MarketFriction

PTC India Ltd

NSE PTC · BSE 532524 · Power Trading
₹154.79 -0.49%
NSE close2026-10-01
52 week range149.59 - 229.51
Market cap₹4,610 Cr.
P/E9.01
Microcap 250 Price band 20% Delivery 64.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5,0703,4283,5074,5555,1283,4212,9244,0095,4593,4053,8984,774
Expenses4,7753,1783,2564,3114,8223,1112,7683,7215,1833,2323,7534,623
Operating Profit295250251244306310156288275173145151
OPM %6%7%7%5%6%9%5%7%5%5%3.7%3.1%
Other Income72-7-2217377942195127687555
Interest10910410017391859992101645352
Depreciation233222323332
Profit before tax255136126242290232475289298175164151
Tax %21%29%28%22%19%22%22%16%26%25%26%26%
Net Profit2029791189234181372243222131121112
EPS in Rs6.132.682.915.877.345.3211.886.596.463.853.563.31
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13,44715,31112,76615,15518,10118,34616,85615,97116,76315,67916,77117,535
Expenses12,33313,91811,61213,20116,27516,64615,27614,61615,69414,81015,87916,791
Operating Profit1,1141,3931,1541,9541,8261,6991,5801,3551,070869892744
OPM %8%9%9%13%10%9%9%8%6%6%5%4.2%
Other Income1542031471302382332751,029364324
Interest6338029461,2431,159928757605431650320270
Depreciation102197971001001011021091010
Profit before tax6247722587445896797456807031,239926788
Tax %35%34%36%34%31%33%26%25%24%21%22%
Net Profit406506165490406458552507533976717587
EPS in Rs10.9014.016.7514.3712.4215.1617.1015.0516.1130.4120.4617.18
Dividend Payout %23%21%59%28%44%49%46%52%48%38%42%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%-2%2%13%
Compounded Profit Growth7%6%11%-17%
Stock Price CAGR8%6%5%-6%
Return on Equity10%10%10%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital296296296296296296296296296296296296
Reserves2,7863,2553,5593,4233,6663,8914,1244,4274,7234,8465,5095,685
Borrowings5,1107,7249,99912,35313,32011,40811,4799,7716,5464,3272,9621,769
Other Liabilities2,4773,5074,2453,1813,9965,5144,7695,3875,0655,6544,1484,881
Total Liabilities10,67014,78218,09819,25321,27821,10920,66819,88216,63015,12312,91612,631
Fixed Assets493872,1552,0611,9671,8841,7871,6931,617433832
CWIP000000000000
Investments1,2931,102974400291564972768326284377941
Other Assets9,32813,29314,97016,79219,02018,66217,90917,42114,68614,79612,50011,658
Total Assets10,67014,78218,09819,25321,27821,10920,66819,88216,63015,12312,91612,631
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-497-1,281111-1,438-1083,2942,1083,0493,5752,4511,8642,817
Cash from Investing Activity-16087-1,374249244-414-50546168-5191,430-824
Cash from Financing Activity7091,1241,3531,278-408-2,570-1,085-2,788-4,019-2,042-2,459-3,428
Net Cash Flow52-709189-272309518308-276-110835-1,434
Free Cash Flow-500-1,594-1,366-1,754-1113,2922,1053,0403,5742,4481,8592,813
CFO/OP-29%-88%28%-99%9%194%130%193%275%247%245%343%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days67101789511814112315613012511195
Inventory Days00000000000
Days Payable
Cash Conversion Cycle67101789511814112315613012511195
Working Capital Days7-4-62-79-238202524523720
ROCE %13%12%12%8%11%10%10%9%9%10%14%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%16.22%
FIIs27.47%28.78%29.41%33.07%33.31%28.67%25.72%28.75%28.92%27.81%27.46%28.88%
DIIs7.82%6.32%5.91%5.78%5.73%5.69%6.77%6.81%6.83%6.71%7.52%8.95%
Government3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%3.38%
Public45.10%45.30%45.09%41.55%41.35%46.05%47.92%44.85%44.65%45.89%45.43%42.58%
No. of Shareholders2,05,9052,15,6112,49,9372,51,1632,55,7542,73,2422,74,5002,66,0592,69,1992,73,6272,70,5992,54,640

