Powerica Limited
NSE: POWERICA · Heavy Electrical Equipment
Snapshot
Unlock Powerica Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Powerica Limited is an integrated power solutions provider operating primarily in the Generator Set Business Division and the Wind Power Business Division. The company manufactures diesel and medium-speed generators alongside allied products and operates wind power projects as an independent power producer.
Business Model
The company generates revenue by manufacturing and supplying diesel generator sets ranging from 7.5 kVA to 3,750 kVA using Cummins engines, and medium-speed large generators up to 10,000 kVA with HD Hyundai Heavy Industries. Additionally, it earns through its wind power business by acting as an independent power producer, EPC contractor, and O&M service provider.
- Generator Capacity Range:7.5 kVA to 3,750 kVA (Diesel) & up to 10,000 kVA (Medium Speed)
- Installed Wind Capacity:330.85 MW
Growth Outlook
Growth is supported by an additional 52.70 MW wind power project currently under construction in Gujarat. The company continues to leverage its extensive manufacturing footprint and long-standing partnerships to serve diverse sectors.
- Wind Project Under Construction:52.70 MW
Key Risks
- Supplier Dependency. Reliance on key engine partners such as Cummins India Limited and HD Hyundai Heavy Industries exposes the company to supply chain vulnerabilities.
- Regulatory and Weather Risks in Renewable Energy. The wind power business is subject to variable wind patterns and evolving regulatory frameworks governing renewable energy tariffs.
- Cyclical Industrial Demand. Demand for generator sets depends on capital expenditure cycles across commercial, infrastructure, and manufacturing sectors.
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Peers · Heavy Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Powerica LimitedPOWERICA | ₹7,224 Cr | — | — | — | 12.0% | — | — | — |
Transformers And Rectifiers (India) Ltd.TARIL | ₹8,675 Cr | 32.35 | 20.49 | — | 17.4% | 17.8% | 25.5% | -42.8% |
Kanohar Electricals LimitedKANOHAR | ₹7,182 Cr | — | — | — | 28.0% | — | — | — |
Transrail Lighting Ltd.TRANSRAILL | ₹6,564 Cr | 15.74 | 7.80 | 15.3% | 12.6% | 19.5% | 35.4% | -35.6% |
Skipper LimitedSKIPPER | ₹6,407 Cr | 27.20 | 11.33 | 17.2% | 11.5% | 16.7% | 27.2% | +2.8% |
GE Power India LimitedGVPIL | ₹4,614 Cr | 16.82 | 10.22 | 42.8% | 31.7% | 60.4% | 67.5% | +103.4% |
As of Mar 2026
Financials
Powerica Limited
NSE: POWERICA · Heavy Electrical Equipment
Snapshot
Unlock Powerica Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Powerica Limited is an integrated power solutions provider operating primarily in the Generator Set Business Division and the Wind Power Business Division. The company manufactures diesel and medium-speed generators alongside allied products and operates wind power projects as an independent power producer.
Business Model
The company generates revenue by manufacturing and supplying diesel generator sets ranging from 7.5 kVA to 3,750 kVA using Cummins engines, and medium-speed large generators up to 10,000 kVA with HD Hyundai Heavy Industries. Additionally, it earns through its wind power business by acting as an independent power producer, EPC contractor, and O&M service provider.
- Generator Capacity Range:7.5 kVA to 3,750 kVA (Diesel) & up to 10,000 kVA (Medium Speed)
- Installed Wind Capacity:330.85 MW
Growth Outlook
Growth is supported by an additional 52.70 MW wind power project currently under construction in Gujarat. The company continues to leverage its extensive manufacturing footprint and long-standing partnerships to serve diverse sectors.
- Wind Project Under Construction:52.70 MW
Key Risks
- Supplier Dependency. Reliance on key engine partners such as Cummins India Limited and HD Hyundai Heavy Industries exposes the company to supply chain vulnerabilities.
- Regulatory and Weather Risks in Renewable Energy. The wind power business is subject to variable wind patterns and evolving regulatory frameworks governing renewable energy tariffs.
- Cyclical Industrial Demand. Demand for generator sets depends on capital expenditure cycles across commercial, infrastructure, and manufacturing sectors.
Start your research today
Unlock AI insights, financials, peers and live data on Powerica Limited and 5,000+ companies — free.
Peers · Heavy Electrical Equipment
As of Mar 2026