Positron Energy Limited initially focused on providing Management and Technical Advisory Services to the Oil and Gas Industry for its first 11 years. In the fiscal year 2018-19, the company expanded into the Coal Bed Methane (CBM) gas aggregation business, supplying CBM gas to industrial units. By July 2022, Positron Energy Limited had further diversified into Natural Gas aggregation due to increasing demand from industrial clients.
The company was founded by Mr. Rajiv Menon, Mr. Manav Bahri, and Mr. Sujit K Sugathan, who together bring over 45 years of experience in the Gas and Oil Industry. Their expertise and forward-thinking approach have been crucial to the company’s growth.
Positron Energy Limited provides end-to-end gas distribution solutions to industries across India, including commercial and financial advisory, technical services, project management, and operations and maintenance (O&M) services. The company has developed a significant natural gas aggregation business, handling around 35 MMSCM of gas. Positron Energy’s reliability and competence are affirmed by its technical qualifications and widespread empanelment with industrial customers. The company’s gas distribution network utilises pipelines operated by major public and private sector players in India.
Certified under ISO 9001:2015 and ISO 45001:2018, Positron Energy Limited prides itself on delivering projects from conceptualisation to completion with a focus on risk mitigation and return on investment. The company has provided services to prominent companies in the Oil and Gas sector, both public and private, and has built a strong presence and expertise in the industry.
Positron Energy Limited is a client member of the Indian Gas Exchange (IGX), allowing it to source natural gas on demand and manage excess supply flexibly. The company handles a daily gas volume of 4000-5000 MMBTU from various sources through long-term contracts. Additionally, Positron Energy Limited has collaborated with ICOM North America LLC to introduce ICOM Dual Fuel LNG conversion systems for trucks in India, aiming to reduce emissions and enhance cost-effective operations.
Industry Outlook:
- India's oil consumption is projected to rise from 4.05 MBPD (Multiple bacterial pathogen detection) in FY22 to 7.2 MBPD by 2030, highlighting a significant increase in energy demand due to economic growth and urbanisation.
- The sector is expected to attract substantial investment, with US$25 billion projected for exploration and production by 2022 and numerous foreign and domestic investors already active in the market.
- The Indian government has implemented policies to boost the sector, including 100% FDI in various segments and a revised Biofuel Policy to increase ethanol blending, fostering a conducive environment for growth.
Positron Energy Limited IPO Objectives
The funds raised from the issue will be allocated for the following purposes:
- The primary objective is to ensure ₹3,820 lakh to support day-to-day business operations.
- The remaining proceeds will be utilised for various general corporate expenses.
Peer Details
Positron Energy Limited lacks listed industry peers in India, making it challenging to benchmark and evaluate its financial performance against other operators in the same industry.
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Contact Details of Positron Energy Limited IPO
- Registered office: Office No. 3, IT Tower-2, Ground Floor Infocity, Sector-7, Gandhinagar, Gujarat-382007
- Phone: +91 63537 65381
- E-mail: secretarial@positron-india.com
IPO Financials
| Particulars | For the year ended 31 March 2023 | For the year ended 31 March 2022 |
|---|---|---|
| Revenue From Operations (in ₹ lakh) | 5,142.64 | 869.04 |
| Net worth (in ₹ lakh) | 566.87 | 354.45 |
| Profit After Tax (PAT) (in ₹ lakh) | 212.80 | 57.98 |
| Cash & Cash Equivalents (in ₹ lakh) | 753.64 | 380.87 |
| Return on Net Worth (%) | 37.54 | 16.36 |
| EBITDA (in ₹ lakh) | 299.74 | 88.97 |
| Return on Equity (%) | 0.46 | 0.17 |
| Operating Cash Flows (₹ in lakh) | 99.09 | (69.17) |
Know before investing
Strengths
6Positron Energy Limited offers innovative, tailored solutions in the Oil and Gas sector.
The company adapts well to the changing gas pricing and diversifies market strategies.
Positron Energy embraces government reforms and contributes to India's energy transformation.
The company has a diversified portfolio, including gas distribution and new product development.
Positron Energy has successfully developed a gas aggregation business volume of 35 MMSCM.
The company has secured business with the Indian Gas Exchange for flexible sourcing.
Risks
6Positron Energy Limited faces outstanding litigation that could impact its business and reputation.
The company has significant working capital requirements and may struggle to raise additional capital.
Relocation risks exist as Positron Energy Limited does not own its registered office.
The company had negative cash flow from operating activities in recent years, affecting financial stability.
Dependence on third-party gas suppliers could disrupt natural gas supply, impacting operations.
Positron Energy Limited relies heavily on a few customers, and losing any could harm revenues and profitability.
