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HomeSHARE MARKET2.35 Lakh Equity Shares Allotted; 174% Massive Increase; Defence Sector Share

2.35 Lakh Equity Shares Allotted; 174% Massive Increase; Defence Sector Share

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PTC Industries Ltd (NSE: PTCIL): Star invests Ashish K. Kacholia bought a minor stake in the metal components manufacturer PTC Industries by acquiring equity shares from the company.

PTC Industries allocated 2,35 lakh equity shares to Kacholia at Rs 6,000 each. Himalaya Finance and Investments, Blue Square, and Fair and Faith Consultants were also allotted shares. The issue price is about 29% lower than the current market price.

According to the latest shareholding patterns available at the exchanges the promoters own a majority of 63.99% while the public holds the remaining 36%.PTC Industries has produced metal components for critical applications for more than 60 Years.

Through its wholly-owned subsidiary Aeroalloy Technologies the company manufactures and supplies titanium and superalloy casts for the aerospace, defence, and export sectors in India.

The company is significantly expanding its aerospace casting capability by investing multi-million dollars in a new state-of-the-art manufacturing facility on newly acquired 50 acres of land in the Lucknow node of the Uttar Pradesh Defense Industry Corridor.

The facility is fully integrated into the titanium and superalloys mill and will produce aerospace-grade billets, ingots, and bars of these critical materials.

Sachin Aggarwal, President, And Managing Director Of PTC Industries Said,

“Our entry into defense and aerospace began some time back and we now expect to see immense growth and exciting developments.

Our vision of a self-sufficient India remains unchanged as we continue on our journey. We are inspired to work with commitment and dedication.”

Safran and PTC Industries signed a recent contract for the supply of casting parts to power the LEAP engines on single-aisle aircraft. PTC Industries is to produce titanium castings for Safran aircraft engines under the terms of this contract.

The total revenue of the company in the third quarter was Rs 59 crores, a marginally lower figure than the Rs 60.9 crores in the same period last year.

EBITDA in the third quarter stood at Rs 18.97 crore, up from Rs 16.14 crore a year ago, with an EBITDA margin of 32.1%. Investors have seen their shares of PTC Industries rise by as much as 174% in the past year.f

About PTC Industries Ltd Company

PTC Industries Limited manufactures and sells high-precision metal casts.

The Company manufactures products that are used in critical applications across a variety of industries, including aerospace, oil and gas, and defense. It also manufactures valves and flow control, turbines, and power plants, as well as mining and earth-moving machinery.

The company offers a variety of materials, including alloy steel, stainless steel, super-duplex and duplex stainless, creep-resistant steel, and more. The company is involved in the production of titanium and vacuum-melt alloy castings as well as aerospace castings.

The focus is also on precision CNC machining and powder metallurgy. Advanced manufacturing encompasses design, simulation, rapid manufacturing, and robotics, as well as vacuum melting and pouring and additive manufacturing.

Fundamental Analysis of PTC Industries Ltd

Market Cap₹ 11,428 Cr.
Current Price₹ 8,418
52-wk High₹ 9,540 
52-wk Low₹ 2,234
Stock P/E311
Book Value₹ 273
Dividend0.00 %
ROCE12.2 %
ROE11.8 %
Face Value₹ 10.0
P/B Value30.8
OPM28.1 %
EPS₹ 27.3
Debt₹ 184 Cr.
Debt to Equity0.50

PTC Industries Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹8500₹8876
2025₹9000₹9324
2026₹9345₹9564
2027₹10000₹10432
2028₹11000₹11232
2029₹11432₹11654
2030₹11987₹12321
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PTC Industries Ltd Shareholding Pattern

Promoters Holding
Mar 202367.93%
June 202367.93%
Sept 202367.03%
Dec 202363.99%
Jan 202463.99%
FII Holding
Mar 20230.00%
June 20230.00%
Sept 20231.72%
Dec 20233.78%
Jan 20243.78%
DII Holding
Mar 20230.00%
June 20230.24%
Sept 20230.32%
Dec 20230.44%
Jan 20240.44%
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Public Holding
Mar 202332.07%
June 202331.83%
Sept 202330.92%
Dec 202331.79%
Jan 202431.79%

PTC Industries Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 99 Cr
2020₹ 73 Cr
2021₹ 163 Cr
2022₹ 179 Cr
2023₹ 247 Cr

Last 5 Years’ Net Profit:

2019₹ 2 Cr
2020₹ 4 Cr
2021₹ 13 Cr
2022₹ 26 Cr
2023₹ 37 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.46
20200.93
20211.07
20220.16
20230.58

Last 10 Years’ Profit Growth:

10 Years:10%
5 Years:%
3 Years:147%
Current Year:73%

Last 10 years’ Return on Equity (ROE):

10 Years:%
5 Years:%
3 Years:%
Last Year:12%

Sales Growth Over 10 Years:

10 Years:5%
5 Years:%
3 Years:44%
Current Year:19%

Conclusion

This article is a complete guide about PTC Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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