Ptc India Financial Services Limited (PFS)

Loading page…

Ptc India Financial Services Limited (PFS) · mywealthgrid

About

Ptc India Financial Services is a small-cap NBFC (₹1,820.92 Cr market cap) operating in India's financial services sector. Exceptionally high operating margins (120.56%, ranging 91-134% quarterly) indicate specialized business model—likely trading or brokerage-focused rather than traditional lending.

Face value: ₹10

Market cap

₹1,850 Cr

P/E

8.3×

P/B

0.6×

Dividend yield

ROE

10.9%

ROCE

—

Debt / equity

0.57

OPM

120.6%

EPS (TTM)

₹3.5

Book value

₹47.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue declined 21% from ₹131.84 Cr (Sep 2025) to ₹103.31 Cr (Jun 2026); verify whether this reflects cyclical downturn or structural deterioration
Net profit spiked to ₹88.14 Cr (Sep 2025) then settled to ₹40-50 Cr range in subsequent quarters; verify composition of Sep 2025 results—if exceptional gains, core business is significantly weaker than margins suggest
Stock declined 26% over 12 months to ₹28.35 and trades near 52-week low (₹24.01); verify what drove repricing and whether fundamentals deteriorated
Minimal institutional investor participation (FII 2.03%, DII 5.05%) despite PE 8.17; verify whether absence reflects business concerns or research gap

Generated analysis · source review pending

Growth drivers

Revenue recovery from Jun 2026 low of ₹103.31 Cr to Sep 2025 level of ₹131.84 Cr would add 28% revenue; verify what reverses the current decline
Operating margins of 120.56% suggest trading/brokerage model; verify whether margins are structurally sustainable or dependent on market volumes and volatility
Sep 2025 delivered ₹88.14 Cr profit (134% OPM) versus ₹40-50 Cr range in other quarters; verify whether repeatable or represents exceptional one-time gains

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹28.8+2.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 120.6%
+Profit CAGR of 65.7% over the last 5 years
+High promoter holding of 65% with no pledge

Cons

−Low return on equity of 8.5% (3-yr avg)
−Revenue shrank over the last 5 years (-14.6% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 52
Growth: 18
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,364	1,131	953	791	761	633	515
Interest	948	752	580	432	410	321	224
Expenses	243	289	209	127	144	32	-106
Financing profit	173	90	164	232	207	280	396
Financing margin %	12.7%	8%	17.2%	29.4%	27.2%	44.3%	76.9%
Other income	5	9	16	6	16	5	4
Depreciation	6	6	6	6	6	7	7
Exceptional items	0	0	0	0	0	0	-2
Profit before tax	172	93	174	232	216	279	390
Tax	62	68	44	57	55	61	70
Tax %	36.1%	72.6%	25.3%	24.3%	25.6%	22.1%	18.1%
PAT	110	26	130	176	161	217	319
EPS (₹)	1.7	0.4	2	2.7	2.5	3.4	5
EPS adjusted (₹)	—	0.4	2	2.7	2.5	3.4	5
	26.3%	0%	0%	36.5%	0%	0%	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	642	642	642	642	642	642
Reserves	—	1,477	1,622	1,800	1,896	2,112	2,437
	9,275	9,174	7,118	5,122	3,905	2,861	1,768
	—	238	135	70	81	67	108
Total equity & liabilities	—	11,532	9,516	7,634	6,525	5,683	4,956
	—	16	12	30	25	23	16
CWIP	—	0	0	0	0	0	—
Investments	356	373	350	91	122	268	832
	—	11,143	9,155	7,513	6,377	5,391	4,109
Total assets	—	11,532	9,516	7,634	6,525	5,683	4,956