Fundamentals

Market Cap₹ 4,610 Cr.
Current Price₹ 156
Stock P/E9.01
Book Value₹ 202
ROCE13.4 %
ROE10.2 %
Dividend Yield14.8 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)-17%
Consolidated figures.
Valuation
Market capRs 4,582 Cr
Enterprise valueRs 2,430 Cr
P/E (TTM)9.01x
Price to book0.77x
Price to sales0.26x
EV / EBITDA2.27x
EV / EBIT2.30x
EV / sales0.14x
Price to cash flow1.63x
Earnings yield11.10%
Dividend yield5.49%
P/E, 3-year average8.21x
P/B, 3-year average0.89x
P/E, 5-year average7.02x
P/B, 5-year average0.74x
Profitability
Operating margin (excl. other income)5.32%
Operating margin (incl. other income)7.49%
EBITDA margin6.09%
Pre-tax margin4.49%
Net profit margin2.90%
Net margin, latest quarter2.05%
ROE10.28%
ROCE15.08%
ROA4.74%
ROE, 3-year average12.04%
ROCE, 3-year average15.53%
ROA, 3-year average4.72%
ROE, 5-year average11.27%
ROCE, 5-year average13.27%
ROA, 5-year average3.82%
ROIC (approx.)21.42%
Tax rate22.49%
Other income / net worth6.08%
Growth
Sales growth (latest year)6.96%
Profit growth (latest year)-32.73%
Sales CAGR, 3 years1.64%
Sales CAGR, 5 years-1.78%
Profit CAGR, 3 years10.77%
Profit CAGR, 5 years6.18%
Sales growth QoQ22.48%
Profit growth QoQ-6.98%
Sales growth YoY (latest quarter)19.07%
Profit growth YoY (latest quarter)-49.76%
Per share
EPS (TTM)Rs 17.18
EPS (latest year)Rs 20.46
EPS (latest quarter)Rs 3.31
EPS, 3-year averageRs 22.33
EPS, 5-year averageRs 19.83
Book value per shareRs 202.05
Sales per shareRs 592.40
Cash flow per shareRs 95.17
Free cash flow per shareRs 95.03
Dividend per share (latest year)Rs 8.50
Dividend per share, 3-year averageRs 9.33
Dividend per share, 5-year averageRs 8.72
Dividends
Dividend payout41.55%
Dividend payout, 3-year average42.81%
Dividend payout, 5-year average45.17%
Efficiency
Asset turnover1.33x
Fixed asset turnover527.05x
Debtor days95 days
Debtors turnover3.83x
Cash conversion cycle95 days
Working capital days20 days
Leverage
Total debtRs 1,769 Cr
Cash and bankRs 3,921 Cr
Net debtRs -2,152 Cr
Debt to equity0.30x
Net debt / EBITDA-2.01x
Interest coverage3.92x
Current ratio (filing 2026-03-31)2.24x
Quick ratio (filing 2026-03-31)2.24x
Trade payables (filing 2026-03-31)Rs 3,533 Cr
Owners' fund to total sources47.35%
Debt to assets14.00%
Cash flow
Cash from Operating Activity (latest year)Rs 2,817 Cr
Cash from Investing Activity (latest year)Rs -824 Cr
Cash from Financing Activity (latest year)Rs -3,428 Cr
Net Cash Flow (latest year)Rs -1,434 Cr
Free cash flow (latest year)Rs 2,813 Cr
FCFE (approx.: FCF + change in debt)Rs 1,619 Cr
Cash from ops / profit, 5 years4.19x
Sales to cash flow5.95x
Statement figures
Net sales (TTM)Rs 17,535 Cr
Net sales (latest year)Rs 16,771 Cr
Sales (latest quarter)Rs 4,774 Cr
Operating profit excl. other income (latest year)Rs 892 Cr
Operating profit (latest quarter)Rs 151 Cr
Other income (TTM)Rs 324 Cr
EBITDA (TTM)Rs 1,068 Cr
PBDT (TTM)Rs 798 Cr
Profit before tax (TTM)Rs 788 Cr
Tax (latest year)Rs 208 Cr
Net profit (TTM)Rs 509 Cr
Net profit (latest year)Rs 606 Cr
Net profit (latest quarter)Rs 98 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 270 Cr
Cost of goods sold (latest year)Rs 15,820 Cr
Total expenditure (latest year)Rs 15,879 Cr
Total income (latest year)Rs 17,134 Cr
Share capitalRs 296 Cr
ReservesRs 5,685 Cr
Shareholders' fundsRs 5,981 Cr
Total assetsRs 12,631 Cr
Net blockRs 32 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 941 Cr
ReceivablesRs 4,381 Cr
Other liabilitiesRs 4,881 Cr
Shares outstanding (crore)29.60
Ownership
Promoter holding16.22% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.0 is at the 74th percentile of its own 9.4-year range (median 6.8, low 2.3, high 15.9).
P/B 0.77 is at the 58th percentile (median 0.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPTCNifty 50Difference
1 week-0.7%-2.8% +2.1 pts
1 month-0.3%-6.8% +6.5 pts
3 months-12.9%-7.6% -5.3 pts
6 months-1.8%+0.4% -2.2 pts
1 year-8.7%-9.9% +1.2 pts
2 years-26.8%-13.6% -13.3 pts
3 years+16.6%+14.2% +2.4 pts
5 years+34.5%+27.9% +6.7 pts
20 mutual fund schemes hold about ₹182 Cr. Over three months 6 bought more and 13 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Power & Infra Fund0.60%48 -5%
Quant PSU Fund8.38%36 +5%
Nippon India Multi Asset Allocation Fund0.18%33 -15%
Quant Small Cap Fund0.05%18 -12%
Qsif Equity Long-Short Fund1.48%11 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.38%9 -11%
Qsif Hybrid Long-Short Fund3.50%7 +100%
Qsif Equity Ex-Top 100 Long-Short Fund1.71%7 +100%
Quant Commodities Fund1.04%4 +2%
JioBlackRock Flexi Cap Fund0.10%3 -72%
Quant Manufacturing Fund0.43%3 -66%
WSIF Equity Ex-Top 100 Long-Short Fund1.84%1 +100%
WSIF Equity Long-Short Fund0.52%0 +100%
Groww Nifty Total Market Index Fund0.02%0 -7%
Angel One Nifty Total Market Index Fund0.02%0 -7%
Mirae Asset Nifty Total Market Index Fund0.02%0 -7%
Bandhan Nifty Total Market Index Fund0.02%0 -7%
Motilal Oswal BSE 1000 Index Fund0.02%0 -7%
Samco Multi Cap Fund0.00%0 -100%
Nippon India Small Cap Fund0.00%0 -100%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹4,774 Cr +19.1% vs Jun 2025. Net profit ₹112 Cr -53.9%.
Against our estimate for Jun 2026: sales +2.3%, profit -39.4% miss. Our estimate for Sep 2026: sales Rs 6,889 Cr, profit Rs 239 Cr (how).

