PTCPower

PTC India Limited

Power Trading · ISIN INE877F01012 · BSE 532524 · NSE EQ · FV ₹10
Last price
₹156
+2.61%today
What this company does

PTC India Limited operates in Power Trading, part of the Power sector. It booked ₹4,774 cr of revenue in its latest quarter (Q1 FY27) and kept 2.1% of sales as profit.

In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 10–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns30

How much profit it earns on the money it employs

Balance sheet86

How much it owes, and whether earnings cover the interest

Cash quality92

Whether reported profit actually arrives as cash

Growth & consistency51

Whether sales and profit have grown, and how steadily

Valuation89

What today's price implies, against our models or its peers

Governance & risk72

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 19% vs last year
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.1% net margin
! Profit down 50% vs last year
! Low 6.6% return on equity

What if I invest in PTC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹156 +2.61%
latest close · 2026-09-17
1-year return
+63.1%
52-wk low ₹7152-wk high ₹204
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.8Low
LowAverageHigh
P/B ratio0.77Below book
Below bookModerateHigh
EV / EBITDA7.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.6%Weak
WeakFairStrong ▸15%
Return on capital10.0%Fair
WeakFairStrong
Net margin2.1%Thin
ThinDecentStrong
EBITDA margin4.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Interest cover3.9×Okay
RiskyOkayStrong ▸5×
Current ratio2.24Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4,616 cr
Book value
₹202
EPS
₹3.31
latest quarter
Net debt
₹1,482 cr
owes more than its cash
Enterprise value
₹6,097 cr
EBITDA
₹817 cr
annualised
EBIT
₹807 cr
annualised
Operating margin
4.2%
Return on assets
3.1%
Earnings yield
8.49%
P/S
0.24
Sales / share
₹645.1
Tax rate
26.0%
Face value
₹10
Shares
29.6 cr
Working capital
₹5,612 cr
Current assets
₹10,142 cr
Current liabilities
₹4,530 cr
Delivery %
61.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Priced about rightMedium confidence
Median of 3 models ₹154 vs market price ₹156 — price is 1% above it
Safety cushion-1.1%(target ≥ +20%)
Models span ₹112₹267, midpoint ₹154
Model ₹154
Price ₹156
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,774 cr
Other Income₹54 cr
Total Income₹4,827 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹4,557 cr
Employee Benefit Expense₹26 cr
Finance Costs₹52 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹40 cr
Total Expenses₹4,678 cr
Profit before Tax₹150 cr
Tax Expense₹39 cr
Share of JV / Associates₹1 cr
Net Profit₹112 cr
Net margin on total income2.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹4,557 cr94.4%
Employee benefit expense₹26 cr0.5%
Finance costs₹52 cr1.1%
Depreciation & amortisation₹2 cr0.1%
Other expenses₹40 cr0.8%
Tax expense₹39 cr0.8%
Profit for the period₹112 cr2.3%
Total income ₹4,827 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,405 cr3,898 cr4,774 cr
Total income3,478 cr3,972 cr4,827 cr
Expenses3,298 cr3,808 cr4,678 cr
Profit before tax176 cr164 cr150 cr
Tax44 cr43 cr39 cr
Net profit (owners' share)114 cr105 cr98 cr
Net margin (owners' share, on revenue)3.3%2.7%2.1%
EPS (₹)3.853.563.31
YoY (latest quarter): total income +17.7% · net profit -49.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹12,631 cr
Shareholder equity
₹5,981 cr
parent shareholders
Total debt
₹1,757 cr
Cash
₹275 cr
Cash flow · H1 FY26
Operating
₹2,236 cr
Investing
₹-2,342 cr
Financing
₹-1,239 cr
Peer comparison
Power · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Power Limited₹206₹3.97 L cr20.7
NTPC Limited₹330₹3.20 L cr11.9
Power Grid Corporation of India Limited₹264₹2.45 L cr17.0
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
Adani Energy Solutions Limited₹1,387₹1.67 L cr36.2
Tata Power Company Limited₹369₹1.18 L cr25.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
16.67%
trailing 12 months
Dividend / share (TTM)
₹26
Last dividend
₹23
ex 10 Aug 2026
ActionDetailEx-date
Dividend₹23 / share10 Aug 2026
Dividend₹3 / share20 Feb 2026
Dividend₹6.7 / share1 Aug 2025
Dividend₹5 / share5 May 2025
Dividend₹7.8 / share19 Sep 2024
Dividend₹7.8 / share20 Sep 2023
Who owns it · 2026-06-30
No pledge
Promoter
16.2%
FII / Foreign
28.9%
DII / Domestic
8.9%
Retail / others
46.0%
Smart-money activity
Insider trades
SoldRupa Amitabh · Immediate relative1,000 · ₹1.0 L28 Jun 21
SoldDeepak Amitabh · Key Managerial Personnel16,000 · ₹16.6 L28 Jun 21
Bulk / block deals
short · NSE21 Sep 26
SoldISHARES CORE MSCI EMERGING MARKETS ETF · NSE22.70 L @ ₹151.1731 Aug 26
short · NSE4926 Aug 26
Stake changes
BoughtBlackRock, Inc. (on behalf of discretionary management clients)→ 5.04% · 1.59 L3 Apr 25
SoldLife Insurance Corporation of India→ 4.24% · 62.96 L20 Mar 25
SoldFunds under the management of FMR LLC and its directand indirect subsidiaries and FIL Limited and its direct andindirect subsidiaries→ 3.12% · 62.90 L15 Apr 24
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Mar 2026
See the official result
1
To alter definition of “Promoters” in Article of Association of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
10.00 cr votes for, 46,967 against · 0% of mutual funds and other big investors said no
2
To alter Article 113 of Article of Association of the Company
Promoters had a personal stake in this
Backed by 35% of shareholders other than promotersneeded 75%
3.47 cr votes for, 6.53 cr against · 65% of mutual funds and other big investors said no
3
To alter Article 117 of Article of Association of the Company
Backed by 100% of shareholders other than promotersneeded 75%
10.00 cr votes for, 53,295 against · 0% of mutual funds and other big investors said no
4
To alter Article 129 of Article of Association of the Company
Promoters had a personal stake in this
Backed by 35% of shareholders other than promotersneeded 75%
3.47 cr votes for, 6.53 cr against · 65% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 16.2% between them · as of 2026-06-30
NHPC LIMITED4.05%
NTPC LIMITED4.05%
POWER FINANCE CORPORATION LTD4.05%
POWER GRID CORPORATION OF INDIA LIMITED4.05%
Business done with them
FY2025 · 4 of the group
The company paid ₹38 cr to companies in the promoter group last year — about 0.2% of its ₹16,241 cr revenue and received ₹58 L back from them.
POWER FINANCE CORPORATION LIMITED
Contribution made to them · Director sitting fees for its nominee directors Dividend paid by the Company
also owns 4.05% of the company
₹9 cr
company paid
NTPC LIMITED
Contribution made to them · Director sitting fees for its nominee directors Dividend paid by the Company
also owns 4.05% of the company
₹9 cr
company paid
POWER GRID CORPORATION OF INDIA LIMITED
Contribution made to them · Director sitting fees for its nominee directors Dividend paid by the Company Services received (wheeling charges)
also owns 4.05% of the company
₹9 cr
company paid
NHPC Limited
Contribution made to them · Director sitting fees for its nominee directors Advance received against disinvestment in equity Dividend paid
also owns 4.05% of the company
₹9 cr
company paid
POWER FINANCE CORPORATION LIMITED
Provided services to them · Director sitting fees for its nominee directors Dividend paid by the Company
also owns 4.05% of the company
₹58 L
company received
POWER GRID CORPORATION OF INDIA LIMITED
Other payments to them · Director sitting fees for its nominee directors Dividend paid by the Company Services received (wheeling charges)
also owns 4.05% of the company
₹8 L
company paid
NHPC Limited
Other payments to them · Director sitting fees for its nominee directors Advance received against disinvestment in equity Dividend paid
also owns 4.05% of the company
₹7 L
company paid
NTPC LIMITED
Other payments to them · Director sitting fees for its nominee directors Dividend paid by the Company
also owns 4.05% of the company
₹6 L
company paid
POWER FINANCE CORPORATION LIMITED
Other payments to them · Director sitting fees for its nominee directors Dividend paid by the Company
also owns 4.05% of the company
₹5 L
company paid

The company also transacted with 28 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.