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Pitti Engineering Ltd (PITTIENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513519 NSE: PITTIENG Engineering - Industrial Equipments | Small Cap | Pitti Engineering Share Price

₹1,111.75 17.35 (1.59%)

As on 03-Sep'26 09:51

Pitti Engineering Ltd (PITTIENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513519 NSE: PITTIENG Engineering - Industrial Equipments | Small Cap | Pitti Engineering Share Price

₹1,111.75 17.35 (1.59%)

As on 03-Sep'26 09:51

Key Metrics
Valuation Multiples
Market Cap
₹4,121 Cr.
Current Price
₹1,111.8
52-Week Low / High
₹677 / 1,169
TTM EPS
₹26.8
TTM Sales
₹1,649 Cr.
Book Value per Share
₹255.3
P/E Ratio
40.88
Higher than its 5-year historical median
Industry PE
57.2
Price to Book (P/B)
4.29
Higher than its 5-year historical median
Price to Sales (P/S)
2.50
Higher than its 5-year historical median
EV/EBITDA
14.75
Higher than its 5-year historical median
Dividend Yield
0.22%
Profitability Efficiency
Return on Equity (ROE)
10.70%
Underperforms industry median
Return on Capital Employed (ROCE)
14.34%
Underperforms industry median
Return on Assets (ROA)
4.86%
Operating Profit Margin
17.5%
Net Profit Margin
6.13%
Gross Profit Margin
13.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.71%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.71%
Asset Quality
Promoter Holding
54.18%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹942 Cr.
Equity
₹18.8 Cr.
Face Value
₹5
All Time Low / High
₹0.25 / 1511.45

Pitti Engineering stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Pitti Engineering Ltd a good quality company?
Pitti Engineering 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 Pitti Engineering Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pitti Engineering Ltd vs industry peers?
Pitti Engineering Ltd revenue CAGR is 25.14%, compared to the industry median CAGR of 5.77%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Pitti Engineering Ltd?
Promoters hold 54.18% of the Pitti Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Pitti Engineering Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 39.7% 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.
Pitti Engineering 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 % 7.8%11.3%16.8%12.7%14.9%20.1%20.2%21.8%17.2%14.3%-
Value Creation
Index
-0.4-0.20.2-0.10.10.40.40.60.20.0-

Growth Parameters

Sales 2863796225255189541,1001,2021,5251,5901,649
Sales YoY Gr.-32.5%64.3%-15.6%-1.3%84.1%15.3%9.2%26.9%4.3%-
Adj EPS 148.35.39.316.319.428.62925.526.8
YoY Gr.-299%109%-36.1%75.1%75%18.9%47.4%1.3%-12%-
BVPS (₹) 41.750.157.364.873.688.6104.2129.9234.6249.8255.3
Adj Net
Profit
2.711.924.917.129.952.462.291.710996101
Cash Flow from Ops. 72.928.570.668.934.387.922373.6261149-
Debt/CF from Ops. 2.593.53.27.43.71.37.32.24.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 21%25.1%13.1%4.3%
Adj EPS 43.3%22.3%9.5%-12%
BVPS22%27.7%33.8%6.5%
Share Price 39.8% 48% 19.3% 21.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
2.58.915.18.913.520.120.124.416.810.510.6
Op. Profit
Mgn %
11.714.614.814.815.413.914.21516.417.517.4
Net Profit
Mgn %
0.93.143.35.85.55.77.67.266.1
Debt to
Equity
1.61.71.41.11.11.10.91.30.70.7-
Working Cap
Days
28323516519622016315915814715298
Cash Conv.
Cycle
130826890108644335323721

Valuation of Pitti Engineering - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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 *20.4720.4710.239.530.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2863796225255189541,1001,2021,5251,590
Operating Expenses + 2523245324474408229491,0241,2781,312
Manufacturing Costs1314172119273250160155
Material Costs176247429345335678782806908932
Employee Cost 32355153547787106111131
Other Costs 31293629324048619994
Operating Profit 3454907878132151178247278
Operating Profit Margin (%) 11.7%14.4%14.5%14.8%15.1%13.8%13.8%14.8%16.2%17.5%
Other Income + 5324201718483843
Exceptional Items 0000000000
Interest 17233034304045506883
Depreciation 16182227303945547798
Profit Before Tax 5164020397180122140140
Tax 15173101921323443
Profit After Tax 41124172952599010798
PAT Margin (%) 1.5%3.0%3.8%3.3%5.6%5.4%5.4%7.5%7.0%6.1%
Adjusted EPS (₹)1.63.88.05.39.016.218.428.128.425.9
Dividend Payout Ratio (%)0%0%0%0%0%12.50%14.70%5.30%5.30%9.70%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 112150171208236284334416883940
Share Capital 13151516161616161919
Reserves 99135156192220268318400864922
Debt +166236228200235294265466520612
Long Term Debt5789764451110122263281381
Short Term Debt109148152157185184143203239231
Minority Interest0000000000
Trade Payables10610810497105220251228315226
Others Liabilities 26558291125158128220236278
Total Liabilities 4105495845967019569781,3301,9542,056

