PTC India Ltd

About [ edit ]

PTC India is principally engaged in trading of power.

  • Market Cap 2,966 Cr.
  • Current Price 100
  • High / Low 111 / 44.6
  • Stock P/E 6.54
  • Book Value 125
  • Dividend Yield 2.00 %
  • ROCE 14.5 %
  • ROE 12.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.80 times its book value
  • Company has been maintaining a healthy dividend payout of 50.04%

Cons

  • The company has delivered a poor sales growth of 6.34% over past five years.
  • Promoter holding is low: 16.22%
  • Company has a low return on equity of 10.06% for last 3 years.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
3,387 4,535 2,922 2,651 4,973 4,750 3,465 3,255 4,262 5,624 3,484 3,593
3,293 4,403 2,830 2,558 4,871 4,609 3,374 3,154 4,168 5,424 3,325 3,419
Operating Profit 95 132 93 93 102 141 91 101 94 201 159 174
OPM % 3% 3% 3% 4% 2% 3% 3% 3% 2% 4% 5% 5%
Other Income 32 65 13 22 3 36 3 2 4 22 1 -57
Interest 31 56 25 31 9 15 15 17 6 5 7 9
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 94 141 79 83 96 162 79 86 91 216 152 106
Tax % 35% 32% 35% 35% 35% 17% 26% 25% 26% 23% 26% 40%
Net Profit 61 96 51 54 63 135 58 64 68 166 113 63
EPS in Rs 2.08 3.23 1.73 1.82 2.12 4.56 1.97 2.17 2.29 5.61 3.82 2.14

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7,679 8,908 7,613 8,866 11,414 13,018 12,476 14,075 11,315 13,496 16,443 16,963
7,614 8,765 7,467 8,694 11,097 12,744 12,207 13,764 10,951 13,081 16,003 16,336
Operating Profit 64 142 146 172 317 274 268 311 364 414 440 628
OPM % 1% 2% 2% 2% 3% 2% 2% 2% 3% 3% 3% 4%
Other Income 74 62 51 12 59 37 184 238 203 132 44 -32
Interest 1 2 27 2 7 5 105 137 120 145 58 28
Depreciation 6 5 4 4 4 4 4 3 3 3 3 3
Profit before tax 132 197 166 178 364 301 344 409 445 397 423 566
Tax % 29% 30% 27% 28% 31% 33% 32% 29% 28% 34% 24% 27%
Net Profit 94 139 120 129 251 203 234 291 319 262 320 410
EPS in Rs 4.70 4.08 4.35 8.49 6.86 7.92 9.83 10.78 8.86 10.81 13.86
Dividend Payout % 38% 32% 37% 37% 24% 32% 32% 31% 37% 45% 51% 54%
Compounded Sales Growth
10 Years:7%
5 Years:6%
3 Years:14%
TTM:3%
Compounded Profit Growth
10 Years:13%
5 Years:15%
3 Years:13%
TTM:41%
Stock Price CAGR
10 Years:3%
5 Years:5%
3 Years:7%
1 Year:91%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:10%
Last Year:13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
295 295 295 296 296 296 296 296 296 296 296 296
Reserves 1,802 1,885 1,955 2,030 2,212 2,343 2,590 2,779 2,924 3,032 3,217 3,406
Borrowings 0 0 0 0 0 0 734 721 689 973 833 957
399 632 1,362 1,196 1,206 1,739 2,563 2,809 2,305 3,044 4,487 3,745
Total Liabilities 2,495 2,812 3,612 3,521 3,715 4,378 6,183 6,604 6,214 7,346 8,833 8,404
42 38 34 33 30 27 25 25 23 22 21 21
CWIP 1 0 0 0 0 0 0 0 0 0 0 0
Investments 876 1,053 824 924 960 1,454 1,369 2,268 1,746 1,604 1,617 1,957
1,577 1,721 2,754 2,564 2,725 2,896 4,789 4,311 4,445 5,720 7,195 6,426
Total Assets 2,495 2,812 3,612 3,521 3,715 4,378 6,183 6,604 6,214 7,346 8,833 8,404

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-74 -147 -853 452 234 258 -181 941 -299 -482 -235 706
-12 156 585 -94 -334 -142 323 -704 655 266 31 -354
455 -42 -77 -50 -54 -66 -230 -230 -243 -0 328 -125
Net Cash Flow 369 -33 -345 308 -154 50 -88 7 114 -216 123 227

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 6% 9% 7% 8% 15% 13% 14% 14% 15% 13% 11% 15%
Debtor Days 25 40 124 88 67 71 108 85 105 128 151 126
Inventory Turnover 358.95 281.44 1,199.66

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22
32.60 37.52 38.00 36.22 35.71 36.04 35.32 28.41 26.15 28.70 31.95 34.29
25.02 23.95 22.96 22.63 20.67 20.04 19.03 17.74 15.48 12.88 12.54 10.06
0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03
26.15 22.30 22.81 24.92 27.38 27.67 29.41 37.61 42.13 42.18 39.26 39.40

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