Ptc Industries Limited (PTCIL)

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Ptc Industries Limited (PTCIL) · mywealthgrid

About

Ptc Industries manufactures castings and forgings for industrial applications, with ₹28,575 Cr market cap. Standalone quarterly revenue ranges ₹51–₹125 Cr; consolidated operations bring it to ₹155–₹225 Cr, indicating significant earnings from subsidiaries. Positioned as mid-sized industrial products player dependent on manufacturing and infrastructure capital cycles.

Face value: ₹10

Market cap

₹33,038 Cr

P/E

263.1×

P/B

21.9×

Dividend yield

ROE

ROCE

8.6%

Debt / equity

0.17

OPM

21.9%

EPS (TTM)

₹83.8

Book value

₹1,005.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme PE of 281.36 implies market pricing substantial future earnings growth; verify if recent results or guidance support this valuation or if multiple contracts unsustainable growth assumptions
Standalone revenue swings sharp: ₹51 Cr (Jun 2025) to ₹125 Cr (Sep 2025) to ₹68 Cr (Dec 2025); quarter-to-quarter volatility signals lumpy orders, customer concentration, or demand cyclicality
Consolidated revenue (₹225 Cr Mar 2026) is 2.3× standalone (₹96 Cr) yet consolidated OPM spans 32% to 9%; verify what drives subsidiary performance inconsistency and sustainability
ROE 7.02% is low for capital-intensive industrial casting; assess whether capital deployment is constrained structurally or temporarily

Generated analysis · source review pending

Growth drivers

Consolidated operations represent ₹155–₹225 Cr quarterly revenue (2–2.3× standalone), indicating material revenue base that could drive earnings growth if subsidiary margins improve
Standalone operating margin hit 20.65% in Q2 FY26 (Sep 2025), showing profitability potential at certain operating volumes; sustained margins at this level could unlock earnings without volume expansion
Low debt (D/E 0.17) provides balance-sheet capacity for capex, working-capital expansion, or acquisitions within capital-intensive sector
Stock gained 27.38% over 12 months; verify if market visibility into order pipeline or margin trajectory supports near-term performance

Generated analysis · source review pending

2,167 historical price candles were omitted because the exchange source has not been verified.

₹22,025.0-2.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.9%
+Profit CAGR of 87.8% over the last 5 years
+Revenue CAGR of 29.8% over the last 5 years
+Comfortable interest coverage of 15.7×

Cons

−Low return on equity of 7.3% (3-yr avg)
−Expensive at 263.1× trailing earnings
−Trading at 21.9× book value

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 54
Growth: 100

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 SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 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
Aia Engineering LimitedAIAENGAIAENG	₹35,682 Cr	₹35,682 Cr	₹4,549 Cr	₹1,258 Cr	28.4%	₹1,266 Cr	28.7%	21.3%	17%	320
Ptc Industries LimitedPTCILPTCIL	₹33,038 Cr	₹33,299 Cr	₹697 Cr	₹172 Cr	21.9%	₹126 Cr	16.9%	8.6%	7%	970
Happy Forgings LimitedHAPPYFORGEHAPPYFORGE	₹18,915 Cr	₹19,245 Cr	₹1,642 Cr	₹510 Cr	30.4%	₹327 Cr	19.5%	20.3%	15.2%	193
Balu Forge Industries LimitedBALUFORGEBALUFORGE	₹5,623 Cr	₹5,750 Cr	₹1,175 Cr	₹312 Cr	27.1%	₹268 Cr	23.4%	23.9%	19.6%	182
Steelcast LimitedSTEELCASSTEELCAS	₹3,607 Cr	₹3,607 Cr	₹441 Cr	₹119 Cr	27%	₹91 Cr	20.5%	31.3%	24.1%	158
Amic Forging LtdAMICAMIC	₹2,673 Cr	—	₹142 Cr	₹43 Cr	30.2%	₹28 Cr	20%	—	—	—
Investment & Precision Castings LimitedINVPRECQINVPRECQ	₹1,595 Cr	—	₹188 Cr	₹31 Cr	16.4%	₹12 Cr	6.3%	—	—	—
Nelcast LimitedNELCASTNELCAST	₹1,053 Cr	₹1,310 Cr	₹1,338 Cr	₹98 Cr	8.3%	₹41 Cr	3.7%	14.3%	8.4%	51
Synergy Green Industries LimitedSGILSGIL	₹951 Cr	₹1,202 Cr	₹366 Cr	₹39 Cr	10.7%	₹5 Cr	1.3%	10.8%	4.2%	44
Neetu Yoshi LtdNEETUYOSHINEETUYOSHI	₹927 Cr	₹931 Cr	₹98 Cr	₹31 Cr	31.1%	₹13 Cr	25.4%	33.4%	27.5%	152
Magna Electro Castings LtdMAGNAELQMAGNAELQ	₹546 Cr	₹560 Cr	₹176 Cr	₹34 Cr	16.9%	₹23 Cr	9.4%	17.4%	13.5%	—
Kalyani Forge LimitedKALYANIFRGKALYANIFRG	₹340 Cr	₹446 Cr	₹237 Cr	₹33 Cr	11.9%	₹12 Cr	4%	17.7%	10.1%	185

