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 ₹ 4,949 Cr.
- Current Price ₹ 167
- High / Low ₹ 171 / 73.5
- Stock P/E 9.52
- Book Value ₹ 172
- Dividend Yield 4.66 %
- ROCE 9.21 %
- ROE 9.03 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.97 times its book value
- Stock is providing a good dividend yield of 4.66%.
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 16,815 | |
7,641 | 8,671 | 11,171 | 12,836 | 12,333 | 13,918 | 11,612 | 13,201 | 16,275 | 16,649 | 15,276 | 14,616 | 15,433 | |
Operating Profit | 380 | 449 | 831 | 1,002 | 1,114 | 1,393 | 1,154 | 1,954 | 1,826 | 1,697 | 1,580 | 1,355 | 1,382 |
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 | 66 | |
Interest | 95 | 108 | 228 | 422 | 633 | 802 | 946 | 1,243 | 1,159 | 926 | 757 | 605 | 571 |
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 | 776 |
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 | 579 | |
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 | 17.56 |
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: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 22% |
3 Years: | 6% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 15% |
3 Years: | 41% |
1 Year: | 78% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Nov - In continuation of our letter dated November 10, 2023 As per Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations, 2015, regarding Investor / Analyst meet …
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Announcement under Regulation 30 (LODR)-Investor Presentation
10 Nov - Investor Presentation of PTC India Limited for the Financial results declared for the quarter ending 30 September 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Nov - Management of PTC India Limited cordially invites analysts and investors to the conference call to discuss the Q2/ H1FY24 results, on Thursday, November 16th , …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Nov - Press Release issued by PTC regarding the Financial Results for Q2FY24 is enclosed
- Board Meeting Outcome for Submission Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2023 10 Nov
Annual reports
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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
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Concalls
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Nov 2023TranscriptNotesPPT
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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 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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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
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]