Small-cap multibagger stock: Power Mech, on Thursday, announced that it has bagged a significant order worth ₹370.84 crore from an Adani Power subsidiary.
Power Mech Projects has bagged a major contract worth ₹370.84 crore from Mahan Energen (MEL), a subsidiary of Adani Power, for civil and structural works at its upcoming thermal power plant in Madhya Pradesh.
The project involves carrying out civil construction and installing prefabricated structural steel for BTG Units 1 & 2, including the main powerhouse, central control building, ESP, FGD and limestone handling system, switchyard, and other related works for the Mahan Phase-III (2 x 800 MW) project in Singrauli, Madhya Pradesh.
This is a domestic order and is scheduled to be completed within 30 months from the issuance of the Notice to Proceed, the multibagger small-cap stock said in a filing today.
Power Mech further clarified that neither its promoters nor any group companies have any stake in the awarding entity, and the order does not qualify as a related party transaction.
The Hyderabad-headquartered Power Mech Projects is among the leading players in the infrastructure construction sector.
Power Mech Projects’ share price movement
Power Mech Projects share price was down 3 per cent at ₹3,037.10 apiece in Thursday’s trading session. The small-cap stock had opened at ₹3,129.80 in the early morning session on August 28, as compared to the previous close of ₹3,130.40 on Tuesday.
The small-cap stock has remained volatile in short term. The stock has gained over 68.53 per cent in six months; however, it has descended nearly 10.24 per cent in the last one month.
Power Mech Projects share price has proven to be a multibagger stock by soaring over 1,220 per cent in five years.
Power Mech Q1 results 2025
Power Mech Projects Ltd on August 8 reported a 30.4 per cent year-on-year (YoY) rise in net profit, reaching ₹80.5 crore for the first quarter ended June 30, 2025, compared to ₹61.7 crore in Q1FY25.
Its revenue from operations grew 28.4 per cent to ₹1,293 crore, up from ₹1,007 crore in the same period last year.
At the operational level, EBITDA for the April–June quarter surged 49 per cent to ₹170.4 crore from ₹114.4 crore a year earlier, while the EBITDA margin improved significantly to 13.2 per cent from 11.3 per cent in the corresponding quarter of the previous fiscal.
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