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PTC Industries

₹7356 91.9 | 1.3%

Market Cap ₹10623 Cr.

Stock P/E 269.9

P/B 15.9

Current Price ₹7356

Book Value ₹ 462.9

Face Value 10

52W High ₹9538.8

Dividend Yield 0%

52W Low ₹ 2299.6

PTC Industries Research see more...

Overview Inc. Year: 1963Industry: Castings/Forgings

PTC Industries Ltd is engaged in imparting high precision cast components for important and super important operations. The Company manufactures stainless steel castings, alloys metal castings, non-alloy metal castings, metallic shape and assembly items. It operates thru two segments: Engineering Division and Power Division. Its PTC Division consists of Replicast, Rapidcast, investment casting, shell molding, centrifugal casting and fabrication engineering. It is a provider of thin walled funding castings, which consist of stainless-steel and exotic alloys, such as iconel, monel and duplex. Its plants consists of Lucknow Plant 1 located at Lucknow, Uttar Pradesh, India; Mehsana Plant positioned at Rajpur, Taluka Kadi, District Mehsana; AMTC Plant placed at Sarai Shahjadi, Lucknow, and Lucknow Plant 2 positioned at Sarojini Nagar, Industrial Estate, Lucknow, Uttar Pradesh, India. Its Windmill Power Division is located at Surajbari, Shikarpur, Kutch District, Gujarat, India.

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PTC Industries Share Price

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PTC Industries 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 38 45 51 46 54 57 62 72 58 55
Other Income 2 1 2 1 2 4 0 3 3 4
Total Income 40 46 53 47 56 61 63 74 60 59
Total Expenditure 31 36 39 35 37 45 44 52 42 40
Operating Profit 10 10 14 12 19 16 19 23 18 19
Interest 4 4 4 4 5 4 3 4 4 4
Depreciation 4 4 4 4 4 4 4 4 4 4
Exceptional Income / Expenses 0 -2 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 6 4 10 8 11 15 11 10
Provision for Tax 1 0 1 1 3 2 2 4 2 2
Profit After Tax 2 1 5 3 8 6 9 11 8 8
Adjustments -0 0 0 -0 0 -0 -0 0 0 0
Profit After Adjustments 2 1 5 3 8 6 9 11 8 8
Adjusted Earnings Per Share 1.4 0.9 3.5 2.2 5.8 4.6 6.9 8.4 6 6

PTC Industries Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 138 119 101 96 99 163 179 219 247
Other Income 1 3 2 3 2 5 6 7 10
Total Income 139 122 102 99 101 169 185 227 256
Total Expenditure 115 101 83 83 84 128 137 161 178
Operating Profit 24 21 19 16 17 40 48 66 79
Interest 8 5 3 3 3 13 15 16 15
Depreciation 4 4 6 5 6 14 15 17 16
Exceptional Income / Expenses -3 -1 -2 0 0 0 -2 0 0
Profit Before Tax 9 11 8 8 8 12 17 34 47
Provision for Tax 1 5 2 2 2 8 4 8 10
Profit After Tax 8 6 6 6 6 4 13 26 36
Adjustments 0 0 0 0 0 0 -0 -0 0
Profit After Adjustments 8 6 6 6 6 5 13 26 36
Adjusted Earnings Per Share 7.3 5.6 4.9 4.8 4.6 3.5 9.8 19.2 27.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% 30% 17% 0%
Operating Profit CAGR 38% 57% 28% 0%
PAT CAGR 100% 63% 34% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 214% 129% 115% NA%
ROE Average 12% 8% 7% 8%
ROCE Average 12% 10% 8% 9%

PTC Industries Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 62 69 114 120 127 155 169 307
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 11 46 2 26 79 94 94 96
Other Non-Current Liabilities 6 9 7 8 9 23 27 27
Total Current Liabilities 75 42 37 49 65 125 137 123
Total Liabilities 154 165 160 202 279 397 426 553
Fixed Assets 50 48 43 44 49 209 235 226
Other Non-Current Assets 16 25 42 80 148 48 38 130
Total Current Assets 89 92 74 78 83 140 153 196
Total Assets 154 165 160 202 279 397 426 553

