PTC Industries Ltd logo

PTC Industries Ltd

PTCIL NSE

Key Fundamentals

SmallcapOther Industrial ProductsIndustrial Products
Market Cap
₹29,666 Cr
Volatility
High Risk
P/E Ratio
236.23
EBITDA
₹132 Cr
Return on Equity
4.4%
Debt to Equity
0.17
Book Value
₹1,005.24
52W High
₹20,750
52W Low
₹13,251

Insights

Beta

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

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51 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 101% CAGR over last 5 years
  • Company's median sales growth is 19.9% of last 10 years

Weaknesses

5
  • Stock is trading at 20.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.99% over last 3 years.
  • Company has high debtors of 166 days.
  • Promoter holding has decreased over last 3 years: -8.21%

Growth Rate

Revenue Growth
76.15% ↗
Net Income Growth
72.93% ↗
Cash Flow Change
114.12% ↗
ROE
-32.72% ↗
ROCE
-35.36% ↗
EBITDA Margin (Avg.)
-35.94% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

PTC Industries Ltd is a small-cap industrial company (market cap ₹28,484 Cr) transitioning from traditional castings into high-value titanium and superalloy components for aerospace and defence. Revenue grew ~96% TTM to ₹603 Cr (FY26) and profit CAGR stands at 101% over 5 years, but the stock trades at an extreme PE of 278x and PB of 18.8x with ROE of only ~7%, reflecting heavy future expectations priced in.

Bull Case 8
  • Revenue growth of 96% TTM (FY26 revenue ₹603 Cr vs ₹308 Cr in FY25) demonstrates strong demand acceleration from aerospace and defence clients
  • 5-year compounded profit CAGR of 101% shows the business model is scaling profitably as it moves up the value chain
  • Secured ₹100+ Cr order from BrahMos Aerospace for critical titanium castings, validating defence sector positioning
  • Long-term supply agreement with Safran Aircraft Engines for LEAP-1A/1B engine components makes subsidiary ATL the only Indian company supplying cast aero-engine parts in titanium and superalloys
  • 10-year median sales growth of 19.9% provides a long runway of consistent top-line expansion even before the recent defence/aerospace pivot fully scales
  • Stock price CAGR of 79% over 5 years and 51% over 3 years reflects sustained market confidence in the company's strategic pivot
  • Capacity expansion in the UP Defence Industrial Corridor (ATL facility inaugurated May 2025) positions the company for multi-year order execution
  • Q3 FY26 revenue up 114.6% YoY to ₹165 Cr indicates the growth trajectory is accelerating, not decelerating
Bear Case 8
  • PE ratio of 278x is extreme even for a high-growth industrial company, leaving very little room for execution missteps
  • Return on equity of only 7% over the last 3 years is low for a company valued at 18.8x book value, indicating capital is not yet generating commensurate returns
  • Zero dividend yield despite reporting repeated profits means shareholders depend entirely on capital appreciation with no income cushion
  • Debtor days of 166 indicate significant working capital strain, typical of defence/government clients with long payment cycles
  • Promoter holding has decreased by 8.21% over the last 3 years, partly due to reclassification of family members to public category in January 2024
  • Price-to-book ratio of 18.8x implies the market is pricing in substantial future asset creation that has not yet materialized on the balance sheet
  • 3-year sales CAGR of 40% is considerably lower than the TTM 96% spike, raising questions about whether the recent surge is sustainable or lumpy order-driven
  • 10-year ROE data is unavailable and the available 7% figure suggests historically thin margins relative to the capital employed in the business

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

AI News Digest

Anthropic anthropic claude-opus-4.6 5h ago
Positives 4
  • Q1FY27 profit surges 466% Aug 17

    Net profit jumped 466.2% YoY to ₹291.9m on revenue of ₹1,971.1m (up 83%). EBITDA margins widened 954 bps to 27.5%.

  • QIP and borrowing limits approved Aug 1

    Shareholders approved Qualified Institution Placement and increased borrowing powers at the Aug 01 EGM, enabling future capital raises for growth.

