Pitti Engineering Ltd

Pitti Engineering Ltd

₹ 953 2.38%
12 Aug - close price
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 3,587 Cr.
  • Current Price 953
  • High / Low 1,512 / 835
  • Stock P/E 28.5
  • Book Value 239
  • Dividend Yield 0.16 %
  • ROCE 17.5 %
  • ROE 18.6 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 48.2% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
311 304 238 248 290 303 302 336 391 429 415 469 457
275 268 199 207 247 258 250 284 333 363 348 389 381
Operating Profit 35 37 39 41 42 45 51 52 58 66 67 80 75
OPM % 11% 12% 16% 16% 15% 15% 17% 15% 15% 15% 16% 17% 16%
1 0 1 16 1 13 3 32 3 26 6 4 7
Interest 11 12 12 10 12 11 14 14 17 19 13 19 21
Depreciation 10 11 11 13 13 13 16 16 17 20 21 22 26
Profit before tax 15 14 17 34 19 33 25 54 28 53 39 42 37
Tax % 22% 29% 28% 26% 25% 32% 38% 14% 30% 28% 26% 14% 37%
12 10 12 25 14 22 16 46 19 38 29 36 23
EPS in Rs 3.65 3.17 3.78 7.75 4.36 6.87 4.90 14.35 6.04 10.72 7.64 9.60 6.08
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
525 518 954 1,100 1,202 1,705 1,770
447 439 821 949 1,024 1,433 1,481
Operating Profit 78 80 133 151 178 271 288
OPM % 15% 15% 14% 14% 15% 16% 16%
4 19 16 18 48 39 43
Interest 34 30 40 45 50 68 71
Depreciation 27 30 39 45 54 81 89
Profit before tax 20 39 71 80 122 162 171
Tax % 14% 25% 26% 26% 26% 24%
17 29 52 59 90 122 126
EPS in Rs 5.34 8.97 16.18 18.36 28.14 32.48 34.04
Dividend Payout % 0% 0% 13% 15% 5% 5%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 21%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 48%
3 Years: 33%
TTM: 22%
Stock Price CAGR
10 Years: 30%
5 Years: 101%
3 Years: 42%
1 Year: -26%
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 16 16 16 19
Reserves 220 268 318 400 880
318 393 356 616 690
148 280 287 298 416
Total Liabilities 701 957 978 1,330 2,004
285 327 364 422 1,027
CWIP 1 1 24 118 63
Investments 16 16 15 15 0
399 613 574 775 914
Total Assets 701 957 978 1,330 2,004

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
32 88 223 74 289
-66 -93 -104 -236 -536
28 12 -87 198 269
Net Cash Flow -6 7 32 36 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 121 78 60 64 55
Inventory Days 171 147 112 122 118
Days Payable 115 119 117 103 119
Cash Conversion Cycle 178 106 55 83 54
Working Capital Days 24 23 9 9 3
ROCE % 18% 18% 20% 18%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 59.29% 53.58% 54.17% 54.17% 54.17%
0.05% 0.10% 0.00% 0.19% 0.13% 0.22% 0.50% 0.79% 1.29% 1.31% 0.90% 0.79%
2.90% 5.53% 5.91% 6.19% 5.51% 6.56% 5.88% 5.87% 17.53% 18.36% 18.80% 19.15%
37.77% 35.07% 34.79% 34.34% 35.07% 33.94% 34.33% 34.04% 27.61% 26.15% 25.27% 24.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.85% 1.03%
No. of Shareholders 27,87926,95026,75728,54234,50641,37243,75045,70350,99354,53153,36854,800

* 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