Nifty

:

23851.65

Sensex

:

78553.20

414.45 (1.77%)
1508.91 (1.96%)

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Nifty
Sensex

:
:

23851.65
78553.20

414.45 (1.77%)
1508.91 (1.96%)

Pitti Engineering Ltd.

Engineering

Rating :

N/A

BSE: 513519 | NSE: PITTIENG

Watchlist

NSE BSE

1096.95

06-Feb-2025

Open
High
Low
Previous Close

1105.95
1110.45
1084.00
1100.50

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

44013
482.75
1512.40
782.75

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,757.83
29.43
5

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,087.18
0.15%
4.17

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

13.42
18.01
8.00

EBITDA CAGR (%)

10 Years
5 Years
3 Years

15.93
17.99
6.13

PAT CAGR (%)

10 Years
5 Years
3 Years

25.47
39.47
20.25

P:E (Median)

8 Years
5 Years
3 Years

21.46
21.46
28.97

P:BV (Average)

8 Years
5 Years
3 Years

4.51
4.51
4.82

EV:EBITDA (Average)

8 Years
5 Years
3 Years

11.71
11.71
12.48

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 28.14 43.95 54.6 53.1
P/E Ratio 48.9 31.31 25.2 25.91
Revenue 1202 1859 2086 2108
EBITDA 178 276 318 327
Net Income 90 156 194 188
ROA 7.8 11.4 12.4 13.4
P/B Ratio 10.6 5.37 4.57 3.9
ROE 24.04 19.9 18.35 16.2
FCFF -189.48 -113 117 171
FCFF Yield -3.53 -2.1 2.18 3.18

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 363.71 301.89 20.48% 379.38 302.60 25.37% 350.87 289.79 21.08% 327.88 247.50 32.48%
Expenses 303.12 250.41 21.05% 319.89 258.04 23.97% 296.53 247.36 19.88% 279.24 206.94 34.94%
EBITDA 60.60 51.48 17.72% 59.49 44.56 33.51% 54.34 42.43 28.07% 48.64 40.56 19.92%
EBIDTM 16.66% 17.05% 15.68% 14.72% 15.49% 14.64% 14.84% 16.39%
Other Income 5.79 3.30 75.45% 25.59 12.70 101.50% 3.58 0.93 284.95% 31.44 15.81 98.86%
Interest 13.16 13.93 -5.53% 18.64 11.43 63.08% 16.39 11.61 41.17% 13.64 9.93 37.36%
Depreciation 20.08 15.70 27.90% 19.14 13.30 43.91% 14.99 13.16 13.91% 14.02 12.76 9.87%
PBT 33.14 25.16 31.72% 47.30 32.53 45.40% 26.54 18.59 42.76% 52.42 33.68 55.64%
Tax 8.85 9.45 -6.35% 13.25 10.52 25.95% 6.83 4.62 47.84% 12.06 8.85 36.27%
PAT 24.29 15.71 54.61% 34.05 22.01 54.70% 19.70 13.97 41.02% 40.36 24.84 62.48%
PATM 6.68% 5.20% 8.98% 7.27% 5.62% 4.82% 12.31% 10.04%
EPS 6.44 4.17 54.44% 9.03 5.84 54.62% 5.23 3.71 40.97% 10.71 6.59 62.52%