Fixed Assets

Net Fixed Assets +94201227247285325362422793898
Gross Block1913133534004615386167221,2221,413
Accumulated Depreciation97112126153176214253300429515
CWIP 3195811241186142
Investments 1717161616161515258258
Inventories127129100127157272239270314366
Trade Receivables90137182139172204181210228176
Cash Equivalents 1114141593565109108101
Others Assets 404139436110390184193215
Total Assets 4105495845967019569781,3301,9542,056
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 73287169348822374261149
PBT 5164020397180122140140
Adjustment 3044526355768897138189
Changes in Working Capital 38-30-17-4-53-4189-13518-151
Tax Paid -0-1-5-10-6-18-35-10-35-29
Cash Flow From Investing Activity + -56-113-46-46-66-93-104-236-558-154
Capex -38-112-45-49-65-78-105-198-338-169
Net Investments 0000000-0-258-1
Others -18-1-13-2-151-383816
Cash Flow From Financing Activity + -2086-26-212812-8719828612
Net Proceeds from Shares 02602000003470
Net Proceeds from Borrowing 3940-2-30-548618732128
Interest Paid -15-23-28-31-26-34-45-51-68-85
Dividend Paid 00000-4-8-4-5-6
Others -4444521592-4166-19-26
Net Cash Flow -41-23-473236-107
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)3.938.6114.89.0312.9719.9719.0424.0416.4410.7
ROCE (%)7.8311.3316.8212.7214.8920.0820.2121.817.2314.34
Asset Turnover Ratio0.830.911.220.990.891.31.291.171.060.9
PAT to CFO Conversion(x)18.252.552.964.061.171.693.780.822.441.52
Working Capital Days
Receivable Days115.1094.9084.50100.7098.5063.7056.5052.804641.10
Inventory Days139.20107.1060.7070.9089.8072.7074.9068.6061.2069.10
Payable Days178.4015890.10106.1011087.60110108.40109.10106

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Pitti Engineering Ltd FAQs

The current trading price of Pitti Engineering on 03-Sep-2026 09:51 is ₹1,111.8.

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 02-Sep-2026 the market cap of Pitti Engineering stood at ₹4,120.8 Cr

The latest P/E ratio of Pitti Engineering as of 02-Sep-2026 is 40.88.

The latest P/B ratio of Pitti Engineering as of 02-Sep-2026 is 4.29.

The 52-week high of Pitti Engineering is ₹1,168.7 and the 52-week low is ₹677.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pitti Engineering is ₹1,649 ( Cr.) .

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

The key valuation ratios of Pitti Engineering 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 Strong which suggest that the price of Pitti Engineering Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Pitti Engineering Ltd

Pitti Laminations Ltd started production in 1987. It is located in Hyderabad, Andhra Pradesh, India and its factories are located in a 50KM radius of the city. Pitti Laminations Limited was the first in the country in lamination industry to have achieved ISO 9002 certification by BVQI of U.K. in October 1993.

The company is engaged in the manufacturing of electrical laminations for use in all types of motors for a wide spectrum of applications, alternators, DC machines, railway lighting alternators etc. They make single piece laminations upto 1300 mm (51 inches) diameter.

Laminations upto 700 mm (27 inches) diameter by single blow (gang punching) operation and upto 1300 mm (51 inches) diameter by single point notching including skip notching.They are located in Hyderabad, Andhra Pradesh, India. Their factories are located in a 50KM radius of the city.

Plant - I   of the company is having capacity of 6000 Tons per annum in operation while Plant – II of the company is of  capacity 4000 Tons per annum and is dedicated to the export market.

The plant – II is equipped with high Speed Presses, Presses from 100 to 350 Tons capacity, Hydraulic Presses from 40 – 150 Tons capacity and additional tool room machinery.

The company manufactures electrical laminations up to a diameter of 1300 mm (51”) for application in industrial motors, DC machines, alternators, traction motors, pumps, train lighting generators, aeronautics, medical diagnostics equipments, windmill generators, laminations for specialised applications, die-cast rotors, assembled stators and built-up rotors duly balanced. It produces small laminations via High Speed Press for compressors.

The company also manufactures Press tools, Progressive tools Jigs, Fixtures to customer requirements. 

Product range of the company includes:

  • Industrial motors
  • DC Machines
  • Alternators
  • Traction Motors
  • Pumps
  • Train lighting generators
  • Aeronautics
  • Medical diagnostics equipments
  • Windmill generators
  • Laminations for specialised applications
  • Die-Cast Rotors
  • Assembled Stators and Built-up Rotors duly balanced
  • Produce small laminations via High Speed Press for compressors.
  • Press tools
  • Progressive tools Jigs
  • Fixtures to customer requirements.  

Achievements/ recognition:

  • ISO 9002 certification by BVQI of U.K. in October 1993.
  • The company’s Quality Management Systems conforming to ISO 9002:1994 is certified by Bureau Veritas Quality International (BVQI). Recertified in 1996 and 1999 by BVQI.
  • The company is ISO 9001:2000 certified
  • Recipient of CITD (Council for Industrial and Trade Development) award for Quality and Achievement in the year of 1994 by Government of India.
  • Recipient of CITD Gold Udyog Patra award for Industrial Promotion in the year 1995 by Government of India.
  • Recipient of CITD (Council for Industrial and Trade development) award for Quality and Achievement in the year of 2000.
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