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Pitti Engineering

BSE:513519
Snowflake Description

Solid track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
513519
BSE
₹1B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Pitti Engineering Limited manufactures and sells electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools in India and internationally. The last earnings update was 48 days ago. More info.


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513519 Share Price and Events
7 Day Returns
12.4%
BSE:513519
-0.2%
IN Electrical
-1.1%
IN Market
1 Year Returns
-46.4%
BSE:513519
-3.1%
IN Electrical
-1.6%
IN Market
513519 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pitti Engineering (513519) 12.4% -3.4% -7.4% -46.4% 22.4% 61.2%
IN Electrical -0.2% 2.7% -1% -3.1% 26.3% 18.4%
IN Market -1.1% 0.2% -0.1% -1.6% 32.7% 39.2%
1 Year Return vs Industry and Market
  • 513519 underperformed the Electrical industry which returned -3.1% over the past year.
  • 513519 underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
513519
Industry
5yr Volatility vs Market

Value

 Is Pitti Engineering undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Pitti Engineering. This is due to cash flow or dividend data being unavailable. The share price is ₹47.2.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pitti Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pitti Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:513519 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹7.67
BSE:513519 Share Price ** BSE (2019-06-21) in INR ₹47.2
India Electrical Industry PE Ratio Median Figure of 73 Publicly-Listed Electrical Companies 12.76x
India Market PE Ratio Median Figure of 2,826 Publicly-Listed Companies 15.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pitti Engineering.

BSE:513519 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:513519 Share Price ÷ EPS (both in INR)

= 47.2 ÷ 7.67

6.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pitti Engineering is good value based on earnings compared to the IN Electrical industry average.
  • Pitti Engineering is good value based on earnings compared to the India market.
Price based on expected Growth
Does Pitti Engineering's expected growth come at a high price?
Raw Data
BSE:513519 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-0.5%per year
India Electrical Industry PEG Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.27x
India Market PEG Ratio Median Figure of 524 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pitti Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pitti Engineering's assets?
Raw Data
BSE:513519 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹48.42
BSE:513519 Share Price * BSE (2019-06-21) in INR ₹47.2
India Electrical Industry PB Ratio Median Figure of 87 Publicly-Listed Electrical Companies 0.86x
India Market PB Ratio Median Figure of 3,654 Publicly-Listed Companies 0.97x
BSE:513519 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:513519 Share Price ÷ Book Value per Share (both in INR)

= 47.2 ÷ 48.42

0.97x

* Primary Listing of Pitti Engineering.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pitti Engineering is overvalued based on assets compared to the IN Electrical industry average.
X
Value checks
We assess Pitti Engineering's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Pitti Engineering has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pitti Engineering expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Pitti Engineering, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pitti Engineering expected to grow at an attractive rate?
  • Pitti Engineering's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Pitti Engineering's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Pitti Engineering's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:513519 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:513519 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0.5%
India Electrical Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
India Electrical Industry Revenue Growth Rate Market Cap Weighted Average 11.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.7%
India Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:513519 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:513519 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:513519 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 6,245 237
2018-12-31 5,999 199
2018-09-30 5,117 174
2018-06-30 4,205 128
2018-03-31 3,815 292 113
2017-12-31 3,380 106
2017-09-30 3,374 105
2017-06-30 3,199 81
2017-03-31 2,865 729 43
2016-12-31 2,786 4
2016-09-30 2,725 -55
2016-06-30 2,839 -98

