Price
Financials
Standalone, Rs crore| Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.32 | 20.86 | 20.86 | 21.88 | 32.69 | 28.72 | 31.54 | 29.35 | 37.08 | 36.33 | 34.40 |
| Expenses | 23.71 | 19.99 | 19.99 | 21.05 | 31.72 | 27.41 | 29.53 | 27.03 | 34.76 | 33.71 | 33.87 |
| Operating Profit | 0.61 | 0.87 | 0.87 | 0.83 | 0.97 | 1.31 | 2.01 | 2.32 | 2.32 | 2.62 | 0.53 |
| OPM % | 2.51% | 4.17% | 4.17% | 3.79% | 2.97% | 4.56% | 6.37% | 7.90% | 6.26% | 7.21% | 1.54% |
| Other Income | 0.19 | 0.11 | 0.11 | 0.31 | 0.10 | 0.08 | 0.17 | 0.18 | 0.20 | 0.27 | 0.22 |
| Interest | 0.53 | 0.58 | 0.58 | 0.73 | 0.89 | 0.83 | 0.91 | 0.78 | 1.06 | 1.06 | 1.43 |
| Depreciation | 0.05 | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Profit before tax | 0.22 | 0.34 | 0.34 | 0.38 | 0.15 | 0.53 | 1.24 | 1.69 | 1.43 | 1.80 | -0.71 |
| Tax % | 45.45% | 14.71% | 14.71% | -52.63% | 26.67% | 16.98% | 25.81% | 24.85% | 25.87% | 24.44% | 33.80% |
| Net Profit | 0.12 | 0.29 | 0.29 | 0.59 | 0.12 | 0.44 | 0.93 | 1.27 | 1.07 | 1.36 | -0.94 |
| EPS in Rs | 0.14 | 0.33 | 0.24 | 0.49 | 0.05 | 0.22 | 0.46 | 0.51 | 0.43 | 0.54 | -0.38 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | -0.00 | 7.76 | 36.87 | 39.58 | 54.57 | 60.26 | 66.42 | 70.73 |
| Expenses | -0.00 | 7.34 | 35.81 | 38.06 | 52.77 | 56.93 | 61.79 | 67.58 |
| Operating Profit | -0.00 | 0.42 | 1.06 | 1.52 | 1.80 | 3.33 | 4.63 | 3.15 |
| OPM % | 5.41% | 2.87% | 3.84% | 3.30% | 5.53% | 6.97% | 4.45% | |
| Other Income | -0.00 | -0.00 | 0.38 | 0.17 | 0.41 | 0.25 | 0.39 | 0.49 |
| Interest | -0.00 | -0.00 | 0.65 | 1.29 | 1.62 | 1.75 | 1.84 | 2.49 |
| Depreciation | -0.00 | -0.00 | 0.10 | 0.10 | 0.05 | 0.05 | 0.05 | 0.05 |
| Profit before tax | -0.00 | 0.42 | 0.69 | 0.30 | 0.54 | 1.78 | 3.13 | 1.10 |
| Tax % | 23.81% | 36.23% | 33.33% | -29.63% | 23.03% | 24.92% | 21.82% | |
| Net Profit | -0.00 | 0.31 | 0.43 | 0.20 | 0.71 | 1.37 | 2.34 | 0.86 |
| EPS in Rs | 0.49 | 0.17 | 0.28 | 0.68 | 0.94 | 0.34 | ||
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 14% | 9% | 6% | ||
| Compounded Profit Growth | % | 34% | 16% | -63% | ||
| Stock Price CAGR | % | % | -21% | -60% | ||
| Return on Equity | % | 5% | 5% | 3% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 4.40 | 6.00 | 12.50 | 12.50 | 25.00 | 25.00 |
| Reserves | -0.00 | 0.31 | 0.49 | 0.69 | 10.80 | 15.20 | 5.05 | 5.90 |
| Borrowings | -0.00 | 11.20 | 6.09 | 9.72 | 0.75 | 13.06 | 19.38 | 29.90 |
| Other Liabilities | -0.00 | 9.15 | 9.45 | 11.91 | 16.63 | 20.32 | 17.36 | 5.29 |
| Total Liabilities | 0.01 | 20.67 | 20.43 | 28.32 | 40.68 | 61.08 | 66.79 | 66.09 |
| Fixed Assets | -0.00 | 1.89 | 2.52 | 2.33 | 0.46 | 0.41 | 0.35 | 0.32 |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | 0.01 | 0.01 | 0.01 | 4.85 | 4.61 | 4.62 |
| Other Assets | 0.01 | 18.78 | 17.90 | 25.98 | 40.21 | 55.82 | 61.83 | 61.15 |
| Total Assets | 0.01 | 20.67 | 20.43 | 28.32 | 40.68 | 61.08 | 66.79 | 66.09 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.00 | -6.66 | 3.15 | -4.55 | -17.29 | 1.99 | -3.01 | -9.86 |
| Cash from Investing Activity | -0.00 | -1.80 | -1.63 | 0.10 | 2.22 | -4.59 | 0.39 | 0.49 |
| Cash from Financing Activity | -0.00 | 11.20 | -1.26 | 5.12 | 14.73 | 4.58 | 4.48 | 8.03 |
| Net Cash Flow | -0.00 | 2.75 | 0.26 | 0.67 | -0.34 | 1.98 | 1.85 | -1.35 |
| Free Cash Flow | -0.00 | -8.55 | 2.42 | -4.45 | -15.26 | 1.99 | -3.01 | -9.86 |
| CFO/OP | -1,562% | 298% | -299% | -953% | 72% | -48% | -305% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 333.02 | 64.74 | 97.38 | 78.79 | 144.82 | 116.56 | 107.08 | |
| Inventory Days | 410.81 | 77.74 | 116.28 | 95.16 | 97.25 | 129.87 | 147.54 | |
| Days Payable | 449.65 | 97.48 | 103.63 | 39.84 | 116.81 | 74.52 | 17.65 | |
| Cash Conversion Cycle | 294.18 | 45.00 | 110.02 | 134.11 | 125.27 | 171.90 | 236.97 | |
| Working Capital Days | 110.53 | 16.73 | 20.38 | 135.71 | 105.51 | 110.51 | 125.14 | |
