Powerica Q2 FY27 Share Price & Earnings Call Analysis
Part of: Nifty Microcap 250 · Nifty Total Market
- Market cap
- ₹5,964 Cr
- P/E
- 21.99
- ROE
- 17.36%
- PEG
- 0.61
- Price to sales
- 1.87
- Debt to equity
- 0.02
- 52W high / low
- ₹677 / ₹365
- Sales growth (5Y)
- 27.60%
- EBITDA margin
- 12.33%
- Net profit margin
- 8.87%
- Promoter holding
- 77.18%
- Sales (last year)
- ₹3,192 Cr
Incorporated in 1984, Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.[1]
Guidance scorecard · Q2 FY27 call
What Powerica Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ1 FY27 call
10–20%- DG set business expects double-digit steady-state revenue growth over the medium term.
- Wind business has a clear roadmap to scale from 330 MW to 633 MW owned IPP assets, with 50 MW addition in FY27, 150 MW in FY28, and another 100 MW thereafter.
- EPC business expects to execute 250-300 MW worth of projects annually, generating around INR 400 crores in revenue per year.
- Data center segment is a fast-growing vertical; order book has grown from INR 400-500 crores to INR 900 crores and recently to INR 1,100 crores, expected to contribute over 20% of overall revenue going forward.
2 more points from Powerica Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Powerica Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Powerica has a clear roadmap to expand its wind renewable energy capacity from the current 330 MW to approximately 633 MW, with 250 MW of new bids recently won and under execution.
- Capital allocation is primarily towards the wind projects under construction, including 50 MW expected to go live this year and an additional 250 MW from new projects.
- The company plans to add about 150 MW more in FY28 and another 100 MW subsequently as part of their IPP business expansion.
- The EPC business is expected to consistently execute 250-300 MW annually in balance of plant work.
- Besides wind expansion, Powerica remains open to strategic investment opportunities as they arise.
2 more points from Powerica Ltd's call on capex
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FundraisingQ1 FY27 call
See what Powerica Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of July 31, 2026, Powerica's order book showed a 15% to 19% year-on-year growth.
- The data center segment order book increased from approximately INR 400-500 crores to INR 900 crores by Q1 FY27, and further to INR 1,100 crores by August 7, 2026.
- Data center orders are a mix of large and small projects, executed over 12 to 18 months.
- The MSLG (Military & Strategic Logistics Group) segment has a strong pipeline with large orders under discussion, including a recently won INR 41 crore tender.
2 more points from Powerica 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 Electrical Equipment
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
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹457 Cr | 8.8 | |
| 2 | 40%+ | Up 0–2% | ₹12,138 Cr | 47.6 | |
| 3 | 40%+ | Up 0–2% | ₹713 Cr | 41.3 | |
| 4 | 40%+ | Up 0–2% | ₹430 Cr | 7.6 | |
| 5 | 40%+ | Up 0–2% | ₹181 Cr | 6.1 | |
| 6 | 40%+ | Flat | ₹22,192 Cr | 119.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingPowerica Ltd announcements
All announcements →- Financial resultsNotable· Adverse for the businessPowerica Limited Q2 FY27 results, Windstride stake sale plan and IPO fund use
- Order winNotablePowerica Ltd receives Letter of Intent for 50 MW Wind Power Project from GUVNL
Financials of Powerica Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Powerica Ltd
Shareholding breakup across reporting periods.
