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 ₹ 3,073 Cr.
- Current Price ₹ 818
- High / Low ₹ 1,457 / 753
- Stock P/E 24.0
- Book Value ₹ 250
- Dividend Yield 0.18 %
- ROCE 17.0 %
- ROE 17.8 %
- Face Value ₹ 5.00
Pros
- 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,244 | 1,705 | 1,818 | |
| 447 | 439 | 821 | 949 | 1,063 | 1,433 | 1,518 | |
| Operating Profit | 78 | 80 | 133 | 151 | 181 | 271 | 300 |
| OPM % | 15% | 15% | 14% | 14% | 15% | 16% | 16% |
| 4 | 19 | 16 | 18 | 48 | 39 | 38 | |
| Interest | 34 | 30 | 40 | 45 | 51 | 68 | 72 |
| Depreciation | 27 | 30 | 39 | 45 | 59 | 81 | 95 |
| Profit before tax | 20 | 39 | 71 | 80 | 119 | 162 | 171 |
| Tax % | 14% | 25% | 26% | 26% | 25% | 24% | |
| 17 | 29 | 52 | 59 | 90 | 122 | 128 | |
| EPS in Rs | 5.34 | 8.97 | 16.18 | 18.36 | 27.99 | 32.48 | 33.97 |
| Dividend Payout % | 0% | 0% | 13% | 15% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 21% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 33% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 74% |
| 3 Years: | 35% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 19 | 19 |
| Reserves | 220 | 268 | 318 | 457 | 880 | 921 |
| 318 | 393 | 356 | 628 | 690 | 778 | |
| 148 | 280 | 287 | 290 | 416 | 425 | |
| Total Liabilities | 701 | 957 | 978 | 1,391 | 2,004 | 2,143 |
| 285 | 327 | 364 | 465 | 1,027 | 1,062 | |
| CWIP | 1 | 1 | 24 | 122 | 63 | 67 |
| Investments | 16 | 16 | 15 | 0 | 0 | 0 |
| 399 | 613 | 574 | 804 | 914 | 1,013 | |
| Total Assets | 701 | 957 | 978 | 1,391 | 2,004 | 2,143 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 32 | 88 | 223 | 80 | 289 | ||
| -66 | -93 | -104 | -247 | -536 | ||
| 28 | 12 | -87 | 203 | 269 | ||
| Net Cash Flow | -6 | 7 | 32 | 37 | 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 | 63 | 55 | |
| Inventory Days | 171 | 147 | 112 | 136 | 118 | |
| Days Payable | 115 | 119 | 117 | 113 | 119 | |
| Cash Conversion Cycle | 178 | 106 | 55 | 86 | 54 | |
| Working Capital Days | 24 | 23 | 9 | 16 | 3 | |
| ROCE % | 18% | 18% | 19% | 17% |
Documents
Announcements
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Cancellation Of Schedule Of Analyst / Institutional Investor Meetings
9 Dec - Analyst/investor meeting scheduled 12 Dec 2025 at Chhatrapati (Sambhajinagar) plant cancelled.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Dec - Non-deal roadshow 16-17 Dec 2025; Motilal Oswal 1x1 meetings in Mumbai; no UPSI.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Dec - Group meeting on 12 Dec 2025 at Chhatrapati, Sambhajinagar plant; discussions based on public information.
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Report On Re-Lodgement Of Transfer Request Of Physical Shares
3 Dec - Re-lodgement report of physical share transfer requests as of 30 Nov 2025 per SEBI circular.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Nov - Newspaper publication of notice loss of share certificate
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 2025TranscriptAI SummaryPPT
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Apr 2025Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 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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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]