Pitti Engineering Ltd
Pitti Engg. is engaged in the manufacturing of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors, Press Tools and machining of metal components.
- Market Cap ₹ 4,686 Cr.
- Current Price ₹ 1,322
- High / Low ₹ 1,448 / 580
- Stock P/E 48.8
- Book Value ₹ 130
- Dividend Yield 0.11 %
- ROCE 20.1 %
- ROE 24.2 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 29.8% CAGR over last 5 years
Cons
- Stock is trading at 10.2 times its book value
- Promoter holding has decreased over last quarter: -5.70%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
305 | 245 | 335 | 308 | 283 | 379 | 622 | 525 | 518 | 954 | 1,100 | 1,202 | 1,263 | |
264 | 212 | 295 | 289 | 250 | 323 | 530 | 447 | 439 | 821 | 948 | 1,023 | 1,073 | |
Operating Profit | 41 | 33 | 41 | 19 | 34 | 55 | 92 | 78 | 80 | 133 | 152 | 179 | 190 |
OPM % | 13% | 13% | 12% | 6% | 12% | 15% | 15% | 15% | 15% | 14% | 14% | 15% | 15% |
1 | 2 | 2 | 2 | 3 | 2 | 1 | 4 | 19 | 16 | 17 | 47 | 51 | |
Interest | 18 | 19 | 11 | 17 | 15 | 23 | 30 | 34 | 30 | 40 | 45 | 50 | 55 |
Depreciation | 8 | 9 | 16 | 15 | 16 | 18 | 22 | 27 | 30 | 39 | 45 | 54 | 56 |
Profit before tax | 16 | 7 | 15 | -11 | 5 | 16 | 40 | 20 | 39 | 71 | 80 | 122 | 130 |
Tax % | 38% | 38% | 38% | -16% | 16% | 31% | 41% | 14% | 25% | 26% | 26% | 26% | |
10 | 4 | 9 | -10 | 4 | 11 | 24 | 17 | 29 | 52 | 59 | 90 | 96 | |
EPS in Rs | 3.65 | 1.56 | 3.46 | -3.54 | 1.60 | 3.78 | 7.95 | 5.34 | 8.98 | 16.19 | 18.36 | 28.14 | 29.94 |
Dividend Payout % | 14% | 32% | 29% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 15% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 14% |
3 Years: | 32% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 30% |
3 Years: | 45% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | 45% |
5 Years: | 99% |
3 Years: | 109% |
1 Year: | 120% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 18% |
3 Years: | 21% |
Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 16 |
Reserves | 95 | 98 | 104 | 93 | 99 | 135 | 156 | 192 | 220 | 268 | 318 | 400 |
150 | 121 | 143 | 174 | 181 | 256 | 247 | 245 | 317 | 393 | 356 | 616 | |
64 | 76 | 107 | 81 | 117 | 144 | 166 | 143 | 148 | 280 | 287 | 298 | |
Total Liabilities | 322 | 309 | 368 | 362 | 410 | 549 | 584 | 596 | 701 | 956 | 978 | 1,330 |
84 | 87 | 87 | 76 | 94 | 201 | 227 | 247 | 285 | 327 | 364 | 422 | |
CWIP | 1 | 6 | 10 | 12 | 31 | 9 | 5 | 8 | 1 | 1 | 24 | 118 |
Investments | 4 | 4 | 16 | 16 | 17 | 17 | 16 | 16 | 16 | 16 | 15 | 15 |
233 | 211 | 255 | 258 | 268 | 321 | 336 | 324 | 399 | 613 | 574 | 774 | |
Total Assets | 322 | 309 | 368 | 362 | 410 | 549 | 584 | 596 | 701 | 956 | 978 | 1,330 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
44 | 34 | 45 | -7 | 73 | 28 | 71 | 69 | 34 | 88 | 223 | 74 | |
-12 | -17 | -20 | -7 | -56 | -113 | -46 | -46 | -66 | -93 | -104 | -236 | |
-36 | -14 | -20 | 14 | -20 | 86 | -26 | -21 | 28 | 12 | -87 | 198 | |
Net Cash Flow | -5 | 3 | 6 | -0 | -4 | 1 | -2 | 3 | -4 | 7 | 32 | 36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 106 | 96 | 112 | 133 | 116 | 132 | 107 | 97 | 121 | 78 | 60 | 64 |
Inventory Days | 185 | 231 | 173 | 211 | 262 | 191 | 85 | 134 | 171 | 147 | 112 | 122 |
Days Payable | 80 | 136 | 139 | 120 | 219 | 160 | 88 | 102 | 115 | 119 | 117 | 103 |
Cash Conversion Cycle | 211 | 192 | 146 | 224 | 159 | 163 | 104 | 128 | 178 | 106 | 55 | 83 |
Working Capital Days | 196 | 190 | 141 | 183 | 141 | 152 | 99 | 121 | 176 | 111 | 68 | 97 |
ROCE % | 14% | 11% | 11% | 2% | 7% | 12% | 17% | 12% | 14% | 18% | 18% | 20% |
Documents
Announcements
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Closure of Trading Window
1d - Closure of trading window from 30th September 2024.
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Announcement under Regulation 30 (LODR)-Change in Directorate
21 Sep - Cessation of Independent Directors after term completion.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 20 Sep
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 20 Sep
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Submission Of Pitti Engineering Limited - ESOP Trust Deed Under Regulation 3(3) Of SEBI (Share Based Employee Benefits And Sweat Equity) Regulations 2021
6 Sep - Submission of ESOP Trust Deed under SEBI regulations.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from web
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Financial Year 2023
from web
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
Concalls
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Aug 2024Transcript PPT
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Aug 2024TranscriptPPT
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May 2024Transcript PPT
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Mar 2024TranscriptPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
Products Portfolio
The product portfolio of the co. includes Sheet Metal used in 20+ end user industries , Precision Machining used for complex machining parts, & Assemblies. And the products under developments are Fabricated Assembles and Machining for Mining applications for Dumper Trucks (Wheel Hub, Support Seals, Flywheel), Die cast rotors & Wind Generator products for more than 6 MW and off-shore machines and EV motors for HT applications. [1]