Buy Power Mech Projects; target of Rs 727: Geojit

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Geojit's research report on Power Mech Projects

Company has an order backlog of Rs.7,353Cr (as on 16th Feb 2021), which shows revenue visibility for next 3 years. Company enjoys market leadership position in power O&M (Operations and Maintenance) and erection business with a market share of 55%-60%. Diversification of business to non power segment, especially civil (including railway, petro chemical, water etc) has helped the company to be in the growth track . We expect order backlog to grow at 14% with an average order intake of Rs.3,500Cr-4,000Cr per year. Revenue is expected to grow at a CAGR of 30% during FY21-23 and ROE to be at 16.3% by FY23E.

Outlook

We initiate coverage on POWERMECH with a BUY rating based on 6x FY23E earnings with a target price of Rs.727.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More