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 ₹ 26,047 Cr.
- Current Price ₹ 17,382
- High / Low ₹ 19,398 / 9,756
- Stock P/E 414
- Book Value ₹ 945
- Dividend Yield 0.00 %
- ROCE 7.74 %
- ROE 6.07 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 105% CAGR over last 5 years
Cons
- Stock is trading at 18.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.50% over last 3 years.
- Earnings include an other income of Rs.39.9 Cr.
- Company has high debtors of 170 days.
- Promoter holding has decreased over last 3 years: -9.66%
- Working capital days have increased from 205 days to 381 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 SmallCap BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 138 | 119 | 101 | 96 | 99 | 73 | 163 | 179 | 219 | 257 | 308 | 411 | |
| 115 | 99 | 83 | 82 | 84 | 59 | 128 | 137 | 161 | 184 | 233 | 332 | |
| Operating Profit | 23 | 20 | 18 | 13 | 15 | 14 | 35 | 42 | 59 | 73 | 75 | 78 |
| OPM % | 17% | 16% | 17% | 14% | 15% | 20% | 21% | 24% | 27% | 28% | 24% | 19% |
| -2 | 1 | -0 | 3 | 2 | 2 | 5 | 5 | 7 | 13 | 33 | 40 | |
| Interest | 8 | 5 | 3 | 3 | 3 | 6 | 13 | 15 | 16 | 15 | 9 | 6 |
| Depreciation | 4 | 4 | 6 | 5 | 6 | 7 | 14 | 15 | 17 | 17 | 21 | 31 |
| Profit before tax | 9 | 11 | 8 | 8 | 8 | 2 | 12 | 17 | 34 | 54 | 78 | 82 |
| Tax % | 16% | 46% | 24% | 24% | 22% | 29% | 65% | 25% | 23% | 22% | 22% | |
| 8 | 6 | 6 | 6 | 6 | 2 | 4 | 13 | 26 | 42 | 61 | 62 | |
| EPS in Rs | 7.30 | 5.52 | 4.92 | 4.79 | 4.56 | 1.31 | 3.32 | 9.78 | 19.29 | 29.24 | 40.72 | 41.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 33% |
| 3 Years: | 20% |
| TTM: | 66% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 105% |
| 3 Years: | 64% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 75% |
| 5 Years: | 121% |
| 3 Years: | 85% |
| 1 Year: | 50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 13 | 14 | 15 | 15 |
| Reserves | 58 | 65 | 108 | 115 | 122 | 150 | 163 | 293 | 631 | 1,372 | 1,402 |
| 68 | 69 | 25 | 60 | 122 | 181 | 196 | 177 | 182 | 61 | 179 | |
| 24 | 27 | 21 | 23 | 31 | 61 | 61 | 70 | 68 | 136 | 150 | |
| Total Liabilities | 154 | 165 | 160 | 202 | 279 | 397 | 426 | 553 | 896 | 1,584 | 1,746 |
| 50 | 48 | 43 | 44 | 49 | 211 | 237 | 228 | 233 | 449 | 451 | |
| CWIP | 9 | 18 | 35 | 66 | 136 | 37 | 23 | 67 | 159 | 185 | 338 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
| 96 | 99 | 82 | 92 | 95 | 149 | 166 | 258 | 504 | 947 | 954 | |
| Total Assets | 154 | 165 | 160 | 202 | 279 | 397 | 426 | 553 | 896 | 1,584 | 1,746 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 12 | 27 | 13 | 14 | 11 | 4 | 25 | 47 | -96 | 14 | ||
| -11 | -21 | -9 | -45 | -72 | -20 | -28 | -116 | -60 | -502 | ||
| -1 | -4 | -6 | 31 | 61 | 17 | 3 | 74 | 284 | 544 | ||
| Net Cash Flow | -1 | 2 | -2 | -0 | 0 | 1 | -1 | 6 | 127 | 55 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 110 | 97 | 115 | 118 | 100 | 141 | 125 | 109 | 158 | 170 | |
| Inventory Days | 256 | 274 | 430 | 529 | 598 | 465 | 541 | 521 | 440 | 1,423 | |
| Days Payable | 95 | 83 | 110 | 145 | 135 | 240 | 156 | 141 | 91 | 333 | |
| Cash Conversion Cycle | 271 | 289 | 435 | 502 | 563 | 367 | 510 | 490 | 507 | 1,261 | |
| Working Capital Days | 27 | 107 | 129 | 108 | 53 | 25 | 24 | 72 | 163 | 381 | |
| ROCE % | 13% | 9% | 7% | 5% | 10% | 12% | 11% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Dec - Dec 4, 2025: Aerolloy signs long-term Honeywell deal to supply titanium and superalloy precision castings, ensuring multi-year revenue.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Nov - Announced Mehsana facility expansion adding 50,000+ sq.ft, multi-million-dollar capex; groundbreaking Nov 17, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Nov
- Announcement under Regulation 30 (LODR)-Investor Presentation 15 Nov
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]