PTC Industries Ltd

₹ 7,678 -1.96%

26 Apr - close price

About

PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc. ^[1]^[2]

Key Points

Products
The Co is a leading supplier of castings, machined components & fabricated parts for critical and supercritical applications across the world. It offers a wide range of materials which include Titanium Alloys, Alloy Steel, Stainless Steel, Duplex and Super Duplex Stainless Steel, Creep Resistant Steel, Heat Resistant Steel, Nickel-Based Alloys, Cobalt-Based Alloy etc. ^[1]

Website BSE NSE

Market Cap ₹ 11,087 Cr.
Current Price ₹ 7,678
High / Low ₹ 9,540 / 2,234
Stock P/E 445
Book Value ₹ 263
Dividend Yield 0.00 %
ROCE 11.1 %
ROE 9.42 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has delivered good profit growth of 21.8% CAGR over last 5 years

Cons

Stock is trading at 29.2 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -4.01%
Company has a low return on equity of 6.43% 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.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	37.48	53.03	45.06	38.29	44.90	50.69	46.05	54.04	56.77	59.13	70.81	53.05	52.52
	29.02	40.84	31.50	30.67	37.62	41.93	35.74	38.12	47.04	47.11	54.42	40.98	40.90
Operating Profit	8.46	12.19	13.56	7.62	7.28	8.76	10.31	15.92	9.73	12.02	16.39	12.07	11.62
OPM %	22.57%	22.99%	30.09%	19.90%	16.21%	17.28%	22.39%	29.46%	17.14%	20.33%	23.15%	22.75%	22.12%
	0.28	3.20	0.95	1.97	0.13	2.29	1.45	2.63	4.20	2.39	3.66	2.97	2.91
Interest	3.43	3.56	3.84	3.59	3.59	4.04	3.78	4.51	3.95	3.16	3.55	3.66	4.25
Depreciation	3.65	3.57	3.63	3.63	3.67	3.62	4.11	4.13	4.13	4.11	4.09	4.09	4.11
Profit before tax	1.66	8.26	7.04	2.37	0.15	3.39	3.87	9.91	5.85	7.14	12.41	7.29	6.17
Tax %	28.31%	81.96%	25.71%	24.05%	86.67%	28.32%	29.46%	25.53%	24.62%	21.71%	25.46%	24.97%	25.93%
	1.19	1.49	5.24	1.80	0.02	2.44	2.73	7.37	4.41	5.59	9.26	5.48	4.57
EPS in Rs	0.91	1.14	4.00	1.37	0.02	1.86	2.08	5.63	3.30	4.18	6.92	4.09	3.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	119	138	119	101	96	99	101	151	168	163	179	216	236
	101	115	99	83	83	84	86	127	140	128	142	168	183
Operating Profit	18	23	20	18	13	15	15	24	28	35	37	48	52
OPM %	15%	17%	17%	17%	14%	15%	15%	16%	17%	21%	21%	22%	22%
	2	-2	1	-0	3	2	3	4	7	5	5	11	12
Interest	8	8	5	3	3	3	4	9	11	13	15	15	15
Depreciation	4	4	4	6	5	6	6	9	10	14	15	16	16
Profit before tax	9	9	11	9	8	8	8	9	14	12	13	27	33
Tax %	18%	15%	45%	24%	25%	23%	12%	-16%	24%	64%	27%	25%
	7	8	6	6	6	6	7	11	11	4	10	20	25
EPS in Rs	6.70	7.30	5.73	4.95	4.69	4.59	5.68	8.34	8.02	3.35	7.25	15.02	18.56
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	5%
5 Years:	16%
3 Years:	9%
TTM:	13%

Compounded Profit Growth
10 Years:	6%
5 Years:	22%
3 Years:	24%
TTM:	47%

Stock Price CAGR
10 Years:	%
5 Years:	113%
3 Years:	124%
1 Year:	230%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	6%
Last Year:	9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	4	4	4	5	5	5	5	5	5	5	5	13	14
Reserves	49	58	65	109	115	117	124	135	145	150	160	247	343
	62	68	69	25	60	121	140	143	151	176	191	139	146
	32	24	27	21	23	32	40	57	53	61	58	104	64
Total Liabilities	148	154	165	160	202	275	309	340	354	393	415	503	567
	52	50	48	43	44	49	62	130	212	211	234	226	219
CWIP	6	9	18	35	66	135	153	97	19	29	6	29	34
Investments	0	0	0	0	0	0	0	0	0	8	22	65	144
	89	96	99	82	92	92	95	114	123	144	153	184	171
Total Assets	148	154	165	160	202	275	309	340	354	393	415	503	567

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	6	12	27	13	14	12	15	30	18	5	24	55
	-12	-11	-21	-9	-45	-68	-27	-18	-16	-17	-28	-92
	6	-1	-4	-6	31	56	12	-8	-6	12	3	42
Net Cash Flow	0	-1	2	-2	-0	0	0	4	-4	-0	-0	5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	82	110	97	115	118	100	121	106	95	141	125	106
Inventory Days	458	256	274	430	529	598	508	394	520	463	444	366
Days Payable	216	95	83	110	145	135	232	314	273	239	130	108
Cash Conversion Cycle	324	271	289	435	502	563	397	186	343	366	440	364
Working Capital Days	162	160	171	203	219	199	195	119	151	218	227	180
ROCE %	14%	16%	13%	9%	7%	5%	5%	7%	9%	8%	9%	11%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	67.76%	67.78%	67.78%	67.80%	67.80%	69.41%	67.93%	67.93%	67.93%	67.03%	66.96%	62.95%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.72%	1.75%	3.82%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.32%	0.46%	0.44%
	32.24%	32.22%	32.22%	32.20%	32.20%	30.58%	32.07%	32.07%	31.83%	30.92%	30.83%	32.79%
No. of Shareholders	2,174	2,475	3,223	3,584	3,855	4,588	5,227	5,544	5,969	6,789	8,161	10,305

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	62.77%	62.77%	62.77%	62.77%	67.76%	67.80%	67.93%	62.95%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.82%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%
	37.23%	37.23%	37.23%	37.23%	32.24%	32.20%	32.07%	32.79%
No. of Shareholders	771	1,226	1,262	1,324	2,079	3,584	5,544	10,305

* 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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Feb 2024

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Nov 2023

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Sep 2023

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Aug 2023

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Jun 2023
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Oct 2022

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Sep 2022

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May 2022

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Apr 2022

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Feb 2022

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Dec 2021

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Sep 2021

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Mar 2021

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Sep 2020

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Oct 2019

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Sep 2019

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Sep 2018

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Sep 2017

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