PITTIENG Stock Overview
Pitti Engineering Limited manufactures and sells manufactures electrical sheet metal products in India.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹234.85|
|52 Week High||₹236.80|
|52 Week Low||₹45.45|
|1 Month Change||30.18%|
|3 Month Change||60.25%|
|1 Year Change||400.21%|
|3 Year Change||209.01%|
|5 Year Change||348.62%|
|Change since IPO||451.61%|
Recent News & Updates
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...
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...
|PITTIENG||IN Electrical||IN Market|
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.
|PITTIENG Average Weekly Movement||6.9%|
|Electrical Industry Average Movement||6.3%|
|Market Average Movement||6.0%|
|10% most volatile stocks in IN Market||9.0%|
|10% least volatile stocks in IN Market||3.8%|
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
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
|PITTIENG fundamental statistics|
Is PITTIENG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PITTIENG income statement (TTM)|
|Cost of Revenue||₹4.95b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 14, 2022
|Earnings per share (EPS)||15.22|
|Net Profit Margin||6.60%|
How did PITTIENG perform over the long term?See historical performance and comparison
0.3%Current Dividend Yield
Is Pitti Engineering undervalued compared to its fair value and its price relative to the market?
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).
How is Pitti Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Pitti Engineering performed over the past 5 years?
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.
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).
What is Pitti Engineering current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sharad Pitti (64 yo)
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.
Experienced Management: PITTIENG's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: PITTIENG's board of directors are seasoned and experienced ( 13 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pitti Engineering Limited's employee growth, exchange listings and data sources
- 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
- Pitti Engineering Limited
- 6-3-648/401, Padmaja Landmark
- 4th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/26 16:00|
|End of Day Share Price||2021/11/26 00:00|
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.