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PACEDIGITK - Pace Digitek

📊 NSE: PACEDIGITK 🏢 Telecom - Infrastructure 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Pace Digitek to Attend Arihant Capital's Bharat Connect Conference on March 18, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Mar 2026, 04:32 PM

Pace Digitek Limited has scheduled a virtual group meeting with institutional investors and analysts on March 18, 2026. The interaction is part of the 'Bharat Connect Conference: Rising Stars' organized by Arihant Capital Markets Limited. The session is scheduled to take place from 2:00 PM to 3:00 PM. The company has clarified that no unpublished price-sensitive information (UPSI) will be shared during this interaction, and discussions will be based on publicly available data.

Virtual group meeting scheduled for March 18, 2026, from 2:00 PM to 3:00 PM.
Participation in the 'Bharat Connect Conference: Rising Stars' hosted by Arihant Capital Markets.
Interaction will involve company officials discussing latest publicly available documents.
Compliance with SEBI (LODR) Regulations, 2015, ensuring no UPSI is shared.

💡 No immediate action is required as this is a routine investor engagement. Investors may look for any post-event presentations or transcripts filed with the exchanges for insights into management's outlook.

Pace Digitek Limited Schedules Investor and Analyst Plant Visit on March 20, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Mar 2026, 11:52 AM

Pace Digitek Limited has announced a group plant visit for investors and analysts scheduled for March 20, 2026, in Bangalore. The visit will take place at the Lineage Power Systems facility starting at 9:00 AM. This physical interaction is intended to provide institutional stakeholders with insights into the company's operational infrastructure. The company has explicitly stated that no unpublished price-sensitive information (UPSI) will be shared during the session, adhering to SEBI transparency regulations.

Plant visit for investors and analysts scheduled for March 20, 2026, from 9:00 AM onwards.
The interaction will be conducted on a group basis in physical mode at the Bidadi Industrial Area facility.
Company officials will rely solely on publicly available documents for all discussions.
The event is a routine disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should look for any post-visit presentations or summary disclosures on the stock exchange for potential operational insights. No immediate action is required as this is a routine investor relations activity.

Pace Digitek Announces Resignation of ICT Head Sathya Seelan T Effective March 6, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 04 Mar 2026, 04:21 PM

Pace Digitek Limited has announced the resignation of Mr. Sathya Seelan T, who served as the Head of ICT – Technical & Operations. The resignation was tendered on March 04, 2026, and will take effect from the close of business hours on March 06, 2026. The company stated that the departure is due to personal reasons. This change in Senior Management Personnel (SMP) will be formally noted in the company's upcoming Board Meeting.

Mr. Sathya Seelan T resigned from his role as Head – ICT – Technical & Operations on March 04, 2026.
The resignation becomes effective from the close of business hours on March 06, 2026.
The official reason provided for the resignation is personal reasons.
The company will record the resignation in its next scheduled Board Meeting.

💡 Investors should monitor for the announcement of a successor to ensure there is no disruption in the company's ICT and technical operations. No immediate portfolio action is required based on this routine management change.

Pace Digitek Subsidiary Bags ₹1,587.1 Million Order from Reliance Industries

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 24 Feb 2026, 12:31 PM

Pace Digitek's material subsidiary, Lineage Power, has secured a significant purchase order worth ₹1,587.10 million from Reliance Industries Limited. The contract involves the supply of 50,000 high-capacity lithium-ion battery packs specifically designed for telecom backup support. This order strengthens the company's position in the energy infrastructure segment and contributes to its massive consolidated order book of ₹104,906 million. The move highlights a strategic shift towards product-led revenue alongside their existing EPC and infrastructure projects.

Received a purchase order worth ₹1,587.10 million (including GST) from Reliance Industries Limited.
Order involves the supply of 50,000 units of 48V 15S1P 314AH Lithium-Ion battery packs.
Consolidated order book of Pace Digitek Limited now stands at approximately ₹104,906 million.
The order will be executed by material subsidiary Lineage Power Pvt Ltd, focusing on advanced power management solutions.

💡 Investors should take note of the company's ability to secure high-volume orders from blue-chip clients like Reliance, which validates its manufacturing scale. The massive order book provides strong revenue visibility for the coming quarters.

Pace Digitek Subsidiary Bags ₹1,587.10 Million Order from Reliance Industries

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 23 Feb 2026, 07:01 PM

Pace Digitek Limited's material subsidiary, Lineage Power Private Limited, has secured a significant purchase order from Reliance Industries Limited. The contract is valued at ₹1,587.10 million (including GST) for the supply of Li-ion battery packs. The order is scheduled to be fully executed by August 31, 2026, providing strong revenue visibility for the upcoming fiscal periods. This win from a major domestic conglomerate underscores the company's competitive positioning in the energy storage and battery technology space.

