PTC India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: July 26, 2025, 1:31 pm

Market Cap	5,656 Cr.
Current Price	191
High / Low	247/128
Stock P/E	8.42
Book Value	196
Dividend Yield	6.12 %
ROCE	11.5 %
ROE	12.3 %
Face Value	10.0
PEG Ratio	0.56

Quick Insight

PTC India Ltd, operating within the power generation and distribution sector, currently trades at ₹191, reflecting a market capitalization of ₹5,656 crore. With a P/E ratio of 8.42 and a price-to-book value (P/BV) of 0.83x, the stock appears undervalued relative to its earnings potential. The company boasts a return on equity (ROE) of 12.3% and a return on capital employed (ROCE) of 11.5%, indicating efficient capital utilization. Furthermore, an interest coverage ratio (ICR) of 3.35x suggests robust financial health, despite borrowings of ₹2,962 crore. With 46.05% of shares held by the public and foreign institutional investors (FIIs) owning 28.67%, there is significant market interest. Given these metrics, PTC India Ltd presents a potentially attractive investment opportunity, particularly for value-focused investors seeking exposure in the power sector.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for PTC India Ltd

Competitors of PTC India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Muzali Arts Ltd	5.80 Cr.	0.98	/		2.03	0.00 %	8.46 %	8.74 %	1.00
IND Renewable Energy Ltd	21.8 Cr.	15.7	17.7/9.80		18.7	0.00 %	0.23 %	0.31 %	10.0
GMR Power & Urban Infra Ltd	8,257 Cr.	116	169/89.1		8.21	0.00 %	13.2 %	%	5.00
Gita Renewable Energy Ltd	49.3 Cr.	120	198/101		31.9	0.00 %	2.93 %	2.93 %	10.0
SJVN Ltd	38,689 Cr.	98.4	160/80.5	47.3	36.1	1.83 %	4.87 %	5.79 %	10.0
Industry Average	59,372.10 Cr	204.28		60.42	91.46	0.76%	9.06%	11.88%	8.08

All Competitor Stocks of PTC India Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	3,101	4,308	4,899	3,139	3,573	4,758	5,070	3,428	3,507	4,686	5,128	3,421	3,006
Expenses	2,684	3,942	4,541	2,829	3,295	4,492	4,775	3,178	3,256	4,382	4,822	3,111	2,797
Operating Profit	418	366	358	310	278	267	295	250	251	304	306	310	210
OPM %	13%	8%	7%	10%	8%	6%	6%	7%	7%	6%	6%	9%	7%
Other Income	6	3	3	8	16	13	72	-7	-22	42	77	9	339
Interest	182	161	150	150	106	110	109	104	100	102	91	85	71
Depreciation	26	25	25	26	3	2	2	3	3	2	2	2	3
Profit before tax	216	182	186	142	185	168	255	136	126	242	290	232	475
Tax %	27%	26%	26%	26%	25%	25%	21%	29%	28%	22%	19%	22%	22%
Net Profit	157	135	138	104	140	125	202	97	91	189	234	181	372
EPS in Rs	5.01	3.97	4.05	3.10	4.29	3.79	6.13	2.68	2.91	5.87	7.34	5.32	11.88

