1:1 bonus share & Rs 58,067 crore order book: Multibagger civil construction company reports positive results; Revenue Rises by 11 Per Cent & PAT Jumps 31 Per Cent

The stock gave multibagger returns of 420 per cent in just 3 years and a whopping 660 per cent in 5 years.

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 as well as 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 8,000 crore and as of September 30, 2024, the company’s order book stands at Rs 58,067 crore.

Power Mech Projects Ltd announced positive results in its qualrterly results (Q2FY25) and half-yearly results (H1FY25).  According to the Quarterly Results, the net sales increased by 11 per cent to Rs 1,035.49 crore and net profit increased by 31 per cent to Rs 70.16 crore in Q2FY25 compared to Q2FY24. In H1FY25, net sales increased by 14 per cent to Rs 2,024.88 crore and net profit increased by 27 per cent to Rs 132.49 crore compared to H1FY24.

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 ex-date for bonus shares was Tuesday, October 08, 2024.

The stock gave multibagger returns of 420 per cent in just 3 years and a whopping 660 per cent in 5 years. 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.