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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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	163	179	219	257	308	603
COGS	41	43	54	62	53	106
Gross profit	122	136	165	195	255	497
	87	94	106	122	179	365
	35	42	59	73	75	132
OPM %	21.4%	23.5%	26.7%	28.3%	24.4%	21.9%
Depreciation	14	15	17	17	21	37
Interest	13	15	16	15	9	9
	5	5	7	13	33	41
Profit before tax	12	17	34	54	78	127
Tax	8	4	8	12	17	25
Tax %	64.6%	24.7%	23.3%	22%	22.1%	20%
	4	13	26	42	61	102
PAT margin %	2.7%	7.2%	11.8%	16.4%	19.8%	16.9%
EPS (₹)	—	—	—	30.8	41.4	67.8
EPS adjusted (₹)	8.3	24.5	19.3	29.2	40.7	67.8
Annual report	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	5	5	5	13	14	15	15
Reserves	—	150	163	293	631	1,372	1,492
	—	181	196	177	182	61	261
	—	61	61	70	68	136	188
Total equity & liabilities	—	397	426	553	896	1,584	1,956
	210	209	235	226	231	448	643
CWIP	—	37	23	67	159	185	311
Investments	—	2	2	2	2	5	4
	—	149	166	258	504	947	998
Total assets	—	397	426	553	896	1,584	1,956

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	74.9%	75.9%	75.2%	76%	82.7%	82.4%
EBITDA margin %	21.4%	23.5%	26.7%	28.3%	24.4%	21.9%
EBIT margin %	12.6%	15.4%	19.1%	21.8%	17.5%	15.8%
PAT margin %	2.7%	7.2%	11.8%	16.4%	19.8%	16.9%
Working capital
Receivable days	141	125	109	158	170	166
Inventory days	465	549	521	440	1,423	1,030
Payable days	240	159	141	91	333	225
NWC days	367	516	490	507	1,261	970
Leverage
Current ratio	1.12	1.11	1.6	2.91	6.77	3.44
Debt to EBITDA	5.19	4.66	3.01	2.5	0.81	1.98
Debt to equity	1.17	1.16	0.58	0.28	0.04	0.17
Interest coverage	1.9	2.2	3.1	4.6	9.9	15.7
Asset turnover	0.41	0.42	0.4	0.29	0.19	0.31
Return ratios
Return on assets %	1.1%	3%	4.7%	4.7%	3.9%	5.2%
Return on capital employed %	9.4%	12%	13.8%	11.7%	8%	8.6%
Return on equity %	2.8%	7.6%	8.4%	6.5%	4.4%	6.7%

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
	67.03%	66.96%	62.95%	62.88%	59.8%	59.75%	59.75%	59.75%	59.75%	59.72%	59.72%	59.72%
	1.72%	1.75%	3.82%	3.35%	4.53%	3.37%	3.07%	3.39%	3.41%	3.86%	3.96%	3.95%
	0.32%	0.46%	0.74%	1.55%	4.94%	6.49%	7.59%	7.72%	8.51%	8.44%	9.2%	9.35%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.93%	30.83%	32.49%	32.22%	30.73%	30.39%	29.59%	29.14%	28.33%	27.98%	27.12%	26.98%
No. of shareholders	—	—	—	—	—	—	—	—	22,554	23,826	23,581	26,540

Promoter holding down 7.31 percentage points since Sep 2023.

