PTC India operates power trading in utilities sector. Market cap ₹4,779 Cr, quarterly revenue ₹3–5 Cr. PE 9.4 suggests value; 1y return -10.68% signals recent weakness.
OPM swings 0.99%–5.11%, EPS ₹2.39–₹6.46; what drives this volatility and will it persist?
ROE 10.28% is modest; improving or declining?
Power trading regulated; verify margin caps, volume mandates, policy exposure.
Merchant-power demand cyclical; verify customer concentration, contract terms, capex sensitivity.
Generated analysis · source review pending
D/E 0.29 provides balance-sheet room to scale; verify capex or volume-expansion strategy.
FII holding rose 27.46% to 28.88% over three months; verify if driven by growth confidence or rebalancing.
Cash generation via five dividends in 14 months shows profitability; verify if reinvestment could fuel growth.
Generated analysis · source review pending
2,528 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 12% | 11.3% | 12.3% | 10% | 8.1% | 10.1% | 5.7% |
| EBITDA margin % | — | 10.1% | 9.2% | 9.3% | 8.5% | 6.3% | 7% | 5.3% |
| EBIT margin % | — | 9.5% | 8.7% | 8.7% | 7.8% | 6.3% | 6.9% | 5.2% |
| PAT margin % | 3.2% | 2.2% | 2.5% | 3.3% | 3.2% | 3.2% | 6% | 4.3% |
| Working capital | ||||||||
| Receivable days | 118 | 141 | — | 156 | 130 | 125 | 107 | 95 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | — | 107 | 102 | 84 | 73 | 82 |
| NWC days | — | — | — | 49 | 28 | 42 | 34 | 14 |
| Leverage | ||||||||
| Current ratio | 0.9 | 1.15 | — | 1.4 | 1.51 | 1.75 | 2.17 | 2.24 |
| Debt to EBITDA | — | 5.53 | — | 6.2 | 4.82 | 4.05 | 2.61 | 1.99 |
| Debt to equity | 2.83 | 2.41 | — | 2.07 | 1.3 | 0.84 | 0.51 | 0.29 |
| Interest coverage | 0 | 1.5 | 1.8 | 2 | 2.1 | 2.6 | 3.3 | 4 |
| Asset turnover | 0.71 | 0.86 | — | 0.85 | 0.96 | 1.11 | 1.26 | 1.33 |
| Return ratios | ||||||||
| Return on assets % | 2.3% | 1.9% | — | 2.8% | 3% | 3.5% | 7.6% | 5.7% |
| Return on capital employed % | 0.3% | 12.7% | — | 12.9% | 11.5% | 10.6% | 12.5% | 14.8% |
| Return on equity % | 12.4% | 9.7% | — | 11.7% | 10.1% | 10.4% | 16.8% | 12% |
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.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | 16.22% | |
| 27.47% | 28.77% | 29.41% | 33.07% | 33.31% | 28.67% | 25.72% | 28.75% | 28.92% | 27.81% | 27.46% | 28.88% | |
| 7.82% | 6.33% | 5.91% | 5.78% | 5.74% | 5.69% | 6.78% | 6.82% | 6.84% | 6.71% | 7.52% | 8.95% | |
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3.38% | 3.38% | 3.38% | 3.38% | |
| 48.49% | 48.68% | 48.46% | 44.93% | 44.73% | 49.42% | 51.28% | 48.21% | 44.64% | 45.88% | 45.42% | 42.57% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 2,69,199 | 2,73,627 | 2,70,599 | 2,54,640 |
