Order book 330% higher than its market cap

Order book 330% higher than its market cap

by | Apr 14, 2025 | Case Study

This EPC stock provides turnkey solutions for high and super high rises, housing, urban infrastructure and others. The company’s strong order book stands at 3.4 times higher than the market capitalization.

Stock Performance

With a market capitalization of Rs 3,053.36 crore, the shares of Capacite Infraprojects Ltd closed at Rs 360.90 per share, indicating a 2 percent increase compared to its previous closing price.

Company Overview 

Capacite Infraprojects Ltd, specialising in EPC offers comprehensive construction services for buildings and factories across various sectors. The company has delivered projects across different building segments including residential and commercial buildings for various purposes like hospitality, healthcare and education.

Orderbook Analysis

As of December 2024, the company’s order book stands at Rs 10,047 crores. The order inflow during FY25 alone stood at Rs  1,459 crore, about half of its market capitalization. Further, in FY25, the company added Signature global (India) Limited to its growing portfolio, as its client.

Around 63 percent of the company’s order book comes from public sector projects. Project-wise, a majority (83 percent) of the order book comes from highrise projects. Notably, 51 percent of the total value belongs to residential projects.

Marquee Client Base 

Capacite Infraprojects has renowned customers in both public and private sectors. In the public space, the clients include CIDCO, BSNL and Indian Oil among others. The company’s private sector clients comprise companies like Oberoi Realty, Godrej Properties, Brigade, Prestige and DLF.

Ace Investor Holding

Renowned Indian ace investor, Mukul Mahavir Agarwal holds a 6.09 percent stake or 51.5 lakh equity shares in Capacite Infraprojects Ltd as of Q3 FY25.

Financial Performance

When looking at the financial statements, the company reported a 23 percent increase in its revenue from Rs 481 crore to Rs 590 crore in Q3 FY24-25. This was accompanied by a sharp 73 percent growth in net profits from Rs 30 crore to Rs 52 crore during the same period.

Written by Ashok Kumar

Stocks in Focus: KPIT Technologies, Tata Elxsi, and…..

Stocks in Focus: KPIT Technologies, Tata Elxsi, and…..

by | Apr 12, 2025 | Case Study

The Indian IT sector is expected to experience a mixed performance in 2025, influenced by both positive and negative factors.

IT spending in India is projected to grow by 11.2 percent in 2025, reaching nearly $160 billion, with robust expansion expected in software and IT services. The sector stands to gain from increased investments in artificial intelligence (AI) and digital transformation initiatives.

Below is the list of information technology (IT) companies scheduled to announce their financial results for Q4 FY25: 

Wipro Limited 

With a market capitalization of Rs 2.51 lakh crores, on Friday, the shares closed at Rs 239.8 per share, increased around 1.3 percent as compared to the previous closing price. The company will announce results on 16th April 2025.

Infosys Limited 

With a market capitalization of Rs 5.85 lakh crore, on Friday, the shares closed at Rs 1,410.6 per share, increased around 0.5 percent as compared to the previous closing price. The company will announce results on 17th April 2025.

Tata Elxsi Limited 

With a market capitalization of Rs 29,591.2 crore, on Friday, the shares closed at Rs 4,751 per share, decreased around 0.1 percent as compared to the previous closing price. The company will announce results on 17th April 2025.

Mastek Limited 

With a market capitalization of Rs 6,837.7 crore, on Friday, the shares closed at Rs 2,210 per share, increased around 3.7 percent as compared to the previous closing price. The company will announce results on 18th April 2025.

HCL Technologies Limited 

With a market capitalization of Rs 3.78 lakh crore, on Friday, the shares closed at Rs 1,394.8 per share, increased around 1.04 percent as compared to the previous closing price. The company will announce results on 22nd April 2025.

LTIMindtree Limited 

With a market capitalization of Rs 1.25 lakh crore, on Friday, the shares closed at Rs 4,241.95 per share, increased around 3.2 percent as compared to the previous closing price. The company will announce results on 23rd April 2025.

