Provides engineering, procurement and construction (EPC) and operations & maintenance (O&M) services primarily to India's power sector. Core work is civil, structural and Balance of Plant (BOP) construction for thermal power plants — clients referenced include NTPC, BHEL, JSW, Adani and Singareni — alongside operations and maintenance contracts across thermal and metro rail. FY26 consolidated revenue was INR 6,061.57 crore with a 12.38% EBITDA margin and INR 411.68 crore net profit. End-FY26 order backlog stood at INR 55,151 crore, of which INR 15,899 crore was flagged as executable (excluding the MDO book), giving multi-year revenue visibility; FY26 order inflow was INR 7,210 crore versus a INR 10,000 crore target, the shortfall caused by cancellation of a INR 1,563 crore West Bengal BESS order. The company has expanded into mine development and operations (MDO) at the KBP and SAIL mines, guided to deliver INR 500 crore in FY27 and INR 1,250 crore in FY28, and into metro rail O&M via a INR 279 crore Mumbai Monorail contract. International operations include around 1,500 staff in the Middle East and an O&M push into West Africa (Nigeria, Senegal, Liberia). FY27 guidance points to 21% revenue growth, a 12.5% EBITDA margin and INR 12,000 crore of new orders; operating cash flow was INR 430 crore in FY26. The largest cost line is other operating expenses at 61.6% of revenue, with materials at 14.3% and employees at 12.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Power sector EPC (civil, structural, BOP), Operations and Maintenance (O&M), Mine Development and Operations (MDO), International operations. Cyclical, project-driven EPC and O&M contractor with long execution cycles
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,710 | 3,601 | 4,207 | 5,234 | 6,062 |
| EBITDA (ex other income) | 286 | 404 | 496 | 601 | 705 |
| margin % | 10.6 | 11.2 | 11.8 | 11.5 | 11.6 |
| Owners' profit | 139 | 209 | 248 | 326 | 364 |
| EPS, as reported (₹) | 94.49 | 141.26 | 162.28 | 103.26 | 115.12 |
| ROE % · ROCE % | 13.2 · 21.3 | 16.2 · 25.4 | 13.5 · 22.2 | 15.9 · 23.2 | 15.9 · 21.2 |
| Debt / equity (x) | 0.50 | 0.37 | 0.21 | 0.33 | 0.25 |
| Cash from operations | 177 | 182 | 204 | 0 | 430 |
| Capex | (46) | (54) | (92) | (163) | (335) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,035 | 1,338 | 1,853 | 1,293 | 1,238 | 1,420 | 2,111 | 1,624 |
| Profit before tax | 102 | 121 | 181 | 137 | 112 | 124 | 188 | 126 |
| Net profit | 70 | 87 | 130 | 81 | 78 | 100 | 153 | 89 |
| EPS (₹) | 42.43 | 25.94 | 37.08 | 16.61 | 23.70 | 29.73 | 45.09 | 25.23 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 | 30.4 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Power Mech secures Rs 970 Cr OandM order from Vedanta Power | business updates | high | — | — |
| 31 Aug 2026 · Independent Director retires after completing second term | management changes | medium | — | — |
| 26 Aug 2026 · Power Mech Projects files newspaper notice for 27th AGM, e-voting | compliance | minimal | — | — |
| 26 Aug 2026 · Record date fixed Sep 10, 2026 for FY26 final dividend | corporate actions | high | — | — |
| 26 Aug 2026 · 27th AGM on September 17, 2026; Book Closure from September 11 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Power Mech 27th AGM notice on Sept 17, 2026 with dividend and ESOP plan | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Promoter Director Sajja Lakshmi resigns from Power Mech Projects board | management changes | medium | — | — |
| 20 Aug 2026 · Mrs Sajja Lakshmi resigns as Non-Executive Non-Independent Director | management changes | medium | — | — |
| 17 Aug 2026 · Power Mech Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 10 Aug 2026 · Conference call recording for Q1FY27 results uploaded | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 7.6 |
| 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.5 | 14.9 | 66 of 107 | 39% |
| P/B | 2.9 | 1.4 | 67 of 86 | 22% |
| ROCE | 17.6 | 10.0 | 28 of 109 | 75% |
| ROE | 15.9 | 9.2 | 21 of 91 | 78% |
| Debt / Equity | 0.3 | 0.3 | 37 of 91 | 60% |
| EBITDA margin | 10.8 | 12.4 | 49 of 88 | 45% |
| Revenue growth | 25.5 | 6.2 | 21 of 86 | 77% |
| Profit growth | 10.9 | 2.7 | 34 of 84 | 60% |
| Market cap | 7614 | 485 | 16 of 108 | 86% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