  • DRDO tank cradle design order Jul 23

    Received a 2.5-year design and development order from ARDE/DRDO for a titanium cradle for the 105mm Indian Light Weight Tank, marking entry into design-led defence manufacturing.

  • Artillery order from Gun Factory Jul 26

    Secured a 9-month development order from Ordnance Factory Kanpur for two major artillery gun components on Jul 24, supporting indigenous defence production.

Neutral 1
  • EGM time rescheduled Jul 27

    The Aug 01 EGM was shifted from 3:00 PM to 5:30 PM due to unforeseen circumstances. No material impact on business.

TL;DR: PTC Industries is firing on all cylinders with explosive Q1FY27 earnings growth (466% profit, 83% revenue), expanding defence order wins across DRDO, BrahMos, and Airbus, and shareholder-approved capital raising flexibility via QIP. No visible headwinds in recent news flow. The trend is strongly improving with deepening defence ecosystem integration and a shift toward higher-value design-led manufacturing.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
72
58
55
72
47
72
67
122
97
125
156
225
192
Expenses
52
42
40
51
37
51
52
93
88
99
131
153
143
Operating Profit
20
16
15
22
10
21
15
29
9
26
25
73
49
OPM %
28%
27%
28%
30%
21%
29%
23%
24%
9%
21%
16%
32%
25%
Other Income
3
3
4
4
4
8
10
11
11
8
10
12
5
Interest
4
4
4
3
3
3
1
1
2
2
3
2
4
Depreciation
4
4
4
4
4
4
5
8
9
9
9
10
14
PBT
15
11
10
18
6
22
19
31
9
23
23
72
37
Tax %
24%
23%
22%
20%
23%
21%
24%
21%
43%
21%
18%
17%
21%
Net Profit
11
8
8
15
5
17
14
25
5
18
18
60
29
EPS in Rs
8.43
6
5.95
10.19
3.39
11.56
9.5
16.4
3.44
12.11
12.24
39.96
19.47
Figures in ₹ Crores

Profit & Loss

  Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
138
119
101
96
99
73
163
179
219
257
308
603
697
Expenses
115
99
83
82
84
59
128
137
161
184
233
471
526
Operating Profit
23
20
18
13
15
14
35
42
59
73
75
132
172
OPM %
17%
16%
17%
14%
15%
20%
21%
24%
27%
28%
24%
22%
25%
Other Income
-2
1
0
3
2
2
5
5
7
13
33
41
35
Interest
8
5
3
3
3
6
13
15
16
15
9
9
11
Depreciation
4
4
6
5
6
7
14
15
17
17
21
37
42
PBT
9
11
8
8
8
2
12
17
34
54
78
127
155
Tax %
16%
46%
24%
24%
22%
29%
65%
25%
23%
22%
22%
20%
—
Net Profit
8
6
6
6
6
2
4
13
26
42
61
102
126
EPS in Rs
7.3
5.52
4.92
4.79
4.56
1.31
3.32
9.78
19.29
29.24
40.72
67.74
83.78
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4
4
5
5
5
—
5
5
13
14
15
15
Reserves
58
65
108
115
122
—
150
163
293
631
1,372
1,492
Borrowings
68
69
25
60
122
—
181
196
177
182
61
261
Other Liabilities
24
27
21
23
31
—
61
61
70
68
136
188
Total Liabilities
154
165
160
202
279
—
397
426
553
896
1,584
1,956
Fixed Assets
50
48
43
44
49
—
211
237
228
233
449
644
CWIP
9
18
35
66
136
—
37
23
67
159
185
311
Investments
0
0
0
0
0
—
0
0
0
0
3
3
Other Assets
96
99
82
92
95
—
149
166
258
504
947
998
Total Assets
154
165
160
202
279
—
397
426
553
896
1,584
1,956
Figures in ₹ Crores

