Pace Digitek Ltd(PACEDIGITK)

NSE: PACEDIGITKBSE: 544550

₹ 138.4-5.82%refreshed 23 Oct, 03:55 pm ISTMarket cap: ₹ 2,987 crWebsite: www.pacedigitek.comUpdated: 24 Oct 2026

About

Pace Digitek Limited is an Indian EPC and developer platform operating across two segments: Energy (BESS manufacturing, solar EPC, and BOO/BOOT developer projects) and Telecom & ICT (tower erection, optical fibre deployment, and network services). Revenue rose from ₹2,439 Cr in FY2025 to ₹2,641 Cr in FY2026, while the order book went from ₹7,634 Cr to ₹11,000+ Cr over the same period. Its utility-scale BOO/BOOT portfolio reached 3.32 GWh following a new BSES Rajdhani LOI in October 2026.^[1][2]

Business segments

Energy segment: BESS manufacturing and EPC, solar EPC, and BOO/BOOT developer projects. Contributed 79.5% of consolidated revenue in Q1 FY27 vs 78.1% in FY26.^[3]
Telecom & ICT segment: tower erection, optical fibre deployment, and network O&M. Contributed 20.5% of consolidated revenue in Q1 FY27 vs 21.9% in FY26.^[3]
In reported FY26 segment results, Energy revenue was Rs. 1,840.7 crore (55.2%) with an EBIT margin of 8.9%, and Telecom revenue was Rs. 1,488.67 crore (44.6%) with an EBIT margin of 24.0%.^[4]

BESS manufacturing operations

The BESS plant is at Bidadi. A second 2.5 GWh line was commissioned in August 2026, which doubled capacity to 5 GWh.^[3][2]
Utilisation on the first line rose to about 85% from about 80%, and the rejection rate fell to about 0.5% from about 5% (Q2 FY27 call).^[2]
Over the 12 months to the Q2 FY27 call, 350+ containers (1.6+ GWh) were manufactured and delivered. 90 containers were delivered in Q1 FY27, against 178 grid-scale containers in FY26.^[2][3]
In-house container fabrication began in August 2026, with batch production targeted from September 2026. This replaces imported containers, and the unit cost Rs. 30 - 40 crore.^[3]
The Pace-Lineage Research Center for BESS R&D was inaugurated at Pune in collaboration with IISER Pune.^[3]

BOO/BOOT developer platform

Wholly-owned subsidiary TransGreenX Energy Private Limited (TGX) holds all BOO/BOOT SPVs. BOO lease income recognised in FY26 was Rs. 5,578 million.^[5]
MSEDCL BOO project: 975 MWh commissioned cumulatively as of Q1 FY27 (39 of 75 sites), including 375 MWh added in Q1 FY27. Annuity revenue potential is ~Rs. 120 crore per year.^[3]
The utility-scale BOO/BOOT portfolio reached 3.32 GWh after the BSES Rajdhani LOI of October 8, 2026.^[6]
BOO projects carry an equity IRR of 14%. They are funded with ~25% equity and ~75% term loans at a cost of ~9%.^[7]

Order book and inflows

The order book grew to ₹11,000+ Cr in FY2026 from ₹7,634 Cr in FY2025.^[2]
Total executable order book was Rs. 108,033 million as of Q1 FY27: Energy Rs. 84,530 million and Telecom & ICT Rs. 23,503 million.^[3]
Order inflows since listing total ₹8,038 Cr. Energy accounts for ₹7,128 Cr (88.7%), made up of EPC ₹4,460 Cr, BOO ₹1,775 Cr and Supply ₹893 Cr. Telecom accounts for ₹910 Cr.^[2]
Q1 FY27 inflows were Rs. 16,766 million, including NLC BESS EPC (Rs. 7,099 million), DVC BESS EPC (Rs. 7,020 million) and BSNL OFC (Rs. 2,647 million).^[3]
As of the Q2 FY27 call, the company cited 5 GWh+ of energy order visibility and a tender pipeline of about 20 GWh+ (under submission) across utility-scale, solar+storage and C&I.^[2]

Telecom & ICT operations

In FY26 the Telecom segment erected 1,035 new towers and deployed 2,109 km of optical fibre cable.^[5]
8,000+ BSNL 4G saturation sites have been completed and are now in O&M. The TANFINET OFC rollout is complete.^[2]
In Q1 FY27, net working capital stood at ~150 days for Telecom and 90 - 100 days for Energy.^[3]

Customers

Named energy customers include MSEDCL, SECI, NLC, DVC, MAHAGENCO and NTPC. BSNL is a key telecom customer.^[3]
930+ MWh of BESS supply orders were won from private customers in the 12 months to the Q2 FY27 call, and 350+ MWh was delivered.^[2]
C&I BESS was commercialised in Q1 FY27 with first trial orders of ~25 units. One customer is targeting thousands of units per year.^[3]

Expansion and new initiatives

A further 5 GWh of BESS capacity is planned by December 2026, which would take total capacity to 10 GWh. Management says this would be the largest such facility in India.^[2][3]
Container production was targeted at 210 units in Q2 FY27, scaling to 140 - 150 units per month once the 10 GWh facility is operational from January 2027.^[3]
A PLI application has been filed for 4 GWh of indigenous battery cell manufacturing. Cell production is targeted approximately two years from mid-2026.^[3]
The company signed an OEM partnership with NEC XON to market grid-scale BESS in five African countries, and a partnership with Megmeet for AI data centre power infrastructure in India.^[3]
Management describes the next phase as deeper value-chain participation (EPC, BOO and lifecycle), broader applications and more localisation.^[2]

Recent developments

October 8, 2026: BSES Rajdhani LOI for 57.5 MW / 115 MWh of BESS at four grid stations on a 12-year BOOT. Contract value is Rs. 1,794 million, with annual capacity revenue of Rs. 27.1 crore.^[6]
September 21, 2026: subsidiary LPPL won an NTPC GE Power Services order for 5.015 MWh BESS containers, including a 12-year warranty and 5-year AMC, worth Rs. 4,884.61 million.^[8]

Market Cap

₹2,987 Cr

High / Low

₹230 / 140

Stock P/E

11.3

Price / Book

1.6

Book Value

₹102

EPS

₹13.8

No. of Shares

21.59 Cr

ROCE

15.1%

ROE

13.5%

OPM

18.2%

Debt / Equity

0.44

Sales

₹2,641 Cr

Net Profit

₹307 Cr

Promoter holding

69.5%

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