Promoter holding up 0 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 31 Aug 2026 | ISHARES CORE MSCI EMERGING MARKETS ETF | Bulk | NSE | Sell | 22,69,598 | ₹151.17 | ₹34.31 Cr |
| 19 Apr 2024 | ISHARES GLOBAL CLEAN ENERGY UCITS ETF | Bulk | NSE | Buy | 38,67,095 | ₹217.53 | ₹84.12 Cr |
| 19 Apr 2024 | ISHARES GLOBAL CLEAN ENERGY ETF | Bulk | NSE | Buy | 27,50,232 | ₹217.53 | ₹59.83 Cr |
| 19 Apr 2024 | BNP PARIBAS ARBITRAGE | Bulk | NSE | Sell | 16,18,173 | ₹215.88 | ₹34.93 Cr |
| 25 Jan 2024 | GRAVITON RESEARCH CAPITAL LLP | Bulk | NSE | Sell | 20,71,681 | ₹234.99 | ₹48.68 Cr |
| 25 Jan 2024 | GRAVITON RESEARCH CAPITAL LLP | Bulk | NSE | Buy | 20,71,681 | ₹234.89 | ₹48.66 Cr |
| 13 Dec 2023 | GRAVITON RESEARCH CAPITAL LLP | Bulk | NSE | Sell | 16,66,161 | ₹187.05 | ₹31.17 Cr |
| 13 Dec 2023 | GRAVITON RESEARCH CAPITAL LLP | Bulk | NSE | Buy | 16,66,161 | ₹187.07 | ₹31.17 Cr |
| 30 Nov 2023 | BNP PARIBAS ARBITRAGE | Bulk | NSE | Sell | 25,58,507 | ₹163.80 | ₹41.91 Cr |
| 20 Oct 2022 | WISDOMTREE INDIA EX STATEOWNED ENTERPRISES FUND | Bulk | NSE | Sell | 15,87,756 | ₹72.26 | ₹11.47 Cr |
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.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Documents link to external sources (exchange filings, company investor pages).
Announcement under Regulation 30 (LODR)-Change in Management
Shareholder Meeting / Postal Ballot-Outcome of AGM
Announcement under Regulation 30 (LODR)-Acquisition
Announcement under Regulation 30 (LODR)-Credit Rating
Compliance With Regulation 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements), 2015
Announcement under Regulation 30 (LODR)-Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR)
| Date | Category | Subject | Filing |
|---|---|---|---|
| 1 Oct 2026, 5:18 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | |
| 30 Sept 2026, 4:46 pm | Company Update Change in Management | Announcement under Regulation 30 (LODR)-Change in Management | |
| 30 Sept 2026, 4:40 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Outcome of AGM | |
| 17 Sept 2026, 3:32 pm | Company Update Acquisition | Announcement under Regulation 30 (LODR)-Acquisition | |
| 16 Sept 2026, 4:21 pm | Company Update Credit Rating | Announcement under Regulation 30 (LODR)-Credit Rating | |
| 3 Sept 2026, 5:04 pm | Company Update General | Compliance With Regulation 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements), 2015 | |
| 3 Sept 2026, 3:25 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication | |
| 2 Sept 2026, 3:51 pm | Others Business Responsibility and Sustainability Reporting (BRSR) | Business Responsibility and Sustainability Reporting (BRSR) |
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Adani Power LimitedADANIPOWERADANIPOWER | ₹3,78,385 Cr | ₹4,31,941 Cr | ₹59,033 Cr | ₹22,070 Cr | 36.5% | ₹14,255 Cr | 23.9% | 17.3% | 21.2% | 89 |
