Promax Power Ltd - Stock Valuation and Financial Performance

BSE: 543375 | NSE: | Engineering - Construction | Small Cap

Promax Power Share Price

72.50 1.00 1.40%
as on 12-Apr'24 10:04

DeciZen - make an informed investing decision on Promax Power

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Promax Power stock performance -

mw4me loader
P/E Ratio (SA):
251.48
Market Cap:
178.8 Cr.
52-wk low:
17.2
52-wk high:
92.8

Is Promax Power Ltd an attractive stock to invest in?

1. Is Promax Power Ltd a good quality company?

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

2. Is Promax Power Ltd undervalued or overvalued?

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

3. Is Promax Power Ltd a good buy now?

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.

10 Year X-Ray of Promax Power:

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

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0%5.4%5.7%8.2%6.8%-
Value Creation
Index
-1.0-0.6-0.6-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 07.836.939.654.655
Sales YoY Gr.-NA375.1%7.4%37.9%-
Adj EPS -0155.70.20.20.20.3
YoY Gr.-NA-99.9%-19.1%35.3%-
BVPS (₹) 5160.75.65.69.314.3
Adj Net
Profit
00.30.20.20.61
Cash Flow from Ops. 0-6.73.2-4.6-17.3-
Debt/CF from Ops. 0-1.71.9-2.2-0.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA91.6%37.9%
Adj EPS NANA-88.6%35.3%
BVPSNANA-61.3%67%
Share Price - - - 229.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.118873.53.82.4
Op. Profit
Mgn %
05.42.93.93.3NAN
Net Profit
Mgn %
040.50.511.3
Debt to
Equity
034.91.31.50.4-
Working Cap
Days
03771531711980
Cash Conv.
Cycle
01954877980

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 91.59%

Debt to equity has declined versus last 3 years average to 0.43

Return on Equity has declined versus last 3 years average to 2.40%

Net Profit has been subdued in last 3 years -88.61%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Promax Power Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.3
TTM Sales (₹ Cr.) 54.6 54.6
BVPS (₹.) 14.3 14.4
Reserves (₹ Cr.) 11 11
P/BV 4.99 4.97
PE 251.48 231.66
From the Market
52 Week Low / High (₹) 17.18 / 92.82
All Time Low / High (₹) 5.50 / 92.82
Market Cap (₹ Cr.) 179
Equity (₹ Cr.) 25
Face Value (₹) 10
Industry PE 41.9

Management X-Ray of Promax Power:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Promax Power

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales08374055
Operating Expenses 07363853
Manufacturing Costs00122
Material Costs07323249
Employee Cost 00221
Other Costs 00121
Operating Profit 00122
Operating Profit Margin (%) -5.4%2.9%3.9%3.3%
Other Income 00000
Interest 00112
Depreciation 00000
Exceptional Items 00000
Profit Before Tax 00101
Tax 00000
Profit After Tax 00001
PAT Margin (%) -4.0%1.2%0.5%1.3%
Adjusted EPS (₹)0.0155.70.50.20.3
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 005723
Share Capital 004613
Reserves 000111
Minority Interest00000
Debt011688
Long Term Debt07311
Short Term Debt04378
Trade Payables09995
Others Liabilities 00144
Total Liabilities 021202841

Fixed Assets

Gross Block02321
Accumulated Depreciation00000
Net Fixed Assets02320
CWIP 00000
Investments 00000
Inventories0871013
Trade Receivables0771112
Cash Equivalents 03343
Others Assets011212
Total Assets 021202841

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-73-5-17
PBT 00101
Adjustment 00011
Changes in Working Capital 0-72-6-19
Tax Paid 00000
Cash Flow From Investing Activity 0-2-202
Capex 0-2-102
Net Investments 00000
Others 00-100
Cash Flow From Financing Activity 011-1515
Net Proceeds from Shares 004216
Net Proceeds from Borrowing 07-4-20
Interest Paid 00-1-1-1
Dividend Paid 00000
Others 05-261
Net Cash Flow 03010
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/A16.643.54.74
ROCE (%)N/AN/A11.8811.838.7
Asset Turnover Ratio00.751.791.621.58
PAT to CFO Conversion(x)N/AN/AN/AN/A-17
Working Capital Days
Receivable Days0333677975
Inventory Days0388757976
Payable Days022510010154

Promax Power Ltd Stock News

Promax Power Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Promax Power on 12-Apr-2024 10:04 is ₹72.50.
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 12-Apr-2024 10:04 the market cap of Promax Power stood at ₹178.8.
The latest P/E ratio of Promax Power as of 12-Apr-2024 10:04 is 251.5.
The latest P/B ratio of Promax Power as of 12-Apr-2024 10:04 is 4.99.
The 52-week high of Promax Power is ₹92.82 and the 52-week low is ₹17.18.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Promax Power is ₹54.57 ( Cr.) .

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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