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PTC Industries Ltd

₹ 17,718-0.85%
07 Jan 4:01 p.m. – close price
🔗ptcil.com•BSE: 539006•NSE: PTCIL
Market Cap₹ 26,578 Cr.
Current Price₹ 17,718
High / Low₹ 19,440
Stock P/E672
Book Value₹ 899
Dividend Yield0.00 %
ROCE5.26 %
ROE3.59 %
Face Value₹ 10.0
Sales₹ 252 Cr.
OPM13.7 %
Mar Cap₹ 26,578 Cr.

ABOUT

PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc.[1]{# https://www.bseindia.com/bseplus/AnnualReport/539006/72682539006.pdf#page.20000

KEY POINTS

ProductsPTC is a leading Indian manufacturer of precision metal components for critical applications. It manufactures stainless steel, duplex, super duplex, nickel, cobalt alloys, non-alloy steel castings solutions, machined components, and fabricated parts catering to the Oil & Gas, Aerospace, Marine, Pulp & Paper, Petrochemical, and Energy industries. It uses various indigenously developed technologies like Centrifugal Castings, Replicast, RapidCast, ForgeCAST, and Titanium Powder for casting. Its WOS Aerolloy Technologies (ATL) manufactures titanium and superalloy castings for aerospace and defense applications across the globe[1][2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsLarge Order ReceiptsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.HBL Engineering959.7540.2626612.210.10387.26364.851222.90134.7427.332750.8133.04661.00405.0213.4015.290.04
2.PTC Industries17718.00672.0026577.700.008.16-9.9374.788.055.26251.8813.6639.558.1619.713.140.03
3.Inox India1141.1043.3910366.580.1860.8419.90358.2216.8537.981400.8721.71238.9359.3410.5715.350.10
4.Esab India6133.4551.339429.511.0679.2027.36381.5512.6770.031438.7817.54183.7254.9722.6629.150.01
5.Subros885.9535.995782.800.2940.7411.86879.836.2219.953487.529.15160.6940.744.998.460.02
6.KRN Heat Exchan742.0578.124612.330.0018.0246.39152.0766.9320.75510.3216.1859.0418.028.7312.410.06
7.Harsha Engg Intl396.2530.873604.450.2536.4425.83378.347.3112.141455.5412.84116.7736.442.756.530.24
–Median: 37 Co.289.529.79397.130.05.9819.0383.578.219.73224.1412.0815.965.983.219.190.21

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
56.7752.5258.3770.8146.0651.1859.1370.2367.5554.0453.0569.2174.78
Expenses
47.0440.9052.2854.4239.5145.7747.1161.5354.1138.1240.9858.5865.32
Operating Profit
9.7311.626.0916.396.555.4112.028.7013.4415.9212.0710.639.46
Other Income
4.202.9110.263.664.3211.082.394.8412.312.632.979.027.24
Profit before tax
5.856.1710.9712.413.7511.047.146.1320.519.917.2912.2010.94
Tax %
24.62%25.93%25.80%25.46%26.13%25.91%21.71%26.26%26.52%25.53%24.97%25.66%25.41%
Net Profit
4.414.578.139.262.788.185.594.5315.087.375.489.068.16
EPS in Rs
3.303.375.436.921.935.464.183.1410.065.634.096.055.45

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1191019699101151168163179216247241252
Expenses
9983838486127140128142168198204217
Operating Profit
20181315152428353748493734
Other Income
1-0323475511143641
Interest
533349111315151584
Depreciation
46566910141516161718
Profit before tax
119888914121327324753
Net Profit
66667111141020243540
EPS in Rs
5.734.954.694.595.688.348.023.357.2515.0216.5023.3826.40
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:16%
5 Years:27%
3 Years:49%
TTM:89%

Compounded Sales Growth

10 Years:9%
5 Years:7%
3 Years:10%
TTM:6%

Return on Equity

10 Years:5%
5 Years:5%
3 Years:5%
Last Year:4%

Stock Price CAGR

10 Years:69%
5 Years:122%
3 Years:89%
1 Year:4%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
45555555513141515
Reserves
651091151171241351451501602846041,3151,332
Borrowings
6925601211401431511761911391431346
Other Liabilities
27212332405753615866596475
Total Liabilities
1651602022753093403543934155038201,4071,468
Fixed Assets
4843444962130212211234226212231230
Gross Block
82.7582.8289.4698.66116.88193.51283.48296.52335.14341.66342.30375.25–
Accumulated Depreciation
34.6839.8245.1549.8555.1963.8271.3185.51100.91116.05129.98144.02–
CWIP
183566135153971929629432937
Investments
000000082265189593768
Other Assets
9982929295114123144153184376554433
Total Assets
1651602022753093403543934155038201,4071,468

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
27131412153018524551645
Cash from Investing Activity
-21-9-45-68-27-18-16-17-28-92-174-566
Cash from Financing Activity
-4-6315612-8-612342286540
Net Cash Flow
2-2-0004-4-0-0512819

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
9711511810012110695141125106148143
Inventory Days
274430529598508394520465444366249353
Days Payable
831101451352323142732401301085769
Cash Conversion Cycle
289435502563397186343367440364340427
Working Capital Days
10813010954-3-2210241953116226
ROCE %
13%9%7%5%5%7%9%8%9%11%8%5%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
67.93%67.93%67.93%67.03%66.96%62.95%62.88%59.81%59.75%59.75%59.75%59.75%
FIIs
0.00%0.00%0.00%1.72%1.75%3.82%3.35%4.53%3.37%3.07%3.39%3.41%
DIIs
0.00%0.00%0.24%0.32%0.46%0.44%1.25%4.64%6.50%7.60%7.73%8.51%
Public
32.07%32.07%31.83%30.92%30.83%32.79%32.52%31.02%30.37%29.60%29.14%28.32%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

PTC Industries Files SEBI Compliance Certificate on Dematerialisation

16th April 2026, 9:35 pm

PTC Industries' Subsidiary Completes Advanced Forging System Trials for Aerospace

31st March 2026, 9:46 pm

PTC Industries to Close Trading Window from April 1 Ahead of Financial Results

30th March 2026, 10:24 pm

PTC Industries inks five-year strategic collaboration with Coolbrook for clean tech development

10th March 2026, 3:01 pm

PTC Industries Announces Investor Meetings in Lucknow

5th March 2026, 3:04 pm

Published by Other Websites

External media mentions & references

ICICI Securities Eyes Defence Boom, HAL Leads Top Picks

30th March 2026, 4:15 pm

Defence Stocks Surge as India Defence Index Hits 7-Month High

6th March 2026, 12:41 pm

Omnitech Engineering Shares Tumble 11% Below IPO Price on Debut

5th March 2026, 12:15 pm

Defence Stocks Soar on ₹5,083 Cr Deals, US-Iran Tensions; Goldman Sachs Reveals Top Picks

4th March 2026, 8:48 am

India's Nuclear Boom: Agrawal vs. Kacholia in ₹2 Lakh Crore Race

22nd February 2026, 7:43 am

News Articles

Editorial & research coverage

India's Defence Sector Leans Global, GS Sees BTS Opportunity
India's Defence Sector Leans Global, GS Sees BTS Opportunity

12th February 2026, 12:53 pm

HAL Out of AMCA Race; Defence Bets on Private Sector Power
HAL Out of AMCA Race; Defence Bets on Private Sector Power

8th February 2026, 12:46 pm

Defence Stocks Tumble After Budget Despite Spending Hike
Defence Stocks Tumble After Budget Despite Spending Hike

2nd February 2026, 8:36 am

India's Submarine Push Fuels Defense Sector Rally
India's Submarine Push Fuels Defense Sector Rally

30th January 2026, 7:40 pm

ISRO Taps PTC Industries for Critical Titanium Alloys, Boosting India's Space Ambitions
ISRO Taps PTC Industries for Critical Titanium Alloys, Boosting India's Space Ambitions

7th January 2026, 3:03 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

2h - Analyst meet with Goldman Sachs on January 10, 2026 (virtual).