Order worth ₹1,587.10 million (including GST) awarded to material subsidiary Lineage Power Private Limited.
Contract involves the supply of Li-ion 48V 15S1P 314 AH battery packs to Reliance Industries Limited.
Execution timeline is set for completion by August 31, 2026.
The order is from a domestic entity and does not involve any related party transactions.

💡 Investors should monitor the company's execution capabilities and the impact of this large-scale order on its profit margins. The association with a Tier-1 client like Reliance is a strong positive signal for future business development.

Pace Digitek Bags ₹891 Million Order from RailTel for Railway Surveillance Systems

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 20 Feb 2026, 11:59 AM

Pace Digitek Limited has secured an Advance Letter of Authorization from RailTel worth ₹890.69 million for IP-based Video Surveillance Systems in LHB coaches. This marks the company's strategic entry into the railway rolling stock surveillance segment, expanding its ICT infrastructure footprint. The project includes supply, installation, and a 5-year maintenance contract, ensuring long-term revenue visibility. Following this win, the company's total order book stands at a robust ₹103,319 million across Telecom and Energy sectors.

Order valued at ₹890.69 million for IP-based Video Surveillance Systems (VSS) in LHB coaches.
First order in the railway sector, diversifying the company's ICT and Telecom portfolio.
Total order book reaches ₹103,319 million, with ₹25,527 million specifically in Telecom & ICT.
Contract includes a 3-year warranty and a 5-year Comprehensive Annual Maintenance Contract (CAMC).

💡 This entry into the railway sector is a positive growth catalyst; investors should monitor the company's ability to secure larger contracts in this high-margin segment.

Pace Digitek Secures Rs 890.69 Million Order from RailTel for Video Surveillance

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 19 Feb 2026, 05:02 PM

Pace Digitek Limited has received an Advance Letter of Award from RailTel Corporation of India Limited for a project valued at Rs 890.69 million. The contract entails the supply, installation, and commissioning of IP-based video surveillance systems in LHB coaches. The project is scheduled for completion within 8 months, followed by a 3-year warranty and a 5-year maintenance period. This domestic order highlights the company's growing footprint in the railway technology sector.

Total contract value is Rs 890.69 million including GST
Awarded by RailTel Corporation of India Limited for LHB coach surveillance
Execution timeline is strictly set at 8 months from the Letter of Award
Contract includes a long-term 5-year Comprehensive Annual Maintenance Contract (CAMC)

💡 This is a positive development for the company's order book and revenue visibility. Investors should track the timely execution of the project and its impact on margins in upcoming quarters.

Pace Digitek Subsidiary Bags USD 1.35 Million International Order for BESS Units

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 18 Feb 2026, 04:35 PM

Pace Digitek Limited's material subsidiary, Lineage Power Private Limited, has secured a significant international order from Yaqin Chem valued at USD 1,346,210. The contract involves the supply of four Mobile Battery Energy Storage Systems (BESS) mounted on Gooseneck Trailers. Specifically, the order consists of two 1200 KWH units and two 2500 KWH units, all with 200 KW power capacity. The project is slated for completion by April 2026, providing clear short-term revenue visibility for the company.

Total order value stands at USD 1,346,210 from international client Yaqin Chem.
Order involves 4 units of Mobile Battery Energy Storage Systems (BESS) with capacities up to 2500 KWH.
Execution timeline is tight, with delivery scheduled to be completed by April 2026.
The contract is awarded to Lineage Power Private Limited, a material subsidiary of Pace Digitek.

💡 Investors should view this as a positive development for Pace Digitek's energy storage business and monitor the subsidiary's ability to scale international operations. The short execution cycle suggests immediate impact on the upcoming fiscal year's performance.

Pace Digitek to Participate in Ambit GPC UPNEXT 2026 Conference on February 17

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Feb 2026, 01:21 PM

Pace Digitek Limited has scheduled an institutional investor meeting on February 17, 2026, as part of the Ambit GPC UPNEXT 2026 Conference. The interaction will take place in Mumbai and will include both group and one-on-one in-person sessions. The engagement is scheduled for a full day, running from 9:30 AM to 7:00 PM IST. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these interactions.

