Is Pitti Engineering a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pitti Engineering Ltd is a average quality company .

Is Pitti Engineering undervalued or overvalued?

The key valuation ratios of Pitti Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Pitti Engineering share price return in the past 10 years?

Pitti Engineering Ltd share price has appreciated 45.5% annually (CAGR) over the past ten years.

Is Pitti Engineering a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pitti Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Pitti Engineering Ltd - Stock Valuation and Financial Performance

Name: Pitti Engineering
Brand: Pitti Engineering

BSE: 513519 | NSE: PITTIENG | Engineering | Small Cap

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Pitti Engineering Share Price

₹1,354.05 -42.40 -3.04%
as on 20-Dec'24 16:59

10 Year X-Ray of Pitti Engineering:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.7%	2.1%	7.8%	11.3%	16.8%	12.7%	14.9%	20.1%	20.2%	21.8%	-
Value Creation Index ⓘ	-0.2	-0.9	-0.4	-0.2	0.2	-0.1	0.1	0.4	0.4	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	341	311	286	379	622	525	518	954	1,100	1,202	1,352
Sales YoY Gr.	-	-8.7%	-8.2%	32.5%	64.3%	-15.6%	-1.3%	84.1%	15.3%	9.2%	-
Adj EPS ⓘ	3.5	-3.6	1	4	8.3	5.3	9.3	16.3	19.4	28.6	28.5
YoY Gr.	-	-202.9%	NA	299%	109%	-36.1%	75.1%	75%	18.9%	47.4%	-
BVPS (₹) ⓘ	43.5	39.6	41.7	50.1	57.3	64.8	73.6	88.6	104.2	129.9	230.9
Adj Net Profit ⓘ	9.3	-9.6	2.7	11.9	24.9	17.1	29.9	52.4	62.2	91.7	107
Cash Flow from Ops. ⓘ	45	-7.1	72.9	28.5	70.6	68.9	34.3	87.9	223	73.6	-
Debt/CF from Ops. ⓘ	3.2	-24.6	2.5	9	3.5	3.2	7.4	3.7	1.3	7.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15%	14.1%	32.4%	9.2%
Adj EPS ⓘ	26.5%	28%	45.3%	47.4%
BVPSⓘ	12.9%	17.8%	20.9%	24.6%
Share Price	45.5%	100.3%	82.8%	95.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.2	-8.5	2.5	8.9	15.1	8.9	13.5	20.1	20.1	24.4	15.8
Op. Profit Mgn % ⓘ	11.9	6.1	11.7	14.6	14.8	14.8	15.4	13.9	14.2	15	15.3
Net Profit Mgn % ⓘ	2.7	-3.1	0.9	3.1	4	3.3	5.8	5.5	5.7	7.6	8
Debt to Equity ⓘ	1.2	1.6	1.6	1.7	1.4	1.1	1.1	1.1	0.9	1.3	0.3
Working Cap Days ⓘ	221	265	283	235	165	196	221	164	159	158	95
Cash Conv. Cycle ⓘ	99	153	130	82	68	90	108	64	43	35	21

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.36%

Net Profit is growing at healthy rate in last 3 years 45.27%

Sales growth is good in last 4 quarters at 25.58%

Return on Equity has declined versus last 3 years average to 15.80%

Debt to equity has increased versus last 3 years average to 1.29

Latest Financials - Pitti Engineering Ltd.

	Standalone	Consolidated
TTM EPS (₹)	28.5	29.8
TTM Sales (₹ Cr.)	1,352	1,434
BVPS (₹.) ⓘ	230.9	231.9
Reserves (₹ Cr.) ⓘ	812	854
P/BV ⓘ	5.87	5.84
PE ⓘ	47.46	45.42

From the Market
52 Week Low / High (₹)	622.00 / 1511.45
All Time Low / High (₹)	0.25 / 1511.45
Market Cap (₹ Cr.)	5,098
Equity (₹ Cr.)	18.8
Face Value (₹)	5
Industry PE ⓘ	48

Management X-Ray of Pitti Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

20.47

10.23

* Pledged shares as % of Promoter's holding (%)

Valuation of Pitti Engineering

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Pitti Engineering

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	341	311	286	379	622	525	518	954	1,100	1,202
Operating Expenses ⓘ	301	292	252	324	532	447	440	822	949	1,024
Manufacturing Costs	15	15	13	14	17	21	19	27	32	50
Material Costs	223	203	176	247	429	345	335	678	782	806
Employee Cost	29	39	32	35	51	53	54	77	87	106
Other Costs ⓘ	33	34	31	29	36	29	32	40	48	61
Operating Profit ⓘ	41	19	34	54	90	78	78	132	151	178
Operating Profit Margin (%)	11.9%	6.1%	11.7%	14.4%	14.5%	14.8%	15.1%	13.8%	13.8%	14.8%
Other Income ⓘ	2	2	5	3	2	4	20	17	18	48
Interest ⓘ	11	17	17	23	30	34	30	40	45	50
Depreciation ⓘ	16	15	16	18	22	27	30	39	45	54
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	15	-11	5	16	40	20	39	71	80	122
Tax ⓘ	6	-2	1	5	17	3	10	19	21	32
Profit After Tax	9	-10	4	11	24	17	29	52	59	90
PAT Margin (%)	2.7%	-3.1%	1.5%	3.0%	3.8%	3.3%	5.6%	5.4%	5.3%	7.5%
Adjusted EPS (₹)	3.5	-3.5	1.6	3.8	8.0	5.3	9.0	16.2	18.4	28.1
Dividend Payout Ratio (%)	29%	0%	0%	0%	0%	0%	0%	13%	15%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	117	107	112	150	171	208	236	284	334	416
Share Capital ⓘ	13	13	13	15	15	16	16	16	16	16
Reserves ⓘ	104	93	99	135	156	192	220	268	318	400
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	136	167	166	236	228	200	235	294	265	466
Long Term Debt	27	26	57	89	76	44	51	110	122	263
Short Term Debt	110	141	109	148	152	157	185	184	143	203
Trade Payables	85	67	106	108	104	97	105	220	251	228
Others Liabilities ⓘ	29	21	26	55	82	91	125	158	128	220
Total Liabilities ⓘ	368	362	410	549	584	596	701	956	978	1,330
Fixed Assets
Gross Block	159	163	191	317	356	400	461	538	616	722
Accumulated Depreciation	72	87	97	114	126	153	176	214	253	300
Net Fixed Assetsⓘ	87	76	94	204	230	247	285	325	362	422
CWIP ⓘ	10	12	31	9	5	8	1	1	24	118
Investmentsⓘ	16	16	17	17	16	16	16	16	15	15
Inventories	106	118	127	129	100	127	157	272	239	270
Trade Receivables	103	112	90	137	182	139	172	204	181	210
Cash Equivalents	15	18	11	14	14	15	9	35	65	109
Others Assetsⓘ	31	10	40	39	36	43	61	103	90	184
Total Assets ⓘ	368	362	410	549	584	596	701	956	978	1,330

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	45	-7	73	28	71	69	34	88	223	74
PBT ⓘ	15	-11	5	16	40	20	39	71	80	122
Adjustment ⓘ	27	32	30	44	52	63	55	76	88	97
Changes in Working Capital ⓘ	6	-24	38	-30	-17	-4	-53	-41	89	-135
Tax Paid ⓘ	-3	-4	0	-1	-5	-10	-6	-18	-35	-10
Cash Flow From Investing Activity ⓘ	-20	-7	-56	-113	-46	-46	-66	-93	-104	-236
Capex	-20	-9	-58	-114	-45	-49	-65	-78	-105	-198
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	2	1	1	-1	3	-2	-15	1	-38
Cash Flow From Financing Activityⓘ	-20	14	-20	86	-26	-21	28	12	-87	198
Net Proceeds from Shares ⓘ	0	0	0	31	0	20	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	7	39	40	-2	-30	-5	48	6	187
Interest Paid ⓘ	-11	-17	-15	-23	-28	-31	-26	-34	-45	-51
Dividend Paid ⓘ	-3	-2	0	0	0	0	0	-4	-8	-4
Others ⓘ	-5	27	-44	39	5	21	59	2	-41	66
Net Cash Flow ⓘ	6	0	-4	1	-2	3	-4	7	32	36

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.15	-8.53	3.93	8.61	14.8	9.03	12.97	19.97	19.04	24.04
ROCE (%)	10.72	2.07	7.83	11.33	16.82	12.72	14.89	20.08	20.21	21.8
Asset Turnover Ratio	1.08	0.9	0.83	0.91	1.22	0.99	0.89	1.3	1.29	1.17
PAT to CFO Conversion(x)	5	N/A	18.25	2.55	2.96	4.06	1.17	1.69	3.78	0.82
Working Capital Days
Receivable Days	84	119	115	95	85	101	99	64	57	53
Inventory Days	102	124	139	107	61	71	90	73	75	69
Payable Days	116	136	178	158	90	106	110	88	110	108

Pitti Engineering Ltd Stock News

Pitti Engineering Ltd FAQs

What is the share price of Pitti Engineering?

Company share prices are keep on changing according to the market conditions. The closing price of Pitti Engineering on 20-Dec-2024 16:59 is ₹1,354.1.

What is the market cap of Pitti Engineering?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Pitti Engineering stood at ₹5,098.5.

What is the P/E ratio of Pitti Engineering?

The latest P/E ratio of Pitti Engineering as of 20-Dec-2024 16:59 is 47.46.

What is the P/B ratio of Pitti Engineering?

The latest P/B ratio of Pitti Engineering as of 20-Dec-2024 16:59 is 5.87.

What is the 52-week high and low of Pitti Engineering?

The 52-week high of Pitti Engineering is ₹1,511.5 and the 52-week low is ₹622.0.

What is the TTM revenue of Pitti Engineering?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pitti Engineering is ₹1,352 ( Cr.) .

About Pitti Engineering Ltd

Pitti Laminations Ltd started production in 1987. It is located in Hyderabad, Andhra Pradesh, India and its factories are located in a 50KM radius of the city. Pitti Laminations Limited was the first in the country in lamination industry to have achieved ISO 9002 certification by BVQI of U.K. in October 1993.

The company is engaged in the manufacturing of electrical laminations for use in all types of motors for a wide spectrum of applications, alternators, DC machines, railway lighting alternators etc. They make single piece laminations upto 1300 mm (51 inches) diameter.

Laminations upto 700 mm (27 inches) diameter by single blow (gang punching) operation and upto 1300 mm (51 inches) diameter by single point notching including skip notching.They are located in Hyderabad, Andhra Pradesh, India. Their factories are located in a 50KM radius of the city.

Plant - I of the company is having capacity of 6000 Tons per annum in operation while Plant â€“ II of the company is of capacity 4000 Tons per annum and is dedicated to the export market.

The plant â€“ II is equipped with high Speed Presses, Presses from 100 to 350 Tons capacity, Hydraulic Presses from 40 â€“ 150 Tons capacity and additional tool room machinery.

The company manufactures electrical laminations up to a diameter of 1300 mm (51â€) for application in industrial motors, DC machines, alternators, traction motors, pumps, train lighting generators, aeronautics, medical diagnostics equipments, windmill generators, laminations for specialised applications, die-cast rotors, assembled stators and built-up rotors duly balanced. It produces small laminations via High Speed Press for compressors.

The company also manufactures Press tools, Progressive tools Jigs, Fixtures to customer requirements.

Product range of the company includes:

Industrial motors
DC Machines
Alternators
Traction Motors
Pumps
Train lighting generators
Aeronautics
Medical diagnostics equipments
Windmill generators
Laminations for specialised applications
Die-Cast Rotors
Assembled Stators and Built-up Rotors duly balanced
Produce small laminations via High Speed Press for compressors.
Press tools
Progressive tools Jigs
Fixtures to customer requirements.

Achievements/ recognition:

ISO 9002 certification by BVQI of U.K. in October 1993.
The companyâ€™s Quality Management Systems conforming to ISO 9002:1994 is certified by Bureau Veritas Quality International (BVQI). Recertified in 1996 and 1999 by BVQI.
The company is ISO 9001:2000 certified
Recipient of CITD (Council for Industrial and Trade Development) award for Quality and Achievement in the year of 1994 by Government of India.
Recipient of CITD Gold Udyog Patra award for Industrial Promotion in the year 1995 by Government of India.
Recipient of CITD (Council for Industrial and Trade development) award for Quality and Achievement in the year of 2000.