BSE: 543375 | NSE: | Engineering - Construction | Small Cap
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 Fair 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 7.2% | 11.9% | 11.8% | 8.7% | 9.5% | - |
| Value Creation Index ⓘ | NA | -0.5 | -0.2 | -0.2 | -0.4 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 0 | 7.8 | 36.9 | 39.6 | 54.6 | 60.3 | 60 |
| Sales YoY Gr. | - | NA | 375.1% | 7.4% | 37.9% | 10.4% | - |
| Adj EPS ⓘ | -0 | 155.7 | 0.2 | 0.2 | 0.2 | 0.6 | 0.6 |
| YoY Gr. | - | NA | -99.9% | -19.1% | 35.3% | 139.1% | - |
| BVPS (₹) ⓘ | 5 | 160.7 | 5.6 | 5.6 | 9.3 | 11.1 | 16.1 |
| Adj Net Profit ⓘ | 0 | 0.3 | 0.2 | 0.2 | 0.6 | 1.4 | 1 |
| Cash Flow from Ops. ⓘ | 0 | -6.7 | 3.2 | -4.6 | -17.3 | 2 | - |
| Debt/CF from Ops. ⓘ | 0 | -1.7 | 1.9 | -2.2 | -0.6 | 6.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 17.8% | 10.4% | ||||
| Adj EPS ⓘ | NA | NA | 37.8% | 139.1% | ||||
| BVPSⓘ | NA | 17.3% | 25.8% | 18.9% | ||||
| Share Price | - | - | 66.9% | 42.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.1 | 188 | 7 | 3.5 | 3.8 | 5.4 | 4.1 |
| Op. Profit Mgn % ⓘ | 0 | 5.4 | 2.9 | 3.9 | 3.3 | 5.5 | NAN |
| Net Profit Mgn % ⓘ | 0 | 4 | 0.5 | 0.5 | 1 | 2.3 | 2.3 |
| Debt to Equity ⓘ | 0 | 34.9 | 1.3 | 1.5 | 0.4 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 377 | 153 | 171 | 198 | 265 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 195 | 48 | 77 | 98 | 106 | 0 |
Sales growth is growing at healthy rate in last 3 years 17.79%
Net Profit is growing at healthy rate in last 3 years 37.84%
Debt to equity has declined versus last 3 years average to 0.47
Return on Equity has declined versus last 3 years average to 4.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | 0.3 |
| TTM Sales (₹ Cr.) | 60.3 | 54.6 |
| BVPS (₹.) ⓘ | 16.1 | 0 |
| Reserves (₹ Cr.) ⓘ | 15 | 11 |
| P/BV ⓘ | 2.55 | 0.00 |
| PE ⓘ | 74.73 | 132.84 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 25.30 / 92.82 |
| All Time Low / High (₹) | 5.50 / 92.82 |
| Market Cap (₹ Cr.) | 103 |
| Equity (₹ Cr.) | 25 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 0 | 8 | 37 | 40 | 55 | 60 |
| Operating Expenses ⓘ | 0 | 7 | 36 | 38 | 53 | 57 |
| Manufacturing Costs | 0 | 0 | 1 | 2 | 2 | 1 |
| Material Costs | 0 | 7 | 32 | 32 | 49 | 55 |
| Employee Cost | 0 | 0 | 2 | 2 | 1 | 0 |
| Other Costs ⓘ | 0 | 0 | 1 | 2 | 1 | 1 |
| Operating Profit ⓘ | 0 | 0 | 1 | 2 | 2 | 3 |
| Operating Profit Margin (%) | - | 5.4% | 2.9% | 3.9% | 3.3% | 5.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 1 | 1 | 2 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 1 | 0 | 1 | 2 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 1 | 1 |
| PAT Margin (%) | - | 4.0% | 1.2% | 0.5% | 1.3% | 2.3% |
| Adjusted EPS (₹) | 0.0 | 155.7 | 0.5 | 0.2 | 0.3 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 0 | 5 | 7 | 23 | 28 | ||||
| Share Capital ⓘ | 0 | 0 | 4 | 6 | 13 | 13 | ||||
| Reserves ⓘ | 0 | 0 | 0 | 1 | 11 | 15 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 0 | 11 | 6 | 8 | 10 | 13 | ||||
| Long Term Debt | 0 | 7 | 3 | 1 | 1 | 0 | ||||
| Short Term Debt | 0 | 4 | 3 | 7 | 9 | 13 | ||||
| Trade Payables | 0 | 9 | 9 | 9 | 5 | 18 | ||||
| Others Liabilities ⓘ | 0 | 0 | 1 | 4 | 2 | 3 | ||||
| Total Liabilities ⓘ | 0 | 21 | 20 | 28 | 41 | 61 | ||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 2 | 3 | 2 | 1 | 1 | ||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Net Fixed Assetsⓘ | 0 | 2 | 3 | 2 | 0 | 0 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 5 | ||||
| Inventories | 0 | 8 | 7 | 10 | 13 | 15 | ||||
| Trade Receivables | 0 | 7 | 7 | 11 | 12 | 24 | ||||
| Cash Equivalents | 0 | 3 | 3 | 4 | 3 | 5 | ||||
| Others Assetsⓘ | 0 | 1 | 1 | 2 | 12 | 12 | ||||
| Total Assets ⓘ | 0 | 21 | 20 | 28 | 41 | 61 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -7 | 3 | -5 | -17 | 2 |
| PBT ⓘ | 0 | 0 | 1 | 0 | 1 | 2 |
| Adjustment ⓘ | 0 | 0 | 0 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | 0 | -7 | 2 | -6 | -19 | -1 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | -2 | -2 | 0 | 2 | -5 |
| Capex | 0 | -2 | -1 | 0 | 2 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -5 |
| Others ⓘ | 0 | 0 | -1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 11 | -1 | 5 | 15 | 5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 4 | 2 | 16 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 7 | -4 | -2 | 0 | 3 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 5 | -2 | 6 | 1 | 3 |
| Net Cash Flow ⓘ | 0 | 3 | 0 | 1 | 0 | 2 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 16.64 | 3.5 | 4.74 | 5.38 | ||||
| ROCE (%) | N/A | N/A | 11.88 | 11.83 | 8.7 | 9.52 | ||||
| Asset Turnover Ratio | 0 | 0.75 | 1.79 | 1.62 | 1.58 | 1.18 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | -17 | 2 | Working Capital Days | |||
| Receivable Days | 0 | 333 | 67 | 79 | 75 | 108 | ||||
| Inventory Days | 0 | 388 | 75 | 79 | 76 | 83 | ||||
| Payable Days | 0 | 225 | 100 | 101 | 54 | 76 | ||||
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:
Milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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