Pitti Engineering Ltd

Pitti Engg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pitti Engineering Ltd

₹ 1,051 1.07%
03 Jul 11:14 a.m.
pitti.in BSE: 513519 NSE: PITTIENG
About

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.

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 3,369 Cr.
  • Current Price ₹ 1,051
  • High / Low ₹ 1,058 / 364
  • Stock P/E 37.4
  • Book Value ₹ 130
  • Dividend Yield 0.26 %
  • ROCE 20.0 %
  • ROE 24.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 29.6% CAGR over last 5 years

Cons

  • Stock is trading at 8.14 times its book value

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
170 175 242 265 271 311 304 238 248 290 290 294 328
144 147 207 231 236 275 268 199 207 247 248 250 279
Operating Profit 27 28 35 34 35 35 37 39 41 42 43 44 49
OPM % 16% 16% 14% 13% 13% 11% 12% 16% 16% 15% 15% 15% 15%
19 0 0 1 15 1 0 1 16 1 13 3 31
Interest 9 9 8 10 12 11 12 12 10 12 11 14 14
Depreciation 8 9 9 9 11 10 11 11 13 13 12 15 14
Profit before tax 28 10 18 16 27 15 14 17 34 19 32 19 52
Tax % 25% 28% 26% 26% 27% 22% 29% 28% 26% 25% 29% 31% 23%
21 7 13 12 20 12 10 12 25 14 23 13 40
EPS in Rs 6.62 2.30 4.10 3.62 6.17 3.65 3.17 3.78 7.75 4.36 7.04 4.16 12.59
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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
305 245 335 308 283 379 622 525 518 954 1,100 1,202
264 212 295 289 250 323 530 447 439 821 949 1,024
Operating Profit 41 33 41 19 34 55 92 78 80 133 151 178
OPM % 13% 13% 12% 6% 12% 15% 15% 15% 15% 14% 14% 15%
1 2 2 2 3 2 1 4 19 16 18 48
Interest 18 19 11 17 15 23 30 34 30 40 45 50
Depreciation 8 9 16 15 16 18 22 27 30 39 45 54
Profit before tax 16 7 15 -11 5 16 40 20 39 71 80 122
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
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
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: 9%
Compounded Profit Growth
10 Years: 36%
5 Years: 30%
3 Years: 44%
TTM: 54%
Stock Price CAGR
10 Years: 42%
5 Years: 85%
3 Years: 96%
1 Year: 177%
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 88 222 74
-12 -17 -20 -7 -56 -113 -46 -46 -66 -93 -104 -236
-36 -14 -20 14 -20 86 -26 -21 28 12 -86 198
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.28% 59.28% 59.28% 59.28% 59.28% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29%
0.05% 0.12% 0.30% 0.02% 0.03% 0.05% 0.10% 0.00% 0.19% 0.13% 0.22% 0.50%
0.00% 0.00% 0.26% 0.26% 0.89% 2.90% 5.53% 5.91% 6.19% 5.51% 6.56% 5.88%
40.67% 40.60% 40.15% 40.43% 39.80% 37.77% 35.07% 34.79% 34.34% 35.07% 33.94% 34.33%
No. of Shareholders 16,05220,41920,45322,40226,09327,87926,95026,75728,54234,50641,37243,750

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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