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PTC India Ltd (PTC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532524 NSE: PTC Power Generation/Distribution | Small Cap | PTC India Share Price

₹156.70 0.40 (0.26%)

As on 07-Sep'26 09:41

PTC India Ltd (PTC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532524 NSE: PTC Power Generation/Distribution | Small Cap | PTC India Share Price

₹156.70 0.40 (0.26%)

As on 07-Sep'26 09:41

Key Metrics
Valuation Multiples
Market Cap
₹4,627 Cr.
Current Price
₹156.7
52-Week Low / High
₹150 / 229
TTM EPS
₹12.3
TTM Sales
₹17,014 Cr.
Book Value per Share
₹162.2
P/E Ratio
12.75
Higher than its 5-year historical median
Industry PE
26.3
Price to Book (P/B)
0.96
In line with its 5-year historical median
Price to Sales (P/S)
0.27
Lower than its 5-year historical median
EV/EBITDA
3.09
Lower than its 5-year historical median
Dividend Yield
5.42%
Profitability Efficiency
Return on Equity (ROE)
8.36%
Outperforms industry median
Return on Capital Employed (ROCE)
13.10%
Outperforms industry median
Return on Assets (ROA)
4.86%
Operating Profit Margin
1.7%
Net Profit Margin
2.44%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.02%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-0.43%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-53.55%
Asset Quality
Promoter Holding
16.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,505 Cr.
Equity
₹296 Cr.
Face Value
₹10
All Time Low / High
₹27.75 / 254.65

PTC India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is PTC India Ltd a good quality company?
PTC India 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 PTC India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of PTC India Ltd vs industry peers?
PTC India Ltd revenue CAGR is -0.85%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of PTC India Ltd?
Promoters hold 16.22% of the PTC India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of PTC India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.2% 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.
PTC India 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 % 14.7%14.7%13.2%11.1%13.3%12.5%10.9%11.3%29.4%13.1%-
Value Creation
Index
0.10.1-0.1-0.2-0.1-0.1-0.2-0.21.1-0.1-

Growth Parameters

Sales 14,07511,31513,49616,44316,96315,63114,88716,00715,05016,25617,014
Sales YoY Gr.--19.6%19.3%21.8%3.2%-7.9%-4.8%7.5%-6%8%-
Adj EPS 9.610.78.810.813.914.312.312.816.313.312.3
YoY Gr.-11.2%-17.6%22.7%28.4%3.1%-14.3%4.2%27.5%-18.2%-
BVPS (₹) 103.9108.8112.4118.7125.1132.3139.6140.1161159.8162.2
Adj Net
Profit
284316261320411423363378482394363
Cash Flow from Ops. 941-299-482-2357062671,302-4685181,040-
Debt/CF from Ops. 0.8-2.3-2-3.51.44.60.2-0.90.20-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.6%-0.9%3%8%
Adj EPS 3.7%-0.8%2.8%-18.2%
BVPS4.9%5%4.6%-0.8%
Share Price 6.1% 8.1% 2.1% -10.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
9.610.189.411.411.199.110.88.37.6
Op. Profit
Mgn %
2.23.23.12.73.73.932.81.81.71.4
Net Profit
Mgn %
22.81.922.42.72.42.43.22.42.1
Debt to
Equity
0.20.20.30.20.30.30.10.100-
Working Cap
Days
11413413214014015015213013110778
Cash Conv.
Cycle
2123364447504438472838

