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 ₹ 3,439 Cr.
- Current Price ₹ 913
- High / Low ₹ 1,070 / 675
- Stock P/E 27.0
- Book Value ₹ 250
- Dividend Yield 0.16 %
- 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 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 525 | 518 | 954 | 1,100 | 1,244 | 1,705 | 1,880 | |
| 447 | 439 | 821 | 949 | 1,063 | 1,433 | 1,566 | |
| Operating Profit | 78 | 80 | 133 | 151 | 181 | 271 | 314 |
| OPM % | 15% | 15% | 14% | 14% | 15% | 16% | 17% |
| 4 | 19 | 16 | 18 | 48 | 39 | 39 | |
| Interest | 34 | 30 | 40 | 45 | 51 | 68 | 80 |
| Depreciation | 27 | 30 | 39 | 45 | 59 | 81 | 100 |
| Profit before tax | 20 | 39 | 71 | 80 | 119 | 162 | 172 |
| Tax % | 14% | 25% | 26% | 26% | 25% | 24% | |
| 17 | 29 | 52 | 59 | 90 | 122 | 127 | |
| EPS in Rs | 5.34 | 8.97 | 16.18 | 18.36 | 27.99 | 32.48 | 33.82 |
| Dividend Payout % | 0% | 0% | 13% | 15% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 21% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 33% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 70% |
| 3 Years: | 43% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 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 | |
| Free Cash Flow | -33 | 10 | 118 | -129 | -58 | |
| CFO/OP | 47% | 80% | 170% | 50% | 120% |
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% |
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 |
|
|||||||||||
| 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
Documents
Announcements
-
Board Meeting Intimation for Approval Of Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March 2026 And Recommendation Of Final Dividend On Equity Shares Of The Company, If Any
2d - Board meets 14 May 2026 to approve FY26 audited results and consider final dividend.
-
Announcement Under Regulation 30 Of SEBI (LODR) - Updates On Scheme Of Amalgamation
13 Apr - NCLT Hyderabad, on 10 April 2026, dispensed meetings for PIPL and DFPL amalgamation into Pitti Engineering.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Apr
- Closure of Trading Window 25 Mar
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from web
-
Financial Year 2023
from web
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
Concalls
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
Aug 2025TranscriptAI SummaryPPT
-
Apr 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
Aug 2024TranscriptPPT
-
May 2024Transcript PPT
-
Mar 2024TranscriptPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Aug 2023TranscriptAI SummaryPPT
-
Jun 2023Transcript PPT
-
May 2023TranscriptAI SummaryPPT
-
Feb 2023Transcript PPT
-
Feb 2023TranscriptAI SummaryPPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022TranscriptPPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021TranscriptAI SummaryPPT
-
Feb 2018TranscriptAI SummaryPPT
-
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]