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 414.98 301.89 37.46% 429.36 302.60 41.89% 382.78 289.79 32.09% 327.88 247.50 32.48%
Expenses 348.03 250.41 38.98% 363.29 258.04 40.79% 326.43 247.36 31.97% 279.24 206.94 34.94%
EBITDA 66.95 51.48 30.05% 66.08 44.56 48.29% 56.35 42.43 32.81% 48.64 40.56 19.92%
EBIDTM 16.13% 17.05% 15.39% 14.72% 14.72% 14.64% 14.83% 16.39%
Other Income 6.02 3.30 82.42% 25.89 12.70 103.86% 3.93 0.93 322.58% 31.44 15.81 98.86%
Interest 13.21 13.93 -5.17% 18.69 11.43 63.52% 17.08 11.61 47.11% 13.64 9.93 37.36%
Depreciation 21.10 15.70 34.39% 20.10 13.30 51.13% 15.41 13.16 17.10% 14.02 12.76 9.87%
PBT 38.66 25.16 53.66% 53.17 32.53 63.45% 27.79 18.59 49.49% 52.41 33.68 55.61%
Tax 9.90 9.45 4.76% 15.15 10.52 44.01% 7.24 4.62 56.71% 12.06 8.85 36.27%
PAT 28.76 15.71 83.07% 38.02 22.01 72.74% 20.55 13.97 47.10% 40.36 24.83 62.55%
PATM 6.93% 5.20% 8.86% 7.27% 5.37% 4.82% 12.31% 10.03%
EPS 7.64 4.59 66.45% 10.10 6.43 57.08% 6.41 4.36 47.02% 12.59 7.75 62.45%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 1,421.84 1,201.60 1,100.17 953.82 518.17 525.06 622.21 378.79 285.90 311.49 341.04 Net Sales Growth 24.53% 9.22% 15.34% 84.07% -1.31% -15.61% 64.26% 32.49% -8.22% -8.66% Cost Of Goods Sold 873.40 805.91 782.31 678.15 335.27 344.61 428.95 246.78 176.13 203.23 223.27 Gross Profit 548.44 395.68 317.86 275.67 182.90 180.45 193.26 132.01 109.77 108.25 117.77 GP Margin 38.57% 32.93% 28.89% 28.90% 35.30% 34.37% 31.06% 34.85% 38.39% 34.75% 34.53% Total Expenditure 1,198.78 1,023.88 948.79 821.80 440.12 447.35 532.12 324.31 252.36 292.46 300.52 Power & Fuel Cost - 14.02 10.56 7.93 6.20 6.31 4.36 3.83 3.27 3.42 3.36 % Of Sales - 1.17% 0.96% 0.83% 1.20% 1.20% 0.70% 1.01% 1.14% 1.10% 0.99% Employee Cost - 106.24 86.53 76.54 54.17 53.17 50.76 34.69 32.01 39.43 29.26 % Of Sales - 8.84% 7.87% 8.02% 10.45% 10.13% 8.16% 9.16% 11.20% 12.66% 8.58% Manufacturing Exp. - 36.23 21.22 19.27 12.82 14.35 12.53 9.75 9.56 11.98 11.29 % Of Sales - 3.02% 1.93% 2.02% 2.47% 2.73% 2.01% 2.57% 3.34% 3.85% 3.31% General & Admin Exp. - 36.53 27.32 24.00 19.31 19.16 22.13 17.87 16.87 18.80 18.94 % Of Sales - 3.04% 2.48% 2.52% 3.73% 3.65% 3.56% 4.72% 5.90% 6.04% 5.55% Selling & Distn. Exp. - 13.93 11.13 9.70 7.24 6.22 6.19 5.85 10.07 11.48 10.57 % Of Sales - 1.16% 1.01% 1.02% 1.40% 1.18% 0.99% 1.54% 3.52% 3.69% 3.10% Miscellaneous Exp. - 11.01 9.72 6.21 5.11 3.52 7.19 5.54 4.45 4.11 10.57 % Of Sales - 0.92% 0.88% 0.65% 0.99% 0.67% 1.16% 1.46% 1.56% 1.32% 1.12% EBITDA 223.07 177.72 151.38 132.02 78.05 77.71 90.09 54.48 33.54 19.03 40.52 EBITDA Margin 15.69% 14.79% 13.76% 13.84% 15.06% 14.80% 14.48% 14.38% 11.73% 6.11% 11.88% Other Income 66.40 48.21 17.82 17.05 20.50 3.67 2.27 2.94 5.13 2.01 1.70 Interest 61.83 49.99 44.66 39.60 29.60 34.12 29.61 23.48 17.38 17.03 11.27 Depreciation 68.23 54.02 44.65 38.87 30.38 27.42 22.41 17.63 16.17 15.42 15.84 PBT 159.40 121.91 79.90 70.60 38.57 19.86 40.34 16.31 5.12 -11.42 15.12 Tax 40.99 31.72 21.07 18.70 9.79 2.76 16.62 5.04 0.81 -1.86 5.80 Tax Rate 25.72% 26.02% 26.37% 26.49% 25.38% 13.90% 41.20% 30.90% 15.82% 16.29% 38.36% PAT 118.40 90.20 58.83 51.90 28.78 17.09 23.72 11.28 4.31 -9.56 9.33 PAT before Minority Interest 118.40 90.20 58.83 51.90 28.78 17.09 23.72 11.28 4.31 -9.56 9.33 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 8.33% 7.51% 5.35% 5.44% 5.55% 3.25% 3.81% 2.98% 1.51% -3.07% 2.74% PAT Growth 54.71% 53.32% 13.35% 80.33% 68.40% -27.95% 110.28% 161.72% - - EPS 31.41 23.93 15.60 13.77 7.63 4.53 6.29 2.99 1.14 -2.54 2.47