| Adani Energy Solutions LimitedADANIENSOLADANIENSOL | ₹1,59,340 Cr | ₹2,08,239 Cr | ₹30,480 Cr | ₹9,778 Cr | 32.9% | ₹2,919 Cr | 8.7% | 11.1% | 9.6% | -139 |
| Jsw Energy LimitedJSWENERGYJSWENERGY | ₹88,925 Cr | ₹1,64,771 Cr | ₹18,965 Cr | ₹10,149 Cr | 53.3% | ₹1,967 Cr | 14.6% | 8.6% | 7.7% | 28 |
| Ntpc Green Energy LimitedNTPCGREENNTPCGREEN | ₹76,755 Cr | ₹1,06,013 Cr | ₹3,285 Cr | ₹2,860 Cr | 86.6% | ₹607 Cr | 18.2% | 3.3% | 2.8% | -32 |
| Nhpc LimitedNHPCNHPC | ₹72,073 Cr | ₹1,24,207 Cr | ₹12,210 Cr | ₹5,787 Cr | 45.1% | ₹3,797 Cr | 36.3% | 4.4% | 9.3% | 77 |
| Torrent Power LimitedTORNTPOWERTORNTPOWER | ₹62,630 Cr | ₹76,363 Cr | ₹29,184 Cr | ₹5,596 Cr | 19.1% | ₹2,324 Cr | 8.5% | 13.2% | 13.2% | -285 |
| Nlc India LimitedNLCINDIANLCINDIA | ₹35,109 Cr | ₹62,911 Cr | ₹18,381 Cr | ₹6,125 Cr | 32% | ₹3,367 Cr | 21.6% | 8.2% | 17.5% | 171 |
| Acme Solar Holdings LimitedACMESOLARACMESOLAR | ₹30,577 Cr | ₹49,565 Cr | ₹2,370 Cr | ₹2,058 Cr | 88% | ₹603 Cr | 24.6% | 8.5% | 10.4% | 63 |
| Sjvn LimitedSJVNSJVN | ₹22,757 Cr | ₹54,860 Cr | ₹5,005 Cr | ₹3,492 Cr | 74% | ₹639 Cr | 14.2% | 5.9% | 4.5% | 100 |
| Cesc LimitedCESCCESC | ₹17,448 Cr | ₹38,767 Cr | ₹18,853 Cr | ₹3,478 Cr | 18.6% | ₹1,551 Cr | 8.7% | 10.2% | 12.6% | 11 |
| Nava LimitedNAVANAVA | ₹15,652 Cr | ₹17,873 Cr | ₹4,310 Cr | ₹1,656 Cr | 40% | ₹756 Cr | 24.2% | 12.5% | 9.6% | 178 |
| Juniper Green Energy LimitedJNPRJNPR | ₹15,263 Cr | ₹28,184 Cr | ₹719 Cr | ₹606 Cr | 84.3% | ₹40 Cr | 5.6% | — | 1.2% | — |
5 schemes · 3 fund houses
| Shares | ||||||
|---|---|---|---|---|---|---|
| POWER & INFRA FUND | Nippon India Mutual Fund | 32.21 L | 48.61 | 0.6% | 1.088% | -0 |
| Multi Asset Allocation Fund | Nippon India Mutual Fund | 22 L | 33.2 | 0.18% | 0.743% | -0 |
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 6.2 L | 9.36 | 0.38% | 0.21% | -13,581 |
| IB18-Groww Nifty Total Market Index Fund | Groww Mutual Fund | 4,246 | 0.06 | 0.02% | 0.001% | +19 |
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 702 | 0.01 | 0.02% | 0% | -0 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,447 | 15,311 | 12,766 | 15,155 | 18,101 | 18,346 | 16,856 | 15,971 | 16,763 | 16,241 | 16,771 | |
| COGS | — | — | — | — | 15,923 | 16,270 | 14,785 | 14,367 | 15,398 | 14,600 | 15,810 |
| Gross profit | — | — | — | — | 2,178 | 2,076 | 2,071 | 1,603 | 1,365 | 1,641 | 961 |
| 248 | 211 | 194 | 205 | 355 | 383 | 497 | 254 | 299 | 509 | 77 | |
| — | — | — | — | 1,823 | 1,692 | 1,575 | 1,350 | 1,066 | 1,132 | 884 | |
| OPM % | — | — | — | — | 10.1% | 9.2% | 9.3% | 8.5% | 6.4% | 7% | 5.3% |
| Depreciation | 10 | 21 | 97 | 97 | 100 | 100 | 101 | 102 | 10 | 9 | 10 |