Cyient Limited 

With a market capitalization of Rs 12,714 crore, on Friday, the shares closed at Rs 1,145 per share, decreased around 0.3 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

L&T Technology Services Limited 

With a market capitalization of Rs 43,701.8 crore, on Friday, the shares closed at Rs 4,127.5 per share, increased around 1 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Mphasis Limited 

With a market capitalization of Rs 41,095.4 crore, on Friday, the shares closed at Rs 2,162.05 per share, increased around 2 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Persistent Systems Limited 

With a market capitalization of Rs 70,833.8 crore, on Friday, the shares closed at Rs 4,545 per share, increased around 3.2 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Tech Mahindra Limited 

With a market capitalization of Rs 1.25 lakh crore, on Friday, the shares closed at Rs 1,283.2 per share, increased around 1 percent as compared to the previous closing price. The company will announce results on 24th April 2025.

Firstsource Solutions Limited

With a market capitalization of Rs 22,387.3 crore, on Friday, the shares closed at Rs 321.2 per share, increased around 3 percent as compared to the previous closing price. The company will announce results on 28th April 2025.

KPIT Technologies Limited 

With a market capitalization of Rs 30,682.2 crore, on Friday, the shares closed at Rs 1,119.2 per share, increased around 4 percent as compared to the previous closing price. The company will announce results on 28th April 2025.

R.S. Software (India) Limited 

With a market capitalization of Rs 166.2 crore, on Friday, the shares closed at Rs 64.35 per share, decreased around 2 percent as compared to the previous closing price. The company will announce results on 30th April 2025.

Written by Ashok Kumar

3 Stocks in which FIIs hold up to 44%

3 Stocks in which FIIs hold up to 44%

by | Apr 9, 2025 | Case Study

Foreign Institutional Investors (FIIs) play a significant role in shaping market sentiment and influencing stock performance in India. Their investment patterns are closely tracked by analysts and investors alike. A higher FII holding often indicates strong confidence in a company’s fundamentals and growth prospects, making it a key indicator of market attractiveness and global investor interest.

Here are the stocks in which FII has the highest percentage of holding:

1. Home First Finance Company India Ltd

Home First Finance Company India Limited is an India-based housing finance company. The Company is primarily engaged in the business of lending housing loans, loans for the purpose of purchasing a commercial property, loans against property, and construction finance. With a market capitalization of Rs 9,187 crore, the shares were trading at Rs 1,020 per share, increasing around 3.21 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 36.00 percent, followed by retail investors at 29.93 percent, domestic institutional investors at 19.82 percent, and promoters owning 14.25 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

Also read: 50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

2. Eternal

Zomato Limited operates as an Internet portal that helps in connecting users, restaurant partners, and delivery partners. The Company also provides a platform to restaurant partners to advertise themselves to the target audience in India and abroad, and supplies ingredients to restaurant partners. With a market capitalization of Rs 2.04 lakh crore, the shares were trading at Rs 212 per share, decreasing around 1.56 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 44.36 percent, followed by retail investors at 26.08 percent, domestic institutional investors at 23.47 percent, and promoters owning 0 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

3. APL Apollo Tubes Ltd

APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of the production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre-galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes, and hollow sections. With a market capitalization of Rs 40,358 crore, the shares were trading at Rs 1,454 per share, decreasing around 0.91 percent as compared to the previous closing price.

The latest shareholding pattern shows foreign institutional investors holding the largest stake at 31.72 percent, followed by retail investors at 23.45 percent, domestic institutional investors at 16.51 percent, and promoters owning 28.31 percent. This reflects strong institutional interest, with FIIs leading in ownership, and a significant retail investor presence.

Written by Ashok Kumar

 

Reliance Ind, BEL & 4 other stocks to buy now for an upside potential of 35%

Reliance Ind, BEL & 4 other stocks to buy now for an upside potential of 35%

by | Apr 6, 2025 | Case Study

According to global brokerage Macquarie, current market earnings projections remain overly optimistic. The firm also noted a slowdown in domestic liquidity, which has so far played a significant role in propping up the markets. As a result, Macquarie anticipates that the market’s strength may face challenges in the near term. Despite this cautious outlook, it has identified six Nifty stocks as short-term tactical investment opportunities for the next three to six months.

