Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532524 | NSE: PTC

PTC India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹165.09Fairly Valued by 1.14%vs CMP ₹167.00

P/E (8.0) × ROE (12.3%) × BV (₹197.00) × DY (6.99%)

₹268.87Undervalued by 61.00%vs CMP ₹167.00
MoS: +37.9% (Strong)Confidence: 58/100 (Moderate)Models: 7 Under, 1 Fair, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹183.2023%Fair (+9.7%)
Graham NumberEarnings₹357.1716%Under (+113.9%)
Earnings PowerEarnings₹92.9511%Over (-44.3%)
DCFCash Flow₹487.6214%Under (+192%)
Net Asset ValueAssets₹197.087%Under (+18%)
EV/EBITDAEnterprise₹232.789%Under (+39.4%)
Earnings YieldEarnings₹287.807%Under (+72.3%)
ROCE CapitalReturns₹285.947%Under (+71.2%)
Revenue MultipleRevenue₹273.805%Under (+64%)
Consensus (9 models)₹268.87100%Undervalued
Key Drivers: Wide model spread (₹93–₹488) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.0%

*Investments are subject to market risks

Investment Snapshot

62
PTC India Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health59/100 · Moderate
ROCE 11.5% AverageROE 12.3% GoodD/E 2.21 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 2.09% (6mo) AccumulatingPromoter holding at 16.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 7% SteadyWorking capital: 36 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): -5% YoY FlatProfit (4Q): +39% YoY StrongOPM: 5.0% (down 4.0% YoY) Margin pressure
Industry Rank70/100 · Strong
P/E 8.0 vs industry 41.9 Cheaper than peersROCE 11.5% vs industry 9.0% Above peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

PTC India Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 8.0 vs Ind 41.9 | ROCE 11.5% | ROE 12.3% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 2.21x | IntCov 0.0x | Current 1.36x | Borrow/Reserve 0.41x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹976 Cr | CFO/NP N/A
Ownership Accumulation
-75
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -1.11 pp | DII -0.12 pp | Prom 0.00 pp
Business Momentum
-87
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -37.6% | Q NP -41.0% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+61.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.41xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-1.11 ppLatest FII% minus previous FII%
DII Change-0.12 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+4,428Latest shareholder count minus previous count
Quarterly Sales Change-37.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-41.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:32 am

Market Cap 4,953 Cr.
Current Price 167
Intrinsic Value₹268.87
High / Low 207/143
Stock P/E7.96
Book Value 197
Dividend Yield6.99 %
ROCE11.5 %
ROE12.3 %
Face Value 10.0
PEG Ratio0.73

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for PTC India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
PTC India Ltd 4,953 Cr. 167 207/1437.96 1976.99 %11.5 %12.3 % 10.0
Rattanindia Power Ltd 4,457 Cr. 8.30 16.9/7.5032.9 8.460.00 %8.69 %4.96 % 10.0
Reliance Infrastructure Ltd 2,853 Cr. 69.8 425/64.20.57 4140.00 %34.0 %37.5 % 10.0
GMR Power & Urban Infra Ltd 7,681 Cr. 98.4 141/89.0 19.70.00 %13.2 %% 5.00
Gujarat Industries Power Co Ltd 2,009 Cr. 129 224/12013.8 2283.16 %6.44 %6.19 % 10.0
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of PTC India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3,1393,5734,7585,0703,4283,5074,5555,1283,4212,9244,0095,4593,405
Expenses 2,8293,2954,4924,7753,1783,2564,3114,8223,1112,7683,7215,1833,232
Operating Profit 310278267295250251244306310156288275173
OPM % 10%8%6%6%7%7%5%6%9%5%7%5%5%
Other Income 8161372-7-221737794219512768
Interest 1501061101091041001739185999210164
Depreciation 26322332223233
Profit before tax 142185168255136126242290232475289298175
Tax % 26%25%25%21%29%28%22%19%22%22%16%26%25%
Net Profit 1041401252029791189234181372243222131
EPS in Rs 3.104.293.796.132.682.915.877.345.3211.886.596.463.85

