PTC India

₹211.7 3.7 | 1.8%

WEBSITE BSE:532524 NSE : PTC INDIA 10 May, 16:01

Market Cap ₹6265 Cr.

Stock P/E 12.4

P/B 1.2

Current Price ₹211.7

Book Value ₹ 175.5

Face Value 10

52W High ₹254.7

Dividend Yield 3.69%

52W Low ₹ 91.3

Edit Ratio

PTC India Research see more...

PTC India Limited: Empowering the Energy Landscape

Overview Inc. Year: 1999Industry: Power Generation/Distribution

PTC India Ltd (PTC) is an India-based organisation engaged in operating Power and Investment segments. The Power segment includes generation of power and trading. The Investment section includes investing in equity or extending debt to power tasks in generation, transmission, distribution, gas resources and fuel related infrastructure. It offers enterprise solutions for generators, utilities, cross border power trade solutions, PTC retail, consultancy/advisory solutions, power performance, renewable power and venture financing. PTC offers various offerings to the utilities, along with long and medium term sales, short time period income and power banking arrangements. It gives PTC retail solutions to public quarter undertakings (PSUs) and Central PSUs, Corporates, Industrial Clients, Commercial Clients, and unbiased power producers (IPPs) and captive power produces (CPPs). The Company's subsidiaries consist of PTC India Financial Services Ltd (PFS) and PTC Energy Ltd (PEL).

PTC India Share Price

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Peer Comparison

PTC India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	5473	3324	3101	4308	4899	3139	3625	4848	5203	3472
Other Income	2	15	6	3	3	8	18	16	22	12
Total Income	5474	3338	3107	4311	4902	3147	3643	4863	5225	3484
Total Expenditure	5001	3048	2683	3941	4541	2828	3309	4506	4789	3193
Operating Profit	473	290	424	369	361	319	334	358	436	291
Interest	186	180	182	161	150	150	138	142	140	135
Depreciation	25	25	26	25	25	26	25	25	25	26
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	262	85	216	183	186	143	171	190	270	131
Provision for Tax	66	22	59	47	47	37	42	48	70	34
Profit After Tax	195	63	158	136	138	106	129	142	201	97
Adjustments	-18	-3	-9	-19	-19	-14	-13	-12	-19	-18
Profit After Adjustments	177	60	148	117	120	92	117	130	181	79
Adjusted Earnings Per Share	6	2	5	4	4	3.1	3.9	4.4	6.1	2.7

PTC India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	9199	12099	13901	13447	15311	12766	15155	18101	18346	16856	15971	17148
Other Income	15	45	39	154	203	147	130	23	29	31	32	68
Total Income	9215	12144	13940	13601	15513	12913	15285	18124	18375	16888	16003	17215
Total Expenditure	8751	11269	12900	12296	13918	11612	13201	16275	16650	15283	14613	15797
Operating Profit	464	875	1040	1305	1596	1301	2084	1849	1725	1604	1389	1419
Interest	108	228	422	633	802	946	1243	1159	926	757	605	555
Depreciation	8	9	8	10	21	97	97	100	100	101	102	101
Exceptional Income / Expenses	0	4	-32	-38	-0	0	0	0	-21	0	0	0
Profit Before Tax	348	642	577	624	772	258	744	589	679	745	680	762
Provision for Tax	105	192	184	218	266	93	254	183	221	193	173	194
Profit After Tax	243	450	393	406	506	165	490	406	458	552	507	569
Adjustments	-44	-89	-137	-84	-91	35	-64	-39	-9	-46	-62	-62
Profit After Adjustments	198	361	256	323	415	200	425	368	449	506	446	507
Adjusted Earnings Per Share	6.7	12.2	8.7	10.9	14	6.8	14.4	12.4	15.2	17.1	15.1	17.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-5%	-4%	5%	6%
Operating Profit CAGR	-13%	-9%	1%	12%
PAT CAGR	-8%	8%	25%	8%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	129%	36%	26%	12%
ROE Average	10%	11%	11%	11%
ROCE Average	10%	10%	11%	12%

PTC India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2634	2909	3082	3551	3855	3719	3962	4187	4420	4723	5019
Minority's Interest	487	534	575	747	834	679	723	740	742	792	855
Borrowings	946	2352	3765	5705	6539	7693	9234	8485	7704	6063	4835
Other Non-Current Liabilities	406	617	738	75	94	-239	-92	8	-13	28	23
Total Current Liabilities	1880	2829	3271	4703	6732	7126	7275	7592	7763	8264	5867
Total Liabilities	6353	9242	11431	14782	18054	18977	21102	21012	20615	19871	16598
Fixed Assets	55	54	49	387	2155	2061	1967	1884	1787	1693	1617
Other Non-Current Assets	3452	5971	6918	9132	10874	11968	12603	10374	8261	6607	6100
Total Current Assets	2846	3217	4463	5263	5025	4947	6532	8755	10567	11571	8881
Total Assets	6353	9242	11431	14782	18054	18977	21102	21012	20615	19871	16598

