AI Summary
✦ ClarthaPower Mech Projects is an infrastructure construction and engineering company serving India and international markets. Power-project services span boiler, turbine and generator commissioning, balance-of-plant work, civil construction, and operations and maintenance. Railway, roads, irrigation, transmission and distribution, and mine-development contracts broaden revenue beyond thermal power. With no major recent developments, 15.8% revenue growth reflects execution across its existing project portfolio rather than a new catalyst. Profit growth trails revenue growth at 11.5%, while stable margins indicate limited operating deterioration. ROE is 17.3%, but debt/equity of 25.63 indicates extreme leverage, materially magnifying reported returns and balance-sheet risk. At 22.7x earnings, valuation is fair relative to current growth, but not discounted for leverage. The key investor question is whether execution-led growth can sustain returns without further debt pressure.
Valuation Metrics
Trading 0.9% below historical median. Valuation is stable — currently in the undervalued zone (z-score: -0.09). Confidence: 84%.
Live forward EPS implies next-12-month EPS of ₹182.93. Applying the stock's normalized valuation corridor produces a fair range of ₹3,453.72 to ₹4,445.20, with base value near ₹4,006.17 (+60.3% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹182.93
Forward P/E
13.7x
Base Fair Value
₹4,006.17
Fair Range
₹3,453.72 - ₹4,445.20
Upside To Base
+60.3%
Estimate Source
Live forward EPS
Growth Estimate
+21.6%
5Y Average
16.46
Current
21.70
Overvalued
24.30
Undervalued
18.88
5Y Average
9.17
Current
12.08
Overvalued
12.48
Undervalued
4.73
5Y Average
3.55
Current
3.14
Overvalued
4.08
Undervalued
3.02
Peers & Comparison
Sector: Industrials · Theme: Construction & Engineering
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
NCC LIMITED NCCConstruction & Engineering | +1.7% | 3.2% | 13.5x Undervalued | -60% vs avg | -34.3% |
AJAX ENGINEERING LIMITED AJAXENGGConstruction & Engineering | +1.7% | 10.8% | 28.9x Fair | -15% vs avg | -20.9% |
CEIGALL INDIA LIMITED CEIGALLConstruction & Engineering | +37.1% | 7.8% | 18.9x Undervalued | -45% vs avg | +30.0% |
AHLUWALIA CONT IND LTD AHLUCONTConstruction & Engineering | +8.8% | 5.8% | 20.7x Undervalued | -39% vs avg | -12.7% |
BALU FORGE INDUSTRIES LTD BALUFORGEConstruction & Engineering | -2.3% | 23.4% | 19.3x Undervalued | -43% vs avg | -20.5% |
AFCONS INFRASTRUCTURE LTD AFCONSConstruction & Engineering | -19.1% | 1.3% | 39.8x Premium | +17% vs avg | -37.8% |
AXISCADES TECH LTD AXISCADESConstruction & Engineering | +1.5% | 6.2% | 96.1x Premium | +182% vs avg | +28.6% |
CEMINDIA PROJECTS LIMITED CEMPROConstruction & Engineering | +7.0% | 5.9% | 36.0x Fair | +6% vs avg | +59.2% |
POWER MECH PROJECTS LTD. trades at a discount (21.7x vs peer avg 34.1x), suggesting potential undervaluation relative to the Construction & Engineering cohort. Peers include NCC LIMITED, AJAX ENGINEERING LIMITED, CEIGALL INDIA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹1.15K CrJun 2026Latest net profit
₹96 CrJun 2026Latest EPS
₹30.26Jun 2026Net margin
11.0%Jun 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 845 | 915 | 1,071 | 1,228 | 857 | 955 | 1,100 | 1,523 | 905 | 1,105 | 1,130 | 1,587 | 1,148 |
| Expenses + | 748 | 804 | 942 | 1,092 | 760 | 850 | 975 | 1,362 | 813 | 989 | 1,004 | 1,441 | 1,017 |
| Operating Profit | 98 | 111 | 130 | 136 | 97 | 105 | 124 | 161 | 92 | 117 | 126 | 146 | 130 |
| OPM % | 12% | 12% | 12% | 11% | 11% | 11% | 11% | 11% | 10% | 11% | 11% | 9% | 11% |
| Other Income + | 4 | 4 | 7 | 14 | 14 | 13 | 13 | 25 | 17 | 17 | 20 | 19 | 31 |
| Interest | 20 | 25 | 22 | 24 | 20 | 17 | 24 | 26 | 24 | 24 | 25 | 27 | 20 |
| Depreciation | 10 | 10 | 11 | 11 | 11 | 12 | 12 | 14 | 14 | 15 | 17 | 19 | 20 |
| Profit before tax | 72 | 80 | 103 | 115 | 80 | 90 | 102 | 147 | 71 | 94 | 103 | 118 | 121 |
| Tax % | 33% | 36% | 42% | 30% | 28% | 28% | 30% | 27% | 30% | 32% | 16% | 18% | 21% |
| Net Profit + | 48 | 51 | 60 | 81 | 58 | 64 | 71 | 107 | 50 | 64 | 87 | 98 | 96 |
| EPS in Rs | 16.06 | 17.23 | 19.11 | 25.65 | 18.22 | 20.35 | 22.51 | 34.00 | 15.75 | 20.36 | 27.40 | 30.87 | 30.26 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome