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Nifty
Sensex

:
:

24286.50
79986.80

162.65 (0.67%)
545.35 (0.69%)

Pitti Engineering Ltd.

Engineering

Rating :

73/99

BSE: 513519 | NSE: PITTIENG

Watchlist

NSE BSE

1099.85

03-Jul-2024

Open
High
Low
Previous Close

1047.75
1108.00
1039.95
1039.95

Volume
Traded Value (lacs)
52 Week High
52 Week Low

277951
2993.98
1108.00
364.50

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,527.11
36.99
5

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,954.35
0.14%
8.02

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

16.07
12.07
28.53

EBITDA CAGR (%)

10 Years
5 Years
3 Years

16.56
10.94
14.17

PAT CAGR (%)

10 Years
5 Years
3 Years

30.18
19.92
26.94

P:E (Median)

8 Years
5 Years
3 Years

19.22
19.54
19.54

P:BV (Average)

8 Years
5 Years
3 Years

3.90
4.24
4.24

EV:EBITDA (Average)

8 Years
5 Years
3 Years

8.96
9.78
9.78

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 24 Mar 23 Var% Dec 23 Dec 22 Var% Sep 23 Sep 22 Var% Jun 23 Jun 22 Var%
Net Sales 327.88 247.50 32.48% 293.64 237.96 23.40% 290.29 304.17 -4.56% 289.79 310.54 -6.68%
Expenses 279.24 206.94 34.94% 249.55 199.14 25.31% 247.73 267.62 -7.43% 247.36 275.08 -10.08%
EBITDA 48.64 40.56 19.92% 44.09 38.82 13.58% 42.56 36.55 16.44% 42.43 35.46 19.66%
EBIDTM 14.84% 16.39% 15.01% 16.31% 14.66% 12.02% 14.64% 11.42%
Other Income 31.44 15.81 98.86% 3.28 1.12 192.86% 12.56 0.37 3,294.59% 0.93 0.52 78.85%
Interest 13.64 9.93 37.36% 13.54 11.99 12.93% 11.20 12.03 -6.90% 11.61 10.70 8.50%
Depreciation 14.02 12.76 9.87% 14.56 11.00 32.36% 12.28 10.61 15.74% 13.16 10.28 28.02%
PBT 52.42 33.68 55.64% 19.27 16.95 13.69% 31.64 14.27 121.72% 18.59 14.99 24.02%
Tax 12.06 8.85 36.27% 5.95 4.82 23.44% 9.09 4.12 120.63% 4.62 3.29 40.43%
PAT 40.36 24.84 62.48% 13.32 12.13 9.81% 22.55 10.16 121.95% 13.97 11.71 19.30%
PATM 12.31% 10.04% 4.54% 5.10% 7.77% 3.34% 4.82% 3.77%
EPS 12.57 7.74 62.40% 4.15 3.78 9.79% 7.03 3.16 122.47% 4.35 3.65 19.18%

Description Mar 24 Mar 23 Var% Dec 23 Dec 22 Var% Sep 23 Sep 22 Var% Jun 23 Jun 22 Var%
Net Sales 327.88 247.50 32.48% 293.64 237.96 23.40% 290.29 304.17 -4.56% 289.79 310.54 -6.68%
Expenses 279.24 206.94 34.94% 249.55 199.14 25.31% 247.73 267.62 -7.43% 247.36 275.08 -10.08%
EBITDA 48.64 40.56 19.92% 44.09 38.82 13.58% 42.56 36.55 16.44% 42.43 35.46 19.66%
EBIDTM 14.83% 16.39% 15.01% 16.31% 14.66% 12.02% 14.64% 11.42%
Other Income 31.44 15.81 98.86% 3.28 1.12 192.86% 12.56 0.38 3,205.26% 0.93 0.52 78.85%
Interest 13.64 9.93 37.36% 13.54 11.99 12.93% 11.20 12.03 -6.90% 11.61 10.70 8.50%
Depreciation 14.02 12.76 9.87% 14.56 11.00 32.36% 12.28 10.61 15.74% 13.16 10.28 28.02%
PBT 52.41 33.68 55.61% 19.27 16.95 13.69% 31.64 14.29 121.41% 18.58 14.98 24.03%
Tax 12.06 8.85 36.27% 5.95 4.81 23.70% 9.09 4.12 120.63% 4.62 3.29 40.43%
PAT 40.36 24.83 62.55% 13.32 12.13 9.81% 22.55 10.17 121.73% 13.96 11.70 19.32%
PATM 12.31% 10.03% 4.54% 5.10% 7.77% 3.34% 4.82% 3.77%
EPS 12.59 7.75 62.45% 4.15 3.79 9.50% 7.03 3.17 121.77% 4.36 3.65 19.45%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Net Sales 1,201.60 1,100.17 953.82 518.17 525.06 622.21 378.79 285.90 311.49 341.04 247.83 Net Sales Growth 9.22% 15.34% 84.07% -1.31% -15.61% 64.26% 32.49% -8.22% -8.66% 37.61% Cost Of Goods Sold 805.92 782.31 678.15 335.27 344.61 428.95 246.78 176.13 203.23 223.27 152.72 Gross Profit 395.68 317.86 275.67 182.90 180.45 193.26 132.01 109.77 108.25 117.77 95.11 GP Margin 32.93% 28.89% 28.90% 35.30% 34.37% 31.06% 34.85% 38.39% 34.75% 34.53% 38.38% Total Expenditure 1,023.88 948.79 821.80 440.12 447.35 532.12 324.31 252.36 292.46 300.52 215.12 Power & Fuel Cost - 10.56 7.93 6.20 6.31 4.36 3.83 3.27 3.42 3.36 3.16 % Of Sales - 0.96% 0.83% 1.20% 1.20% 0.70% 1.01% 1.14% 1.10% 0.99% 1.28% Employee Cost - 84.70 76.54 54.17 53.17 50.76 34.69 32.01 39.43 29.26 23.67 % Of Sales - 7.70% 8.02% 10.45% 10.13% 8.16% 9.16% 11.20% 12.66% 8.58% 9.55% Manufacturing Exp. - 21.22 19.27 12.82 14.35 12.53 9.75 9.56 11.98 11.29 10.79 % Of Sales - 1.93% 2.02% 2.47% 2.73% 2.01% 2.57% 3.34% 3.85% 3.31% 4.35% General & Admin Exp. - 29.15 24.00 19.31 19.16 22.13 17.87 16.87 18.80 18.94 14.04 % Of Sales - 2.65% 2.52% 3.73% 3.65% 3.56% 4.72% 5.90% 6.04% 5.55% 5.67% Selling & Distn. Exp. - 11.13 9.70 7.24 6.22 6.19 5.85 10.07 11.48 10.57 7.92 % Of Sales - 1.01% 1.02% 1.40% 1.18% 0.99% 1.54% 3.52% 3.69% 3.10% 3.20% Miscellaneous Exp. - 9.72 6.21 5.11 3.52 7.19 5.54 4.45 4.11 3.82 7.92 % Of Sales - 0.88% 0.65% 0.99% 0.67% 1.16% 1.46% 1.56% 1.32% 1.12% 1.15% EBITDA 177.72 151.38 132.02 78.05 77.71 90.09 54.48 33.54 19.03 40.52 32.71 EBITDA Margin 14.79% 13.76% 13.84% 15.06% 14.80% 14.48% 14.38% 11.73% 6.11% 11.88% 13.20% Other Income 48.21 17.82 17.05 20.50 3.67 2.27 2.94 5.13 2.01 1.70 1.96 Interest 49.99 44.66 39.60 29.60 34.12 29.61 23.48 17.38 17.03 11.27 19.15 Depreciation 54.02 44.65 38.87 30.38 27.42 22.41 17.63 16.17 15.42 15.84 8.75 PBT 121.92 79.90 70.60 38.57 19.86 40.34 16.31 5.12 -11.42 15.12 6.77 Tax 31.72 21.07 18.70 9.79 2.76 16.62 5.04 0.81 -1.86 5.80 2.57 Tax Rate 26.02% 26.37% 26.49% 25.38% 13.90% 41.20% 30.90% 15.82% 16.29% 38.36% 37.96% PAT 90.20 58.83 51.90 28.78 17.09 23.72 11.28 4.31 -9.56 9.33 4.21 PAT before Minority Interest 90.20 58.83 51.90 28.78 17.09 23.72 11.28 4.31 -9.56 9.33 4.21 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 7.51% 5.35% 5.44% 5.55% 3.25% 3.81% 2.98% 1.51% -3.07% 2.74% 1.70% PAT Growth 53.30% 13.35% 80.33% 68.40% -27.95% 110.28% 161.72% - - 121.62% EPS 28.10 18.33 16.17 8.97 5.32 7.39 3.51 1.34 -2.98 2.91 1.31

Description TTM Mar 23 Mar 22 Mar 21
Net Sales 1,201.60 1,100.17 953.82 518.17 Net Sales Growth 9.22% 15.34% 84.07% Cost Of Goods Sold 805.92 782.31 678.15 335.27 Gross Profit 395.68 317.86 275.67 182.90 GP Margin 32.93% 28.89% 28.90% 35.30% Total Expenditure 1,023.88 948.79 821.81 440.12 Power & Fuel Cost - 10.56 7.93 6.20 % Of Sales - 0.96% 0.83% 1.20% Employee Cost - 84.70 76.54 54.17 % Of Sales - 7.70% 8.02% 10.45% Manufacturing Exp. - 21.22 19.27 12.82 % Of Sales - 1.93% 2.02% 2.47% General & Admin Exp. - 29.15 24.01 19.31 % Of Sales - 2.65% 2.52% 3.73% Selling & Distn. Exp. - 11.13 9.70 7.24 % Of Sales - 1.01% 1.02% 1.40% Miscellaneous Exp. - 9.72 6.21 5.11 % Of Sales - 0.88% 0.65% 0.99% EBITDA 177.72 151.38 132.01 78.05 EBITDA Margin 14.79% 13.76% 13.84% 15.06% Other Income 48.21 17.83 17.04 20.49 Interest 49.99 44.65 39.60 29.61 Depreciation 54.02 44.65 38.88 30.39 PBT 121.90 79.91 70.57 38.54 Tax 31.72 21.07 18.70 9.79 Tax Rate 26.02% 26.37% 26.50% 25.40% PAT 90.19 58.83 51.87 28.76 PAT before Minority Interest 90.19 58.83 51.87 28.76 Minority Interest 0.00 0.00 0.00 0.00 PAT Margin 7.51% 5.35% 5.44% 5.55% PAT Growth 53.31% 13.42% 80.35% EPS 28.10 18.33 16.16 8.96

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Shareholder's Funds 334.09 283.97 235.81 207.80 175.96 154.56 112.42 106.95 117.25 111.57 Share Capital 16.03 16.03 16.03 16.03 14.92 14.92 13.50 13.50 13.50 13.50 Total Reserves 318.06 267.94 219.79 191.77 156.05 134.65 98.92 93.46 103.76 98.07 Non-Current Liabilities 192.60 179.87 122.84 99.93 110.81 104.60 63.01 30.77 32.79 29.10 Secured Loans 96.78 85.09 25.47 33.86 50.20 62.36 17.52 23.25 23.72 18.32 Unsecured Loans 25.10 25.10 25.10 10.00 25.40 26.32 39.59 2.82 2.82 2.82 Long Term Provisions 8.17 7.80 6.85 28.14 4.36 5.21 1.09 0.75 0.44 0.71 Current Liabilities 451.32 492.61 342.42 288.36 297.28 289.81 234.59 224.18 217.59 167.84 Trade Payables 251.30 220.22 105.29 96.71 103.62 108.08 105.61 66.58 84.98 56.73 Other Current Liabilities 50.58 69.17 39.12 25.41 30.73 28.88 17.43 15.01 11.97 12.43 Short Term Borrowings 142.79 183.82 184.79 156.62 152.24 147.66 108.86 140.95 109.87 94.09 Short Term Provisions 6.64 19.40 13.23 9.62 10.69 5.19 2.69 1.64 10.77 4.58 Total Liabilities 978.01 956.45 701.07 596.09 584.05 548.97 410.02 361.90 367.63 308.51 Net Block 362.36 324.51 284.86 247.30 230.07 203.97 93.53 76.30 86.99 87.35 Gross Block 615.64 538.25 460.67 399.82 355.63 317.49 190.76 163.20 158.85 143.25 Accumulated Depreciation 253.28 213.74 175.81 152.52 125.56 113.52 97.22 86.90 71.86 55.90 Non Current Assets 435.79 368.71 315.19 277.78 256.04 235.25 163.51 106.33 114.72 97.95 Capital Work in Progress 24.06 0.61 1.14 8.26 4.60 9.34 31.43 11.70 9.55 5.85 Non Current Investment 15.20 16.46 16.46 16.41 16.41 17.35 17.35 16.41 16.41 4.08 Long Term Loans & Adv. 23.75 23.09 7.47 3.77 4.96 4.59 21.19 1.93 1.77 0.67 Other Non Current Assets 8.52 1.99 5.26 2.04 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 542.21 587.74 385.89 318.31 328.01 313.72 246.52 255.58 252.91 210.56 Current Investments 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.00 0.00 0.00 Inventories 239.31 272.29 157.22 126.50 100.27 129.16 126.55 117.57 105.93 96.79 Sundry Debtors 181.45 204.26 171.77 139.38 182.49 136.92 89.86 111.96 102.58 64.22 Cash & Bank 65.17 35.03 8.91 14.86 13.96 13.52 11.02 18.23 15.29 9.47 Other Current Assets 56.28 34.77 26.53 9.30 31.26 34.10 19.08 7.81 29.11 40.08 Short Term Loans & Adv. 34.10 41.38 21.44 28.27 22.39 26.07 12.99 3.86 23.54 38.09 Net Current Assets 90.89 95.13 43.47 29.95 30.73 23.92 11.92 31.40 35.32 42.72 Total Assets 978.00 956.45 701.08 596.09 584.05 548.97 410.03 361.91 367.63 308.51

Description Mar 23 Mar 22 Mar 21
Shareholder's Funds 334.04 283.92 235.79 Share Capital 16.03 16.03 16.03 Total Reserves 318.01 267.89 219.76 Non-Current Liabilities 192.60 180.03 123.02 Secured Loans 96.78 85.09 25.47 Unsecured Loans 25.10 25.10 25.10 Long Term Provisions 8.17 7.80 6.85 Current Liabilities 451.32 492.62 342.42 Trade Payables 251.30 220.22 105.29 Other Current Liabilities 50.58 69.19 39.12 Short Term Borrowings 142.79 183.82 184.79 Short Term Provisions 6.64 19.40 13.23 Total Liabilities 977.96 956.57 701.23 Net Block 362.36 324.68 285.03 Gross Block 615.64 538.43 460.85 Accumulated Depreciation 253.28 213.76 175.82 Non Current Assets 435.74 368.82 315.31 Capital Work in Progress 24.06 0.61 1.14 Non Current Investment 15.15 16.41 16.41 Long Term Loans & Adv. 23.75 23.09 7.47 Other Non Current Assets 8.52 2.00 5.27 Current Assets 542.21 587.75 385.92 Current Investments 0.01 0.01 0.01 Inventories 239.31 272.29 157.22 Sundry Debtors 181.45 204.26 171.77 Cash & Bank 65.17 35.04 8.94 Other Current Assets 56.28 34.77 26.53 Short Term Loans & Adv. 34.10 41.38 21.44 Net Current Assets 90.89 95.13 43.50 Total Assets 977.95 956.57 701.23

