Pitti Engineering Ltd

Pitti Engineering Ltd

₹ 951 -0.95%
21 Feb - close price
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

Market Leadership
The company is India's largest manufacturer and exporter of electrical laminations and a leading supplier of complicated sub-assemblies for motors and generators. [1]

  • Market Cap 3,580 Cr.
  • Current Price 951
  • High / Low 1,512 / 663
  • Stock P/E 28.3
  • Book Value 232
  • Dividend Yield 0.16 %
  • ROCE 19.9 %
  • ROE 24.0 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last 3 years: -5.11%

* 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

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
265 271 311 304 238 248 290 303 302 328 391 429 415
231 236 275 268 199 207 247 258 250 279 333 363 348
Operating Profit 34 35 35 37 39 41 42 45 51 49 58 66 67
OPM % 13% 13% 11% 12% 16% 16% 15% 15% 17% 15% 15% 15% 16%
1 15 1 0 1 16 1 13 3 31 3 26 6
Interest 10 12 11 12 12 10 12 11 14 14 17 19 13
Depreciation 9 11 10 11 11 13 13 13 16 14 17 20 21
Profit before tax 16 27 15 14 17 34 19 33 25 52 28 53 39
Tax % 26% 27% 22% 29% 28% 26% 25% 32% 38% 23% 30% 28% 26%
12 20 12 10 12 25 14 22 16 40 19 38 29
EPS in Rs 3.62 6.17 3.65 3.17 3.78 7.75 4.36 6.87 4.90 12.59 6.04 10.72 7.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
525 518 954 1,100 1,202 1,564
447 439 821 949 1,024 1,324
Operating Profit 78 80 133 151 178 240
OPM % 15% 15% 14% 14% 15% 15%
4 19 16 18 48 67
Interest 34 30 40 45 50 62
Depreciation 27 30 39 45 54 72
Profit before tax 20 39 71 80 122 172
Tax % 14% 25% 26% 26% 26%
17 29 52 59 90 126
EPS in Rs 5.34 8.97 16.18 18.36 28.14 36.99
Dividend Payout % 0% 0% 13% 15% 5%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 44%
TTM: 65%
Stock Price CAGR
10 Years: 33%
5 Years: 92%
3 Years: 63%
1 Year: 28%
Return on Equity
10 Years: %
5 Years: %
3 Years: 21%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 16 18
Reserves 220 268 318 400 854
318 393 356 616 567
148 280 287 298 402
Total Liabilities 701 957 978 1,330 1,841
285 327 364 422 879
CWIP 1 1 24 118 61
Investments 16 16 15 15 0
399 613 574 775 901
Total Assets 701 957 978 1,330 1,841

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
32 88 223 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% 20%

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
59.28% 59.28% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 53.58% 54.17%
0.02% 0.03% 0.05% 0.10% 0.00% 0.19% 0.13% 0.22% 0.50% 0.79% 1.29% 1.31%
0.26% 0.89% 2.90% 5.53% 5.91% 6.19% 5.51% 6.56% 5.88% 5.87% 17.53% 18.36%
40.43% 39.80% 37.77% 35.07% 34.79% 34.34% 35.07% 33.94% 34.33% 34.04% 27.61% 26.15%
No. of Shareholders 22,40226,09327,87926,95026,75728,54234,50641,37243,75045,70350,99354,531

* 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