Pitti Engineering Ltd. (PITTIENG) AI Stock Analysis

• Market Cap: ₹38.03B
• Dividend Yield: 0.15%
• Average Volume (3M): 45.95K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 1.01
• Revenue Growth: 36.70%
• EPS Growth: 13.20%
• Country: IN
• Employees: 1,331
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 6.05
• Shares Outstanding: 37,653,587
• 10 Day Avg. Volume: 131,266
• 30 Day Avg. Volume: 45,954
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹1,016.00
• Price Target Upside: 0.59% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹1,016.00 ▲(0.59% Upside)

Pitti Engineering Ltd. demonstrates strong financial performance with robust revenue and profit growth, but high leverage and negative free cash flow are concerns. Technical indicators show neutral momentum, while valuation metrics suggest moderate pricing. The lack of earnings call and corporate events data limits further insights.

Pitti Engineering Ltd. Business Overview & Revenue Model

Company Description

Pitti Engineering Limited manufactures and sells manufactures electrical sheet metal products in India. It manufactures engineering products of iron and steel, including electrical steel laminations, stator and rotor core assemblies, subassemblies, pole assemblies, die-cast rotors, press tools, and high precision machining of various metal components. The company's products are used in hydro and thermal generation, windmill, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, e-mobility, appliances, medical equipment, oil and gas, and other industrial applications. It also exports its products. The company was formerly known as Pitti Laminations Limited and changed its name to Pitti Engineering Limited in May 2018. Pitti Engineering Limited was incorporated in 1983 and is based in Hyderabad, India.

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 improving profitability margins. The balance sheet is solid with a strong equity base, but high leverage is a concern. Cash flow from operations is robust, yet high capital expenditures have led to negative free cash flow, indicating potential liquidity challenges.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.52B	17.05B	12.02B	11.00B	9.50B	5.11B
Gross Profit	3.23B	6.88B	3.88B	3.18B	2.54B	1.64B
EBITDA	1.44B	3.10B	2.16B	1.67B	1.49B	993.33M
Net Income	566.86M	1.22B	901.91M	588.35M	518.70M	287.56M
Balance Sheet
Total Assets	20.04B	20.04B	13.30B	9.78B	9.57B	7.01B
Cash, Cash Equivalents and Short-Term Investments	1.40B	1.40B	1.09B	660.40M	76.45M	2.91M
Total Debt	6.90B	6.90B	6.16B	3.56B	3.93B	3.18B
Total Liabilities	11.05B	11.05B	9.14B	6.44B	6.73B	4.65B
Stockholders Equity	8.99B	8.99B	4.16B	3.34B	2.84B	2.36B
Cash Flow
Free Cash Flow	0.00	-376.22M	-1.65B	1.15B	-60.67M	-372.72M
Operating Cash Flow	0.00	2.89B	735.84M	2.22B	879.11M	317.11M
Investing Cash Flow	0.00	-5.36B	-2.36B	-1.04B	-927.84M	-664.51M
Financing Cash Flow	0.00	2.69B	1.98B	-865.67M	122.13M	284.04M

Pitti Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1010.05
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 1010.05 is above the 20-day moving average (MA) of 943.74, above the 50-day MA of 946.93, and below the 200-day MA of 1038.18, indicating a neutral trend. The MACD of 18.04 indicates Negative momentum. The RSI at 65.09 is Neutral, neither overbought nor oversold. The STOCH value of 64.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	31.63B	38.88	20.25%	0.40%	32.20%	11.82%
PITTIENG	64 Neutral	₹38.03B	29.51	―	0.15%	36.70%	13.20%
HARSHA	62 Neutral	36.85B	40.84	7.12%	0.25%	3.05%	-25.80%
JTEKTINDIA	62 Neutral	46.37B	62.33	8.55%	0.42%	3.94%	-30.18%
HPL	60 Neutral	29.84B	32.74	10.25%	0.22%	10.26%	77.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Pitti Engineering Ltd. Corporate Events

Pitti Engineering Announces AGM and E-Voting Details

Pitti Engineering Limited has announced the publication of information regarding its 41st Annual General Meeting and e-voting details in the newspapers Business Line and Navatelangana. This announcement is a procedural update aimed at keeping stakeholders informed about the company’s governance activities, ensuring transparency and accessibility for shareholders.

Pitti Engineering Reports Strong Q1 FY26 Results and Announces Capacity Expansion

Pitti Engineering Limited announced its unaudited financial results for the first quarter of FY26, showing significant growth in sales volumes across various product lines, with raw castings growing by 145.2%, stator-frames by 63.4%, and machined components by 36.0%. The company also secured a new platform for alternators expected to generate over ₹20 crores in revenue and approved a ₹150 crore capital expenditure plan to expand manufacturing capacities, funded through internal accruals and debt, to be completed over 18 months.

Pitti Engineering Ltd. Releases Revised Q1FY26 Financial Presentation

Pitti Engineering Ltd. has released a revised investor presentation for the financial results of the quarter ending June 30, 2025. The revision includes corrected figures on slides 18 and 19, which are crucial for stakeholders to accurately assess the company’s financial performance and strategic direction.