| Market Cap | ₹4,369.48 CrMid-range Performer |
|---|---|
| Revenue TTM | ₹2,641.27 Cr9.15% Annual Growth |
| Net Profit TTM | ₹293.23 Cr11.2% Annual Growth |
| PE TTM | 14.9Industry PE 90.74 |
Key highlights
- Establishment of the Pace-Lineage Research Center in Pune for battery technology
- Strategic research collaboration with the Indian Institute of Science Education and Research (IISER), Pune
- Focus on Advanced Chemistry Cells (ACC) including Lithium-ion and Sodium-ion materials
- Validation of raw materials from domestic suppliers to strengthen the local supply chain
- Alignment with national initiatives including Atmanirbhar Bharat and Make in India
What Is the Expansion?
Lineage Power Private Limited, a material subsidiary of Pace Digitek, has inaugurated the Pace-Lineage Research Center in Pune. This dedicated facility is engineered to enhance product development in advanced battery technologies, specifically targeting Advanced Chemistry Cells (ACC) and integrated energy storage solutions. Alongside this opening, the company has formalized a research collaboration with the Indian Institute of Science Education and Research (IISER), Pune.
This partnership is tasked with investigating battery materials like Sodium-ion (Na-ion) to improve cycling stability and energy density, utilizing advanced material characterization and electrochemical evaluation.
Strategic Rationale
- Strengthening in-house engineering capabilities for next-generation energy storage systems
- Developing indigenous technology to reduce reliance on imported battery chemistries
- Supporting the local supply chain by evaluating raw materials from domestic vendors
- Accelerating the commercialization of Sodium-ion and Lithium-ion battery variants
- Positioning for growth in India's expanding renewable energy and grid modernization markets
Business Overview
Pace Digitek Limited operates as an integrated infrastructure and energy solutions provider in India across two main segments: Energy and Telecom & ICT. Within the Energy segment, the company designs and manufactures Battery Energy Storage Systems (BESS) for diverse applications. Lineage Power acts as the specialized arm for manufacturing these systems and related power infrastructure.
In the Telecom sector, the company provides end-to-end engineering, procurement, and construction services, alongside manufacturing power systems for network deployments across multiple Indian telecom circles.
Financial Context
Pace Digitek has demonstrated robust financial performance with a trailing twelve-month (TTM) net profit of ₹293.23 crore. The company's recent quarterly results showed a significant 73.27% year-on-year increase in net profit, reaching ₹99.16 crore, supported by a 60.52% rise in quarterly revenue. Despite this growth, the stock maintains a PE ratio of 14.9, which remains lower than the industry average of 90.74.
The company's annual return on equity stands at 13.48%, with promoters maintaining a substantial 69.52% stake, indicating stable ownership as the company expands its technological footprint.
Management Perspective
The establishment of our dedicated R&D Center marks an important step in strengthening our research and engineering capabilities. Our collaboration with IISER Pune brings together scientific research and industry expertise to advance battery materials and support indigenous technology development.
“Technology and innovation will play a defining role in the future of energy storage.”
| Share price | ₹202.43 |
|---|---|
| Market capitalisation | ₹4,369.48 Cr |
| Revenue (annual) | ₹2,641.27 Cr |
| Net profit (annual) | ₹297.57 Cr |
| Revenue (latest quarter) | ₹1,096.78 Cr+70.32% vs previous quarter |
| Net profit (latest quarter) | ₹99.16 Cr+30.75% vs previous quarter |
| P/E (TTM) | 14.9×Sector 96.13× |
| Promoter holding | 69.52%0.00% QoQ |
| FII holding | 0.98%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Pace Digitek Limited announcing the establishment of a new R&D center and research collaboration. Market figures from a third-party data provider.
