Power Mech Projects Share Price Target Forecast 2022, 2023, 2025, 2030

25 NOVEMBER 2021

Shares of Power Mech Projects have a price target of Rs 1163 for 2022, according to Geojit.

In a research study dated November 25, 2021, Geojit is bullish on Power Mech Projects, recommending a BUY rating on the company with a target price of Rs 1163.

Power Mech Projects Limited is a significant infrastructure building firm with a global reach situated in Hyderabad. Revenue increased 56 percent year over year in Q1FY22, although it fell short of our expectations due to the rainy season’s impact on execution. Sales in the Civil and Erection category increased by 121 percent and 117 percent, respectively, year over year. Despite the fact that the business received no orders in Q2FY22, the order book remained healthy at Rs 15,809 crore, or 6.5 times TTM sales (including Rs 9,294 crore of mining orders).

Due to a 1742bps increase in gross margin, the EBITDA margin increased to 10.7% from -12.3 percent in the previous quarter. PAT grew by Rs 27 crore yearly because to higher other revenue (130 percent YoY) and a lower tax rate of 20.8 percent (loss of Rs 55 crore in Q2FY21). Management intends to complete the project in H2FY22, with revenue of Rs 2,600 crore and a margin of 12.5 to 13% in FY22.

Outlook

With a solid order book and expectations for excellent execution in the next quarters, we upgrade our recommendation to buy and set a target price of Rs 1,163 based on a P/E of 7.5x FY23E profits.

Moneycontrol.com is the source for this information.


15 NOVEMBER 2021

Orders of Rs 725.17 crore have been placed with Power Mech Projects.

On Monday, Power Mech Projects announced that it had secured two orders totaling Rs 725.17 crore. The business stated in a regulatory filing that it has received letters of intent for two orders totaling Rs 725.17 crore.

The National Highways Authority of India has placed an order of Rs 645 crore with the firm (NHAI). The order is for NH-365A to be four-laned from Kodad to Khammam in Telangana as part of the Bharatmala project on a hybrid annuity method for NHAI.

Howe India has given the business another order at Rs 80.17 crore. According to the filing, the order is for the design, engineering, BUY, erection/construction of coal handling units at the Talabira II and III mines in Odisha.

Moneycontrol.com is the source for this information.


28 JUNE 2021

Price Target for Power Mech Projects Shares: Rs 894: Geojit

In a research analysis dated June 28, 2021, Geojit is Bullish on Power Mech Projects, recommending a BUY rating on the company with a target price of Rs 894.

Power Mech Projects Limited is a significant infrastructure-construction firm with a global reach situated in Hyderabad. Revenue increased by 27% year over year in Q4FY21, owing to good performance in O&M (up 29% year over year) and civil business (75 percent YoY). On high inflows of Rs 4,638 crore in FY2011, the order book remained solid at Rs 7,333 crore (3.9x FY2011 revenue), offering revenue visibility for the next two to three years.

Outlook

We maintain our BUY recommendation on the stock, citing an exceptional order book and better execution efficiency as drivers of profitability. We value the stock at 7x FY23E Earnings, with a Target Price of Rs 894.

Moneycontrol.com is the source for this information.


28 JUNE 2021

Power Mech Projects’ stock touched a 52-week high after receiving an order for Rs 9,294.14 crore.

Power Mech Projects’ stock hit a 52-week high of Rs 768 on June 28, up nearly 15%, after receiving orders worth Rs 9,294.14 crore.

“…… (Consortium of PMPL-AMR India) has been awarded a project by Central Coal Fields (a Miniratna subsidiary of Coal India Limited) for the development and operation of the Kotre Basantpur Pachmo Project in Jharkhand in Mine Developer Co. Operator (MDO) mode for coking coal extraction,” the company said in a statement.

The project has been awarded to a consortium led by Power Make, which will have 74% of the equity investment, while AMR India will control 26%.

The project’s overall coal extraction capacity is around 105 million metric tonnes, with a 5-million-metric-tonne yearly capacity and the ability to remove over 539 MBCM during the project’s lifetime.

The concession length is 25 years, including a two-year development phase, with the possibility of extending the contract for another 10 years with both sides’ approval (with this the total contract period will be extended to 35 years)

“Power Mech Projects Limited has established competence in projects of this scale and complexity as a major operator in the infrastructure industry.” According to Sajja Kishore Babu, Chairman and Managing Director of Power Mac Projects, “the project is a crucial milestone in the company’s path, utilising technical know-how and carrying the company’s conception ahead.”

Moneycontrol.com is the source for this information.


Disclaimer: The views and investment tips expressed by investment expert on Stockconsultantbihar.com are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar
Logo