PTL Enterprises Ltd

₹ 41.5 1.29%

27 Nov - close price

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 ₹ 550 Cr.
Current Price ₹ 41.5
High / Low ₹ 54.1 / 37.6
Stock P/E 12.1
Book Value ₹ 58.8
Dividend Yield 4.21 %
ROCE 14.1 %
ROE 9.74 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.71 times its book value
Stock is providing a good dividend yield of 4.21%.
Company has delivered good profit growth of 23.3% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 20.5%

Cons

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone




Operating Profit
OPM %

Interest
Depreciation
Profit before tax
Tax %

EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
	0	0	18	78	125	194	229	258	304	410	450
	32	40	78	113	151	142	169	201	240	337	366
Operating Profit	-32	-40	-60	-35	-26	53	60	57	64	74	84
OPM %			-328%	-45%	-20%	27%	26%	22%	21%	18%	19%
	42	50	56	56	62	3	3	5	2	4	8
Interest	0	1	13	21	19	21	28	27	22	20	14
Depreciation	0	0	6	8	9	9	9	10	10	14	13
Profit before tax	9	9	-23	-8	9	26	27	25	34	44	65
Tax %	37%	46%	7%	76%	76%	38%	34%	32%	28%	24%	30%
	6	5	-25	-14	2	16	17	17	24	34	46
EPS in Rs	0.45	0.38	-1.53	-0.87	0.28	1.20	1.32	1.29	1.83	2.53	3.44
Dividend Payout %	0%	0%	-10%	-23%	89%	8%	38%	39%	27%	20%	15%

Compounded Sales Growth
10 Years:	%
5 Years:	18%
3 Years:	20%
TTM:	10%

Compounded Profit Growth
10 Years:	22%
5 Years:	23%
3 Years:	41%
TTM:	36%

Stock Price CAGR
10 Years:	18%
5 Years:	18%
3 Years:	20%
1 Year:	-1%

Return on Equity
10 Years:	12%
5 Years:	14%
3 Years:	14%
Last Year:	10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Equity Capital	13	13	13	13	13	13	13	13	13	13	13
Reserves	6	11	-12	-3	3	83	92	102	118	144	765
	0	53	162	182	182	170	192	182	151	115	68
	15	43	58	63	70	112	89	95	142	171	190
Total Liabilities	34	120	221	255	268	379	386	392	424	443	1,036
	2	19	186	215	222	321	323	326	323	326	914
CWIP	5	72	5	7	4	1	1	1	1	2	4
Investments	2	2	0	0	0	0	0	0	0	0	0
	25	27	30	34	42	56	62	65	100	116	118
Total Assets	34	120	221	255	268	379	386	392	424	443	1,036

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
	8	30	10	11	19	32	36	47	85	79	66
	-6	-82	-103	-10	-3	-47	-2	-11	-14	-10	-18
	0	51	96	-3	-13	3	-36	-42	-62	-62	-67
Net Cash Flow	2	-0	3	-2	2	-11	-2	-6	8	8	-19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Debtor Days		47	28	28	26	37	33	35	35	44
Inventory Days					38	33	26	26	27	21
Days Payable					127	101	148	259	210	218
Cash Conversion Cycle		47	28	28	-63	-32	-88	-198	-148	-152
Working Capital Days		-953	-214	-127	-89	-100	-106	-92	-79	-41
ROCE %	22%	-8%	7%	14%	20%	19%	17%	19%	23%	14%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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	28,053	47,817	48,857	47,220	45,593	45,380	43,139	43,291	43,065	48,098	47,504	48,935

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	69.82%	69.82%	69.82%	69.82%	69.82%	69.82%	69.82%	69.82%	69.82%
	0.09%	0.11%	0.10%	0.10%	0.00%	0.09%	0.00%	0.00%	0.10%
	0.91%	0.91%	0.91%	0.91%	0.91%	0.91%	0.91%	0.91%	0.91%
	2.27%	8.09%	8.13%	7.37%	7.37%	7.37%	7.37%	7.37%	7.37%
	26.91%	21.07%	21.04%	21.80%	21.90%	21.81%	21.91%	21.90%	21.80%
No. of Shareholders	7,444	10,636	11,197	10,485	13,223	47,817	45,380	48,098	48,935

* 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.

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PTL Enterprises Ltd

PTL Enterprises Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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