Activity

Compare
No listed peers in this industry.
No bulk or block deals on record.
Ex-dateActionFactor
2026-10-07Dividend - Rs 5.50 Per Share
2026-08-10Interim Dividend - Rs 23 Per Share
2026-02-20Interim Dividend - Rs 3 Per Share
2025-08-01Dividend - Rs 6.70 Per Share
2025-05-05Interim Dividend - Rs 5 Per Share
2024-09-19Annual General Meeting/Dividend - Rs 7.80 Per Share
2023-09-20Dividend - Rs 7.80 Per Share
2022-12-15Annual General Meeting/Dividend - Rs 5.8 Per Share
2021-11-25 Interim Dividend - Rs 2 Per Share
2021-09-08 Dividend - Rs 5.50 Per Share
2020-11-19 Interim Dividend - Rs 2 Per Share
2020-09-14 Dividend - Rs 5.50 Per Share
2019-09-20 Annual General Meeting/Dividend - Rs 4 Per Share
2018-08-29 Annual General Meeting/Dividend Rs 4 Per Share
2017-09-13 Annual General Meeting/Dividend - Rs 3/- Per Share
2016-09-14 Annual General Meeting/Dividend-Rs 2.50 Per Share
2015-09-16 Annual General Meeting/ Dividend - Rs 2.20 Per Share
2014-09-18Annual General Meeting / Dividend Rs 2/- Per Share
2013-08-07Annual General Meeting / Dividend - Rs 1.60/- Per Equity Share
2012-09-12Annual General Meeting And Dividend Rs.1.50 Per Share
2011-09-15Annual General Meeting And Dividend Rs.1.50 Per Share
2010-09-16Annual General Meeting And Dividend Rs.1.20 Per Share
2009-09-17Agm/Div-Rs.1.20 Per Share
2008-07-24Agm/Dividend - 10%
2007-09-13Agm/Dividend-10%
2006-07-05Agm/Dividend-10%
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30Change in ManagementExtension of term of Executive Director (being Senior Management Personnel)
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of PTC India Ltd?

PTC India Ltd (PTC) has a market capitalisation of Rs 4,610 Cr. at the 2026-10-01 close.

What is the P/E ratio of PTC India Ltd?

PTC India Ltd trades at a P/E of 9.01 on trailing twelve-month profit, at the 2026-10-01 close.

What were PTC India Ltd's latest quarterly results?

In the Jun 2026 quarter, PTC India Ltd sales was Rs 4,774 Cr (+19.1% vs Jun 2025) and net profit was Rs 112 Cr.

What is the 52-week high and low of PTC India Ltd?

The 52-week high is Rs 229.51 and the 52-week low is Rs 149.59.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03