Power Mech Projects (POWERMECH) had a P/E of 18.4× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 24% below their 52-week high. It earns ROCE of 20% and ROE of 16%, and sales and net profit grew 19% and 20% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.26× equity. It is a small-cap company with a market cap of ₹7,183 Cr, ranked 19th of 156 Engineering & Construction companies by market cap; the shares fell 7.9% over the past year.
- ₹2,269.00
- ₹2,297.30
- ₹2,211.20
- ₹2,272.20
- 51.1K
Health check
- ReturnsBehind
−7.9% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 18.4 vs industry 16.4.
- GrowthSteady
Sales +18.9%, profit +20.3% a year over 3 years.
- ProfitabilityStrong
ROCE 20.3% vs peer median 19.9%.
- Balance sheetSolid
Debt 0.26× equity, interest covered 8.0×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,183 Cr
- Small cap
- P/E
- 18.4
- Industry 16.4
- Price to book
- 2.85
- Peers 4.92
- Dividend yield
- 0.07%
- ROE
- 15.6%
- Peers 17.9%
- ROCE
- 20.3%
- Peers 19.9%
- Debt to equity
- 0.26
- Debt ₹664 Cr
- EPS (TTM)
- ₹123.75
- Face value ₹10
- OPM (TTM)
- 11.0%
- Net margin 6.1%
- Sales growth
- +25.5%
- Latest quarter vs a year ago
- Profit growth
- +51.9%
- Latest quarter vs a year ago
- Price to sales
- 1.12
- EV/EBITDA 10.6
Strengths and risks
Strengths
- Return on capital employed of 20.3%.
- Quarterly profit up 51.9% on a year ago.
- Quarterly sales up 25.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Power Mech Projects
Power Mech Projects Limited, together with its subsidiaries, provides services in power and infrastructure sectors in India and internationally. The company engages in the erection, testing, and commissioning of boilers, turbines, and generators; balance of plant (BOP), civil works and operation and maintenance (O&M); and overhauling and renovation of thermal power plants, as well as undertakes projects in the power, hydro, railway, roads and highways,…
- Headquarters
- Hyderabad
- Employees
- 9,964
- Sector
- Industrials
- ISIN
- INE211R01019
- Website
- powermechprojects.com
Price range
- Avg volume (3M)
- 54.2K
- 1-year return
- minus 7.9%
- From 52-week high
- minus 24.5%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| POWERMECHPower Mech Projects | 2,271.80 | minus 0.02% | 7,183 | 18.4 | – | – | 11.0% | 0.26 | – | minus 7.9% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,293 | 1,238 | 1,420 | 2,111 | 1,624 | |
| 1,122 | 1,091 | 1,260 | 1,884 | 1,456 | |
| 171 | 147 | 160 | 227 | 167 | |
| 13.2% | 11.9% | 11.2% | 10.7% | 10.3% | |
| 10.5 | 10.1 | 13.4 | 9.1 | 8.7 | |
| 29.4 | 28.4 | 29.9 | 27.9 | 26.6 | |
| 16.4 | 17.4 | 19.3 | 21.3 | 23 | |
| 136 | 111 | 124 | 187 | 126 | |
| 40.6% | 29.9% | 19.6% | 17.8% | 29.3% | |
| 52.5 | 74.9 | 93.9 | 143 | 79.8 | |
| 16.61 | 23.70 | 29.73 | 45.09 | 25.23 |
Profit & loss
- Sales CAGR 3Y
- +18.9%
- Profit CAGR 3Y
- +20.3%
- EPS CAGR 3Y
- +17.7%
- ROE
- 15.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,600 | 4,206 | 5,220 | 6,050 | |
| – | +16.8% | +24.1% | +15.9% | |
| 3,192 | 3,704 | 4,610 | 5,337 | |
| 408 | 502 | 610 | 713 | |
| 11.3% | 11.9% | 11.7% | 11.8% | |
| −11.9 | −2.1 | 17.1 | 5.2 | |
| 70.4 | 72.2 | 75.7 | 89.6 | |
| 42.9 | 44 | 55.8 | 74.5 | |
| −2.8 | −1.7 | −4.4 | 3.1 | |
| 280 | 382 | 491 | 558 | |
| 26.0% | 35.0% | 29.3% | 26.2% | |
| 209 | 248 | 326 | 364 | |
| – | +18.6% | +31.6% | +11.5% | |
| 70.63 | 81.07 | 103.26 | 115.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.9 | 15.8 | 31.6 | 31.6 | |
| 1,260 | 1,822 | 2,128 | 2,487 | |
| 473 | 396 | 715 | 634 | |
| 1,306 | 1,334 | 1,739 | 2,437 | |
| 3,054 | 3,568 | 4,614 | 5,589 | |
| 190 | 248 | 348 | 663 | |
| 4.1 | 18.8 | 31.8 | 244 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 44.9 | 52.4 | 92.6 | 107 | |
| 2,815 | 3,249 | 4,142 | 4,576 | |
| 3,054 | 3,568 | 4,614 | 5,589 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 182 | 205 | 0.7 | 387 | |
| −91 | −373 | −193 | −185 | |
| −120 | 176 | 232 | −189 | |
| −29 | 7.4 | 40.2 | 14.1 | |
| −53.7 | −92.3 | −163 | −335 | |
| 129 | 112 | −162 | 52 | |
| −2.2 | −3 | −3.2 | −4 |
Shareholding pattern
- Promoters58.42%
- Public41.58%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.42% | 41.58% | 0.00 | |
| 30 Jun 2026 | 58.42% | 41.58% | 0.00 | |
| 31 Mar 2026 | 58.42% | 41.58% | plus 0.09 | |
| 31 Dec 2025 | 58.33% | 41.67% | 0.00 | |
| 30 Sep 2025 | 58.33% | 41.67% | – |
Major shareholders
Filings & events
News
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