Valuation of PTC India - Standalone

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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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 *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales14,07511,31513,49616,44316,96315,63114,88716,00715,05016,256
Operating Expenses + 13,76510,95113,08116,00516,33015,02714,44015,56714,77915,987
Manufacturing Costs13,69210,88213,00715,90516,24014,89414,32115,39914,61215,811
Material Costs0000000000
Employee Cost 29303339455261686767
Other Costs 44394161458158101100108
Operating Profit 310364414438633604447439271270
Operating Profit Margin (%) 2.2%3.2%3.1%2.7%3.7%3.9%3.0%2.7%1.8%1.7%
Other Income + 2392031324530142289595364
Exceptional Items -0000-60050-20522-2
Interest 137120145583443342032894
Depreciation 3333344433
Profit Before Tax 4094453974235665714814841,056535
Tax 118126135102155147112115202138
Profit After Tax 291319262320410425370369855397
PAT Margin (%) 2.1%2.8%1.9%2.0%2.4%2.7%2.5%2.3%5.7%2.4%
Adjusted EPS (₹)9.810.88.910.813.914.412.512.528.913.4
Dividend Payout Ratio (%)30.50%37.10%45.10%50.90%54.10%54.40%62.50%62.60%40.50%63.40%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,0753,2203,3283,5133,7023,9154,1324,1484,7674,730
Share Capital 296296296296296296296296296296
Reserves 2,7792,9243,0323,2173,4063,6193,8363,8524,4714,434
Debt +6836499328339571,2312024011011
Long Term Debt6836496201122111
Short Term Debt003138329561,2302004001010
Minority Interest0000000000
Trade Payables2,7322,2312,9484,3373,6244,2863,9943,5292,9333,532
Others Liabilities 1071051261391071118870136145
Total Liabilities 6,5976,2057,3348,8218,3919,5448,4168,1487,9378,407

Fixed Assets

Net Fixed Assets +25232221212219181616
Gross Block31323434374140423940
Accumulated Depreciation691214161921242324
CWIP 0000000000
Investments 2,2681,7461,6041,6171,9571,7781,647916861861
Inventories0000000000
Trade Receivables3,2713,2704,7176,7885,8366,7395,3985,7554,7624,380
Cash Equivalents flag 169292952094188981,1796882,1622,879
Others Assets 864874897187158107173771137272
Total Assets 6,5976,2057,3348,8218,3919,5448,4168,1487,9378,407
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 941-299-482-2357062671,302-4685181,040
PBT 4094453974235665714814841,056535
Adjustment -81-7723267268-265-736-218
Changes in Working Capital 700-535-763-570231-2431009-843397975
Tax Paid -87-132-139-113-163-130-162-114-200-252
Cash Flow From Investing Activity + -70465526631-354171-24226651338
Capex -8-12-2-2-3-3-1-2-1-4
Net Investments -87437111-4-371165209-431,2376
Others -61023015736219-233271-585336
Cash Flow From Financing Activity + -230-243-0328-12514-1,231-44-851-2,112
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -135-117-144-55-27-37-30-13-320-85
Dividend Paid -81-94-141-136-222-222-172-231-231-435
Others -14-31284519124273-1,030200-300-1,592
Net Cash Flow 7114-21612322745347-286318-733
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.7610.148.019.3611.3711.159.198.9119.188.36
ROCE (%)14.7314.6513.2211.1213.3312.5410.8811.3429.413.1
Asset Turnover Ratio2.21.771.992.041.971.741.661.931.871.99
PAT to CFO Conversion(x)3.23-0.94-1.84-0.731.720.633.52-1.270.612.62
Working Capital Days
Receivable Days90.50105.50108127.70135.80146.80148.80127.20127.50102.60
Inventory Days0000000000
Payable Days0000000000

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Announcements

PTC India Ltd FAQs

The current trading price of PTC India on 07-Sep-2026 09:41 is ₹156.7.

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-Sep-2026 the market cap of PTC India stood at ₹4,626.6 Cr

The latest P/E ratio of PTC India as of 06-Sep-2026 is 12.75.

The latest P/B ratio of PTC India as of 06-Sep-2026 is 0.96.

The 52-week high of PTC India is ₹229.4 and the 52-week low is ₹149.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PTC India is ₹17,014 ( Cr.) .

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

The key valuation ratios of PTC India 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 Weak which suggest that the price of PTC India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About PTC India Ltd

PTC India Ltd. (formerly known as Power Trading Corporation of India Limited), was incorporated in 1999 to undertake trading of power to achieve economic efficiency and security of supply and to develop a vibrant power market in the country. The company is incorporated under the provisions of the Companies Act applicable in India. The shares of the Company are publicly traded on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).

The pioneering service of the company led to recognition of ‘Power Trading’ as a distinct licensed activity in the Electricity Act 2003. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes. PTC has maintained the largest market share since inception and is No. 1 in last 21 years of operations with its innovative products and services.

Business area of the company

PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.

Business solution offered by the company

  • Solutions for Generator
  • Solutions for Utilities
  • Cross Border Power Trade
  • PTC Retail
  • Consultancy/ Advisory Solutions
  • Energy Efficiency
  • Renewable Energy
  • Project Financing
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