Description TTM Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,555.00 1,201.60 1,100.17 953.82 518.17 Net Sales Growth 36.19% 9.22% 15.34% 84.07% Cost Of Goods Sold 958.38 805.91 782.31 678.15 335.27 Gross Profit 596.62 395.68 317.86 275.67 182.90 GP Margin 38.37% 32.93% 28.89% 28.90% 35.30% Total Expenditure 1,316.99 1,023.89 948.79 821.81 440.12 Power & Fuel Cost - 14.02 10.56 7.93 6.20 % Of Sales - 1.17% 0.96% 0.83% 1.20% Employee Cost - 106.24 86.53 76.54 54.17 % Of Sales - 8.84% 7.87% 8.02% 10.45% Manufacturing Exp. - 36.23 21.22 19.27 12.82 % Of Sales - 3.02% 1.93% 2.02% 2.47% General & Admin Exp. - 36.54 27.32 24.01 19.31 % Of Sales - 3.04% 2.48% 2.52% 3.73% Selling & Distn. Exp. - 13.93 11.13 9.70 7.24 % Of Sales - 1.16% 1.01% 1.02% 1.40% Miscellaneous Exp. - 11.01 9.72 6.21 5.11 % Of Sales - 0.92% 0.88% 0.65% 0.99% EBITDA 238.02 177.71 151.38 132.01 78.05 EBITDA Margin 15.31% 14.79% 13.76% 13.84% 15.06% Other Income 67.28 48.21 17.84 17.04 20.49 Interest 62.62 49.99 44.65 39.60 29.61 Depreciation 70.63 54.02 44.65 38.88 30.39 PBT 172.03 121.91 79.91 70.57 38.54 Tax 44.35 31.72 21.07 18.70 9.79 Tax Rate 25.78% 26.02% 26.37% 26.50% 25.40% PAT 127.69 90.19 58.83 51.87 28.76 PAT before Minority Interest 127.69 90.19 58.83 51.87 28.76 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 8.21% 7.51% 5.35% 5.44% 5.55% PAT Growth 66.87% 53.31% 13.42% 80.35% EPS 33.87 23.92 15.60 13.76 7.63

