PTC India Ltd logo

PTC India Ltd

PTC NSE

Key Fundamentals

MicrocapPower TradingPower
Market Cap
₹4,628 Cr
Volatility
Moderate
P/E Ratio
9.06
EBITDA
₹729 Cr
Return on Equity
12.61%
Debt to Equity
0.3
Book Value
₹202.05
EPS
₹17.36
52W High
₹229.51
52W Low
₹149.59

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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46 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company has reduced debt.
  • Stock is trading at 0.79 times its book value
  • Company has been maintaining a healthy dividend payout of 42.8%

Weaknesses

4
  • The company has delivered a poor sales growth of -1.78% over past five years.
  • Promoter holding is low: 16.2%
  • Company has a low return on equity of 10.7% over last 3 years.
  • Earnings include an other income of Rs.324 Cr.

Growth Rate

Revenue Growth
2.11% ↘
Net Income Growth
-9.00% ↘
Cash Flow Change
-13.02% ↘
ROE
57.23% ↗
ROCE
40.44% ↗
EBITDA Margin (Avg.)
-40.08% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 19d ago
AI opinion · based on fundamentals
Risk medium

PTC India Ltd trades at a PE of 7x and 0.84x book value with a market cap of Rs.4,947 Cr. The company maintains a 42.8% dividend payout but has delivered negative sales growth of -1.78% over five years, while compounded profit has grown at 11% over three years.

Bull Case 7
  • Stock trades at 0.84x price-to-book value, indicating potential undervaluation relative to net assets
  • PE ratio of 7x is significantly below broader market averages, offering a margin of safety on an earnings basis
  • Healthy dividend payout ratio of 42.8% with a current dividend yield of 1.77%, providing income to shareholders
  • Company has reduced debt, strengthening the balance sheet and lowering financial risk
  • Compounded profit growth of 11% over 3 years demonstrates improving earnings trajectory
  • 10-year stock CAGR of 8% and 5-year CAGR of 11% show long-term wealth creation despite recent weakness
  • ROE has been consistent at 10-11% over 3, 5, and 10-year periods, reflecting stable return generation
Bear Case 8
  • Sales growth has been negative at -1.78% over the past five years, indicating structural revenue stagnation
  • TTM profit has declined 9%, showing recent earnings deterioration
  • Promoter holding is low at 16.2%, raising concerns about alignment of interests and vulnerability to hostile actions
  • Earnings include other income of Rs.364 Cr, suggesting core operating profitability may be overstated
  • ROE of 10.7% over 3 years is below cost-of-equity benchmarks for Indian markets
  • TTM sales growth of only 3% and 10-year compounded sales growth of just 2% signal limited topline expansion potential
  • Stock has delivered -12% return over the past 1 year, underperforming the broader market significantly
  • 5-year compounded sales growth is negative at -2%, indicating the business has been unable to grow revenue sustainably

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 16d ago
Positives 1
  • 1200 MW solar PPA signed Jul 3

    PTC India signed a PPA with NTPC Renewable Energy Ltd for 1200 MW solar power on July 3, 2026, expanding its renewable energy trading portfolio.

Neutral 2
  • Q1FY27 results call Aug 5 Aug 1

    PTC India scheduled an investor/analyst conference call for August 5, 2026, to discuss Q1FY27 results, led by MD & CEO Dr. Manoj Kumar Jhawar.

  • ₹11.8 lakh tax penalty notice Aug 1

    PTC India received a ₹11,80,047 demand notice for AY 2013-14 after Rule 8D disallowances were reduced from ₹4.65 crore to ₹12.12 lakh. Total pending penalties across five years are ~₹75 lakh, deemed immaterial by the company.

