Reported Earnings • May 22
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹37.08. Revenue: ₹61.1b (up 17% from FY 2025). Net income: ₹3.64b (up 12% from FY 2025). Profit margin: 6.0% (down from 6.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Announcement • May 15
Power Mech Projects Limited to Report Q4, 2026 Results on May 20, 2026 Power Mech Projects Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 20, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2,259, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Construction industry in India. Total returns to shareholders of 82% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹29.73 (vs ₹25.94 in 3Q 2025) Third quarter 2026 results: EPS: ₹29.73 (up from ₹25.94 in 3Q 2025). Revenue: ₹14.3b (up 7.1% from 3Q 2025). Net income: ₹939.9m (up 15% from 3Q 2025). Profit margin: 6.6% (up from 6.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Power Mech Projects Limited to Report Q3, 2026 Results on Feb 10, 2026 Power Mech Projects Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹23.70 (vs ₹21.22 in 2Q 2025) Second quarter 2026 results: EPS: ₹23.70 (up from ₹21.22 in 2Q 2025). Revenue: ₹12.5b (up 21% from 2Q 2025). Net income: ₹749.2m (up 12% from 2Q 2025). Profit margin: 6.0% (down from 6.5% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
Power Mech Projects Limited to Report Q2, 2026 Results on Nov 10, 2025 Power Mech Projects Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Sep 23
Power Mech Projects Limited Announces Appointments of Directors, Effective September 23, 2025 Power Mech Projects Limited announced annual general meeting held on September 23, 2025 approved appointment of Mr. Bontha Prasada Rao as independent director of the Company. Appointment of Mr. Sajja Rohit as Director and Whole-Time Director. Declared Dividend • Sep 03
Dividend of ₹1.25 announced Shareholders will receive a dividend of ₹1.25. Ex-date: 15th September 2025 Payment date: 22nd October 2025 Dividend yield will be 0.04%, which is lower than the industry average of 0.6%. Announcement • Sep 02
Power Mech Projects Limited announces Annual dividend, payable on October 22, 2025 Power Mech Projects Limited announced Annual dividend of INR 1.2500 per share payable on October 22, 2025, ex-date on September 15, 2025 and record date on September 15, 2025. Announcement • Sep 01
Power Mech Projects Limited, Annual General Meeting, Sep 22, 2025 Power Mech Projects Limited, Annual General Meeting, Sep 22, 2025, at 10:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹16.61 (vs ₹19.02 in 1Q 2025) First quarter 2026 results: EPS: ₹16.61 (down from ₹19.02 in 1Q 2025). Revenue: ₹13.0b (up 30% from 1Q 2025). Net income: ₹525.2m (down 13% from 1Q 2025). Profit margin: 4.0% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Power Mech Projects Limited to Report Q1, 2026 Results on Aug 08, 2025 Power Mech Projects Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 23
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹103 (up from ₹81.07 in FY 2024). Revenue: ₹52.8b (up 26% from FY 2024). Net income: ₹3.26b (up 32% from FY 2024). Profit margin: 6.2% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Power Mech Projects Limited to Report Q4, 2025 Results on May 22, 2025 Power Mech Projects Limited announced that they will report Q4, 2025 results on May 22, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,966, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Construction industry in India. Total returns to shareholders of 531% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹5,673 per share. New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹2,525, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 497% over the past three years. Price Target Changed • Mar 22
Price target decreased by 21% to ₹2,464 Down from ₹3,133, the current price target is an average from 2 analysts. New target price is 14% above last closing price of ₹2,169. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of ₹109 for next year compared to ₹81.07 last year. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹25.94 (vs ₹19.74 in 3Q 2024) Third quarter 2025 results: EPS: ₹25.94 (up from ₹19.74 in 3Q 2024). Revenue: ₹13.4b (up 21% from 3Q 2024). Net income: ₹820.3m (up 33% from 3Q 2024). Profit margin: 6.1% (up from 5.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 05