| Jun 2026 | Sep 2026 | |
|---|---|---|
| Promoters + | 77.18% | 77.18% |
| FIIs + | 2.05% | 1.19% |
| DIIs + | 16.58% | 16.98% |
| Public + | 4.19% | 4.64% |
| No. of Shareholders | 19,244 | 22,949 |
Financials of Powerica Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 704 | 722 | 616 | 832 | 763 | 801 | 780 | 848 |
| YoY Sales growth | +8% | +11% | +27% | +2% | ||||
| Expenses + | 623 | 654 | 531 | 703 | 685 | 717 | 674 | 722 |
| Operating Profit | 82 | 68 | 85 | 129 | 78 | 84 | 106 | 126 |
| OPM % | 12% | 9% | 14% | 15% | 10% | 10% | 14% | 15% |
| Other Income + | 5 | 22 | 25 | 9 | 13 | 6 | 19 | 12 |
| Interest | 9 | 8 | 6 | 6 | 6 | 7 | 2 | 1 |
| Depreciation | 30 | 29 | 27 | 27 | 28 | 35 | 38 | 40 |
| Profit before tax | 48 | 53 | 77 | 105 | 58 | 48 | 85 | 96 |
| Tax % | 37% | 29% | 34% | 20% | -69% | 5% | 24% | 26% |
| Net Profit + | 30 | 37 | 51 | 84 | 98 | 45 | 64 | 71 |
| EPS in Rs | 2.55 | 3.37 | 4.52 | 7.32 | 8.81 | 3.36 | 4.98 | 5.51 |
Financials of Powerica Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 890 | 1,488 | 2,378 | 2,210 | 2,653 | 3,012 | 3,192 |
| Sales growth | +67% | +60% | -7% | +20% | +14% | +11% | |
| Expenses + | 762 | 1,302 | 2,031 | 1,848 | 2,317 | 2,636 | 2,798 |
| Operating Profit | 128 | 186 | 347 | 362 | 336 | 376 | 394 |
| OPM % | 14% | 12% | 15% | 16% | 13% | 12% | 12% |
| Other Income + | 37 | 36 | 44 | 147 | 67 | 54 | 50 |
| Interest | 39 | 47 | 56 | 41 | 33 | 25 | 15 |
| Depreciation | 111 | 117 | 136 | 128 | 116 | 117 | 141 |
| Profit before tax | 14 | 59 | 200 | 341 | 253 | 287 | 287 |
| Tax % | 205% | 66% | 40% | 34% | 32% | 3% | |
| Net Profit + | -16 | 20 | 106 | 226 | 163 | 267 | 278 |
| EPS in Rs | -1.14 | 1.43 | 7.70 | 20.80 | 15.00 | 21.12 | 22.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 13% |
Financials of Powerica Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 14 | 14 | 63 | 63 |
| Reserves | 729 | 674 | 779 | 899 | 1,071 | 1,928 | 2,062 |
| Borrowings + | 399 | 386 | 279 | 182 | 312 | 572 | 46 |
| Other Liabilities + | 584 | 1,072 | 1,051 | 990 | 1,018 | 1,368 | 1,108 |
| Total Liabilities | 1,729 | 2,149 | 2,126 | 2,085 | 2,415 | 3,931 | 3,279 |
| Fixed Assets + | 981 | 863 | 1,091 | 951 | 865 | 1,211 | 1,153 |
| CWIP | 11 | 320 | 4 | 23 | 352 | 179 | 283 |
| Investments | 204 | 242 | 394 | 333 | 395 | 403 | 555 |
| Other Assets + | 532 | 724 | 636 | 777 | 802 | 2,137 | 1,289 |
| Total Assets | 1,729 | 2,149 | 2,126 | 2,085 | 2,415 | 3,931 | 3,279 |
Financials of Powerica Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 219 | 214 | 257 | 283 | 249 | 453 |
| Cash from Investing Activity + | -95 | -78 | -99 | -14 | -337 | -1,394 |
| Cash from Financing Activity + | -80 | -135 | -165 | -268 | 84 | 1,001 |
| Net Cash Flow | 44 | 0 | -6 | 2 | -4 | 60 |
| Free Cash Flow | -20 | 152 | 211 | 154 | -59 | -121 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 178% | 117% | 81% | 95% | 91% | 133% |
Financials of Powerica Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 54 | 63 | 40 | 53 | 55 | 41 |
| Inventory Days | 56 | 54 | 47 | 68 | 42 | 60 |
| Days Payable | 71 | 95 | 55 | 77 | 53 | 72 |
| Cash Conversion Cycle | 39 | 21 | 33 | 44 | 44 | 29 |
| Working Capital Days | -47 | -107 | -84 | -23 | -16 | -26 |
| ROCE % | 10% | 24% | 27% | 22% | 16% |
Guidance history
How Powerica Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Powerica Ltd's management said in earlier quarters
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