| ROCE % | 7.29% | 8.71% | 11.61% | 9.64% | 10.89% | 11.02% | 6.51% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.32% | 64.80% | 64.80% | 71.20% | 69.24% | 69.24% | 69.25% | 69.26% | 69.25% | 69.25% | 68.97% | 68.97% |
| DIIs | 0.02% | 0.00% | 0.02% | 0.11% | 0.11% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% |
| Public | 27.65% | 35.20% | 35.18% | 28.69% | 30.65% | 30.67% | 30.66% | 30.65% | 30.66% | 30.66% | 30.94% | 30.94% |
| No. of Shareholders | 135 | 133 | 186 | 198 | 302 | 365 | 380 | 374 | 373 | 380 | 365 | 370 |
Fundamentals
Market Cap₹ 29.9 Cr.
Current Price₹ 12.0
Stock P/E34.8
Book Value₹ 12.4
ROCE6.51 %
ROE2.82 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-63%
Standalone figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 37 Cr
P/E (TTM)21.57x
Price to book1.07x
Price to sales0.49x
EV / EBITDA10.42x
EV / EBIT10.57x
EV / sales0.62x
Price to cash flow14.85x
Earnings yield4.64%
P/E, 3-year average46.17x
P/B, 3-year average1.79x
P/E, 5-year average46.17x
P/B, 5-year average1.79x
Profitability
Operating margin (excl. other income)5.53%
Operating margin (incl. other income)5.94%
EBITDA margin5.94%
Pre-tax margin2.95%
Net profit margin2.27%
ROE5.37%
ROCE10.89%
ROA2.69%
ROE, 3-year average4.52%
ROCE, 3-year average11.06%
ROA, 3-year average1.86%
ROE, 5-year average25.39%
ROCE, 5-year average9.75%
ROA, 5-year average2.13%
ROIC (approx.)7.67%
Tax rate23.03%
Other income / net worth0.90%
Growth
Sales growth (latest year)10.43%
Profit growth (latest year)92.96%
Sales CAGR, 3 years17.79%
Profit CAGR, 3 years47.15%
Per share
EPS (TTM)Rs 0.55
EPS (latest year)Rs 1.10
EPS, 3-year averageRs 0.67
EPS, 5-year averageRs 62.59
Book value per shareRs 11.08
Sales per shareRs 24.10
Cash flow per shareRs 0.80
Free cash flow per shareRs -3.94
Efficiency
Asset turnover0.99x
Fixed asset turnover146.98x
Inventory turnover3.83x
Inventory days95 days
Debtor days145 days
Debtors turnover2.52x
Creditor days18 days
Cash conversion cycle237 days
Working capital days125 days
Leverage
Total debtRs 13 Cr
Cash and bankRs 5 Cr
Net debtRs 8 Cr
Debt to equity0.47x
Net debt / EBITDA2.16x
Interest coverage2.02x
Owners' fund to total sources45.35%
Debt to assets21.38%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 5 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -10 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years-5.97x
Sales to cash flow30.28x
Statement figures
Net sales (TTM)Rs 60 Cr
Net sales (latest year)Rs 60 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 56 Cr
Total expenditure (latest year)Rs 57 Cr
Total income (latest year)Rs 61 Cr
Share capitalRs 12 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 28 Cr
Total assetsRs 61 Cr
Net blockRs 0 Cr
InvestmentsRs 5 Cr
ReceivablesRs 24 Cr
InventoryRs 15 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)2.50
Ownership
Promoter holding68.97% (-0.29 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 21.6 is at the 2th percentile of its own 3.4-year range
(median 108.8, low 20.3, high 397.9).
P/B 1.07 is at the 2th percentile (median 14.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 543375 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.1% | -2.8% | -2.3 pts |
| 1 month | +7.5% | -6.8% | +14.2 pts |
| 3 years | -52.8% | +14.2% | -66.9 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -871% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 103% vs sales +10% in 2026 |
| explain | Share dilution Share count up -20% in a year, 127% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹34 Cr +9.1% vs Mar 2024.
Net loss ₹1 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Promax Power Ltd?
Promax Power Ltd (543375) has a market capitalisation of Rs 29.9 Cr. at the 2026-09-30 close.
What is the P/E ratio of Promax Power Ltd?
Promax Power Ltd trades at a P/E of 34.8 on trailing twelve-month profit, at the 2026-09-30 close.
What were Promax Power Ltd's latest quarterly results?
In the Mar 2026 quarter, Promax Power Ltd sales was Rs 34 Cr (+9.1% vs Mar 2024) with a net loss of Rs 1 Cr.