Power Mech Projects Limited to Report Q3, 2025 Results on Feb 10, 2025 Power Mech Projects Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹2,429, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 390% over the past three years. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹42.43 (vs ₹17.20 in 2Q 2024) Second quarter 2025 results: EPS: ₹42.43 (up from ₹17.20 in 2Q 2024). Revenue: ₹10.5b (up 12% from 2Q 2024). Net income: ₹670.7m (up 31% from 2Q 2024). Profit margin: 6.4% (up from 5.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 11
Power Mech Projects Limited Appoints Raghavendra Prasad Movva as Company Secretary The Board of directors of Power Mech Projects Limited at its meeting held on November 11, 2024 has approved the appointment of Mr. Raghavendra Prasad Movva an Associate Member of the Institute of Company Secretaries of India and the Compliance officer of the Company, as the Company Secretary of the Company with effect from November 11, 2024. Mr. Raghavendra Prasad Movva is a qualified Company Secretary and an Associate Member (A41798) of ICSI. He holds a Bachelor's degree in Law (LL.B.) from Acharya Nagarjuna University and a Post Graduate degree in Master of Business Administration from Jawaharlal Nehru Technological University, Hyderabad and Presently pursuing ‘Senior Management Program’ from IIM (Kashipur). He brings with him about 10 years of post-qualification experience, with expertise in listing compliances, corporate and allied laws and legal drafting. Based in Hyderabad, Mr. Raghavendra's previous employment was with Zen Technologies Limited (‘Zen’), where he served as the Company Secretary and Compliance Officer. During his tenure, he was responsible for managing the overall corporate compliance framework of the listed company and its group entities. He played a key role in several significant corporate actions, including the conversion of Warrants and Compulsory Convertible Debentures to equity shares, the Qualified Institutional Placement (QIP) of 1,000 crores, and the implementation of Employee Stock Option Plans (ESOPs). Before his time at Zen, Mr. Raghavendra worked with NAVA LIMITED (‘NAVA’) (formerly Nava Bharat Ventures Limited), for approximately 8 years. There, he was instrumental in managing the corporate compliance framework of the listed company and its group entities. His contributions also included corporate actions such as buybacks, share bonuses, capital reductions, and other key assignments. Announcement • Nov 05
Power Mech Projects Limited to Report Q2, 2025 Results on Nov 11, 2024 Power Mech Projects Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Sep 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 29% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risk Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Announcement • Sep 26
Power Mech Projects Limited Appoints Raghavendra Prasad Movva as Compliance Officer The Board of Directors of Power Mech Projects Limited approved the appointment of Mr. Raghavendra Prasad Movva, an Associate Member of the Institute of Company Secretaries of India (ICSI), as the Compliance Officer of the Company with effect from September 25, 2024. Mr. Raghavendra Prasad Movva is a qualified Company Secretary and an Associate Member (A41798) of ICSI. He holds a Bachelor's degree in Law (LL.B.) from Acharya Nagarjuna University and a Post Graduate degree in Master of Business Administration from Jawaharlal Nehru Technological University, Hyderabad. He brings with him about 10 years of post-
qualification experience, with expertise in corporate and allied laws, including listing compliances and legal drafting. Based in Hyderabad, Mr. Raghavendra's previous employment was with Zen Technologies Limited ("Zen"), a pioneer in Defence Training Solutions, Drones, and Anti-Drone Solutions, where he served as the Company Secretary and Compliance Officer. During his tenure, he was responsible for managing the overall corporate compliance framework of the listed company and its group entities. He played a key role in several significant corporate actions, including the conversion of Warrants and Compulsory Convertible Debentures to equity shares, the Qualified Institutional Placement (QIP) of 1,000 crores, and the implementation of Employee Stock Option Plans (ESOPs). Before his time at Zen, Mr. Raghavendra worked with NAVA LIMITED ("NAVA") (formerly Nava Bharat Ventures Limited), a leading manufacturer in ferro alloys and power generation, for approximately 8 years. There, he was instrumental in managing the corporate compliance framework of the listed company and its group entities. His contributions also included corporate actions such as buybacks, share bonuses, capital reductions, and other key assignments. Upcoming Dividend • Sep 13
