PTC India Ltd

PTC India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PTC India Ltd

₹ 161 -4.62%
21 Nov - close price
ptcindia.com BSE: 532524 NSE: PTC
About

PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). [1][2]

Key Points

Pioneer in Power Trading
PTC undertakes trading activities which include long term trading of power generated from large power projects as well as short term trading arising as a result of supply and demand mismatches. It is co - promoter of India’s first electricity exchange (IEX) and does Cross Border Trade with Nepal, Bhutan & Bangladesh.[1] [2]

Website BSE NSE
  • Market Cap ₹ 4,771 Cr.
  • Current Price ₹ 161
  • High / Low ₹ 255 / 152
  • Stock P/E 9.81
  • Book Value ₹ 179
  • Dividend Yield 4.84 %
  • ROCE 9.64 %
  • ROE 9.57 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.90 times its book value
  • Stock is providing a good dividend yield of 4.84%.
  • Company has been maintaining a healthy dividend payout of 48.6%

Cons

  • The company has delivered a poor sales growth of 2.04% over past five years.
  • Promoter holding is low: 16.2%
  • Company has a low return on equity of 9.85% over last 3 years.

* 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: Trading Industry: Trading

Part of BSE Utilities BSE SmallCap Nifty Total Market Nifty Microcap 250 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
5,473 3,324 3,101 4,308 4,899 3,139 3,573 4,758 5,070 3,428 3,507 4,686 5,128
5,001 3,048 2,684 3,942 4,541 2,829 3,295 4,492 4,775 3,178 3,256 4,382 4,822
Operating Profit 472 275 418 366 358 310 278 267 295 250 251 304 306
OPM % 9% 8% 13% 8% 7% 10% 8% 6% 6% 7% 7% 6% 6%
2 15 6 3 3 8 16 13 72 8 -17 42 77
Interest 186 180 182 161 150 150 106 110 109 104 100 102 91
Depreciation 25 25 26 25 25 26 3 2 2 3 3 2 2
Profit before tax 262 84 216 182 186 142 185 168 255 151 132 242 290
Tax % 25% 25% 27% 26% 26% 26% 25% 25% 21% 26% 27% 22% 19%
195 63 157 135 138 104 140 125 202 112 96 189 234
EPS in Rs 5.98 2.04 5.01 3.97 4.05 3.10 4.29 3.79 6.13 3.17 3.09 5.87 7.34
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
9,120 12,003 13,838 13,447 15,311 12,766 15,155 18,101 18,346 16,856 15,674 16,763 16,749
8,671 11,171 12,836 12,333 13,918 11,612 13,201 16,275 16,649 15,276 14,563 15,694 15,638
Operating Profit 449 831 1,002 1,114 1,393 1,154 1,954 1,826 1,697 1,580 1,111 1,070 1,111
OPM % 5% 7% 7% 8% 9% 9% 13% 10% 9% 9% 7% 6% 7%
15 48 6 154 203 147 130 23 8 23 46 75 110
Interest 108 228 422 633 802 946 1,243 1,159 926 757 472 431 398
Depreciation 8 9 8 10 21 97 97 100 100 101 10 10 10
Profit before tax 348 642 577 624 772 258 744 589 679 745 675 703 814
Tax % 30% 30% 32% 35% 34% 36% 34% 31% 33% 26% 25% 24%
238 442 326 406 506 165 490 406 458 552 507 533 631
EPS in Rs 6.70 12.19 8.66 10.90 14.01 6.75 14.37 12.42 15.16 17.10 15.05 16.11 19.47
Dividend Payout % 24% 16% 25% 23% 21% 59% 28% 44% 49% 46% 52% 48%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: -3%
TTM: 1%
Compounded Profit Growth
10 Years: 3%
5 Years: 3%
3 Years: 2%
TTM: 4%
Stock Price CAGR
10 Years: 5%
5 Years: 24%
3 Years: 13%
1 Year: 4%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 10%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 296 296 296 296 296 296 296 296 296 296 296 296 296
Reserves 2,338 2,613 2,786 3,255 3,559 3,423 3,666 3,891 4,124 4,427 4,723 4,846 5,006
1,587 3,895 5,110 7,724 9,999 12,353 13,320 11,408 11,479 9,771 6,546 4,327 3,673
1,750 1,871 2,477 3,507 4,245 3,181 3,996 5,514 4,769 5,387 5,065 5,654 6,546
Total Liabilities 5,971 8,675 10,670 14,782 18,098 19,253 21,278 21,109 20,668 19,882 16,630 15,123 15,521
55 54 49 387 2,155 2,061 1,967 1,884 1,787 1,693 1,617 43 39
CWIP 1 1 0 0 0 0 0 0 0 0 0 0 0
Investments 982 866 1,293 1,102 974 400 291 564 972 768 326 284 223
4,934 7,754 9,328 13,293 14,970 16,792 19,020 18,662 17,909 17,421 14,686 14,796 15,259
Total Assets 5,971 8,675 10,670 14,782 18,098 19,253 21,278 21,109 20,668 19,882 16,630 15,123 15,521

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-370 -1,849 -497 -1,281 111 -1,438 -108 3,294 2,108 3,049 3,575 2,451
-94 -396 -160 87 -1,374 249 244 -414 -505 46 168 -519
652 2,012 709 1,124 1,353 1,278 -408 -2,570 -1,085 -2,788 -4,019 -2,042
Net Cash Flow 188 -233 52 -70 91 89 -272 309 518 308 -276 -110

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 86 64 67 101 78 95 118 141 123 156 132 125
Inventory Days 1 0 0 0 0 0 0 0 0 0 0
Days Payable 48
Cash Conversion Cycle 39 64 67 101 78 95 118 141 123 156 132 125
Working Capital Days 43 35 38 34 6 26 25 41 96 105 64 85
ROCE % 11% 14% 13% 12% 12% 8% 11% 10% 10% 9% 8% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22%
34.13% 33.18% 32.33% 31.67% 29.84% 28.87% 28.28% 27.47% 28.78% 29.41% 33.07% 33.31%
12.46% 9.82% 9.47% 9.04% 8.29% 8.35% 8.31% 7.82% 6.32% 5.91% 5.78% 5.73%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.38% 3.38% 3.38% 3.38% 3.38% 3.38%
37.19% 40.79% 41.99% 43.07% 45.65% 46.55% 43.81% 45.10% 45.30% 45.09% 41.55% 41.35%
No. of Shareholders 1,82,4472,02,6082,11,0532,15,2372,14,7692,04,9171,97,0152,05,9052,15,6112,49,9372,51,1632,55,754

* 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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