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Promax Power Ltd (543375)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543375 NSE: Engineering - Construction | Small Cap | Promax Power Share Price

₹13.98 -0.01 (-0.07%)

As on 19-Jun'26 16:59

Promax Power Ltd (543375)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543375 NSE: Engineering - Construction | Small Cap | Promax Power Share Price

₹13.98 -0.01 (-0.07%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹35 Cr.
Current Price
₹14
52-Week Low / High
₹12 / 34
TTM EPS
₹0.3
TTM Sales
₹70.7 Cr.
Book Value per Share
₹12
P/E Ratio
40.69
Lower than its 5-year historical median
Industry PE
31.7
Price to Book (P/B)
1.16
Lower than its 5-year historical median
Price to Sales (P/S)
0.49
Lower than its 5-year historical median
EV/EBITDA
12.95
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.11%
Outperforms industry median
Return on Capital Employed (ROCE)
11.01%
In line with industry median
Return on Assets (ROA)
3.66%
Operating Profit Margin
7%
Net Profit Margin
3.53%
Gross Profit Margin
4.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.22%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
39.04%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
70.8%
Asset Quality
Promoter Holding
68.97%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5 Cr.
Equity
₹25 Cr.
Face Value
₹10
All Time Low / High
₹5.50 / 92.82

Promax Power stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Promax Power Ltd a good quality company?
Promax Power Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Promax Power Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Promax Power Ltd vs industry peers?
Promax Power Ltd revenue CAGR is 53.63%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Promax Power Ltd?
Promoters hold 68.97% of the Promax Power Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Promax Power Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -9.17% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Promax Power Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%7.2%11.9%11.8%8.7%9.5%11%-
Value Creation
Index
NA-0.5-0.2-0.2-0.4-0.3-0.2-

Growth Parameters

Sales 07.836.939.654.660.366.471
Sales YoY Gr.-NA375.1%7.4%37.9%10.4%10.2%-
Adj EPS -0155.70.20.20.20.60.90.3
YoY Gr.-NA-99.9%-19.1%35.3%139.1%70.9%-
BVPS (₹) 5160.75.65.69.311.11212
Adj Net
Profit
00.30.20.20.61.42.31
Cash Flow from Ops. 0-6.73.2-4.6-17.32-3-
Debt/CF from Ops. 0-1.71.9-2.2-0.66.6-6.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA53.6%18.8%10.2%
Adj EPS NA-64%76.8%70.9%
BVPSNA-40.5%29.2%8.5%
Share Price - - -9.8% -52.2%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-0.118873.53.85.48.12.8
Op. Profit
Mgn %
05.42.93.93.35.57NAN
Net Profit
Mgn %
040.50.512.33.51.2
Debt to
Equity
034.91.31.50.40.50.7-
Working Cap
Days
03771531711982652890
Cash Conv.
Cycle
01954877981061340

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales07.7636.8739.5854.5760.2666.42
Operating Expenses + 07.3435.8138.0352.7656.9361.79
Manufacturing Costs001.071.991.711.080.66
Material Costs07.3332.3532.0448.5654.8759.95
Employee Cost 001.572.411.440.360.42
Other Costs 00.010.831.591.050.620.75
Operating Profit 00.421.061.551.813.334.63
Operating Profit Margin (%) -5.4%2.9%3.9%3.3%5.5%7.0%
Other Income + 000.020.170.410.250.39
Exceptional Items 000.360000
Interest 000.651.321.621.751.84
Depreciation 000.100.100.050.050.05
Profit Before Tax -00.420.690.300.541.783.13
Tax 00.100.260.10-0.170.410.79
Profit After Tax -00.310.430.200.711.372.34
PAT Margin (%) -4.0%1.2%0.5%1.3%2.3%3.5%
Adjusted EPS (₹)-0.0155.70.50.20.30.60.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of Promax Power - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 0.010.324.896.6923.3027.7030.05
Share Capital 0.010.014.40612.5012.5025
Reserves -00.310.490.6910.8015.205.05
Debt +010.866.038.2810.0713.0619.38
Long Term Debt06.5931.190.750.252.16
Short Term Debt04.263.027.099.3212.8117.22
Minority Interest0000000
Trade Payables09.038.649.105.3017.5612.24
Others Liabilities 00.460.874.242.012.755.12
Total Liabilities 0.0120.6620.4328.3240.6861.0866.79

Fixed Assets

Net Fixed Assets +01.892.522.330.460.410.35
Gross Block01.892.622.500.610.610.61
Accumulated Depreciation000.100.170.160.210.26
CWIP 0000000
Investments 00000.014.854.61
Inventories08.256.8910.2112.6614.6221.33
Trade Receivables07.086.5410.5611.7823.9121.21
Cash Equivalents 0.012.763.013.683.345.327.17
Others Assets 00.681.461.5312.4411.9812.12
Total Assets 0.0120.6620.4328.3240.6861.0866.79