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 0.6%. Declared Dividend • Aug 24
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.03%, which is lower than the industry average of 0.6%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 3%. Announcement • Aug 23
Power Mech Projects Limited, Annual General Meeting, Sep 27, 2024 Power Mech Projects Limited, Annual General Meeting, Sep 27, 2024. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹6,364, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Construction industry in India. Total returns to shareholders of 658% over the past three years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹38.04 (vs ₹34.20 in 1Q 2024) First quarter 2025 results: EPS: ₹38.04 (up from ₹34.20 in 1Q 2024). Revenue: ₹10.2b (up 18% from 1Q 2024). Net income: ₹601.3m (up 18% from 1Q 2024). Profit margin: 5.9% (in line with 1Q 2024). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Power Mech Projects Limited to Report Q1, 2025 Results on Aug 12, 2024 Power Mech Projects Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • Jul 15
Power Mech Projects Limited Announces Resignation of Mohith Kumar Khandelwal as Company Secretary/Compliance Officer Power Mech Projects Limited informed that Mr. Mohith Kumar Khandelwal, Company Secretary of the Company had tendered his resignation and he would be relieved from the services effective from closure of business hours on July 15, 2024. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹5,781, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Construction industry in India. Total returns to shareholders of 608% over the past three years. Recent Insider Transactions • Jul 04
Chairman & MD recently sold ₹3.0m worth of stock On the 28th of June, Sajja Babu sold around 600 shares on-market at roughly ₹4,983 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹387m. Sajja has been a net seller over the last 12 months, reducing personal holdings by ₹260m. Recent Insider Transactions • Jun 19
Non-Executive Director recently sold ₹387m worth of stock On the 13th of June, Sajja Lakshmi sold around 82k shares on-market at roughly ₹4,755 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.2b more than they bought in the last 12 months. Reported Earnings • May 21
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹162 (up from ₹140 in FY 2023). Revenue: ₹42.3b (up 18% from FY 2023). Net income: ₹2.48b (up 19% from FY 2023). Profit margin: 5.9% (in line with FY 2023). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹39.48 (vs ₹33.99 in 3Q 2023) Third quarter 2024 results: EPS: ₹39.48 (up from ₹33.99 in 3Q 2023). Revenue: ₹11.1b (up 23% from 3Q 2023). Net income: ₹615.2m (up 22% from 3Q 2023). Profit margin: 5.5% (down from 5.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Power Mech Projects Limited to Report Q3, 2024 Results on Feb 13, 2024 Power Mech Projects Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹34.40 (vs ₹29.78 in 2Q 2023) Second quarter 2024 results: EPS: ₹34.40 (up from ₹29.78 in 2Q 2023). Revenue: ₹9.37b (up 22% from 2Q 2023). Net income: ₹512.7m (up 17% from 2Q 2023). Profit margin: 5.5% (down from 5.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Power Mech Projects Limited to Report Q2, 2024 Results on Nov 11, 2023 Power Mech Projects Limited announced that they will report Q2, 2024 results on Nov 11, 2023 Announcement • Oct 25
Power Mech Projects Limited has completed a Follow-on Equity Offering in the amount of INR 3.499996 billion. Power Mech Projects Limited has completed a Follow-on Equity Offering in the amount of INR 3.499996 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 901,789
Price\Range: INR 3881.17
Transaction Features: Regulation S; Subsequent Direct Listing New Risk • Oct 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Significant insider selling over the past 3 months (₹80m sold). Upcoming Dividend • Sep 14
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 1.4% and this is well supported by cash flows. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 0.8%. Announcement • Aug 26
Power Mech Projects Limited, Annual General Meeting, Sep 28, 2023 Power Mech Projects Limited, Annual General Meeting, Sep 28, 2023. Recent Insider Transactions • Aug 23
Insider recently sold ₹40m worth of stock On the 16th of August, Ajay Kantheti sold around 10k shares on-market at roughly ₹4,000 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹63m more than they bought in the last 12 months. Price Target Changed • Aug 13
