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 ₹ 5,183 Cr.
- Current Price ₹ 175
- High / Low ₹ 247 / 128
- Stock P/E 8.35
- Book Value ₹ 196
- Dividend Yield 6.70 %
- ROCE 11.5 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.90 times its book value
- Stock is providing a good dividend yield of 6.68%.
- Company has been maintaining a healthy dividend payout of 46.2%
Cons
- The company has delivered a poor sales growth of -2.15% over past five years.
- Promoter holding is low: 16.2%
- Company has a low return on equity of 10.4% over last 3 years.
- Earnings include an other income of Rs.602 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.
Peer comparison
Utilities Power Power Power Trading
Part of BSE SmallCap BSE Allcap BSE Utilities Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
12,003 | 13,838 | 13,447 | 15,311 | 12,766 | 15,155 | 18,101 | 18,346 | 16,856 | 15,674 | 16,763 | 16,241 | 15,482 | |
11,171 | 12,836 | 12,333 | 13,918 | 11,612 | 13,201 | 16,275 | 16,649 | 15,276 | 14,563 | 15,694 | 15,104 | 14,422 | |
Operating Profit | 831 | 1,002 | 1,114 | 1,393 | 1,154 | 1,954 | 1,826 | 1,697 | 1,580 | 1,111 | 1,070 | 1,137 | 1,060 |
OPM % | 7% | 7% | 8% | 9% | 9% | 13% | 10% | 9% | 9% | 7% | 6% | 7% | 7% |
48 | 6 | 154 | 203 | 147 | 130 | 23 | 8 | 23 | 46 | 75 | 467 | 602 | |
Interest | 228 | 422 | 633 | 802 | 946 | 1,243 | 1,159 | 926 | 757 | 472 | 431 | 356 | 367 |
Depreciation | 9 | 8 | 10 | 21 | 97 | 97 | 100 | 100 | 101 | 10 | 10 | 9 | 9 |
Profit before tax | 642 | 577 | 624 | 772 | 258 | 744 | 589 | 679 | 745 | 675 | 703 | 1,239 | 1,286 |
Tax % | 30% | 32% | 35% | 34% | 36% | 34% | 31% | 33% | 26% | 25% | 24% | 21% | |
442 | 326 | 406 | 506 | 165 | 490 | 406 | 458 | 552 | 507 | 533 | 976 | 1,030 | |
EPS in Rs | 12.19 | 8.66 | 10.90 | 14.01 | 6.75 | 14.37 | 12.42 | 15.16 | 17.10 | 15.05 | 16.11 | 30.41 | 31.13 |
Dividend Payout % | 16% | 25% | 23% | 21% | 59% | 28% | 44% | 49% | 46% | 52% | 48% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | -2% |
3 Years: | -1% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 10% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 24% |
3 Years: | 27% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 |
Reserves | 2,613 | 2,786 | 3,255 | 3,559 | 3,423 | 3,666 | 3,891 | 4,124 | 4,427 | 4,723 | 4,846 | 5,509 |
3,895 | 5,110 | 7,724 | 9,999 | 12,353 | 13,320 | 11,408 | 11,479 | 9,771 | 6,546 | 4,327 | 2,962 | |
1,871 | 2,477 | 3,507 | 4,245 | 3,181 | 3,996 | 5,514 | 4,769 | 5,387 | 5,065 | 5,654 | 4,148 | |
Total Liabilities | 8,675 | 10,670 | 14,782 | 18,098 | 19,253 | 21,278 | 21,109 | 20,668 | 19,882 | 16,630 | 15,123 | 12,916 |
54 | 49 | 387 | 2,155 | 2,061 | 1,967 | 1,884 | 1,787 | 1,693 | 1,617 | 43 | 38 | |
CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 866 | 1,293 | 1,102 | 974 | 400 | 291 | 564 | 972 | 768 | 326 | 284 | 377 |
7,754 | 9,328 | 13,293 | 14,970 | 16,792 | 19,020 | 18,662 | 17,909 | 17,421 | 14,686 | 14,796 | 12,500 | |
Total Assets | 8,675 | 10,670 | 14,782 | 18,098 | 19,253 | 21,278 | 21,109 | 20,668 | 19,882 | 16,630 | 15,123 | 12,916 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,849 | -497 | -1,281 | 111 | -1,438 | -108 | 3,294 | 2,108 | 3,049 | 3,575 | 2,451 | 2,132 | |
-396 | -160 | 87 | -1,374 | 249 | 244 | -414 | -505 | 46 | 168 | -519 | 869 | |
2,012 | 709 | 1,124 | 1,353 | 1,278 | -408 | -2,570 | -1,085 | -2,788 | -4,019 | -2,042 | -2,165 | |
Net Cash Flow | -233 | 52 | -70 | 91 | 89 | -272 | 309 | 518 | 308 | -276 | -110 | 835 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 67 | 101 | 78 | 95 | 118 | 141 | 123 | 156 | 132 | 125 | 107 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Days Payable | ||||||||||||
Cash Conversion Cycle | 64 | 67 | 101 | 78 | 95 | 118 | 141 | 123 | 156 | 132 | 125 | 107 |
Working Capital Days | -8 | 7 | -4 | -62 | -79 | -23 | 8 | 20 | 25 | 25 | 52 | 36 |
ROCE % | 14% | 13% | 12% | 12% | 8% | 11% | 10% | 10% | 9% | 8% | 10% | 12% |
Documents
Announcements
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Disclosure Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015, ('SEBI Listing Regulations').
30 Aug - BSE and NSE fined PTC Rs2,75,000 each for 55-day independent director vacancy (13 Apr–6 Jun 2025).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Aug - Newspaper Publication regarding the opening of special window for re-lodgement of transfer requests of physical shares
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Aug - PTC India Q1 FY26: 13% volume growth, stable profits, market coupling and subsidiary disinvestment under review.
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Voting Results Of 26Th Annual General Meeting Held On 8Th August, 2025 Along With The Scrutinizer'S Report
9 Aug - PTC India approved FY24-25 financials, dividend, director appointments, and amended main object clause at AGM.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
9 Aug - PTC India approved FY24-25 financials, final dividend, director appointments, and MOA amendment at 26th AGM.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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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 newest power exchange (HPX) and does Cross Border Trade with Nepal, Bhutan & Bangladesh.[1] [2]