Power Mech Projects Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹6,930 Cr
- P/E
- 17.71
- ROE
- 15.39%
- PEG
- 0.90
- Price to sales
- 1.08
- Debt to equity
- 0.26
- 52W high / low
- ₹2,895 / ₹1,733
- Sales growth (5Y)
- 26.33%
- EBITDA margin
- 10.94%
- Net profit margin
- 6.72%
- Promoter holding
- 58.41%
- Sales (last year)
- ₹6,392 Cr
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]
Guidance scorecard · Q1 FY27 call
What Power Mech Projects Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ1 FY27 call
20–40%- Power plant construction and EPC together expected to grow 20%-22%; combined average growth of 14%-15% from the power sector.
- Power plant construction alone to grow modestly by 5%-7% annually due to capacity limits.
- O&M business targeting around 28% year-on-year growth, aiming for INR 2,089 crores revenue in FY27.
- Mining business revenue expected to reach around INR 500 crores in FY27, driven by KBP and Tasra mines.
- Order backlog improvement from INR 14,387 crores in 2024-25 to INR 16,228 crores, supporting revenue growth.
- New EPC projects (Balance of Plant with BHEL) and civil infrastructure to contribute to growth.
- International business growth expected with new opportunities in West Africa, Middle East, and GCC.
2 more points from Power Mech Projects Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Power Mech Projects Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company can do up to INR 10,000 crores of revenue with the present working capital and staff capacity.
- To support new orders, they need to add around INR 100-120 crores annually in capital expenditure.
- They plan to continue investing in the power sector, focusing on new capacity additions of 60 GW over the next six years.
- There is ongoing strategic diversification into Balance of Plant (BoP) EPC projects and increasing focus on infrastructure sectors like railways and metal & steel.
- Future growth also expected from international expansions, especially in West Africa, Middle East, and GCC countries.
2 more points from Power Mech Projects Ltd's call on capex
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FundraisingQ1 FY27 call
See what Power Mech Projects Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Total order backlog including MDO projects stands at approx. INR 55,398 crores.
- Excluding MDO orders, executable order book is around INR 16,229 crores.
- Order inflows for Q1 FY27: INR 1,864 crores against an annual target of INR 12,000 crores (~15.5% of target).
2 more points from Power Mech Projects Ltd'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 Construction
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
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingPower Mech Projects Ltd announcements
All announcements →Financials of Power Mech Projects Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Power Mech Projects Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,174 | 865 | 932 | 1,108 | 1,302 | 1,007 | 1,035 | 1,338 | 1,853 | 1,293 | 1,238 | 1,420 | 2,111 |
| Expenses + | 1,047 | 766 | 822 | 975 | 1,152 | 894 | 912 | 1,187 | 1,639 | 1,123 | 1,092 | 1,260 | 1,885 |
| Operating Profit | 127 | 99 | 111 | 133 | 150 | 113 | 123 | 151 | 214 | 170 | 146 | 160 | 226 |
| OPM % | 11% | 11% | 12% | 12% | 11% | 11% | 12% | 11% | 12% | 13% | 12% | 11% | 11% |
| Other Income + | 9 | 6 | 4 | 7 | 10 | 9 | 10 | 9 | 17 | 11 | 11 | 13 | 10 |
| Interest | 24 | 20 | 25 | 23 | 26 | 22 | 19 | 25 | 34 | 29 | 28 | 30 | 28 |
| Depreciation | 13 | 10 | 10 | 12 | 12 | 12 | 13 | 14 | 16 | 16 | 17 | 19 | 21 |
| Profit before tax | 100 | 75 | 80 | 105 | 122 | 88 | 101 | 121 | 181 | 136 | 111 | 124 | 187 |
| Tax % | 25% | 32% | 36% | 41% | 31% | 30% | 31% | 29% | 28% | 41% | 30% | 20% | 18% |
| Net Profit + | 75 | 51 | 51 | 62 | 84 | 62 | 70 | 87 | 130 | 81 | 78 | 100 | 153 |
| EPS in Rs | 25.23 | 17.11 | 17.20 | 19.47 | 26.74 | 19.03 | 21.22 | 25.95 | 37.08 | 16.61 | 23.70 | 29.73 | 45.09 |
