PTL Enterprises Ltd

PTL Enterprises Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PTL Enterprises Ltd

₹ 40.3 0.40%
22 Nov - close price
ptlenterprise.com BSE: 509220 NSE: PTL
About

Incorporated in 1959, PTL Enterprises
Ltd provides manufactuing facility on
lease basis[1]

Key Points

Business Overview:[1][2][3][4]
PTL, a subsidiary of Apollo Tyres Ltd (ATL),
and its holding company is Sunrays Properties & Investment Co. Pvt Ltd. It leases its tire manufacturing facility to ATL under a fixed-income lease rental agreement. PTL produces truck-bus cross-ply tires, branded as Apollo, which are primarily distributed by ATL. ATL also markets products under the Apollo and Vredestein brands, with plans to expand into ASEAN and North America.

Website BSE NSE
  • Market Cap ₹ 534 Cr.
  • Current Price ₹ 40.3
  • High / Low ₹ 54.1 / 37.6
  • Stock P/E 17.8
  • Book Value ₹ 68.3
  • Dividend Yield 4.34 %
  • ROCE 7.45 %
  • ROE 3.05 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value
  • Company has been maintaining a healthy dividend payout of 92.7%

Cons

  • The company has delivered a poor sales growth of 0.35% over past five years.
  • Company has a low return on equity of 3.99% 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
16 16 16 16 16 16 16 16 16 16 16 16 16
1 2 2 2 2 2 2 4 1 1 1 2 1
Operating Profit 14 14 14 14 14 15 14 12 15 15 15 15 15
OPM % 91% 90% 88% 90% 90% 90% 89% 74% 91% 91% 92% 90% 91%
4 0 0 0 4 0 0 0 5 0 0 0 7
Interest 2 2 2 2 2 2 1 1 1 1 1 1 1
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1 1
Profit before tax 16 12 12 13 16 12 13 10 18 13 13 13 19
Tax % 24% 27% 72% 52% 44% 52% 81% 74% 43% 58% 58% 59% 28%
12 9 3 6 9 6 2 3 10 5 6 5 14
EPS in Rs 0.91 0.67 0.25 0.45 0.67 0.45 0.19 0.19 0.77 0.40 0.42 0.40 1.05
Raw PDF

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
40 40 40 46 53 60 63 63 63 63 64 64 64
5 5 9 4 5 4 5 5 6 6 6 8 6
Operating Profit 35 35 31 42 48 57 58 58 57 57 58 56 59
OPM % 88% 88% 77% 91% 91% 94% 93% 91% 91% 90% 90% 87% 91%
2 1 2 1 2 11 3 4 37 4 4 6 7
Interest 12 9 8 5 3 6 2 2 7 7 7 6 6
Depreciation 1 1 1 1 1 1 1 1 2 2 2 2 2
Profit before tax 25 27 23 38 47 61 58 58 86 52 53 54 58
Tax % 33% 34% 35% 36% 35% 24% 32% 24% 18% 37% 56% 56%
17 18 15 24 30 46 40 44 70 33 23 24 30
EPS in Rs 1.27 1.33 1.14 1.83 2.29 3.46 3.01 3.32 5.29 2.49 1.76 1.78 2.27
Dividend Payout % 39% 38% 44% 27% 27% 29% 42% 38% 47% 80% 100% 98%
Compounded Sales Growth
10 Years: 5%
5 Years: 0%
3 Years: 1%
TTM: 0%
Compounded Profit Growth
10 Years: 3%
5 Years: -10%
3 Years: -20%
TTM: 42%
Stock Price CAGR
10 Years: 17%
5 Years: 17%
3 Years: 17%
1 Year: -5%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 4%
Last Year: 3%

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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 58 68 75 668 423 459 475 434 582 569 686 830 891
76 59 49 0 0 0 0 0 48 49 28 21 17
57 76 81 96 195 198 203 201 215 210 238 255 281
Total Liabilities 203 217 218 777 630 670 691 648 858 841 966 1,120 1,202
17 16 16 593 599 595 594 600 610 612 612 610 609
CWIP 1 1 1 3 0 0 3 4 0 1 0 0 0
Investments 158 158 158 160 0 43 77 27 186 202 344 501 589
27 41 42 21 31 33 18 17 63 27 10 8 4
Total Assets 203 217 218 777 630 670 691 648 858 841 966 1,120 1,202

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
20 32 26 65 25 48 42 46 40 41 43 21
-4 -0 0 -5 -6 -35 -43 -7 -68 -14 4 11
-20 -33 -26 -62 -5 -10 -16 -40 28 -20 -52 -33
Net Cash Flow -3 -1 0 -2 14 2 -17 -0 -0 6 -5 -0

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 3 1 1 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 3 1 1 0 0 0 0 0 0 0 0 0
Working Capital Days -430 -232 -269 -131 -32 -81 -95 -107 -91 -130 -199 -182
ROCE % 25% 25% 22% 10% 9% 15% 12% 13% 12% 9% 9% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82%
0.17% 0.09% 0.09% 0.06% 0.00% 0.00% 0.00% 0.04% 0.08% 0.00% 0.03% 0.10%
0.90% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91%
7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37%
21.74% 21.81% 21.82% 21.84% 21.89% 21.91% 21.91% 21.87% 21.83% 21.90% 21.87% 21.80%
No. of Shareholders 28,05347,81748,85747,22045,59345,38043,13943,29143,06548,09847,50448,935

* 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

Announcements

Annual reports