What Happened
The stocks of Power Mech Projects is in focus after the company received an order worth ~Rs. 164.62 crore from Bharat Heavy Electricals Limited (BHEL) for the Main Supply including Design & Engineering, Mandatory Spares, and Civil Works including Erection & Commissioning (E&C) for the 2 X 800 MW DVC Koderma TPS Phase-II- EPC project.
The order is expected to be completed in 30 months from the date of the letter of acceptance (LOA).
About the Company
Power Mech Projects Limited is a leading infrastructure construction company based in Hyderabad, India, with a global presence. It specializes in power and infrastructure sectors, offering services like ETC, O&M, and civil works across various projects worldwide.
Business Mix
As of the December 2024 quarter, the company recognizes its revenue from operations from construction and maintenance activities as its sole operating segment.
Order Book
The consolidated order book of the company stood at around Rs. 57,915 crore as of 31st December 2024. If 2 MDO is excluded it will be Rs. 18,284 crore.
Guidance
The company’s management had provided revenue guidance of Rs. 7,500 crore for FY26 and Rs. 9,500 crore for FY27 as per recent transcript.
Financial Overview
Its Revenue from operations grew by 20.75 percent year on year from Rs. 1,108 Crores in Q3FY24 to Rs. 1,338 Crores in Q3FY25. The Net Profits increased from Rs. 62 Crores to Rs. 87 Crores.
Written by Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