PTC Industries Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 0 3 1 0 2 2 1
Cash Flow from Operating Activities 12 27 13 14 11 4 25 47
Cash Flow from Investing Activities -11 -21 -9 -45 -72 -20 -28 -116
Cash Flow from Financing Activities -1 -4 -6 31 61 17 3 74
Net Cash Inflow / Outflow -1 2 -2 -0 0 1 -1 6
Closing Cash & Cash Equivalent 0 3 1 0 1 2 1 7

PTC Industries Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 7.34 5.55 4.94 4.8 4.57 3.52 9.81 19.23
CEPS(Rs) 11.43 9.74 9.81 8.97 8.82 14.36 21.03 31.75
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 59.43 65.94 87.14 91.94 97.28 118.98 128.79 199.92
Core EBITDA Margin(%) 16.04 15.13 16.8 13.42 14.79 21.37 23.53 26.74
EBIT Margin(%) 11.52 13.16 10.7 11.06 10.85 15.75 17.98 22.55
Pre Tax Margin(%) 6.27 8.82 8.21 8.44 7.5 7.53 9.51 15.35
PAT Margin (%) 5.28 4.74 6.24 6.4 5.83 2.67 7.16 11.77
Cash Profit Margin (%) 8.22 8.32 12.39 11.94 11.25 11.47 15.33 19.38
ROA(%) 4.96 3.63 3.97 3.46 2.48 1.29 3.11 5.27
ROE(%) 12.36 8.86 7.06 5.36 4.83 3.09 7.92 11.85
ROCE(%) 12.84 12.01 8 6.81 5.18 8.79 9.18 11.66
Receivable days 104.73 109.45 111.97 116.76 103.89 101.2 127.27 105.86
Inventory Days 88.4 95.49 107.73 126.01 131.55 101.16 119.38 118.63
Payable days 95.26 103.64 113.31 133.7 143.08 158.34 193.64 133.45
PER(x) 0 0 0 16.88 25.19 168.63 205.07 121.71
Price/Book(x) 0 0 0 0.88 1.18 4.99 15.62 11.71
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.5 0.49 0.28 1.72 2.7 5.83 15.75 14.96
EV/Core EBITDA(x) 2.86 2.78 1.51 10.12 16.13 23.74 58.26 49.6
Net Sales Growth(%) 0 -13.81 -15.36 -5.05 3.88 64.34 9.55 22.52
EBIT Growth(%) 0 -3.74 -31.3 -1.99 2.53 131.64 25.11 53.61
PAT Growth(%) 0 -24.38 11.15 -2.72 -4.76 -27.04 194.19 101.5
EPS Growth(%) 0 -24.38 -11.08 -2.72 -4.76 -22.98 178.55 96
Debt/Equity(x) 1.1 1 0.22 0.5 0.96 1.17 1.17 0.66
Current Ratio(x) 1.18 2.2 1.99 1.6 1.28 1.12 1.11 1.6
Quick Ratio(x) 0.71 1.51 1.13 0.87 0.69 0.71 0.64 0.96
Interest Cover(x) 2.2 3.03 4.31 4.23 3.24 1.92 2.12 3.13
Total Debt/Mcap(x) 0 0 0 0.56 0.81 0.23 0.07 0.06

PTC Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 67.78 67.8 67.8 69.41 67.93 67.93 67.93 67.03 66.96 62.95
FII 0 0 0 0 0 0 0 1.72 1.75 3.82
DII 0 0 0 0 0 0 0.24 0.32 0.46 0.44
Public 32.22 32.2 32.2 30.59 32.07 32.07 31.83 30.93 30.83 32.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 34% CAGR over last 5 years
  • Debtor days have improved from 193.64 to 133.45days.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Stock is trading at 15.9 times its book value.

* 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.

PTC Industries News

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