Last Updated: March 3, 2026, 3:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 12:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 12,00313,83813,44715,31112,76615,15518,10118,34616,85615,67416,76316,24115,797
Expenses 11,17112,83612,33313,91811,61213,20116,27516,64915,27614,56315,69415,10414,904
Operating Profit 8311,0021,1141,3931,1541,9541,8261,6971,5801,1111,0701,137893
OPM % 7%7%8%9%9%13%10%9%9%7%6%7%6%
Other Income 486154203147130238234675467711
Interest 2284226338029461,2431,159926757472431356356
Depreciation 98102197971001001011010910
Profit before tax 6425776247722587445896797456757031,2391,237
Tax % 30%32%35%34%36%34%31%33%26%25%24%21%
Net Profit 442326406506165490406458552507533976968
EPS in Rs 12.198.6610.9014.016.7514.3712.4215.1617.1015.0516.1130.4128.78
Dividend Payout % 16%25%23%21%59%28%44%49%46%52%48%38%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-26.24%24.54%24.63%-67.39%196.97%-17.14%12.81%20.52%-8.15%5.13%83.11%
Change in YoY Net Profit Growth (%)0.00%50.78%0.09%-92.02%264.36%-214.11%29.95%7.72%-28.68%13.28%77.99%

PTC India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-2%
3 Years:-1%
TTM:-7%
Compounded Profit Growth
10 Years:9%
5 Years:13%
3 Years:10%
TTM:32%
Stock Price CAGR
10 Years:12%
5 Years:24%
3 Years:27%
1 Year:-20%
Return on Equity
10 Years:10%
5 Years:11%
3 Years:10%
Last Year:12%

Last Updated: September 5, 2025, 12:45 pm

Balance Sheet

Last Updated: December 4, 2025, 1:50 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 296296296296296296296296296296296296296
Reserves 2,6132,7863,2553,5593,4233,6663,8914,1244,4274,7234,8465,5095,549
Borrowings 3,8955,1107,7249,99912,35313,32011,40811,4799,7716,5464,3272,9622,264
Other Liabilities 1,8712,4773,5074,2453,1813,9965,5144,7695,3875,0655,6544,1485,411
Total Liabilities 8,67510,67014,78218,09819,25321,27821,10920,66819,88216,63015,12312,91613,520
Fixed Assets 54493872,1552,0611,9671,8841,7871,6931,617433836
CWIP 1000000000000
Investments 8661,2931,102974400291564972768326284377952
Other Assets 7,7549,32813,29314,97016,79219,02018,66217,90917,42114,68614,79612,50012,532
Total Assets 8,67510,67014,78218,09819,25321,27821,10920,66819,88216,63015,12312,91613,520

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1,849-497-1,281111-1,438-1083,2942,1083,0493,5752,4512,132
Cash from Investing Activity + -396-16087-1,374249244-414-50546168-519869
Cash from Financing Activity + 2,0127091,1241,3531,278-408-2,570-1,085-2,788-4,019-2,042-2,165
Net Cash Flow -23352-709189-272309518308-276-110835
Free Cash Flow -1,858-500-1,594-1,366-1,754-1113,2922,1053,0403,5742,4482,127
CFO/OP -200%-29%-88%28%-99%9%194%130%193%275%247%211%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow828.00-4.00-6.00-8.00-11.00-12.00-10.00-10.00-8.00-5.00-3.00-1.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 64671017895118141123156132125107
Inventory Days 00000000000
Days Payable
Cash Conversion Cycle 64671017895118141123156132125107
Working Capital Days -87-4-62-79-2382025255236
ROCE %14%13%12%12%8%11%10%10%9%8%10%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%
FIIs 28.87%28.28%27.47%28.78%29.41%33.07%33.31%28.67%25.72%28.75%28.92%27.81%
DIIs 8.35%8.31%7.82%6.32%5.91%5.78%5.73%5.69%6.77%6.81%6.83%6.71%
Government 0.00%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%
Public 46.55%43.81%45.10%45.30%45.09%41.55%41.35%46.05%47.92%44.85%44.65%45.89%
No. of Shareholders 2,04,9171,97,0152,05,9052,15,6112,49,9372,51,1632,55,7542,73,2422,74,5002,66,0592,69,1992,73,627