TL;DR: PTC India is growing its renewable energy trading book with a significant 1200 MW solar PPA with NTPC REL, signaling continued relevance in India's clean energy transition. Tax penalty notices totaling ~₹75 lakh are financially immaterial and pose no real risk. The near-term catalyst is the Q1FY27 results call on Aug 5, which should clarify trading volumes and margin trends for the quarter.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,758
5,070
3,428
3,507
4,555
5,128
3,421
2,924
4,009
5,459
3,405
3,898
4,774
Expenses
4,492
4,775
3,178
3,256
4,311
4,822
3,111
2,768
3,721
5,183
3,232
3,753
4,623
Operating Profit
267
295
250
251
244
306
310
156
288
275
173
145
151
OPM %
6%
6%
7%
7%
5%
6%
9%
5%
7%
5%
5%
3.7%
3.1%
Other Income
13
72
-7
-22
173
77
9
421
95
127
68
75
55
Interest
110
109
104
100
173
91
85
99
92
101
64
53
52
Depreciation
2
2
3
3
2
2
2
3
2
3
3
3
2
PBT
168
255
136
126
242
290
232
475
289
298
175
164
151
Tax %
25%
21%
29%
28%
22%
19%
22%
22%
16%
26%
25%
26%
26%
Net Profit
125
202
97
91
189
234
181
372
243
222
131
121
112
EPS in Rs
3.79
6.13
2.68
2.91
5.87
7.34
5.32
11.88
6.59
6.46
3.85
3.56
3.31
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
13,838
13,447
15,311
12,766
15,155
18,101
18,346
16,856
15,971
16,763
16,241
16,771
17,535
Expenses
12,836
12,333
13,918
11,612
13,201
16,275
16,646
15,276
14,616
15,694
15,104
15,888
16,791
Operating Profit
1,002
1,114
1,393
1,154
1,954
1,826
1,699
1,580
1,355
1,070
1,137
883
744
OPM %
7%
8%
9%
9%
13%
10%
9%
9%
8%
6%
7%
5%
4.2%
Other Income
6
154
203
147
130
23
8
23
32
75
467
364
324
Interest
422
633
802
946
1,243
1,159
928
757
605
431
356
310
270
Depreciation
8
10
21
97
97
100
100
101
102
10
9
10
10
PBT
577
624
772
258
744
589
679
745
680
703
1,239
926
788
Tax %
32%
35%
34%
36%
34%
31%
33%
26%
25%
24%
21%
22%
—
Net Profit
326
406
506
165
490
406
458
552
507
533
976
717
587
EPS in Rs
8.66
10.9
14.01
6.75
14.37
12.42
15.16
17.1
15.05
16.11
30.41
20.46
17.18
Div. Payout %
25%
23%
21%
59%
28%
44%
49%
46%
52%
48%
38%
42%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
296
296
296
296
296
296
296
296
296
296
296
296
Reserves
2,786
3,255
3,559
3,423
3,666
3,891
4,124
4,427
4,723
4,846
5,509
5,685
Borrowings
5,110
7,724
9,999
12,353
13,320
11,408
11,479
9,771
6,546
4,327
2,962
1,769
Other Liabilities
2,477
3,507
4,245
3,181
3,996
5,514
4,769
5,387
5,065
5,654
4,148
4,881
Total Liabilities
10,670
14,782
18,098
19,253
21,278
21,109
20,668
19,882
16,630
15,123
12,916
12,631
Fixed Assets
49
387
2,155
2,061
1,967
1,884
1,787
1,693
1,617
43
38
32
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
1,293
1,102
974
400
291
564
972
768
326
284
377
941
Other Assets
9,328
13,293
14,970
16,792
19,020
18,662
17,909
17,421
14,686
14,796
12,500
11,658
Total Assets
10,670
14,782
18,098
19,253
21,278
21,109
20,668
19,882
16,630
15,123
12,916
12,631
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-497
-1,281
111
-1,438
-108
3,294
2,108
3,049
3,575
2,451
2,132
2,817
Investing
-160
87
-1,374
249
244
-414
-505
46
168
-519
869
-824
Financing
709
1,124
1,353
1,278
-408
-2,570
-1,085
-2,788
-4,019
-2,042
-2,165
-3,428
Net Cash Flow
52
-70
91
89
-272
309
518
308
-276
-110
835
-1,434
Free Cash Flow
-500
-1,594
-1,366
-1,754
-111
3,292
2,105
3,040
3,574
2,448
2,127
2,813
CFO/OP
-29
-88
28
-99
9
194
130
193
275
247
211
347
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
67
101
78
95
118
141
123
156
130
125
107
95
Inventory Days
0
—
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
67
101
78
95
118
141
123
156
130
125
107
95
Working Capital Days
7
-4
-62
-79
-23
8
20
25
24
52
36
37
ROCE %
13%
12%
12%
8%
11%
10%
10%
9%
9%
10%
12%
13%

