PTC India Ltd

PTC India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PTC India Ltd

₹ 227 -1.03%
26 Apr - close price
ptcindia.com BSE: 532524 NSE : PTC
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

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]

Website BSE NSE
  • Market Cap ₹ 6,709 Cr.
  • Current Price ₹ 227
  • High / Low ₹ 255 / 91.2
  • Stock P/E 13.2
  • Book Value ₹ 172
  • Dividend Yield 3.44 %
  • ROCE 9.21 %
  • ROE 9.03 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 3.44%.
  • Company has been maintaining a healthy dividend payout of 49.0%
  • Company's working capital requirements have reduced from 87.9 days to 63.1 days

Cons

  • The company has delivered a poor sales growth of 4.58% over past five years.
  • Promoter holding is low: 16.2%
  • Company has a low return on equity of 10.2% 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
3,794 3,917 4,958 5,473 3,324 3,101 4,308 4,899 3,139 3,625 4,848 5,203 3,472
3,387 3,552 4,549 5,001 3,048 2,684 3,942 4,541 2,829 3,309 4,506 4,789 3,192
Operating Profit 407 364 409 472 275 418 366 358 310 316 342 414 279
OPM % 11% 9% 8% 9% 8% 13% 8% 7% 10% 9% 7% 8% 8%
2 -11 2 2 15 6 3 3 8 18 16 23 12
Interest 225 215 203 186 180 182 161 150 150 138 142 140 135
Depreciation 25 25 25 25 25 26 25 25 26 25 25 25 26
Profit before tax 158 113 183 262 84 216 182 186 142 171 191 272 131
Tax % 28% 56% 26% 25% 25% 27% 26% 26% 26% 24% 25% 26% 26%
114 50 136 195 63 157 135 138 104 129 143 202 97
EPS in Rs 3.61 2.32 4.06 5.98 2.04 5.01 3.97 4.05 3.10 3.94 4.39 6.13 2.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
8,021 9,120 12,003 13,838 13,447 15,311 12,766 15,155 18,101 18,346 16,856 15,971 17,148
7,641 8,671 11,171 12,836 12,333 13,918 11,612 13,201 16,275 16,649 15,276 14,616 15,796
Operating Profit 380 449 831 1,002 1,114 1,393 1,154 1,954 1,826 1,697 1,580 1,355 1,351
OPM % 5% 5% 7% 7% 8% 9% 9% 13% 10% 9% 9% 8% 8%
78 15 48 6 154 203 147 130 23 8 23 32 70
Interest 95 108 228 422 633 802 946 1,243 1,159 926 757 605 555
Depreciation 9 8 9 8 10 21 97 97 100 100 101 102 101
Profit before tax 354 348 642 577 624 772 258 744 589 679 745 680 765
Tax % 27% 30% 30% 32% 35% 34% 36% 34% 31% 33% 26% 25%
259 238 442 326 406 506 165 490 406 458 552 507 571
EPS in Rs 6.92 6.70 12.19 8.66 10.90 14.01 6.75 14.37 12.42 15.16 17.10 15.05 17.14
Dividend Payout % 22% 24% 16% 25% 23% 21% 59% 28% 44% 49% 46% 52%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: -4%
TTM: 11%
Compounded Profit Growth
10 Years: 8%
5 Years: 22%
3 Years: 6%
TTM: 6%
Stock Price CAGR
10 Years: 13%
5 Years: 26%
3 Years: 41%
1 Year: 139%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 10%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,206 2,338 2,613 2,786 3,255 3,559 3,423 3,666 3,891 4,124 4,427 4,723 4,802
760 1,587 3,895 5,110 7,724 9,999 12,353 13,320 11,408 11,479 9,771 6,546 6,279
1,852 1,750 1,871 2,477 3,507 4,245 3,181 3,996 5,514 4,769 5,387 5,065 5,789
Total Liabilities 5,112 5,971 8,675 10,670 14,782 18,098 19,253 21,278 21,109 20,668 19,882 16,630 17,166
60 55 54 49 387 2,155 2,061 1,967 1,884 1,787 1,693 1,617 1,569
CWIP 0 1 1 0 0 0 0 0 0 0 0 0 0
Investments 762 982 866 1,293 1,102 974 400 291 564 972 768 326 525
4,290 4,934 7,754 9,328 13,293 14,970 16,792 19,020 18,662 17,909 17,421 14,686 15,072
Total Assets 5,112 5,971 8,675 10,670 14,782 18,098 19,253 21,278 21,109 20,668 19,882 16,630 17,166

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1,152 -370 -1,849 -497 -1,281 111 -1,438 -108 3,294 2,108 3,049 3,575
599 -94 -396 -160 87 -1,374 249 244 -414 -505 46 168
-67 652 2,012 709 1,124 1,353 1,278 -408 -2,570 -1,085 -2,788 -4,019
Net Cash Flow -620 188 -233 52 -70 91 89 -272 309 518 308 -276

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 118 86 64 67 101 78 95 118 141 123 156 130
Inventory Days 2 1 0 0 0 0 0 0 0 0 0
Days Payable 62 48
Cash Conversion Cycle 58 39 64 67 101 78 95 118 141 123 156 130
Working Capital Days 68 43 35 38 34 6 26 25 41 96 105 63
ROCE % 12% 11% 14% 13% 12% 12% 8% 11% 10% 10% 9% 9%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22% 16.22%
34.29% 34.68% 34.13% 33.18% 32.33% 31.67% 29.84% 28.87% 28.28% 27.47% 28.78% 29.41%
10.06% 9.59% 12.46% 9.82% 9.47% 9.04% 8.29% 8.35% 8.31% 7.82% 6.32% 5.91%
0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.38% 3.38% 3.38% 3.38%
39.40% 39.48% 37.19% 40.79% 41.99% 43.07% 45.65% 46.55% 43.81% 45.10% 45.30% 45.09%
No. of Shareholders 1,80,8551,81,8561,82,4472,02,6082,11,0532,15,2372,14,7692,04,9171,97,0152,05,9052,15,6112,49,937

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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