Powerica Limited
NSE: POWERICAHeavy Electrical Equipment
Share price
₹585.45
+0.08% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
58
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹7,377 Cr
P/E ratio
26.2
P/B ratio
3.3
ROCE
15.7%
ROE
17.4%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 24.8% a year against a sector median of 10.6% — 14.2 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.7 times its growth rate, on earnings growth of 36%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Powerica Limited — this one | 36%/yr | 26.2× | ₹0.73 |
| Bharat Heavy Electricals | 36%/yr | 62.0× | ₹1.7 |
| ABB India | — | 92.4× | — |
| Hitachi Energy India Limited | 122%/yr | 119.9× | — |
| CG Power and Industrial Solutions Limited | 10%/yr | 105.9× | ₹10.6 |
| Siemens India | 23%/yr | 85.0× | ₹3.7 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 25 of 36 on returns, 9 of 31 on growth, 27 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 15.7% on capital, ahead of 31% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹1456 crore of cash from the business and spent ₹1119 crore on plant and equipment, with ₹337 crore to spare; it still raised ₹517 crore from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 6 years, about 219 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 107 days before it paid its own suppliers to paid 26 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue grew 26.7% in the quarter, while profit margin was held back by commodity costs.
Announced 2 Sep 2026 · Standalone · Unaudited
Revenue
₹728 Cr
Net profit
₹60 Cr
EPS
₹4.75
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹7,377 Cr
- Prev close
- ₹585.45
- 52w High
- ₹677
- 52w Low
- ₹365
- Enterprise value
- ₹6,751 Cr
- Beta
- 1.0
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 6.8%
- PEG ratio
- 0.7
- P/E ratio
- 26.2
- P/B ratio
- 3.3
- EV / EBITDA
- 17.0
- Industry P/E
- 48.8
- ROCE
- 15.7%
- ROCE 5y average
- 19.8%
- ROE
- 17.4%
- Debt / Equity
- 0.3
- Interest coverage
- 12.5
- Dividend yield
- 0.0%
- ROE 3y average
- 17.0%
- ROE last year
- 17.0%
Annual P&L
- Annual revenue
- ₹3,012 Cr
- Annual profit
- ₹267 Cr
- Operating margin
- 12.0%
- Net profit margin
- 8.9%
- EBITDA margin
- 12.5%
- Sales growth 3y
- 8.2%
- Sales growth 5y
- 27.6%
- Profit growth 3y
- 36.0%
- Profit growth 5y
- 80.0%
- EPS
- ₹21.1
- Sales growth TTM
- 14.0%
- Profit growth TTM
- 89.0%
- Dividend payout
- 13.0%
Quarter P&L
- Sales latest quarter
- ₹780 Cr
- Profit latest quarter
- ₹64 Cr
- YoY quarterly sales growth
- 26.7%
- YoY quarterly profit growth
- 25.5%
- OPM latest quarter
- 13.6%
Balance Sheet
- Book Value
- ₹158
- Face Value
- ₹5.0
- Total debt
- ₹572 Cr
- Total cash
- ₹961 Cr
- Borrowings
- ₹572 Cr
- Reserves / Equity
- 30.6
Cash Flow
- Operating cash flow
- ₹453 Cr
- Free cash flow
- -₹121 Cr
- FCF yield
- -2.0%
- Net cash flow
- ₹60 Cr
Shareholding
- Promoter holding
- 77.2%
- FII holding
- 2.0%
- DII holding
- 16.6%
- Public holding
- 4.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| B H E L | 437.10 | 62.6 | 1,52,201 | 0.31 | 376.7 | 182.7 | 7,697.7 | 40.3 | 9.1 |
| A B B | 6,885.00 | 94.7 | 1,45,899 | 0.57 | 362.3 | 8.0 | 3,558.9 | 21.0 | 29.9 |
| Hitachi Energy | 31,220.00 | 116.8 | 1,39,155 | 0.03 | 294.2 | 123.5 | 2,493.7 | 68.6 | 29.4 |
| CG Power & Ind | 874.50 | 108.2 | 1,37,775 | 0.15 | 308.3 | 16.3 | 3,280.8 | 14.0 | 26.7 |
| Siemens | 3,705.80 | 87.8 | 1,31,971 | 0.48 | 2,143.1 | -18.6 | 4,713.7 | 14.8 | 21.4 |
| Siemens Ener.Ind | 3,265.55 | 76.2 | 1,16,293 | 0.12 | 440.9 | 67.8 | 2,485.6 | 39.3 | 67.8 |
| GE Vernova T&D | 4,218.15 | 80.0 | 1,08,006 | 0.23 | 363.0 | 24.6 | 1,836.1 | 38.0 | 77.4 |
| Powerica Ltd | 584.15 | 26.3 | 7,393 | 0.00 | 64.4 | 28.1 | 780.1 | 26.7 | 15.7 |
| Median | 437.10 | 33.1 | 5,880 | 0.04 | 41.2 | 15.5 | 466.3 | 20.1 | 23.5 |
Competes with: ABB India, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, GE Vernova T&D India Limited, Hitachi Energy India Limited, Siemens Energy India Limited, Siemens India
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 704 | 722 | 616 | 832 | 763 | 801 | 780 |
| Expenses | 623 | 654 | 531 | 703 | 685 | 717 | 674 |
| Material Cost | 432 | 555 | 526 | ||||
| Change in Inventories | 48 | -7.80 | -9.45 | ||||
| Purchases of Stock-in-Trade | 31 | 8.03 | 2.57 | ||||
| Employee Cost | 34 | 33 | 36 | ||||
| Other Expenses | 140 | 129 | 119 | ||||
| Operating Profit | 82 | 68 | 85 | 129 | 78 | 84 | 106 |
| OPM % | 12 | 9.40 | 14 | 15 | 10 | 10 | 14 |
