PTC India Limited (PTC) AI Stock Analysis

• Market Cap: ₹52.04B
• Dividend Yield: 6.65%
• Average Volume (3M): 86.78K
• Price to Earnings (P/E): 5.6
• Beta (1Y): 1.50
• Revenue Growth: -8.55%
• EPS Growth: 76.87%
• Country: IN
• Employees: 108
• Sector: Services
• Sector Strength: N/A
• Industry: Independent Power Producers
• EPS (TTM): 6.59
• Shares Outstanding: 296,008,330
• 10 Day Avg. Volume: 60,749
• 30 Day Avg. Volume: 86,778
• 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: ₹195.00
• Price Target Upside: 10.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ₹195.00 ▲(10.58% Upside)

PTC India Limited's overall stock score is driven by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation. The company's stable financial performance, characterized by strong cash flow management and reduced debt, further supports the score. However, technical indicators point to a bearish trend, which slightly offsets the positive aspects.

PTC India Limited Business Overview & Revenue Model

Company Description

PTC India Limited (PTC) is a leading provider in the Indian power sector, primarily engaged in the trading of electricity. The company plays a pivotal role in the development of the power market in India and supports various segments including power producers, utilities, and industrial consumers. PTC's core services include power trading, consultancy, and providing solutions for risk management in the energy sector.

How the Company Makes Money

PTC India Limited makes money primarily through its power trading operations. The company buys electricity from power producers and sells it to utilities and large industrial consumers, earning a margin on these transactions. Additionally, PTC generates revenue from consultancy services, offering expertise in the areas of power market operations, policy advisory, and energy solutions. The company also engages in long-term power purchase agreements and facilitates cross-border trading, which contribute to its revenue streams. Strategic partnerships with domestic and international energy companies further enhance its business operations and profitability.

PTC India Limited Financial Statement Overview

Summary

PTC India Limited demonstrates stable financial health with strong cash flow management and a decreasing debt load. While revenue growth has been inconsistent, profitability has improved, especially in the latest period. The reduction in debt and improvement in net profit margins are significant positives, though the declining gross profit margin may require attention.

Income Statement

PTC India Limited has shown a somewhat volatile revenue trend with a decrease from 2020 to 2022, followed by a slight increase in 2023 and another decrease in 2024. The gross profit margin has been declining, from 10.92% in 2020 to 7.65% in 2025, indicating reduced efficiency in managing production costs. The net profit margin improved significantly in 2025 to 5.54% from 2.84% in 2024, showing improved profitability. However, EBIT and EBITDA margins have fluctuated, reflecting variability in operational efficiency.

Balance Sheet

The company has reduced its total liabilities consistently from 2020 to 2025, which is a positive sign of deleveraging. The debt-to-equity ratio improved from 2.72 in 2020 to 0.51 in 2025, indicating reduced financial risk. Stockholders' equity has generally increased, reflecting retained earnings and a stronger equity base. However, total assets have decreased, which may point to asset sales or depreciation.

Cash Flow

PTC India Limited has shown strong free cash flow generation, with positive free cash flow every year. The free cash flow to net income ratio is consistently high, indicating effective cash management and strong conversion of income into cash. Operating cash flow has decreased in 2025 compared to 2024, but the free cash flow remains robust, suggesting effective management of capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	162.04B	162.41B	167.83B	163.19B	154.92B	178.25B
Gross Profit	10.91B	12.41B	13.75B	14.85B	13.03B	17.34B
EBITDA	12.37B	14.72B	10.87B	15.96B	11.33B	16.91B
Net Income	6.35B	9.00B	4.77B	5.06B	4.46B	4.49B
Balance Sheet
Total Assets	0.00	129.16B	151.23B	198.82B	166.30B	206.68B
Cash, Cash Equivalents and Short-Term Investments	17.88B	34.35B	21.52B	19.72B	30.96B	16.47B
Total Debt	0.00	29.62B	43.27B	97.71B	65.46B	114.79B
Total Liabilities	-62.22B	61.47B	90.93B	143.66B	107.56B	155.06B
Stockholders Equity	62.22B	58.05B	51.42B	47.23B	50.19B	44.20B
Cash Flow
Free Cash Flow	0.00	17.92B	24.48B	30.39B	35.74B	21.04B
Operating Cash Flow	0.00	17.98B	24.51B	30.49B	35.75B	21.08B
Investing Cash Flow	0.00	8.78B	-5.04B	461.20M	1.68B	-5.05B
Financing Cash Flow	0.00	-18.17B	-20.42B	-27.88B	-40.19B	-10.85B

PTC India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 176.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PTC, the sentiment is Negative. The current price of 176.35 is below the 20-day moving average (MA) of 182.38, below the 50-day MA of 180.73, and above the 200-day MA of 159.89, indicating a neutral trend. The MACD of -1.26 indicates Positive momentum. The RSI at 42.68 is Neutral, neither overbought nor oversold. The STOCH value of 18.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PTC.

PTC India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICRA	74 Outperform	₹60.78B	34.24		0.96%	10.80%	21.15%
PTC	71 Outperform	₹52.04B	5.65		6.65%	-8.55%	76.87%
TCI	71 Outperform	₹88.25B	20.67		0.87%	11.32%	20.27%
WELENT	65 Neutral	₹67.67B	21.29		0.61%	14.32%	4.35%
MHRIL	60 Neutral	₹72.38B	55.76		―	3.14%	6.79%
Sector *	56 Neutral	$13.56B	17.98	10.03%	0.93%	7.13%	-12.93%
ALLCARGO	55 Neutral	₹30.94B	99.11		6.67%	17.82%	-314.42%

PTC India Limited Corporate Events

PTC India Limited Conducts 26th AGM with E-Voting

PTC India Limited held its 26th Annual General Meeting on August 8, 2025, through video conferencing, in compliance with the relevant regulations and circulars from the Ministry of Corporate Affairs and SEBI. The company provided e-voting facilities to its shareholders, both remotely and during the AGM, to ensure transparency and participation in decision-making. The scrutinizer’s report on the voting results was submitted on August 9, 2025, confirming the fair conduct of the voting process.

PTC India Limited Conducts 26th AGM with Emphasis on Transparency and Compliance

PTC India Limited held its 26th Annual General Meeting on August 8, 2025, via video conferencing, adhering to regulatory guidelines. The meeting, chaired by Dr. Manoj Kumar Jhawar, included discussions on the company’s operations, with provisions for remote e-voting to ensure shareholder participation. The meeting’s proceedings reflect PTC India’s commitment to transparency and regulatory compliance, potentially strengthening its position in the energy trading market.

PTC India Expands Operations into Securities and Commodity Trading

PTC India Limited has announced amendments to its Memorandum of Association, allowing the company to expand its business operations into securities and commodity derivatives trading. This strategic move is expected to enhance the company’s market positioning by diversifying its service offerings and potentially increasing its revenue streams.

PTC India Expands Operations with New Auditor Appointment and MOA Alteration

PTC India Limited has announced the appointment of M/s. A.K. Rastogi & Associates as the Secretarial Auditor for the next five financial years, subject to member approval at the upcoming AGM. Additionally, the company plans to alter its Memorandum of Association to expand its business operations into securities and commodity derivatives trading, which could enhance its market positioning and operational scope.