Pitti Engineering Ltd

Pitti Engineering Ltd

₹ 905 1.12%
15 May 3:47 p.m.
About

Pitti Engg. is engaged in the manufacturing of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors, Press Tools and machining of metal components.

Key Points

Market Leadership
The company is India's largest manufacturer and exporter of electrical laminations and a leading supplier of complicated sub-assemblies for motors and generators. [1]

  • Market Cap 3,409 Cr.
  • Current Price 905
  • High / Low 1,070 / 675
  • Stock P/E 28.9
  • Book Value 262
  • Dividend Yield 0.17 %
  • ROCE 14.8 %
  • ROE 12.5 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 31.6% CAGR over last 5 years
  • Debtor days have improved from 52.4 to 39.4 days.

Cons

  • Promoter holding has decreased over last 3 years: -5.10%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
248 290 303 302 336 391 429 415 469 457 478 477 501
207 247 258 250 284 333 363 348 389 381 400 397 419
Operating Profit 41 42 45 51 52 58 66 67 80 75 78 81 82
OPM % 16% 15% 15% 17% 15% 15% 15% 16% 17% 16% 16% 17% 16%
16 1 13 3 32 3 26 6 4 7 21 7 5
Interest 10 12 11 14 14 17 19 13 19 21 19 21 22
Depreciation 13 13 13 16 16 17 20 21 22 26 26 27 27
Profit before tax 34 19 33 25 54 28 53 39 42 37 54 40 37
Tax % 26% 25% 32% 38% 14% 30% 28% 26% 14% 37% 26% 29% 29%
25 14 22 16 46 19 38 29 36 23 40 28 27
EPS in Rs 7.75 4.36 6.87 4.90 14.35 6.04 10.72 7.64 9.60 6.08 10.65 7.49 7.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
525 518 954 1,100 1,244 1,705 1,913
447 439 821 949 1,063 1,433 1,597
Operating Profit 78 80 133 151 181 271 316
OPM % 15% 15% 14% 14% 15% 16% 16%
4 19 16 18 48 39 40
Interest 34 30 40 45 51 68 83
Depreciation 27 30 39 45 59 81 105
Profit before tax 20 39 71 80 119 162 168
Tax % 14% 25% 26% 26% 25% 24% 30%
17 29 52 59 90 122 118
EPS in Rs 5.34 8.97 16.18 18.36 27.99 32.48 31.29
Dividend Payout % 0% 0% 13% 15% 5% 5% 8%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 20%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 26%
TTM: -4%
Stock Price CAGR
10 Years: 36%
5 Years: 67%
3 Years: 36%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 16%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 16 16 16 16 19 19
Reserves 220 268 318 457 880 968
318 393 356 628 690 811
148 280 287 290 416 340
Total Liabilities 701 957 978 1,391 2,004 2,138
285 327 364 465 1,027 1,153
CWIP 1 1 24 122 63 50
Investments 16 16 15 0 0 0
399 613 574 804 914 935
Total Assets 701 957 978 1,391 2,004 2,138

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
32 88 223 80 289
-66 -93 -104 -247 -536
28 12 -87 203 269
Net Cash Flow -6 7 32 37 22
Free Cash Flow -33 10 118 -129 -58
CFO/OP 47% 80% 170% 50% 120%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 121 78 60 63 55 39
Inventory Days 171 147 112 136 118 124
Days Payable 115 119 117 113 119 77
Cash Conversion Cycle 178 106 55 86 54 87
Working Capital Days 24 23 9 16 3 22
ROCE % 18% 18% 19% 17% 15%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Mar 2027 (P)
Installed Capacity - Machining
Hours

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Installed Capacity - Sheet Metal
MT
Sales Volume - Laminations
MT
Capacity Utilization - Sheet Metal
%
Installed Capacity - Casting
MT
Total Order Book
Rs. Crores
Sales Volume - Machined Components & Castings
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.29% 59.29% 59.29% 59.29% 59.29% 53.58% 54.17% 54.17% 54.17% 54.17% 54.17% 54.17%
0.19% 0.13% 0.22% 0.50% 0.79% 1.29% 1.31% 0.90% 0.79% 0.87% 0.93% 1.12%
6.19% 5.51% 6.56% 5.88% 5.87% 17.53% 18.36% 18.80% 19.15% 20.53% 20.23% 20.23%
34.34% 35.07% 33.94% 34.33% 34.04% 27.61% 26.15% 25.27% 24.85% 22.78% 22.71% 22.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.85% 1.03% 1.65% 1.97% 1.97%
No. of Shareholders 28,54234,50641,37243,75045,70350,99354,53153,36854,80039,52037,95337,405

* 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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Documents

Concalls