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5325

PTC India BSE:532524 Stock Report

Last Price

₹77.70

Market Cap

₹23.0b

7D

-0.6%

1Y

-32.7%

Updated

04 Oct, 2022

Data

Company Financials
532524 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends4/6

532524 Stock Overview

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

PTC India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PTC India
Historical stock prices
Current Share Price₹77.70
52 Week High₹144.45
52 Week Low₹70.25
Beta0.75
1 Month Change-8.26%
3 Month Change-3.00%
1 Year Change-32.67%
3 Year Change45.64%
5 Year Change-35.79%
Change since IPO74.02%

Recent News & Updates

Shareholder Returns

532524IN Renewable EnergyIN Market
7D-0.6%-1.3%-0.6%
1Y-32.7%35.9%-3.0%

Return vs Industry: 532524 underperformed the Indian Renewable Energy industry which returned 35.9% over the past year.

Return vs Market: 532524 underperformed the Indian Market which returned -3% over the past year.

Price Volatility

Is 532524's price volatile compared to industry and market?
532524 volatility
532524 Average Weekly Movement3.5%
Renewable Energy Industry Average Movement6.4%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

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.

About the Company

FoundedEmployeesCEOWebsite
1999102Rajib Mishrahttps://www.ptcindia.com

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 activities, as well as cross border power trading business. It is involved in project financing activities, such as investing and providing financing solutions to projects in the power sector and related areas in the energy value chain.

PTC India Fundamentals Summary

How do PTC India's earnings and revenue compare to its market cap?
532524 fundamental statistics
Market Cap₹23.00b
Earnings (TTM)₹4.26b
Revenue (TTM)₹176.85b

5.4x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532524 income statement (TTM)
Revenue₹176.85b
Cost of Revenue₹157.74b
Gross Profit₹19.11b
Other Expenses₹14.85b
Earnings₹4.26b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.40
Gross Margin10.81%
Net Profit Margin2.41%
Debt/Equity Ratio176.5%

How did 532524 perform over the long term?

See historical performance and comparison

Dividends

9.7%

Current Dividend Yield

52%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 532524 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532524?

Other financial metrics that can be useful for relative valuation.

532524 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA6.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 532524's PE Ratio compare to its peers?

532524 PE Ratio vs Peers
The above table shows the PE ratio for 532524 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
517300 Gujarat Industries Power
6.6xn/a₹13.1b
513683 NLC India
7.5xn/a₹97.5b
533148 JSW Energy
23x0.7%₹480.7b
ADANIPOWER Adani Power
16.5xn/a₹1.4t
532524 PTC India
5.4xn/a₹23.0b

Price-To-Earnings vs Peers: 532524 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does 532524's PE Ratio compare vs other companies in the IN Renewable Energy Industry?

Price-To-Earnings vs Industry: 532524 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the Asian Renewable Energy industry average (14.3x)


Price to Earnings Ratio vs Fair Ratio

What is 532524'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.

532524 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 532524's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 532524 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532524 (₹77.7) is trading below our estimate of fair value (₹1093.4)

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


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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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.1%

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 PTC 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.


Discover growth companies

  • Examine whether PTC India is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • PTC India competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has PTC India performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532524 has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: 532524's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: 532524's earnings growth over the past year (0.2%) is below its 5-year average (6.6% per year).

Earnings vs Industry: 532524 earnings growth over the past year (0.2%) underperformed the Renewable Energy industry 79.2%.


Return on Equity

High ROE: 532524's Return on Equity (8.3%) is considered low.


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Financial Health

How is PTC India's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 532524's short term assets (₹115.0B) exceed its short term liabilities (₹89.9B).

Long Term Liabilities: 532524's short term assets (₹115.0B) exceed its long term liabilities (₹64.7B).


Debt to Equity History and Analysis

Debt Level: 532524's net debt to equity ratio (152.4%) is considered high.

Reducing Debt: 532524's debt to equity ratio has reduced from 189.7% to 176.5% over the past 5 years.

Debt Coverage: 532524's debt is well covered by operating cash flow (27.4%).

