SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹974.80 44.90 (4.83%)

As on 12-Jun'26 11:07

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

₹974.80 44.90 (4.83%)

As on 12-Jun'26 11:07

Key Metrics
Valuation Multiples
Market Cap
₹3,501 Cr.
Current Price
₹974.8
52-Week Low / High
₹677 / 1,070
TTM EPS
₹25.9
TTM Sales
₹1,590 Cr.
Book Value per Share
₹252.7
P/E Ratio
35.90
Higher than its 5-year historical median
Industry PE
54
Price to Book (P/B)
3.68
In line with its 5-year historical median
Price to Sales (P/S)
2.20
Higher than its 5-year historical median
EV/EBITDA
12.78
Higher than its 5-year historical median
Dividend Yield
0.14%
Profitability Efficiency
Return on Equity (ROE)
16.44%
Outperforms industry median
Return on Capital Employed (ROCE)
17.23%
Outperforms industry median
Return on Assets (ROA)
6.51%
Operating Profit Margin
16.4%
Net Profit Margin
7.01%
Gross Profit Margin
12.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
26.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
38.76%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.44%
Asset Quality
Promoter Holding
54.18%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹933 Cr.
Equity
₹18.8 Cr.
Face Value
₹5
All Time Low / High
₹0.25 / 1511.45

Pitti Engineering stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
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 23.76%, compared to the industry median CAGR of 3.04%, 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 38.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.1%7.8%11.3%16.8%12.7%14.9%20.1%20.2%21.8%17.2%-
Value Creation
Index
-0.9-0.4-0.20.2-0.10.10.40.40.60.2-

Growth Parameters

Sales 3112863796225255189541,1001,2021,5251,590
Sales YoY Gr.--8.2%32.5%64.3%-15.6%-1.3%84.1%15.3%9.2%26.9%-
Adj EPS -3.6148.35.39.316.319.428.62925.9
YoY Gr.-NA299%109%-36.1%75.1%75%18.9%47.4%1.3%-
BVPS (₹) 39.641.750.157.364.873.688.6104.2129.9234.6252.7
Adj Net
Profit
-9.62.711.924.917.129.952.462.291.710998
Cash Flow from Ops. -7.172.928.570.668.934.387.922373.6261-
Debt/CF from Ops. -24.62.593.53.27.43.71.37.32.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 19.3%23.8%16.9%26.9%
Adj EPS NA40.3%21.1%1.3%
BVPS21.8%29.3%38.3%80.6%
Share Price 38.3% 55.4% 37.1% -4.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-8.52.58.915.18.913.520.120.124.416.810.6
Op. Profit
Mgn %
6.111.714.614.814.815.413.914.21516.417.7
Net Profit
Mgn %
-3.10.93.143.35.85.55.77.67.26.1
Debt to
Equity
1.61.61.71.41.11.11.10.91.30.70.4
Working Cap
Days
26528323516519622016315915814798
Cash Conv.
Cycle
1531308268901086443353121

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3112863796225255189541,1001,2021,525
Operating Expenses + 2922523245324474408229491,0241,278
Manufacturing Costs151314172119273250108
Material Costs203176247429345335678782806908
Employee Cost 3932355153547787106163
Other Costs 34312936293240486199
Operating Profit 193454907878132151178247
Operating Profit Margin (%) 6.1%11.7%14.4%14.5%14.8%15.1%13.8%13.8%14.8%16.2%
Other Income + 253242017184838
Exceptional Items 0000000000
Interest 17172330343040455068
Depreciation 15161822273039455477
Profit Before Tax -115164020397180122140
Tax -2151731019213234
Profit After Tax -10411241729525990107
PAT Margin (%) -3.1%1.5%3.0%3.8%3.3%5.6%5.4%5.4%7.5%7.0%
Adjusted EPS (₹)-3.51.63.88.05.39.016.218.428.128.4
Dividend Payout Ratio (%)0%0%0%0%0%0%12.50%14.70%5.30%5.30%

Valuation of Pitti Engineering - Standalone

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

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 107112150171208236284334416883
Share Capital 13131515161616161619
Reserves 9399135156192220268318400864
Debt +167166236228200235294265466520
Long Term Debt265789764451110122263281
Short Term Debt141109148152157185184143203239
Minority Interest0000000000
Trade Payables6710610810497105220251228319
Others Liabilities 2126558291125158128220232
Total Liabilities 3624105495845967019569781,3301,954

Fixed Assets

Net Fixed Assets +7694201227247285325362422793
Gross Block1631913133534004615386167221,222
Accumulated Depreciation8797112126153176214253300429
CWIP 1231958112411861
Investments 161717161616161515258
Inventories118127129100127157272239270314
Trade Receivables11290137182139172204181210230
Cash Equivalents 181114141593565109108
Others Assets 10404139436110390184192
Total Assets 3624105495845967019569781,3301,954

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -773287169348822374261
PBT -115164020397180122140
Adjustment 323044526355768897138
Changes in Working Capital -2438-30-17-4-53-4189-13518
Tax Paid -4-0-1-5-10-6-18-35-10-35
Cash Flow From Investing Activity + -7-56-113-46-46-66-93-104-236-558
Capex -8-38-112-45-49-65-78-105-198-338
Net Investments 00000000-0-258
Others 1-18-1-13-2-151-3838
Cash Flow From Financing Activity + 14-2086-26-212812-87198286
Net Proceeds from Shares 00260200000347
Net Proceeds from Borrowing 73940-2-30-548618732
Interest Paid -17-15-23-28-31-26-34-45-51-67
Dividend Paid -200000-4-8-4-5
Others 27-4444521592-4166-20
Net Cash Flow -0-41-23-473236-10

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-8.533.938.6114.89.0312.9719.9719.0424.0416.44
ROCE (%)2.077.8311.3316.8212.7214.8920.0820.2121.817.23
Asset Turnover Ratio0.90.830.911.220.990.891.31.291.171.06
PAT to CFO Conversion(x)N/A18.252.552.964.061.171.693.780.822.44
Working Capital Days
Receivable Days118.70115.1094.9084.50100.7098.5063.7056.5052.8046.20
Inventory Days123.70139.20107.1060.7070.9089.8072.7074.9068.6061.20
Payable Days136.10178.4015890.10106.1011087.60110108.40109.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *20.4720.4720.4710.239.530.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pitti Engineering Ltd FAQs

The current trading price of Pitti Engineering on 12-Jun-2026 11:07 is ₹974.8.

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 11-Jun-2026 the market cap of Pitti Engineering stood at ₹3,501.4 Cr

The latest P/E ratio of Pitti Engineering as of 11-Jun-2026 is 35.90.

The latest P/B ratio of Pitti Engineering as of 11-Jun-2026 is 3.68.

The 52-week high of Pitti Engineering is ₹1,069.9 and the 52-week low is ₹677.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pitti Engineering is ₹1,590 ( 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 Semi Strong which suggest that the price of Pitti Engineering Ltd is likely to Rise-somewhat 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.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: