Pitti Engineering Ltd
Pitti Engg. is engaged in the manufacturing of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors, Press Tools and machining of metal components.
- Market Cap ₹ 2,959 Cr.
- Current Price ₹ 786
- High / Low ₹ 1,200 / 675
- Stock P/E 27.6
- Book Value ₹ 243
- Dividend Yield 0.19 %
- ROCE 15.7 %
- ROE 15.9 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 44.6% CAGR over last 5 years
Cons
- Promoter holding has decreased over last 3 years: -5.10%
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 245 | 335 | 308 | 283 | 379 | 622 | 525 | 518 | 954 | 1,100 | 1,244 | 1,525 | 1,564 | |
| 212 | 295 | 289 | 250 | 323 | 530 | 447 | 439 | 821 | 948 | 1,062 | 1,276 | 1,296 | |
| Operating Profit | 33 | 41 | 19 | 34 | 55 | 92 | 78 | 80 | 133 | 152 | 183 | 248 | 268 |
| OPM % | 13% | 12% | 6% | 12% | 15% | 15% | 15% | 15% | 14% | 14% | 15% | 16% | 17% |
| 2 | 2 | 2 | 3 | 2 | 1 | 4 | 19 | 16 | 17 | 47 | 37 | 38 | |
| Interest | 19 | 11 | 17 | 15 | 23 | 30 | 34 | 30 | 40 | 45 | 51 | 68 | 72 |
| Depreciation | 9 | 16 | 15 | 16 | 18 | 22 | 27 | 30 | 39 | 45 | 59 | 77 | 90 |
| Profit before tax | 7 | 15 | -11 | 5 | 16 | 40 | 20 | 39 | 71 | 80 | 119 | 140 | 144 |
| Tax % | 38% | 38% | -16% | 16% | 31% | 41% | 14% | 25% | 26% | 26% | 25% | 24% | |
| 4 | 9 | -10 | 4 | 11 | 24 | 17 | 29 | 52 | 59 | 90 | 107 | 107 | |
| EPS in Rs | 1.56 | 3.46 | -3.54 | 1.60 | 3.78 | 7.95 | 5.34 | 8.98 | 16.19 | 18.36 | 27.99 | 28.37 | 28.53 |
| Dividend Payout % | 32% | 29% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 15% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 24% |
| 3 Years: | 17% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 45% |
| 3 Years: | 28% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 66% |
| 3 Years: | 36% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 16 | 19 | 19 |
| Reserves | 98 | 104 | 93 | 99 | 140 | 161 | 192 | 220 | 268 | 318 | 457 | 865 | 897 |
| 121 | 143 | 174 | 181 | 256 | 247 | 245 | 317 | 393 | 356 | 628 | 687 | 776 | |
| 76 | 107 | 81 | 117 | 139 | 161 | 143 | 148 | 280 | 287 | 290 | 383 | 390 | |
| Total Liabilities | 309 | 368 | 362 | 410 | 549 | 584 | 596 | 701 | 956 | 978 | 1,391 | 1,954 | 2,081 |
| 87 | 87 | 76 | 94 | 201 | 227 | 247 | 285 | 327 | 364 | 465 | 793 | 818 | |
| CWIP | 6 | 10 | 12 | 31 | 9 | 5 | 8 | 1 | 1 | 24 | 122 | 61 | 63 |
| Investments | 4 | 16 | 16 | 17 | 17 | 16 | 16 | 16 | 16 | 15 | 0 | 258 | 258 |
| 211 | 255 | 258 | 268 | 321 | 336 | 324 | 399 | 613 | 574 | 804 | 843 | 941 | |
| Total Assets | 309 | 368 | 362 | 410 | 549 | 584 | 596 | 701 | 956 | 978 | 1,391 | 1,954 | 2,081 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 45 | -7 | 73 | 28 | 71 | 69 | 34 | 88 | 223 | 80 | 261 | |
| -17 | -20 | -7 | -56 | -113 | -46 | -46 | -66 | -93 | -104 | -247 | -558 | |
| -14 | -20 | 14 | -20 | 86 | -26 | -21 | 28 | 12 | -87 | 203 | 286 | |
| Net Cash Flow | 3 | 6 | -0 | -4 | 1 | -2 | 3 | -4 | 7 | 32 | 37 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 112 | 133 | 116 | 132 | 107 | 97 | 121 | 78 | 60 | 63 | 55 |
| Inventory Days | 231 | 173 | 211 | 262 | 191 | 85 | 134 | 171 | 147 | 112 | 136 | 126 |
| Days Payable | 136 | 139 | 120 | 219 | 160 | 88 | 102 | 115 | 119 | 117 | 113 | 128 |
| Cash Conversion Cycle | 192 | 146 | 224 | 159 | 163 | 104 | 128 | 178 | 106 | 55 | 86 | 53 |
| Working Capital Days | 50 | 22 | 16 | 1 | 10 | 10 | 10 | 24 | 23 | 9 | 16 | 2 |
| ROCE % | 11% | 11% | 2% | 7% | 12% | 17% | 12% | 14% | 18% | 18% | 19% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of schedule of Audio Conference Call for Investors on 6th February 2026
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Board Meeting Intimation for Approving The Un-Audited Financial Results (Standalone And Consolidated) For The Quarter And Nine-Months Ended 31St December 2025
23 Jan - Board meeting on 5 Feb 2026 to approve unaudited quarter and nine-month results; trading window reopens 48 hours post-announcement.
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Report On Re-Lodgement Of Transfer Request Of Physical Shares
22 Jan - Report on re-lodgement of physical share transfer requests as of 31 Dec 2025 per SEBI circular.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Jan - Copies of Newspaper publication - Intimation of Change in Registrar and Share Transfer Agent
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Confirm dematerialisation for quarter ended 31-Dec-2025; certificates cancelled, depository substituted; shares listed on BSE and NSE.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2023
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Aug 2025TranscriptAI SummaryPPT
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Apr 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPT
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May 2024Transcript PPT
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Mar 2024TranscriptPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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Jun 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Dec 2017TranscriptAI SummaryPPT
Market Leadership
The company is India's largest manufacturer and exporter of electrical laminations and a leading supplier of complicated sub-assemblies for motors and generators. [1]