Pitti Engineering Ltd. (PITTIENG) AI Stock Analysis

• Market Cap: ₹35.85B
• Dividend Yield: 0.16%
• Average Volume (3M): 5.84K
• Price to Earnings (P/E): 27.9
• Beta (1Y): 0.99
• Revenue Growth: 36.70%
• EPS Growth: 12.97%
• Country: IN
• Employees: 1,331
• Sector: Industrials
• Sector Strength: 84
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 6.05
• Shares Outstanding: 37,653,587
• 10 Day Avg. Volume: 3,095
• 30 Day Avg. Volume: 5,841
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,057.00
• Price Target Upside: 9.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹1,057.00 ▲(9.53% Upside)

The company's strong financial performance, particularly in revenue and profit growth, is the main positive factor. However, technical indicators suggest bearish trends, and the high P/E ratio indicates potential overvaluation, which together lower the overall score.

Pitti Engineering Ltd. Business Overview & Revenue Model

Company Description

Pitti Engineering Ltd. (PITTIENG) is a leading engineering company, primarily engaged in the manufacturing and supply of a wide range of electrical equipment. The company specializes in the production of electrical laminations, stator and rotor cores, sub-assemblies, and die-cast rotors that are critical components for various industries including automotive, industrial, and electrical sectors. With a focus on innovation and quality, Pitti Engineering serves a diverse clientele, providing customized solutions to meet the specific needs of its customers.

How the Company Makes Money

Pitti Engineering Ltd. generates revenue through the manufacturing and sale of its core products, which include electrical laminations, stator and rotor cores, sub-assemblies, and die-cast rotors. The company's revenue streams are primarily driven by contracts and orders from companies in the automotive, industrial machinery, and electrical equipment sectors, who require high-quality and precision-engineered components. Pitti Engineering's strategic partnerships with key industry players and its commitment to technological advancement and product diversification also contribute significantly to its earnings. Additionally, the company capitalizes on its ability to offer customized solutions, which allows it to maintain a competitive edge and secure long-term contracts with major clients.

Pitti Engineering Ltd. Financial Statement Overview

Summary

Pitti Engineering Ltd. shows strong revenue and profit growth with improved profitability margins. However, high leverage and negative free cash flow present potential challenges for financial health.

Income Statement

Pitti Engineering Ltd. has demonstrated a robust revenue growth trajectory, with total revenue increasing significantly over the years, particularly from 2024 to 2025. Gross profit margins have improved, indicating enhanced efficiency in managing production costs. The net profit margin has shown considerable improvement, reflecting effective cost controls and pricing strategies. However, the EBIT margin has slightly decreased, signaling potential challenges in cost management below the gross profit line. Overall, the income statement reveals strong growth and profitability trends, with some areas for improvement in operational efficiency.

Balance Sheet

The company's balance sheet shows a healthy equity base with stockholders’ equity increasing notably, which supports a strong equity ratio. However, the debt-to-equity ratio remains relatively high, indicating a significant reliance on debt financing. Return on equity has improved, showcasing effective use of equity capital to generate profits. While the equity growth is commendable, the high leverage poses potential risks if not managed carefully.

Cash Flow

Cash flow analysis indicates a fluctuating pattern in free cash flow, with negative values in recent years indicating high capital expenditures. The operating cash flow has increased, suggesting improved cash generation from core activities. However, the free cash flow to net income ratio is concerning, reflecting potential challenges in converting profits into free cash flow. This could impact the company's ability to fund operations and growth without relying heavily on external financing.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	17.05B	12.02B	11.00B	9.50B	5.11B
Gross Profit	6.88B	3.88B	3.18B	2.54B	1.64B
EBITDA	3.10B	2.16B	1.67B	1.49B	993.33M
Net Income	1.22B	901.91M	588.35M	518.70M	287.56M
Balance Sheet
Total Assets	20.04B	13.30B	9.78B	9.57B	7.01B
Cash, Cash Equivalents and Short-Term Investments	1.40B	1.09B	660.40M	76.45M	2.91M
Total Debt	6.90B	6.16B	3.56B	3.93B	3.18B
Total Liabilities	11.05B	9.14B	6.44B	6.73B	4.65B
Stockholders Equity	8.99B	4.16B	3.34B	2.84B	2.36B
Cash Flow
Free Cash Flow	-376.22M	-1.65B	1.15B	-60.67M	-372.72M
Operating Cash Flow	2.89B	735.84M	2.22B	879.11M	317.11M
Investing Cash Flow	-5.36B	-2.36B	-1.04B	-927.84M	-664.51M
Financing Cash Flow	2.69B	1.98B	-865.67M	122.13M	284.04M

Pitti Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 965.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PITTIENG, the sentiment is Neutral. The current price of 965 is above the 20-day moving average (MA) of 948.42, below the 50-day MA of 967.97, and below the 200-day MA of 1096.49, indicating a neutral trend. The MACD of -9.77 indicates Negative momentum. The RSI at 53.99 is Neutral, neither overbought nor oversold. The STOCH value of 72.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PITTIENG.

Pitti Engineering Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JASH	71 Outperform	₹32.11B	39.14		0.16%	32.20%	11.50%
HARSHA	70 Neutral	₹37.17B	40.75		0.24%	3.05%	-25.78%
PITTIENG	68 Neutral	₹35.85B	27.92		0.16%	36.70%	12.97%
Sector *	66 Neutral	£2.67B	13.00	3.30%	3.25%	2.35%	-22.12%
JTEKTINDIA	60 Neutral	₹34.69B	43.20		0.56%	6.85%	-28.21%
HPL	54 Neutral	₹37.56B	40.06		0.17%	10.26%	77.41%