Mr. SACHIN AGARWALExecutive Director-Chairperson-MD
Mr. ALOK AGARWALExecutive Director
Mr. PRIYA RANJAN AGARWALExecutive Director
Mrs. SMITA AGARWALExecutive Director
Mr. VISHAL MEHROTRANon-Executive - Independent Director
Mrs. PRASHUKA JAINNon-Executive - Independent Director
Mr. KAMESH GUPTANon-Executive - Independent Director
Mr. RAKESH SHUKLANon-Executive - Independent Director
Ms. Pragati Gupta AgrawalCompany 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 10 fund houses

Held by these funds

4.61%

of the company's equity

All mutual funds

6.9%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

33 schemes · 10 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	4.26 L	943.03	4.68%	2.843%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.15 L	254.71	4.96%	0.768%	-0
(LIVE SCHEMES)	ITI Mutual Fund	24,416	53.99	1.5%	0.163%	+940
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	23,247	51.41	2.81%	0.155%	-0
Business Cycles Fund	Axis Mutual Fund	20,421	45.16	2.08%	0.136%	+1,778
Innovation Fund	Axis Mutual Fund	13,508	29.87	2.19%	0.09%	-0
TRUSTMF Small Cap FundNEW	Trust Mutual Fund	13,456	29.76	0.87%	0.09%	—
(LIVE SCHEMES)	ITI Mutual Fund	11,407	25.23	1.59%	0.076%	+401

1–8 of 33

1 / 5

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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.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

30 Sept 2026, 10:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 10:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

30 Sept 2026, 7:19 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

13 Sept 2026, 3:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 10:01 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

8 Sept 2026, 9:55 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

8 Sept 2026, 9:53 pmAGM/EGM

Notice Convening 63Rd Annual General Meeting Of The Company Along With The Annual Report For The Financial Year 2025-26

AGM PDF

5 Sept 2026, 4:48 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Of PTC Industries Limited Held On September 05, 2026

Outcome without intimation PDF

Date	Category	Subject	Filing
30 Sept 2026, 10:19 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 10:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	74.9%	75.9%	75.2%	76%	82.7%	82.4%
EBITDA margin %	21.4%	23.5%	26.7%	28.3%	24.4%	21.9%
EBIT margin %	12.6%	15.4%	19.1%	21.8%	17.5%	15.8%
PAT margin %	2.7%	7.2%	11.8%	16.4%	19.8%	16.9%
Working capital
Receivable days	141	125	109	158	170	166
Inventory days	465	549	521	440	1,423	1,030
Payable days	240	159	141	91	333	225
NWC days	367	516	490	507	1,261	970
Leverage
Current ratio	1.12	1.11	1.6	2.91	6.77	3.44
Debt to EBITDA	5.19	4.66	3.01	2.5	0.81	1.98
Debt to equity	1.17	1.16	0.58	0.28	0.04	0.17
Interest coverage	1.9	2.2	3.1	4.6	9.9	15.7
Asset turnover	0.41	0.42	0.4	0.29	0.19	0.31
Return ratios
Return on assets %	1.1%	3%	4.7%	4.7%	3.9%	5.2%
Return on capital employed %	9.4%	12%	13.8%	11.7%	8%	8.6%
Return on equity %	2.8%	7.6%	8.4%	6.5%	4.4%	6.7%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	25	47	-96	14	-69
	-20	-28	-116	-60	-502	-271
	17	3	74	284	544	185
Net cash flow	1	-1	6	127	55	-155
Free cash flow	-22	-3	-49	-213	-176	-386
CFO / Operating profit %	11.8%	59%	79.8%	-132.5%	18.1%	-52.1%

Ptc Industries 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

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Ptc Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

Board meetings1

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1