| Other Income | 5 | 22 | 25 | 9 | 13 | 6 | 19 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | ||||
| Interest | 9 | 8 | 6 | 6 | 6 | 7 | 2 |
| Depreciation | 30 | 29 | 27 | 27 | 28 | 35 | 38 |
| Profit before tax | 48 | 53 | 77 | 105 | 58 | 48 | 85 |
| Tax % | 37 | 29 | 34 | 20 | -69 | 5 | 24 |
| Net Profit | 30 | 37 | 51 | 84 | 98 | 45 | 64 |
| EPS in Rs | 10 | 13 | 4.52 | 7.32 | 8.81 | 3.36 | 4.98 |
| Diluted EPS in Rs | 8.83 | 3.82 | 4.99 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 890 | 1,488 | 2,378 | 2,210 | 2,653 | 3,012 | 3,176 |
| Expenses | 762 | 1,302 | 2,031 | 1,848 | 2,317 | 2,636 | 2,779 |
| Material Cost | 1,880 | ||||||
| Change in Inventories | -13 | ||||||
| Purchases of Stock-in-Trade | 99 | ||||||
| Employee Cost | 134 | ||||||
| Other Expenses | 537 | ||||||
| Operating Profit | 128 | 186 | 347 | 362 | 336 | 376 | 397 |
| OPM % | 14 | 12 | 15 | 16 | 13 | 12 | 12 |
| Other Income | 37 | 36 | 44 | 147 | 67 | 54 | 48 |
| Exceptional items (within Other Income) | 0 | ||||||
| Interest | 39 | 47 | 56 | 41 | 33 | 25 | 21 |
| Depreciation | 111 | 117 | 136 | 128 | 116 | 117 | 129 |
| Profit before tax | 14 | 59 | 200 | 341 | 253 | 287 | 295 |
| Tax % | 205 | 66 | 40 | 34 | 32 | 3 | |
| Net Profit | -16 | 20 | 106 | 226 | 163 | 267 | 291 |
| EPS in Rs | -4.56 | 5.73 | 31 | 83 | 60 | 21 | 24 |
| Diluted EPS in Rs | 24 | ||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 13 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 28%
- 3 years
- 8%
- TTM
- 14%
Compounded profit growth
- 10 years
- —
- 5 years
- 80%
- 3 years
- 36%
- TTM
- 89%
Return on equity
- 10 years
- —
- 5 years
- 14%
- 3 years
- 17%
- Last year
- 17%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 14 | 14 | 63 |
| Reserves | 729 | 674 | 779 | 899 | 1,071 | 1,928 |
| Borrowings | 399 | 386 | 279 | 182 | 312 | 572 |
| Other Liabilities | 584 | 1,072 | 1,051 | 990 | 1,018 | 1,368 |
| Minority Interest | 16 | |||||
| Total Liabilities | 1,729 | 2,149 | 2,126 | 2,085 | 2,415 | 3,931 |
| Fixed Assets | 981 | 863 | 1,091 | 951 | 865 | 1,211 |
| CWIP | 11 | 320 | 4 | 23 | 352 | 179 |
| Investments | 204 | 242 | 394 | 333 | 395 | 403 |
| Other Assets | 532 | 724 | 636 | 777 | 802 | 2,137 |
| Total Assets | 1,729 | 2,149 | 2,126 | 2,085 | 2,415 | 3,931 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 219 | 214 | 257 | 283 | 249 | 453 |
| Cash from Investing Activity | -95 | -78 | -99 | -14 | -337 | -1,394 |
| Cash from Financing Activity | -80 | -135 | -165 | -268 | 84 | 1,001 |
| Net Cash Flow | 44 | 0 | -6 | 2 | -4 | 60 |
| Free Cash Flow | -20 | 152 | 211 | 154 | -59 | -121 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 54 | 63 | 40 | 53 | 55 | 41 |
| Inventory Days | 56 | 54 | 47 | 68 | 42 | 60 |
| Days Payable | 71 | 95 | 55 | 77 | 53 | 72 |
| Cash Conversion Cycle | 39 | 21 | 33 | 44 | 44 | 29 |
| Working Capital Days | -47 | -107 | -84 | -23 | -16 | -26 |
| ROCE % | 10 | 24 | 27 | 22 | 16 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
In the last 1 year the price has not moved enough to draw bricks. Try a longer range.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-625inr_cr
2026-03-31
net debt as the company states it (net cash negative)
-193inr_cr
2026-06-30
News
News and filings about Powerica Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Cummins diesel engines and alternators (Cummins India OEM, 40+ year relationship)
- copper (alternator windings, cabling)
- electrical equipment and control-panel components
- steel for genset enclosures, canopies and fabrication
- wind turbine generators (bought-out for wind EPC / IPP projects)
Depends on the price of
- steel
Sells to
- Gujarat DISCOM / GUVNL (wind PPA) · wind power sold as IPP under long-term PPA (~280 MW across Gujarat)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Heavy Electrical Equipment
- Classification
- Capital Goods › Heavy Electrical Equipment
- ISIN
- INE921L01032
Business segments
- Generator Set · 83%
- Wind Power · 17%
Plants
- Powerica Bengaluru genset manufacturing facility
- Powerica Khopoli manufacturing facility
- Powerica Silvassa manufacturing facility
- Powerica Wind Power Projects, Gujarat (~280 MW, 11 projects)
News impact
Big market events that reach Powerica Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
No dividends, splits or big trades on record.
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2631 Aug 2026
- Earnings call10 Aug 2026
- Earnings call8 Aug 2026
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.