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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PTC India Ltd

About the Company - PTC India Ltd

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 belongs to the Industry of Power - Generation/Distribution. Company’s Total Operating Revenue is Rs. 15631.39 Cr. and Equity Capital is Rs. 296.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/Distribution2nd Floor, New Delhi Delhi 110066info@ptcindia.com
http://www.ptcindia.com
Management
NamePosition Held
Dr. Rajib Kumar MishraChairman & Managing Director
Mr. Ramesh Narain MisraIndependent Director
Mr. Devendra Swaroop SaksenaIndependent Director
Mr. Prakash S MhaskeIndependent Director
Mrs. Rashmi VermaIndependent Director
Dr. Jayant DasguptaIndependent Director
Mr. Narendra KumarIndependent Director
Mr. Ravisankar GanesanNominee Director
Mr. Rajiv Ranjan JhaNominee Director
Mrs. Sangeeta KaushikNominee Director
Mr. Mohammad AfzalNominee Director
Mr. Mahendra Kumar GuptaNominee Director

PTC India Ltd. Share Price Update

Share PriceValue
Today₹188.75
Previous Day₹190.35

Basic Stock Data of PTC India Ltd

Market Cap 5,820 Cr.
Current Price 197
High / Low255/84.0
Stock P/E11.5
Book Value 172
Dividend Yield3.96 %
ROCE9.21 %
ROE9.03 %
Face Value 10.0

Data Source: screener.in

Competitors of PTC India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
India Power Corporation Ltd 2,011 Cr. 20.628.0/9.10138 10.40.23 %3.77 %1.14 % 1.00
Reliance Infrastructure Ltd 9,052 Cr. 228252/126 2420.00 %8.95 %0.67 % 10.0
SJVN Ltd 47,668 Cr. 121170/30.453.3 36.51.44 %9.27 %10.3 % 10.0
Jaiprakash Power Ventures Ltd 12,521 Cr. 18.324.0/5.1525.7 15.60.00 %5.16 %0.57 % 10.0
KKV Agro Powers Ltd 73.7 Cr. 1,3001,317/54359.4 3820.39 %12.2 %5.89 % 10.0
Industry Average14,265.14 Cr337.5855.28137.300.41%7.87%3.71%8.20

PTC India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6,0053,7943,9174,9585,4733,3243,1014,3084,8993,1393,6254,8485,203
Expenses5,4873,3873,5524,5495,0013,0482,6843,9424,5412,8293,3094,5064,789
Operating Profit517407364409472275418366358310316342414
OPM %9%11%9%8%9%8%13%8%7%10%9%7%8%
Other Income72-1122156338181623
Interest234225215203186180182161150150138142140
Depreciation25252525252526252526252525
Profit before tax26615811318326284216182186142171191272
Tax %27%28%56%26%25%25%27%26%26%26%24%25%26%
Net Profit1941145013619563157135138104129143202
EPS in Rs6.173.612.324.065.982.045.013.974.053.103.944.396.13

PTC India Ltd Quarterly Chart

PTC India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8,0219,12012,00313,83813,44715,31112,76615,15518,10118,34616,85615,97116,815
Expenses7,6418,67111,17112,83612,33313,91811,61213,20116,27516,64915,27614,61615,433
Operating Profit3804498311,0021,1141,3931,1541,9541,8261,6971,5801,3551,382
OPM %5%5%7%7%8%9%9%13%10%9%9%8%8%
Other Income7815486154203147130238233266
Interest951082284226338029461,2431,159926757605571
Depreciation989810219797100100101102101
Profit before tax354348642577624772258744589679745680776
Tax %27%30%30%32%35%34%36%34%31%33%26%25%
Net Profit259238442326406506165490406458552507579
EPS in Rs6.926.7012.198.6610.9014.016.7514.3712.4215.1617.1015.0517.56
Dividend Payout %22%24%16%25%23%21%59%28%44%49%46%52%

PTC India Ltd Profit & Loss Yearly Chart

PTC India Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:5%
3 Years:-4%
TTM:11%
Compounded Profit Growth
10 Years:8%
5 Years:22%
3 Years:6%
TTM:6%
Stock Price CAGR
10 Years:12%
5 Years:21%
3 Years:40%
1 Year:129%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:10%
Last Year:9%

PTC India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital295296296296296296296296296296296296296
Reserves2,2062,3382,6132,7863,2553,5593,4233,6663,8914,1244,4274,7234,802
Borrowings7601,5873,8955,1107,7249,99912,35313,32011,40811,4799,7716,5466,279
Other Liabilities1,8521,7501,8712,4773,5074,2453,1813,9965,5144,7695,3875,0655,789
Total Liabilities5,1125,9718,67510,67014,78218,09819,25321,27821,10920,66819,88216,63017,166
Fixed Assets605554493872,1552,0611,9671,8841,7871,6931,6171,569
CWIP0110000000000
Investments7629828661,2931,102974400291564972768326525
Other Assets4,2904,9347,7549,32813,29314,97016,79219,02018,66217,90917,42114,68615,072
Total Assets5,1125,9718,67510,67014,78218,09819,25321,27821,10920,66819,88216,63017,166

PTC India Ltd Reserves and Borrowings Chart

PTC India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1,152-370-1,849-497-1,281111-1,438-1083,2942,1083,0493,575
Cash from Investing Activity 599-94-396-16087-1,374249244-414-50546168
Cash from Financing Activity -676522,0127091,1241,3531,278-408-2,570-1,085-2,788-4,019
Net Cash Flow-620188-23352-709189-272309518308-276

