PTC India Ltd

PTC India is principally engaged in trading of power.

Pros:
Stock is trading at 0.49 times its book value
Stock is providing a good dividend yield of 7.32%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 37.59%
Cons:
The company has delivered a poor growth of 3.41% over past five years.
Promoter holding is low: 16.22%
Company has a low return on equity of 9.17% for last 3 years.
Contingent liabilities of Rs.526.15 Cr.

Peer Comparison Sector: Trading // Industry: Trading

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
4,050 3,112 3,269 2,966 3,488 2,700 2,162 3,387 4,535 2,922 2,651 4,973
3,959 3,058 3,179 2,877 3,395 2,614 2,068 3,293 4,403 2,830 2,558 4,871
Operating Profit 91 54 90 89 94 86 93 95 132 93 93 102
OPM % 2% 2% 3% 3% 3% 3% 4% 3% 3% 3% 4% 2%
Other Income 102 21 76 43 125 18 18 32 65 13 22 3
Interest 47 13 45 35 53 16 13 31 56 25 31 9
Depreciation 1 0 1 1 1 1 1 1 1 1 1 1
Profit before tax 145 62 121 96 165 87 98 94 141 79 83 96
Tax % 22% 31% 35% 32% 21% 32% 34% 35% 32% 35% 35% 35%
Net Profit 113 43 79 65 131 59 64 61 96 51 54 63
EPS in Rs 3.82 1.44 2.66 2.21 4.41 1.99 2.17 2.08 3.23 1.74 1.82 2.12
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
3,844 6,442 7,679 8,908 7,613 8,866 11,414 13,018 12,476 14,075 11,315 13,496 15,082
3,825 6,416 7,614 8,765 7,467 8,694 11,097 12,744 12,207 13,764 10,951 13,081 14,663
Operating Profit 19 26 64 142 146 172 317 274 268 311 364 414 419
OPM % 0% 0% 1% 2% 2% 2% 3% 2% 2% 2% 3% 3% 3%
Other Income 43 98 74 62 51 12 59 37 184 238 203 132 103
Interest 2 4 1 2 27 2 7 5 105 137 120 145 121
Depreciation 1 6 6 5 4 4 4 4 4 3 3 3 3
Profit before tax 59 113 132 197 166 178 364 301 344 409 445 397 399
Tax % 17% 20% 29% 30% 27% 28% 31% 33% 32% 29% 28% 34%
Net Profit 49 91 94 139 120 129 251 203 234 291 319 262 264
EPS in Rs 1.97 3.73 3.00 4.45 3.84 4.08 8.22 6.61 7.92 9.83 10.78 8.86 8.91
Dividend Payout % 47% 30% 38% 32% 37% 37% 24% 32% 32% 31% 37% 45%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:7.68%
5 Years:3.41%
3 Years:2.65%
TTM:28.50%
Compounded Profit Growth
10 Years:12.14%
5 Years:1.16%
3 Years:5.49%
TTM:-16.38%
Stock Price CAGR
10 Years:-6.18%
5 Years:-7.63%
3 Years:-9.75%
1 Year:-28.70%
Return on Equity
10 Years:7.84%
5 Years:8.89%
3 Years:9.17%
Last Year:8.01%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
227 227 295 295 295 296 296 296 296 296 296 296
Reserves 1,252 1,309 1,802 1,885 1,955 2,030 2,212 2,343 2,590 2,779 2,924 3,032
Borrowings 0 0 0 0 0 0 0 0 734 721 689 973
226 310 399 633 1,363 1,198 1,209 1,741 2,820 3,061 2,549 3,278
Total Liabilities 1,706 1,847 2,496 2,813 3,613 3,524 3,717 4,380 6,440 6,856 6,458 7,579
52 47 42 38 34 33 30 27 25 25 23 22
CWIP 1 1 1 0 0 0 0 0 0 0 0 0
Investments 1,326 799 876 1,053 824 924 960 1,454 1,369 2,268 1,746 1,604
326 1,000 1,577 1,722 2,755 2,567 2,727 2,899 5,046 4,563 4,688 5,953
Total Assets 1,706 1,847 2,496 2,813 3,613 3,524 3,717 4,380 6,440 6,856 6,458 7,579

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
17 -88 -74 -147 -853 452 234 258 -181 941 -299 -482
-1,115 616 -12 156 585 -94 -334 -142 323 -704 655 266
1,174 -27 455 -42 -77 -50 -54 -66 -230 -230 -243 -0
Net Cash Flow 76 502 369 -33 -345 308 -154 50 -88 7 114 -216

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 6% 7% 6% 9% 7% 8% 15% 13% 14% 14% 15% 13%
Debtor Days 17 20 25 40 124 88 67 71 108 85 105 128
Inventory Turnover 367.31 296.71 1,246.77