PTCILCapital Goods

PTC Industries Limited

Castings & Forgings · ISIN INE596F01018 · BSE 539006 · NSE EQ · FV ₹10
Last price
₹22,670
+0.76%today
What this company does

PTC Industries Limited operates in Castings & Forgings, part of the Capital Goods sector. It booked ₹192 cr of revenue in its latest quarter (Q1 FY27) and kept 15.2% of sales as profit. It is the 2nd largest of 9 Castings & Forgings companies we track, by market value.

Their stated vision

is to be the #1 choice in the markets we Our serve, creating value through innovative solutions.

Their stated mission

is to be a leading global manufacturer of engineered metal components, products and systems E through sustainable, disruptive and Endurance innovative technologies.

In the report:
34out of 100
Equitytale Health Score
Strained

Healthier than 34% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 16–113 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)
58

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet48

How much it owes, and whether earnings cover the interest

Cash quality5

Whether reported profit actually arrives as cash

Valuation5

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

Governance & risk93

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 15% net margin
Sales up 97% vs last year
Profit up 466% vs last year
Promoters hold 60%
Watch-outs
! 0.1% of promoter stake pledged
! Low 7.7% return on equity
! Operating cash flow is negative

What if I invest in PTCIL?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹22,670 +0.76%
latest close · 2026-09-17
52-wk low ₹17,53642 sessions so far52-wk high ₹24,125
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 ratio291.1High
LowAverageHigh
P/B ratio22.55High
Below bookModerateHigh
EV / EBITDA157.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.7%Weak
WeakFairStrong ▸15%
Return on capital9.5%Fair
WeakFairStrong
Net margin15.2%Strong
ThinDecentStrong
EBITDA margin28.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover11.1×Strong
RiskyOkayStrong ▸5×
Current ratio3.44Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹33,988 cr
Book value
₹1,005
EPS
₹19.47
latest quarter
Net debt
₹227 cr
owes more than its cash
Enterprise value
₹34,215 cr
EBITDA
₹217 cr
annualised
EBIT
₹161 cr
annualised
Operating margin
21.0%
Return on assets
6.0%
Earnings yield
0.34%
P/S
44.30
Sales / share
₹511.7
Tax rate
20.6%
Face value
₹10
Shares
1.5 cr
Working capital
₹636 cr
Current assets
₹897 cr
Current liabilities
₹261 cr
Delivery %
31.3%
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 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹339₹1,256, midpoint ₹959

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₹192 cr
Other Income₹5 cr
Total Income₹197 cr
Cost of Materials₹76 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-48 cr
Employee Benefit Expense₹46 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹69 cr
Total Expenses₹160 cr
Profit before Tax₹37 cr
Tax Expense₹8 cr
Net Profit₹29 cr
Net margin on total income14.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹28 cr14.0%
Employee benefit expense₹46 cr23.3%
Finance costs₹4 cr1.8%
Depreciation & amortisation₹14 cr7.0%
Other expenses₹69 cr35.1%
Tax expense₹8 cr3.8%
Profit for the period₹29 cr14.8%
Total income ₹197 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue156 cr225 cr192 cr
Total income165 cr237 cr197 cr
Expenses143 cr165 cr160 cr
Profit before tax23 cr72 cr37 cr
Tax4 cr13 cr8 cr
Net profit (owners' share)18 cr60 cr29 cr
Net margin (owners' share, on revenue)11.8%26.6%15.2%
EPS (₹)12.2539.9619.47
YoY (latest quarter): total income +83.0% · net profit +466.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,956 cr
Shareholder equity
₹1,507 cr
parent shareholders
Total debt
₹261 cr
Cash
₹35 cr
Cash flow · H1 FY26
Operating
₹-41 cr
Investing
₹-109 cr
Financing
₹118 cr
Peer comparison
Castings & Forgings · by market value
CompanyPriceMarket capP/E
AIA Engineering Limited₹3,983₹37,173 cr30.9
PTC Industries Limitedthis company₹22,670₹33,988 cr291.1
Happy Forgings Limited₹2,143₹20,227 cr55.2
Balu Forge Industries Limited₹502₹6,089 cr22.8
Steelcast Limited₹303₹3,075 cr32.4
Nelcast Limited₹108₹940 cr45.8
Synergy Green Industries Limited₹592₹920 cr
Kalyani Forge Limited₹1,016₹370 cr20.6
Hilton Metal Forging Limited₹17₹88 cr12.2
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
0.1% pledged
Promoter
59.7%
FII / Foreign
4.0%
DII / Domestic
9.3%
Retail / others
27.0%
Promoter stake down 4.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtANSHOO AGARWAL · Promoter Group25,59320 Nov 25
SoldRITIKA AGARWAL · Promoter Group25,59320 Nov 25
SoldKanchan Agarwal · Promoter Group1,451 · ₹2.1 cr6 Sep 24
Bulk / block deals
short · NSE524 Jul 26
short · NSE115 May 26
short · NSE924 Apr 26
Stake changes
BothAnshoo Agarwal · promoter→ 1.23% · 25,59320 Nov 25
BothRitika Agarwal · promoter→ 0.00% · 25,59320 Nov 25
SoldKiran Arun Prasad · promoter→ 0.31% · 4,60026 Jun 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.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
To receive, consider and adopt (a) the audited financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors’ and Auditors’ thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2025 and the report of the Auditors thereon
Backed by 73% of shareholders other than promotersneeded 50%
11.97 L votes for, 4.53 L against
2
To re-appoint Mr. Priya Ranjan Agarwal as a director liable to retire by rotation
Backed by 61% of shareholders other than promotersneeded 50%
10.07 L votes for, 6.43 L against
3
To appoint the Secretarial Auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
16.50 L votes for, 6 against
4
Re-appointment of Mr. Sachin Agarwal as Chairman and Managing Director
Backed by 96% of shareholders other than promotersneeded 75%
15.82 L votes for, 67,758 against
6
Re-appointment of Mr. Priya Ranjan Agarwal as Director (Marketing).
⚑ Passed only because promoters voted yes
Backed by 62% of shareholders other than promotersneeded 75%
10.20 L votes for, 6.30 L against

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 — 18 named members
owning 59.7% between them · as of 2026-06-30
Sachin Agarwal19.05%
Mapple Commerce Private Limited10.67%
Nirala Merchants Private Limited7.86%
Priya Ranjan Agarwal6.59%
Sachin Agarwal Huf (Karta Sachin Agarwal)4.47%
Alok Agarwal3.64%
Viven Advisory Services Private Limited2.89%
Smita Agarwal2.24%
Business done with them
FY2024 · 7 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 1.8% of its ₹257 cr revenue.
Mr. Sachin Agarwal
Other payments to them · Remuneration
also owns 19.05% of the company
₹3 cr
company paid
Mr. Priya Ranjan Agarwal
Other payments to them · Remuneration
also owns 6.59% of the company
₹63.5 L
company paid
Mrs. Smita Agarwal
Other payments to them · Remuneration
also owns 2.24% of the company
₹45.3 L
company paid
Ms. Kanchan Agarwal
Other payments to them · Rent paid
also owns 0.33% of the company
₹40.4 L
company paid
Mr. Alok Agarwal
Other payments to them · Remuneration
also owns 3.64% of the company
₹37 L
company paid
Reena Agarwal
Other payments to them · Salary
also owns 0.07% of the company
₹14.4 L
company paid
Anshoo Agarwal
Other payments to them · Salary
also owns 1.23% of the company
₹13.7 L
company paid

The company also transacted with 10 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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹7 cr raised in Sep 2024 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. ICRA Limited watches the spending on the exchange’s behalf.

₹1 cr raised in Feb 2024 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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