PTC India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1188664671017895118141123156130
Inventory Days21000000000
Days Payable6248
Cash Conversion Cycle583964671017895118141123156130
Working Capital Days684335383462625419610563
ROCE %12%11%14%13%12%12%8%11%10%10%9%9%

PTC India Ltd Financial Efficiency Indicators Chart

PTC India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%
FIIs28.70%31.95%34.29%34.68%34.13%33.18%32.33%31.67%29.84%28.87%28.28%27.47%
DIIs12.88%12.54%10.06%9.59%12.46%9.82%9.47%9.04%8.29%8.35%8.31%7.82%
Government0.02%0.03%0.03%0.03%0.00%0.00%0.00%0.00%0.00%0.00%3.38%3.38%
Public42.18%39.26%39.40%39.48%37.19%40.79%41.99%43.07%45.65%46.55%43.81%45.10%
No. of Shareholders1,60,7441,56,2311,80,8551,81,8561,82,4472,02,6082,11,0532,15,2372,14,7692,04,9171,97,0152,05,905

PTC India Ltd Shareholding Pattern Chart

No. of PTC India Ltd Shareholders

PTC India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund2621110.754.3
Groww Nifty Total Market Index Fund6560.030.01

PTC India Ltd ROCE Trend

PTC India Ltd EPS Trend

PTC India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.0517.1015.1612.4214.37
Diluted EPS (Rs.)15.0517.1015.1612.4214.37
Cash EPS (Rs.)20.6422.0818.8417.1119.82
Book Value[Excl.RevalReserv]/Share (Rs.)198.42186.33174.37166.46158.27
Book Value[Incl.RevalReserv]/Share (Rs.)198.42186.33174.37166.46158.27
Revenue From Operations / Share (Rs.)539.53569.45619.76611.49511.62
PBDIT / Share (Rs.)46.7553.9958.1362.3770.31
PBIT / Share (Rs.)43.3250.5754.7558.9867.03
PBT / Share (Rs.)23.0625.1822.9319.9125.14
Net Profit / Share (Rs.)17.2118.6615.4613.7216.55
NP After MI And SOA / Share (Rs.)15.0517.1015.1612.4214.37
PBDIT Margin (%)8.669.489.3710.1913.74
PBIT Margin (%)8.028.888.839.6413.10
PBT Margin (%)4.274.423.693.254.91
Net Profit Margin (%)3.183.272.492.243.23
NP After MI And SOA Margin (%)2.793.002.442.032.80
Return on Networth / Equity (%)8.8710.7110.158.7710.73
Return on Capital Employeed (%)11.9112.8812.5512.9114.16
Return On Assets (%)2.672.542.171.741.99
Long Term Debt / Equity (X)0.961.281.742.032.33
Total Debt / Equity (X)1.302.072.212.412.83
Asset Turnover Ratio (%)0.871.031.151.090.99
Current Ratio (X)1.511.401.361.150.89
Quick Ratio (X)1.511.401.361.150.89
Dividend Payout Ratio (NP) (%)38.5243.8649.4832.2127.84
Dividend Payout Ratio (CP) (%)31.3736.5440.4625.2922.66
Earning Retention Ratio (%)61.4856.1450.5267.7972.16
Cash Earning Retention Ratio (%)68.6363.4659.5474.7177.34
Interest Coverage Ratio (X)2.312.131.871.601.68
Interest Coverage Ratio (Post Tax) (X)1.851.741.521.351.39
Enterprise Value (Cr.)7952.3511034.9811457.3811228.7713896.09
EV / Net Operating Revenue (X)0.490.650.620.620.91
EV / EBITDA (X)5.756.906.666.086.68
MarketCap / Net Operating Revenue (X)0.150.140.120.060.14
Retention Ratios (%)61.4756.1350.5167.7872.15
Price / BV (X)0.500.510.520.270.54
Price / Net Operating Revenue (X)0.150.140.120.060.14
EarningsYield0.170.200.190.320.19

PTC India Ltd Profitability Ratios (%)

PTC India Ltd Liquidity Ratios

PTC India Ltd Liquidity Ratios (%)

PTC India Ltd Interest Coverage Ratios (X)

PTC India Ltd Valuation Ratios

Fair Value / Intrinsic Value of PTC India Ltd

Fair Value: ₹185.69

The stock is overvalued by 5.74% compared to the current price ₹197

*Investments are subject to market risks

Strength and Weakness of PTC India Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (13.85 cr) and profit (599.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 54.93 and average Dividend Yield of 9.69%.
  2. The stock has a low average ROCE of 10.92%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 48.33, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 97.50, which may not be favorable.
  5. The company has higher borrowings (7,710.08) compared to reserves (3,524.08), which may suggest financial risk.

Should I Buy PTC India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PTC India Ltd:
    1. Net Profit Margin: 3.18%
      • 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: 11.91% (Industry Average ROCE: 9.23%)
      • 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. Interest Coverage Ratio (Post Tax): 1.85
      • 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.
    4. Quick Ratio: 1.51
      • 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.
    5. ✗ Stock P/E: 11.3 (Industry average Stock P/E: 10.34)
      • 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.
    6. ✗ Total Debt / Equity: 1.30
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 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