Following are the six stocks picked by Macquarie with up to 35percent potential upside:

1. Shriram Finance Limited

With a market cap of Rs. 1.23 lakh crores, the stock moved up by nearly 2 percent on Friday, after Macquarie has recommended a target price of Rs. 800 per share on Shriram Finance, representing a potential upside of nearly 22 percent from its Friday closing price of Rs. 654.15.

 

Macquarie believes that factors such as improving liquidity conditions, easing interest rates, consistent asset quality, and better growth compared to industry peers could act as short-term catalysts for the stock. The brokerage also referred to Shriram Finance as a “valuation catch-up” opportunity, highlighting that its current valuation lags behind some of its larger competitors by 50 percent to 60 percent.

 

 

 

2. Bharat Electronics Limited

Macquarie anticipates robust guidance from the management for the upcoming financial year. Additionally, growing export prospects are expected to support a stronger earnings per share (EPS) growth trend over the medium term.

With a market cap of Rs. 2.04 lakh crores, the stock moved up by nearly 3.4 percent on Friday, after Macquarie has recommended a target price of Rs. 350 per share on BEL, representing a potential upside of nearly 25 percent from its Friday closing price of Rs. 280.1.

3. Reliance Industries Limited

With a market cap of Rs. 16.3 lakh crores, the stock moved up by nearly 4.4 percent on Friday, after Macquarie set a target price of Rs. 1,500 per share on RIL, representing a potential upside of nearly 24 percent from its Friday closing price of Rs. 1,204.7. Macquarie attributed the stock’s recent underperformance to downward revisions in earnings estimates, a softer performance in the retail segment, and stagnant consolidated earnings growth.

However, it remains optimistic about the next 6 to 12 months, citing potential positive developments. These include an expected turnaround in group EPS, the commissioning of renewable energy projects, and further advancements toward the retail business spin-off. Brokerage added that a pickup in retail revenue growth would serve as a strong sentiment booster for the stock.

Also read: ₹50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

4. Wipro Limited

With a market cap of Rs. 2.57 lakh crores, the stock moved up by nearly 3.7 percent on Friday, after Macquarie has recommended a target price of Rs. 320 per share on Wipro, representing a potential upside of nearly 30 percent from its Friday closing price of Rs. 246.25.

Brokerage noted that Wipro could offer greater shareholder returns, supported by its strong cash position, even after the new capital allocation policy. Macquarie estimates that the company could deliver a dividend yield of around 5 percent to 6 percent over the next one year, providing a cushion against downside risk.

An additional catalyst for the stock could be its growth aligning with that of other large-cap IT firms by the first quarter of FY26—a scenario Macquarie believes is not yet reflected in current buy-side forecasts.

 

5. Tata Motors Limited

 

With a market cap of Rs. 2.25 lakh crores, the stock moved up by nearly 6.7 percent on Friday, after Macquarie set a target price of Rs. 826 per share on Tata Motors, representing a potential upside of nearly 34 percent from its Friday closing price of Rs. 613.85.

Macquarie believes Tata Motors shares are currently in an oversold zone, with recent underperformance largely attributed to concerns over volume and margin pressures in Jaguar Land Rover’s U.S. operations.

However, the brokerage remains optimistic, pointing to JLR potentially turning net cash positive in FY25, the company’s focus on premiumisation, and the possibility of better-than-expected margins and cash flows in FY26 as key factors supporting a more favorable short-term outlook.

6. NTPC Limited

Regarding NTPC, Macquarie stated that the Indian Meteorological Department’s (IMD) heatwave warning is unlikely to have a significant impact on short-term earnings. However, it strengthens the case for power-based capacity additions in the long run.

The brokerage also noted that management providing further clarity on plans for nuclear power capacity could reinforce investor confidence in the company’s long-term growth prospects.

With a market cap of Rs. 3.4 lakh crores, the stock moved up by nearly 3 percent on Friday, after Macquarie set a target price of Rs. 475 per share on NTPC, representing a potential upside of nearly 35 percent from its Friday closing price of Rs. 350.85.

