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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PTC India Financial Services Ltd

Basic Stock Data

Last Updated: June 19, 2024, 2:27 pm

Market Cap 3,187 Cr.
Current Price 49.6
High / Low68.0/18.6
Stock P/E19.8
Book Value 39.5
Dividend Yield1.99 %
ROCE8.92 %
ROE6.45 %
Face Value 10.0
PEG Ratio1.84

Competitors of PTC India Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mask Investments Ltd 26.8 Cr. 88.096.7/46.21,343 5060.00 %0.04 %0.02 % 10.0
SBI Cards & Payment Services Ltd 69,321 Cr. 729893/64828.8 1270.34 %12.5 %22.0 % 10.0
Capital Trust Ltd 185 Cr. 113148/67.285.7 46.90.00 %8.16 %2.86 % 10.0
Mahindra & Mahindra Financial Services Ltd 37,859 Cr. 306347/23719.6 1612.06 %8.74 %10.0 % 2.00
Consecutive Investments & Trading Co Ltd 11.9 Cr. 39.639.6/39.6 16.00.00 %2.63 %2.02 % 10.0
Industry Average9,168.99 Cr671.1865.931,261.800.33%16.33%25.17%7.59

Nagreeka Capital & Infrastructure Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales274254242229228207196194194190190204176
Expenses137262894612517364834143264
Operating Profit137228214135167182179158146156177172113
OPM %50%90%89%59%73%88%91%81%75%82%93%84%64%
Other Income000123000631200
Interest16616614313613511310710810510810710392
Depreciation1122212222222
Profit before tax-3161709346870494549806719
Tax %-76%25%25%27%26%25%25%26%20%25%25%25%28%
Net Profit-5446527255153363637605014
EPS in Rs-0.840.710.820.110.390.790.820.560.570.570.930.780.22

Last Updated: June 9, 2024, 10:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:59 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3072865468021,1871,3511,1851,3361,3641,139968797778
Expenses322136135121175647108243289209127128
Operating Profit2752665106671,0661,1765381,2281,122851759670650
OPM %89%93%93%83%90%87%45%92%82%75%78%84%84%
Other Income00-00-0100501021
Interest69107221417530645685944948752580432423
Depreciation5444433366666
Profit before tax202155285245531529-15028117293174232242
Tax %24%33%27%34%26%35%33%34%36%73%25%24%
Net Profit154104208161391345-10018411026130176183
EPS in Rs2.741.853.702.866.965.38-1.562.871.710.402.022.742.85
Dividend Payout %0%22%27%35%17%28%-13%28%26%0%0%37%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-32.47%100.00%-22.60%142.86%-11.76%-128.99%284.00%-40.22%-76.36%400.00%35.38%
Change in YoY Net Profit Growth (%)0.00%132.47%-122.60%165.45%-154.62%-117.22%412.99%-324.22%-36.15%476.36%-364.62%

Growth

Compounded Sales Growth
10 Years:3%
5 Years:-11%
3 Years:-13%
TTM:-5%
Compounded Profit Growth
10 Years:-3%
5 Years:-3%
3 Years:84%
TTM:-9%
Stock Price CAGR
10 Years:4%
5 Years:24%
3 Years:32%
1 Year:128%
Return on Equity
10 Years:8%
5 Years:5%
3 Years:7%
Last Year:6%

Last Updated: June 20, 2024, 10:44 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital562562562562562642642642642642642642642
Reserves6016647878751,1801,7771,2971,4241,4731,4771,6221,8001,833
Borrowings7601,5873,8955,1106,8458,12310,22910,9189,2759,1747,1215,1224,813
Other Liabilities32861702022352091472082522381317073
Total Liabilities1,9562,8995,4146,7508,82310,75212,31513,19311,64211,5329,5167,6347,361
Fixed Assets26222422181514122216123028
CWIP0110000000000
Investments42154440134023511463963563733509188
Other Assets1,5092,3324,9876,3888,57010,62312,23813,08511,26411,1429,1557,5137,245
Total Assets1,9562,8995,4146,7508,82310,75212,31513,19311,64211,5329,5167,6347,361

Reserves and Borrowings Chart

PTC India Financial Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -295-832-2,080-751-1,167-888-1,3022363,2281,3112,7211,887
Cash from Investing Activity -0-1-7-1-0-5-13-0-386-162-154259
Cash from Financing Activity 107032,0527411,1699041,338-257-2,652-883-2,719-2,459
Net Cash Flow-285-130-34-1121124-21191266-151-312

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow275.00265.00507.00662.00-5.00-7.00528.00-9.00-8.00842.00752.00665.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days100002221102
Inventory Days
Days Payable
Cash Conversion Cycle100002221102
Working Capital Days1655895243-2814-232234-9-20
ROCE %15%11%13%11%14%12%5%10%9%7%7%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.99%64.99%64.99%64.99%64.99%64.99%64.99%64.99%64.99%64.99%64.99%64.99%
FIIs0.94%0.85%0.86%0.76%0.94%0.94%0.87%0.84%0.93%2.00%2.66%2.62%
DIIs3.60%1.21%1.69%1.70%1.70%3.80%3.80%3.26%2.26%2.21%2.31%2.68%
Public30.46%32.95%32.45%32.55%32.37%30.25%30.33%30.90%31.82%30.80%30.03%29.69%
No. of Shareholders1,12,0461,14,3011,15,0131,21,6761,18,8811,16,9451,14,7551,14,1021,15,5651,25,8071,35,1171,48,802