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 416.28 334.09 283.97 235.81 207.80 175.96 154.56 112.42 106.95 117.25 Share Capital 16.03 16.03 16.03 16.03 16.03 14.92 14.92 13.50 13.50 13.50 Total Reserves 400.25 318.06 267.94 219.79 191.77 156.05 134.65 98.92 93.46 103.76 Non-Current Liabilities 346.48 192.60 179.87 122.84 99.93 110.81 104.60 63.01 30.77 32.79 Secured Loans 237.84 96.78 85.09 25.47 33.86 50.20 62.36 17.52 23.25 23.72 Unsecured Loans 25.10 25.10 25.10 25.10 10.00 25.40 26.32 39.59 2.82 2.82 Long Term Provisions 17.29 8.17 7.80 6.85 28.14 4.36 5.21 1.09 0.75 0.44 Current Liabilities 567.28 451.32 492.61 342.42 288.36 297.28 289.81 234.59 224.18 217.59 Trade Payables 227.55 251.30 220.22 105.29 96.71 103.62 108.08 105.61 66.58 84.98 Other Current Liabilities 103.39 50.58 69.17 39.12 25.41 30.73 28.88 17.43 15.01 11.97 Short Term Borrowings 203.08 142.79 183.82 184.79 156.62 152.24 147.66 108.86 140.95 109.87 Short Term Provisions 33.26 6.64 19.40 13.23 9.62 10.69 5.19 2.69 1.64 10.77 Total Liabilities 1,330.04 978.01 956.45 701.07 596.09 584.05 548.97 410.02 361.90 367.63 Net Block 422.18 362.36 324.51 284.86 247.30 230.07 203.97 93.53 76.30 86.99 Gross Block 722.47 615.64 538.25 460.67 399.82 355.63 317.49 190.76 163.20 158.85 Accumulated Depreciation 300.29 253.28 213.74 175.81 152.52 125.56 113.52 97.22 86.90 71.86 Non Current Assets 623.35 435.79 368.71 315.19 277.78 256.04 235.25 163.51 106.33 114.72 Capital Work in Progress 118.08 24.06 0.61 1.14 8.26 4.60 9.34 31.43 11.70 9.55 Non Current Investment 15.30 15.20 16.46 16.46 16.41 16.41 17.35 17.35 16.41 16.41 Long Term Loans & Adv. 64.09 23.75 23.09 7.47 3.77 4.96 4.59 21.19 1.93 1.77 Other Non Current Assets 3.71 8.52 1.99 5.26 2.04 0.00 0.00 0.00 0.00 0.00 Current Assets 706.69 542.21 587.74 385.89 318.31 328.01 313.72 246.52 255.58 252.91 Current Investments 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.00 0.00 Inventories 270.20 239.31 272.29 157.22 126.50 100.27 129.16 126.55 117.57 105.93 Sundry Debtors 210.39 181.45 204.26 171.77 139.38 182.49 136.92 89.86 111.96 102.58 Cash & Bank 109.40 65.17 35.03 8.91 14.86 13.96 13.52 11.02 18.23 15.29 Other Current Assets 116.68 22.18 34.77 26.53 37.57 31.26 34.10 19.08 7.81 29.11 Short Term Loans & Adv. 48.80 34.10 41.38 21.44 28.27 22.39 26.07 12.99 3.86 23.54 Net Current Assets 139.41 90.89 95.13 43.47 29.95 30.73 23.92 11.92 31.40 35.32 Total Assets 1,330.04 978.00 956.45 701.08 596.09 584.05 548.97 410.03 361.91 367.63

Description Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 416.22 334.04 283.92 235.79 Share Capital 16.03 16.03 16.03 16.03 Total Reserves 400.19 318.01 267.89 219.76 Non-Current Liabilities 346.48 192.60 180.03 123.02 Secured Loans 237.84 96.78 85.09 25.47 Unsecured Loans 25.10 25.10 25.10 25.10 Long Term Provisions 17.29 8.17 7.80 6.85 Current Liabilities 567.28 451.32 492.62 342.42 Trade Payables 227.55 251.30 220.22 105.29 Other Current Liabilities 103.39 50.58 69.19 39.12 Short Term Borrowings 203.08 142.79 183.82 184.79 Short Term Provisions 33.26 6.64 19.40 13.23 Total Liabilities 1,329.98 977.96 956.57 701.23 Net Block 422.18 362.36 324.68 285.03 Gross Block 722.47 615.64 538.43 460.85 Accumulated Depreciation 300.29 253.28 213.76 175.82 Non Current Assets 623.25 435.74 368.82 315.31 Capital Work in Progress 118.08 24.06 0.61 1.14 Non Current Investment 15.20 15.15 16.41 16.41 Long Term Loans & Adv. 64.09 23.75 23.09 7.47 Other Non Current Assets 3.71 8.52 2.00 5.27 Current Assets 706.73 542.21 587.75 385.92 Current Investments 0.01 0.01 0.01 0.01 Inventories 270.20 239.31 272.29 157.22 Sundry Debtors 210.39 181.45 204.26 171.77 Cash & Bank 109.45 65.17 35.04 8.94 Other Current Assets 116.68 22.18 34.77 26.53 Short Term Loans & Adv. 48.80 34.10 41.38 21.44 Net Current Assets 139.45 90.89 95.13 43.50 Total Assets 1,329.98 977.95 956.57 701.23