Last Updated: May 31, 2025, 8:02 am

Below is a detailed analysis of the quarterly data for PTC India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 3,006.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,421.00 Cr. (Dec 2024) to 3,006.00 Cr., marking a decrease of 415.00 Cr..
For Expenses, as of Mar 2025, the value is 2,797.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3,111.00 Cr. (Dec 2024) to 2,797.00 Cr., marking a decrease of 314.00 Cr..
For Operating Profit, as of Mar 2025, the value is 210.00 Cr.. The value appears to be declining and may need further review. It has decreased from 310.00 Cr. (Dec 2024) to 210.00 Cr., marking a decrease of 100.00 Cr..
For OPM %, as of Mar 2025, the value is 7.00%. The value appears to be declining and may need further review. It has decreased from 9.00% (Dec 2024) to 7.00%, marking a decrease of 2.00%.
For Other Income, as of Mar 2025, the value is 339.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Dec 2024) to 339.00 Cr., marking an increase of 330.00 Cr..
For Interest, as of Mar 2025, the value is 71.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 85.00 Cr. (Dec 2024) to 71.00 Cr., marking a decrease of 14.00 Cr..
For Depreciation, as of Mar 2025, the value is 3.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2.00 Cr. (Dec 2024) to 3.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 475.00 Cr.. The value appears strong and on an upward trend. It has increased from 232.00 Cr. (Dec 2024) to 475.00 Cr., marking an increase of 243.00 Cr..
For Tax %, as of Mar 2025, the value is 22.00%. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 22.00%.
For Net Profit, as of Mar 2025, the value is 372.00 Cr.. The value appears strong and on an upward trend. It has increased from 181.00 Cr. (Dec 2024) to 372.00 Cr., marking an increase of 191.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 11.88. The value appears strong and on an upward trend. It has increased from 5.32 (Dec 2024) to 11.88, marking an increase of 6.56.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 22, 2025, 3:10 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	12,003	13,838	13,447	15,311	12,766	15,155	18,101	18,346	16,856	15,674	16,763	16,241
Expenses	11,171	12,836	12,333	13,918	11,612	13,201	16,275	16,649	15,276	14,563	15,694	15,104
Operating Profit	831	1,002	1,114	1,393	1,154	1,954	1,826	1,697	1,580	1,111	1,070	1,137
OPM %	7%	7%	8%	9%	9%	13%	10%	9%	9%	7%	6%	7%
Other Income	48	6	154	203	147	130	23	8	23	46	75	467
Interest	228	422	633	802	946	1,243	1,159	926	757	472	431	356
Depreciation	9	8	10	21	97	97	100	100	101	10	10	9
Profit before tax	642	577	624	772	258	744	589	679	745	675	703	1,239
Tax %	30%	32%	35%	34%	36%	34%	31%	33%	26%	25%	24%	21%
Net Profit	442	326	406	506	165	490	406	458	552	507	533	976
EPS in Rs	12.19	8.66	10.90	14.01	6.75	14.37	12.42	15.16	17.10	15.05	16.11	30.41
Dividend Payout %	16%	25%	23%	21%	59%	28%	44%	49%	46%	52%	48%	38%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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:	-3%

Compounded Profit Growth
10 Years:	9%
5 Years:	13%
3 Years:	10%
TTM:	38%

Stock Price CAGR
10 Years:	11%
5 Years:	31%
3 Years:	35%
1 Year:	-15%

Return on Equity
10 Years:	10%
5 Years:	11%
3 Years:	10%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:29 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	296	296	296	296	296	296	296	296	296	296	296	296
Reserves	2,613	2,786	3,255	3,559	3,423	3,666	3,891	4,124	4,427	4,723	4,846	5,509
Borrowings	3,895	5,110	7,724	9,999	12,353	13,320	11,408	11,479	9,771	6,546	4,327	2,962
Other Liabilities	1,871	2,477	3,507	4,245	3,181	3,996	5,514	4,769	5,387	5,065	5,654	4,148
Total Liabilities	8,675	10,670	14,782	18,098	19,253	21,278	21,109	20,668	19,882	16,630	15,123	12,916
Fixed Assets	54	49	387	2,155	2,061	1,967	1,884	1,787	1,693	1,617	43	38
CWIP	1	0	0	0	0	0	0	0	0	0	0	0
Investments	866	1,293	1,102	974	400	291	564	972	768	326	284	377
Other Assets	7,754	9,328	13,293	14,970	16,792	19,020	18,662	17,909	17,421	14,686	14,796	12,500
Total Assets	8,675	10,670	14,782	18,098	19,253	21,278	21,109	20,668	19,882	16,630	15,123	12,916

