PTC India Ltd

₹ 84.2 -0.65%
18 Aug - close price
About

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]

Key Points

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]

  • Market Cap 2,491 Cr.
  • Current Price 84.2
  • High / Low 144 / 70.2
  • Stock P/E 5.86
  • Book Value 132
  • Dividend Yield 2.38 %
  • ROCE 12.4 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.64 times its book value

Cons

  • The company has delivered a poor sales growth of 2.12% over past five years.
  • Promoter holding is low: 16.2%
  • Company has a low return on equity of 11.1% for last 3 years.
  • Contingent liabilities of Rs.979 Cr.
  • Company has high debtors of 157 days.

* 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
2,651 4,973 4,750 3,465 3,255 4,262 5,624 3,484 3,593 4,621 5,124 3,055 2,831
2,558 4,871 4,609 3,374 3,154 4,168 5,424 3,325 3,419 4,512 4,964 2,940 2,609
Operating Profit 93 102 141 91 101 94 201 159 174 109 160 115 222
OPM % 4% 2% 3% 3% 3% 2% 4% 5% 5% 2% 3% 4% 8%
22 3 36 3 2 4 22 1 -57 1 1 2 2
Interest 31 9 15 15 17 6 5 7 9 5 9 10 13
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 83 96 162 79 86 91 216 152 106 104 151 106 211
Tax % 35% 35% 17% 26% 25% 26% 23% 26% 40% 26% 25% 25% 26%
Net Profit 54 63 135 58 64 68 166 113 63 77 113 79 156
EPS in Rs 1.82 2.12 4.56 1.97 2.17 2.29 5.61 3.82 2.14 2.60 3.81 2.68 5.27

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8,908 7,613 8,866 11,414 13,018 12,476 14,075 11,315 13,496 16,443 16,963 15,631
8,767 7,493 8,695 11,097 12,743 12,207 13,764 10,951 13,081 16,005 16,329 15,025
Operating Profit 141 120 171 318 275 268 311 364 414 438 634 606
OPM % 2% 2% 2% 3% 2% 2% 2% 3% 3% 3% 4% 4%
63 77 14 58 36 184 238 203 132 45 -32 6
Interest 2 27 2 7 5 105 137 120 145 58 34 37
Depreciation 5 4 4 4 4 4 3 3 3 3 3 4
Profit before tax 197 166 178 364 301 344 409 445 397 423 566 571
Tax % 30% 27% 28% 31% 33% 32% 29% 28% 34% 24% 27% 26%
Net Profit 139 120 129 251 203 234 291 319 262 320 410 425
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 14.35
Dividend Payout % 32% 37% 37% 24% 32% 32% 31% 37% 45% 51% 54% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 2%
3 Years: 5%
TTM: -8%
Compounded Profit Growth
10 Years: 15%
5 Years: 8%
3 Years: 17%
TTM: -6%
Stock Price CAGR
10 Years: 4%
5 Years: -6%
3 Years: 12%
1 Year: -11%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 11%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
295 295 296 296 296 296 296 296 296 296 296 296
Reserves 1,885 1,955 2,030 2,212 2,343 2,590 2,779 2,924 3,032 3,217 3,406 3,619
0 0 0 0 0 734 721 689 973 833 957 1,232
632 1,362 1,196 1,206 1,739 2,563 2,809 2,305 3,044 4,487 3,745 4,418
Total Liabilities 2,812 3,612 3,521 3,715 4,378 6,183 6,604 6,214 7,346 8,833 8,404 9,564
38 34 33 30 27 25 25 23 22 21 21 22
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,053 824 924 960 1,454 1,369 2,268 1,746 1,604 1,617 1,957 1,778
1,721 2,754 2,564 2,725 2,896 4,789 4,311 4,445 5,720 7,195 6,426 7,765
Total Assets 2,812 3,612 3,521 3,715 4,378 6,183 6,604 6,214 7,346 8,833 8,404 9,564

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-147 -853 452 234 258 -181 941 -299 -482 -235 706 267
156 585 -94 -334 -142 323 -704 655 266 31 -354 171
-42 -77 -50 -54 -66 -230 -230 -243 -0 328 -125 14
Net Cash Flow -33 -345 308 -154 50 -88 7 114 -216 123 227 452

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 40 124 88 67 71 108 85 105 128 151 126 157
Inventory Days 0 2 1 0 0 0 0 0 0 0 0 0
Days Payable 62 48
Cash Conversion Cycle 40 64 41 67 71 108 85 105 128 151 126 157
Working Capital Days 17 65 41 31 24 38 15 36 51 54 48 62
ROCE % 9% 7% 8% 15% 13% 14% 14% 15% 13% 11% 15% 12%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22 16.22
35.71 36.04 35.32 28.41 26.15 28.70 31.95 34.29 34.68 34.13 33.18 32.33
20.67 20.04 19.03 17.74 15.48 12.88 12.54 10.06 9.59 12.46 9.82 9.47
0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.00 0.00 0.00
27.38 27.67 29.41 37.61 42.13 42.18 39.26 39.40 39.48 37.19 40.79 41.99

Documents

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