Price target increased by 93% to ₹4,551 Up from ₹2,358, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₹3,984. Stock is up 260% over the past year. The company is forecast to post earnings per share of ₹212 for next year compared to ₹141 last year. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹34.20 (vs ₹26.84 in 1Q 2023) First quarter 2024 results: EPS: ₹34.20 (up from ₹26.84 in 1Q 2023). Revenue: ₹8.71b (up 17% from 1Q 2023). Net income: ₹509.9m (up 29% from 1Q 2023). Profit margin: 5.9% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Power Mech Projects Limited to Report Q1, 2024 Results on Aug 09, 2023 Power Mech Projects Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • Jul 27
Power Mech Projects Limited Announces Resignation of Gorijala Durga Varaprasada Rao as Independent Director Power Mech Projects Limited informed that Mr. Mr.Gorijala Durga Varaprasada Rao, would cease to be an Independent Director on the board of the Company with effect from closing hours of July 26, 2023, on account of completion of his tenure of two consecutive terms as an Independent Director. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Additional Independent Director Lasya Yerramneni was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹23m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Jun 20
Insider recently sold ₹12m worth of stock On the 15th of June, Gogineni Babu sold around 4k shares on-market at roughly ₹3,280 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹20m more than they sold in the last 12 months. Reported Earnings • May 27
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹141 (up from ₹94.48 in FY 2022). Revenue: ₹36.2b (up 34% from FY 2022). Net income: ₹2.09b (up 51% from FY 2022). Profit margin: 5.8% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 27
Power Mech Projects Limited Recommends Final Dividend for the Financial Year Ended 31 March 2023 Power Mech Projects Limited Recommended a final dividend of INR 2.00 per Share (20%) for the Fiscal Year 2022-2023, subject to the approval of the Shareholders in the AGM. Announcement • May 21
Power Mech Projects Limited Announces Cessation of Thiagarajan Sankaralingam to Be an Independent Director on the Board Power Mech Projects Limited announced that Mr. Thiagarajan Sankaralingam (DIN:00015954), would cease to be an Independent Director on the Board of the Company effective closing hours of 21st Day of May, 2023 on account of completion of his tenure of two consecutive terms as an Independent Director. Announcement • May 19
Power Mech Projects Limited to Report Q4, 2023 Results on May 26, 2023 Power Mech Projects Limited announced that they will report Q4, 2023 results on May 26, 2023 Recent Insider Transactions • Apr 02
Insider recently bought ₹40m worth of stock On the 29th of March, Amulya Kurra bought around 17k shares on-market at roughly ₹2,387 per share. This transaction increased Amulya Kurra's direct individual holding by 8x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,393, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Construction industry in India. Total returns to shareholders of 315% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,011, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Construction industry in India. Total returns to shareholders of 173% over the past three years. Reported Earnings • Feb 09
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₹33.99 (up from ₹22.35 in 3Q 2022). Revenue: ₹9.09b (up 41% from 3Q 2022). Net income: ₹506.2m (up 54% from 3Q 2022). Profit margin: 5.6% (up from 5.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 36% per year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,817, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Construction industry in India. Total returns to shareholders of 145% over the past three years. Announcement • Jan 11
Power Mech Projects Limited to Report Q3, 2023 Results on Feb 07, 2023 Power Mech Projects Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹1,843, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Construction industry in India. Total returns to shareholders of 206% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 19% share price gain to ₹2,261, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Construction industry in India. Total returns to shareholders of 275% over the past three years. Price Target Changed • Nov 16
