Powerica Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2021 • Diesel Generating Sets: 64.8% • Others: 18.6% • Generating Electricity: 16.6%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has a healthy return on capital (ROCE) of 22.0%
- Latest quarter profit grew 1499.1% YoY, showing strong momentum
- Company has delivered good sales growth of 23.9% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.58x)
- Institutional investors have been accumulating - FII+DII up 18.6pp
- Company comfortably covers its interest (8.9x coverage)
CONS
- Equity base is being diluted - shares outstanding up 278.9%
- Working capital days have increased from 37 to 126 days
- Total debt has risen sharply - up 86.5% year on year
- Operating margins have contracted to 11.2% from 16.3%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABB | 7393.30 | 52.44 | 156670.22 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| CGPOWER | 927.00 | 116.83 | 146044.22 | 0.14 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| POWERINDIA | 31580.00 | 122.36 | 140759.52 | 0.03 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| SIEMENS | 3947.50 | 42.92 | 140578.57 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| GVT&D | 4663.20 | 639.39 | 119399.62 | 0.21 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| ENRIN | 3179.80 | 76.10 | 113239.20 | 0.13 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| WAAREEENER | 2567.50 | 19.35 | 73854.48 | 0.16 | 8918.70 | 1053.94 | 79317.90 | 1692.16 | 37.92 | 18.15 |
| APARINDS | 17440.85 | 61.81 | 73028.91 | 0.34 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 31.84 | 11.50 |
| HAVELLS | 1121.10 | 43.08 | 70355.94 | 0.89 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| SUZLON | 45.60 | 19.93 | 62680.10 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| SCHNEIDER | 1197.05 | 155.76 | 28621.95 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| POWERICA | 547.55 | 25.93 | 6929.35 | 0.00 | 644.30 | — | 7801.10 | 980.20 | 15.89 | 13.64 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| 653 | 686 | 562 | 649 | 719 | 728 | |
| 577 | 626 | 520 | 584 | 649 | 667 | |
| Operating Profit | 76 | 61 | 42 | 65 | 69 | 61 |
| OPM % | 11.64% | 8.84% | 7.49% | 10.06% | 9.67% | 8.43% |
| 8 | 17 | 24 | 12 | 6 | 18 | |
| Interest | 8 | 7 | 6 | 5 | 7 | 2 |
| Depreciation | 30 | 29 | 26 | 27 | 35 | 38 |
| Profit before Tax | 46 | 42 | 66 | 44 | 34 | 79 |
| Tax % | 34.31% | 34.63% | 37.19% | -101.92% | -2.08% | 24.14% |
| Net Profit | 30 | 27 | 42 | 89 | 34 | 60 |
| 2.74 | 2.52 | 3.79 | 8.24 | 3.07 | 4.75 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,307 | 1,238 | 1,324 | 1,244 | 890 | 1,488 | 2,355 | 2,195 | 2,496 | 2,594 | 2,658 | |
| 1,100 | 1,058 | 1,164 | 1,074 | 762 | 1,301 | 2,015 | 1,848 | 2,196 | 2,304 | 2,419 | |
| Operating Profit | 207 | 180 | 160 | 170 | 128 | 186 | 340 | 347 | 300 | 290 | 238 |
| OPM % | 15.81% | 14.51% | 12.10% | 13.69% | 14.36% | 12.51% | 14.43% | 15.80% | 12.01% | 11.18% | 8.96% |
| 34 | 33 | 22 | 29 | 37 | 37 | 45 | 147 | 63 | 48 | 60 | |
| Interest | 22 | 10 | 4 | 16 | 40 | 47 | 56 | 40 | 32 | 25 | 21 |
| Depreciation | 89 | 89 | 91 | 107 | 111 | 117 | 136 | 128 | 116 | 116 | 127 |
| Profit before Tax | 130 | 113 | 88 | 77 | 15 | 59 | 193 | 326 | 214 | 197 | 223 |
| Tax % | 6.62% | 12.05% | 20.90% | 18.51% | 202.17% | 65.45% | 41.40% | 34.62% | 33.91% | -2.14% | -0.91% |
