PTC Industries Shares Crossed A Significant Milestone Of Rs 5000 Today, 11 August 2023

Shares of PTC Industries Limited witnessed a significant surge today. The stock commenced trading at Rs 4671.80, marking a 2.6% increase compared to the previous day’s closing price of Rs 4551. Throughout the intraday session, the stock exhibited a remarkable 10% surge accompanied by significant trading volume.

Upon scrutinising today’s share volumes, it becomes apparent that there has been a substantial increase of over 9 times in trading volumes compared to its average volumes on the BSE. Ultimately, the company’s shares concluded the day’s trading at Rs 50006.55, reflecting an impressive uptick of Rs 455 or 10% on the BSE.

The stock’s 52-week high and low are Rs 5006.55 and Rs 1750, respectively. Possessing a market capitalisation of Rs 6700 crore, the stock has showcased outstanding performance in recent periods, yielding a remarkable 115% return in the last three months and an impressive 414% return in the past two years.

Financial Performance   

In FY23, the company’s revenue from operations experienced an increase of 21% YoY, going from Rs 179 crore to Rs 216 crore. The operating profit of the company grew from Rs 37 crore to Rs 48 crore and on a sequential basis it grew from Rs 37 crore to Rs 48 crore, the operating profit stood at 22%.  

Whereas the net profit of the company amounts to Rs 20 crore, the net profit margins stood at 9% in FY23.  

The company’s return on capital employed (ROCE) and return on equity (ROE) are at 11% and 9%, respectively. The Book value of the company is Rs 222, whereas the price-to-earnings ratio is 333 times.  

Business Overview

PTC Industries Limited specializes in the production and distribution of high-precision metal castings for a diverse array of critical industries. These industries encompass aerospace, defence, oil and gas, liquefied natural gas (LNG), maritime, valves and flow control, power generation, paper machinery, mining, and heavy machinery.

The company offers a wide selection of materials, such as alloy steel, stainless steel, duplex and super duplex stainless steel, creep-resistant steel, and more. PTC Industries Limited’s manufacturing scope extends to aerospace components, industrial parts, as well as titanium and vacuum-melt alloy castings.

The company’s expertise also spans powder metallurgy and precise computer numerical control (CNC) machining. Their cutting-edge production capabilities encompass various aspects, including design and simulation, innovative research, swift manufacturing processes, robotics and automation, vacuum melting and pouring, additive manufacturing, and intelligent production techniques.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.