Price target increased to ₹2,358 Up from ₹1,406, the current price target is provided by 1 analyst. New target price is 22% above last closing price of ₹1,928. Stock is up 98% over the past year. The company is forecast to post earnings per share of ₹141 for next year compared to ₹94.48 last year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Additional Independent Director Lasya Yerramneni was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Power Mech Projects Limited to Report Q2, 2023 Results on Nov 12, 2022 Power Mech Projects Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹2,009, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Construction industry in India. Total returns to shareholders of 205% over the past three years. Announcement • Oct 02
Power Mech Projects Limited Approves Dividend for the Financial Year Ended March 31, 2022 Power Mech Projects Limited at the annual general meeting held on September 30, 2022 approved the payment of Dividend of INR 1.50/- per Equity Share of INR 10/- each for the financial year ended March 31, 2022. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 28% share price gain to ₹1,722, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Construction industry in India. Total returns to shareholders of 132% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.2%). Announcement • Aug 26
Power Mech Projects Limited announced that it expects to receive INR 250 million in funding from Power Mech Infra Limited Power Mech Projects Limited announced a private placement of common shares on preferential basis for gross proceeds not exceeding INR 250,000,000 on August 25, 2022. The shares carry a face value of INR 10 per share. The transaction will include participation from Power Mech Infra Limited. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,278, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Construction industry in India. Total returns to shareholders of 86% over the past three years. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹26.84 (vs ₹21.37 in 1Q 2022) First quarter 2023 results: EPS: ₹26.84 (up from ₹21.37 in 1Q 2022). Revenue: ₹7.49b (up 20% from 1Q 2022). Net income: ₹394.9m (up 26% from 1Q 2022). Profit margin: 5.3% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 30%, compared to a 12% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 14
Power Mech Projects Limited, Annual General Meeting, Sep 30, 2022 Power Mech Projects Limited, Annual General Meeting, Sep 30, 2022. Announcement • Aug 06
Power Mech Projects Limited to Report Q1, 2023 Results on Aug 13, 2022 Power Mech Projects Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • May 24
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹94.49 (up from ₹31.02 loss in FY 2021). Revenue: ₹27.1b (up 44% from FY 2021). Net income: ₹1.39b (up ₹1.85b from FY 2021). Profit margin: 5.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 23
Power Mech Projects Limited Recommends Final Dividend for the Financial year 2021-22 Power Mech Projects Limited Recommended a final dividend of INR 1.50 per Share (15%) for the Fiscal Year 2021-22, subject to the approval of the Shareholders in the AGM. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,021, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 17x in the Construction industry in India. Total loss to shareholders of 5.5% over the past three years. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Additional Independent Director Lasya Yerramneni was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹22.35 (up from ₹2.13 in 3Q 2021). Revenue: ₹6.50b (up 28% from 3Q 2021). Net income: ₹328.8m (up ₹297.5m from 3Q 2021). Profit margin: 5.1% (up from 0.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 12% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 17
Insider recently sold ₹1.5m worth of stock On the 15th of December, Koyi Devi sold around 2k shares on-market at roughly ₹994 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹49m more than they sold in the last 12 months. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Additional Independent Director Lasya Yerramneni was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹18.41 (vs ₹35.21 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.44b (up 58% from 2Q 2021). Net income: ₹270.8m (up ₹788.8m from 2Q 2021). Profit margin: 5.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹21.37 (vs ₹22.16 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹6.23b (up 126% from 1Q 2021). Net income: ₹314.4m (up ₹640.3m from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 24