| Interest | 631 | 800 | 944 | 1,240 | 1,155 | 921 | 751 | 600 | 424 | 348 | 310 |
| 116 | 203 | 147 | 130 | 22 | 8 | 23 | 32 | 71 | 465 | 363 | |
| Profit before tax | 624 | 772 | 258 | 744 | 589 | 679 | 745 | 680 | 703 | 1,239 | 926 |
| Tax | 218 | 266 | 93 | 254 | 183 | 221 | 193 | 173 | 170 | 263 | 208 |
| Tax % | 34.9% | 34.5% | 36% | 34.2% | 31.1% | 32.6% | 25.9% | 25.5% | 24.2% | 21.2% | 22.5% |
| 406 | 506 | 165 | 490 | 406 | 458 | 552 | 507 | 533 | 976 | 717 | |
| PAT margin % | 3% | 3.3% | 1.3% | 3.2% | 2.2% | 2.5% | 3.3% | 3.2% | 3.2% | 6% | 4.3% |
| EPS (₹) | 10.9 | 14 | 6.8 | 14.4 | 12.4 | 15.2 | 17.1 | 15.1 | 16.1 | 30.4 | 20.5 |
| EPS adjusted (₹) | 10.9 | 14 | 6.8 | 14.4 | 12.4 | 15.2 | 18.6 | 15.1 | 16.1 | 30.4 | 20.5 |
| 22.9% | 21.4% | 59.3% | 27.8% | 44.3% | 49.5% | 45.6% | 51.8% | 48.4% | 22% | — | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2019 | 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 |
| Reserves | 3,123 | 3,559 | 3,423 | 3,666 | 3,891 | — | 4,427 | 4,723 | 4,846 | 5,509 | 5,685 |
| Minority interest | — | 834 | 679 | 723 | 740 | — | 792 | 855 | 888 | 964 | 1,078 |
| 6,405 | 9,388 | 11,348 | 11,204 | 10,089 | — | 9,767 | 6,521 | 4,305 | 2,946 | 1,757 | |
| 3,688 | 4,021 | 3,507 | 5,389 | 6,093 | — | 4,600 | 4,235 | 4,788 | 3,201 | 3,815 | |
| Total equity & liabilities | 13,513 | 18,098 | 19,253 | 21,278 | 21,109 | — | 19,882 | 16,630 | 15,123 | 12,916 | 12,631 |
| 388 | 2,155 | 2,061 | 1,967 | 1,869 | 1,787 | 1,693 | 1,617 | 43 | 38 | 32 | |
| CWIP | — | 0 | 0 | — | — | — | — | 0 | 0 | 0 | 0 |
| Investments | 1,009 | 974 | 400 | 303 | 402 | — | 768 | 326 | 284 | 377 | 941 |
| 12,116 | 14,970 | 16,792 | 19,008 | 18,838 | — | 17,421 | 14,687 | 14,796 | 12,500 | 11,658 | |
| Total assets | 13,513 | 18,098 | 19,253 | 21,278 | 21,109 | — | 19,882 | 16,630 | 15,123 | 12,916 | 12,631 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Power | 16,450.28 | 376.48 | 4,684.55 | 3,726.93 | 957.62 | 39.31 |
| Financing business | 510.7 | 387.38 |
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,281 | 111 | -1,438 | -108 | 3,294 | 2,108 | 3,049 | 3,575 | 2,451 | 1,921 | 2,817 | |
| 87 | -1,374 | 249 | 244 | -414 | -505 | 46 | 168 | -504 | 870 | -824 | |
| 1,124 | 1,353 | 1,278 | -408 | -2,570 | -1,085 | -2,788 | -4,019 | -2,042 | -1,941 | -3,428 | |
| Net cash flow | -70 | 91 | 89 | -272 | 309 | 518 | 308 | -276 | -96 | 850 | -1,434 |
| Free cash flow | -1,594 | -1,366 | -1,741 | -110 | 3,292 | 2,104 | 3,039 | 3,574 | 2,448 | 1,915 | 2,813 |
| CFO / Operating profit % | — | — | — | — | 180.6% | 124.6% | 193.6% | 264.5% | 230.7% | 170% | 319.2% |
| 4,875.61 |
| 1,806.19 |
| 3,069.42 |
| 12.62 |
| Unallocated | 176.79 | 161.78 | 0 | 0 | — | — |
₹ crore by fiscal year