PTC Industries Ltd
PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc. [1]{# https://www.bseindia.com/bseplus/AnnualReport/539006/72682539006.pdf#page.20000
- Market Cap ₹ 27,562 Cr.
- Current Price ₹ 18,384
- High / Low ₹ 19,440 / 9,756
- Stock P/E 745
- Book Value ₹ 898
- Dividend Yield 0.00 %
- ROCE 5.26 %
- ROE 3.59 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.2% CAGR over last 5 years
Cons
- Stock is trading at 20.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.48% over past five years.
- Company has a low return on equity of 4.75% over last 3 years.
- Earnings include an other income of Rs.37.5 Cr.
- Promoter holding has decreased over last 3 years: -8.21%
- Working capital days have increased from 132 days to 226 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.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE 500 BSE Capital Goods Nifty 500 BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 119 | 101 | 96 | 99 | 101 | 151 | 168 | 163 | 179 | 216 | 247 | 241 | 262 | |
| 99 | 83 | 83 | 84 | 86 | 127 | 140 | 128 | 142 | 168 | 198 | 204 | 227 | |
| Operating Profit | 20 | 18 | 13 | 15 | 15 | 24 | 28 | 35 | 37 | 48 | 49 | 37 | 35 |
| OPM % | 17% | 17% | 14% | 15% | 15% | 16% | 17% | 21% | 21% | 22% | 20% | 15% | 13% |
| 1 | -0 | 3 | 2 | 3 | 4 | 7 | 5 | 5 | 11 | 14 | 36 | 38 | |
| Interest | 5 | 3 | 3 | 3 | 4 | 9 | 11 | 13 | 15 | 15 | 15 | 8 | 4 |
| Depreciation | 4 | 6 | 5 | 6 | 6 | 9 | 10 | 14 | 15 | 16 | 16 | 17 | 18 |
| Profit before tax | 11 | 9 | 8 | 8 | 8 | 9 | 14 | 12 | 13 | 27 | 32 | 47 | 50 |
| Tax % | 45% | 24% | 25% | 23% | 12% | -16% | 24% | 64% | 27% | 25% | 26% | 26% | |
| 6 | 6 | 6 | 6 | 7 | 11 | 11 | 4 | 10 | 20 | 24 | 35 | 37 | |
| EPS in Rs | 5.73 | 4.95 | 4.69 | 4.59 | 5.68 | 8.34 | 8.02 | 3.35 | 7.25 | 15.02 | 16.50 | 23.38 | 24.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 7% |
| 3 Years: | 10% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 27% |
| 3 Years: | 49% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 71% |
| 5 Years: | 112% |
| 3 Years: | 93% |
| 1 Year: | 41% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 13 | 14 | 15 | 15 |
| Reserves | 65 | 109 | 115 | 117 | 124 | 135 | 145 | 150 | 160 | 284 | 604 | 1,315 | 1,332 |
| 69 | 25 | 60 | 121 | 140 | 143 | 151 | 176 | 191 | 139 | 143 | 13 | 46 | |
| 27 | 21 | 23 | 32 | 40 | 57 | 53 | 61 | 58 | 66 | 59 | 64 | 75 | |
| Total Liabilities | 165 | 160 | 202 | 275 | 309 | 340 | 354 | 393 | 415 | 503 | 820 | 1,407 | 1,468 |
| 48 | 43 | 44 | 49 | 62 | 130 | 212 | 211 | 234 | 226 | 212 | 231 | 230 | |
| CWIP | 18 | 35 | 66 | 135 | 153 | 97 | 19 | 29 | 6 | 29 | 43 | 29 | 37 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 22 | 65 | 189 | 593 | 768 |
| 99 | 82 | 92 | 92 | 95 | 114 | 123 | 144 | 153 | 184 | 376 | 554 | 433 | |
| Total Assets | 165 | 160 | 202 | 275 | 309 | 340 | 354 | 393 | 415 | 503 | 820 | 1,407 | 1,468 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 13 | 14 | 12 | 15 | 30 | 18 | 5 | 24 | 55 | 16 | 45 | |
| -21 | -9 | -45 | -68 | -27 | -18 | -16 | -17 | -28 | -92 | -174 | -566 | |
| -4 | -6 | 31 | 56 | 12 | -8 | -6 | 12 | 3 | 42 | 286 | 540 | |
| Net Cash Flow | 2 | -2 | -0 | 0 | 0 | 4 | -4 | -0 | -0 | 5 | 128 | 19 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 97 | 115 | 118 | 100 | 121 | 106 | 95 | 141 | 125 | 106 | 148 | 143 |
| Inventory Days | 274 | 430 | 529 | 598 | 508 | 394 | 520 | 465 | 444 | 366 | 249 | 353 |
| Days Payable | 83 | 110 | 145 | 135 | 232 | 314 | 273 | 240 | 130 | 108 | 57 | 69 |
| Cash Conversion Cycle | 289 | 435 | 502 | 563 | 397 | 186 | 343 | 367 | 440 | 364 | 340 | 427 |
| Working Capital Days | 108 | 130 | 109 | 54 | -3 | -22 | 10 | 24 | 19 | 53 | 116 | 226 |
| ROCE % | 13% | 9% | 7% | 5% | 5% | 7% | 9% | 8% | 9% | 11% | 8% | 5% |
Documents
Announcements
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Board Meeting Outcome for Outcome Of Board Meeting Of M/S PTC Industries Limited Held On February 14, 2026
17h - Board approved unaudited Q3 and nine-month results; extended QIP utilisation to Sep 30, 2026 for ₹699.99 Crore.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
17h - ICRA Q3 FY2026 monitoring report for INR 699.9999 crore QIP; INR 125.0894 crore unutilized, no deviations.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Feb - Feb 10, 2026: Aerolloy (PTC subsidiary) signed two MoUs under PLI 1.2 for Titanium and Super Alloys.
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Board Meeting Intimation for Considering The Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended On December 31, 2025
5 Feb - Board meeting on Feb 14, 2026 to approve unaudited Q3/9M results for period ended Dec 31, 2025; trading window closed for insiders until 48 hours …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Jan - Submission of Regulation 74(5) certificate confirming dematerialisation for quarter ended 31 December 2025.
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 2000
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Concalls
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Sep 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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Jun 2023Transcript PPT
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Oct 2022TranscriptAI SummaryPPT
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Sep 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Apr 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Dec 2021TranscriptAI SummaryPPT
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Sep 2021TranscriptAI SummaryPPT
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Mar 2021TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Oct 2019TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Sep 2018TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
Products
PTC is a leading Indian manufacturer of precision metal components for critical applications. It manufactures stainless steel, duplex, super duplex, nickel, cobalt alloys, non-alloy steel castings solutions, machined components, and fabricated parts catering to the Oil & Gas, Aerospace, Marine, Pulp & Paper, Petrochemical, and Energy industries. It uses various indigenously developed technologies like Centrifugal Castings, Replicast, RapidCast, ForgeCAST, and Titanium Powder for casting. Its WOS Aerolloy Technologies (ATL) manufactures titanium and superalloy castings for aerospace and defense applications across the globe[1] [2]