Full year 2021 earnings released: ₹31.00 loss per share (vs ₹89.23 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹18.8b (down 13% from FY 2020). Net loss: ₹460.0m (down 135% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Apr 04
Insider recently bought ₹22m worth of stock On the 30th of March, Aishwarya Kurra bought around 38k shares on-market at roughly ₹569 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹80m more in shares than they have sold in the last 12 months. Announcement • Mar 04
Power Mech Projects Limited Receives Letters of Award for the Worth INR 7,340 Million Power Mech Projects Limited has received letters of award for the following works worth INR 7,340 million:- 4x660 MW TPP of Vedanta Limited, Jharsuguda, EPC works for Kurmitar Iron Ore Mining Private Limited, Odisha and
'2X660 MW Khurja STPP for BHEL, Khurja, Uttar Pradesh. Operation & Maintenance of Boilers & auxillaries, TG & Auxilliaries, BOP, DM plant, Electrical, C & I, AHP, O&M, Filed operations and other miscellaneous jobs of 4 x 660 MW, Thermal Power Plant of M/s. Vedanta Limited, Jharsuguda. Design & Engineering, Supply, Installation, Commissioning and PGT of 9 MTPA Ore Handling Package at Primary Area, Dispatch Area-1 and Dispatch area-2 on EPC Basis at Kurmitar Iron Ore Mining Private Limited (KIOMPL), Odisha. All Civil, Architectural and Structural Works of Main Plant for 2X660 MW Khurja STPP (Turbine Generator and Associated Packages) for BHEL at Khurja, Uttar Pradesh. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹2.13 (vs ₹24.75 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹5.18b (down 5.1% from 3Q 2020). Net income: ₹31.3m (down 91% from 3Q 2020). Profit margin: 0.6% (down from 6.7% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
Power Mech Projects Limited Receives the Letters of Award for the Works Worth INR 106.836 Million Power Mech Projects Limited has received the Letters of Award for the works worth INR 106.836 million. Below are the details of the orders: Implementation of Various Rural Water Supply Projects in the State of Uttar Pradesh for Meerut District under State Water & Sanitation Mission, Govt. of Uttar Pradesh. Implementation of various Rural water supply projects in the state of Uttar Pradesh for Aligarh District under state water & sanitation mission, Govt. of Uttar Pradesh. Works No.1 & 2 worth INR 8,980 million, awarded for a Joint Venture of Power Mech Projects Limited. For Prayagraj Power Generation Company Limited for its 3x660 MW TPP, "Field operation with Mech. and C&I Maintenance, BTG and BOP" Operation and Maintenance of CHP, its associated systems, Railway logistics and the railway yard operations and Weighbridge management works worth INR 10.036 million in Bara, Uttar Pradesh. Operation of Wagon Trippler and Truck Tripplers for Tata Steel BSL worth INR 700.0 million in Angul, Odisha. Announcement • Feb 02
Power Mech Projects Limited to Report Q3, 2021 Results on Feb 12, 2021 Power Mech Projects Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Feb 01
New 90-day high: ₹452 The company is up 21% from its price of ₹374 on 03 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 36% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹447 The company is up 4.0% from its price of ₹429 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 19% over the same period. Recent Insider Transactions • Nov 27
Chairman & MD recently bought ₹30m worth of stock On the 24th of November, Sajja Babu bought around 75k shares on-market at roughly ₹396 per share. This was the largest purchase by an insider in the last 3 months. Sajja has been a buyer over the last 12 months, purchasing a net total of ₹33m worth in shares. Announcement • Nov 04
Power Mech Projects Limited to Report Q2, 2021 Results on Nov 13, 2020 Power Mech Projects Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Upcoming Dividend • Oct 05
Upcoming Dividend of ₹1.00 Per Share Will be paid on the 19th of November to those who are registered shareholders by the 12th of October. The trailing yield of 0.2% is below the top quartile of Indian dividend payers (2.3%), and is lower than industry peers (1.8%). Reported Earnings • Sep 28
Full year earnings released - EPS ₹89.23 Over the last 12 months the company has reported total profits of ₹1.31b, up 7.9% from the prior year. Total revenue was ₹21.6b over the last 12 months, down 4.3% from the prior year. Profit margins were 6.1%, which is in line with last year.