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0-6.663.15-4.55-17.291.99-3.01
PBT 00.420.690.300.541.783.13
Adjustment 000.271.161.111.251.50
Changes in Working Capital 0-6.972.2-6.02-18.81-0.63-6.86
Tax Paid 0-0.10-0.010-0.14-0.41-0.78
Cash Flow From Investing Activity + 0-1.80-1.630.102.22-4.590.39
Capex 0-1.89-0.730.102.0300
Net Investments 00-000-4.840
Others 00.09-0.9000.190.250.39
Cash Flow From Financing Activity + 011.20-1.265.1214.734.584.48
Net Proceeds from Shares 004.391.6015.9000
Net Proceeds from Borrowing 06.59-3.59-1.81-0.452.531.91
Interest Paid 00-0.53-1.07-1.46-1.45-1.84
Dividend Paid 0000000
Others 04.61-1.536.400.733.494.41
Net Cash Flow 02.750.260.67-0.341.981.85

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-0.12187.9716.643.54.745.388.11
ROCE (%)07.2211.8811.838.79.5211.01
Asset Turnover Ratio00.751.791.621.581.181.04
PAT to CFO Conversion(x)N/A-21.487.33-22.75-24.351.45-1.29
Working Capital Days
Receivable Days0333.1067.5078.8074.60108.10124
Inventory Days0387.8074.9078.9076.4082.6098.80
Payable Days0224.7099.70101.1054.107690.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Promax Power Ltd FAQs

The current trading price of Promax Power on 19-Jun-2026 16:59 is ₹13.98.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Jun-2026 the market cap of Promax Power stood at ₹34.95 Cr

The latest P/E ratio of Promax Power as of 18-Jun-2026 is 40.69.

The latest P/B ratio of Promax Power as of 18-Jun-2026 is 1.16.

The 52-week high of Promax Power is ₹34.00 and the 52-week low is ₹11.83.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Promax Power is ₹70.73 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Promax Power Ltd is a below average quality company.

The key valuation ratios of Promax Power Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Promax Power Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Promax Power Ltd

Promax Power Limited was originally incorporated as “Promax Power Private Limited” on August 21, 2017 vide certificate of incorporation under the provisions of sub-section (2) of section 7 of the Companies Act, 2013 (18 of 2013) issued by the Central Registration Centre, Registrar of Companies. Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies-Chandigarh, consequent upon conversion from Private Limited to Public Company dated April 20, 2021 in the name of “Promax Power Limited”.

The company is founded and promoted by Chandigarh based Vishal Bhardwaj and his wife Shweta Bhardwaj in the year 2017 with a motive to take over the business of M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj) as a going concern basis and to continue the similar and related business activity in the name of the company. This was done to corporatize and build a professionally managed and Board driven organization. M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj) was into undertaking of EPC projects (Engineering, Procurement and construction) of Electric substation & Transmission line, Power distribution, Hydro, Solar power stations etc. operating since 2006.

Business area of the company

The company is engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects. The company's business segments can be divided into:

  • Transmission Lines - projects in transmission lines including extra high tension & high tension transmission line & substation bays varying up to 220 KV.
  • Power Transmission & Distribution - complete electrification of high-rise buildings, industrial houses, hotels, multiplexes, and commercial complexes.
  • Substation - The company undertakes all types of electrical works like indoor and outdoor lighting, laying of cables, erection of transformers and switchyards up to 220 KV, erection of poles, installation of floodlights, etc. which also includes design and detailed engineering for EHV substations and transmission lines, etc.
  • Solar Projects EPC - High-quality services in the EPC space, from the initial design stage to the start-up of the installation, management, and implementation.
  • Sewerage Treatment Plant
  • Water Treatment Plant

Milestones

  • 2006: “M/s. Promax Technologies” a sole proprietary firm, is established by Mr. Vishal Bhardwaj and started the execution of EPC project in power sector.
  • 2016: Opened branch office in Kolkata, West Bengal.
  • 2017: Incorporation of “Promax Power private Limited” as a Private Limited company with a motive to take over the business of M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj).
  • 2020: Opened branch office in Delhi.
  • 2020: The company received ISO certifications.
  • 2020: Business of M/s. Promax technologies taken over by Promax Power Private Limited as a going concern on a slump sale “as is where is” basis vide Slump Sale Agreement dated March 31, 2020 at a value of Rs. 1.82 crores.
  • 2021: Opened branch office in Bangalore.
  • 2021: The Private Limited got converted into Public Limited.
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