Shareholding Pattern

As of Jun 2026
Public 32.61%
FIIs 28.88%
Promoters 16.22%
Others 9.97%
DIIs 8.95%
Government 3.38%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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%
16.22%
16.22%
16.22%
16.22%
16.22%
16.22%
16.22%
16.22%
16.22%
16.22%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
27.47%
28.77%
29.41%
33.07%
33.31%
28.67%
25.72%
28.75%
28.92%
27.81%
27.46%
28.88%
DIIs
12.55%
10.06%
9.59%
12.46%
9.82%
9.47%
9.04%
8.30%
8.36%
8.32%
7.82%
6.33%
5.91%
5.78%
5.74%
5.69%
6.78%
6.82%
6.84%
6.71%
7.52%
8.95%
Government
0.03%
0.03%
0.03%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
3.38%
Public
28.92%
29.24%
28.38%
27.62%
30.63%
32.03%
33.11%
35.04%
35.95%
35.45%
37.37%
36.64%
35.97%
33.55%
32.67%
36.35%
37.26%
34.98%
34.77%
36.30%
35.05%
32.61%
Others
42.29%
44.45%
45.79%
43.70%
43.34%
42.29%
41.64%
40.45%
39.47%
36.63%
7.75%
8.66%
9.12%
8.01%
8.69%
9.69%
10.66%
9.86%
9.87%
9.59%
10.37%
9.97%
No. of Shareholders
0
1,56,231
1,80,855
1,81,856
1,82,447
2,02,608
2,11,053
2,15,237
2,04,917
1,97,015
2,05,905
2,15,611
2,49,937
2,51,163
2,55,754
2,73,242
2,74,500
2,66,059
2,69,199
2,73,627
2,70,599
2,54,640

Documents

Frequently Asked Questions about PTC India Ltd

What does PTC India Ltd do?
PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). [1][2]
Where is PTC India Ltd (PTC) listed?
PTC India Ltd is listed on the Indian stock exchanges. It is listed on NSE: PTC and BSE: 532524. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PTC India Ltd belong to?
PTC India Ltd operates in the Power sector within the Power Trading industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PTC India Ltd?
PTC India Ltd has a market capitalisation of approximately ₹4627.79 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of PTC India Ltd?
The Price-to-Earnings (PE) ratio of PTC India Ltd is 9.06. 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 PTC India Ltd?
Over the past 52 weeks, PTC India Ltd has traded between a low of ₹149.59 and a high of ₹229.51. This range helps investors understand the stock's price volatility and recent trading levels.
Does PTC India Ltd pay dividends?
Yes, PTC India Ltd has a dividend yield of 14.48%. 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 PTC India Ltd?
PTC India Ltd has a Return on Equity (ROE) of 12.61%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PTC India Ltd on Tapetide?
On Tapetide, you can view PTC India 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

PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). [1][2]

Website ptcindia.com
CEO Dr. Manoj Kumar Jhawar
Employees 115
Listed 2004-04-07
Face Value ₹ 10
Issued Size 29,60,08,321

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