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Power Mech Projects Limited — PPTs, 25-05-2025: Investor Presentation
1. Financial Highlights:
Power Mech posted revenue of Rs. 5,279 Cr in FY25, slightly up from Rs. 5,244 Cr in FY24. EBITDA was Rs. 649 Cr with stable margins around 12.3%, while PAT rose to Rs. 327 Cr (6.2% margin) from Rs. 248 Cr the previous year. Quarterly trends maintained EBITDA near 12.5% and PAT close to 6.3%. The balance sheet remains healthy with total assets at Rs. 3,568 Cr, cash at Rs. 53 Cr, and borrowings controlled at Rs. 41 Cr.
2. Strategic Initiatives & Growth Drivers:
Power Mech is accelerating growth in its O&M business, now India’s largest, with revenues growing from Rs. 930 Cr in FY23 to Rs. 1,746 Cr in FY25. Large mining development and operations (MDO) contracts worth Rs. 39,000 Cr provide steady long-term revenue. Expansion into water, railways, and infrastructure sectors alongside digitalization and vertical integration supports diversified growth.
3. Business Developments:
The company secured extensive MDO contracts with Central Coalfields and SAIL, pushing its order book close to Rs. 54,000 Cr. It’s boosting EPC capabilities in non-power segments including flue-gas desulfurization retrofits. Its international footprint is increasing with projects underway in Nigeria, Bahrain, and Bangladesh.
4. Market Position & Competitive Advantage:
Power Mech is the leading O&M service provider in India’s power sector, backed by a wide asset base of 300+ cranes and robust backward and forward integration. Strong client relationships and a diversified presence across power, mining, and infrastructure enhance its execution strength and market moat.
5. Investor Implications:
The company offers positive growth potential driven by a hefty order backlog and focus on high-margin O&M and MDO verticals. Digital and geographic diversification add to revenue visibility and stability. While execution of large, multi-year contracts requires monitoring, expanding scale and steady margins signal encouraging medium-to-long-term value prospects.