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Powerica Lists: 10% Drop, Growth Plans Unchanged
2 Apr
Summary
- Powerica debuted on the stock market with a 10% loss.
- Company CMD expects genset segment to grow 10-11% annually.
- Expanding into EV charging, battery storage, and power transmission.
Powerica, a Mumbai-based manufacturer of generator sets, experienced a challenging market debut on April 2, 2026, with its shares listing at a discount on both the NSE and BSE. The company's initial public offering (IPO) of ₹1,100 crore had seen healthy subscription earlier. Despite the 10% loss on listing, Chairman and Managing Director Bharat Oberoi reaffirmed the company's commitment to its growth strategies.
Oberoi anticipates that the company's established genset business will achieve a compounded annual growth rate of 10-11%. Furthermore, its wind energy portfolio is projected to maintain strong EBITDA margins between 65-70%. Executive Director Jai Oberoi highlighted supportive industry trends, noting that the DG set market is expected to grow at approximately 10.5% CAGR, a pace Powerica aims to meet or exceed.
Beyond its core operations, Powerica is actively diversifying its revenue streams. Its associate company, Platino Automotive, specializing in retrofit and emission control devices, is targeted for 25-30% growth. Management is also exploring opportunities in electric vehicle charging infrastructure, battery storage, and power transmission equipment, which are expected to become significant contributors within the next three to five years. The company's market capitalization post-listing stood at ₹4,814.03 crore.