 

 

Written by Ashok Kumar

50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

50% Crashed 5 Nifty 50 Stocks in Just 6 Months — Why ?

by | Apr 5, 2025 | Case Study

Bombay-Stock-Exchange-BSE

The last six months have been a rollercoaster for Indian equities, and not everyone has enjoyed the ride. While benchmark indices like Nifty 50 have remained relatively resilient, several heavyweight constituents have seen their valuations erode dramatically. From auto giants to financial services players, some stocks have nosedived by as much as 50.68%, triggering concerns among investors and analysts alike.

Let’s take a closer look at the five worst-performing stocks in the Nifty 50 index, analyzing what went wrong and whether there’s any silver lining for the future.

1. IndusInd Bank – Down 50.68%

Current Price: ₹684
6-Month Performance: -50.68%

Leading the list is IndusInd Bank, which has seen a staggering 50% decline in just half a year. The sharp fall is largely attributed to rising concerns over asset quality, especially in the microfinance and unsecured lending segments. Regulatory tightening by the RBI and a risk-off sentiment toward private banks have further worsened investor confidence. Additionally, the broader global financial uncertainty has had a knock-on effect on Indian banking stocks.

2. Jio Financial Services – Down 35.67%

Current Price: ₹222.55
6-Month Performance: -35.67%

Despite the hype surrounding its spin-off from Reliance Industries, Jio Financial Services hasn’t quite lived up to the expectations. The stock has tumbled nearly 36%, primarily due to a lack of clear direction and revenue visibility in its initial quarters. Investors were expecting aggressive growth or strategic announcements, but the absence of major deals or partnerships has kept the stock under pressure.

Fig: Nifty 50 stocks 6 months returns. (Source: Trade Brains Portal)

3. Hero MotoCorp – Down 35.38%

Current Price: ₹3,659.2
6-Month Performance: -35.38%

India’s largest two-wheeler manufacturer, Hero MotoCorp, has seen its stock underperform due to a combination of weak rural demand, rising input costs, and stiff EV competition. Despite efforts to foray into the electric vehicle space, the transition has been slower than expected. With competitors like Ola Electric and Ather Energy gaining traction, Hero is under pressure to innovate faster.

4. Bajaj Auto – Down 34.91%

Current Price: ₹7,685.1
6-Month Performance: -34.91%

Another automobile behemoth, Bajaj Auto, has seen its stock take a beating amid declining export volumes and currency fluctuations in key markets like Africa and Latin America. Moreover, increasing competition in the premium motorcycle segment and concerns around margin pressure have led investors to reassess the stock’s valuation.

5. Tata Motors – Down 34.05%

Current Price: ₹613.8
6-Month Performance: -34.05%

Rounding out the list is Tata Motors, which has slipped over 34% despite a relatively strong domestic performance. The drag has largely come from its UK-based subsidiary, Jaguar Land Rover (JLR), which has faced production challenges, slowing global demand, and uncertainties around EV transition in international markets. Supply chain disruptions and global inflation have also weighed on profitability.

Global Headwinds Amplifying the Pain

The broader backdrop of rising interest rates, global inflation concerns, and geopolitical tensions has only added fuel to the fire. The ongoing trade war and protectionist policies, including tariffs introduced by the U.S. under Trump’s influence, have created ripple effects across global markets, including India.

Investors are increasingly seeking safe havens and shifting away from sectors perceived as risky or overvalued. The result? A sharp correction in stocks that were once market favorites.

Looking Ahead

While these stocks have taken a hit, long-term investors might view this correction as a potential buying opportunity, provided the companies show signs of recovery in fundamentals. However, caution is advised, especially with continued volatility expected in the near term.

Which telecom stock should you bet – Tejas Networks Vs. HFCL

Which telecom stock should you bet – Tejas Networks Vs. HFCL

by | Apr 3, 2025 | Case Study

Tejas Networks Limited designs and sells networking products for wireless and wired communication in India and worldwide. It provides broadband and networking solutions for telecom companies, ISPs, businesses, utilities, defense, and government agencies. Its products include fiber and mobile broadband solutions, Ethernet switches, optical transport systems, routers, and network management tools. Panatone Finvest Limited, which is a subsidiary of Tata Sons, acquired percent stake in Tejas Network.