Financials of Power Mech Projects Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,366 | 1,378 | 1,338 | 1,548 | 2,261 | 2,165 | 1,884 | 2,710 | 3,601 | 4,207 | 5,234 | 6,062 |
| Expenses + | 1,199 | 1,196 | 1,172 | 1,346 | 1,970 | 1,894 | 1,845 | 2,424 | 3,206 | 3,714 | 4,632 | 5,360 |
| Operating Profit | 167 | 182 | 166 | 202 | 291 | 271 | 39 | 287 | 395 | 493 | 602 | 702 |
| OPM % | 12% | 13% | 12% | 13% | 13% | 13% | 2% | 11% | 11% | 12% | 12% | 12% |
| Other Income + | 6 | 6 | 8 | 7 | 15 | 11 | 16 | 14 | 17 | 28 | 45 | 46 |
| Interest | 29 | 33 | 33 | 36 | 55 | 74 | 79 | 79 | 90 | 94 | 99 | 116 |
| Depreciation | 37 | 39 | 41 | 43 | 46 | 39 | 36 | 37 | 43 | 44 | 56 | 75 |
| Profit before tax | 107 | 116 | 100 | 130 | 206 | 168 | -60 | 185 | 280 | 382 | 491 | 558 |
| Tax % | 33% | 35% | 36% | 30% | 30% | 22% | -19% | 25% | 26% | 35% | 29% | 26% |
| Net Profit + | 72 | 75 | 65 | 91 | 143 | 131 | -49 | 138 | 207 | 248 | 348 | 412 |
| EPS in Rs | 28.33 | 25.54 | 22.00 | 27.02 | 41.37 | 44.65 | -15.52 | 47.28 | 70.17 | 78.50 | 103.26 | 115.12 |
| Dividend Payout % | 2% | 2% | 2% | 2% | 1% | 1% | 0% | 2% | 1% | 1% | 1% | 1% |
Financials of Power Mech Projects Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 32 | 32 |
| Reserves | 342 | 540 | 607 | 684 | 805 | 936 | 890 | 1,029 | 1,260 | 1,822 | 2,128 | 2,487 |
| Borrowings + | 271 | 251 | 211 | 298 | 380 | 523 | 515 | 531 | 477 | 396 | 735 | 664 |
| Other Liabilities + | 422 | 499 | 530 | 588 | 728 | 865 | 850 | 1,023 | 1,302 | 1,334 | 1,719 | 2,407 |
| Total Liabilities | 1,048 | 1,305 | 1,363 | 1,585 | 1,927 | 2,339 | 2,270 | 2,597 | 3,054 | 3,568 | 4,614 | 5,589 |
| Fixed Assets + | 183 | 198 | 206 | 203 | 190 | 188 | 175 | 180 | 189 | 231 | 323 | 429 |
| CWIP | 17 | 22 | 12 | 6 | 3 | 3 | 5 | 2 | 3 | 11 | 28 | 182 |
| Investments | 0 | 0 | 1 | 0 | 31 | 33 | 41 | 39 | 36 | 37 | 36 | 34 |
| Other Assets + | 848 | 1,085 | 1,143 | 1,376 | 1,702 | 2,116 | 2,049 | 2,375 | 2,827 | 3,288 | 4,227 | 4,945 |
| Total Assets | 1,048 | 1,305 | 1,363 | 1,585 | 1,927 | 2,339 | 2,270 | 2,597 | 3,054 | 3,568 | 4,614 | 5,589 |
Financials of Power Mech Projects Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4 | -17 | 119 | 36 | 1 | -48 | 122 | 175 | 182 | 205 | 1 | 430 |
| Cash from Investing Activity + | -45 | -63 | -40 | -42 | -63 | 3 | -47 | -52 | -91 | -373 | -193 | -227 |
| Cash from Financing Activity + | 42 | 71 | -73 | 50 | 25 | 59 | -91 | -63 | -120 | 176 | 232 | -189 |
| Net Cash Flow | 1 | -9 | 6 | 44 | -37 | 14 | -16 | 60 | -29 | 7 | 40 | 15 |
| Free Cash Flow | -48 | -75 | 80 | 3 | -25 | -75 | 97 | 135 | 133 | 115 | -159 | 103 |
| CFO/OP | 25% | 11% | 96% | 37% | 21% | 9% | 379% | 82% | 65% | 56% | 25% | 88% |
Financials of Power Mech Projects Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 72 | 80 | 73 | 63 | 91 | 103 | 90 | 91 | 90 | 102 | 93 |
| Inventory Days | 151 | 99 | 131 | 92 | 22 | |||||||
| Days Payable | 1,043 | 859 | 797 | 597 | 96 | |||||||
| Cash Conversion Cycle | -840 | -687 | -585 | -433 | 63 | 91 | 103 | 90 | 91 | 90 | 102 | 19 |
| Working Capital Days | 8 | 52 | 66 | 65 | 59 | 79 | 91 | 75 | 75 | 86 | 74 | 73 |
| ROCE % | 25% | 21% | 16% | 18% | 23% | 18% | 1% | 18% | 22% | 24% | 23% | 22% |
Guidance history
How Power Mech Projects Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
18 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −13.4% | 45% |
| Last 6 months | −11.7% | 34% |
| Last 3 months | −16.8% | 24% |
The price is 36.4% below its all-time high of ₹3,444.15 (23 Aug 2024). Stocks more than 20% below their peak have their score halved, so 36 became 18.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Power Mech Projects Ltd: 0.4 × 45 + 0.4 × 34 + 0.2 × 24 = 36, halved to 18 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Power Mech Projects Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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