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 ₹ 2,880 Cr.
- Current Price ₹ 899
- High / Low ₹ 905 / 320
- Stock P/E 38.6
- Book Value ₹ 113
- Dividend Yield 0.30 %
- ROCE 18.2 %
- ROE 19.0 %
- Face Value ₹ 5.00
Pros
- Debtor days have improved from 86.4 to 60.2 days.
- Company's working capital requirements have reduced from 118 days to 68.4 days
Cons
- Stock is trading at 7.94 times its book value
* 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
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
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 | TTM | |
---|---|---|---|---|---|
525 | 518 | 954 | 1,100 | 1,121 | |
447 | 439 | 821 | 949 | 952 | |
Operating Profit | 78 | 80 | 133 | 151 | 170 |
OPM % | 15% | 15% | 14% | 14% | 15% |
4 | 19 | 16 | 18 | 33 | |
Interest | 34 | 30 | 40 | 45 | 46 |
Depreciation | 27 | 30 | 39 | 45 | 53 |
Profit before tax | 20 | 39 | 71 | 80 | 103 |
Tax % | 14% | 25% | 26% | 26% | |
17 | 29 | 52 | 59 | 75 | |
EPS in Rs | 5.34 | 8.97 | 16.18 | 18.36 | 23.31 |
Dividend Payout % | 0% | 0% | 13% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 28% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 51% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | 47% |
5 Years: | 78% |
3 Years: | 141% |
1 Year: | 174% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 |
Reserves | 220 | 268 | 318 | 347 |
318 | 393 | 356 | 478 | |
148 | 280 | 287 | 259 | |
Total Liabilities | 701 | 957 | 978 | 1,101 |
285 | 327 | 364 | 382 | |
CWIP | 1 | 1 | 24 | 33 |
Investments | 16 | 16 | 15 | 15 |
399 | 613 | 574 | 670 | |
Total Assets | 701 | 957 | 978 | 1,101 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
32 | 88 | 222 | ||
-66 | -93 | -104 | ||
28 | 12 | -87 | ||
Net Cash Flow | -6 | 7 | 32 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Debtor Days | 121 | 78 | 60 | |
Inventory Days | 171 | 147 | 112 | |
Days Payable | 115 | 119 | 117 | |
Cash Conversion Cycle | 178 | 106 | 55 | |
Working Capital Days | 176 | 111 | 68 | |
ROCE % | 18% | 18% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 26 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR), Regulations 2015 18 Apr
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations 2015 For The Year Ended 31St March 2024 2 Apr
Annual reports
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Financial Year 2023
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Financial Year 2023
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Financial Year 2021
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Financial Year 2020
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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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Financial Year 2013
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Financial Year 2012
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Concalls
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Mar 2024TranscriptPPT
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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 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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May 2022TranscriptPPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
Products Portfolio
The product portfolio of the co. includes Sheet Metal used in 20+ end user industries , Precision Machining used for complex machining parts, & Assemblies. And the products under developments are Fabricated Assembles and Machining for Mining applications for Dumper Trucks (Wheel Hub, Support Seals, Flywheel), Die cast rotors & Wind Generator products for more than 6 MW and off-shore machines and EV motors for HT applications. [1]