Interest Coverage: 532524's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.65%

Current Dividend Yield

Dividend Yield vs Market

PTC India Dividend Yield vs Market
How does PTC India dividend yield compare to the market?
SegmentDividend Yield
Company (PTC India)9.7%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Renewable Energy)3.8%
Analyst forecast in 3 Years (PTC India)n/a

Notable Dividend: 532524's dividend (9.65%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 532524's dividend (9.65%) is in the top 25% of dividend payers in the Indian market (1.63%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.1%), 532524's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average board tenure


CEO

Rajib Mishra (59 yo)

7.67yrs

Tenure

₹3,500,000

Compensation

Dr. Rajib Kumar Mishra serves as Nominee Director at PTC India Financial Services Limited from November 08, 2021. He has been a Director of Marketing, HR and Business Development at PTC India Limited Febru...


CEO Compensation Analysis

Rajib Mishra's Compensation vs PTC India Earnings
How has Rajib Mishra's remuneration changed compared to PTC India's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021n/an/a

₹4b

Sep 30 2021n/an/a

₹5b

Jun 30 2021n/an/a

₹5b

Mar 31 2021₹4m₹3m

₹4b

Dec 31 2020n/an/a

₹4b

Sep 30 2020n/an/a

₹4b

Jun 30 2020n/an/a

₹4b

Mar 31 2020₹14mn/a

₹4b

Dec 31 2019n/an/a

₹4b

Sep 30 2019n/an/a

₹4b

Jun 30 2019n/an/a

₹4b

Mar 31 2019₹12mn/a

₹4b

Mar 31 2018₹11mn/a

₹2b

Mar 31 2017n/an/a

₹4b

Mar 31 2016₹8mn/a

₹3b

Compensation vs Market: Insufficient data to establish whether Rajib's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Rajib's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 532524's board of directors are not considered experienced ( 2.3 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

What is the ownership structure of 532524?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders134,0200.05%
State or Government185,2820.06%
Private Companies10,002,9753.4%
Public Companies36,000,00012.2%
Institutions115,701,70639.1%
General Public133,984,33845.3%

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


Top Shareholders

Top 25 shareholders own 54.51% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.52%
Fidelity International Ltd
28,173,306₹2.2b0%0.01%
5.96%
Life Insurance Corporation of India, Asset Management Arm
17,654,072₹1.4b0%0.01%
4.37%
CIM Investment Management Limited
12,932,771₹1.0b-7.62%45%
4.05%
Power Grid Corporation of India Limited
12,000,000₹932.4m0%no data
4.05%
Power Finance Corporation Limited, Asset Management Arm
12,000,000₹932.4m0%9.77%
4.05%
NTPC Limited
12,000,000₹932.4m0%no data
4.05%
NHPC Limited
12,000,000₹932.4m0%no data
3.38%
Damodar Valley Corporation
10,000,000₹777.0m0%no data
2.86%
Aditya Birla Sun Life AMC Limited
8,465,330₹657.8m0%0.05%
2.23%
The Vanguard Group, Inc.
6,612,757₹513.8m0%no data
2.01%
Invesco Ltd.
5,955,562₹462.7m0%no data
1.55%
Dimensional Fund Advisors LP
4,576,215₹355.6m0.05%no data
1.51%
BNY Mellon Asset Management
4,470,319₹347.3m1.93%no data
1.03%
Acadian Asset Management LLC
3,062,231₹237.9m0%0.01%
1.01%
Nippon Life India Asset Management Limited
2,993,065₹232.6m0%0.01%
0.75%
Norges Bank Investment Management
2,206,115₹171.4m0%no data
0.66%
State Street Global Advisors, Inc.
1,939,703₹150.7m2.2%no data
0.42%
Pacific Investment Management Company LLC
1,253,247₹97.4m47.82%0.01%
0.32%
Perinvest (UK) Ltd
938,996₹73.0m-6.1%1.06%
0.2%
Tata Asset Management Limited
600,000₹46.6m0%0.01%
0.19%
SEI Investments Company
570,207₹44.3m-35.91%no data
0.11%
AXA Investment Managers S.A.
324,886₹25.2m0%no data
0.093%
Victory Capital Management Inc.
275,182₹21.4m0%no data
0.061%
Pendal Group Limited
180,955₹14.1m-9.63%no data
0.057%
Grantham Mayo Van Otterloo & Co. LLC
169,985₹13.2m-60.32%no data

Company Information

PTC India Limited's 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
  • Implied Market Cap: ₹23.000b
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2021/12/31
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.