Update shared on24 Jul 2025
Fair value Increased 8.04%Despite lower consensus revenue growth forecasts, a notable increase in the Future P/E multiple has driven the analyst price target for Power Mech Projects up from ₹2,725 to ₹2,944.
What's in the News
- Secured INR 4.98 billion order from SJVN Thermal for commissioning support and O&M of Buxar Thermal Power Project (2x660 MW) in Bihar over 39 months, and INR 529.6 million order from Jhabua Power for O&M of a 600 MW unit in Madhya Pradesh for 3 years (extendable by 1 year).
- Won Bihar State Power Generation project to set up distributed solar power plants (13.66 MW) under the PM-KUSUM scheme, with estimated revenue of INR 159 million over 25 years, covering design to O&M.
- Approved final dividend of INR 1.25 per equity share for FY25, pending shareholder approval.
- Awarded contract by Telangana Power Generation Corporation for engineering and construction of an integrated township at Yadadri Thermal Power Station, Nalgonda, worth INR 9.72 billion, to be executed over 30 months.
Valuation Changes
Summary of Valuation Changes for Power Mech Projects
- The Consensus Analyst Price Target has risen from ₹2725 to ₹2944.
- The Future P/E for Power Mech Projects has significantly risen from 14.52x to 17.73x.
- The Consensus Revenue Growth forecasts for Power Mech Projects has significantly fallen from 27.2% per annum to 23.6% per annum.
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