Stock To Purchase: Power Mech Projects (NSE: POWERMECH) shares have returned the money of their investors nearly 13 times in less than three years.
The value for shares as of the April 3 vote was Rs 320. In just three years, it rose to 4489.80. The stock has registered a gain of 3.43 percent, despite Monday’s drop in the market.
Investors jumped in heavily since it has been receiving orders totaling Rs 825 crore in the stock. Power Mech Projects Ltd said it received an order of Rs 825 crore in the form of Mahan Energen Ltd.
The shares of Power Mech Projects on Monday increased 3.86 percent to 4505.15 at the BSE against the previous closing price of 4337.65.
The stock then ended 3.44 percent higher on the BSE. The price has risen more than 108 percent over a year.
Power Mech Projects shares are trading over five days, ten days, twenty days, thirty days, fifty days, hundred days, one hundred fifty days, and two hundred days moving averages.
The stock reached a 52-week peak of Rs 5062.25 on the 31st of July, 2023, and then hit a 52-week low of 1571.20 on February 3, 2023.
The order worth Rs 825 crore that the company obtained from Mahan Energy Limited pertains to the mechanical and civil construction of the 2x800MW (Phase-II) Mahan Ultra Supercritical Thermal Power Project located in the village of Bandhua in the Singrauli district in Madhya Pradesh.
The project is anticipated to take between the 22nd and 33rd months to complete. In the last 1.5 years, this share has given a 444% Massive Return so far.
Company’s Financial Health
The company’s profit before tax (PAT) increased to 51.3 crore in Q2FY24, compared to 43.8 crore in the second quarter of FY23.
Revenue climbed to 936.9 crore in September’s 2023 quarter, up from an amount of 774.3 crore in the prior year period.
Profit from operations increased to 113.3 crore in the quarter that followed compared to 86.6 crore in the first quarter of the last financial year.
What Do They Do?
Power Mech Projects is a manufacturing and engineering firm.
The company specializes in the production tests, commissioning, and testing of turbines, boilers, and generators Plant BOP, civil works and provides service for maintenance and operation.
The company’s activities are in the area of maintenance and construction activities.
About Power Mech Projects Ltd
Power Mech Projects Limited is one of the most reputable companies that construct infrastructure. It was founded in the year 1999 and is located in Hyderabad, India.
The company is globally based and is known for its extensive variety of services offered in the infrastructure and power industries. It can handle more than 4000 tonnes of annual production.
They have completed construction projects which include Ultra Mega Power Projects, Super Critical Thermal Power Projects, Sub Critical Power Projects, Heat Recovery Steam Generators and Waste Heat Recovery Steam Generators, Circulating Fluidized Bed Combustion Steam Generators Gas Turbine Generators, Hydro Electric Projects, and Operation & Maintenance of running plants and all civil work that are associated with power plants.
Fundamental Analysis of Power Mech Projects Ltd
| Market Cap | ₹ 7,180 Cr. |
| Current Price | ₹ 4,550.70 |
| 52-wk High | ₹ 5,069.45 |
| 52-wk Low | ₹ 1,570.60 |
| Stock P/E | 30.00 |
| Book Value | ₹ 918 |
| Dividend | 0.04 % |
| ROCE | 22.2 % |
| ROE | 17.9 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.94 |
| OPM | 11.3 % |
| EPS | ₹ 153 |
| Debt | ₹ 459 Cr. |
| Debt to Equity | 0.34 |
Power Mech Projects Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 64.17% |
| Mar 2023 | 64.17% |
| June 2023 | 64.12% |
| Sept 2023 | 64.05% |
| Oct 2023 | 60.40% |
| FII Holding | |
| Dec 2022 | 5.14% |
| Mar 2023 | 4.96% |
| June 2023 | 3.57% |
| Sept 2023 | 4.16% |
| Oct 2023 | 4.63% |
| DII Holding | |
| Dec 2022 | 10.27% |
| Mar 2023 | 10.76% |
| June 2023 | 13.47% |
| Sept 2023 | 14.53% |
| Oct 2023 | 18.10% |
| Public Holding | |
| Dec 2022 | 20.41% |
| Mar 2023 | 20.10% |
| June 2023 | 18.83% |
| Sept 2023 | 17.25% |
| Oct 2023 | 16.86% |
Power Mech Projects Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,261 Cr |
| 2020 | ₹ 2,165 Cr |
| 2021 | ₹ 1,884 Cr |
| 2022 | ₹ 2,710 Cr |
| 2023 | ₹ 3,881 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 143 Cr |
| 2020 | ₹ 131 Cr |
| 2021 | ₹ -49 Cr |
| 2022 | ₹ 138 Cr |
| 2023 | ₹ 227 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.41 |
| 2020 | 0.48 |
| 2021 | 0.52 |
| 2022 | 0.51 |
| 2023 | 0.37 |
Last 10 Years’ Profit Growth:
| 10 Years: | 15% |
| 5 Years: | 21% |
| 3 Years: | 17% |
| Current Year: | 40% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 18% |
Sales Growth Over 10 Years:
| 10 Years: | 14% |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Current Year: | 27% |
Conclusion
This article is a complete guide about Power Mech Projects Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you for your further investment.
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Also Read: Share Buyback: Rs 10,000 For One Share; 40 Lakh Share Approved; Don’t Miss Chance
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