| Market Cap | ₹8,978.71 CrSmall Cap |
|---|---|
| Revenue TTM | ₹6,061.57 CrAnnual Operating |
| RSI | 66.44Neutral Zone |
| Order from | JSW Thermal Energy Limited |
| Execution period | 36 Months |
| Deal value | ₹1,098 Cr |
| Share of market cap | 12.2% |
| Share of annual revenue | 18.1% |
Key highlights
- Order value is ₹1,008.90 Crores including Goods and Services Tax
- Contract involves civil and structural works for the BTG area of a 2x800 MW power project
- Project location is situated in Salboni, West Bengal
- Execution timeline is set for a period of 36 months
- Awarded by JSW Thermal Energy Limited, a domestic private sector entity
What Is the Order?
Power Mech Projects has been awarded a major contract for the execution of civil and structural works at the Boiler, Turbine, and Generator (BTG) area for a 2x800 MW thermal power project. The order, worth ₹1,008.90 crore, was granted by JSW Thermal Energy Limited and is located at Salboni in West Bengal. The project scope encompasses the critical structural engineering required for high-capacity supercritical power units.
The company is expected to complete the works within a 36-month window from the effective date or the commencement of work, marking a significant addition to its medium-term revenue pipeline.
Client Profile
- JSW Thermal Energy Limited is a key entity within the JSW Group, one of India's largest diversified conglomerates.
- The client operates in the power generation sector, focusing on thermal capacity to support industrial growth.
- JSW Group has been actively expanding its energy footprint across both renewable and conventional thermal segments.
- Securing an order from a prominent private developer like JSW underscores the company's competitive standing in the engineering space.
Business Overview
Power Mech Projects operates as an integrated engineering and construction firm with a primary focus on the power sector. The company provides specialized services in the erection, testing, and commissioning of heavy equipment, alongside civil works and operations and maintenance. Beyond its core thermal energy business, the firm has successfully diversified into railway infrastructure, water projects, and mechanical works for the oil and gas industry.
This diversified portfolio allows the company to leverage its technical expertise across multiple high-growth infrastructure sectors while reducing reliance on any single industry segment.
Financial Context
- The company reported annual operating revenue of ₹6,061.57 crore, showcasing a year-on-year growth of 15.68%.
- Net profit for the same period stood at ₹363.99 crore, representing an 11.49% annual increase.
- Power Mech Projects maintains a healthy promoter holding of 58.42%, which has seen marginal increases over the last four quarters.
- The stock is currently classified as a Strong Performer with a Momentum Score of 63.73 and a Durability Score of 60.
Industry Landscape
The Indian construction and engineering industry is witnessing renewed momentum driven by private sector investments in power capacity. While the energy transition is underway, thermal power remains essential for providing base-load stability to the national grid. Large-scale projects involving 800 MW supercritical units are increasingly common as developers seek higher efficiency and lower emissions.
For EPC companies like Power Mech Projects, these developments offer a steady stream of high-value opportunities in specialized civil and mechanical works, particularly for the critical BTG areas of modern power plants.
| Share price | ₹2839.9 |
|---|---|
| Market capitalisation | ₹8,978.71 Cr |
| Revenue (annual) | ₹6,061.57 Cr |
| Net profit (annual) | ₹363.99 Cr |
| Revenue (latest quarter) | ₹2,110.73 Cr+48.69% vs previous quarter |
| Net profit (latest quarter) | ₹142.55 Cr+51.67% vs previous quarter |
| P/E (TTM) | 24.67×Sector 36.12× |
| Promoter holding | 58.42%+0.09% QoQ |
| FII holding | 6.48%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Power Mech Projects Ltd announcing the receipt of a new order from JSW Thermal Energy Limited. Market figures from a third-party data provider.
