PTC India Ltd
PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). [1][2]
- Market Cap ₹ 2,914 Cr.
- Current Price ₹ 98.4
- High / Low ₹ 118 / 67.5
- Stock P/E 8.78
- Book Value ₹ 140
- Dividend Yield 7.92 %
- ROCE 9.71 %
- ROE 8.25 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.71 times its book value
- Company's working capital requirements have reduced from 46.7 days to 35.3 days
Cons
- The company has delivered a poor sales growth of 5.64% over past five years.
- Promoter holding is low: 16.2%
- Company has a low return on equity of 10.6% over last 3 years.
- Contingent liabilities of Rs.1,000 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7,613 | 8,866 | 11,414 | 13,018 | 12,476 | 14,075 | 11,315 | 13,496 | 16,443 | 16,963 | 15,631 | 14,887 | |
7,493 | 8,695 | 11,097 | 12,743 | 12,207 | 13,764 | 10,951 | 13,081 | 16,005 | 16,329 | 15,019 | 14,445 | |
Operating Profit | 120 | 171 | 318 | 275 | 268 | 311 | 364 | 414 | 438 | 634 | 612 | 442 |
OPM % | 2% | 2% | 3% | 2% | 2% | 2% | 3% | 3% | 3% | 4% | 4% | 3% |
77 | 14 | 58 | 36 | 184 | 238 | 203 | 132 | 45 | -32 | 6 | 72 | |
Interest | 27 | 2 | 7 | 5 | 105 | 137 | 120 | 145 | 58 | 34 | 43 | 29 |
Depreciation | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
Profit before tax | 166 | 178 | 364 | 301 | 344 | 409 | 445 | 397 | 423 | 566 | 571 | 481 |
Tax % | 27% | 28% | 31% | 33% | 32% | 29% | 28% | 34% | 24% | 27% | 26% | 23% |
Net Profit | 120 | 129 | 251 | 203 | 234 | 291 | 319 | 262 | 320 | 410 | 425 | 370 |
EPS in Rs | 4.08 | 4.35 | 8.49 | 6.86 | 7.92 | 9.83 | 10.78 | 8.86 | 10.81 | 13.86 | 14.35 | 12.49 |
Dividend Payout % | 37% | 37% | 24% | 32% | 32% | 31% | 37% | 45% | 51% | 54% | 54% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | -3% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 1% |
3 Years: | 1% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 44% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
295 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | |
Reserves | 1,955 | 2,030 | 2,212 | 2,343 | 2,590 | 2,779 | 2,924 | 3,032 | 3,217 | 3,406 | 3,619 | 3,836 |
0 | 0 | 0 | 0 | 734 | 721 | 689 | 973 | 833 | 957 | 1,232 | 202 | |
1,362 | 1,196 | 1,206 | 1,739 | 2,563 | 2,809 | 2,305 | 3,044 | 4,487 | 3,745 | 4,418 | 4,109 | |
Total Liabilities | 3,612 | 3,521 | 3,715 | 4,378 | 6,183 | 6,604 | 6,214 | 7,346 | 8,833 | 8,404 | 9,564 | 8,443 |
34 | 33 | 30 | 27 | 25 | 25 | 23 | 22 | 21 | 21 | 22 | 19 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 824 | 924 | 960 | 1,454 | 1,369 | 2,268 | 1,746 | 1,604 | 1,617 | 1,957 | 1,778 | 1,647 |
2,754 | 2,564 | 2,725 | 2,896 | 4,789 | 4,311 | 4,445 | 5,720 | 7,195 | 6,426 | 7,765 | 6,777 | |
Total Assets | 3,612 | 3,521 | 3,715 | 4,378 | 6,183 | 6,604 | 6,214 | 7,346 | 8,833 | 8,404 | 9,564 | 8,443 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-853 | 452 | 234 | 258 | -181 | 941 | -299 | -482 | -235 | 706 | 267 | 1,302 | |
585 | -94 | -334 | -142 | 323 | -704 | 655 | 266 | 31 | -354 | 171 | -24 | |
-77 | -50 | -54 | -66 | -230 | -230 | -243 | -0 | 328 | -125 | 14 | -1,231 | |
Net Cash Flow | -345 | 308 | -154 | 50 | -88 | 7 | 114 | -216 | 123 | 227 | 452 | 47 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 124 | 88 | 67 | 71 | 108 | 85 | 105 | 128 | 151 | 126 | 157 | 132 |
Inventory Days | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Payable | 62 | 48 | ||||||||||
Cash Conversion Cycle | 64 | 41 | 67 | 71 | 108 | 85 | 105 | 128 | 151 | 126 | 157 | 132 |
Working Capital Days | 65 | 41 | 31 | 24 | 38 | 15 | 36 | 51 | 54 | 48 | 57 | 35 |
ROCE % | 7% | 8% | 15% | 13% | 14% | 14% | 15% | 13% | 11% | 15% | 12% | 10% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Compliance Report along with Annexure-A, duly issued by Ashish Kapoor & Associates, Company Secretaries, for the financial year ended 31st March, 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 May - Investor / Analyst meet for Q4FY23 and FY23, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
- PTC India Limited Audited Standalone And Consolidated Results For Quarter And Financial Year Ended March 31, 2023 27 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 May - PTC's Board recommends a dividend of INR 7.80 / equity share for FY23
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 May - PTC India Limited-Investor Presentation for Q4 & Year ended FY 23
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Jul 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Jun 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Oct 2019Transcript PPT
Business Segments
The company provides integrated energy services including Power Trading, Renewable Energy, Advisory Services and Investment services primarily through its subsidiaries.
Power- Trading & generation of power.
Investment- Investing in equity or extending debt to power projects in generation, transmission, distribution, fuel resources and fuel related infrastructure. [1] [2]