Pitti Engineering Ltd

Pitti Engineering Ltd

₹ 1,066 2.46%
03 Jul 12:56 p.m.
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]

  • Market Cap 3,415 Cr.
  • Current Price 1,066
  • High / Low 1,070 / 364
  • Stock P/E 37.9
  • Book Value 130
  • Dividend Yield 0.26 %
  • ROCE 20.0 %
  • ROE 24.0 %
  • Face Value 5.00

Pros

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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% 27% 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 2.29 4.04 3.62 6.17 3.65 3.17 3.78 7.75 4.36 7.04 4.16 12.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
525 518 954 1,100 1,202
447 439 821 949 1,024
Operating Profit 78 80 133 151 178
OPM % 15% 15% 14% 14% 15%
4 19 16 18 48
Interest 34 30 40 45 50
Depreciation 27 30 39 45 54
Profit before tax 20 39 71 80 122
Tax % 14% 25% 26% 26% 26%
17 29 52 59 90
EPS in Rs 5.34 8.97 16.18 18.36 28.14
Dividend Payout % -0% -0% 13% 15% 5%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
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: %
5 Years: %
3 Years: 21%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 16 16 16
Reserves 220 268 318 400
318 393 356 616
148 280 287 298
Total Liabilities 701 957 978 1,330
285 327 364 422
CWIP 1 1 24 118
Investments 16 16 15 15
399 613 574 775
Total Assets 701 957 978 1,330

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
32 88 222 74
-66 -93 -104 -236
28 12 -87 198
Net Cash Flow -6 7 32 36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 121 78 60 64
Inventory Days 171 147 112 122
Days Payable 115 119 117 103
Cash Conversion Cycle 178 106 55 83
Working Capital Days 176 111 68 97
ROCE % 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls