PTC India Limited (PTC) AI Stock Analysis

• Market Cap: ₹49.33B
• Dividend Yield: 7.51%
• Average Volume (3M): 61.69K
• Price to Earnings (P/E): 5.4
• Beta (1Y): 1.42
• Revenue Growth: -3.25%
• EPS Growth: 60.80%
• Country: IN
• Employees: 108
• Sector: Services
• Sector Strength: N/A
• Industry: Independent Power Producers
• EPS (TTM): 6.46
• Shares Outstanding: 296,008,330
• 10 Day Avg. Volume: 67,986
• 30 Day Avg. Volume: 61,685
• PEG Ratio: 0.06
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.30
• P/FCF Ratio: 2.75
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹191.00 ▲(21.97% Upside)

PTC India Limited's overall stock score is driven primarily by its strong valuation, with a low P/E ratio and high dividend yield indicating potential undervaluation and attractive income. Financial performance is stable, with improved profitability and reduced debt, though revenue growth inconsistency and declining gross margins are concerns. Technical analysis suggests a neutral to slightly bearish short-term trend.

Positive Factors

Cash Flow Management

Strong free cash flow generation indicates effective cash management, allowing the company to reinvest in growth opportunities and maintain financial stability.

Debt Reduction

Reduced debt levels lower financial risk and enhance the company's ability to invest in strategic initiatives, supporting long-term growth.

Profitability Improvement

Improved profitability reflects better cost management and operational efficiency, which can lead to sustainable earnings growth.

Negative Factors

Revenue Decline

Inconsistent revenue growth can hinder long-term planning and investment, potentially impacting market position and competitive advantage.

Declining Gross Profit Margin

A declining gross profit margin suggests reduced efficiency in managing production costs, which could pressure future profitability.

Decreased Operating Cash Flow

Decreased operating cash flow may limit the company's ability to fund operations and invest in growth, affecting long-term financial health.

PTC India Limited Business Overview & Revenue Model

Company Description

PTC India Limited (PTC) is a leading power trading company in India, specializing in the trading of electricity. Established in 1999, it operates in the energy sector, focusing on facilitating the purchase and sale of power between various stakeholders, including generating companies, distribution utilities, and large consumers. PTC also engages in consultancy services related to power projects and offers financial solutions to meet the needs of its clients. The company plays a significant role in enhancing the efficiency of the power market in India by providing various value-added services.

How the Company Makes Money

PTC India Limited generates revenue primarily through electricity trading activities, where it earns income from the difference between the purchase price of electricity and the selling price to utilities and consumers. The company also derives income from consultancy services related to power projects, which includes project development, financing, and operational support. Additionally, PTC engages in power procurement and financing, allowing it to earn fees and interest from financial solutions provided to clients. Significant partnerships with power generation companies and distribution utilities enhance its market position and revenue potential, contributing to sustained earnings growth.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	151.25B	162.41B	167.83B	153.04B	163.19B	178.25B
Gross Profit	9.79B	12.41B	13.75B	11.06B	14.85B	17.34B
EBITDA	15.26B	14.72B	10.87B	11.33B	15.96B	16.91B
Net Income	9.21B	9.00B	4.77B	4.46B	5.06B	4.49B
Balance Sheet
Total Assets	0.00	129.16B	151.23B	166.30B	198.82B	206.68B
Cash, Cash Equivalents and Short-Term Investments	33.42B	34.35B	21.52B	18.26B	21.64B	16.79B
Total Debt	0.00	29.62B	43.27B	65.46B	97.71B	114.79B
Total Liabilities	-67.69B	61.47B	90.93B	107.56B	143.66B	155.06B
Stockholders Equity	67.69B	58.05B	51.42B	50.19B	47.23B	44.20B
Cash Flow
Free Cash Flow	0.00	17.92B	24.48B	35.74B	30.39B	21.04B
Operating Cash Flow	0.00	17.98B	24.51B	35.75B	30.49B	21.08B
Investing Cash Flow	0.00	8.78B	-5.04B	1.68B	461.20M	-5.05B
Financing Cash Flow	0.00	-18.17B	-20.42B	-40.19B	-27.88B	-10.85B

PTC India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 156.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 156.6 is below the 20-day moving average (MA) of 163.48, below the 50-day MA of 166.14, and below the 200-day MA of 166.65, indicating a bearish trend. The MACD of -2.55 indicates Positive momentum. The RSI at 28.17 is Positive, neither overbought nor oversold. The STOCH value of 6.07 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
PTC	73 Outperform	₹49.33B	5.35	―	7.51%	-3.25%	60.80%
ICRA	72 Outperform	₹62.63B	33.20	―	0.97%	8.06%	24.52%
TCI	70 Outperform	₹90.61B	20.83	―	0.92%	9.97%	16.28%
WELENT	70 Outperform	₹78.02B	24.54	―	0.57%	9.11%	16.30%
ALLCARGO	62 Neutral	₹13.03B	―	―	16.18%	-15.70%	-343.97%
MHRIL	57 Neutral	₹66.93B	49.98	―	―	4.25%	17.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

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.