Investor meeting scheduled for February 17, 2026, at the Ambit GPC UPNEXT 2026 Conference.
Interaction format includes both Group and One-on-One in-person meetings in Mumbai.
The engagement is scheduled for a full day from 9:30 AM to 7:00 PM IST.
Company confirms that no unpublished price sensitive information will be disclosed.

💡 No immediate action is required as this is a routine investor relations update. Investors should monitor for any subsequent investor presentations or transcripts that may be released after the conference.

Pace Digitek Secures Rs. 17,750 Million Solar + BESS Project; Order Book Crosses Rs. 100 Billion

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 11 Feb 2026, 07:14 PM

Pace Digitek Limited has secured a massive Rs. 17,750 million order from KREDL for a 250 MW Solar and 1.1 GWh Battery Energy Storage System (BESS) project in Karnataka. This win pushes the company's total consolidated order book to over Rs. 102,428 million, with the energy segment contributing nearly 76% of the total. The project features an interim tariff of Rs. 5.51 per unit and is expected to be completed within 18 months. This contract significantly strengthens the company's position in the high-growth BESS market, where its total portfolio now exceeds 5 GWh.

Secured a Letter of Award worth Rs. 17,750 million for a 250 MW Solar + 1.1 GWh BESS project
Total consolidated order book reaches Rs. 102,428 million, with Rs. 77,792 million in the Energy segment
Project timeline for Commercial Operation Date (COD) is 18 months from PPA signing
Interim tariff set at Rs. 5.51 per unit with Viability Gap Funding (VGF) for a 25-year tenure
Total BESS order book portfolio now exceeds 5 GWh, highlighting leadership in energy storage

💡 Investors should view this as a strong growth signal, given the massive order book visibility and the company's focus on the high-margin BESS segment. Monitor the execution timeline over the next 18 months to ensure project milestones are met.

Pace Digitek Rectifies EPS Reporting Discrepancy in Q2 FY26 XBRL Filing

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 10 Feb 2026, 10:24 PM

Pace Digitek Limited has clarified a reporting discrepancy flagged by the National Stock Exchange regarding its financial results for the quarter ended September 30, 2025. The exchange noted a mismatch in the Earnings Per Share (EPS) figures between the company's XBRL filing and its PDF submission. The company stated the error was a typographical mistake in the XBRL file and confirmed that the PDF figures approved by the Board were accurate. A revised XBRL file was re-uploaded on January 14, 2026, to resolve the inconsistency.

NSE sought clarification on EPS data mismatch in Consolidated Financial Results for the quarter ended Sept 2025
Company identified the discrepancy as an inadvertent typographical error in the XBRL submission
Management confirmed that the PDF filing contained the correct Board-approved figures
Revised XBRL file was re-uploaded on the Neaps online portal on January 14, 2026
Company has strengthened internal controls to prevent future reporting discrepancies

💡 Investors should note that this was a clerical error rather than a fundamental change in financial performance. No action is required as the reporting discrepancy has been rectified.

Pace Digitek Secures Rs 17,750 Million Solar and BESS Project from KREDL

🟢 POSITIVE ⭐ 9/10

EXPANSION 📅 10 Feb 2026, 07:21 PM

Pace Digitek Limited has been awarded a major contract by Karnataka Renewable Energy Development Limited (KREDL) valued at approximately Rs 17,750 million. The project entails the development of a 250 MWAC Solar PV plant along with a 250 MW/1100 MWh Battery Energy Storage System (BESS) at Pavagada Solar Park. The project is to be executed within 18 months of signing the PPA and includes a 25-year operation period. The power will be supplied at a tariff of Rs 5.51 per unit, ensuring long-term revenue stability.

Total project cost estimated at Rs 17,750 million including GST
Includes 250 MWAC Solar PV and 250 MW/1100 MWh Battery Energy Storage System
Execution timeline of 18 months from PPA signing
Tariff fixed at Rs 5.51 per unit for a 25-year operational period

💡 This massive order provides significant revenue visibility and marks a major milestone in the company's growth in the renewable energy sector. Investors should monitor the company's execution progress over the next 18 months and the subsequent impact on its balance sheet.

Pace Digitek Releases Audio Recording of Q3 FY26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Feb 2026, 05:56 PM

Pace Digitek Limited has released the audio recording of its earnings conference call held on February 09, 2026. The call focused on the company's unaudited financial results for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a mandatory regulatory requirement under SEBI Listing Obligations and Disclosure Requirements. Investors can access the full recording via the company's website to understand management's perspective on recent performance.