| Net Profit | 121 | 100 | 69 | 63 | -15 | 20 | 113 | 213 | 142 | 202 | 225 |
| EPS | 30.07 | 26.14 | 18.15 | 15.86 | -3.36 | 6.40 | 33.60 | 78.35 | 52.09 | 15.93 | — |
| Dividend Payout % | 0.00% | 0.00% | 31.57% | 15.23% | 0.00% | 47.46% | 0.00% | 0.00% | 0.00% | 17.26% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 24%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- —
- 3 Years:
- 21%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 14%
- 3 Years:
- 18%
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 19 | 19 | 17 | 17 | 17 | 14 | 14 | 63 |
| 826 | 926 | 958 | 1,007 | 732 | 672 | 784 | 892 | 1,032 | 1,820 | |
| 164 | 57 | 22 | 188 | 380 | 288 | 86 | 158 | 270 | 522 | |
| Trade Payables | 126 | 144 | 130 | 136 | 113 | 269 | 234 | 305 | 257 | 367 |
| 242 | 134 | 375 | 433 | 489 | 899 | 996 | 695 | 743 | 979 | |
| Total Liabilities | 1,366 | 1,269 | 1,504 | 1,783 | 1,731 | 2,145 | 2,117 | 2,063 | 2,317 | 3,750 |
| 753 | 674 | 891 | 798 | 981 | 858 | 1,087 | 946 | 857 | 1,203 | |
| Capital Work in Progress | 7 | 16 | 6 | 37 | 11 | 321 | 5 | 24 | 350 | 165 |
| 222 | 139 | 155 | 408 | 209 | 244 | 413 | 336 | 365 | 327 | |
| 111 | 112 | 131 | 157 | 84 | 148 | 189 | 260 | 203 | 317 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 316 | 389 | 322 | |
| Cash & Bank | 40 | 8 | 7 | -12 | 32 | 40 | 21 | 23 | 18 | 913 |
| 233 | 321 | 313 | 395 | 414 | 535 | 403 | 160 | 135 | 502 | |
| Total Assets | 1,366 | 1,269 | 1,504 | 1,783 | 1,731 | 2,145 | 2,117 | 2,063 | 2,317 | 3,750 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 232 | 149 | 153 | 181 | 221 | 219 | 268 | 284 | 205 | 380 | |
| Cash from Investing | 3 | -4 | -69 | -331 | -95 | -96 | -115 | -20 | -289 | -1,345 |
| Cash from Financing | -192 | -150 | -71 | 142 | -81 | -136 | -165 | -267 | 81 | 1,004 |
| 24 | -33 | -1 | -20 | 44 | -3 | -15 | 7 | -3 | 39 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Powerica Limited has informed the Exchange about Copy of Newspaper Publication regarding the corrigendum to the Annual Report for FY 2025-26
2026-09-08 - Powerica Limited has informed the Exchange regarding Corrigendum to the Annual Report for FY 2025-26 including Notice of Annual General Meeting to be held on Thursday, September 24, 2026
2026-09-07 - Powerica Limited has informed the Exchange regarding 'Re-uploading Financial Results for Q1 FY 26-27 approved in the board meeting held on August 7, 2026 in machine-readable format.'.
2026-09-01 - Powerica Limited has informed the Exchange about Schedule of meet
2026-09-01 - Powerica Limited has informed the Exchange about Copy of Newspaper Publication for information regarding the 42nd Annual General Meeting of the Company.
2026-08-31 - Powerica Limited has informed the Exchange about the intimation regarding dispatch of letter providing a web-link along with the QR Code of the Annual Report for FY 2025-26
2026-08-31 - Powerica Limited has informed the Exchange regarding the Notice of the 42nd Annual General Meeting of the Company scheduled to be held on Thursday, September 24, 2026 at 11.30 A.M. (IST)
2026-08-25 - Powerica Limited has informed the Exchange about Copy of Newspaper Publication informing about the 42nd Annual General Meeting of the Company
2026-08-24 - Powerica Limited has informed the Exchange about the date of its 42nd Annual General Meeting.
News
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