Below is a detailed analysis of the balance sheet data for PTC India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 296.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 296.00 Cr..
For Reserves, as of Mar 2025, the value is 5,509.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,846.00 Cr. (Mar 2024) to 5,509.00 Cr., marking an increase of 663.00 Cr..
For Borrowings, as of Mar 2025, the value is 2,962.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 4,327.00 Cr. (Mar 2024) to 2,962.00 Cr., marking a decrease of 1,365.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 4,148.00 Cr.. The value appears to be improving (decreasing). It has decreased from 5,654.00 Cr. (Mar 2024) to 4,148.00 Cr., marking a decrease of 1,506.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 12,916.00 Cr.. The value appears to be improving (decreasing). It has decreased from 15,123.00 Cr. (Mar 2024) to 12,916.00 Cr., marking a decrease of 2,207.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 38.00 Cr.. The value appears to be declining and may need further review. It has decreased from 43.00 Cr. (Mar 2024) to 38.00 Cr., marking a decrease of 5.00 Cr..
For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Mar 2025, the value is 377.00 Cr.. The value appears strong and on an upward trend. It has increased from 284.00 Cr. (Mar 2024) to 377.00 Cr., marking an increase of 93.00 Cr..
For Other Assets, as of Mar 2025, the value is 12,500.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14,796.00 Cr. (Mar 2024) to 12,500.00 Cr., marking a decrease of 2,296.00 Cr..
For Total Assets, as of Mar 2025, the value is 12,916.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15,123.00 Cr. (Mar 2024) to 12,916.00 Cr., marking a decrease of 2,207.00 Cr..

Notably, the Reserves (5,509.00 Cr.) exceed the Borrowings (2,962.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	-1,849	-497	-1,281	111	-1,438	-108	3,294	2,108	3,049	3,575	2,451	2,132
Cash from Investing Activity +	-396	-160	87	-1,374	249	244	-414	-505	46	168	-519	892
Cash from Financing Activity +	2,012	709	1,124	1,353	1,278	-408	-2,570	-1,085	-2,788	-4,019	-2,042	-2,165
Net Cash Flow	-233	52	-70	91	89	-272	309	518	308	-276	-110	859

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	828.00	-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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	86	64	67	101	78	95	118	141	123	156	132	125
Inventory Days	1	0	0		0	0	0	0	0	0	0	0
Days Payable	48
Cash Conversion Cycle	39	64	67	101	78	95	118	141	123	156	132	125
Working Capital Days	43	35	38	34	6	26	25	41	96	105	64	85
ROCE %	11%	14%	13%	12%	12%	8%	11%	10%	10%	9%	8%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
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	33.18%	32.33%	31.67%	29.84%	28.87%	28.28%	27.47%	28.78%	29.41%	33.07%	33.31%	28.67%
DIIs	9.82%	9.47%	9.04%	8.29%	8.35%	8.31%	7.82%	6.32%	5.91%	5.78%	5.73%	5.69%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	3.38%	3.38%	3.38%	3.38%	3.38%	3.38%	3.38%
Public	40.79%	41.99%	43.07%	45.65%	46.55%	43.81%	45.10%	45.30%	45.09%	41.55%	41.35%	46.05%
No. of Shareholders	2,02,608	2,11,053	2,15,237	2,14,769	2,04,917	1,97,015	2,05,905	2,15,611	2,49,937	2,51,163	2,55,754	2,73,242

