Synopsis: Power infra stock jumped 8 percent after securing a major Mumbai Monorail operations and maintenance contract, strengthening its urban mobility presence and improving long-term order book visibility and growth outlook.
The shares of this small cap company majorly engaged in engineering and construction providing integrated service in erection, testing and commissioning of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance, jumped upto 8 percent after securing orders from MMMOCL
With the market capitalization of Rs. 7030 Crores, the shares of Power Mech Projects Ltd reached an intraday high of Rs. 2230 per share raising nearly 7.5 percent from its previous day close of Rs. 2078 per share and is trading at a P/E of 20.8 whereas industry P/E stands at 17.5
What is the NEWS
Power Mech Projects Limited has secured a Rs. 296 crore operations and maintenance (O&M) contract for the Mumbai Monorail from Maha Mumbai Metro Operation Corporation Limited, marking a strategic step into the urban mobility space. The five-year contract covers the 19.54 km monorail corridor with 17 stations between Sant Gadge Maharaj Chowk and Chembur, where the company will handle end-to-end O&M services, including operating advanced rolling stock and upgraded CBTC signaling systems.
The Mumbai Monorail, operational since 2014 and India’s only straddle monorail system, will benefit from Power Mech’s deep expertise in infrastructure and plant operations, with the company focusing on reliable, safe, and efficient services for commuters. Management highlighted that the order is strategically significant as it strengthens Power Mech’s position as a leading O&M player and creates synergy between its core industrial operations and the growing urban transit sector, while also reinforcing confidence in its technical capabilities, execution discipline, and ability to deliver 24×7 high-reliability infrastructure services.
About the company and financials
Power Mech Projects Limited, established in 1999, is India’s largest operations and maintenance (O&M) provider, delivering global EPC and infrastructure services across power and non-power sectors. The company achieved record FY26 year-to-date order inflows of Rs. 7,766 crore, including a Rs. 1,563 crore battery energy storage system (BESS) project and Rs. 159 crore in solar orders.
Backed by partnerships with marquee clients such as BHEL and Adani Group, PMPL leverages deep technical expertise to deliver high-reliability services across power, infrastructure, and industrial segments while aligning its growth strategy with opportunities under the National Infrastructure Pipeline for long-term expansion.
Year on Year analysis: Revenue from operations has increased from Rs. 1338 Crores to Rs. 1420 crores, up 6.1 percent. Operating profit has increased from Rs. 151 Crores to Rs. 160 Crores, up 6 percent and net profit has increased from Rs. 87 Crores to Rs. 100 Crores, up 15 percent.
Quarter on Quarter analysis: Revenue from operations has increased from Rs. 1238 Crores to Rs. 1420 Crores, up 14.7 percent. Operating profit has increased from Rs. 146 Crores to Rs. 160 crores, up 9.5 percent and net profit has increased from Rs. 78 Crores to Rs. 100 Crores, up 28 percent
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