PTC Industries Ltd

PTC Industries Ltd

₹ 7,392 -1.25%
16 Apr - close price
About

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][2]

Key Points

Products
The Co is a leading supplier of castings, machined components & fabricated parts for critical and supercritical applications across the world. It offers a wide range of materials which include Titanium Alloys, Alloy Steel, Stainless Steel, Duplex and Super Duplex Stainless Steel, Creep Resistant Steel, Heat Resistant Steel, Nickel-Based Alloys, Cobalt-Based Alloy etc. [1]

  • Market Cap 10,675 Cr.
  • Current Price 7,392
  • High / Low 9,540 / 2,234
  • Stock P/E 429
  • Book Value 263
  • Dividend Yield 0.00 %
  • ROCE 11.1 %
  • ROE 9.42 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.8% CAGR over last 5 years

Cons

  • Stock is trading at 28.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.04%
  • Company has a low return on equity of 6.43% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
37.48 53.03 45.06 38.29 44.90 50.69 46.05 54.04 56.77 59.13 70.81 53.05 52.52
29.02 40.84 31.50 30.67 37.62 41.93 35.74 38.12 47.04 47.11 54.42 40.98 40.90
Operating Profit 8.46 12.19 13.56 7.62 7.28 8.76 10.31 15.92 9.73 12.02 16.39 12.07 11.62
OPM % 22.57% 22.99% 30.09% 19.90% 16.21% 17.28% 22.39% 29.46% 17.14% 20.33% 23.15% 22.75% 22.12%
0.28 3.20 0.95 1.97 0.13 2.29 1.45 2.63 4.20 2.39 3.66 2.97 2.91
Interest 3.43 3.56 3.84 3.59 3.59 4.04 3.78 4.51 3.95 3.16 3.55 3.66 4.25
Depreciation 3.65 3.57 3.63 3.63 3.67 3.62 4.11 4.13 4.13 4.11 4.09 4.09 4.11
Profit before tax 1.66 8.26 7.04 2.37 0.15 3.39 3.87 9.91 5.85 7.14 12.41 7.29 6.17
Tax % 28.31% 81.96% 25.71% 24.05% 86.67% 28.32% 29.46% 25.53% 24.62% 21.71% 25.46% 24.97% 25.93%
1.19 1.49 5.24 1.80 0.02 2.44 2.73 7.37 4.41 5.59 9.26 5.48 4.57
EPS in Rs 0.91 1.14 4.00 1.37 0.02 1.86 2.08 5.63 3.30 4.18 6.92 4.09 3.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
119 138 119 101 96 99 101 151 168 163 179 216 236
101 115 99 83 83 84 86 127 140 128 142 168 183
Operating Profit 18 23 20 18 13 15 15 24 28 35 37 48 52
OPM % 15% 17% 17% 17% 14% 15% 15% 16% 17% 21% 21% 22% 22%
2 -2 1 -0 3 2 3 4 7 5 5 11 12
Interest 8 8 5 3 3 3 4 9 11 13 15 15 15
Depreciation 4 4 4 6 5 6 6 9 10 14 15 16 16
Profit before tax 9 9 11 9 8 8 8 9 14 12 13 27 33
Tax % 18% 15% 45% 24% 25% 23% 12% -16% 24% 64% 27% 25%
7 8 6 6 6 6 7 11 11 4 10 20 25
EPS in Rs 6.70 7.30 5.73 4.95 4.69 4.59 5.68 8.34 8.02 3.35 7.25 15.02 18.56
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 16%
3 Years: 9%
TTM: 13%
Compounded Profit Growth
10 Years: 6%
5 Years: 22%
3 Years: 24%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: 113%
3 Years: 121%
1 Year: 218%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 6%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4 4 4 5 5 5 5 5 5 5 5 13 14
Reserves 49 58 65 109 115 117 124 135 145 150 160 247 343
62 68 69 25 60 121 140 143 151 176 191 139 146
32 24 27 21 23 32 40 57 53 61 58 104 64
Total Liabilities 148 154 165 160 202 275 309 340 354 393 415 503 567
52 50 48 43 44 49 62 130 212 211 234 226 219
CWIP 6 9 18 35 66 135 153 97 19 29 6 29 34
Investments 0 0 0 0 0 0 0 0 0 8 22 65 144
89 96 99 82 92 92 95 114 123 144 153 184 171
Total Assets 148 154 165 160 202 275 309 340 354 393 415 503 567

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 12 27 13 14 12 15 30 18 5 24 55
-12 -11 -21 -9 -45 -68 -27 -18 -16 -17 -28 -92
6 -1 -4 -6 31 56 12 -8 -6 12 3 42
Net Cash Flow 0 -1 2 -2 -0 0 0 4 -4 -0 -0 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 82 110 97 115 118 100 121 106 95 141 125 106
Inventory Days 458 256 274 430 529 598 508 394 520 463 444 366
Days Payable 216 95 83 110 145 135 232 314 273 239 130 108
Cash Conversion Cycle 324 271 289 435 502 563 397 186 343 366 440 364
Working Capital Days 162 160 171 203 219 199 195 119 151 218 227 180
ROCE % 14% 16% 13% 9% 7% 5% 5% 7% 9% 8% 9% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
67.76% 67.78% 67.78% 67.80% 67.80% 69.41% 67.93% 67.93% 67.93% 67.03% 66.96% 63.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.72% 1.75% 3.78%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.32% 0.46% 0.44%
32.24% 32.22% 32.22% 32.20% 32.20% 30.58% 32.07% 32.07% 31.83% 30.92% 30.83% 31.79%
No. of Shareholders 2,1742,4753,2233,5843,8554,5885,2275,5445,9696,7898,1618,169

* 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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