Pitti Engineering Ltd. (IN:PITTIENG)
:PITTIENG
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Pitti Engineering Ltd.
(PITTIENG)
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Rating:75Outperform
Price Target:
₹1,118.00
▲(37.52% Upside)
Action:ReiteratedDate:04/28/26
Overall score is driven primarily by strong financial performance trends (revenue and profitability improvement) and bullish technical momentum (price above key moving averages with positive MACD). The main offset is valuation, with a relatively high P/E and minimal dividend yield.
Positive Factors
Revenue & margin momentum
Consistent top-line growth with improving gross and net margins indicates the business is scaling while managing production costs. This durability supports reinvestment capacity, strengthens competitive positioning with OEM customers, and underpins sustainable profit generation over coming quarters.
Negative Factors
High leverage
Material reliance on debt elevates refinancing and interest-rate risk, especially if cash generation weakens. High leverage limits strategic flexibility for capex or downturns, increases fixed obligations, and amplifies earnings volatility—key structural risks for the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & margin momentum
Consistent top-line growth with improving gross and net margins indicates the business is scaling while managing production costs. This durability supports reinvestment capacity, strengthens competitive positioning with OEM customers, and underpins sustainable profit generation over coming quarters.
Read all positive factors
Pitti Engineering Ltd. (PITTIENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹36.67B
Dividend Yield0.18%
Average Volume (3M)45.79K
Price to Earnings (P/E)27.1
Beta (1Y)1.21
Revenue Growth20.93%
EPS Growth-8.34%
CountryIN
Employees1,331
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)7.50
Shares Outstanding37,653,587
10 Day Avg. Volume1,786
30 Day Avg. Volume45,793
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)4.10
Price to Sales (P/S)2.16
P/FCF Ratio-97.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,230.00Price Target Upside51.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)36.5
Revenue Forecast (FY)₹20.47B
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...
How the Company Makes Money
Pitti Engineering makes money primarily by manufacturing and selling electrical steel laminations and related assembled components to OEMs and component makers that produce motors, generators, and other rotating electrical equipment. Revenue is ty...
Pitti Engineering Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.03B | 17.05B | 12.02B | 11.00B | 9.50B | 5.11B |
| Gross Profit | 5.74B | 6.88B | 3.88B | 3.18B | 2.54B | 1.64B |
| EBITDA | 2.65B | 3.10B | 2.16B | 1.67B | 1.40B | 975.41M |
| Net Income | 991.14M | 1.22B | 901.91M | 588.35M | 518.70M | 287.56M |
Balance Sheet | ||||||
| Total Assets | 21.43B | 20.04B | 13.30B | 9.78B | 9.57B | 7.01B |
| Cash, Cash Equivalents and Short-Term Investments | 1.45B | 1.40B | 1.09B | 397.13M | 350.50M | 89.55M |
| Total Debt | 7.78B | 6.90B | 6.28B | 3.56B | 3.93B | 3.18B |
| Total Liabilities | 12.03B | 11.05B | 9.14B | 6.44B | 6.73B | 4.65B |
| Stockholders Equity | 9.40B | 8.99B | 4.16B | 3.34B | 2.84B | 2.36B |
Cash Flow | ||||||
| Free Cash Flow | 137.97M | -376.22M | -1.65B | 1.15B | -60.67M | -372.72M |
| Operating Cash Flow | 953.91M | 2.89B | 735.84M | 2.22B | 879.11M | 317.11M |
| Investing Cash Flow | -938.43M | -5.36B | -2.36B | -1.04B | -927.84M | -664.51M |
| Financing Cash Flow | 14.64M | 2.69B | 1.98B | -865.67M | 122.13M | 284.04M |
Pitti Engineering Ltd. Technical Analysis
Positive
812.95
Price Trends
839.74
Positive
820.69
Positive
884.86
Positive
Market Momentum
15.65
Negative
69.21
Neutral
91.27
Negative
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 812.95 is above the 20-day moving average (MA) of 786.95, below the 50-day MA of 839.74, and below the 200-day MA of 884.86, indicating a bullish trend. The MACD of 15.65 indicates Negative momentum. The RSI at 69.21 is Neutral, neither overbought nor oversold. The STOCH value of 91.27 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹36.67B | 27.08 | ― | 0.18% | 20.93% | -8.34% | |
66 Neutral | ₹36.48B | 55.74 | ― | 1.06% | -11.28% | -16.52% | |
65 Neutral | ₹23.33B | 33.68 | ― | 0.24% | 9.32% | 38.32% | |
65 Neutral | ₹26.45B | 51.58 | ― | 0.47% | 14.42% | -39.78% | |
64 Neutral | ₹35.85B | 25.44 | ― | 0.27% | 7.83% | -17.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹38.24B | 48.24 | ― | 0.49% | 6.39% | -14.96% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.