Prostarm Info Systems Ltd

Prostarm Info Systems: ₹1,100 Cr Order Book & BESS Expansion ⚡📈

- Order book stands at ~₹1,100 crore as of September 2025.

- Diversified into Battery Energy Storage Systems (BESS) with ~₹890 crore order book.

- Experienced promoters with 15+ years in power solutions industry.

- Reputed clients include Tata Group, Adani Group, and RBI.

- FY25 Total Operating Income (TOI): ₹350.90 crore; PAT: ₹28.85 crore.

- PBILDT margin at 13.13% in FY25.

- Overall gearing comfortable at 0.66x (March 2025).

- High working capital intensity (GCA days: 217).

- Negative CFO (-₹3.79 crore) due to working capital pressures.

- Modest scale of operations (FY25 TOI: ₹350.90 crore).

- Rating sensitivity: Upgrade possible if TOI exceeds ₹750 crore or PBILDT margin >14%; downgrade risk if TOI falls below ₹300 crore or PBILDT margin <10%.

- Outlook is 'Stable', expecting stable profitability and order book execution over 18-24 months.