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Pitti Engineering Ltd. Stock Analysis

Small Cap
Evaluated by 369 users | BSE: 513519 | NSE: PITTIENG |
Engineering
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....

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 8.26%11.81%18.46%8.73%7.17%6.99%0.87%5.17%8.06%10.97%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 144255408310248341311286379622
Y-o-Y Gr. Rt.-76.6%59.9%-23.9%-20.2%37.6%-8.7%-8.2%32.5%64.3%
Adjusted EPS (Rs.) 1.74.498.313.641.563.45-3.5513.998.34
Y-o-Y Gr. Rt.-164.1%85.1%-56.2%-57.1%121.2%-202.9%NA299%109%
Book Value per Share (Rs.) 31.6135.5337.340.3741.3543.4539.6441.6650.1457.32
Adjusted Net Profit 3.28.522.49.84.29.3-9.62.711.924.9
Net Op. Cash Flow (Rs. Cr.) 9.316.930.543.533.845-7.172.928.570.6
Debt to Cash Flow from Ops 8.15.675.023.453.573.18-24.612.488.963.48
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Pitti Engineering Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.6%20.2%25.9%64.3%
Adjusted EPS 19.3%39.8%NA109%
Book Value per Share 6.86.813.114.3
Share Price 3.4% -11.9% -18% -23.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 5.3813.3926.739.383.818.15-8.542.458.9115.06
Operating Profit Margin (%) 12.0912.7915.3713.1613.211.886.1111.7314.6214.75
Net Profit Margin (%) 2.223.335.493.171.692.73-3.070.943.144
Debt to Equity 1.271.431.521.381.081.221.631.611.711.44
Working Capital Days 298203187269291221265283235165
Cash Conversion Cycle 976877142153991531308268
Entity Percentage Holding
Promoters 56.79%
Institutions 2.53%
Non-Institutions 40.67%
Pledged *23.8534.0734.0721.4721.478.178.178.178.1721.37
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Pitti Engineering's performance infers:

Pitti Engineering earnings have grown by 39.8%, whereas share price has depreciated -11.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Pitti Engineering share prices over the last 10 years. Here is what we found out:

Pitti Engineering share price has depreciated 4.5% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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