PTC Industries subsidiary signs long-term purchase agreement with Dassault Aviation

Aerolloy Technologies, a wholly owned subsidiary of PTC Industries has inked a significant agreement with Dassault Aviation, the French manufacturer of the Rafale fighter jets. This multi-year deal marks a major milestone for India’s Make in India push, with Aerolloy set to produce the full range of titanium castings for the Rafale from 2024 onwards.

Beyond the Rafale, the agreement also covers titanium parts for Dassault’s Falcon business jet program, showcasing Aerolloy’s growing capabilities in the aerospace sector. This strategic partnership aligns with India’s Aatmanirbhar Bharat initiative, aiming for self-reliance in critical defence technology.

The deal signals confidence in Aerolloy’s expertise in advanced materials and manufacturing, paving the way for further cooperation and potential expansion into other Dassault aircraft programs. This collaboration not only strengthens India’s manufacturing capability in defence aviation but also positions PTC Industries as a trusted supplier on the global aerospace stage.

Financial Performance

PTC Industries Limited reported a strong robust quarter for FY24, with a net sales increase of 6.43% to Rs 57.51 crore, compared to Rs 54.04 crore in the same quarter last year. The operating profit also experienced a significant decrease of 3.02%. The net profit for the quarter stood at Rs 8.14 crore, which was Rs 7.64 crore in the previous year’s same quarter.

Business Overview

PTC Industries Limited is engaged in the manufacturing of high-quality engineering components of steel and titanium castings for various critical and super-critical applications in the defence sector and medical equipment industry, among others. PTC has a wholly owned subsidiary, ATL, engaged in titanium castings manufacturing.

Stock Price Movement

Today, the stock opened at Rs 6,848.25, with a high and low of Rs 7,663.25 and Rs 6,829.40, respectively. The stock is currently trading at Rs 7,249, which increased by 4.05%. The stock has a 52-week high of Rs 7,663.25 and a 52-week low of Rs 2,234. The company has an ROCE of 12.2% and an ROE of 11.8%, with a market capitalization of Rs 9,785 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

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.