Synopsis: Telecom sector stock jumps 4 percent after subsidiary secures Rs 159 crore order from Reliance for Li-ion battery packs, strengthening its robust order book.
The shares of this company, which is involved in the manufacturing, installation, and commissioning of DC Power systems, lithium batteries, monitoring systems, and inverters, came into focus after an receivng a new work order from Reliance Industries.
With a market capitalization of Rs 3,998 crore, Pace Digitek Ltd shares on Tuesday made a day high of Rs 189.55 per share, up 4 percent from its previous day’s close price of Rs 182.10 per share. The stock of this company trades at a fairly valued P/E ratio of 16x, compared to its industry P/E of 17.5x.
Significant Order
Lineage Power Private Limited, a material subsidiary of Pace Digitek, has secured a purchase order valued at Rs 158.71 crore from Reliance Industries Limited for the supply of Li-ion 48V 15S1P 314Ah battery packs, reinforcing its order book and strengthening its presence in the energy storage segment. The domestic order has to be executed by August 31, 2026.
This order strengthens the company’s robust order book of Rs 8,467.8 crore as of January 31, 2026. The Energy segment contributes Rs 6,004.2 crore, comprising 40.9 percent from EPC, 5 percent from supply, and 54.1 percent from BOO(Build–Own–Operate) projects.
Meanwhile, Telecom & ICT accounts for Rs 2,463.7 crore, led by Tower Infrastructure EPC at 78.7 percent, followed by Tower Infra & OFC (7.5 percent), Telecom Power Equipment (7.7 percent), and Tower Infra EPC plus Services (6.1 percent).
As of December 2025, the shareholding pattern reflects a strong promoter holding of 69.52 percent, indicating significant ownership control. Foreign Institutional Investors (FIIs) hold 2.31 percent, Domestic Institutional Investors (DIIs) account for 5.18 percent, while the public shareholding stands at 23 percent.
Incorporated in 2007, Pace Digitek provides solutions for telecom infra and the solar industries. It is involved in the manufacturing, installation, and commissioning of DC Power systems, lithium batteries, monitoring systems, and inverters.
Financial Highlights: The revenue from operations grew by 14 percent to Rs 644 crore in Q3 FY26, corresponding to the same quarter in the last financial year. This was accompanied by a net profit growth of 8 percent to Rs 78.8 crore in Q3 FY26 from Rs 70.8 crore in Q3 FY25, resulting in an EPS decline of 85 percent to Rs 3.65 per share in Q3 FY26.
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