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pitti Engineering's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Pitti Engineering is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:513519 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pitti Engineering Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:513519 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:513519 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 7.67
2018-12-31 6.45
2018-09-30 5.88
2018-06-30 4.61
2018-03-31 4.13
2017-12-31 3.72
2017-09-30 3.59
2017-06-30 2.80
2017-03-31 1.60
2016-12-31 0.15
2016-09-30 -2.06
2016-06-30 -3.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pitti Engineering will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pitti Engineering's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pitti Engineering has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pitti Engineering performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pitti Engineering's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pitti Engineering has delivered over 20% year on year earnings growth in the past 5 years.
  • Pitti Engineering's 1-year earnings growth exceeds its 5-year average (110.3% vs 33.4%)
  • Pitti Engineering's earnings growth has exceeded the IN Electrical industry average in the past year (110.3% vs 18.9%).
Earnings and Revenue History
Pitti Engineering's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pitti Engineering Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:513519 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,244.81 237.20 516.87
2018-12-31 5,999.10 198.53 498.84
2018-09-30 5,116.72 174.38 450.02
2018-06-30 4,204.65 128.25 414.25
2018-03-31 3,815.42 112.80 381.65
2017-12-31 3,379.61 106.03 368.90
2017-09-30 3,373.67 104.99 377.60
2017-06-30 3,198.66 81.39 354.06
2017-03-31 2,865.20 43.10 363.99
2016-12-31 2,785.51 4.16 393.38
2016-09-30 2,724.56 -55.36 413.67
2016-06-30 2,838.78 -98.18 433.81
2016-03-31 3,114.86 -95.58 439.53
2015-12-31 3,384.66 -7.00 656.73
2015-09-30 3,610.68 62.30 632.89
2015-06-30 3,547.09 99.82 337.37
2015-03-31 3,410.44 93.26 334.90
2014-12-31 3,035.97 66.85 487.69
2014-09-30 2,589.30 41.25 471.27
2014-06-30 2,560.14 43.50 271.60
2014-03-31 2,478.30 42.05 450.31
2013-12-31 2,556.41 54.01 507.26
2013-09-30 2,841.43 69.98 521.73
2013-06-30 2,998.38 96.66 266.39
2013-03-31 3,103.55 98.47 538.82
2012-12-31 3,343.89 129.98 634.73
2012-09-30 3,645.28 171.74 619.61
2012-06-30 3,884.01 193.56 613.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pitti Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pitti Engineering used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.
  • Pitti Engineering has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pitti Engineering's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pitti Engineering has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pitti Engineering's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pitti Engineering's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pitti Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pitti Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pitti Engineering's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pitti Engineering Company Filings, last reported 2 months ago.

BSE:513519 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,759.64 2,278.38 139.85
2018-12-31 1,653.08 2,225.80 134.68
2018-09-30 1,653.08 2,225.80 134.68
2018-06-30 1,545.64 2,549.62 135.40
2018-03-31 1,545.64 2,549.62 135.40
2017-12-31 1,187.88 2,392.23 191.48
2017-09-30 1,187.88 2,392.23 191.48
2017-06-30 1,132.38 1,942.55 110.18
2017-03-31 1,124.20 1,807.11 110.34
2016-12-31 1,097.04 1,369.00 100.73
2016-09-30 1,097.04 1,369.00 100.73
2016-06-30 1,069.54 1,696.21 182.31
2016-03-31 1,069.54 1,740.64 182.31
2015-12-31 1,159.79 1,657.29 164.95
2015-09-30 1,159.79 1,657.29 164.95
2015-06-30 1,172.51 1,364.19 152.89
2015-03-31 1,172.51 1,431.73 152.89
2014-12-31 1,129.87 1,151.86 139.48
2014-09-30 1,129.87 1,151.86 139.48
2014-06-30 1,115.70 1,152.39 94.70
2014-03-31 1,115.70 1,205.36 94.70
2013-12-31 1,108.48 1,105.75 61.04
2013-09-30 1,108.48 1,105.75 61.04
2013-06-30 1,089.43 1,447.51 63.10
2013-03-31 1,089.43 1,499.18 63.10
2012-12-31 1,054.18 1,561.83 138.32
2012-09-30 1,054.18 1,561.83 138.32
2012-06-30 1,006.64 1,529.21 113.74
  • Pitti Engineering's level of debt (129.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (108% vs 129.5% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Pitti Engineering's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pitti Engineering has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pitti Engineering's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pitti Engineering dividends.
If you bought ₹2,000 of Pitti Engineering shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pitti Engineering's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pitti Engineering's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:513519 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Electrical Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1450 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:513519 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:513519 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2017-02-13 0.000 0.000
2016-11-07 0.000 0.000
2016-08-10 0.000 0.000
2016-05-20 0.000 0.000
2015-09-01 1.250 2.985
2015-04-24 1.250 1.947
2015-01-29 0.750 1.274
2015-01-28 0.750 1.556
2014-09-01 0.500 1.595
2014-05-26 0.500 1.800
2013-08-23 0.500 2.939
2013-05-03 0.500 3.361
2012-07-23 1.500 6.116
2012-04-30 1.500 3.643
2011-08-17 0.500 1.737
2011-02-08 0.000 0.000
2010-10-29 0.000 0.000
2010-08-06 0.000 0.000
2010-05-27 0.000 0.000
2009-06-30 0.500 2.772