PTC India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	264	453	219	273	204	294	383	112	421	939	1247
Cash Flow from Operating Activities	-370	-1849	-497	-1281	111	-1438	-108	3294	2108	3049	3575
Cash Flow from Investing Activities	-94	-396	-160	87	-1374	249	244	-414	-505	46	168
Cash Flow from Financing Activities	652	2012	709	1124	1353	1278	-408	-2570	-1085	-2788	-4019
Net Cash Inflow / Outflow	188	-233	52	-70	91	89	-272	309	518	308	-276
Closing Cash & Cash Equivalent	453	219	272	204	294	383	112	421	939	1247	971

PTC India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	6.7	12.19	8.66	10.9	14.01	6.75	14.37	12.42	15.16	17.1	15.05
CEPS(Rs)	8.48	15.49	13.57	14.07	17.81	8.86	19.82	17.11	18.84	22.06	20.56
DPS(Rs)	1.6	2	2.2	2.5	3	4	4	5.5	7.5	7.8	7.8
Book NAV/Share(Rs)	88.91	98.25	104.12	119.96	130.22	125.63	133.83	141.45	149.31	159.57	169.54
Core EBITDA Margin(%)	4.88	6.86	7.2	8.57	9.1	9.04	12.89	10.09	9.24	9.33	8.5
EBIT Margin(%)	4.96	7.19	7.19	9.35	10.28	9.43	13.11	9.66	8.74	8.91	8.05
Pre Tax Margin(%)	3.78	5.31	4.15	4.64	5.04	2.02	4.91	3.26	3.7	4.42	4.26
PAT Margin (%)	2.64	3.72	2.83	3.02	3.3	1.29	3.23	2.24	2.49	3.27	3.18
Cash Profit Margin (%)	2.73	3.79	2.89	3.1	3.44	2.05	3.87	2.8	3.04	3.87	3.81
ROA(%)	4.13	5.77	3.81	3.1	3.08	0.89	2.44	1.93	2.2	2.73	2.78
ROE(%)	9.47	16.25	13.13	12.25	13.66	4.35	12.75	9.97	10.63	12.07	10.41
ROCE(%)	12.19	15.79	13.32	12.92	12.53	8.05	11.91	10.63	10.19	9.89	9.88
Receivable days	93.87	63.89	60.61	84.61	83.41	94.72	99.32	120.18	131.32	144.81	146.98
Inventory Days	1.14	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	8.89	5.55	9.33	5.86	6.63	12.89	5.12	3.11	5.15	4.82	5.65
Price/Book(x)	0.67	0.69	0.78	0.53	0.71	0.69	0.55	0.27	0.52	0.52	0.5
Dividend Yield(%)	2.69	2.96	2.72	3.92	3.23	4.59	5.44	14.25	9.61	9.47	9.17
EV/Net Sales(x)	0.31	0.44	0.52	0.7	0.81	1.14	1.01	0.65	0.68	0.61	0.44
EV/Core EBITDA(x)	6.22	6.04	6.88	7.19	7.8	11.13	7.34	6.39	7.19	6.39	5.11
Net Sales Growth(%)	14.15	31.52	14.89	-3.26	13.86	-16.62	18.72	19.44	1.35	-8.12	-5.25
EBIT Growth(%)	1.58	90.9	14.77	25.9	25.16	-23.52	65.01	-12.02	-8.22	-6.36	-14.43
PAT Growth(%)	-6.47	85.49	-12.59	3.28	24.5	-67.41	197.09	-17.09	12.7	20.55	-8.07
EPS Growth(%)	-3.2	82.04	-29	25.86	28.59	-51.79	112.69	-13.57	22.07	12.82	-11.96
Debt/Equity(x)	0.6	1.34	1.66	2.18	2.59	3.32	3.36	2.72	2.6	2.07	1.3
Current Ratio(x)	1.51	1.14	1.36	1.12	0.75	0.69	0.9	1.15	1.36	1.4	1.51
Quick Ratio(x)	1.5	1.14	1.36	1.12	0.75	0.69	0.9	1.15	1.36	1.4	1.51
Interest Cover(x)	4.21	3.81	2.37	1.99	1.96	1.27	1.6	1.51	1.73	1.98	2.12
Total Debt/Mcap(x)	0.9	1.95	2.14	4.09	3.64	4.79	6.12	9.98	4.97	4.01	2.59

PTC India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	16.22	16.22	16.22	16.22	16.22	16.22	16.22	16.22	16.22	16.22
FII	34.13	33.18	32.33	31.67	29.84	28.87	28.28	27.47	28.77	29.41
DII	12.46	9.82	9.47	9.04	8.29	8.36	11.7	11.2	9.71	9.29
Public	37.19	40.79	41.99	43.07	45.65	46.55	43.81	45.11	45.3	45.09
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.8	4.8	4.8	4.8	4.8	4.8	4.8	4.8	4.8	4.8
FII	10.1	9.82	9.57	9.38	8.83	8.55	8.37	8.13	8.52	8.7
DII	3.69	2.91	2.8	2.68	2.46	2.47	3.46	3.32	2.87	2.75
Public	11.01	12.07	12.43	12.75	13.51	13.78	12.97	13.35	13.41	13.35
Others	0	0	0	0	0	0	0	0	0	0
Total	29.6	29.6	29.6	29.6	29.6	29.6	29.6	29.6	29.6	29.6

Pros

Company has delivered good profit growth of 25% CAGR over last 5 years
Company has reduced debt.

Cons

Promoter holding is low: 16.22%.
Company has a low return on equity of 11% over the 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.