BSE:532524

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

PTC India Limited, together with its subsidiaries, engages in the trading of power in India, Nepal, Bhutan, and Bangladesh. More Details


Snowflake Analysis

Good value average dividend payer.

Share Price & News

How has India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532524 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 532524's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

532524

-2.8%

IN Renewable Energy

-0.3%

IN Market


1 Year Return

-4.9%

532524

43.3%

IN Renewable Energy

15.9%

IN Market

Return vs Industry: 532524 underperformed the Indian Renewable Energy industry which returned 43.8% over the past year.

Return vs Market: 532524 underperformed the Indian Market which returned 15.9% over the past year.


Shareholder returns

532524IndustryMarket
7 Day-2.3%-2.8%-0.3%
30 Day-3.9%-4.1%4.9%
90 Day25.4%30.1%24.5%
1 Year9.0%-4.9%48.2%43.3%18.0%15.9%
3 Year-34.3%-48.8%-21.0%-29.1%9.7%4.4%
5 Year33.0%-1.9%5.9%-9.2%82.1%68.4%

Long-Term Price Volatility Vs. Market

How volatile is India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

2 years ago | Simply Wall St

June Top Dividend Payers

2 years ago | Simply Wall St

BSE Favorite Utilities Dividend Stocks

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 532524 (₹59.2) is trading below our estimate of fair value (₹1624.68)

Significantly Below Fair Value: 532524 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 532524 is good value based on its PE Ratio (4.8x) compared to the IN Renewable Energy industry average (9.2x).

PE vs Market: 532524 is good value based on its PE Ratio (4.8x) compared to the Indian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532524's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532524's PB Ratio (0.4x) is in line with the IN Renewable Energy industry average.


Next Steps

Future Growth

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

12.3%

Forecasted Utilities 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 India 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.


Next Steps

Past Performance

How has India performed over the past 5 years?

3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532524 has high quality earnings.

Growing Profit Margin: 532524's current net profit margins (2%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: 532524's earnings have grown by 3.5% per year over the past 5 years.

Accelerating Growth: 532524's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532524 had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the Renewable Energy industry average (-10.5%).


Return on Equity

High ROE: 532524's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is India's financial position?


Financial Position Analysis

Short Term Liabilities: 532524's short term assets (₹115.6B) exceed its short term liabilities (₹97.5B).

Long Term Liabilities: 532524's short term assets (₹115.6B) exceed its long term liabilities (₹81.9B).


Debt to Equity History and Analysis

Debt Level: 532524's debt to equity ratio (222.7%) is considered high.

Reducing Debt: 532524's debt to equity ratio has increased from 161.5% to 222.7% over the past 5 years.

Debt Coverage: 532524's debt is well covered by operating cash flow (31%).

Interest Coverage: 532524's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Next Steps

Dividend

What is India current dividend yield, its reliability and sustainability?

6.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532524's dividend (6.76%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: 532524's dividend (6.76%) is in the top 25% of dividend payers in the Indian market (1.81%)


Stability and Growth of Payments

Stable Dividend: 532524's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532524's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.3%), 532524's dividend payments are well 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?

5.6yrs

Average management tenure


CEO

Deepak Amitabh (60 yo)

8.25yrs

Tenure

₹16,300,000

Compensation

Mr. Deepak Amitabh, M.Sc. has been the Chairman and Managing Director of PTC India Limited since October 16, 2012. Mr. Amitabh served as the Non-Executive Chairman and Managing Director of PTC India Financ...


Leadership Team

NamePositionTenureCompensationOwnership
Deepak Amitabh
Chairman & MD8.25yrs₹16.30m0.027%
₹ 4.7m
Pankaj Goel
CFO & Executive VP of Finance2.75yrs₹8.70m0.00087%
₹ 152.5k
Ajit Kumar
Director of Commercial & Operations and Whole Time Director5.75yrs₹13.60mno data
Rajiv Maheshwari
Compliance Officer & Company Secretaryno data₹6.20mno data
Harish Saran
Executive Director of Marketingno data₹9.20m0.021%
₹ 3.7m
Sanjeev Puri
Senior Vice President of HR5.58yrs₹6.70m0.00027%
₹ 47.3k
Hiranmay De
Executive Vice President of Commercial & Operationsno data₹8.20mno data
Rajib Mishra
Director of Marketing & Business Development and Whole Time Director5.92yrs₹13.60m0.00061%
₹ 106.9k
Rajiv Malhotra
Group Chief Risk Officer & Executive Directorno data₹10.30mno data
Hira Choudhary
Senior Vice President of Commercialno data₹6.70mno data
Bimal Dhar
Head of Commercial Functionsno data₹5.80mno data
Sneh Daheriya
VP & BR Headno datano datano data

5.6yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 532524's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Deepak Amitabh
Chairman & MD8.25yrs₹16.30m0.027%
₹ 4.7m
Ajit Kumar
Director of Commercial & Operations and Whole Time Director5.75yrs₹13.60mno data
Rajib Mishra
Director of Marketing & Business Development and Whole Time Director5.92yrs₹13.60m0.00061%
₹ 106.9k
Ramesh Misra
Independent Director2.08yrs₹300.00kno data
Subhash Mundra
Independent Director0.50yrno datano data
Sushama Nath
Independent Director3.08yrs₹900.00kno data
Jayant Gokhale
Independent Director3.83yrs₹600.00kno data
Rakesh Kacker
Independent Director3.83yrs₹1.00mno data
Parminder Chopra
Nominee Director0.42yrno datano data
Devendra Saksena
Independent Director2.5yrs₹400.00kno data
Mritunjay Narayan
Nominee Director1.25yrsno datano data
Preeti Saran
Independent Director0.42yrno datano data

2.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 532524's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

PTC India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PTC India Limited
  • Ticker: 532524
  • Exchange: BSE
  • Founded: 1999
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: ₹17.524b
  • Shares outstanding: 296.01m
  • Website: https://www.ptcindia.com

Number of Employees


Location

  • PTC India Limited
  • NBCC Tower
  • 2nd Floor
  • New Delhi
  • Delhi
  • 110066
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532524BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2004
PTCNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2004

Biography

PTC India Limited, together with its subsidiaries, engages in the trading of power in India, Nepal, Bhutan, and Bangladesh. The company engages in long term, medium term, and short term power trading activ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 12:08
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.