Positron Energy Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹152 Cr
- P/E
- 7.58
- ROE
- 22.61%
- PEG
- 0.07
- Price to sales
- 0.35
- Debt to equity
- 0.05
- 52W high / low
- ₹380 / ₹112
- EBITDA margin
- 5.05%
- Net profit margin
- 4.53%
- Promoter holding
- 72.20%
- Sales (last year)
- ₹442 Cr
Incorporated in 2008, Positron Energy Ltd provides gas distribution solutions and management & technical advisory services[1]
Guidance scorecard · Q4 FY26 call
What Positron Energy's management guided
and where it ranks in Commercial Services & Supplies
Commercial Services & Supplies
RevenueQ4 FY26 call
10–20%- Current gas distribution in India is about 200 million standard cubic meters per day (mmscm), expected to double to 400 mmscm by 2030, indicating substantial market growth potential.
- Positron Energy targets increasing its average gas supply to 15,000 MMBTU per day in FY27 from around 11,000 MMBTU in FY26.
- The company is focused on strengthening its natural gas portfolio, including signing several long-term contracts to increase and stabilize volumes.
- Revenue and EBITDA margins are expected to maintain growth consistent with FY26 levels, reflecting stable profitability amid increasing volumes.
2 more points from Positron Energy's call on revenue
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MarginsQ4 FY26 call
FlatSee what Positron Energy said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Management is focused on strengthening the company and expanding the gas aggregation business portfolio.
- Capital reserves are being created to leverage positions for obtaining guarantees needed for new contracts.
- The company plans to invest prudently and in a structured step-by-step manner for new contract executions.
2 more points from Positron Energy's call on capex
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FundraisingQ4 FY26 call
None plannedSee what Positron Energy said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- The current order book for the gas aggregation business includes contracts signed for the next 1.5 to 2 years.
- Technical services-related contracts in the order book have durations ranging from 1 to 3 years.
- The company has been steadily ramping up its natural gas portfolio with signed contracts totaling roughly 15,000 to 20,000 MMBTU per day.
- The supply contracts have volume flexibility and diverse pricing mechanisms to adapt to market conditions.
2 more points from Positron Energy's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,211 Cr | 145.7 | |
| 2 | 40%+ | Up 2%+ | ₹39 Cr | 6.2 | |
| 3 | 40%+ | Flat | ₹500 Cr | 36.0 | |
| 4 | 40%+ | Flat | ₹102 Cr | 10.4 | |
| 5 | 20–40% | Up 2%+ | ₹3,079 Cr | 36.3 | |
| 6 | 20–40% | Up 0–2% | ₹44 Cr | 3.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials of Positron Energy
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Positron Energy
Quarterly Results
Quarter-by-quarter operating performance
Financials of Positron Energy
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 9 | 51 | 135 | 337 | 442 |
| Expenses + | 8 | 48 | 123 | 316 | 420 |
| Operating Profit | 1 | 3 | 12 | 21 | 22 |
| OPM % | 10% | 6% | 9% | 6% | 5% |
| Other Income + | 0 | 1 | 1 | 3 | 6 |
| Interest | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 12 | 22 | 27 |
| Tax % | 25% | 25% | 26% | 19% | 26% |
| Net Profit + | 1 | 2 | 9 | 18 | 20 |
| EPS in Rs | 17.00 | 61.38 | 15.78 | 23.39 | 26.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Positron Energy
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.35 | 0.35 | 6 | 8 | 8 |
| Reserves | 4 | 6 | 9 | 71 | 91 |
| Borrowings + | 4 | 7 | 10 | 7 | 5 |
| Other Liabilities + | 2 | 12 | 16 | 29 | 24 |
| Total Liabilities | 10 | 25 | 41 | 115 | 128 |
| Fixed Assets + | 2 | 2 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 8 | 23 | 39 | 113 | 126 |
| Total Assets | 10 | 25 | 41 | 115 | 128 |
Financials of Positron Energy
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 5 | 7 | 7 | 20 |
| Cash from Investing Activity + | -1 | -1 | 1 | -1 | -2 |
| Cash from Financing Activity + | 0 | -1 | 2 | 42 | -3 |
| Net Cash Flow | 1 | 4 | 10 | 48 | 15 |
| Free Cash Flow | 0 | 5 | 7 | 4 | 20 |
| CFO/OP | 167% | 189% | 81% | 54% | 123% |
Financials of Positron Energy
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 87 | 70 | 40 | 35 | 22 |
| Inventory Days | 91 | 33 | 9 | 6 | 5 |
| Days Payable | 25 | 64 | 16 | 29 | 7 |
| Cash Conversion Cycle | 153 | 39 | 32 | 12 | 20 |
| Working Capital Days | -35 | -25 | -11 | 9 | 6 |
| ROCE % | 31% | 64% | 42% | 30% |
Guidance history
How Positron Energy's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | None planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Positron Energy's management said in earlier quarters
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