MoneyWorks4Me

PTC India Ltd (PTC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532524 NSE: PTC Power Generation/Distribution | Small Cap | PTC India Share Price

₹154.90 -0.20 (-0.13%)

As on 28-Sep'26 16:59

PTC India Ltd (PTC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532524 NSE: PTC Power Generation/Distribution | Small Cap | PTC India Share Price

₹154.90 -0.20 (-0.13%)

As on 28-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,591 Cr.
Current Price
₹154.9
52-Week Low / High
₹150 / 229
TTM EPS
₹17.2
TTM Sales
₹17,376 Cr.
Book Value per Share
₹205.8
P/E Ratio
9.03
In line with its 5-year historical median
Industry PE
25.9
Price to Book (P/B)
0.75
Lower than its 5-year historical median
Price to Sales (P/S)
0.26
Lower than its 5-year historical median
EV/EBITDA
2.27
Lower than its 5-year historical median
Dividend Yield
5.49%
Profitability Efficiency
Return on Equity (ROE)
12.17%
Outperforms industry median
Return on Capital Employed (ROCE)
15.01%
Outperforms industry median
Return on Assets (ROA)
5.64%
Operating Profit Margin
5.3%
Net Profit Margin
4.28%
Gross Profit Margin
5.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.02%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
2.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.96%
Asset Quality
Promoter Holding
16.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,796 Cr.
Equity
₹296 Cr.
Face Value
₹10
All Time Low / High
₹27.75 / 254.65

PTC India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is PTC India Ltd a good quality company?
PTC India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does PTC India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of PTC India Ltd vs industry peers?
PTC India Ltd revenue CAGR is -1.78%, compared to the industry median CAGR of 3.92%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of PTC India Ltd?
Promoters hold 16.22% of the PTC India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of PTC India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PTC India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ14.7%14.7%13.2%11.1%13.3%12.5%10.9%11.3%29.4%13.1%-
Value Creation
Index ⓘ
0.10.1-0.1-0.2-0.1-0.1-0.2-0.21.1-0.1-

Growth Parameters ⓘ

Sales ⓘ14,07511,31513,49616,44316,96315,63114,88716,00715,05016,25617,014
Sales YoY Gr.--19.6%19.3%21.8%3.2%-7.9%-4.8%7.5%-6%8%-
Adj EPS ⓘ9.610.78.810.813.914.312.312.816.313.312.3
YoY Gr.-11.2%-17.6%22.7%28.4%3.1%-14.3%4.2%27.5%-18.2%-
BVPS (₹) ⓘ103.9108.8112.4118.7125.1132.3139.6140.1161159.8162.2
Adj Net
Profit ⓘ
284316261320411423363378482394363
Cash Flow from Ops. ⓘ941-299-482-2357062671,302-4685181,040-
Debt/CF from Ops. ⓘ0.8-2.3-2-3.51.44.60.2-0.90.20-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ1.6%-0.9%3%8%
Adj EPS ⓘ3.7%-0.8%2.8%-18.2%
BVPSⓘ4.9%5%4.6%-0.8%
Share Price 7.1% 9.5% 5.6% -7.4%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
9.610.189.411.411.199.110.88.37.6
Op. Profit
Mgn % ⓘ
2.23.23.12.73.73.932.81.81.71.4
Net Profit
Mgn % ⓘ
22.81.922.42.72.42.43.22.42.1
Debt to
Equity ⓘ
0.20.20.30.20.30.30.10.100-
Working Cap
Days ⓘ
11413413214014015015213013110778
Cash Conv.
Cycle ⓘ
2123364447504438472838

Valuation of PTC India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales15,31112,76615,15518,10118,34616,85615,67416,76315,67916,771
Operating Expenses ⓘ + 13,91811,61213,20116,27516,65015,28314,56015,71014,81015,879
Manufacturing Costs13,69410,88813,01515,92916,27714,93914,32415,40214,61615,815
Material Costs0000000000
Employee Cost 44485059657580888590
Other Costs ⓘ 180676136288307270156220109-26
Operating Profit ⓘ 1,3931,1541,9541,8261,6961,5731,1131,053869892
Operating Profit Margin (%) 9.1%9.0%12.9%10.1%9.2%9.3%7.1%6.3%5.5%5.3%
Other Income ⓘ + 2031471302329312659598360
Exceptional Items ⓘ -0000-2100-20306-4
Interest ⓘ 8029461,2431,159926757474432650313
Depreciation ⓘ 2197971001001011010910
Profit Before Tax ⓘ 7722587445896797456536541,117926
Tax ⓘ 26693254183221193168170263208
Profit After Tax 506165490406458552485484854717
PAT Margin (%) 3.3%1.3%3.2%2.2%2.5%3.3%3.1%2.9%5.4%4.3%
Adjusted EPS (₹)14.06.814.412.415.217.115.116.130.420.5
Dividend Payout Ratio (%)21.40%59.20%27.80%44.30%49.50%45.60%51.80%48.40%38.50%41.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,8553,7193,9624,1874,4204,7235,0195,1425,8055,981
Share Capital ⓘ 296.01296.01296.01296.01296.01296.01296.01296.01296.01296.01
Reserves ⓘ 3,5593,4233,6663,8914,1244,4274,7234,8465,5095,685
Debt +9,38811,34811,20410,0899,7867,9075,3073,2211,871951
Long Term Debt6,5397,6939,2348,4857,7046,0634,8352,8211,770951
Short Term Debt2,8493,6551,9711,6042,0821,8444734001010
Minority Interest8346797237407427928558889641078
Trade Payables2,7372,2382,9544,3603,6524,3234,0123,5312,9393,533
Others Liabilities ⓘ 1,2399932,2591,6362,0152,1251,4052,2581,2591,070
Total Liabilities ⓘ 18,05418,97721,10221,01220,61519,87116,59815,04012,83812,613