Tejas Network is aggressively pushing for its expansion into 5G. It expects to complete BSNL’s first one lakh site order in this financial year. The management is optimistic about strong revenue growth in Q4 FY25 and FY26, driven by BSNL 5G orders, Vodafone Idea’s network expansion, and international deals spanning the US, Middle East, Africa, and Latin America. It also said that, despite revenue problems, they will continue spending on R&D worth Rs 6 billion.

It drastically improved its sales. It reported Rs 2,655.98 revenue in Q3 FY25, up by 361 percent, from its Q3FY24 revenue of only Rs 575.12 crore. However, it reported a net profit of Rs 165.67 crore in Q3 FY25 as compared to a Q3 FY24 loss of Rs 44.87 crore . As of January 2025, the company has an order book of Rs 2,681 crores.

HFCL

HFCL Limited is a global telecom products and solutions provider based in India. It manufactures optical fiber cables, telecom equipment, and defense communication products like Wi-Fi access points, routers, 5G solutions, electronic fuzes, and surveillance radars. The company also supplies networking components and offers solutions for telecom, defense, and railway communications. HFCL has partnered with Qualcomm to develop advanced 5G products.

HFCL is also pushing its 5G expansion. It benefits from government initiatives like ‘Digital India’ and the PLI scheme for domestic manufacturers. The company is actively participating in smart city projects and large-scale 5G deployments. It plans to launch new products both globally and domestically while spending on R&D, which will lead to more technological advancements.

It reported Rs 1,031.99 revenue in Q3 FY25, up by 361 percent, from its Q3FY24 revenue of only Rs 1,079.03 crore. However, it reported a net profit of Rs 72.58 crore in Q3 FY25 as compared to a Q3 FY24 net profit of Rs 82.43 crore. As of May 2024, the company has an order book worth Rs 7,685 crore.

Indian Railways plans to increase spending by 15% to ₹3 Lakh Cr in FY27- Stocks to Watch now

Indian Railways plans to increase spending by 15% to ₹3 Lakh Cr in FY27- Stocks to Watch now

by | Mar 31, 2025 | Case Study

Vande Bharat Bullet Train' soon? Indian Railways looks to roll out 'Make in India' bullet trains with 250 kmph speed this year - The Times of India

Indian Railways is expected to increase its capital expenditure (capex) by approximately 15 percent in FY27, surpassing Rs.3 lakh crore, according to a senior official from the Ministry of Railways. This marks a significant rise from FY26, where the capex allocation is expected to remain unchanged at Rs.2.62 lakh crore. Key areas of focus for investment include network infrastructure, rolling stock, safety, and station redevelopment. The railways are also progressing on new projects such as bullet trains, hydrogen-powered trains, and the Hyperloop, with work on these initiatives expected to accelerate starting FY26.

The production of locomotives, wagons, and coaches is set to increase significantly in the coming years. For example, coach production has grown from 3,731 in FY13 to 6,550 in FY24, with plans to reach 8,000 annually. Similarly, wagon production has tripled over the past decade, with an annual target of over 30,000 wagons.

Here are a few railway stocks to benefit from this development:

1. Indian Railway Finance Corporation (IRFC)

With a market capitalization of Rs.1.62 lakh crore, IRFC’s share price closed at Rs.124.01 per share on Friday, falling 0.3 percent from its previous close. Indian Railway Finance Corporation (IRFC) serves as the financial arm of Indian Railways, responsible for funding rolling stock acquisitions and infrastructure development. It plays a crucial role in financing large-scale railway projects, including emerging initiatives like bullet trains. IRFC shares saw a dramatic rise following its IPO in January 2021, delivering nearly 900 percent returns by July 2024, before experiencing a correction.