Shareholding Pattern Chart

No. of Shareholders

PTC India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Power & Infra Fund 3,205,267 0.82 55.262,992,3652026-02-22 01:57:097.11%
Nippon India Multi Asset Allocation Fund 2,200,000 0.3 37.93N/AN/AN/A
Nippon India Small Cap Fund 1,939,018 0.05 33.43N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 30.4116.1115.0517.1015.16
Diluted EPS (Rs.) 30.4116.1115.0517.1015.16
Cash EPS (Rs.) 33.2118.2320.6422.0818.84
Book Value[Excl.RevalReserv]/Share (Rs.) 196.11203.72198.42186.33174.37
Book Value[Incl.RevalReserv]/Share (Rs.) 196.11203.72198.42186.33174.37
Revenue From Operations / Share (Rs.) 548.65566.30539.53569.45619.76
PBDIT / Share (Rs.) 39.3937.3146.7553.9958.13
PBIT / Share (Rs.) 39.0836.9743.3250.5754.75
PBT / Share (Rs.) 37.6521.9723.0625.1822.93
Net Profit / Share (Rs.) 32.9017.9017.2118.6615.46
NP After MI And SOA / Share (Rs.) 30.4116.1115.0517.1015.16
PBDIT Margin (%) 7.186.588.669.489.37
PBIT Margin (%) 7.126.528.028.888.83
PBT Margin (%) 6.863.874.274.423.69
Net Profit Margin (%) 5.993.163.183.272.49
NP After MI And SOA Margin (%) 5.542.842.793.002.44
Return on Networth / Equity (%) 15.509.278.8710.7110.15
Return on Capital Employeed (%) 13.4512.3311.9112.8812.55
Return On Assets (%) 6.973.152.672.542.17
Long Term Debt / Equity (X) 0.300.540.961.281.74
Total Debt / Equity (X) 0.500.831.302.072.21
Asset Turnover Ratio (%) 1.161.060.871.031.15
Current Ratio (X) 2.171.741.511.401.36
Quick Ratio (X) 2.171.741.511.401.36
Dividend Payout Ratio (NP) (%) 0.0048.4138.5243.8649.48
Dividend Payout Ratio (CP) (%) 0.0047.4231.3736.5440.46
Earning Retention Ratio (%) 0.0051.5961.4856.1450.52
Cash Earning Retention Ratio (%) 0.0052.5868.6363.4659.54
Interest Coverage Ratio (X) 3.352.612.312.131.87
Interest Coverage Ratio (Post Tax) (X) 2.572.181.851.741.52
Enterprise Value (Cr.) 5475.218498.497952.3511034.9811457.38
EV / Net Operating Revenue (X) 0.330.500.490.650.62
EV / EBITDA (X) 4.707.695.756.906.66
MarketCap / Net Operating Revenue (X) 0.290.320.150.140.12
Retention Ratios (%) 0.0051.5861.4756.1350.51
Price / BV (X) 0.831.070.500.510.52
Price / Net Operating Revenue (X) 0.290.320.150.140.12
EarningsYield 0.180.080.170.200.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

PTC India Ltd. is a Public Limited Listed company incorporated on 16/04/1999 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L40105DL1999PLC099328 and registration number is 099328. Currently Company is involved in the business activities of Collection and distribution of electric energy to households, industrial, commercial and other users. Company's Total Operating Revenue is Rs. 15611.04 Cr. and Equity Capital is Rs. 296.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/Distribution2nd Floor, New Delhi Delhi 110066Contact not found
Management
NamePosition Held
Dr. Manoj Kumar JhawarChairman & Managing Director
Mr. Prakash S MhaskeIndependent Director
Mr. Arabandi VenuprasadIndependent Director
Mr. Narendra KumarIndependent Director
Mrs. Rashmi VermaIndependent Director
Dr. Jayant DasguptaIndependent Director
Mrs. Mini IpeIndependent Director
Mrs. Sangeeta KaushikNominee Director
Mr. Mohammad AfzalNominee Director
Mr. Rajiv Kumar RohillaNominee Director
Mr. Rajneesh AgarwalNominee Director
Mr. Rajiv Ranjan JhaNominee Director

FAQ

What is the intrinsic value of PTC India Ltd and is it undervalued?

As of 05 April 2026, PTC India Ltd's intrinsic value is ₹268.87, which is 61.00% higher than the current market price of ₹167.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.3 %), book value (₹197), dividend yield (6.99 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of PTC India Ltd?

PTC India Ltd is trading at ₹167.00 as of 05 April 2026, with a FY2026-2027 high of ₹207 and low of ₹143. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,953 Cr..

How does PTC India Ltd's P/E ratio compare to its industry?

PTC India Ltd has a P/E ratio of 7.96, which is below the industry average of 41.94. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is PTC India Ltd financially healthy?

Key indicators for PTC India Ltd: ROCE of 11.5 % is moderate. Dividend yield is 6.99 %.

Is PTC India Ltd profitable and how is the profit trend?

PTC India Ltd reported a net profit of ₹976 Cr in Mar 2025 on revenue of ₹16,241 Cr. Compared to ₹552 Cr in Mar 2022, the net profit shows an improving trend.

Does PTC India Ltd pay dividends?

PTC India Ltd has a dividend yield of 6.99 % at the current price of ₹167.00. This is a relatively attractive yield for income-seeking investors.

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 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
Explore Industry-wise Stock Analysis Reports