PTC India Ltd
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]
- Market Cap ₹ 6,107 Cr.
- Current Price ₹ 206
- High / Low ₹ 255 / 109
- Stock P/E 13.9
- Book Value ₹ 174
- Dividend Yield 3.79 %
- ROCE 9.64 %
- ROE 8.67 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.19 times its book value
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 9.54% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9,120 | 12,003 | 13,838 | 13,447 | 15,311 | 12,766 | 15,155 | 18,101 | 18,346 | 16,856 | 15,971 | 16,763 | |
8,671 | 11,171 | 12,836 | 12,333 | 13,918 | 11,612 | 13,201 | 16,275 | 16,649 | 15,276 | 14,616 | 15,701 | |
Operating Profit | 449 | 831 | 1,002 | 1,114 | 1,393 | 1,154 | 1,954 | 1,826 | 1,697 | 1,580 | 1,355 | 1,062 |
OPM % | 5% | 7% | 7% | 8% | 9% | 9% | 13% | 10% | 9% | 9% | 8% | 6% |
15 | 48 | 6 | 154 | 203 | 147 | 130 | 23 | 8 | 23 | 32 | 25 | |
Interest | 108 | 228 | 422 | 633 | 802 | 946 | 1,243 | 1,159 | 926 | 757 | 605 | 424 |
Depreciation | 8 | 9 | 8 | 10 | 21 | 97 | 97 | 100 | 100 | 101 | 102 | 10 |
Profit before tax | 348 | 642 | 577 | 624 | 772 | 258 | 744 | 589 | 679 | 745 | 680 | 654 |
Tax % | 30% | 30% | 32% | 35% | 34% | 36% | 34% | 31% | 33% | 26% | 25% | 26% |
238 | 442 | 326 | 406 | 506 | 165 | 490 | 406 | 458 | 552 | 507 | 484 | |
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 | 14.43 |
Dividend Payout % | 24% | 16% | 25% | 23% | 21% | 59% | 28% | 44% | 49% | 46% | 52% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | -3% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 1% |
3 Years: | -2% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 25% |
3 Years: | 26% |
1 Year: | 83% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 10% |
Last Year: | 9% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
1,587 | 3,895 | 5,110 | 7,724 | 9,999 | 12,353 | 13,320 | 11,408 | 11,479 | 9,771 | 6,546 | 4,327 | |
1,750 | 1,871 | 2,477 | 3,507 | 4,245 | 3,181 | 3,996 | 5,514 | 4,769 | 5,387 | 5,065 | 5,654 | |
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 |
55 | 54 | 49 | 387 | 2,155 | 2,061 | 1,967 | 1,884 | 1,787 | 1,693 | 1,617 | 43 | |
CWIP | 1 | 1 | 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 |
4,934 | 7,754 | 9,328 | 13,293 | 14,970 | 16,792 | 19,020 | 18,662 | 17,909 | 17,421 | 14,686 | 14,796 | |
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 |
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 | -504 | |
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 | -96 |
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 | 130 | 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 | 130 | 125 |
Working Capital Days | 43 | 35 | 38 | 34 | 6 | 26 | 25 | 41 | 96 | 105 | 63 | 86 |
ROCE % | 11% | 14% | 13% | 12% | 12% | 8% | 11% | 10% | 10% | 9% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Jun - In continuation of our letter dated June 3, 2024 As per Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations, 2015, enclosed please find the transcripts …
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Announcement Under Regulation 30 (LODR)- Announcement
13 Jun - In Continuation of Letter dated June 13, 2024, about he cessation of Dr. Rajib Kumar Mishra as Chairman & Managing Director of PTC India Limited …
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Announcement under Regulation 30 (LODR)-Change in Directorate
13 Jun - Order dated June 12, 2024 and consequential changes in Directorship
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Jun - With reference to the Regulation 30 and 46(2) (oa) of SEBI (LODR) Regulations, 2015. The audio / video link of the Investors & Analyst Meet …
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Announcement under Regulation 30 (LODR)-Investor Presentation
8 Jun - Attached is the Investor Presentation of PTC India Limited for the Financial Results declared for the quarter and Financial year ended on March 31, 2024
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
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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 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Concalls
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Jun 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Jul 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Jun 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Oct 2019Transcript PPT
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]