IRFC’s partnership with India Infrastructure Finance Company Ltd (IIFCL) is designed to enhance financing opportunities for railway infrastructure projects. The company’s consistent involvement in railway expansion has created a strong base for long-term growth, which has made it attractive to investors. With a robust portfolio of projects and continued support for Indian Railways, IRFC is well-positioned for sustained performance in the railway sector.

Also read: Stocks to Buy: 5 stocks to buy now for an upside potential of up to 46%

2. Rail Vikas Nigam Limited (RVNL) 

With a market capitalization of Rs.73,371 crore, RVNL’s share price closed at Rs.350.80 per share on Friday, falling 1 percent from its previous close. The company’s current order book stands at Rs 97,000 crore, which includes Rs.49,000 crore from bidding works and Rs.47,600 crore from railway projects. This is a decline from the historically higher level of Rs.1,40,000 crore. The management is now focusing on market-driven bidding, with an expected annual turnover of Rs.28,000 crore to Rs.30,000 crore and an estimated project execution timeline of 3-4 years.

Management remains optimistic about achieving its revenue targets, citing favorable conditions in Q4. They are confident that they can maintain strong margins despite competitive pressures by leveraging operational efficiency and effective project execution.

3. Texmaco Rail & Engineering Ltd 

With a market capitalization of Rs.5,393 crore, Texmaco Rail & Engineering Ltd’s share price closed at Rs.135.00 per share on Friday, falling 2.7 percent from its previous close. Texmaco Rail & Engineering Ltd specializes in the manufacturing of wagons, coaches, and freight cars. The company recently strengthened its position in the freight car segment through the acquisition of Jindal Rail and Infra, which has been rebranded as Texmaco West Rail. This acquisition has enhanced Texmaco’s production capabilities and market reach.

Texmaco has seen a significant increase in wagon production over the past decade, with annual production targets now exceeding 30,000 units. As Indian Railways’ capital expenditure plans continue to drive demand, Texmaco is poised to benefit from the growing need for railway equipment.

Written by – Ashok Kumar

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on AG Investemnt are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. AG Investment or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

Orderbook 586% higher than market cap – Multibagger power stock

Orderbook 586% higher than market cap – Multibagger power stock

by | Mar 30, 2025 | Case Study

This small-cap power company, which provides infrastructure services, including building, operating, and maintaining power plants, as well as working on railway, water, and industrial projects, is in focus after the company’s order book 586 percent higher than its market cap and is currently trading at a discount of 27 percent.

Stock Price Movement:

With a market capitalization of Rs. 8,594.10 crore, the shares of Power Mech Projects Limited closed at Rs. 2718.25 per equity share, up nearly 11.64 percent from its previous day’s close price of Rs. 2434.90.

 

ver the last five years, the stock has provided impressive returns of more than 1,521 percent. But the stock is currently trading at 27.03 percent below its 52-week high of Rs. 3,725.

 

Company Overview:

Power Mech Projects Limited was founded in 1999 and is an engineering and construction company that offers integrated services in the erection, testing, and commissioning (ETC) of boilers, turbines, generators, and balance of plant (BOP).

 

The company also provides civil works and operation and maintenance (O&M) services. The company handles large-scale projects, including ultra mega power projects, super critical thermal power projects, and sub-critical power projects.

 

Recent Orders:

As of March 26, 2025, Power Mech Projects Limited secured multiple significant orders, as reported. On January 1, 2025, the company received a Rs. 294 crore contract from Adani Power for overhauling and commissioning services at the Korba Phase-II Thermal Power Project. On February 25, 2025, Power Mech secured a Rs. 164.63 crore order from Bharat Heavy Electricals Limited (BHEL) for the EPC project at DVC Koderma TPS Phase-II.

Additionally, on March 21, 2025, Power Mech won a Rs. 579 crore order from BHEL for civil, structural, and architectural works at the Koderma project. The total value of these orders in Q4 FY25 amounts to Rs. 1,037.63 crore.

Order Book:

As of December 2025, the company has secured orders worth Rs. 4,242 crores and has a strong order backlog of Rs. 57,915 crores, including Rs. 18,284 crores from non-MDO projects. Looking ahead, the company is actively bidding for new projects worth Rs. 3,000 crores by March 2025 and is the lowest bidder for the Rs. 973 crore Deoghar Bypass Highway Project.

