PTC India Ltd

PTC India Ltd

₹ 212 0.43%
14 Jun - 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

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]

  • Market Cap 6,265 Cr.
  • Current Price 212
  • High / Low 255 / 107
  • Stock P/E 14.2
  • Book Value 174
  • Dividend Yield 3.69 %
  • ROCE 9.64 %
  • ROE 8.67 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 2.04% over past five years.
  • Promoter holding is low: 16.2%
  • Company has a low return on equity of 9.54% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,917 4,958 5,473 3,324 3,101 4,308 4,899 3,139 3,573 4,848 5,203 3,428 3,507
3,552 4,549 5,001 3,048 2,684 3,942 4,541 2,829 3,295 4,506 4,789 3,178 3,256
Operating Profit 364 409 472 275 418 366 358 310 278 342 414 250 251
OPM % 9% 8% 9% 8% 13% 8% 7% 10% 8% 7% 8% 7% 7%
-11 2 2 15 6 3 3 8 16 16 23 8 -17
Interest 215 203 186 180 182 161 150 150 106 142 140 104 100
Depreciation 25 25 25 25 26 25 25 26 3 25 25 3 3
Profit before tax 113 183 262 84 216 182 186 142 185 191 272 151 132
Tax % 56% 26% 25% 25% 27% 26% 26% 26% 25% 25% 26% 26% 27%
50 136 195 63 157 135 138 104 140 143 202 112 96
EPS in Rs 2.32 4.06 5.98 2.04 5.01 3.97 4.05 3.10 4.29 4.39 6.13 3.17 3.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9,120 12,003 13,838 13,447 15,311 12,766 15,155 18,101 18,346 16,856 15,971 16,763
8,671 11,171 12,836 12,333 13,918 11,612 13,201 16,275 16,649 15,276 14,616 15,701
Operating Profit 449 831 1,002 1,114 1,393 1,154 1,954 1,826 1,697 1,580 1,355 1,062
OPM % 5% 7% 7% 8% 9% 9% 13% 10% 9% 9% 8% 6%
15 48 6 154 203 147 130 23 8 23 32 25
Interest 108 228 422 633 802 946 1,243 1,159 926 757 605 424
Depreciation 8 9 8 10 21 97 97 100 100 101 102 10
Profit before tax 348 642 577 624 772 258 744 589 679 745 680 654
Tax % 30% 30% 32% 35% 34% 36% 34% 31% 33% 26% 25% 26%
238 442 326 406 506 165 490 406 458 552 507 484
EPS in Rs 6.70 12.19 8.66 10.90 14.01 6.75 14.37 12.42 15.16 17.10 15.05 14.43
Dividend Payout % 24% 16% 25% 23% 21% 59% 28% 44% 49% 46% 52% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: -3%
TTM: 5%
Compounded Profit Growth
10 Years: 2%
5 Years: 1%
3 Years: -2%
TTM: 0%
Stock Price CAGR
10 Years: 9%
5 Years: 26%
3 Years: 25%
1 Year: 98%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 10%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 296 296 296 296 296 296 296 296 296 296 296 296
Reserves 2,338 2,613 2,786 3,255 3,559 3,423 3,666 3,891 4,124 4,427 4,723 4,846
1,587 3,895 5,110 7,724 9,999 12,353 13,320 11,408 11,479 9,771 6,546 4,327
1,750 1,871 2,477 3,507 4,245 3,181 3,996 5,514 4,769 5,387 5,065 5,654
Total Liabilities 5,971 8,675 10,670 14,782 18,098 19,253 21,278 21,109 20,668 19,882 16,630 15,123
55 54 49 387 2,155 2,061 1,967 1,884 1,787 1,693 1,617 43
CWIP 1 1 0 0 0 0 0 0 0 0 0 0
Investments 982 866 1,293 1,102 974 400 291 564 972 768 326 284
4,934 7,754 9,328 13,293 14,970 16,792 19,020 18,662 17,909 17,421 14,686 14,796
Total Assets 5,971 8,675 10,670 14,782 18,098 19,253 21,278 21,109 20,668 19,882 16,630 15,123

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-370 -1,849 -497 -1,281 111 -1,438 -108 3,294 2,108 3,049 3,575 2,451
-94 -396 -160 87 -1,374 249 244 -414 -505 46 168 -504
652 2,012 709 1,124 1,353 1,278 -408 -2,570 -1,085 -2,788 -4,019 -2,042
Net Cash Flow 188 -233 52 -70 91 89 -272 309 518 308 -276 -96

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 86 64 67 101 78 95 118 141 123 156 130 125
Inventory Days 1 0 0 0 0 0 0 0 0 0 0
Days Payable 48
Cash Conversion Cycle 39 64 67 101 78 95 118 141 123 156 130 125
Working Capital Days 43 35 38 34 6 26 25 41 96 105 63 86
ROCE % 11% 14% 13% 12% 12% 8% 11% 10% 10% 9% 9%

Shareholding Pattern

Numbers in percentages

5 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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