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 ₹ 5,504 Cr.
- Current Price ₹ 186
- High / Low ₹ 255 / 84.0
- Stock P/E 13.7
- Book Value ₹ 139
- Dividend Yield 4.19 %
- ROCE 9.63 %
- ROE 8.07 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.19%.
- Company has been maintaining a healthy dividend payout of 57.0%
- Company's working capital requirements have reduced from 46.7 days to 35.2 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 10.5% over last 3 years.
* 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7,613 | 8,866 | 11,414 | 13,018 | 12,476 | 14,075 | 11,315 | 13,496 | 16,443 | 16,963 | 15,631 | 14,887 | 16,055 | |
7,493 | 8,695 | 11,097 | 12,743 | 12,207 | 13,764 | 10,951 | 13,081 | 16,005 | 16,329 | 15,019 | 14,440 | 15,611 | |
Operating Profit | 120 | 171 | 318 | 275 | 268 | 311 | 364 | 414 | 438 | 634 | 612 | 447 | 444 |
OPM % | 2% | 2% | 3% | 2% | 2% | 2% | 3% | 3% | 3% | 4% | 4% | 3% | 3% |
77 | 14 | 58 | 36 | 184 | 238 | 203 | 132 | 45 | -32 | 6 | 72 | 130 | |
Interest | 27 | 2 | 7 | 5 | 105 | 137 | 120 | 145 | 58 | 34 | 43 | 34 | 7 |
Depreciation | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
Profit before tax | 166 | 178 | 364 | 301 | 344 | 409 | 445 | 397 | 423 | 566 | 571 | 481 | 563 |
Tax % | 27% | 28% | 31% | 33% | 32% | 29% | 28% | 34% | 24% | 27% | 26% | 23% | |
120 | 129 | 251 | 203 | 234 | 291 | 319 | 262 | 320 | 410 | 425 | 370 | 441 | |
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 | 14.90 |
Dividend Payout % | 37% | 37% | 24% | 32% | 32% | 31% | 37% | 45% | 51% | 54% | 54% | 62% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | -3% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 1% |
3 Years: | 0% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 20% |
3 Years: | 33% |
1 Year: | 116% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 295 | 296 | 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 | 3,828 |
0 | 0 | 0 | 0 | 734 | 721 | 689 | 973 | 833 | 957 | 1,232 | 202 | 342 | |
1,362 | 1,196 | 1,206 | 1,739 | 2,563 | 2,809 | 2,305 | 3,044 | 4,487 | 3,745 | 4,418 | 4,109 | 4,819 | |
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 | 9,285 |
34 | 33 | 30 | 27 | 25 | 25 | 23 | 22 | 21 | 21 | 22 | 19 | 19 | |
CWIP | 0 | 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 | 1,847 |
2,754 | 2,564 | 2,725 | 2,896 | 4,789 | 4,311 | 4,445 | 5,720 | 7,195 | 6,426 | 7,765 | 6,777 | 7,419 | |
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 | 9,285 |
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
- 8Th Extra Ordinary General Meeting Held On March 28, 2024 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Mar - Newspaper advertisements published on March 6, 2024 in the newspapers viz. Business Standard Delhi (English and Hindi) informing about he 8th Extra Ordinary General Meeting …
- Shareholder Meeting On Thursday, 28Th Day Of March 2024 4 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 Feb - In continuation of our letter dated February 09, 2024 As per Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations, 2015, enclosed please find the transcripts …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 Feb - In continuation of our letter dated February 9, 2024 As per Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations, 2015, regarding Investor / Analyst meet …
Annual reports
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Financial Year 2023
from bse
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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 nse
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Financial Year 2010
from bse
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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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 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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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
Pioneer in Power Trading
PTC undertakes trading activities which include long term trading of power generated from large power projects as well as short term trading arising as a result of supply and demand mismatches. It is co - promoter of India’s first electricity exchange (IEX) and does Cross Border Trade with Nepal, Bhutan & Bangladesh.[1] [2]