Pitti Engineering Limited

NSEI:PITTIENG Stock Report

Market Cap: ₹47.7b

Pitti Engineering Valuation

Is PITTIENG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PITTIENG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PITTIENG (₹1342.75) is trading above our estimate of fair value (₹17.7)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PITTIENG?

Key metric: As PITTIENG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PITTIENG. This is calculated by dividing PITTIENG's market cap by their current earnings.
What is PITTIENG's PE Ratio?
PE Ratio49.3x
Earnings₹967.74m
Market Cap₹47.67b

Price to Earnings Ratio vs Peers

How does PITTIENG's PE Ratio compare to its peers?

The above table shows the PE ratio for PITTIENG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52x
503960 Bharat Bijlee
34.8xn/a₹42.1b
HPL HPL Electric & Power
48.3x42.4%₹31.0b
PRECWIRE Precision Wires India
38.1xn/a₹31.0b
EXICOM Exicom Tele-Systems
86.8xn/a₹32.7b
PITTIENG Pitti Engineering
49.3x29.7%₹47.7b

Price-To-Earnings vs Peers: PITTIENG is good value based on its Price-To-Earnings Ratio (49.3x) compared to the peer average (52x).

Price to Earnings Ratio vs Industry

How does PITTIENG's PE Ratio compare vs other companies in the IN Electrical Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
504058 Indo National
2.7xn/aUS$45.56m
533203 Tarapur Transformers
4.4xn/aUS$6.93m
No more companies available in this PE range
PITTIENG 49.3xIndustry Avg. 47.1xNo. of Companies12PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PITTIENG is expensive based on its Price-To-Earnings Ratio (49.3x) compared to the Indian Electrical industry average (45.4x).

Price to Earnings Ratio vs Fair Ratio

What is PITTIENG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PITTIENG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.3x
Fair PE Ratio40.8x

Price-To-Earnings vs Fair Ratio: PITTIENG is expensive based on its Price-To-Earnings Ratio (49.3x) compared to the estimated Fair Price-To-Earnings Ratio (40.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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