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	262,111	0.75	4.3	262,111	2025-04-22 17:25:22	0%
Groww Nifty Total Market Index Fund	656	0.03	0.01	656	2025-04-22 17:25:22	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	30.41	16.11	15.05	17.10	15.16
Diluted EPS (Rs.)	30.41	16.11	15.05	17.10	15.16
Cash EPS (Rs.)	33.21	18.23	20.64	22.08	18.84
Book Value[Excl.RevalReserv]/Share (Rs.)	196.11	203.72	198.42	186.33	174.37
Book Value[Incl.RevalReserv]/Share (Rs.)	196.11	203.72	198.42	186.33	174.37
Revenue From Operations / Share (Rs.)	548.65	566.30	539.53	569.45	619.76
PBDIT / Share (Rs.)	39.39	37.31	46.75	53.99	58.13
PBIT / Share (Rs.)	39.08	36.97	43.32	50.57	54.75
PBT / Share (Rs.)	37.65	21.97	23.06	25.18	22.93
Net Profit / Share (Rs.)	32.90	17.90	17.21	18.66	15.46
NP After MI And SOA / Share (Rs.)	30.41	16.11	15.05	17.10	15.16
PBDIT Margin (%)	7.18	6.58	8.66	9.48	9.37
PBIT Margin (%)	7.12	6.52	8.02	8.88	8.83
PBT Margin (%)	6.86	3.87	4.27	4.42	3.69
Net Profit Margin (%)	5.99	3.16	3.18	3.27	2.49
NP After MI And SOA Margin (%)	5.54	2.84	2.79	3.00	2.44
Return on Networth / Equity (%)	15.50	9.27	8.87	10.71	10.15
Return on Capital Employeed (%)	13.45	12.33	11.91	12.88	12.55
Return On Assets (%)	6.97	3.15	2.67	2.54	2.17
Long Term Debt / Equity (X)	0.30	0.54	0.96	1.28	1.74
Total Debt / Equity (X)	0.50	0.83	1.30	2.07	2.21
Asset Turnover Ratio (%)	1.16	1.06	0.87	1.03	1.15
Current Ratio (X)	2.17	1.74	1.51	1.40	1.36
Quick Ratio (X)	2.17	1.74	1.51	1.40	1.36
Dividend Payout Ratio (NP) (%)	0.00	48.41	38.52	43.86	49.48
Dividend Payout Ratio (CP) (%)	0.00	47.42	31.37	36.54	40.46
Earning Retention Ratio (%)	0.00	51.59	61.48	56.14	50.52
Cash Earning Retention Ratio (%)	0.00	52.58	68.63	63.46	59.54
Interest Coverage Ratio (X)	3.35	2.61	2.31	2.13	1.87
Interest Coverage Ratio (Post Tax) (X)	2.57	2.18	1.85	1.74	1.52
Enterprise Value (Cr.)	5475.21	8498.49	7952.35	11034.98	11457.38
EV / Net Operating Revenue (X)	0.33	0.50	0.49	0.65	0.62
EV / EBITDA (X)	4.70	7.69	5.75	6.90	6.66
MarketCap / Net Operating Revenue (X)	0.29	0.32	0.15	0.14	0.12
Retention Ratios (%)	0.00	51.58	61.47	56.13	50.51
Price / BV (X)	0.83	1.07	0.50	0.51	0.52
Price / Net Operating Revenue (X)	0.29	0.32	0.15	0.14	0.12
EarningsYield	0.18	0.08	0.17	0.20	0.19

