Business Overview

Pace Digitek Limited is an end-to-end integrated infrastructure platform with presence across telecom and energy infrastructure through manufacturing, EPC execution, and O&M capabilities.

Manufacturing Facilities

The company operates state-of-the-art manufacturing facilities in Karnataka, India:

  • Kumbalgodu (2 facilities): Telecom Power Systems, Li-ion Batteries, Telecom Components
  • Bidadi (1 facility): BESS Plant with 5 GWh p.a. capacity, with expansion to 10 GWh p.a. underway
  • Container fabrication unit under development
  • Installed Capacity: 2.5 GWh (expansion underway to 10 GWh)

Energy Segment Business Model

The company operates an integrated energy platform driving lifecycle value creation through:

  • Manufacturing → EPC → BOO (Annuity Model)
  • BESS Manufacturing Platform scaling from 2.5 → 5 → 10 GWh
  • EPC: Integrated execution platform with faster deployment using in-house systems
  • Asset Ownership: Long-term contracted revenue with lifecycle value capture (O&M + performance)

BESS Product Specifications

  • Containerized batteries with advanced liquid cooling for optimal storage efficiency
  • Modular rack design for easy installation, maintenance, and replacements
  • Extended lifecycle with up to 9,000 charging cycles
  • High round-trip efficiency (~93.5%)
  • Wide operating temperature range (-20°C to 55°C)
  • Low noise levels (<80 dB at 1m)
  • Independent auxiliary power distribution system
  • Comprehensive safety systems including protective alarms, fire suppression, thermal management

Order Book Status (as of May 25, 2026)

Total Order Book: Rs. 11,338 Cr

Energy Segment Order Book: Rs. 8,854 Cr

BOO Projects (50.1% of energy order book, 13-14% margin):
  • MESDCL: Standalone BESS, BOO, 1.02 GWh, Rs. 1,258 Cr
  • SECI: Solar + BESS, BOO, 0.10 GWh, Rs. 700 Cr
  • KPTCL: Standalone BESS, BOO, 0.50 GWh
  • KREDL: Solar + BESS, BOO, 1.10 GWh, Rs. 1,775 Cr
  • Total BOO: 2.72 GWh, Rs. 4,433 Cr
EPC Projects (49.8% of energy order book, 7-10% margin):
  • SECI: Standalone BESS, EPC, 1.20 GWh, Rs. 1,159 Cr
  • MAHAGENCO: Solar EPC, EPC, Rs. 920 Cr
  • NLC India: Standalone BESS, EPC, 0.50 GWh, Rs. 710 Cr
  • DVC: Standalone BESS, EPC, 0.50 GWh, Rs. 702 Cr
  • NTPC: Standalone BESS, EPC, 0.40 GWh, Rs. 584 Cr
  • Bondada Engineering: Solar BOS, EPC, Rs. 334 Cr
  • Total EPC: 2.60 GWh, Rs. 4,409 Cr
Supply Only:
  • Yaqin Chem: Standalone BESS, Supply, 0.0037 GWh, Rs. 12 Cr

Telecom & ICT Order Book: Rs. 2,484 Cr

EPC + O&M:
  • BSNL: Telecom Infra, EPC + O&M, Rs. 1,500 Cr
  • RNS: Telecom Infra, EPC + O&M, Rs. 115 Cr
  • TANFINET: OFC Network, EPC + O&M, Rs. 44 Cr
  • Total EPC + O&M: Rs. 1,659 Cr
EPC Only:
  • BSNL: OFC Network, EPC, Rs. 265 Cr
  • Railtel: ICT, EPC, Rs. 75 Cr
  • Indian Railways: Railway Kavach, EPC, Rs. 23 Cr
  • Total EPC: Rs. 362 Cr
Supply Only:
  • BSNL: Power Management, Supply, Rs. 56 Cr
  • Reliance: Power Management, Supply, Rs. 120 Cr
  • BSNL: Power Management, Supply, Rs. 80 Cr
  • Total Supply: Rs. 256 Cr
O&M Only:
  • Tata Teleservices: Telecom O&M, O&M, Rs. 192 Cr
Others:
  • Rs. 14 Cr

Financial Performance (Consolidated)

Q4 FY2026 Results:

