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 ₹ 2,711 Cr.
- Current Price ₹ 91.6
- High / Low ₹ 118 / 67.5
- Stock P/E 5.68
- Book Value ₹ 168
- Dividend Yield 8.52 %
- ROCE 9.87 %
- ROE 11.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.55 times its book value
- Stock is providing a good dividend yield of 8.52%.
- Company has been maintaining a healthy dividend payout of 46.5%
Cons
- The company has delivered a poor sales growth of 1.94% over past five years.
- Promoter holding is low: 16.2%
- Company has a low return on equity of 10.3% over last 3 years.
- Contingent liabilities of Rs.1,063 Cr.
- Company has high debtors of 156 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9,109 | 8,021 | 9,120 | 12,003 | 13,838 | 13,447 | 15,311 | 12,766 | 15,155 | 18,101 | 18,346 | 16,856 | 15,447 | |
8,865 | 7,641 | 8,671 | 11,171 | 12,836 | 12,333 | 13,918 | 11,612 | 13,201 | 16,275 | 16,649 | 15,276 | 13,996 | |
Operating Profit | 245 | 380 | 449 | 831 | 1,002 | 1,114 | 1,393 | 1,154 | 1,954 | 1,826 | 1,697 | 1,580 | 1,451 |
OPM % | 3% | 5% | 5% | 7% | 7% | 8% | 9% | 9% | 13% | 10% | 9% | 9% | 9% |
62 | 78 | 15 | 48 | 6 | 154 | 203 | 147 | 130 | 23 | 8 | 23 | 19 | |
Interest | 47 | 95 | 108 | 228 | 422 | 633 | 802 | 946 | 1,243 | 1,159 | 926 | 757 | 643 |
Depreciation | 10 | 9 | 8 | 9 | 8 | 10 | 21 | 97 | 97 | 100 | 100 | 101 | 102 |
Profit before tax | 250 | 354 | 348 | 642 | 577 | 624 | 772 | 258 | 744 | 589 | 679 | 745 | 725 |
Tax % | 29% | 27% | 30% | 30% | 32% | 35% | 34% | 36% | 34% | 31% | 33% | 26% | |
Net Profit | 184 | 259 | 238 | 442 | 326 | 406 | 506 | 165 | 490 | 406 | 458 | 552 | 535 |
EPS in Rs | 5.63 | 6.92 | 6.70 | 12.19 | 8.66 | 10.90 | 14.01 | 6.75 | 14.37 | 12.42 | 15.16 | 17.10 | 16.13 |
Dividend Payout % | 27% | 22% | 24% | 16% | 25% | 23% | 21% | 59% | 28% | 44% | 49% | 46% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 2% |
3 Years: | 4% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 4% |
3 Years: | 6% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 1% |
3 Years: | 41% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
295 | 295 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | |
Reserves | 2,049 | 2,206 | 2,338 | 2,613 | 2,786 | 3,255 | 3,559 | 3,423 | 3,666 | 3,891 | 4,124 | 4,427 | 4,667 |
570 | 760 | 1,587 | 3,895 | 5,110 | 7,724 | 9,999 | 12,353 | 13,320 | 11,408 | 11,479 | 9,771 | 7,869 | |
1,176 | 1,852 | 1,750 | 1,871 | 2,477 | 3,507 | 4,245 | 3,181 | 3,996 | 5,514 | 4,769 | 5,387 | 6,352 | |
Total Liabilities | 4,091 | 5,112 | 5,971 | 8,675 | 10,670 | 14,782 | 18,098 | 19,253 | 21,278 | 21,109 | 20,668 | 19,882 | 19,183 |
68 | 60 | 55 | 54 | 49 | 387 | 2,155 | 2,061 | 1,967 | 1,884 | 1,787 | 1,693 | 1,643 | |
CWIP | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1,057 | 762 | 982 | 866 | 1,293 | 1,102 | 974 | 400 | 291 | 564 | 972 | 768 | 780 |
2,965 | 4,290 | 4,934 | 7,754 | 9,328 | 13,293 | 14,970 | 16,792 | 19,020 | 18,662 | 17,909 | 17,421 | 16,760 | |
Total Assets | 4,091 | 5,112 | 5,971 | 8,675 | 10,670 | 14,782 | 18,098 | 19,253 | 21,278 | 21,109 | 20,668 | 19,882 | 19,183 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-614 | -1,152 | -370 | -1,849 | -497 | -1,281 | 111 | -1,438 | -108 | 3,294 | 2,108 | 3,049 | |
155 | 599 | -94 | -396 | -160 | 87 | -1,374 | 249 | 244 | -414 | -505 | 46 | |
608 | -67 | 652 | 2,012 | 709 | 1,124 | 1,353 | 1,278 | -408 | -2,570 | -1,085 | -2,788 | |
Net Cash Flow | 150 | -620 | 188 | -233 | 52 | -70 | 91 | 89 | -272 | 309 | 518 | 308 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 118 | 86 | 64 | 67 | 101 | 78 | 95 | 118 | 141 | 123 | 156 |
Inventory Days | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Days Payable | 62 | 48 | ||||||||||
Cash Conversion Cycle | 40 | 58 | 39 | 64 | 67 | 101 | 78 | 95 | 118 | 141 | 123 | 156 |
Working Capital Days | 12 | 68 | 43 | 35 | 38 | 34 | 6 | 26 | 25 | 41 | 96 | 105 |
ROCE % | 11% | 14% | 12% | 16% | 14% | 13% | 12% | 8% | 12% | 11% | 10% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Mar - With reference to above cited subject, we are enclosing herewith the copies of the newspaper advertisements published on March 15, 2023 in the newspapers viz. …
- Notice Of 6Th Extra-Ordinary General Meeting (EGM) Of PTC India Limited ('The Company') Scheduled To Be Held On Wednesday, 5Th Day Of April 2023 At 3.00 PM (IST) Through Video Conferencing ('VC') 14 Mar
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 3 Mar
-
Clarification On Media Reports
2 Mar - PTC India Limited, the leading provider of power trading solutions in India, is in receipt of the subject mentioned letter from Stock Exchange seeking clarifications …
-
Clarification sought from PTC India Ltd
1 Mar - Exchange has sought clarification from PTC India Ltd on March 1, 2023, with reference to news appeared in economictimes.indiatimes.com dated March 1, 2023 quoting"Tata Power, …
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
Concalls
-
Feb 2023TranscriptNotesPPT
-
Jul 2022TranscriptNotesPPT
-
Jun 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptPPT
-
Nov 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
Jun 2020TranscriptPPT
-
Feb 2020TranscriptPPT
-
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]