New Delhi: The share of Power Mech Projects Limited was at Rs 872.80 on April 8 last year, which reached Rs 2471.60 on April 10, 2023. This stock has given 183% returns in the last one year holding period. This company is a part of the S&P BSE SmallCap Index. This stock has given multibagger returns to its investors in the last one year. If you had invested Rs 1 lakh in this company a year ago, the value of your investment would have reached Rs 2.83 lakh today. In the third quarter of the financial year 2023, the company’s revenue on a consolidated basis increased by 40.75% to Rs 909.11 crore from Rs 645.91 crore over the previous year. During this period, the company’s profit also increased by 61.88 percent to Rs 52.24 crore. The company is currently trading at 20.6x TTM PE as against industry PE of 20.2x. In FY22, the company’s ROCE stood at 17.8 per cent and ROE at 14.4 per cent. This company is a part of Group B Stocks and has a market cap of Rs 3,708 crore. Today the stock opened at Rs 2495.75. It touched a high of Rs 2503.15 and a low of Rs 2484 in early trade. Its 52 week high is Rs 2548.70 and minimum is Rs 810.95 on BSE. Power Mech Projects Limited is engineering and construction company. It specializes in installation, testing and commissioning of Boilers, Turbines and Generators. Along with this, it also works for balance of plant, civil works and operation and maintenance. The company works on Ultra Mega Power, Supercritical Thermal Power, and Subcritical Power Projects.
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