After reviewing the key financial ratios for PTC India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 30.41. This value is within the healthy range. It has increased from 16.11 (Mar 24) to 30.41, marking an increase of 14.30.
For Diluted EPS (Rs.), as of Mar 25, the value is 30.41. This value is within the healthy range. It has increased from 16.11 (Mar 24) to 30.41, marking an increase of 14.30.
For Cash EPS (Rs.), as of Mar 25, the value is 33.21. This value is within the healthy range. It has increased from 18.23 (Mar 24) to 33.21, marking an increase of 14.98.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 196.11. It has decreased from 203.72 (Mar 24) to 196.11, marking a decrease of 7.61.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 196.11. It has decreased from 203.72 (Mar 24) to 196.11, marking a decrease of 7.61.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 548.65. It has decreased from 566.30 (Mar 24) to 548.65, marking a decrease of 17.65.
For PBDIT / Share (Rs.), as of Mar 25, the value is 39.39. This value is within the healthy range. It has increased from 37.31 (Mar 24) to 39.39, marking an increase of 2.08.
For PBIT / Share (Rs.), as of Mar 25, the value is 39.08. This value is within the healthy range. It has increased from 36.97 (Mar 24) to 39.08, marking an increase of 2.11.
For PBT / Share (Rs.), as of Mar 25, the value is 37.65. This value is within the healthy range. It has increased from 21.97 (Mar 24) to 37.65, marking an increase of 15.68.
For Net Profit / Share (Rs.), as of Mar 25, the value is 32.90. This value is within the healthy range. It has increased from 17.90 (Mar 24) to 32.90, marking an increase of 15.00.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 30.41. This value is within the healthy range. It has increased from 16.11 (Mar 24) to 30.41, marking an increase of 14.30.
For PBDIT Margin (%), as of Mar 25, the value is 7.18. This value is below the healthy minimum of 10. It has increased from 6.58 (Mar 24) to 7.18, marking an increase of 0.60.
For PBIT Margin (%), as of Mar 25, the value is 7.12. This value is below the healthy minimum of 10. It has increased from 6.52 (Mar 24) to 7.12, marking an increase of 0.60.
For PBT Margin (%), as of Mar 25, the value is 6.86. This value is below the healthy minimum of 10. It has increased from 3.87 (Mar 24) to 6.86, marking an increase of 2.99.
For Net Profit Margin (%), as of Mar 25, the value is 5.99. This value is within the healthy range. It has increased from 3.16 (Mar 24) to 5.99, marking an increase of 2.83.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.54. This value is below the healthy minimum of 8. It has increased from 2.84 (Mar 24) to 5.54, marking an increase of 2.70.
For Return on Networth / Equity (%), as of Mar 25, the value is 15.50. This value is within the healthy range. It has increased from 9.27 (Mar 24) to 15.50, marking an increase of 6.23.
For Return on Capital Employeed (%), as of Mar 25, the value is 13.45. This value is within the healthy range. It has increased from 12.33 (Mar 24) to 13.45, marking an increase of 1.12.
For Return On Assets (%), as of Mar 25, the value is 6.97. This value is within the healthy range. It has increased from 3.15 (Mar 24) to 6.97, marking an increase of 3.82.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.30. This value is within the healthy range. It has decreased from 0.54 (Mar 24) to 0.30, marking a decrease of 0.24.
For Total Debt / Equity (X), as of Mar 25, the value is 0.50. This value is within the healthy range. It has decreased from 0.83 (Mar 24) to 0.50, marking a decrease of 0.33.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.16. It has increased from 1.06 (Mar 24) to 1.16, marking an increase of 0.10.
For Current Ratio (X), as of Mar 25, the value is 2.17. This value is within the healthy range. It has increased from 1.74 (Mar 24) to 2.17, marking an increase of 0.43.
For Quick Ratio (X), as of Mar 25, the value is 2.17. This value exceeds the healthy maximum of 2. It has increased from 1.74 (Mar 24) to 2.17, marking an increase of 0.43.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 48.41 (Mar 24) to 0.00, marking a decrease of 48.41.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 47.42 (Mar 24) to 0.00, marking a decrease of 47.42.
For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 51.59 (Mar 24) to 0.00, marking a decrease of 51.59.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 52.58 (Mar 24) to 0.00, marking a decrease of 52.58.
For Interest Coverage Ratio (X), as of Mar 25, the value is 3.35. This value is within the healthy range. It has increased from 2.61 (Mar 24) to 3.35, marking an increase of 0.74.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.57. This value is below the healthy minimum of 3. It has increased from 2.18 (Mar 24) to 2.57, marking an increase of 0.39.
For Enterprise Value (Cr.), as of Mar 25, the value is 5,475.21. It has decreased from 8,498.49 (Mar 24) to 5,475.21, marking a decrease of 3,023.28.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.33. This value is below the healthy minimum of 1. It has decreased from 0.50 (Mar 24) to 0.33, marking a decrease of 0.17.
For EV / EBITDA (X), as of Mar 25, the value is 4.70. This value is below the healthy minimum of 5. It has decreased from 7.69 (Mar 24) to 4.70, marking a decrease of 2.99.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.29. This value is below the healthy minimum of 1. It has decreased from 0.32 (Mar 24) to 0.29, marking a decrease of 0.03.
For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 51.58 (Mar 24) to 0.00, marking a decrease of 51.58.
For Price / BV (X), as of Mar 25, the value is 0.83. This value is below the healthy minimum of 1. It has decreased from 1.07 (Mar 24) to 0.83, marking a decrease of 0.24.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.29. This value is below the healthy minimum of 1. It has decreased from 0.32 (Mar 24) to 0.29, marking a decrease of 0.03.
For EarningsYield, as of Mar 25, the value is 0.18. This value is below the healthy minimum of 5. It has increased from 0.08 (Mar 24) to 0.18, marking an increase of 0.10.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of PTC India Ltd as of July 26, 2025 is: 172.33

