Manufactures and supplies power electronics products including UPS systems, lithium-ion battery packs, solar hybrid inverters, servo-controlled voltage stabilizers, isolation transformers, and battery energy storage systems (BESS), and also executes solar EPC projects along with installation, AMC and rental services. Operates three manufacturing facilities — two UPS and power conditioning plants in Pune and a lithium battery pack plant in Navi Mumbai — with two more under construction: a 1.2 GWh BESS facility in Jhajjar, Haryana (expected operational by end Q1 FY27) and a UPS plant in Gujarat (expected Q2 FY27). FY26 revenue was ₹386 crore (+10% YoY), generated from contracts with power utilities, railways, healthcare and industrial customers; named clients include Adani, Karnataka Power, Bihar Power, L&T, West Bengal Medical, South Central Railway, Steel Authority of India and India One. The business is order-book driven, with ₹1,202 crore of executable plus L1 orders and ₹257 crore of bids under evaluation providing visibility into FY27 and beyond. Materials at 20.4% of revenue are the largest cost line, followed by other operating expenses (7.9%) and employee costs (7.5%); FY26 EBITDA margin was around 12%. Working capital days spiked to 185 in FY26 (from 68 in FY25) due to receivables from large project execution. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Power electronics products, Energy storage products, Solar EPC and services. Order-book driven, project-execution power electronics manufacturer with growing energy storage exposure
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 351 | 386 |
| EBITDA (ex other income) | 46 | 46 |
| margin % | 13.0 | 12.0 |
| Owners' profit | 30 | 0 |
| EPS, as reported (₹) | 6.92 | 5.86 |
| ROE % · ROCE % | 27.8 · 40.8 | 11.5 · 16.5 |
| Debt / equity (x) | 0.65 | 0.29 |
| Cash from operations | (5) | (49) |
| Capex | (12) | (22) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 82 | 55 | 121 | 160 | 104 | 76 |
| Profit before tax | 9 | 3 | 14 | 20 | 11 | 6 |
| Net profit | 7 | 2 | 10 | 15 | 8 | 5 |
| EPS (₹) | 1.58 | 0.41 | 1.88 | 2.69 | 1.35 | 0.78 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| MTAR TECHNOLOGIES LIMITED | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Prostarm AGM: All 6 resolutions passed, warrants issue approved | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Prostarm 19th AGM Outcome: Order Book over Rs 1,100 cr, Rs 42.61 cr Warrant Issue | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · Corrigendum to 19th AGM Notice published in newspapers | compliance | minimal | — | — |
| 31 Aug 2026 · Corrigendum to AGM notice: revised disclosures on warrant preferential issue | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Corrigendum to 19th AGM notice for preferential warrants issue | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Customs appeal against Prostarm dismissed as withdrawn | regulatory legal | medium | — | — |
| 18 Aug 2026 · Q1 FY27 revenue up 38%; margin recovery and strong order book | investor communications | medium | — | — |
| 18 Aug 2026 · Prostarm announces 19th AGM on September 11, 2026 via video conferencing | compliance | minimal | — | — |
| 17 Aug 2026 · 19th AGM notice: Rs 43 cr warrants issue, auditor change, MOA expansion on agenda | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Prostarm Info Systems files 19th Annual Report for FY 2025-26 | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| DIAMOND POWER INFRA LTD |
| 19,448 |
| 98.9 |
| — |
| 94.7 |
| (26.2) |
| 8.6 |
| — |
| 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.9 | 26.2 | 24 of 53 | 56% |
| P/B | 2.7 | 3.6 | 21 of 49 | 58% |
| ROCE | 14.9 | 12.3 | 26 of 56 | 55% |
| ROE | 11.5 | 11.5 | 27 of 53 | 50% |
| Debt / Equity | 0.3 | 0.2 | 29 of 53 | 46% |
| EBITDA margin | 11.9 | 12.6 | 29 of 51 | 44% |
| Revenue growth | 38.5 | 20.7 | 17 of 46 | 64% |
| Profit growth | 150.5 | 37.7 | 10 of 45 | 80% |
| Market cap | 783 | 641 | 24 of 56 | 58% |
| A state: the latest filed quarter and the measured reactions |
| 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.
