Om Power Transmission Ltd(OMPOWER)

NSE: OMPOWERBSE: 544750

₹ 124.35+3.58%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 426 crWebsite: ompowertransmission.com/Updated: 27 Oct 2026

About

Om Power Transmission is a power infrastructure EPC company, established in 2011. It builds transmission lines, substations and underground cabling, and runs operation & maintenance projects for utilities, renewable energy developers and industrial customers. Revenue from operations was Rs 449.16 Cr in FY26, and the closing order book was a record ₹62,128 lakhs. Its shares have been listed on NSE and BSE since 17 April 2026.^[1][2]

Business segments

Revenue mix in FY26: transmission line 52%, substation 22%, underground cabling 19%, operation and maintenance 7%.^[1]
Transmission line EPC was 51.61% of FY26 revenue and 72.38% of the order book.^[3]
Underground cabling fell from about 30% of revenue in FY25 to 19.32% in FY26, and was 3.38% of the FY26 order book. Management attributes the fall to completion of existing projects.^[3]

Capabilities and track record

Executes projects up to 400 kV and is eligible for projects up to 765 kV, as of FY26.^[1]
Has erected more than 1,000 circuit kilometres of transmission line since inception, as of FY26.^[1]
Over the last four fiscal years to FY26 it built more than 500 ckm of transmission lines and underground cabling, over 54% of it at 220 kV or above, plus seven substations.^[1]
O&M business maintains 107 substations under long-term contract and more than 490 circuit kilometres of transmission lines, as of FY26 year-end.^[1]
Holds GETCO Class AA registration, the utility's highest grade, for transmission lines and towers up to 400 kV and for 400 kV substation works. Also holds ISO 9001:2015, 14001:2015 and 45001:2018 certifications.^[1]
Its largest project to date is at Dholera: a 400 kV GIS substation plus several 400 kV transmission lines across a river, worth about INR 200 crores combined.^[3]
Asset-light model: the company owns no manufacturing plant. It works from a corporate office, a regional office and project sites, and had 821 permanent employees as of FY26.^[1]

Order book and inflows

Closing order book was ₹567.47 Cr at 30 June 2026 (Q1 FY27), down from ₹621.28 Cr at end-FY26. Q1 FY27 inflow was ₹67.82 Cr against execution of ₹121.63 Cr.^[4]
FY26 order inflow was a record ₹61,454 lakhs. The closing order book of ₹62,128 lakhs was about three times the FY23 level and 41% higher than at FY25.^[1]
Book-to-bill ratio was 1.39x in FY26.^[1][4]
Project win rate was 39% in FY26.^[1]
Tender pipeline was ₹900+ crores as of March 31, 2026.^[3]

Customers and geography

Public sector customers made up 82.13% of the order book in FY26.^[1]
The order book was effectively 100% Gujarat from FY23 to FY25. In FY26 it was 82% Gujarat, with Punjab at 8%, Rajasthan 5% and Dadra and Nagar Haveli 5%.^[4]
Management is evaluating 3-4 more states beyond Rajasthan and Punjab, as of the Q4 FY26 call.^[3]
The FY26 annual report names reliance on a few customers and on one concentrated geography (Gujarat, public-sector utilities) as a risk.^[1]

Expansion plans

Plans to bid for 765 kV transmission lines and substations as GETCO expands into that voltage class. As of Q4 FY26 it had no orders or prior track record at that level; it is also targeting HVDC.^[3][4]
IPO proceeds are going towards long-term working capital, to support larger bid deposits, performance guarantees and mobilisation.^[3][1]
Has bid for DISCOM distribution tenders, as of the Q4 FY26 call.^[3]

Recent developments

07 Oct 2026: Letter of Intent from GETCO for the 220kV D/C Chorania-Salejda transmission line, worth Rs. 78.84 Crores, turnkey, to be executed in 24 months.^[5]
06 Oct 2026: Letter of Intent from GETCO for the 220kV D/C Prantij-Jantral Line Package 2, worth Rs. 69.18 Crores, to be executed in 24 months.^[6]
06 Oct 2026: Letter of Intent from GETCO for 220kV & 66kV turnkey works at Kotda-Sanghani AIS Substation, including civil work, worth Rs. 60,48,51,594.19, to be executed in 18 months.^[7]
05 Oct 2026: incorporated OPTL Green Energy Private Limited with a 56% holding (5,600 shares for Rs. 56,000), for solar, wind and hybrid renewable projects.^[8]
After Q1 FY27 closed: orders from PGVCL for a turnkey underground cable project and from GETCO for a 66 kV underground cable project.^[4]
April 2026: IPO of ₹15,006 lakhs, including ₹132.56 crore of fresh capital, was oversubscribed 3.33 times. Shares listed on NSE and BSE on 17 April 2026.^[1]
April 2026: CRISIL upgraded the long-term rating to BBB+/Stable and the short-term rating to A2.^[1]

Market Cap

₹426 Cr

High / Low

₹207 / 117

Stock P/E

10.3

Price / Book

3.0

Book Value

₹40

EPS

₹11.7

No. of Shares

3.42 Cr

ROCE

31.9%

ROE

29.2%

OPM

13.1%

Debt / Equity

0.35

Sales

₹449 Cr

Net Profit

₹40 Cr

Promoter holding

69.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials