1:1 bonus share & Rs 57,915 crore order book: Civil construction company bags new order worth Rs 164.63 crore from Bharat Heavy Electricals Ltd

The stock gave multibagger returns of 350 per cent in just 3 years whereas BSE Sensex Index is up by 34 per cent.

Power Mech Projects Limited has been awarded a Rs 164.63 crore (excluding GST) order by Bharat Heavy Electricals Limited (BHEL) for the 2 X 800 MW DVC Koderma TPS Phase-II- EPC project. This domestic order encompasses main supply, including design and engineering, mandatory spares, and civil works, along with erection and commissioning (E&C). The project is slated for completion within 30 months from the date of the Letter of Award (LOA).

Established in 1999, Power Mech Projects Limited is an engineering and construction company offering comprehensive services for power plants, including building, testing, and maintaining boilers, turbines and generators, civil works, and ongoing operations. Their diverse portfolio encompasses various project scales, from ultra-mega to subcritical power plants, and their expertise extends across eight business units, including industrial services, construction, overseas operations, electrical systems, infrastructure construction, hydropower, manufacturing, and mining. The company has a market cap of over Rs 6,000 crore and as of December 31, 2024, the company’s order book stands at Rs 57,915 crore.

Power Mech Projects Ltd announced positive results in its Quarterly Results (Q3FY25) and half-yearly results (9MFY25).  According to the Quarterly Results, the net sales increased by 21 per cent to Rs 1,338 crore and net profit increased by 36 per cent to Rs 86.15 crore in Q3FY25 compared to Q3FY24. In 9MFY25, net sales increased by 16 per cent to Rs 3,380 crore and net profit increased by 34 per cent to Rs 219 crore compared to 9MFY24.

Earlier, the shares of the company ex-traded bonus equity shares in the ratio of 1:1 i.e., 1 new fully paid-up equity share of Rs 10 each will be issued for every 1 fully paid-up equity share of Rs 10 each and the ex-date for bonus shares was Tuesday, October 08, 2024. The stock gave multibagger returns of 350 per cent in just 3 years whereas BSE Sensex Index is up by 34 per cent. Investors should keep an eye on this Small-Cap civil construction company’s stock.

Disclaimer: The article is for informational purposes only and not investment advice.