Power Mech Projects Limited has been awarded a contract worth Rs. 355.00 Crores by Bharat Heavy Electricals Limited (BHEL). This contract is related to the “Erection, Commissioning & trial operation” of certain equipment at a NTPC site in Odisha.
The scope of work includes erection, commissioning, and trial operation, which encompasses activities like applying insulation and paint (as needed), handling materials at the client’s storage yard, transporting materials to the site, and finally delivering the Boiler and its associated equipment. This work pertains to Power Cycle piping and the Steam Turbine Generator for units 1 and 2 at the 2x660 MW NTPC facility in Talcher, Odisha.
Back-to-back orders and a perfect stance on charts make things lucrative.
Power sector and Railway sector’s beneficiary.
Tailwinds in Nuclear space should provide a push to Powermech.
The company is also exploring opportunities in the hydrogen-related capex.
Order game going strong !
Another one
Is there any way we can know what are the different projects where Power mech has bid for?
Thank you
Order from BHEL.
What is comfortable PE range of this stock?
Historical PE seem misleading on screener
Current PE doesn’t do justice as the company is anticipated to see a 30-35% topline growth this year unlike the rather slow 17% last year, wait for Q1FY25 results.
I believe this is a great investment opportunity. FY25 guidance is like this:
30% revenue growth, 0.3% EBITDA margin improvement, lower tax rate at 25%.
With high cash on books leading to higher other income, EPS could grow by 60-70%
How reliable is leadership? How has been previous experience in the market about company’s projected growth vs shown growth?
Reason behind the recent rally -
A good steady flow of orders -
Power Mech Projects bags Rs. 110.57 Cr order for O&M of 400 MW captive power plant at Dangote, Nigeria.
Extension of time for Operation and Maintenance of 1200 MW (2*600MW) coal based thermal power
plant namely Mutiara Thermal Power Plant, owned by Coastal Energen Private Limited located at ,
Melamaruthur Village, Ottapidaram Taluk, Tuticorin District, Tamilnadu for a period of one year with
effect from 01.10.2024
1:1 Bonus declared.