PTC India Financial Services Ltd

PTC India Financial Services Ltd

₹ 55.3 6.49%
12 Jul - close price
About

PTC India Financial Services Limited (PFS) is a NBFC registered with RBI which holds the status of Infrastructure Finance Company. It provides equity/debt financing solutions to the energy value chain.[1]

Key Points

Overview[1]
PFS is an infrastructure finance company which provides a vast array of services to entities in the energy value chain. Company invests in equity or gives debt to power projects in generation, transmission, distribution, and fuel sources, fuel related infrastructure,equipment manufacturers and engineering, procurement and construction (EPC) contractors, renewables, transmission, road HAM, annuity projects, e-mobility projects, other sustainable infrastructure projects etc.
PFS also offers long-term and short-term loans, in addition to providing both fund and non-fund-based financial assistance as debt or structured debts.

  • Market Cap 3,552 Cr.
  • Current Price 55.3
  • High / Low 68.0 / 18.6
  • Stock P/E 22.1
  • Book Value 39.5
  • Dividend Yield 1.81 %
  • ROCE 8.92 %
  • ROE 6.45 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.7% over past five years.
  • Company has a low return on equity of 6.63% 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
274 254 242 229 228 207 196 194 194 190 190 204 176
137 26 28 94 61 25 17 36 48 34 14 32 64
Operating Profit 137 228 214 135 167 182 179 158 146 156 177 172 113
OPM % 50% 90% 89% 59% 73% 88% 91% 81% 75% 82% 93% 84% 64%
0 0 0 12 3 0 0 0 6 3 12 0 0
Interest 166 166 143 136 135 113 107 108 105 108 107 103 92
Depreciation 1 1 2 2 2 1 2 2 2 2 2 2 2
Profit before tax -31 61 70 9 34 68 70 49 45 49 80 67 19
Tax % -76% 25% 25% 27% 26% 25% 25% 26% 20% 25% 25% 25% 28%
-54 46 52 7 25 51 53 36 36 37 60 50 14
EPS in Rs -0.84 0.71 0.82 0.11 0.39 0.79 0.82 0.56 0.57 0.57 0.93 0.78 0.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
286 546 802 1,187 1,351 1,185 1,336 1,364 1,139 968 797 761
21 36 135 121 175 647 108 243 289 209 127 144
Operating Profit 266 510 667 1,066 1,176 538 1,228 1,122 851 759 670 617
OPM % 93% 93% 83% 90% 87% 45% 92% 82% 75% 78% 84% 81%
0 -0 0 -0 1 0 0 5 0 1 0 16
Interest 107 221 417 530 645 685 944 948 752 580 432 410
Depreciation 4 4 4 4 3 3 3 6 6 6 6 6
Profit before tax 155 285 245 531 529 -150 281 172 93 174 232 216
Tax % 33% 27% 34% 26% 35% 33% 34% 36% 73% 25% 24% 26%
104 208 161 391 345 -100 184 110 26 130 176 161
EPS in Rs 1.85 3.70 2.86 6.96 5.38 -1.56 2.87 1.71 0.40 2.02 2.74 2.50
Dividend Payout % 22% 27% 35% 17% 28% -13% 28% 26% 0% 0% 37% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: -11%
3 Years: -13%
TTM: -5%
Compounded Profit Growth
10 Years: -3%
5 Years: -3%
3 Years: 84%
TTM: -9%
Stock Price CAGR
10 Years: 5%
5 Years: 31%
3 Years: 37%
1 Year: 188%
Return on Equity
10 Years: 8%
5 Years: 5%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 562 562 562 562 642 642 642 642 642 642 642 642
Reserves 664 787 875 1,180 1,777 1,297 1,424 1,473 1,477 1,622 1,800 1,896
1,587 3,895 5,110 6,845 8,123 10,229 10,918 9,275 9,174 7,121 5,122 3,926
86 170 202 235 209 147 208 252 238 131 70 61
Total Liabilities 2,899 5,414 6,750 8,823 10,752 12,315 13,193 11,642 11,532 9,516 7,634 6,525
22 24 22 18 15 14 12 22 16 12 30 26
CWIP 1 1 0 0 0 0 0 0 0 0 0 0
Investments 544 401 340 235 114 63 96 356 373 350 91 122
2,332 4,987 6,388 8,570 10,623 12,238 13,085 11,264 11,142 9,155 7,513 6,377
Total Assets 2,899 5,414 6,750 8,823 10,752 12,315 13,193 11,642 11,532 9,516 7,634 6,525

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-832 -2,080 -751 -1,167 -888 -1,302 236 3,228 1,311 2,721 1,887 2,563
-1 -7 -1 -0 -5 -13 -0 -386 -162 -154 259 -689
703 2,052 741 1,169 904 1,338 -257 -2,652 -883 -2,719 -2,459 -1,669
Net Cash Flow -130 -34 -11 2 11 24 -21 191 266 -151 -312 205

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 0 0 0 0 2 2 2 1 1 0 2 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 2 2 2 1 1 0 2 0
Working Capital Days 58 95 243 -28 14 -23 2 23 4 -9 -20 -9
ROCE % 11% 13% 11% 14% 12% 5% 10% 9% 7% 7% 8% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.99% 64.99% 64.99% 64.99% 64.99% 64.99% 64.99% 64.99% 64.99% 64.99% 64.99% 64.99%
0.94% 0.85% 0.86% 0.76% 0.94% 0.94% 0.87% 0.84% 0.93% 2.00% 2.66% 2.62%
3.60% 1.21% 1.69% 1.70% 1.70% 3.80% 3.80% 3.26% 2.26% 2.21% 2.31% 2.68%
30.46% 32.95% 32.45% 32.55% 32.37% 30.25% 30.33% 30.90% 31.82% 30.80% 30.03% 29.69%
No. of Shareholders 1,12,0461,14,3011,15,0131,21,6761,18,8811,16,9451,14,7551,14,1021,15,5651,25,8071,35,1171,48,802

* 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.

Click on the line-items to see the names of individual entities.

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