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Promax Power Limited

Construction › Construction
₹11.55
at close · 8 Oct 2026
▼ 0.45 (-3.75%)
ThemesElectric Vehicles· growingBatteries & Energy Storage· mention

Latest filings

  1. Promax Power appoints Secretarial Auditor for 5-year term · Management Changes
  2. New statutory auditor appointed for five year term · Management Changes
  3. Promax Power 9th AGM: All 6 resolutions passed with 100 percent votes in favor · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in civil construction and reported revenue from operations of ₹70.7312 crore for FY26, up 6.6% from FY25. In January 2026, the company received a Letter of Award from Hubli Electricity Supply Company Limited (HESCOM), a Government of Karnataka undertaking, to set up a 6.0 MW (AC) grid-connected solar power project at Hipparagi, Karnataka under the Build-Own-Operate (BOO) / RESCO model. The contract runs for 25 years from the Commercial Operation Date at a tariff of ₹2.97 per unit, with an estimated value of ₹70-75 crore over the contract period. To execute the project, it acquired a 63.76% stake in Promax Solar One Hubli Private Limited, a newly incorporated special purpose vehicle. The disclosed cost structure shows employee costs at 1.2% of revenue and other operating expenses at 2.0% of revenue, with no materials cost reported. Profit after tax for FY26 fell to ₹85.67 lakhs from ₹234.26 lakhs in FY25, and operating cash flow was negative at ₹986.36 lakhs. The company is listed on the SME platform of BSE Limited.

Operating scale
Solar project capacity
6.0 MW (AC)FY26
Solar project location
Hipparagi, Karnataka
Solar contract tariff
₹2.97 per unit
Solar contract tenure
25 years from Commercial Operation Date
Solar contract estimated value
₹70-75 crore over contract period
FY26 revenue from operations
₹70.7312 croreFY26
Who pays it
HESCOM (Hubli Electricity Supply Company Limited, Karnataka government undertaking) for the solar project; civil construction clients not named in filings
Biggest cost
Employee costs at 1.2% of revenue and other operating expenses at 2.0% of revenue; materials cost reported as 0%
Kind of business
Small-scale civil construction company, recently diversifying into renewable power generation
Where it sits
SME-listed on BSE in the civil construction industry
Market Cap
₹29 Cr
P / E (TTM)
32.1×
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
9.0%·
ROCE (FY23)
ROE — · margin —
Leverage
—·
Debt / Equity · borrowings not filed
Moves on a normal day
3.84%·
Median daily move
Last 132 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#78/101
Revenue growth#17/86

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY23 — not investment advice

Not enough history to assess.

Charts

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Peers

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Financials

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Promax Power Limited's filed financials and exchange disclosures

What does Promax Power Limited do?

Promax Power Limited is a Construction company listed on BSE.

Is Promax Power Limited expensive compared with its peers?

On trailing P/E, Promax Power Limited ranks 78 of 101 in Civil Construction — cheaper than 23% of them, against an industry median of 14.5×. This is a position, not a valuation judgement.

How much does the Promax Power Limited share price move in a day?

On a typical session Promax Power Limited moves 3.84% — that is the median absolute close-to-close move across its last 132 trading days. MarketPing measures each filing's price reaction against it.

Where can I track Promax Power Limited's announcements?

Every NSE and BSE filing by Promax Power Limited appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.