Ptc India Limited (PTC) · mywealthgrid

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About

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.

Face value: ₹10

Market cap

₹4,582 Cr

P/E

9.0×

P/B

0.8×

Dividend yield

16.8%

ROE

10.3%

ROCE

14.8%

Debt / equity

0.29

OPM

5.3%

EPS (TTM)

₹17.2

Book value

₹202.0

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

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

Growth drivers

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.

₹154.8-0.6%1Y

Quick read

rule-based

Pros

+Dividend yield of 16.8%

Cons

−Thin operating margin of 5.3%
−Revenue shrank over the last 5 years (-1.8% a year)
−Low promoter holding of 16.2%

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 32
Growth: 31
Valuation: 97

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.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

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%	—

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Financials

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

Annual Quarterly

Consolidated Standalone

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

Segment results

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.

Source XBRL ↗

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

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Ratios

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

Consolidated Standalone

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.

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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
	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.

10 deals · 20 Oct 2022 – 31 Aug 2026

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

1–10 of 10

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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. SUKHDEV SINGHNon-Executive - Independent Director-Chairperson
Mr. MANOJ KUMAR JHAWARExecutive Director-CEO-MD
Pankaj GoelChief Financial Officer
Mr. RAJIV KUMAR ROHILLANon-Executive - Nominee Director
Mr. PRAKASH MHASKENon-Executive - Independent Director
Mrs. MINI IPENon-Executive - Independent Director
Mr. MASOOD AKHTAR ANSARINon-Executive - Nominee Director
Mr. UMESH KUMAR NANDNon-Executive - Nominee Director
Rajiv MaheshwariCompany Secretary & Compliance Officer

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

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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.

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Fund holders

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

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

2.04%

of the company's equity

All mutual funds

5.05%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

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

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Documents

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

Announcements

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

26 announcementsExport CSV

2 Sept 2026, 3:48 pmAGM/EGM

Notice Of 27Th Annual General Meeting (AGM) Of PTC India Ltd. To Be Held On Wednesday, 30Th September 2026 At 12.30 PM Through Video Conferencing

AGM

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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%

Date	Category	Subject	Filing
2 Sept 2026, 3:48 pm	AGM/EGM AGM	Notice Of 27Th Annual General Meeting (AGM) Of PTC India Ltd. To Be Held On Wednesday, 30Th September 2026 At 12.30 PM Through Video Conferencing	PDF
2 Sept 2026, 3:43 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
1 Sept 2026, 2:30 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
27 Aug 2026, 4:39 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
19 Aug 2026, 2:27 pm	Company Update General	Announcement Under Regulation 30	PDF
18 Aug 2026, 5:59 pm	Corp. Action Record Date	Corporate Action- Fixes Record Date For Final Dividend	PDF
18 Aug 2026, 5:50 pm	AGM/EGM AGM	Intimation For 27Th Annual General Meeting And Record Date Of PTC India Limited (PTC)	PDF
10 Aug 2026, 6:21 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF

₹ 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%

Ptc India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

24

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Financing business · revenue

Ptc India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends24

Board meetings1

Other corporate actions1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Financing business · revenue

24

1

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