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity 73.59 222.96 87.93 34.25 68.90 70.64 28.45 72.89 -7.07 44.99 PBT 121.91 79.90 70.60 38.57 19.86 40.34 16.31 5.12 -11.42 15.12 Adjustment 96.84 88.20 76.04 54.64 62.90 51.94 43.68 30.33 32.46 27.12 Changes in Working Capital -134.68 89.39 -40.78 -53.20 -3.94 -16.94 -30.44 37.86 -23.62 5.76 Cash after chg. in Working capital 84.07 257.49 105.86 40.00 78.82 75.33 29.55 73.31 -2.57 48.00 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -10.48 -34.53 -17.93 -5.75 -9.92 -4.69 -1.10 -0.41 -4.50 -3.01 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 -235.79 -103.71 -92.78 -66.27 -45.59 -46.47 -112.86 -56.35 -7.42 -19.63 Net Fixed Assets -200.85 -100.84 -77.05 -53.73 -47.85 -33.40 -104.64 -47.29 -6.50 -19.30 Net Investments -0.10 1.26 0.00 -0.05 0.01 0.94 0.00 -0.96 0.00 -12.33 Others -34.84 -4.13 -15.73 -12.49 2.25 -14.01 -8.22 -8.10 -0.92 12.00 Cash from Financing Activity 198.39 -87.18 12.23 28.24 -20.60 -26.17 85.55 -20.07 14.43 -19.53 Net Cash Inflow / Outflow 36.19 32.07 7.38 -3.78 2.70 -2.00 1.14 -3.54 -0.07 5.82 Opening Cash & Equivalents 39.70 7.63 0.25 4.12 1.42 3.42 2.28 5.82 0.42 9.47 Closing Cash & Equivalent 75.89 39.70 7.63 0.34 4.12 1.42 3.42 2.28 0.35 15.29

Description Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 73.58 222.96 87.91 31.71 PBT 121.91 79.91 70.57 38.54 Adjustment 96.84 88.18 76.05 54.70 Changes in Working Capital -134.68 89.40 -40.78 -55.78 Cash after chg. in Working capital 84.06 257.48 105.84 37.46 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -10.48 -34.53 -17.93 -5.75 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -235.74 -103.53 -92.78 -66.45 Net Fixed Assets -200.85 -100.84 -77.05 Net Investments -0.10 1.26 0.00 Others -34.79 -3.95 -15.73 Cash from Financing Activity 198.39 -87.36 12.23 28.40 Net Cash Inflow / Outflow 36.23 32.06 7.36 -6.34 Opening Cash & Equivalents 39.70 7.64 0.28 6.70 Closing Cash & Equivalent 75.93 39.70 7.64 0.37

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 129.88 104.24 88.60 73.58 64.84 57.32 50.14 41.66 39.64 43.45 ROA 7.82% 6.08% 6.26% 4.44% 2.90% 4.19% 2.35% 1.12% -2.62% 2.76% ROE 24.04% 19.04% 19.97% 12.97% 9.03% 14.80% 8.61% 3.93% -8.53% 8.15% ROCE 21.80% 20.21% 20.08% 14.89% 12.72% 16.82% 11.33% 7.83% 2.07% 10.72% Fixed Asset Turnover 2.03 2.16 2.16 1.34 1.55 2.05 1.72 1.81 2.05 2.41 Receivable days 52.75 56.50 63.67 98.52 100.65 84.51 94.93 115.06 118.71 83.58 Inventory Days 68.59 74.94 72.72 89.84 70.91 60.70 107.05 139.17 123.66 101.57 Payable days 108.44 110.00 87.60 109.96 81.26 76.80 119.96 124.70 89.74 86.36 Cash Conversion Cycle 12.90 21.44 48.79 78.40 90.31 68.41 82.03 129.53 152.64 98.79 Total Debt/Equity 1.29 0.87 1.14 1.08 1.05 1.44 1.71 1.61 1.63 1.22 Interest Cover 3.44 2.79 2.78 2.30 1.58 2.36 1.69 1.29 0.33 2.34

Description Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 129.87 104.22 88.58 73.57 ROA 7.82% 6.08% 6.26% 4.10% ROE 24.04% 19.04% 19.96% 12.20% ROCE 21.80% 20.22% 20.07% 13.92% Fixed Asset Turnover 2.03 2.16 2.16 1.25 Receivable days 52.75 56.50 63.67 108.78 Inventory Days 68.59 74.94 72.72 99.57 Payable days 108.44 110.00 87.60 114.62 Cash Conversion Cycle 12.90 21.44 48.79 93.72 Total Debt/Equity 1.29 0.87 1.14 1.08 Interest Cover 3.44 2.79 2.78 2.30

Top Investors:

aditya birla sun life trustee private limited

sbi mutual fund

kotak mahindra life insurance company limited

hsbc mutual fund

motilal oswal small cap fund

investor education and protection fund authority

uti mutual fund

Annual Reports:

News Update:

Pitti Engineering - Quarterly Results
13th Feb 2025, 18:13 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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