Fixed Assets

Net Fixed Assets ⓘ +2,1552,0611,9671,8841,7871,6931,617433832
Gross Block2,1852,1882,1902,2072,2102,2152,223939394
Accumulated Depreciation30127224323422522606505563
CWIP ⓘ 0000000000
Investments ⓘ 974400291564972768326284377941
Inventories0000000000
Trade Receivables3,2873,3384,9097,0116,1907,1865,6775,7564,7624,381
Cash Equivalents flag ⓘ 3014412087431,3811,9591,9422,1933,2743,921
Others Assets ⓘ 11,33712,73613,72610,81110,2868,2657,0366,7644,3863,338
Total Assets ⓘ 18,05418,97721,10221,01220,61519,87116,59815,04012,83812,613
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 111-1,438-1083,2942,1083,0493,5752,4511,8642,817
PBT ⓘ 7722587445896797456536541,117926
Adjustment ⓘ 1,0011,5101,2661,4461,2601,030534537-218-170
Changes in Working Capital ⓘ -1384-2915-1834149927912742135109310212306
Tax Paid ⓘ -278-290-284-241-1091-152-189-267-245
Cash Flow From Investing Activity ⓘ + -1,374249244-414-50546168-5041,454-824
Capex -1,477-316-3-2-4-10-1-3-5-4
Net Investments -7239593-420-51527467-20-83-528
Others ⓘ 17517015481429-299-4821,541-292
Cash Flow From Financing Activity ⓘ + 1,3531,278-408-2,570-1,085-2,788-4,019-2,042-2,482-3,428
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 8272,82700000000
Interest Paid ⓘ -780-935-1,218-1,166-930-834-453-422-642-310
Dividend Paid ⓘ -122-147-148-164-232-222-172-253-231-435
Others ⓘ 1,428-467958-1,24077-1,731-3,395-1,367-1,609-2,682
Net Cash Flow ⓘ 9189-272309518308-276-96835-1,434
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.664.3512.759.9710.6312.079.959.5215.612.17
ROCE (%)12.538.0511.9110.6310.199.898.6610.3319.3915.01
Asset Turnover Ratio0.930.690.760.860.880.830.861.061.121.32
PAT to CFO Conversion(x)0.22-8.72-0.228.114.65.527.375.062.183.93
Working Capital Days
Receivable Days83.4094.7099.30120.20131.30144.80149.80124.50122.4099.50
Inventory Days0000000000
Payable Days0000000000

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Announcements

PTC India Ltd FAQs

The current trading price of PTC India on 28-Sep-2026 16:59 is ₹154.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Sep-2026 the market cap of PTC India stood at ₹4,591.1 Cr

The latest P/E ratio of PTC India as of 27-Sep-2026 is 12.65.

The latest P/B ratio of PTC India as of 27-Sep-2026 is 0.96.

The 52-week high of PTC India is ₹229.4 and the 52-week low is ₹149.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PTC India is ₹17,014 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that PTC India Ltd is a average quality company.

The key valuation ratios of PTC India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of PTC India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About PTC India Ltd

PTC India Ltd. (formerly known as Power Trading Corporation of India Limited), was incorporated in 1999 to undertake trading of power to achieve economic efficiency and security of supply and to develop a vibrant power market in the country. The company is incorporated under the provisions of the Companies Act applicable in India. The shares of the Company are publicly traded on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).

The pioneering service of the company led to recognition of ‘Power Trading’ as a distinct licensed activity in the Electricity Act 2003. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes. PTC has maintained the largest market share since inception and is No. 1 in last 21 years of operations with its innovative products and services.

Business area of the company

PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.

Business solution offered by the company

  • Solutions for Generator
  • Solutions for Utilities
  • Cross Border Power Trade
  • PTC Retail
  • Consultancy/ Advisory Solutions
  • Energy Efficiency
  • Renewable Energy
  • Project Financing
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