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	236	3,228	1,311	2,721	1,887	2,563	1,139	1,780
	-0	-386	-162	-154	259	-689	776	-1,165
	-257	-2,652	-883	-2,719	-2,459	-1,669	-1,383	-1,316
Net cash flow	—	—	266	-151	-312	205	532	-701
Free cash flow	—	—	1,311	2,720	1,887	2,562	1,136	1,780
CFO / Operating profit %	—	287.9%	155.7%	365.8%	284.2%	415.4%	189.4%	286.9%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	82.2%	74.5%	78.1%	84%	81.1%	95%	120.6%
EBIT margin %	81.7%	73.9%	77.4%	83.2%	80.2%	93.9%	119.1%
PAT margin %	8.1%	2.3%	13.6%	22.2%	21.1%	34.3%	62.1%
Working capital
Receivable days	—	—	—	—	—	—	—
Inventory days	—	0	0	0	0	0	—
Payable days	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	8.27	10.9	9.57	7.71	6.33	4.76	2.85
Debt to equity	—	4.33	3.14	2.1	1.54	1.04	0.57
Interest coverage	1.2	1.1	1.3	1.5	1.5	1.9	2.7
Asset turnover	—	0.1	0.1	0.1	0.12	0.11	0.1
Return ratios
Return on assets %	—	0.2%	1.4%	2.3%	2.5%	3.8%	6.4%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	—	1.2%	5.7%	7.2%	6.3%	7.9%	10.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%	64.99%
	2.01%	2.66%	2.62%	2.35%	2.05%	2.03%	2.08%	2.22%	2.19%	2.17%	2.13%	2.03%
	2.21%	2.31%	2.68%	2.86%	5%	5.48%	5.43%	5.08%	5.06%	5.06%	5.05%	5.05%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.79%	30.04%	29.71%	29.8%	27.96%	27.5%	27.5%	27.71%	27.76%	27.78%	27.83%	27.93%
No. of shareholders	—	—	—	—	—	—	—	—	1,37,774	1,38,273	1,34,475	1,31,972

Promoter holding up 0 percentage points since Sep 2023.

4 deals · 14 Dec 2023 – 24 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	52,97,130	₹39.53	₹20.94 Cr
24 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	52,97,130	₹39.47	₹20.91 Cr
14 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	39,38,659	₹45.15	₹17.78 Cr
14 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	39,38,659	₹45.09	₹17.76 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Manoj Kumar JhawarNon-Executive - Nominee Director-Chairperson
Mr. Manas Ranjan MohantyNon-Executive - Independent Director
Mrs. Mini IpeNon-Executive - Independent Director
Mrs. Rashmi VermaNon-Executive - Independent Director
Mr. Pikkili Rammana MurthyNon-Executive - Independent Director
Mr. Rajiv MalhotraNon-Executive - Nominee Director
Mr. Dilip SrivastavaExecutive Director
Mr. Devesh SinghChief Risk Officer
Mr. Sanjeev KumarExecutive Director
Mr. Sitesh Kumar SinhaChief Compliance Officer
Mr. Manohar BalwaniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ptc India Financial Services Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

0 announcementsExport CSV

No announcements stored for this window

Filings are ingested from BSE daily. Try a longer range, or check back after the next sync.

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	82.2%	74.5%	78.1%	84%	81.1%	95%	120.6%
EBIT margin %	81.7%	73.9%	77.4%	83.2%	80.2%	93.9%	119.1%
PAT margin %	8.1%	2.3%	13.6%	22.2%	21.1%	34.3%	62.1%
Working capital
Receivable days	—	—	—	—	—	—	—
Inventory days	—	0	0	0	0	0	—
Payable days	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	8.27	10.9	9.57	7.71	6.33	4.76	2.85
Debt to equity	—	4.33	3.14	2.1	1.54	1.04	0.57
Interest coverage	1.2	1.1	1.3	1.5	1.5	1.9	2.7
Asset turnover	—	0.1	0.1	0.1	0.12	0.11	0.1
Return ratios
Return on assets %	—	0.2%	1.4%	2.3%	2.5%	3.8%	6.4%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	—	1.2%	5.7%	7.2%	6.3%	7.9%	10.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

Ptc India Financial Services Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

No announcements stored for this window

Not in the F&O segment

No fund holdings on record

No announcements stored for this window

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

9

1

Compounded sales growth

Compounded profit growth

Return on equity

Ptc India Financial Services Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

No announcements stored for this window

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

No announcements stored for this window

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends9

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1