Earnings call conducted on February 09, 2026, at 11:00 AM IST
Covers financial performance for Q3 and the nine months ended December 31, 2025
Recording made available on the official company website as per SEBI Regulation 46(2)(oa)
Direct link provided for investor access to management commentary and Q&A session

💡 Investors should listen to the audio recording to gain deeper insights into the company's operational performance and future guidance provided by the management. This is particularly useful for understanding the context behind the Q3 financial figures.

Pace Digitek Q3 FY26: PAT Up 11.3% YoY to ₹788 Mn; Order Book Reaches ₹84,678 Mn

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Feb 2026, 05:43 PM

Pace Digitek reported a steady Q3 FY26 with revenue growing 13.5% YoY to ₹6,440 million and PAT increasing 11.3% YoY to ₹788 million. While EBITDA margins contracted to 18.3% from 21.4% YoY due to inter-company profit eliminations, the company saw strong sequential revenue growth of 20.7%. The order book remains robust at ₹84,678 million, providing multi-year revenue visibility. Furthermore, the company is aggressively expanding its BESS manufacturing capacity, targeting 10 GWh by Q4 FY2027.

Revenue from operations grew 13.5% YoY to ₹6,440 million in Q3 FY26.
Profit After Tax (PAT) increased by 11.3% YoY to ₹788 million with a 12.2% margin.
Total order book stands at a significant ₹84,678 million as of January 31, 2026.
Secured new order inflows of ₹31,287 million post-Q2 FY26 across Energy and Telecom segments.
BESS manufacturing capacity expansion to 10 GWh is on track, with 2.5 GWh addition expected by Q4 FY26.

💡 Investors should take note of the massive order book which provides high revenue visibility; the key will be the timely execution of BESS capacity expansions. Monitor if the EBITDA margins recover as the company scales its backward integration initiatives.

Pace Digitek Q3 Revenue Up 13.5% YoY to ₹6,440 Mn; Order Book Hits ₹84,678 Mn

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 11:32 PM

Pace Digitek Limited reported a strong Q3 FY2026 with consolidated revenue rising 13.5% YoY to ₹6,440 Mn and Profit After Tax (PAT) increasing 11.3% to ₹788 Mn. The company's total order book has reached a significant ₹84,678 Mn as of January 31, 2026, supported by ₹31,287 Mn in new order wins post-Q2. The Energy vertical is emerging as a primary driver, holding ₹60,042 Mn of the order book, with a strategic shift toward high-value Build-Own-Operate (BOO) projects. Additionally, the company is aggressively expanding its BESS manufacturing capacity from 2.5 GWh to 10 GWh to capitalize on India's energy transition.

Consolidated revenue grew 13.5% YoY to ₹6,440 Mn; Standalone PAT surged 39.1% YoY to ₹933 Mn.
Total order book stands at ₹84,678 Mn, with the Energy vertical contributing ₹60,042 Mn (71% of total).
Secured major BOO projects from MSEDCL (₹18,500 Mn) and SECI (₹7,000 Mn) for BESS and Solar.
BESS manufacturing capacity expansion from 2.5 GWh to 10 GWh is currently in progress at the Bidadi facility.
Operational milestones include 1,891 km of OFC deployed and 428 new telecom towers erected in Q3 FY26.

💡 Investors should focus on the company's successful pivot into the high-growth BESS and renewable energy sectors, backed by a massive order book. Monitor the execution timelines of the BOO projects and the commissioning of the 10 GWh manufacturing capacity as these will be the primary catalysts for future margin expansion.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for H1 FY26 reached INR 900.52 Cr. Q2 FY26 revenue grew 45% Q-o-Q to INR 533.45 Cr, driven by strong execution in the energy and telecom segments. FY25 revenue was INR 2,438.78 Cr, a slight decline from FY24's INR 2,512.51 Cr, but momentum has shifted upward in FY26 due to a robust order book of INR 9,135 Cr.

Geographic Revenue Split

Not specifically disclosed by percentage, though operations are focused on India with major projects like the MSEDCL BESS in Maharashtra and BSNL 4G saturation projects across various circles.

Profitability Margins

H1 FY26 PAT margin stood at 13.61%, an improvement from 12.79% in H1 FY25. FY25 PAT margin was 11.48% compared to 9.67% in FY24. The company expects PAT margins to stabilize at 11.5% for the full year FY26 as higher-margin milestones are completed.

EBITDA Margin

Consolidated operating margin improved to 19.87% in FY25 from 16.76% in FY24. Blended EBITDA margins are expected to reach 25-30% as the high-margin annuity business (80-85% EBITDA) begins to contribute more significantly in FY27.

