Power Mech Projects Ltd. News and Updates

Name: Latest research reports of Power Mech Projects Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Power Mech Projects Ltd.
Rating: 5
Author: Centrum Broking

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Power Mech Projects Ltd.

10 Sep 2018

3194.60

-0.13%

Power Mech Projects bag orders worth 247 cr

Business Line

Power Mech Projects has bagged orders worth 247 crore for works in Gujarat, Haryana and Maharashtra. A contract worth 63 crore is for operations

Power Mech Projects Ltd. is trading above all available SMAs

Power Mech Projects Ltd.

18 Aug 2018

3194.60

-0.13%

Power Mech

Buy: Power Mech Projects Ltd.

Centrum Broking

Good order inflows, growth traction in place Power Mech Projects Ltd (PMPL) for Q1FY19 on a consolidated basis reported good numbers. Revenue grew ~29% YoY to 462 crore, on the back of better order execution. Revenue from erection segment (39% of Q1FY19 revenue) grew 26%, operation & maintenance (O&M; -28%) grew 6%, civil (31%) grew 60% and electrical works (2%) grew 220%. EBITDA grew 32% to 61 crore, with margins expanding 34bps to 13.2%, due to better project mix. Net profit grew 34% to 24 crore. As of 30 Jun'18 debt stood at 310 crore (vs 274 crore as of 31 Mar'18)....

ICICI Securities Limited released a Hold report for Power Mech Projects Ltd. with a price target of 2986.0 on 13 Aug, 2025.

Power Mech Projects Ltd.

17 Aug 2018

3194.60

-0.13%

Power Mech Projects - 1QFY19 Result Update

Buy: Power Mech Projects Ltd.

Target

Reliance Securities

Consolidated revenue of Power Mech Projects (PMPL) surged by 28.9% YoY to Rs4.6bn, aided by higher revenue from ETC (+ 25.9% to Rs1.8bn) and Civil & Other Works (+ 60.2% to Rs1.4bn business. Further, revenue from O&M; segment rebounded by 5.8% YoY to Rs1.2bn post the Rs200mn impact led by temporary project shutdown in 4QFY18. Looking ahead, we believe dominant position in power EPC business, impressive order book and superior execution capabilities will drive PMPL's profitability. We maintain our BUY recommendation on the stock with an upwardly revised Target Price of Rs1,178 (from Rs1,080 earlier). Robust Revenue on Improved Execution...

Power Mech Projects .. has an average target of 3151.67 from 3 brokers.

Power Mech Projects Ltd.

19 Jun 2018

3194.60

-0.13%

Power Mech Projects wins orders for 500 cr

Business Line

Power Mech Projects Limited has bagged projects worth about 500 crore. These include a 373-crore project for the mega Kaleshwaram project coming u

Power Mech Projects Ltd. is trading above all available SMAs

Power Mech Projects Ltd.

07 Jun 2018

3194.60

-0.13%

Power Mech Projects - 4QFY18 Result Update

Buy: Power Mech Projects Ltd.

Recommendation Target

Reliance Securities

PMPL's EBITDA margin expanded by 111bps YoY to 13.1% owing to higher contribution of international projects, high-margin Civil & Other works and O&M; business. While EBITDA grew by 44.9% YoY to Rs641mn, PAT surged by 48% YoY to Rs299mn, above our estimate. Looking...

Power Mech Projects Ltd. is trading above all available SMAs

Power Mech Projects Ltd.

26 Feb 2018

3194.60

-0.13%

Power Mech Projects - 3QFY18 Result Update

Hold: Power Mech Projects Ltd.

Target

Reliance Securities

Healthy Revenue Visibility on Improving Execution & High Order Book Power Mech Projects (PMPL) continued to deliver a healthy performance in 3QFY18 as well. Its consolidated revenue rose by 12.9% YoY to Rs3.5bn led by strong growth in Civil & Other Works and O&M; business segments. Despite a flat YoY growth, revenue from ETC segment improved on QoQ basis to Rs1.4bn, as the issues relating to GST-led execution delay has gradually ebbed out. Looking ahead, we believe that dominant position in power EPC business, impressive order book and superior execution capabilities will drive PMPL's profitability. Rolling over our estimates to FY20E, we maintain our HOLD recommendation on the stock with a revised...

ICICI Securities Limited released a Hold report for Power Mech Projects Ltd. with a price target of 2986.0 on 13 Aug, 2025.

Power Mech Projects Ltd.

13 Dec 2017

3194.60

-0.13%

Power Mech Projects to set up separate arm for AMTZ project

Business Line

Power Mech Projects on Wednesday informed the exchanges that in view of the tender requirements of the AMTZ project for the infrastructure development work awarded to the company, it needs to...

Power Mech Projects .. has an average target of 3151.67 from 3 brokers.

Power Mech Projects Ltd.

29 Nov 2017

3194.60

-0.13%

Company news

Business Line

Power Mech Projects on Wednesday said that it is in receipt of orders worth 357 crore for infrastructure development work at Andhra Pradesh Medtech Zone (AMTZ), an enterprise under the Government...

ICICI Securities Limited released a Hold report for Power Mech Projects Ltd. with a price target of 2986.0 on 13 Aug, 2025.

Power Mech Projects Ltd.

23 Nov 2017

3194.60

-0.13%

Power Mech Projects - 2QFY18 Result Update

Hold: Power Mech Projects Ltd.

Recommendation Target

Reliance Securities

Power Mech Projects (PMPL) has delivered a healthy performance in 2QFY18. Its consolidated revenue rose by 6.3% YoY to Rs3.5bn (vs. our estimate of Rs3.6bn) owing to strong growth in Civil & Other Works and O&M; businesses. However, ETC revenue dipped by 15.5% YoY to Rs1.4bn owing to GST-led execution delay and lower domestic thermal power capacity addition. Looking ahead, we believe dominant position in power EPC business, impressive order book and superior execution capabilities will drive PMPL's profitability. Assigning higher multiple (11x P/E of FY19E from 9x earlier) owing to strong traction in order book and improving margin...

ICICI Securities Limited released a Hold report for Power Mech Projects Ltd. with a price target of 2986.0 on 13 Aug, 2025.

Power Mech Projects Ltd.

24 Aug 2017

3194.60

-0.13%

Power Mech Projects - 1QFY18 Result Update

Buy: Power Mech Projects Ltd.

Reliance Securities

PMPL's EBITDA grew by 9.4% YoY to Rs459mn. However, EBITDA margin remained flat at 12.8% on YoY comparison. PBT surged by 21% YoY to Rs309mn on lower interest cost. However, PAT marginally grew by 7.4% YoY to Rs182mn owing to higher minority interest (Rs32.3mn). The...