PTC India

₹140.8 1.2 | 0.9%

WEBSITE BSE:532524 NSE : PTC INDIA 05 Feb, 16:01

Market Cap ₹4168 Cr.

Stock P/E 8.6

P/B 0.8

Current Price ₹140.8

Book Value ₹ 179.1

Face Value 10

52W High ₹246.8

Dividend Yield 5.54%

52W Low ₹ 127.8

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.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	4308	4899	3139	3573	4758	5070	3472	3507	4686	5128
Other Income	3	3	8	16	13	19	12	3	2	6
Total Income	4311	4902	3147	3589	4771	5088	3484	3510	4688	5134
Total Expenditure	3941	4541	2828	3295	4492	4775	3193	3256	4382	4822
Operating Profit	369	361	319	294	280	313	291	254	306	312
Interest	161	150	150	106	110	109	135	100	102	91
Depreciation	25	25	26	3	2	2	26	3	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	-20	0	0
Profit Before Tax	183	186	143	186	167	202	131	130	202	219
Provision for Tax	47	47	37	46	43	53	34	35	52	56
Profit After Tax	136	138	106	140	124	149	97	95	149	163
Adjustments	-19	-19	-14	-23	5	32	-18	-9	25	55
Profit After Adjustments	117	120	92	117	130	181	79	86	174	217
Adjusted Earnings Per Share	4	4	3.1	3.9	4.4	6.1	2.7	2.9	5.9	7.3

PTC India Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	12099	13901	13447	15311	12766	15155	18101	18346	16856	15674	16763	16793
Other Income	45	39	154	203	147	130	23	29	31	26	59	23
Total Income	12144	13940	13601	15513	12913	15285	18124	18375	16888	15699	16822	16816
Total Expenditure	11269	12900	12296	13918	11612	13201	16275	16650	15283	14560	15710	15653
Operating Profit	875	1040	1305	1596	1301	2084	1849	1725	1604	1139	1113	1163
Interest	228	422	633	802	946	1243	1159	926	757	474	432	428
Depreciation	9	8	10	21	97	97	100	100	101	10	10	33
Exceptional Income / Expenses	4	-32	-38	-0	0	0	0	-21	0	0	-20	-20
Profit Before Tax	642	577	624	772	258	744	589	679	745	653	654	682
Provision for Tax	192	184	218	266	93	254	183	221	193	168	170	177
Profit After Tax	450	393	406	506	165	490	406	458	552	485	484	504
Adjustments	-89	-137	-84	-91	35	-64	-39	-9	-46	-39	-7	53
Profit After Adjustments	361	256	323	415	200	425	368	449	506	446	477	556
Adjusted Earnings Per Share	12.2	8.7	10.9	14	6.8	14.4	12.4	15.2	17.1	15.1	16.1	18.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	-3%	2%	3%
Operating Profit CAGR	-2%	-14%	-12%	2%
PAT CAGR	-0%	2%	-0%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-40%	14%	20%	4%
ROE Average	10%	11%	10%	11%
ROCE Average	10%	10%	10%	11%

PTC India Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2909	3082	3551	3855	3719	3962	4187	4420	4723	5019	5142
Minority's Interest	534	575	747	834	679	723	740	742	792	855	888
Borrowings	2352	3765	5705	6539	7693	9234	8485	7704	6063	4835	2805
Other Non-Current Liabilities	617	738	75	94	-239	-92	8	-13	28	23	-43
Total Current Liabilities	2829	3271	4703	6732	7126	7275	7592	7763	8264	5867	5176
Total Liabilities	9242	11431	14782	18054	18977	21102	21012	20615	19871	16598	15040
Fixed Assets	54	49	387	2155	2061	1967	1884	1787	1693	1617	43
Other Non-Current Assets	5971	6918	9132	10874	11968	12603	10374	8261	6607	6100	4096
Total Current Assets	3217	4463	5263	5025	4947	6532	8755	10567	11571	8881	9033
Total Assets	9242	11431	14782	18054	18977	21102	21012	20615	19871	16598	15040

PTC India Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	453	219	273	204	294	383	112	421	939	1247	956
Cash Flow from Operating Activities	-1849	-497	-1281	111	-1438	-108	3294	2108	3049	3575	2451
Cash Flow from Investing Activities	-396	-160	87	-1374	249	244	-414	-505	46	168	-504
Cash Flow from Financing Activities	2012	709	1124	1353	1278	-408	-2570	-1085	-2788	-4019	-2042
Net Cash Inflow / Outflow	-233	52	-70	91	89	-272	309	518	308	-276	-96
Closing Cash & Cash Equivalent	219	272	204	294	383	112	421	939	1247	971	860