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pitti Engineering has not reported any payouts.
  • Unable to verify if Pitti Engineering's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pitti Engineering's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pitti Engineering has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pitti Engineering's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pitti Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pitti Engineering has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pitti Engineering's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sharad Pitti
COMPENSATION ₹4,825,000
AGE 61
CEO Bio

Mr. Sharad B. Pitti serves as the Chairman and Managing Director at Pitti Laminations Limited. Mr. Pitti serves as the Chairman at Pitti Castings Pvt Ltd. Mr. Pitti serves as a Member of the Board of Directors at Pitti Electrical Equipment Private Limited. He has been a Director of Pitti Laminations Limited since September 17, 1983.

CEO Compensation
  • Sharad's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sharad's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Pitti Engineering management team in years:

3.3
Average Tenure
  • The tenure for the Pitti Engineering management team is about average.
Management Team

Sharad Pitti

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
61

Akshay Pitti

TITLE
Vice Chairman & MD
COMPENSATION
₹5M
AGE
33
TENURE
9.3 yrs

Nand Khandelwal

TITLE
CFO & President of Corporate Resources
COMPENSATION
₹5M
TENURE
3.3 yrs

Mary Braganza

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹1M
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Pitti Engineering board of directors in years:

10.6
Average Tenure
64
Average Age
  • The average tenure for the Pitti Engineering board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Sharad Pitti

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
61

Akshay Pitti

TITLE
Vice Chairman & MD
COMPENSATION
₹5M
AGE
33
TENURE
9.3 yrs

Nagabhushan Ganti

TITLE
Independent Director
COMPENSATION
₹365K
AGE
69
TENURE
16.7 yrs

Gummalla Kumar

TITLE
Independent Director
COMPENSATION
₹230K
AGE
63
TENURE
12.8 yrs

Swaminathan Thiagarajan

TITLE
Independent Director
COMPENSATION
₹345K
AGE
64
TENURE
4.2 yrs

Muddusetty Gopalakrishna

TITLE
Independent Director
COMPENSATION
₹240K
AGE
79
TENURE
12 yrs

Gayathri Ramachandran

TITLE
Independent Director
COMPENSATION
₹275K
AGE
70
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Pitti Engineering's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pitti Engineering has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Pitti Engineering Limited (BOM:513519) May Not Be As Efficient As Its Industry

and looking to gauge the potential return on investment in Pitti Engineering Limited (BOM:513519). … Pitti Engineering Limited’s (BOM:513519) most recent return on equity was a substandard 7.30% relative to its industry performance of 10.79% over the past year. … Return on Equity (ROE) weighs Pitti Engineering’s profit against the level of its shareholders’ equity.

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Company Info

Description

Pitti Engineering Limited manufactures and sells electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools in India and internationally. The company offers laminations for various rotating electrical machinery; and manufactures dies, jigs, fixtures, and press tools. It also provides die cast rotors and assemblies, stator and rotor core assemblies, pole assemblies, and casting and machine components, as well as steel fabricated parts. In addition, the company offers windmills castings, assembled laminations stacks, compressor castings, stator frames, transmission housings, and parts for off highway vehicles; and ductile iron, grey iron, and plain carbon steel grades, as well as components for various industries, including railways off highway vehicles, earthmoving equipment, compressors, windmills, power sector, transmission parts, oil and gas, etc. Its products has applications in industrial motors, alternators, hydro and thermal power generators, wind power generators, DC machines, traction motors, pumps, medical diagnostic equipment, and aeronautic wing control motors. The company was formerly known as Pitti Laminations Limited and changed its name to Pitti Engineering Limited in May 2018. Pitti Engineering Limited was founded in 1983 and is based in Hyderabad, India.

Details
Name: Pitti Engineering Limited
513519
Exchange: BSE
Founded: 1983
₹1,407,874,284
29,827,845
Website: http://www.pitti.in
Address: Pitti Engineering Limited
6-3-648/401, Padmaja Landmark,
4th Floor,
Hyderabad,
Andhra Pradesh, 500082,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 513519 Equity Shares Mumbai Stock Exchange IN INR 12. Mar 2002
NSEI PITTIENG Equity Shares National Stock Exchange of India IN INR 12. Mar 2002
Number of employees
Current staff
Staff numbers
960
Pitti Engineering employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 12:38
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.