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PITT

Pitti EngineeringNSEI:PITTIENG Stock Report

Market Cap

₹7.5b

7D

15.0%

1Y

400.2%

Updated

26 Nov, 2021

Data

Company Financials
PITTIENG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends2/6

PITTIENG Stock Overview

Pitti Engineering Limited manufactures and sells manufactures electrical sheet metal products in India.

Price History & Performance

Summary of all time highs, changes and price drops for Pitti Engineering
Historical stock prices
Current Share Price₹234.85
52 Week High₹236.80
52 Week Low₹45.45
Beta0.91
1 Month Change30.18%
3 Month Change60.25%
1 Year Change400.21%
3 Year Change209.01%
5 Year Change348.62%
Change since IPO451.61%

Recent News & Updates

Nov 08
Pitti Engineering (NSE:PITTIENG) Is Investing Its Capital With Increasing Efficiency

Pitti Engineering (NSE:PITTIENG) Is Investing Its Capital With Increasing Efficiency

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Sep 13
I Ran A Stock Scan For Earnings Growth And Pitti Engineering (NSE:PITTIENG) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Pitti Engineering (NSE:PITTIENG) Passed With Ease

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

PITTIENGIN ElectricalIN Market
7D15.0%-4.4%-3.3%
1Y400.2%82.3%43.0%

Return vs Industry: PITTIENG exceeded the Indian Electrical industry which returned 92.9% over the past year.

Return vs Market: PITTIENG exceeded the Indian Market which returned 47.7% over the past year.

Price Volatility

Is PITTIENG's price volatile compared to industry and market?
PITTIENG volatility
PITTIENG Average Weekly Movement6.9%
Electrical Industry Average Movement6.3%
Market Average Movement6.0%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market3.8%

Stable Share Price: PITTIENG is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PITTIENG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19831,159Sharad Pittihttps://www.pitti.in

Pitti Engineering Limited manufactures and sells manufactures electrical sheet metal products in India. It manufactures engineering products of iron and steel, including electrical steel laminations, stator and rotor core assemblies, subassemblies, pole assemblies, die-cast rotors, press tools, and high precision machining of various metal components. The company’s products are used in hydro and thermal generation, windmill, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, e-mobility, appliances, medical equipment, oil and gas, and other industrial applications.

Pitti Engineering Fundamentals Summary

How do Pitti Engineering's earnings and revenue compare to its market cap?
PITTIENG fundamental statistics
Market Cap₹7.54b
Earnings (TTM)₹487.87m
Revenue (TTM)₹7.39b

15.5x

P/E Ratio

1.0x

P/S Ratio


Dividends

0.3%

Current Dividend Yield

5%

Payout Ratio

Valuation

Is Pitti Engineering undervalued compared to its fair value and its price relative to the market?

15.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PITTIENG (₹234.85) is trading above our estimate of fair value (₹97.2)

Significantly Below Fair Value: PITTIENG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PITTIENG is good value based on its PE Ratio (15.5x) compared to the Indian Electrical industry average (21.2x).

PE vs Market: PITTIENG is good value based on its PE Ratio (15.5x) compared to the Indian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PITTIENG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PITTIENG is overvalued based on its PB Ratio (2.9x) compared to the IN Electrical industry average (1.5x).


Future Growth

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

24.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pitti Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Pitti Engineering performed over the past 5 years?

35.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PITTIENG has high quality earnings.

Growing Profit Margin: PITTIENG's current net profit margins (6.6%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: PITTIENG has become profitable over the past 5 years, growing earnings by 35.8% per year.

Accelerating Growth: PITTIENG's earnings growth over the past year (726.2%) exceeds its 5-year average (35.8% per year).

Earnings vs Industry: PITTIENG earnings growth over the past year (726.2%) exceeded the Electrical industry 72.2%.


Return on Equity

High ROE: PITTIENG's Return on Equity (19.1%) is considered low.


Financial Health

How is Pitti Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: PITTIENG's short term assets (₹4.6B) exceed its short term liabilities (₹3.8B).

Long Term Liabilities: PITTIENG's short term assets (₹4.6B) exceed its long term liabilities (₹1.5B).


Debt to Equity History and Analysis

Debt Level: PITTIENG's net debt to equity ratio (104.7%) is considered high.

Reducing Debt: PITTIENG's debt to equity ratio has reduced from 124.8% to 111% over the past 5 years.

Debt Coverage: PITTIENG's debt is well covered by operating cash flow (28.9%).

Interest Coverage: PITTIENG's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

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

0.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PITTIENG's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: PITTIENG's dividend (0.34%) is low compared to the top 25% of dividend payers in the Indian market (1.44%).


Stability and Growth of Payments

Stable Dividend: PITTIENG's dividend payments have been volatile in the past 10 years.

Growing Dividend: PITTIENG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.1%), PITTIENG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Sharad Pitti (64 yo)

no data

Tenure

₹9,878,000

Compensation

Mr. Sharad Badrivishal Pitti serves as the Chairman and Managing Director at Pitti Engineering Limited (formerly known as Pitti Laminations Limited). Mr. Pitti serves as the Chairman at Pitti Castings Pvt...


CEO Compensation Analysis

Compensation vs Market: Sharad's total compensation ($USD132.59K) is above average for companies of similar size in the Indian market ($USD39.44K).

Compensation vs Earnings: Sharad's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PITTIENG's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: PITTIENG's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pitti Engineering Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pitti Engineering Limited
  • Ticker: PITTIENG
  • Exchange: NSEI
  • Founded: 1983
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: ₹7.538b
  • Shares outstanding: 32.05m
  • Website: https://www.pitti.in

Number of Employees


Location

  • Pitti Engineering Limited
  • 6-3-648/401, Padmaja Landmark
  • 4th Floor
  • Hyderabad
  • 500082
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 16:00
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.