  • Revenue from operations: Rs. 1,096.8 Cr (vs. Q4 FY2025: Rs. 683.3 Cr, +60.5% YoY; vs. Q3 FY2026: Rs. 644.0 Cr, +70.3% QoQ)
  • Gross profit: Rs. 249.1 Cr (vs. Q4 FY2025: Rs. 129.9 Cr, +91.7% YoY; vs. Q3 FY2026: Rs. 169.2 Cr, +47.3% QoQ)
  • Gross profit margin: 22.7% (vs. Q4 FY2025: 19.0%; vs. Q3 FY2026: 26.3%)
  • EBITDA: Rs. 163.2 Cr (vs. Q4 FY2025: Rs. 76.3 Cr, +114.0% YoY; vs. Q3 FY2026: Rs. 117.9 Cr, +38.4% QoQ)
  • EBITDA margin: 14.9% (vs. Q4 FY2025: 11.2%; vs. Q3 FY2026: 18.3%)
  • Profit before tax (PBT): Rs. 145.8 Cr (vs. Q4 FY2025: Rs. 75.2 Cr, +93.9% YoY; vs. Q3 FY2026: Rs. 114.3 Cr, +27.6% QoQ)
  • PBT margin: 13.1% (vs. Q4 FY2025: 10.9%; vs. Q3 FY2026: 17.5%)
  • Profit After Tax: Rs. 105.9 Cr (vs. Q4 FY2025: Rs. 56.3 Cr, +88.1% YoY; vs. Q3 FY2026: Rs. 78.8 Cr, +34.5% QoQ)
  • Profit After Tax Margin: 9.5% (vs. Q4 FY2025: 8.2%; vs. Q3 FY2026: 12.0%)

Full Year FY2026 Results:

  • Revenue from operations: Rs. 2,641.3 Cr (vs. FY2025: Rs. 2,438.8 Cr, +8.3% YoY)
  • Gross profit: Rs. 676.5 Cr (vs. FY2025: Rs. 715.3 Cr, -5.4% YoY)
  • Gross profit margin: 25.6% (vs. FY2025: 29.3%)
  • EBITDA: Rs. 455.2 Cr (vs. FY2025: Rs. 481.7 Cr, -5.5% YoY)
  • EBITDA margin: 17.2% (vs. FY2025: 19.8%)
  • Profit before tax (PBT): Rs. 429.5 Cr (vs. FY2025: Rs. 383.9 Cr, +11.9% YoY)
  • PBT margin: 16.0% (vs. FY2025: 15.6%)
  • Profit After Tax: Rs. 307.3 Cr (vs. FY2025: Rs. 279.1 Cr, +10.1% YoY)
  • Profit After Tax Margin: 11.4% (vs. FY2025: 11.3%)

Balance Sheet Summary (Consolidated, as of FY2026-end)

  • Other equity: Rs. 2,164.1 Cr (vs. previous: Rs. 1,134.2 Cr)
  • Non-controlling interest: Rs. 44.9 Cr (vs. previous: Rs. 39.1 Cr)
  • Total Equity: Rs. 2,252.2 Cr (vs. previous: Rs. 1,209.0 Cr)
  • Long term Borrowings: Rs. 606.7 Cr (vs. previous: Rs. 24.2 Cr)
  • Short Term Borrowings: Rs. 354.0 Cr (vs. previous: Rs. 136.5 Cr)
  • Total Debt: Rs. 960.7 Cr (vs. previous: Rs. 160.7 Cr)
  • Debt / Equity: 0.43x (vs. previous: 0.13x)
  • Cash and Bank Balances: Rs. 769.1 Cr (vs. previous: Rs. 216.4 Cr)
  • Net Debt: Rs. 191.6 Cr
  • Net Debt / Equity: 0.09x
  • ROE: 13.6% (vs. previous: 23.1%)
  • ROCE: 14.3% (vs. previous: 37.9%)

Capital Deployment

  • Rs. 417.3 Cr of IPO proceeds deployed towards MSEDCL BESS project capex as of FY2026-end
  • Remaining funds planned for utilization during FY2027

Strategic Initiatives Going Forward

1. BESS Manufacturing Expansion: Expanding capacity from 5 GWh to 10 GWh with backward integration for container fabrication

2. Renewable Energy Platform: Creating a platform for asset holding and project development for renewable projects

3. Telecom Business Expansion: Enhancing execution scale across ongoing and repeat telecom deployments

4. International Market Presence: Expanding presence in Saudi Arabia, Kenya and other African markets for telecom infrastructure and BESS solutions

Competitive Strengths

  • Integrated Infrastructure Platform spanning Manufacturing + EPC + O&M
  • Early Mover in BESS with Execution Track Record
  • Backward-Integrated Manufacturing with cost control advantages
  • Strong Order Book of Rs. 11,338 Cr providing high earnings visibility
  • Longstanding Client Relationships with leading telecom operators and public-sector entities
  • Pan-India Execution with Select International Presence