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 ₹ 3,241 Cr.
- Current Price ₹ 861
- High / Low ₹ 1,228 / 675
- Stock P/E 26.0
- Book Value ₹ 262
- Dividend Yield 0.30 %
- ROCE 14.8 %
- ROE 12.5 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 31.6% CAGR over last 5 years
- Debtor days have improved from 52.2 to 39.4 days.
Cons
- Promoter holding has decreased over last 3 years: -5.12%
* 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 Industrials BSE 1000
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 525 | 518 | 954 | 1,100 | 1,244 | 1,705 | 1,913 | 1,985 | |
| 447 | 439 | 821 | 949 | 1,063 | 1,433 | 1,597 | 1,659 | |
| Operating Profit | 78 | 80 | 133 | 151 | 181 | 271 | 316 | 327 |
| OPM % | 15% | 15% | 14% | 14% | 15% | 16% | 17% | 16% |
| 4 | 19 | 16 | 18 | 48 | 39 | 40 | 34 | |
| Interest | 34 | 30 | 40 | 45 | 51 | 68 | 83 | 85 |
| Depreciation | 27 | 30 | 39 | 45 | 59 | 81 | 105 | 107 |
| Profit before tax | 20 | 39 | 71 | 80 | 119 | 162 | 168 | 167 |
| Tax % | 14% | 25% | 26% | 26% | 25% | 24% | 30% | |
| 17 | 29 | 52 | 59 | 90 | 122 | 118 | 124 | |
| EPS in Rs | 5.34 | 8.97 | 16.18 | 18.36 | 27.99 | 32.48 | 31.29 | 33.04 |
| Dividend Payout % | 0% | 0% | 13% | 15% | 5% | 5% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 20% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 26% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 38% |
| 3 Years: | 7% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 16% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 19 | 19 | |
| Reserves | 220 | 268 | 318 | 457 | 880 | 968 | |
| 318 | 393 | 356 | 628 | 690 | 811 | ||
| 148 | 280 | 287 | 290 | 416 | 340 | ||
| Total Liabilities | 701 | 957 | 978 | 1,391 | 2,004 | 2,138 | |
| 285 | 327 | 364 | 465 | 1,027 | 1,153 | ||
| CWIP | 1 | 1 | 24 | 122 | 63 | 50 | |
| Investments | 16 | 16 | 15 | 0 | 0 | 0 | |
| 399 | 613 | 574 | 804 | 914 | 935 | ||
| Total Assets | 701 | 957 | 978 | 1,391 | 2,004 | 2,138 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 32 | 88 | 222 | 80 | 289 | 205 | ||
| -66 | -93 | -104 | -247 | -536 | -175 | ||
| 28 | 12 | -87 | 203 | 269 | -9 | ||
| Net Cash Flow | -6 | 7 | 32 | 37 | 22 | 21 | |
| Free Cash Flow | -33 | 10 | 118 | -129 | -58 | 2 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 47% | 80% | 170% | 50% | 120% | 76% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 121 | 78 | 60 | 63 | 55 | 39 | |
| Inventory Days | 171 | 147 | 112 | 136 | 118 | 124 | |
| Days Payable | 115 | 119 | 117 | 113 | 118 | 77 | |
| Cash Conversion Cycle | 178 | 106 | 55 | 86 | 55 | 87 | |
| Working Capital Days | 24 | 23 | 9 | 16 | 3 | 22 | |
| ROCE % | 18% | 18% | 19% | 17% | 15% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Export Revenue Share % |
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| Total Lamination Sales Volume MT |
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| Sheet Metal Installed Capacity MT |
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| Sheet Metal Capacity Utilization % |
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| Machining Hours Capacity Utilization % |
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| Total Castings & Machined Components Sales Volume MT |
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| Traction Motor & Railway Components Revenue Share % |
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| Casting Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Pitti Engineering approved INR450 crore greenfield capex, raising cumulative expansion to INR740 crore by FY31.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication - Interim dividend and record date
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2FY27 earnings call available; transcript to follow.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper financial results for the quarter and half year ended September 30, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q2/H1FY27 results released; revenue rose, and ₹450 crore capex planned for Bengaluru capacity expansion by FY31.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2023
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Concalls
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Oct 2026Transcript PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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May 2026PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Aug 2025PPT
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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 2024Transcript PPT
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Aug 2024Transcript
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May 2024Transcript PPT
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Mar 2024Transcript
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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 2023PPT
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Jun 2023Transcript PPT
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May 2023PPT
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Feb 2023Transcript PPT
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Feb 2023PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021PPT
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Feb 2018PPT
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Dec 2017PPT
Business Overview: [1] [2]
Pitti Engineering manufactures components used in motors, generators and heavy engineering equipment such as electrical steel laminations, stator/rotor assemblies, shafts, castings, machined components and fabricated parts.