Nifty

:

24346.70

Sensex

:

80501.99

12.50 (0.05%)
259.75 (0.32%)

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Nifty
Sensex

:
:

24346.70
80501.99

12.50 (0.05%)
259.75 (0.32%)

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
800.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,491.81
28.55
5

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,962.16
0.16%
3.89

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

22.22
22.22
29.16

P:BV (Average)

8 Years
5 Years
3 Years

4.51
4.51
4.83

EV:EBITDA (Average)

8 Years
5 Years
3 Years

11.72
11.72
12.54

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 Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 421.92 335.90 25.61% 363.71 301.89 20.48% 379.38 302.60 25.37% 350.87 289.79 21.08%
Expenses 351.42 284.00 23.74% 303.12 250.41 21.05% 319.89 258.04 23.97% 296.53 247.36 19.88%
EBITDA 70.51 51.90 35.86% 60.60 51.48 17.72% 59.49 44.56 33.51% 54.34 42.43 28.07%
EBIDTM 16.71% 15.45% 16.66% 17.05% 15.68% 14.72% 15.49% 14.64%
Other Income 3.37 31.53 -89.31% 5.79 3.30 75.45% 25.59 12.70 101.50% 3.58 0.93 284.95%
Interest 18.88 14.10 33.90% 13.16 13.93 -5.53% 18.64 11.43 63.08% 16.39 11.61 41.17%
Depreciation 21.28 15.60 36.41% 20.08 15.70 27.90% 19.14 13.30 43.91% 14.99 13.16 13.91%
PBT 33.72 53.74 -37.25% 33.14 25.16 31.72% 47.30 32.53 45.40% 26.54 18.59 42.76%
Tax 3.74 7.73 -51.62% 8.85 9.45 -6.35% 13.25 10.52 25.95% 6.83 4.62 47.84%
PAT 29.98 46.00 -34.83% 24.29 15.71 54.61% 34.05 22.01 54.70% 19.70 13.97 41.02%
PATM 7.10% 13.70% 6.68% 5.20% 8.98% 7.27% 5.62% 4.82%
EPS 7.95 12.20 -34.84% 6.44 4.17 54.44% 9.03 5.84 54.62% 5.23 3.71 40.97%

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 468.78 335.90 39.56% 414.98 301.89 37.46% 429.36 302.60 41.89% 382.78 289.79 32.09%
Expenses 388.71 284.00 36.87% 348.03 250.41 38.98% 363.29 258.04 40.79% 326.43 247.36 31.97%
EBITDA 80.07 51.90 54.28% 66.95 51.48 30.05% 66.08 44.56 48.29% 56.35 42.43 32.81%
EBIDTM 17.08% 15.45% 16.13% 17.05% 15.39% 14.72% 14.72% 14.64%
Other Income 3.52 31.53 -88.84% 6.02 3.30 82.42% 25.89 12.70 103.86% 3.93 0.93 322.58%
Interest 18.94 14.10 34.33% 13.21 13.93 -5.17% 18.69 11.43 63.52% 17.08 11.61 47.11%
Depreciation 22.47 15.60 44.04% 21.10 15.70 34.39% 20.10 13.30 51.13% 15.41 13.16 17.10%
PBT 42.19 53.74 -21.49% 38.66 25.16 53.66% 53.17 32.53 63.45% 27.79 18.59 49.49%
Tax 6.05 7.73 -21.73% 9.90 9.45 4.76% 15.15 10.52 44.01% 7.24 4.62 56.71%
PAT 36.14 46.00 -21.43% 28.76 15.71 83.07% 38.02 22.01 72.74% 20.55 13.97 47.10%
PATM 7.71% 13.70% 6.93% 5.20% 8.86% 7.27% 5.37% 4.82%
EPS 9.60 13.43 -28.52% 7.64 4.59 66.45% 10.10 6.43 57.08% 6.41 4.36 47.02%

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 1,515.88 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 23.22% 9.22% 15.34% 84.07% -1.31% -15.61% 64.26% 32.49% -8.22% -8.66% Cost Of Goods Sold 917.28 805.91 782.31 678.15 335.27 344.61 428.95 246.78 176.13 203.23 223.27 Gross Profit 598.60 395.68 317.86 275.67 182.90 180.45 193.26 132.01 109.77 108.25 117.77 GP Margin 39.49% 32.93% 28.89% 28.90% 35.30% 34.37% 31.06% 34.85% 38.39% 34.75% 34.53% Total Expenditure 1,270.96 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 244.94 177.72 151.38 132.02 78.05 77.71 90.09 54.48 33.54 19.03 40.52 EBITDA Margin 16.16% 14.79% 13.76% 13.84% 15.06% 14.80% 14.48% 14.38% 11.73% 6.11% 11.88% Other Income 38.33 48.21 17.82 17.05 20.50 3.67 2.27 2.94 5.13 2.01 1.70 Interest 67.07 49.99 44.66 39.60 29.60 34.12 29.61 23.48 17.38 17.03 11.27 Depreciation 75.49 54.02 44.65 38.87 30.38 27.42 22.41 17.63 16.17 15.42 15.84 PBT 140.70 121.91 79.90 70.60 38.57 19.86 40.34 16.31 5.12 -11.42 15.12 Tax 32.67 31.72 21.07 18.70 9.79 2.76 16.62 5.04 0.81 -1.86 5.80 Tax Rate 23.22% 26.02% 26.37% 26.49% 25.38% 13.90% 41.20% 30.90% 15.82% 16.29% 38.36% PAT 108.02 90.20 58.83 51.90 28.78 17.09 23.72 11.28 4.31 -9.56 9.33 PAT before Minority Interest 108.02 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 7.13% 7.51% 5.35% 5.44% 5.55% 3.25% 3.81% 2.98% 1.51% -3.07% 2.74% PAT Growth 10.57% 53.32% 13.35% 80.33% 68.40% -27.95% 110.28% 161.72% - - EPS 28.65 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 1,695.90 1,201.60 1,100.17 953.82 518.17 Net Sales Growth 37.86% 9.22% 15.34% 84.07% Cost Of Goods Sold 1,025.88 805.91 782.31 678.15 335.27 Gross Profit 670.02 395.68 317.86 275.67 182.90 GP Margin 39.51% 32.93% 28.89% 28.90% 35.30% Total Expenditure 1,426.46 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 269.45 177.71 151.38 132.01 78.05 EBITDA Margin 15.89% 14.79% 13.76% 13.84% 15.06% Other Income 39.36 48.21 17.84 17.04 20.49 Interest 67.92 49.99 44.65 39.60 29.61 Depreciation 79.08 54.02 44.65 38.88 30.39 PBT 161.81 121.91 79.91 70.57 38.54 Tax 38.34 31.72 21.07 18.70 9.79 Tax Rate 23.69% 26.02% 26.37% 26.50% 25.40% PAT 123.47 90.19 58.83 51.87 28.76 PAT before Minority Interest 123.47 90.19 58.83 51.87 28.76 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 7.28% 7.51% 5.35% 5.44% 5.55% PAT Growth 26.39% 53.31% 13.42% 80.35% EPS 32.75 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

kotak mahindra life insurance company limited

sbi mutual fund

hsbc mutual fund

motilal oswal small cap fund

uti mutual fund

investor education protection 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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