As of March 26, 2025, the company’s order book stands at Rs. 58,952.63 crore, which is approximately 585.97 percent higher than its market cap of Rs. 8,594.10 crore. This means the order book is about 6.86 times larger than the company’s market value, indicating a strong potential for future growth.

Guidance and Outlook:

The company aims for a revenue of Rs. 7,500 crores in FY26, which is an increase of 78.5 percent from FY24’s revenue of Rs. 4,207 crores. Compared to FY27, with a projected revenue of Rs. 9,000 crores, the company expects a growth of 20 percent from FY26, indicating strong growth in the coming years.

 

The company expects EBITDA margins to improve by 0.5 percent annually, reaching up to 1.5 percent at full capacity. The focus is on securing profitable orders and O&M contracts, with strong growth expected in the power sector due to new infrastructure projects.

 

Clientele:

The company has developed strong relationships with both local and international clients. In India, it works with big companies like NTPC, ONGC, Reliance, Tata Power, and Indian Oil. Globally, it partners with famous names like Siemens, GE, Mitsubishi, and Hyundai, showcasing its ability to handle large projects across different industries.

Recent quarter results and ratios:

Power Mech Projects Limited’s revenue grew by 20.76 percent, rising from Rs. 1,108 crore in Q3 FY24 to Rs. 1,338 crore in Q3 FY25. Its net profit also increased by 40.32 percent, from Rs. 62 crore in Q3 FY24 to Rs. 87 crore in Q3 FY25.

Power Mech Projects Limited’s revenue and net profit have grown at a CAGR of 13.22 percent and 21.72 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE should be 23.8 percent and 15.9 percent, respectively. Power Mech Projects Limited has an earnings per share (EPS) of Rs. 92.9, and its debt-to-equity ratio is 0.34x.

Majority of stocks still trapped in death cross but Nifty 50 rebounds

Majority of stocks still trapped in death cross but Nifty 50 rebounds

by | Mar 24, 2025 | Case Study

The market was in a downtrend for the last 6 months largely because of continuous selling by Foreign Institutional Investors (FIIs). Key reasons for FII selling were the strengthening of the US dollar, concerns over a slowdown in corporate earnings growth, global economic uncertainties, high valuations of emerging markets, and trump tariff risks.

Factors that helped the Market rebound 

The government is constantly working to regain India’s growth momentum. With tax cut announcements, that can help boost the GDP and help with overall economic growth. RBI also cut the Cash Reserve Ratio (CRR) & Repo rate, with further rate cut expectations to boost consumer spending. Additionally, Brent Crude prices are trading in a broad range with reduced volatility, which is highly beneficial for India as the import cost is kept in check, which in turn reduces the trade deficit.

In terms of valuations Nifty 50 PE had dropped below 20, only for the 2nd time in 5 years. It had dropped to 18.92 during the Russia-Ukraine war and had dropped to 17.15 on March 23, 2020. It showed that Nifty was highly Undervalued which led to valuation correction.

Nifty 50 Falling Trendline Breakout

A falling trendline or downtrend line is a straight line drawn across declining highs on the price chart. The line represents as a resistance level, which indicates that sellers are in control of the downtrend. When a trendline is broken, it signals a potential trend reversal or just a temporary breakout.

On a weekly time frame, the Nifty 50 has given a closing basis break out of a falling trendline. Since September the falling trendline was never broken on a closing basis.

THE MAJORITY OF NIFTY 50 STOCKS ARE STILL IN THE DEATH CROSS

The Death Cross is a bearish technical pattern that occurs when the 50-day moving average (DMA) crosses below the 200-day moving average (DMA). This crossover indicates a potential shift from an uptrend to a downtrend, signaling weakness in the stock or broader market. It is the opposite of the Golden Cross.

Out of the 50 Constituents of Nifty 50, 33 stocks, or 66 percent of the total constituents are still trading in the Death Cross, this shows that the medium-term trend is still bearish.