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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

₹1,143.40 22.40 (2.00%)

As on 23-Sep'26 10:54

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

₹1,143.40 22.40 (2.00%)

As on 23-Sep'26 10:54

Key Metrics
Valuation Multiples
Market Cap
₹4,221 Cr.
Current Price
₹1,143.4
52-Week Low / High
₹677 / 1,228
TTM EPS
₹33.1
TTM Sales
₹1,985 Cr.
Book Value per Share
₹267
P/E Ratio
33.92
Higher than its 5-year historical median
Industry PE
59.2
Price to Book (P/B)
4.20
Higher than its 5-year historical median
Price to Sales (P/S)
2.13
Higher than its 5-year historical median
EV/EBITDA
13.25
Higher than its 5-year historical median
Dividend Yield
0.22%
Profitability Efficiency
Return on Equity (ROE)
12.57%
In line with industry median
Return on Capital Employed (ROCE)
15.87%
In line with industry median
Return on Assets (ROA)
5.69%
Operating Profit Margin
16.3%
Net Profit Margin
6.16%
Gross Profit Margin
12.5%
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
14.93%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.66%
Asset Quality
Promoter Holding
54.18%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹987 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

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Pitti Engineering Ltd a good quality company?
Pitti Engineering Ltd is a good quality company, based on a consistently good 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 29.85%, compared to the industry median CAGR of 0%, 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 36.3% 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 majority of the past ten years indicating its past ten year financial track record is very 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 36.6% 51.5% 24.1% 13%

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 - Consolidated

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

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

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

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

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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'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5189541,1001,2021,7051,913
Operating Expenses + 4408229491,0241,4331,601
Manufacturing Costs19273250175173
Material Costs3356787828061,0171,160
Employee Cost 547787106132160
Other Costs 32404861110108
Operating Profit 78132151178271312
Operating Profit Margin (%) 15.1%13.8%13.8%14.8%15.9%16.3%
Other Income + 201718483944
Exceptional Items 000000
Interest 304045506883
Depreciation 3039455481105
Profit Before Tax 397180122162168
Tax 101921323950
Profit After Tax 29525990122118
PAT Margin (%) 5.6%5.4%5.4%7.5%7.2%6.2%
Adjusted EPS (₹)9.016.218.428.132.531.3
Dividend Payout Ratio (%)0%12.50%14.70%5.30%4.60%8%
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 236284334416898976
Share Capital 161616161919
Reserves 220268318400879957
Debt +235294265466520612
Long Term Debt51110122263281381
Short Term Debt185184143203239231
Minority Interest000000
Trade Payables105220251228328243
Others Liabilities 125158128220259307
Total Liabilities 7019579781,3302,0042,138

Fixed Assets

Net Fixed Assets +2853253624221,0271,153
Gross Block4615386167221,5171,737
Accumulated Depreciation176214253300490584
CWIP 11241186350
Investments 1616151500
Inventories157272239270329395
Trade Receivables172204181210255206
Cash Equivalents 93565109140147
Others Assets 6110390184190187
Total Assets 7019579781,3302,0042,138
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 328822374289205
PBT 397180122162168
Adjustment 55768897141198
Changes in Working Capital -56-4189-13524-125
Tax Paid -6-18-35-10-38-35
Cash Flow From Investing Activity + -66-93-104-236-536-175
Capex -65-78-9-23-347-203
Net Investments 00-96-175-22611
Others -2-151-383617
Cash Flow From Financing Activity + 2812-87198269-9
Net Proceeds from Shares 00003470
Net Proceeds from Borrowing -548618734153
Interest Paid -26-35-45-51-68-86
Dividend Paid 0-4-8-4-5-6
Others 593-4166-38-70
Net Cash Flow -6732362221
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)12.219.9619.0424.0418.6112.57
ROCE (%)13.9220.0720.2221.818.8815.87
Asset Turnover Ratio0.821.31.291.171.181.05
PAT to CFO Conversion(x)1.11.693.780.822.371.74
Working Capital Days
Receivable Days108.8063.7056.5052.8043.3038.70
Inventory Days99.6072.7074.9068.6055.8060.80
Payable Days114.6087.60110108.4099.7089.80

Top 5 Mutual Funds Holding

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Announcements

Pitti Engineering Ltd FAQs

The current trading price of Pitti Engineering on 23-Sep-2026 10:54 is ₹1,143.4.

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 22-Sep-2026 the market cap of Pitti Engineering stood at ₹4,221 Cr

The latest P/E ratio of Pitti Engineering as of 22-Sep-2026 is 41.88.

The latest P/B ratio of Pitti Engineering as of 22-Sep-2026 is 4.39.

The 52-week high of Pitti Engineering is ₹1,228.2 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 good 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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