Pitti Engineering Ltd
PITTIENG NSE
Pitti Engineering Ltd
Capital GoodsNSE: PITTIENG BSE: 513519 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹4,082 Cr
Volatility
Moderate
P/E Ratio
33.24
EBITDA
₹316 Cr
Return on Equity
13.61%
Debt to Equity
0.82
Book Value
₹262.1
EPS
₹25.43
52W High
₹1,100
52W Low
₹675
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Pitti Engineering Ltd insights
56 extracted metrics + investor summaries across FY16–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- 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.
Weaknesses
1- Promoter holding has decreased over last 3 years: -5.12%
Growth Rate
Revenue Growth
9.72% ↗
Net Income Growth
3.72% ↘
Cash Flow Change
260.58% ↗
ROE
-28.26% ↘
ROCE
-15.53% ↘
EBITDA Margin (Avg.)
-9.11% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 49d agoAI opinion · based on fundamentals
Risk medium
Pitti Engineering Ltd is a mid-cap industrial company with a market cap of ₹3,615 Cr trading at a PE of 31.1x. The company has delivered strong historical profit growth (32% CAGR over 5 years) but recent TTM profit growth has turned negative at -4%, while sales continue to grow at 12% TTM.
Bull Case 7
- Strong 5-year compounded profit growth of 32% CAGR demonstrates sustained earnings expansion
- 5-year compounded sales growth of 30% CAGR indicates robust revenue scaling over a meaningful period
- 3-year stock CAGR of 39% and 5-year CAGR of 45% reflect significant long-term value creation
- Debtor days improved from 52.4 to 39.4 days, indicating better working capital management and faster collections
- TTM sales growth of 12% shows continued top-line momentum even as broader industrial demand fluctuates
- 3-year compounded profit growth of 26% remains healthy over the medium term
- 10-year stock CAGR of 36% demonstrates a long track record of compounding shareholder wealth
Bear Case 7
- TTM profit growth has turned negative at -4%, signaling margin compression or cost pressures in the most recent period
- PE ratio of 31.1x is elevated for an industrial company, leaving limited margin of safety if growth slows further
- Promoter holding has decreased by 5.10% over the last 3 years, raising questions about insider confidence
- ROE has declined from a 5-year average of 17% to 13% in the last year, indicating deteriorating capital efficiency
- Dividend yield of just 0.15% offers negligible income return to shareholders at current valuations
- Price-to-book ratio of 3.71x implies the stock is priced well above its book value, demanding sustained high growth to justify
- 1-year stock return of just 1% suggests the market has already priced in historical growth and is awaiting fresh catalysts
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 49d ago Neutral 1
- Promoters confirm no share encumbrance Jun 15
Pitti Engineering promoters declared zero encumbrance of shares for FY26 under SEBI SAST Regulations, indicating no pledging of promoter holdings.
TL;DR: Limited recent news flow for Pitti Engineering. The only development is a routine regulatory disclosure confirming promoters have not pledged any shares in FY26, which removes one governance concern. No material headwinds or catalysts are visible in the current news cycle, leaving the near-term outlook dependent on broader industrial sector trends and upcoming quarterly results.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 290 | 303 | 302 | 336 | 391 | 429 | 415 | 469 | 457 | 478 | 477 | 501 | 529 |
| Expenses | 247 | 258 | 250 | 284 | 333 | 363 | 348 | 389 | 381 | 400 | 397 | 419 | 443 |
| Operating Profit | 42 | 45 | 51 | 52 | 58 | 66 | 67 | 80 | 75 | 78 | 81 | 82 | 86 |
| OPM % | 15% | 15% | 17% | 15% | 15% | 15% | 16% | 17% | 16% | 16% | 17% | 16% | 16% |
| Other Income | 1 | 13 | 3 | 32 | 3 | 26 | 6 | 4 | 7 | 21 | 7 | 5 | 1 |
| Interest | 12 | 11 | 14 | 14 | 17 | 19 | 13 | 19 | 21 | 19 | 21 | 22 | 23 |
| Depreciation | 13 | 13 | 16 | 16 | 17 | 20 | 21 | 22 | 26 | 26 | 27 | 27 | 28 |
| PBT | 19 | 33 | 25 | 54 | 28 | 53 | 39 | 42 | 37 | 54 | 40 | 37 | 36 |
| Tax % | 25% | 32% | 38% | 14% | 30% | 28% | 26% | 14% | 37% | 26% | 29% | 29% | 19% |
| Net Profit | 14 | 22 | 16 | 46 | 19 | 38 | 29 | 36 | 23 | 40 | 28 | 27 | 30 |
| EPS in Rs | 4.36 | 6.87 | 4.9 | 14.35 | 6.04 | 10.72 | 7.64 | 9.6 | 6.08 | 10.65 | 7.49 | 7.07 | 7.83 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 525 | 518 | 954 | 1,100 | 1,244 | 1,705 | 1,913 | 1,985 |
| Expenses | 447 | 439 | 821 | 949 | 1,063 | 1,433 | 1,597 | 1,659 |
| Operating Profit | 78 | 80 | 133 | 151 | 181 | 271 | 316 | 327 |