Cash Flow

  Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
12
27
13
14
11
—
4
25
47
-96
14
-69
Investing
-11
-21
-9
-45
-72
—
-20
-28
-116
-60
-502
-271
Financing
-1
-4
-6
31
61
—
17
3
74
284
544
185
Net Cash Flow
-1
2
-2
0
0
—
1
-1
6
127
55
-155
Free Cash Flow
3
14
-5
-32
-59
—
-16
-3
-49
-213
-176
-386
CFO/OP
58
146
84
117
85
—
18
66
90
-118
38
-39
Figures in ₹ Crores

Ratios

  Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
110
97
115
118
100
—
141
125
109
158
170
166
Inventory Days
256
274
430
529
598
—
465
541
521
440
1,423
1,030
Days Payable
95
83
110
145
135
—
240
156
141
91
333
225
Cash Conversion Cycle
271
289
435
502
563
—
367
510
490
507
1,261
970
Working Capital Days
27
107
129
108
53
—
25
24
72
163
381
302
ROCE %
—
13%
9%
7%
5%
—
—
10%
12%
11%
8%
8%

Shareholding Pattern

As of Jun 2026
Promoters 59.72%
Public 23.07%
DIIs 9.35%
FIIs 3.95%
Others 3.92%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Aug 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
67.76%
67.76%
67.78%
67.78%
67.80%
67.80%
69.41%
69.41%
67.93%
67.93%
67.93%
67.03%
66.96%
63.99%
62.95%
62.88%
59.80%
59.75%
59.75%
59.75%
59.75%
59.72%
59.72%
59.72%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.75%
3.78%
3.82%
3.35%
4.53%
3.37%
3.07%
3.39%
3.41%
3.86%
3.96%
3.95%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.24%
0.32%
0.46%
0.44%
0.74%
1.55%
4.94%
6.49%
7.59%
7.72%
8.51%
8.44%
9.20%
9.35%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
24.59%
25.16%
25.23%
25.41%
25.50%
25.47%
24.62%
24.60%
25.63%
25.42%
25.17%
24.39%
24.34%
24.80%
25.32%
25.96%
26.07%
25.49%
24.65%
24.28%
23.72%
23.57%
22.93%
23.07%
Others
7.65%
7.09%
6.99%
6.81%
6.71%
6.73%
5.97%
5.99%
6.44%
6.65%
6.66%
8.26%
6.49%
6.99%
7.17%
6.26%
4.66%
4.89%
4.94%
4.86%
4.61%
4.41%
4.19%
3.92%
No. of Shareholders
2,079
2,174
2,475
3,223
3,584
3,855
4,288
4,588
5,118
5,544
5,299
6,789
8,161
8,169
10,305
15,276
15,566
17,939
20,057
22,707
22,554
23,826
23,581
26,540

Documents

1
Concall - Sep 2017 Sep 2017
2
Concall - Sep 2018 Sep 2018
3
Concall - Sep 2019 Sep 2019
4
Concall - Oct 2019 Oct 2019
5
Concall - Sep 2020 Sep 2020

Frequently Asked Questions about PTC Industries Ltd

What does PTC Industries Ltd do?
PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc. [1]{# https://www.bseindia.com/bseplus/AnnualReport/539006/72682539006.pdf#page.20000
Where is PTC Industries Ltd (PTCIL) listed?
PTC Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: PTCIL and BSE: 539006. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PTC Industries Ltd belong to?
PTC Industries Ltd operates in the Industrial Products sector within the Other Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PTC Industries Ltd?
PTC Industries Ltd has a market capitalisation of approximately ₹29665.76 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of PTC Industries Ltd?
The Price-to-Earnings (PE) ratio of PTC Industries Ltd is 236.23. 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 Industries Ltd?
Over the past 52 weeks, PTC Industries Ltd has traded between a low of ₹13,251 and a high of ₹20,750. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of PTC Industries Ltd?
PTC Industries Ltd has a Return on Equity (ROE) of 4.40%. 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 Industries Ltd on Tapetide?
On Tapetide, you can view PTC Industries 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 Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc. [1]{# https://www.bseindia.com/bseplus/AnnualReport/539006/72682539006.pdf#page.20000

Website ptcil.com
CEO Mr. Sachin Agarwal
Employees 510
Listed 2023-06-09
Face Value ₹ 10
Issued Size 1,49,92,549

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