Pitti Engineering Ltd Stock Analysis

BSE: 513519 | NSE: PITTIENG | Engineering | Small Cap

BSE Share Price 06-Dec-2022 18:01
331.10 -9.20 (-2.70%)

DeciZen - Make an Informed Decision on Pitti Engineering

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Pitti Engineering Price Chart

P/E Ratio (SA) :
19.87
Market Cap :
1,061.2 Cr.
52-wk low :
202
52-wk high :
374.9
Bole Toh?

1. Is Pitti Engineering Ltd a good quality company?

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

2. Is Pitti Engineering Ltd undervalued or overvalued?

The key valuation ratios of Pitti Engineering Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Pitti Engineering Ltd a good buy now?

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

10 Year X-Ray of Pitti Engineering:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.7%7.2%7%0.9%5.2%8.1%11%9.7%11.1%14.5%-
Value Creation Index -0.4-0.5-0.5-0.9-0.6-0.4-0.2-0.3-0.20.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3102483413112863796225255189541,151
YoY Gr. Rt. %--20.2%37.6%-8.7%-8.2%32.5%64.3%-15.6%-1.3%84.1%-
Adj EPS 3.61.63.5-3.6148.35.39.316.316.7
YoY Gr. Rt. %--57.1%121.2%-202.9%NA299%109%-36.1%75.1%74.2%-
BVPS (₹) 40.441.443.539.641.750.157.364.873.688.694.6
Adj Net Profit 9.84.29.3-9.62.711.924.917.129.952.153
Cash Flow from Ops. 43.533.845-7.172.928.570.668.934.387.9-
Debt/CF from Ops. 3.53.63.2-24.62.593.53.27.43.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%27.3%15.3%84.1%
Adj EPS 18.1%74.7%24.9%74.2%
BVPS 9.116.315.620.4
Share Price 27.6% 30% 96.6% 47.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.43.88.2-8.52.58.915.18.913.52018.2
Op. Profit Mgn % 13.213.211.96.111.714.614.814.815.413.912.3
Net Profit Mgn % 3.21.72.7-3.10.93.143.35.85.54.6
Debt to Equity 1.41.11.21.61.61.71.41.11.11.10.4
Working Cap Days 269291221265283235165196221164170
Cash Conv. Cycle 142153991531308268901086423

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.20%

Sales growth is growing at healthy rate in last 3 years 15.30%

Net Profit is growing at healthy rate in last 3 years 24.90%

Sales growth is good in last 4 quarters at 59.24%

Debt to equity has increased versus last 3 years average to 1.14

Latest Financials - Pitti Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 16.7 16.7
TTM Sales (₹ Cr.) 1,151 1,151
BVPS (₹.) 94.6 94.6
Reserves (₹ Cr.) 287 287
P/BV 3.50 3.45
PE 19.87 19.57
From the Market
52 Week Low / High (₹) 202.00 / 374.90
All Time Low / High (₹) 0.25 / 374.90
Market Cap (₹ Cr.) 1,061
Equity (₹ Cr.) 16
Face Value (₹) 5
Industry PE 23.5

Management X-Ray of Pitti Engineering :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *21.3720.4720.4720.4720.4720.4720.4720.4720.4720.47
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pitti Engineering

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Pitti Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pitti Engineering on 06-Dec-2022 18:01 is : 331.1.
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 06-Dec-2022 18:01 the market cap of Pitti Engineering stood at ₹ 1,061.2.
The latest PE ratio of Pitti Engineering as of 06-Dec-2022 18:01 is 19.87.
The latest PB ratio of Pitti Engineering as of 06-Dec-2022 18:01 is 3.50
The 52-week high of Pitti Engineering is ₹ 374.9 and the 52-week low is ₹ 202.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Pitti Engineering is ₹ 1,151 ( Cr.) .

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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