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Pitti Engineering Ltd share Price Today

Company details

975.00
1,006.00
355.00
1,006.00
6M Return 43.42%
1Y Return 157.86%
Mkt Cap.(Cr) 3,147.47
Volume 149,985
Div Yield 0.15%
OI
-
OI Chg %
-
Volume 149,985

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Electrical Equipment & Products company Pitti Engineering announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations was at Rs 327.88 crore, as compared to Rs 247.50 crore in Q4FY23, up by 32.48%
  • EBITDA was at Rs 48.64 crore, as compared to Rs 40.56 crore, registered a growth of 19.92%
  • Net profit was at Rs 40.36 crore, as compared to Rs 24.84 crore in FY23, registered a growth of 62.48% 

FY24 Financial Highlights:

  • Revenue from operations was at Rs 1,201.60 crore, as compared to Rs 1,100.17 crore in FY23, grown by 9.22%
  • EBITDA was at Rs 177.72 crore, as compared to Rs 151.39 crore in FY23, grown by 17.39%
  • Net profit was at Rs 90.20 crore, as compared to Rs 58.83 crore in FY23, registered a growth of 53.32% 

Commenting on the results, Akshay S Pitti, Vice Chairman & Managing Director, said that, "I am pleased to report that FY24 has been the best in the company's history, recording alltime high revenues, profitability, and sales volume. Also, in the current quarter, an incentive amount of Rs 30.45 crore was accounted for under the Maharashtra State Industrial Promotion Scheme."

Result PDF

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Pitti Engineering Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • New 52 week high today

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • High volume, top losers

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies Increasing Debt as per Annual Report
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,000.4
R2 1,018.7
R3 1,031.4
Pivot

987.68

S1 969.4
S2 956.7
S3 938.4
EMA SMA
920.1
870.1
812.4
721.9
910.5
869.7
790.7
728.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
AMIT KUMAR AGARWAL Bulk Sell 2022-01-06 251.78 240000 NSE
HSQUARE GLOBETRADE LLP Bulk Purchase 2021-06-21 129.23 23445 NSE
HSQUARE GLOBETRADE LLP Bulk Sell 2021-06-21 126.5 348445 NSE
Name Category Shares
Sharad Badrivishal Pitti PROMOTER 13.57%
Akshay Sharad Pitti PROMOTER 13.19%
Madhuri Sharad Pitti PROMOTER 5.49%
Pitti Electrical Equipment Private Limited PROMOTER 26.98%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Pitti Engineering Ltd Stocks COMPARISON

Financials( in Cr) Pitti Engineering Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 982.05 3,825.60 5,311.90 1,773.95 2,714.65
% Change -1.16 3.05 -0.57 2.10 0.11
Mcap Cr 3,147.47 106,045.63 63,294.48 33,750.82 30,056.60
Revenue TTM Cr 1,114.79 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 58.83 1,228.15 450.70 441.70 295.08
PE TTM 34.95 61.66 107.46 73.17 78.30
1 Year Return 157.86 107.55 127.03 48.45 28.74
ROCE 18.01 26.89 14.53 20.69 27.49
ROE 19.04 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 334.04 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

Pitti Engineering Ltd Information

Stock PE (TTM)
34.95
Promoter Holding
59.29%
Book Value
129.864
ROCE
18.01%
ROE
19.04%
Description
  • Pitti Engineering Limited (Formerly known as Pitti Laminations Limited) was incorporated on September 17, 1983. The Company is engaged in manufacture of engineering products of iron and steel including electrical steel lamination, sub-assemblies for motor & generator cores, die-cast rotors and machined casted & fabricated parts and shafts. The Company supplies a range of engineering products to vastly diversified segments like 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 & gas and several other Industrial applications. Their products finds a suitable application in almost all engineering application. The company came out with a public issue of 19 lac shares at a premium of Rs 10 per share, aggregating Rs 3.80 cr, in Jan.`94. The proceeds of the issue were utilised to part-finance the Rs 5.6-cr project to expand the company`s product range of electrical-grade stampings. PLL has been awarded the ISO 9002 certification by Bureau Veritas Quality International (BVQI) for the manufacture of electrical stampings and die-cast rotors. The company`s clientele includes prestigeous companies like Asea Brown Boveri, Siemens, GEC, Kirloskar, Crompton Greaves, Bharat Bijlee, etc. In 1994-95, PLL expanded its capacity to 4000 tpa. It has launched a second expansion programme to raise the capacity from 4000 tpa to 6000 tpa at an estimated cost of Rs 4.80 cr. The expansion scheme is designed to produce higher volumes of stampings of different diameters to serve the specific needs of the customers. It plans to integrate forward into the manufacture of die-cast rotors and wound stators. At the end of the financial year 1998-99, the company`s accumulated losses exceeded its net worth, therefore the company would be treated as a Sick Industrial Company under the provisions of the Sick Industrial Companies (special provisions) Act, 1985. During the year 99-00 a growth of 18.76% was achieved in sales.In the year 2000 the BIFR has declared the company as Sick company and State Bank of India,Industrial Finance Branch Hydrebad has been appointed as Operating agency. The company has registered a growth of 11.98% in the turnover during the year 2000-01.Therefore the turnover of the company is stood at Rs.2520.09 lakhs during the year 2001 as against Rs.2250.42 lakhs in the previous year. Though the improvement in sales volume is nominal, larger revenue has derived from commercialization of tool room and relatively higher exports during the year. The Phase I New Plant with an installed capacity of 4000 MT per annum commenced commercial operations on 13th April, 2005. The expansion-cum-modernisation project of the Company was commissioned in Sep` 06. The Forward Integration Project of Motor Housing was commissioned on January 28, 2008. During the year 2017-18, the Company had commenced operations at the Aurangabad and commenced commercial production at Hyderabad (Plant -IV). The Company`s name was renamed from `Pitti Laminations Limited` to `Pitti Engineering Limited`, effective from May 08, 2018. During the year 2020-21, Company incorporated a Wholly Owned Subsidiary (WoS) viz., Pitti Rail and Engineering Components Limited on 5th October 2020.

Registered Address

Padmaja Landmark 4th Floor, 6-3-648/401 Somajiguda, Hyderabad, Telangana, 500082

Tel : 91-40-23312770/23312774
Email : shares:pitti.in
Website : http://www.pitti.in
Registrar

XL Softech Systems Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 513519
NSE Code : PITTIENG
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE450D01021

FAQ’s on Pitti Engineering Ltd Shares

You can buy Pitti Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Pitti Engineering Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 04:01 PM the closing price of Pitti Engineering Ltd was Rs.982.05.

The latest PE ratio of Pitti Engineering Ltd as of Jun 14, 2024 04:01 PM is 34.95

The latest PB ratio of Pitti Engineering Ltd as of Jun 14, 2024 04:01 PM is 0.13

The 52-week high of Pitti Engineering Ltd share price is Rs. 1,006.00 while the 52-week low is Rs. 355.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 04:01 PM, the market cap of Pitti Engineering Ltd stood at Rs. 3,147.47.

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