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.

As of July 26, 2025, PTC India Ltd is Overvalued by 9.77% compared to the current share price 191.00

Intrinsic Value of PTC India Ltd as of July 26, 2025 is: 198.07

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of July 26, 2025, PTC India Ltd is Undervalued by 3.70% compared to the current share price 191.00

Last 5 Year EPS CAGR: 14.94%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (14.92 cr) and profit (584.08 cr) over the years.	The stock has a low average ROCE of 10.67%, which may not be favorable. The stock has a high average Working Capital Days of 49.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 103.25, which may not be favorable. The company has higher borrowings (8,241.17) compared to reserves (3,901.83), 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 Ltd:
1. Net Profit Margin: 5.99%
  - 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: 13.45% (Industry Average ROCE: 9.06%)
  - 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%: 15.5% (Industry Average ROE: 11.88%)
  - 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): 2.57
  - 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: 2.17
  - 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: 8.42 (Industry average Stock P/E: 60.42)
  - 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: 0.5
  - 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 - 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.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	2nd Floor, New Delhi Delhi 110066	info@ptcindia.com http://www.ptcindia.com

Management
Name	Position Held
Dr. Manoj Kumar Jhawar	Chairman & Managing Director
Mr. Prakash S Mhaske	Independent Director
Mr. Arabandi Venuprasad	Independent Director
Mr. Narendra Kumar	Independent Director
Mrs. Rashmi Verma	Independent Director
Dr. Jayant Dasgupta	Independent Director
Mrs. Mini Ipe	Independent Director
Mrs. Sangeeta Kaushik	Nominee Director
Mr. Mohammad Afzal	Nominee Director
Mr. Rajiv Kumar Rohilla	Nominee Director
Mr. Rajneesh Agarwal	Nominee Director
Mr. Rajiv Ranjan Jha	Nominee Director

FAQ

What is the intrinsic value of PTC India Ltd?

PTC India Ltd's intrinsic value (as of 26 July 2025) is 172.33 9.77% lower the current market price of 191.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,656 Cr. market cap, FY2025-2026 high/low of 247/128, reserves of 5,509 Cr, and liabilities of 12,916 Cr.

What is the Market Cap of PTC India Ltd?

The Market Cap of PTC India Ltd is 5,656 Cr..

What is the current Stock Price of PTC India Ltd as on 26 July 2025?

The current stock price of PTC India Ltd as on 26 July 2025 is 191.

What is the High / Low of PTC India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of PTC India Ltd stocks is ₹247/128.

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

The Stock P/E of PTC India Ltd is 8.42.

What is the Book Value of PTC India Ltd?

The Book Value of PTC India Ltd is 196.

What is the Dividend Yield of PTC India Ltd?

The Dividend Yield of PTC India Ltd is 6.12 %.

What is the ROCE of PTC India Ltd?

The ROCE of PTC India Ltd is 11.5 %.

What is the ROE of PTC India Ltd?

The ROE of PTC India Ltd is 12.3 %.

What is the Face Value of PTC India Ltd?

The Face Value of PTC India Ltd is 10.0.