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Cash From Operating Activity 222.17 87.93 34.25 68.90 70.64 28.45 72.89 -7.07 44.99 33.77 PBT 79.90 70.60 38.57 19.86 40.34 16.31 5.12 -11.42 15.12 6.77 Adjustment 88.20 76.04 54.64 62.90 51.94 43.68 30.33 32.46 27.12 27.95 Changes in Working Capital 88.60 -40.78 -53.20 -3.94 -16.94 -30.44 37.86 -23.62 5.76 4.28 Cash after chg. in Working capital 256.70 105.86 40.00 78.82 75.33 29.55 73.31 -2.57 48.00 39.00 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -34.53 -17.93 -5.75 -9.92 -4.69 -1.10 -0.41 -4.50 -3.01 -5.23 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -103.71 -92.78 -66.27 -45.59 -46.47 -112.86 -56.35 -7.42 -19.63 -16.96 Net Fixed Assets -100.84 -77.05 -53.73 -47.85 -33.40 -104.64 -47.29 -6.50 -19.30 -16.54 Net Investments 1.26 0.00 -0.05 0.01 0.94 0.00 -0.96 0.00 -12.33 0.00 Others -4.13 -15.73 -12.49 2.25 -14.01 -8.22 -8.10 -0.92 12.00 -0.42 Cash from Financing Activity -86.39 12.23 28.24 -20.60 -26.17 85.55 -20.07 14.43 -19.53 -13.66 Net Cash Inflow / Outflow 32.07 7.38 -3.78 2.70 -2.00 1.14 -3.54 -0.07 5.82 3.16 Opening Cash & Equivalents 7.63 0.25 4.12 1.42 3.42 2.28 5.82 0.42 9.47 6.31 Closing Cash & Equivalent 39.70 7.63 0.34 4.12 1.42 3.42 2.28 0.35 15.29 9.47

Description Mar 23 Mar 22 Mar 21
Cash From Operating Activity 222.16 87.91 31.71 PBT 79.91 70.57 38.54 Adjustment 88.18 76.05 54.70 Changes in Working Capital 88.60 -40.78 -55.78 Cash after chg. in Working capital 256.69 105.84 37.46 Interest Paid 0.00 0.00 0.00 Tax Paid -34.53 -17.93 -5.75 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -103.53 -92.78 -66.45 Net Fixed Assets -100.84 -77.05 Net Investments 1.26 0.00 Others -3.95 -15.73 Cash from Financing Activity -86.57 12.23 28.40 Net Cash Inflow / Outflow 32.06 7.36 -6.34 Opening Cash & Equivalents 7.64 0.28 6.70 Closing Cash & Equivalent 39.70 7.64 0.37

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Book Value (Rs.) 104.24 88.60 73.58 64.84 57.32 50.14 41.66 39.64 43.45 41.35 ROA 6.08% 6.26% 4.44% 2.90% 4.19% 2.35% 1.12% -2.62% 2.76% 1.33% ROE 19.04% 19.97% 12.97% 9.03% 14.80% 8.61% 3.93% -8.53% 8.15% 3.81% ROCE 20.21% 20.08% 14.89% 12.72% 16.82% 11.33% 7.83% 2.07% 10.72% 10.56% Fixed Asset Turnover 2.16 2.16 1.34 1.55 2.05 1.72 1.81 2.05 2.41 1.95 Receivable days 56.50 63.67 98.52 100.65 84.51 94.93 115.06 118.71 83.58 103.94 Inventory Days 74.94 72.72 89.84 70.91 60.70 107.05 139.17 123.66 101.57 134.38 Payable days 110.00 87.60 109.96 81.26 76.80 119.96 124.70 89.74 86.36 85.26 Cash Conversion Cycle 21.44 48.79 78.40 90.31 68.41 82.03 129.53 152.64 98.79 153.06 Total Debt/Equity 0.87 1.14 1.08 1.05 1.44 1.71 1.61 1.63 1.22 1.08 Interest Cover 2.79 2.78 2.30 1.58 2.36 1.69 1.29 0.33 2.34 1.35

Description Mar 23 Mar 22 Mar 21
Book Value (Rs.) 104.22 88.58 73.57 ROA 6.08% 6.26% 4.10% ROE 19.04% 19.96% 12.20% ROCE 20.22% 20.07% 13.92% Fixed Asset Turnover 2.16 2.16 1.25 Receivable days 56.50 63.67 108.78 Inventory Days 74.94 72.72 99.57 Payable days 110.00 87.60 114.62 Cash Conversion Cycle 21.44 48.79 93.72 Total Debt/Equity 0.87 1.14 1.08 Interest Cover 2.79 2.78 2.30

Top Investors:

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Annual Reports:

News Update:

Pitti Engineering gets nod to raise Rs 360 crore
16th May 2024, 11:19 AM

The Board of Directors of the company at its meeting held on May 15, 2024 has inter-alia approved the same
Read More
Pitti Engineering - Quarterly Results
15th May 2024, 17:26 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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