| OPM % | 15% | 15% | 14% | 14% | 15% | 16% | 16% | 16% |
| Other Income | 4 | 19 | 16 | 18 | 48 | 39 | 40 | 34 |
| Interest | 34 | 30 | 40 | 45 | 51 | 68 | 83 | 85 |
| Depreciation | 27 | 30 | 39 | 45 | 59 | 81 | 105 | 107 |
| PBT | 20 | 39 | 71 | 80 | 119 | 162 | 168 | 167 |
| Tax % | 14% | 25% | 26% | 26% | 25% | 24% | 30% | — |
| Net Profit | 17 | 29 | 52 | 59 | 90 | 122 | 118 | 124 |
| EPS in Rs | 5.34 | 8.97 | 16.18 | 18.36 | 27.99 | 32.48 | 31.29 | 33.04 |
| Div. Payout % | 0% | 0% | 13% | 15% | 5% | 5% | 8% | — |
Balance Sheet
| 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 |
| Borrowings | — | 318 | 393 | 356 | 628 | 690 | 811 |
| Other Liabilities | — | 148 | 280 | 287 | 290 | 416 | 340 |
| Total Liabilities | — | 701 | 957 | 978 | 1,391 | 2,004 | 2,138 |
| Fixed Assets | — | 285 | 327 | 364 | 465 | 1,027 | 1,153 |
| CWIP | — | 1 | 1 | 24 | 122 | 63 | 50 |
| Investments | — | 16 | 16 | 15 | 0 | 0 | 0 |
| Other Assets | — | 399 | 613 | 574 | 804 | 914 | 935 |
| Total Assets | — | 701 | 957 | 978 | 1,391 | 2,004 | 2,138 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | — | 32 | 88 | 222 | 80 | 289 | 205 |
| Investing | — | -66 | -93 | -104 | -247 | -536 | -175 |
| Financing | — | 28 | 12 | -87 | 203 | 269 | -9 |
| Net Cash Flow | — | -6 | 7 | 32 | 37 | 22 | 21 |
| Free Cash Flow | — | -33 | 10 | 118 | -129 | -58 | 15 |
| CFO/OP | — | 47 | 80 | 170 | 50 | 120 | 76 |
Ratios
| 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% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Pitti Engineering confirms non-applicability of SEBI initial disclosure; outstanding borrowing was ₹382.44 crore on 31 March 2026. 28 Apr - Pitti Engineering confirms non-applicability of SEBI initial disclosure; outstanding borrowing was ₹382.44 crore on 31 March 2026.
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Apr - Of schedule of Audio Conference Call for Investors on 15th May 2026 28 Apr - Of schedule of Audio Conference Call for Investors on 15th May 2026
3
Announcement under Regulation 30 (LODR)-Credit Rating
27 Apr - India Ratings assigned IND AA-/Stable/IND A1+ to ₹5,270 million and affirmed same ratings for ₹10,149.70 million loans. 27 Apr - India Ratings assigned IND AA-/Stable/IND A1+ to ₹5,270 million and affirmed same ratings for ₹10,149.70 million loans.
4
Board Meeting Intimation for Approval Of Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March 2026 And Recommendation Of Final Dividend On Equity Shares Of The Company, If Any
24 Apr - Board meets 14 May 2026 to approve FY26 audited results and consider final dividend. 24 Apr - Board meets 14 May 2026 to approve FY26 audited results and consider final dividend.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Pitti Engineering confirms non-applicability of SEBI initial disclosure; outstanding borrowing was ₹382.44 crore on 31 March 2026. 28 Apr - Pitti Engineering confirms non-applicability of SEBI initial disclosure; outstanding borrowing was ₹382.44 crore on 31 March 2026.
Frequently Asked Questions about Pitti Engineering Ltd
What does Pitti Engineering Ltd do?
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.
Where is Pitti Engineering Ltd (PITTIENG) listed?
Pitti Engineering Ltd is listed on the Indian stock exchanges. It is listed on NSE: PITTIENG and BSE: 513519. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Pitti Engineering Ltd belong to?
Pitti Engineering Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Pitti Engineering Ltd?
Pitti Engineering Ltd has a market capitalisation of approximately ₹4081.65 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Pitti Engineering Ltd?
The Price-to-Earnings (PE) ratio of Pitti Engineering Ltd is 33.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Pitti Engineering Ltd?
Over the past 52 weeks, Pitti Engineering Ltd has traded between a low of ₹675 and a high of ₹1,100. This range helps investors understand the stock's price volatility and recent trading levels.
Does Pitti Engineering Ltd pay dividends?
Yes, Pitti Engineering Ltd has a dividend yield of 0.24%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Pitti Engineering Ltd?
Pitti Engineering Ltd has a Return on Equity (ROE) of 13.61%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Pitti Engineering Ltd on Tapetide?
On Tapetide, you can view Pitti Engineering Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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.
Website pitti.in
CEO Mr. Sharad Badrivishal Pitti
Employees 2,015
Listed 2007-02-02
Face Value ₹ 5
Issued Size 3,76,53,588