PTC India Ltd - Stock Valuation and Financial Performance

BSE: 532524 | NSE: PTC | Power Generation/Distribution | Small Cap

PTC India Share Price

181 5.65 3.22%
as on 19-Mar'24 09:40

DeciZen - make an informed investing decision on PTC India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

PTC India stock performance -

mw4me loader
P/E Ratio (SA):
11.76
Market Cap:
5,190.5 Cr.
52-wk low:
84
52-wk high:
254.7

Is PTC India Ltd an attractive stock to invest in?

1. Is PTC India Ltd a good quality company?

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

2. Is PTC India Ltd undervalued or overvalued?

The key valuation ratios of PTC India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is PTC India Ltd a good buy now?

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.

10 Year X-Ray of PTC India:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.8%8%9.4%10.3%10.4%8.8%8.4%9.7%9.3%8.2%-
Value Creation
Index
-0.2-0.4-0.3-0.3-0.3-0.4-0.4-0.3-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11,51113,08212,47614,07511,31513,49616,44316,96315,63114,88715,791
Sales YoY Gr.-13.7%-4.6%12.8%-19.6%19.3%21.8%3.2%-7.9%-4.8%-
Adj EPS 8.66.87.59.610.78.810.813.914.312.314.9
YoY Gr.--20.9%9.5%28.7%11.2%-17.6%22.7%28.4%3.1%-14.3%-
BVPS (₹) 84.789.197.5103.9108.8112.4118.7125.1132.3139.6141.4
Adj Net
Profit
255202221284316261320411423363441
Cash Flow from Ops. 234258-181941-299-482-2357062671,302-
Debt/CF from Ops. 00-4.10.8-2.3-2-3.51.44.60.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.9%5.6%-3.3%-4.8%
Adj EPS 4%2.8%4.3%-14.3%
BVPS5.7%5.1%5.6%5.6%
Share Price 11.3% 18.4% 30.9% 99%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.67.889.610.189.411.411.1910.6
Op. Profit
Mgn %
2.82.12.52.23.23.12.73.73.932.8
Net Profit
Mgn %
2.21.51.822.81.922.42.72.42.8
Debt to
Equity
000.30.20.20.30.20.30.30.1-
Working Cap
Days
807911311413413214014015015281
Cash Conv.
Cycle
3226292123364447504428

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.60%

Sales growth is good in last 4 quarters at 15.67%

Sales growth has been subdued in last 3 years -3.26%

Net Profit has been subdued in last 3 years 4.28%

Latest Financials - PTC India Ltd.

Standalone Consolidated
TTM EPS (₹) 14.9 17.1
TTM Sales (₹ Cr.) 15,791 16,805
BVPS (₹.) 141.4 175.5
Reserves (₹ Cr.) 3,891 4,899
P/BV 1.24 1.00
PE 11.76 10.23
From the Market
52 Week Low / High (₹) 84.00 / 254.65
All Time Low / High (₹) 27.75 / 254.65
Market Cap (₹ Cr.) 5,191
Equity (₹ Cr.) 296
Face Value (₹) 10
Industry PE 19.7

Management X-Ray of PTC India:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of PTC India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales11,51113,08212,47614,07511,31513,49616,44316,96315,63114,887
Operating Expenses 11,19412,80712,17013,76510,95113,08116,00516,33015,02714,440
Manufacturing Costs11,05312,70312,12313,69210,88213,00715,90516,24014,89414,321
Material Costs0000000000
Employee Cost 15202529303339455261
Other Costs 125842244394161458158
Operating Profit 317274306310364414438633604447
Operating Profit Margin (%) 2.8%2.1%2.5%2.2%3.2%3.1%2.7%3.7%3.9%3.0%
Other Income 556918423920313245301422
Interest 7510513712014558344334
Depreciation 4443333344
Exceptional Items 4-32-380000-60050
Profit Before Tax 364301344409445397423566571481
Tax 11398110118126135102155147112
Profit After Tax 251203234291319262320410425370
PAT Margin (%) 2.2%1.6%1.9%2.1%2.8%1.9%1.9%2.4%2.7%2.5%
Adjusted EPS (₹)8.56.97.99.810.88.910.813.914.412.5
Dividend Payout Ratio (%)24%32%32%31%37%45%51%54%54%62%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,5082,6382,8863,0753,2203,3283,5133,7023,9154,132
Share Capital 296296296296296296296296296296
Reserves 2,2122,3422,5902,7792,9243,0323,2173,4063,6193,836
Minority Interest0000000000
Debt007156836499328339571,231202
Long Term Debt007156836496201122
Short Term Debt000003138329561,230200
Trade Payables1,0861,6212,4792,7322,2312,9484,3373,6244,2863,994
Others Liabilities 5025959810710512613910711188
Total Liabilities 4,0954,8546,1776,5976,2057,3348,8218,3919,5448,416

Fixed Assets

Gross Block66672831323434374140
Accumulated Depreciation36404691214161921
Net Fixed Assets30272525232221212219
CWIP 0000000000
Investments 9601,4541,3692,2681,7461,6041,6171,9571,7781,647
Inventories0000000000
Trade Receivables2,0862,5153,7083,2713,2704,7176,7885,8366,7395,398
Cash Equivalents 545280161169292952094188981,179
Others Assets475578913864874897187158107173
Total Assets 4,0954,8546,1776,5976,2057,3348,8218,3919,5448,416

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 234258-181941-299-482-2357062671,302
PBT 364301344409445397423566571481
Adjustment -41-31-37-81-7723267268-26
Changes in Working Capital 3284-348700-535-763-570231-2431009
Tax Paid -121-97-141-87-132-139-113-163-130-162
Cash Flow From Investing Activity -334-142323-70465526631-354171-24
Capex -2-2-1-8-12-2-2-3-3-1
Net Investments -379-212187-87437111-4-371165-25
Others 4771137-610230157362192
Cash Flow From Financing Activity -54-66-230-230-2430328-12514-1,231
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-2-102-135-117-144-55-27-37-30
Dividend Paid -53-64-72-81-94-141-136-222-222-172
Others 00-57-14-31284519124273-1,030
Net Cash Flow -15450-887114-21612322745347
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.47.898.499.7610.148.019.3611.3711.159.19
ROCE (%)15.3711.914.3514.7314.6513.2211.1213.3312.5410.88
Asset Turnover Ratio2.922.922.262.21.771.992.041.971.741.66
PAT to CFO Conversion(x)0.931.27-0.773.23-0.94-1.84-0.731.720.633.52
Working Capital Days
Receivable Days67649190106108128136147149
Inventory Days0000000000
Payable Days0000000000

PTC India Ltd Stock News

PTC India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PTC India on 19-Mar-2024 09:40 is ₹181.0.
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 19-Mar-2024 09:40 the market cap of PTC India stood at ₹5,190.5.
The latest P/E ratio of PTC India as of 19-Mar-2024 09:40 is 11.76.
The latest P/B ratio of PTC India as of 19-Mar-2024 09:40 is 1.24.
The 52-week high of PTC India is ₹254.7 and the 52-week low is ₹84.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PTC India is ₹15,791 ( Cr.) .

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
Read More Read Less
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