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About Pitti Engineering Ltd
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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.
Pitti Engineering share price as on 22 May 2025 is Rs. 983.75. Over the past 6 months, the Pitti Engineering share price has decreased by 25.32% and in the last one year, it has increased by 13.28%. The 52-week low for Pitti Engineering share price was Rs. 801 and 52-week high was Rs. 1512.4.
513519
PITTIENG
INE450D01021
Sep
Pitti Engineering Ltd FAQs
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 May 21, 2025 03:58 PM the closing price of Pitti Engineering Ltd was Rs.983.75.
The latest PE ratio of Pitti Engineering Ltd as of May 21, 2025 03:58 PM is 30.26
The latest PB ratio of Pitti Engineering Ltd as of May 21, 2025 03:58 PM is 0.24
The 52-week high of Pitti Engineering Ltd share price is Rs. 1,512.40 while the 52-week low is Rs. 801.00
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 May 21, 2025 03:58 PM, the market cap of Pitti Engineering Ltd stood at Rs. 3,704.21 Cr.
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