PTC Industries Ltd
PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc. [1]{# https://www.bseindia.com/bseplus/AnnualReport/539006/72682539006.pdf#page.20000
- Market Cap ₹ 15,509 Cr.
- Current Price ₹ 10,350
- High / Low ₹ 17,995 / 7,025
- Stock P/E 633
- Book Value ₹ 872
- Dividend Yield 0.00 %
- ROCE 7.83 %
- ROE 5.22 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 11.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.3% over past five years.
- Company has a low return on equity of 6.43% over last 3 years.
- Earnings include an other income of Rs.28.4 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -8.03%
* 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Part of BSE Allcap Nifty Total Market BSE Industrials BSE 250 SmallCap Index Nifty Smallcap 250
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 138 | 119 | 101 | 96 | 99 | 101 | 151 | 168 | 163 | 179 | 216 | 247 | 244 | |
| 115 | 99 | 83 | 83 | 84 | 86 | 127 | 140 | 128 | 142 | 168 | 198 | 212 | |
| Operating Profit | 23 | 20 | 18 | 13 | 15 | 15 | 24 | 28 | 35 | 37 | 48 | 49 | 32 |
| OPM % | 17% | 17% | 17% | 14% | 15% | 15% | 16% | 17% | 21% | 21% | 22% | 20% | 13% |
| -2 | 1 | -0 | 3 | 2 | 3 | 4 | 7 | 5 | 5 | 11 | 14 | 28 | |
| Interest | 8 | 5 | 3 | 3 | 3 | 4 | 9 | 11 | 13 | 15 | 15 | 15 | 11 |
| Depreciation | 4 | 4 | 6 | 5 | 6 | 6 | 9 | 10 | 14 | 15 | 16 | 16 | 17 |
| Profit before tax | 9 | 11 | 9 | 8 | 8 | 8 | 9 | 14 | 12 | 13 | 27 | 32 | 33 |
| Tax % | 15% | 45% | 24% | 25% | 23% | 12% | -16% | 24% | 64% | 27% | 25% | 26% | |
| 8 | 6 | 6 | 6 | 6 | 7 | 11 | 11 | 4 | 10 | 20 | 24 | 24 | |
| EPS in Rs | 7.30 | 5.73 | 4.95 | 4.69 | 4.59 | 5.68 | 8.34 | 8.02 | 3.35 | 7.25 | 15.02 | 16.50 | 16.55 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 15% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 97% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 134% |
| 3 Years: | 93% |
| 1 Year: | 24% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 5% |
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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 13 | 14 | 15 |
| Reserves | 58 | 65 | 109 | 115 | 117 | 124 | 135 | 145 | 150 | 160 | 284 | 604 | 1,292 |
| 68 | 69 | 25 | 60 | 121 | 140 | 143 | 151 | 176 | 191 | 139 | 143 | 56 | |
| 24 | 27 | 21 | 23 | 32 | 40 | 57 | 53 | 61 | 58 | 66 | 59 | 60 | |
| Total Liabilities | 154 | 165 | 160 | 202 | 275 | 309 | 340 | 354 | 393 | 415 | 503 | 820 | 1,422 |
| 50 | 48 | 43 | 44 | 49 | 62 | 130 | 212 | 211 | 234 | 226 | 212 | 234 | |
| CWIP | 9 | 18 | 35 | 66 | 135 | 153 | 97 | 19 | 29 | 6 | 29 | 43 | 22 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 22 | 65 | 189 | 284 |
| 96 | 99 | 82 | 92 | 92 | 95 | 114 | 123 | 144 | 153 | 184 | 376 | 881 | |
| Total Assets | 154 | 165 | 160 | 202 | 275 | 309 | 340 | 354 | 393 | 415 | 503 | 820 | 1,422 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12 | 27 | 13 | 14 | 12 | 15 | 30 | 18 | 5 | 24 | 55 | 16 | |
| -11 | -21 | -9 | -45 | -68 | -27 | -18 | -16 | -17 | -28 | -92 | -174 | |
| -1 | -4 | -6 | 31 | 56 | 12 | -8 | -6 | 12 | 3 | 42 | 286 | |
| Net Cash Flow | -1 | 2 | -2 | -0 | 0 | 0 | 4 | -4 | -0 | -0 | 5 | 128 |
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 | 110 | 97 | 115 | 118 | 100 | 121 | 106 | 95 | 141 | 125 | 106 | 148 |
| Inventory Days | 256 | 274 | 430 | 529 | 598 | 508 | 394 | 520 | 463 | 444 | 366 | 249 |
| Days Payable | 95 | 83 | 110 | 145 | 135 | 232 | 314 | 273 | 239 | 130 | 108 | 57 |
| Cash Conversion Cycle | 271 | 289 | 435 | 502 | 563 | 397 | 186 | 343 | 366 | 440 | 364 | 340 |
| Working Capital Days | 160 | 171 | 203 | 219 | 199 | 195 | 119 | 151 | 218 | 227 | 180 | 258 |
| ROCE % | 16% | 13% | 9% | 7% | 5% | 5% | 7% | 9% | 8% | 9% | 11% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Conference call for Q3 FY25 results and business update.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Feb
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Feb - PTC Industries reports strong Q3 results and strategic acquisitions.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Feb - Disclosure of Monitoring Agency Reports for Q3 FY2025.
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Submission Of Statement Of Deviation/Variation
14 Feb - Submission of statement of deviation in fund utilization.
Annual reports
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Financial Year 2024
from bse
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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 bse
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Financial Year 2000
from bse
Concalls
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Nov 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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Oct 2022TranscriptNotesPPT
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Sep 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Apr 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Dec 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Sep 2018TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
Products
PTC is a leading Indian manufacturer of precision metal components for critical applications. It manufactures stainless steel, duplex, super duplex, nickel, cobalt alloys, non-alloy steel castings solutions, machined components, and fabricated parts catering to the Oil & Gas, Aerospace, Marine, Pulp & Paper, Petrochemical, and Energy industries. It uses various indigenously developed technologies like Centrifugal Castings, Replicast, RapidCast, ForgeCAST, and Titanium Powder for casting. Its WOS Aerolloy Technologies (ATL) manufactures titanium and superalloy castings for aerospace and defense applications across the globe[1] [2]