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.742.020.401.712.87
Diluted EPS (Rs.)2.742.020.401.712.87
Cash EPS (Rs.)2.832.120.491.812.91
Book Value[Excl.RevalReserv]/Share (Rs.)38.0335.2533.0032.9332.17
Book Value[Incl.RevalReserv]/Share (Rs.)38.0335.2533.0032.9332.17
Revenue From Operations / Share (Rs.)12.3114.8417.6021.2420.78
PBDIT / Share (Rs.)10.4411.8313.2517.5419.12
PBIT / Share (Rs.)10.3411.7313.1517.4519.08
PBT / Share (Rs.)3.622.711.452.684.38
Net Profit / Share (Rs.)2.742.020.391.712.87
NP After MI And SOA / Share (Rs.)2.742.020.391.712.87
PBDIT Margin (%)84.7679.7375.2682.5992.02
PBIT Margin (%)83.9979.0974.7382.1391.82
PBT Margin (%)29.3818.258.2612.6121.05
Net Profit Margin (%)22.2213.642.268.0613.79
NP After MI And SOA Margin (%)22.2213.642.268.0613.79
Return on Networth / Equity (%)7.195.741.205.208.91
Return on Capital Employeed (%)26.2831.4930.5844.1847.05
Return On Assets (%)2.301.360.220.941.39
Long Term Debt / Equity (X)0.030.050.300.190.25
Total Debt / Equity (X)2.093.144.334.395.28
Asset Turnover Ratio (%)0.090.090.090.100.10
Current Ratio (X)1.481.321.281.231.21
Quick Ratio (X)1.481.321.281.231.21
Dividend Payout Ratio (NP) (%)0.000.00112.8846.716.97
Dividend Payout Ratio (CP) (%)0.000.0091.5844.166.87
Earning Retention Ratio (%)0.000.00-12.8853.2993.03
Cash Earning Retention Ratio (%)0.000.008.4255.8493.13
Interest Coverage Ratio (X)1.551.311.131.191.30
Interest Coverage Ratio (Post Tax) (X)1.411.221.031.121.20
Enterprise Value (Cr.)5318.917162.439482.139345.0011901.29
EV / Net Operating Revenue (X)6.737.528.396.858.92
EV / EBITDA (X)7.939.4311.148.299.69
MarketCap / Net Operating Revenue (X)1.021.051.030.360.76
Retention Ratios (%)0.000.00-12.8853.2893.02
Price / BV (X)0.330.440.540.230.49
Price / Net Operating Revenue (X)1.021.051.030.360.76
EarningsYield0.210.120.020.210.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 51.45

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 3.73% compared to the current price 49.6

Intrinsic Value: 56.98

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 14.89% compared to the current price ₹49.6

Last 5 Year EPS CAGR: 10.76%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (345.38 cr) and profit (230.08 cr) over the years.
  1. The stock has a low average ROCE of 10.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 43.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 0.92, which may not be favorable.
  4. The company has higher borrowings (6,777.08) compared to reserves (1,356.00), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in PTC India Financial Services Ltd:
    1. Net Profit Margin: 22.22%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 26.28% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.19% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.41
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.48
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 19.8 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 2.09
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

PTC India Financial Services Ltd. is a Public Limited Listed company incorporated on 08/09/2006 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65999DL2006PLC153373 and registration number is 153373. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 952.88 Cr. and Equity Capital is Rs. 642.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)7th Floor, Telephone Exchange Building, New Delhi Delhi 110066info@ptcfinancial.com
http://www.ptcfinancial.com
Management
NamePosition Held
Dr. Rajib Kumar MishraChairman & Non-Exe.Director
Dr. Pawan SinghManaging Director & CEO
Mr. Mahendra LodhaExecutive Director
Mr. Naveen Bhushan GuptaIndependent Director
Ms. P V BharathiIndependent Director
Ms. Seema BahugunaIndependent Director
Mr. Pankaj GoelNominee Director

FAQ

What is the latest fair value of PTC India Financial Services Ltd?

The latest fair value of PTC India Financial Services Ltd is ₹51.45.

What is the Market Cap of PTC India Financial Services Ltd?

The Market Cap of PTC India Financial Services Ltd is 3,187 Cr..

What is the current Stock Price of PTC India Financial Services Ltd as on 25 June 2024?

The current stock price of PTC India Financial Services Ltd as on 25 June 2024 is ₹49.6.

What is the High / Low of PTC India Financial Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of PTC India Financial Services Ltd stocks is 68.0/18.6.

What is the Stock P/E of PTC India Financial Services Ltd?

The Stock P/E of PTC India Financial Services Ltd is 19.8.

What is the Book Value of PTC India Financial Services Ltd?

The Book Value of PTC India Financial Services Ltd is 39.5.

What is the Dividend Yield of PTC India Financial Services Ltd?

The Dividend Yield of PTC India Financial Services Ltd is 1.99 %.

What is the ROCE of PTC India Financial Services Ltd?

The ROCE of PTC India Financial Services Ltd is 8.92 %.

What is the ROE of PTC India Financial Services Ltd?

The ROE of PTC India Financial Services Ltd is 6.45 %.

What is the Face Value of PTC India Financial Services Ltd?

The Face Value of PTC India Financial Services Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in PTC India Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE