Pitti Engineering Ltd. (IN:PITTIENG)
:PITTIENG
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Pitti Engineering Ltd.
(PITTIENG)
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Rating:59Neutral
Price Target:
₹991.00
▲(21.90% Upside)
Action:Downgraded
Date:05/22/26
The score is held back primarily by weak cash-flow quality (negative free cash flow and low cash conversion) and margin compression despite strong revenue growth. Technicals are moderately supportive with a positive trend and neutral momentum, while valuation is reasonable but not cheap given the low dividend yield.
Positive Factors
Strong Revenue Growth
A 36% top-line increase in FY2026 signals durable demand for precision motor components across industrial and automotive end markets. Sustained revenue expansion improves capacity utilization, supports scale advantages, and underpins longer-term market share gains if execution continues.
Negative Factors
Negative Free Cash Flow
Consecutive years of negative free cash flow mean reported profits are not generating excess cash to fund capex, working capital or dividends. Persistent FCF deficits constrain strategic optionality, force reliance on external financing, and elevate execution risk if cash trends don't reverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A 36% top-line increase in FY2026 signals durable demand for precision motor components across industrial and automotive end markets. Sustained revenue expansion improves capacity utilization, supports scale advantages, and underpins longer-term market share gains if execution continues.
Read all positive factors
Pitti Engineering Ltd. (PITTIENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹34.41B
Dividend Yield0.18%
Average Volume (3M)45.79K
Price to Earnings (P/E)21.7
Beta (1Y)1.24
Revenue Growth12.79%
EPS Growth-7.77%
CountryIN
Employees1,331
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)26.53
Shares Outstanding37,653,587
10 Day Avg. Volume1,786
30 Day Avg. Volume45,793
Financial Highlights & Ratios
PEG Ratio-4.66
Price to Book (P/B)2.59
Price to Sales (P/S)1.33
P/FCF Ratio-39.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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
null...
Pitti Engineering Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.03B | 19.13B | 17.05B | 12.02B | 11.00B | 9.50B |
| Gross Profit | 5.74B | 4.82B | 6.88B | 3.88B | 3.18B | 2.54B |
| EBITDA | 2.65B | 3.16B | 3.10B | 2.16B | 1.67B | 1.40B |
| Net Income | 991.14M | 1.18B | 1.22B | 901.91M | 588.35M | 518.70M |
Balance Sheet | ||||||
| Total Assets | 21.43B | 21.38B | 20.04B | 13.30B | 9.78B | 9.57B |
| Cash, Cash Equivalents and Short-Term Investments | 1.45B | 1.47B | 1.40B | 1.09B | 397.13M | 350.50M |
| Total Debt | 7.78B | 8.11B | 6.90B | 6.28B | 3.56B | 3.93B |
| Total Liabilities | 12.03B | 11.51B | 11.05B | 9.14B | 6.44B | 6.73B |
| Stockholders Equity | 9.40B | 9.87B | 8.99B | 4.16B | 3.34B | 2.84B |
Cash Flow | ||||||
| Free Cash Flow | 137.97M | -650.11M | -376.22M | -1.65B | 1.15B | -60.67M |
| Operating Cash Flow | 953.91M | 1.27B | 2.89B | 735.84M | 2.22B | 879.11M |
| Investing Cash Flow | -938.43M | -1.79B | -5.36B | -2.36B | -1.04B | -927.84M |
| Financing Cash Flow | 14.64M | 727.47M | 2.69B | 1.98B | -865.67M | 122.13M |
Pitti Engineering Ltd. Technical Analysis
Positive
812.95
Price Trends
866.42
Positive
847.29
Positive
882.07
Positive
Market Momentum
11.09
Positive
56.34
Neutral
49.67
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 812.95 is below the 20-day moving average (MA) of 952.89, below the 50-day MA of 866.42, and below the 200-day MA of 882.07, indicating a neutral trend. The MACD of 11.09 indicates Positive momentum. The RSI at 56.34 is Neutral, neither overbought nor oversold. The STOCH value of 49.67 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹39.13B | 21.43 | ― | ― | -0.98% | 228.03% | |
72 Outperform | ₹21.82B | 24.91 | ― | 1.07% | -1.36% | -30.57% | |
70 Outperform | ₹154.91B | 39.83 | ― | 0.19% | 15.95% | 44.88% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹34.41B | 21.66 | ― | 0.18% | 12.79% | -7.77% | |
59 Neutral | ₹10.76B | 27.80 | ― | 0.65% | 2.95% | -25.58% | |
54 Neutral | ₹29.56B | 10.41 | ― | 0.39% | -10.34% | ― |
* Industrials Sector Average
IN:PITTIENG
Pitti Engineering Ltd.
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-34.76
-3.54%
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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.