Capital Expenditure

The company is doubling its manufacturing capacity from 5 GWh to 10 GWh. It also plans to avail debt of approximately INR 1,200 Cr (including VGF) for the MSEDCL BESS project, which has a total estimated cost of INR 1,851 Cr.

Credit Rating & Borrowing

Crisil Ratings has a 'Stable' outlook. Interest coverage is projected to exceed 15 times for FY26, a substantial improvement from 4.21 times in FY25, following the repayment of a INR 250 Cr intercorporate loan and equity infusion from the INR 819 Cr IPO.

⚙️ Operational Drivers

Raw Materials

Key components include DC blocks, battery cells, and containerized BESS components. Backward integration is being pursued to control product design and reduce the cost of DC blocks, which are critical for energy storage systems.

Import Sources

The company is actively working to reduce reliance on foreign imports (primarily from China/East Asia) to mitigate cost volatility and duty uncertainty, though specific current source countries are not named.

Key Suppliers

Not disclosed in available documents; however, the company is moving toward backward integration to manufacture more components in-house.

Capacity Expansion

Current installed capacity is 5 GWh, with a planned expansion to 10 GWh to support the growing BESS order book and 'Make in India' initiatives.

Raw Material Costs

Raw material costs are subject to volatility from foreign imports and duties. The company targets a product margin of 15-18% by optimizing the cost of DC blocks and increasing local value addition.

Manufacturing Efficiency

The company achieved a healthy RoCE of 43% for FY25, reflecting high efficiency in capital utilization despite the EPC nature of the business.

📈 Strategic Growth

Expected Growth Rate

18-20%

Growth Strategy

Growth will be achieved by converting the INR 9,135 Cr order book into revenue, specifically targeting INR 2,600-2,700 Cr in FY26 and INR 3,100-3,200 Cr in FY27. The strategy includes a shift toward a developer model (Build-Own-Operate) for BESS, providing 12 years of annuity revenue (INR 500 Cr/year) and doubling manufacturing capacity to 10 GWh.

Products & Services

Battery Energy Storage Systems (BESS), telecom infrastructure (tower erection), and Operation & Maintenance (O&M) services for energy and telecom sectors.

Brand Portfolio

Pace Digitek, Lineage Power (subsidiary).

New Products/Services

Containerized BESS solutions and a developer model for energy storage expected to provide an EBITDA of INR 120 Cr from specific projects.

Market Expansion

Expansion is focused on the Indian energy transition market, specifically targeting large-scale utility projects through SECI and state electricity boards like MSEDCL.

Market Share & Ranking

The company holds a significant position in the Indian BESS market, having secured India's largest single-location containerized BESS project (1,159 Cr).

Strategic Alliances

Partnerships with SECI (INR 1,159 Cr contract) and Tata Teleservices (INR 186 Cr O&M agreement).

🌍 External Factors

Industry Trends

The industry is shifting toward renewable energy integration requiring BESS. The BESS market is growing rapidly, and Pace Digitek is positioning itself as a developer rather than just an EPC player to capture long-term annuity revenue.

Competitive Landscape

Intense competition in tender-based EPC work, requiring aggressive bidding which can restrict operating margins.

Competitive Moat

Moat is built on 'Make in India' policy preferences in government tenders, backward integration in BESS design, and a large order book providing revenue visibility for 3-4 years.

Macro Economic Sensitivity

Highly sensitive to India's energy transition policies and telecom infrastructure spending (e.g., USOF-funded projects).

Consumer Behavior

Shift toward green energy and reliable power storage is increasing demand for utility-scale BESS.

Geopolitical Risks

Trade barriers or duty changes on battery components from foreign markets could impact the cost structure of the BESS segment.

⚖️ Regulatory & Governance

Industry Regulations

Preference in government tenders for local value addition under 'Make in India' policies; projects are often funded by the Universal Service Obligation Fund (USOF).

Environmental Compliance

The company's core business in BESS supports national decarbonization goals, making it eligible for Viability Gap Funding (VGF).

⚠️ Risk Analysis

Key Uncertainties

Execution risk for the MSEDCL BESS project (likely completion by FY27) and the risk of margin compression due to aggressive bidding in tenders.

Geographic Concentration Risk

Concentrated in India, with significant project-specific concentration in Maharashtra (MSEDCL).

Third Party Dependencies

Dependency on government bodies (SECI, MSEDCL) for timely payments and VGF disbursements.

Technology Obsolescence Risk

The BESS field is evolving; the company mitigates this by strengthening control over product design and backward integration.

Credit & Counterparty Risk

Exposure to state-owned discoms and government agencies; however, these are generally considered strong counterparties.

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