PTC India Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	12.19	8.66	10.9	14.01	6.75	14.37	12.42	15.16	17.1	15.05	16.11
CEPS(Rs)	15.49	13.57	14.07	17.81	8.86	19.82	17.11	18.84	22.06	16.72	16.67
DPS(Rs)	2	2.2	2.5	3	4	4	5.5	7.5	7.8	7.8	7.8
Book NAV/Share(Rs)	98.25	104.12	119.96	130.22	125.63	133.83	141.45	149.31	159.57	169.54	173.7
Core EBITDA Margin(%)	6.86	7.2	8.57	9.1	9.04	12.89	10.09	9.24	9.33	7.1	6.28
EBIT Margin(%)	7.19	7.19	9.35	10.28	9.43	13.11	9.66	8.74	8.91	7.19	6.48
Pre Tax Margin(%)	5.31	4.15	4.64	5.04	2.02	4.91	3.26	3.7	4.42	4.17	3.9
PAT Margin (%)	3.72	2.83	3.02	3.3	1.29	3.23	2.24	2.49	3.27	3.09	2.88
Cash Profit Margin (%)	3.79	2.89	3.1	3.44	2.05	3.87	2.8	3.04	3.87	3.16	2.94
ROA(%)	5.77	3.81	3.1	3.08	0.89	2.44	1.93	2.2	2.73	2.66	3.06
ROE(%)	16.25	13.13	12.25	13.66	4.35	12.75	9.97	10.63	12.07	9.95	9.52
ROCE(%)	15.79	13.32	12.92	12.53	8.05	11.91	10.63	10.19	9.89	8.66	10.34
Receivable days	63.89	60.61	84.61	83.41	94.72	99.32	120.18	131.32	144.81	149.76	124.47
Inventory Days	0	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)	5.55	9.33	5.86	6.63	12.89	5.12	3.11	5.15	4.82	5.65	11.53
Price/Book(x)	0.69	0.78	0.53	0.71	0.69	0.55	0.27	0.52	0.52	0.5	1.07
Dividend Yield(%)	2.96	2.72	3.92	3.23	4.59	5.44	14.25	9.61	9.47	9.17	4.2
EV/Net Sales(x)	0.44	0.52	0.7	0.81	1.14	1.01	0.65	0.68	0.61	0.45	0.45
EV/Core EBITDA(x)	6.04	6.88	7.19	7.8	11.13	7.34	6.39	7.19	6.39	6.23	6.84
Net Sales Growth(%)	31.52	14.89	-3.26	13.86	-16.62	18.72	19.44	1.35	-8.12	-7.02	6.95
EBIT Growth(%)	90.9	14.77	25.9	25.16	-23.52	65.01	-12.02	-8.22	-6.36	-24.99	-3.67
PAT Growth(%)	85.49	-12.59	3.28	24.5	-67.41	197.09	-17.09	12.7	20.55	-12.11	-0.27
EPS Growth(%)	82.04	-29	25.86	28.59	-51.79	112.69	-13.57	22.07	12.82	-11.96	7.02
Debt/Equity(x)	1.34	1.66	2.18	2.59	3.32	3.36	2.72	2.6	2.07	1.3	0.84
Current Ratio(x)	1.14	1.36	1.12	0.75	0.69	0.9	1.15	1.36	1.4	1.51	1.75
Quick Ratio(x)	1.14	1.36	1.12	0.75	0.69	0.9	1.15	1.36	1.4	1.51	1.75
Interest Cover(x)	3.81	2.37	1.99	1.96	1.27	1.6	1.51	1.73	1.98	2.38	2.51
Total Debt/Mcap(x)	1.95	2.14	4.09	3.64	4.79	6.12	9.98	4.97	4.01	2.59	0.78

PTC India Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	16.22	16.22	16.22	16.22	16.22	16.22	16.22	16.22	16.22	16.22
FII	31.67	29.84	28.87	28.28	27.47	28.77	29.41	33.07	33.31	28.67
DII	9.04	8.29	8.36	11.7	11.2	9.71	9.29	9.15	9.11	9.07
Public	43.07	45.65	46.55	43.81	45.11	45.3	45.09	41.56	41.36	46.04
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	4.8	4.8	4.8	4.8	4.8	4.8	4.8	4.8	4.8	4.8
FII	9.38	8.83	8.55	8.37	8.13	8.52	8.7	9.79	9.86	8.49
DII	2.68	2.46	2.47	3.46	3.32	2.87	2.75	2.71	2.7	2.68
Public	12.75	13.51	13.78	12.97	13.35	13.41	13.35	12.3	12.24	13.63
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

Stock is trading at 0.8 times its book value
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.