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

4h - Order to convert 40 tonnes Grade 1 sponge into Ti-6Al-4V Double-VAR aerospace ingots for VSSC; 1-year execution.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

4h - Received order from VSSC (ISRO) to convert 40 tonnes Grade 1 titanium into Ti-6Al-4V Double VAR ingots, one-year execution.

Closure of Trading Window

30 Dec - Trading window closed Jan 1, 2026 until 48 hours after Q3/9M Dec 31, 2025 results.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

5 Dec 2025 - Dec 4, 2025: Aerolloy signs long-term Honeywell deal to supply titanium and superalloy precision castings, ensuring multi-year revenue.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2000

(from bse)

Credit Ratings

Rating update

29 May 2025 from care

Rating update

13 Jan 2025 from icra

Rating update

2 Jan 2025 from care

Rating update

16 Sep 2024 from infomerics

Rating update

9 Aug 2024 from infomerics

Rating update

20 Oct 2023 from care

Concalls

Nov 2025

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Stock Analysis

Description

  1. PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine etc.

Key Growth Triggers

  1. Strategic Memorandum of Understanding (MoU) with Kineco Aerospace & Defence for joint development of advanced aerospace components.
  2. Collaboration with Safran Aircraft Engines for military aircraft engine components.
  3. Securing significant orders from BrahMos Aerospace (₹110 Crore for titanium castings) and Gas Turbine Research Establishment (GTRE), DRDO for critical turbine blades.
  4. Commissioning of advanced Vacuum Induction Melting (VIM) and Vacuum Arc Remelting (VAR) facilities by subsidiary Aerolloy Technologies, enhancing capabilities for superalloy and titanium castings.
  5. Acquisition of UK-based Trac Precision Solutions, expanding global footprint and end-to-end capabilities.
  6. Development and supply order from Blue Origin for large Superalloy investment castings for BE-4 engines.
  7. Long-term supply agreement with Honeywell Aerospace Technologies.
  8. Planned expansion of the investment casting facility in Mehsana, Gujarat.

Order Book

  1. Order book includes ₹110 Crore from BrahMos Aerospace for critical titanium castings, to be executed over 24 months.
  2. Significant purchase order from Gas Turbine Research Establishment (GTRE), DRDO for manufacturing Single Crystal ‘Ready-to-Fit’ Turbine Blades.
  3. Secured 40 tonnes of Ti-6Al-4V Titanium alloy ingots via Double VAR process from ISRO's VSSC.

Key Red Flags

  1. Negative consolidated operating cash flow for H1 FY26 (-₹4,085.20 lakhs).
  2. Stock trading at a high Price to Book value (19.7x).
  3. Low return on equity (ROE) of 3.59%.

Key Dates To Watch

  1. January 14-15, 2026: Institutional Investor Meetings in Hong Kong and Singapore.
  2. January 10, 2026: Virtual analyst meet with Goldman Sachs.
  3. January 1, 2026: Closure of trading window until 48 hours after Q3 FY26 results announcement.

Corporate Announcements

16th Apr 26
Impact Rating: 4
PTC Industries Limited has officially notified stock exchanges of its compliance with SEBI's dematerialisation regulations for the quarter ended March 31, 2026, with confirmation from its registrar, MUFG Intime India.
31st Mar 26
Impact Rating: 7
PTC Industries announced that its subsidiary, Aerolloy Technologies, has completed installation and successful trials of an advanced 4500/5100 Tonne Intelligent Open Die Forging System, enhancing its aerospace manufacturing capabilities.
30th Mar 26
Impact Rating: 5
PTC Industries will close its trading window for its promoters, directors, and designated persons from April 1, 2026. The window will reopen 48 hours after the company declares its financial results for the quarter and year ended March 31, 2026.
10th Mar 26
Impact Rating: 7
PTC Industries announced a five-year Memorandum of Understanding (MoU) between its subsidiary Trac Precision Solutions and Coolbrook Oy. This partnership focuses on manufacturing components for Coolbrook's RotoDynamic Heater™ technology, crucial for industrial electrification and reducing CO2 emissions in high-temperature sectors.
5th Mar 26
Impact Rating: 5
On March 11, 2026, PTC Industries will host investors and analysts at its Lucknow office for discussions based on publicly available information.