Pitti Engineering Ltd

Pitti Engineering Ltd

₹ 905 1.12%
15 May 3:47 p.m.
About

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.

Key Points

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]

  • Market Cap 3,409 Cr.
  • Current Price 905
  • High / Low 1,070 / 675
  • Stock P/E 34.9
  • Book Value 253
  • Dividend Yield 0.17 %
  • ROCE 13.4 %
  • ROE 10.6 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 26.7% CAGR over last 5 years
  • Debtor days have improved from 52.8 to 40.4 days.

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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
248 290 303 302 336 360 379 364 422 382 396 422 390
207 247 258 250 284 304 320 303 351 315 327 351 315
Operating Profit 41 42 45 51 52 56 59 61 71 67 69 70 75
OPM % 16% 15% 15% 17% 15% 16% 16% 17% 17% 18% 17% 17% 19%
16 1 13 3 32 4 26 6 3 7 22 6 4
Interest 10 12 11 14 14 17 19 13 19 20 19 21 22
Depreciation 13 13 13 16 16 16 19 20 21 24 24 25 24
Profit before tax 34 19 33 25 54 26 47 33 34 29 48 31 33
Tax % 26% 25% 32% 38% 14% 30% 28% 27% 11% 40% 25% 29% 31%
25 14 22 16 46 19 34 24 30 18 36 22 23
EPS in Rs 7.75 4.36 6.87 4.90 14.35 5.78 9.60 6.45 7.96 4.67 9.45 5.77 6.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
335 308 283 379 622 525 518 954 1,100 1,244 1,525 1,590
295 289 250 323 530 447 439 821 948 1,062 1,276 1,308
Operating Profit 41 19 34 55 92 78 80 133 152 183 248 282
OPM % 12% 6% 12% 15% 15% 15% 15% 14% 14% 15% 16% 18%
2 2 3 2 1 4 19 16 17 47 37 39
Interest 11 17 15 23 30 34 30 40 45 51 68 83
Depreciation 16 15 16 18 22 27 30 39 45 59 77 98
Profit before tax 15 -11 5 16 40 20 39 71 80 119 140 140
Tax % 38% -16% 16% 31% 41% 14% 25% 26% 26% 25% 24% 30%
9 -10 4 11 24 17 29 52 59 90 107 98
EPS in Rs 3.46 -3.54 1.60 3.78 7.95 5.34 8.98 16.19 18.36 27.99 28.37 25.90
Dividend Payout % 29% 0% 0% 0% 0% 0% 0% 13% 15% 5% 5% 10%
Compounded Sales Growth
10 Years: 18%
5 Years: 25%
3 Years: 13%
TTM: 4%
Compounded Profit Growth
10 Years: 28%
5 Years: 27%
3 Years: 18%
TTM: -10%
Stock Price CAGR
10 Years: 36%
5 Years: 67%
3 Years: 36%
1 Year: -8%
Return on Equity
10 Years: 15%
5 Years: 16%
3 Years: 15%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 15 15 16 16 16 16 16 19 19
Reserves 104 93 99 140 161 192 220 268 318 457 865 933
143 174 181 256 247 245 317 393 356 628 687 805
107 81 117 139 161 143 148 280 287 290 383 300
Total Liabilities 368 362 410 549 584 596 701 956 978 1,391 1,954 2,056
87 76 94 201 227 247 285 327 364 465 793 898
CWIP 10 12 31 9 5 8 1 1 24 122 61 42
Investments 16 16 17 17 16 16 16 16 15 0 258 258
255 258 268 321 336 324 399 613 574 804 843 858
Total Assets 368 362 410 549 584 596 701 956 978 1,391 1,954 2,056

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
45 -7 73 28 71 69 34 88 223 80 261
-20 -7 -56 -113 -46 -46 -66 -93 -104 -247 -558
-20 14 -20 86 -26 -21 28 12 -87 203 286
Net Cash Flow 6 -0 -4 1 -2 3 -4 7 32 37 -10
Free Cash Flow 25 -16 15 -86 22 46 -30 10 118 -129 -77
CFO/OP 118% -14% 219% 53% 82% 101% 50% 80% 169% 50% 120%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 112 133 116 132 107 97 121 78 60 63 55 40
Inventory Days 173 211 262 191 85 134 171 147 112 136 126 143
Days Payable 139 120 219 160 88 102 115 119 117 113 128 89
Cash Conversion Cycle 146 224 159 163 104 128 178 106 55 86 53 95
Working Capital Days 22 16 1 10 10 10 24 23 9 16 2 24
ROCE % 11% 2% 7% 12% 17% 12% 14% 18% 18% 19% 16% 13%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Mar 2027 (P)
Installed Capacity - Machining
Hours

Log in to view insights

Please log in to see hidden values.

Login
Installed Capacity - Sheet Metal
MT
Sales Volume - Laminations
MT
Capacity Utilization - Sheet Metal
%
Installed Capacity - Casting
MT
Total Order Book
Rs. Crores
Sales Volume - Machined Components & Castings
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.29% 59.29% 59.29% 59.29% 59.29% 53.58% 54.17% 54.17% 54.17% 54.17% 54.17% 54.17%
0.19% 0.13% 0.22% 0.50% 0.79% 1.29% 1.31% 0.90% 0.79% 0.87% 0.93% 1.12%
6.19% 5.51% 6.56% 5.88% 5.87% 17.53% 18.36% 18.80% 19.15% 20.53% 20.23% 20.23%
34.34% 35.07% 33.94% 34.33% 34.04% 27.61% 26.15% 25.27% 24.85% 22.78% 22.71% 22.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.85% 1.03% 1.65% 1.97% 1.97%
No. of Shareholders 28,54234,50641,37243,75045,70350,99354,53153,36854,80039,52037,95337,405

* 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.

Documents

Concalls