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PTC India Ltd

NSE: PTC BSE: 532524

175.70

(3.49)%

Tue, 03 Feb 2026, 05:38 pm

Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (3.2x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
  • Dividends per share have been stable in the past 10 years.
  • India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • India's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

    future

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    Pros

    • India's earnings growth is expected to exceed the India market average.
    • India's earnings growth is expected to exceed the low risk savings rate of 7.2%.
    • India's earnings are expected to exceed the low risk growth rate next year.
    • India's net income is expected to increase by more than 50% in 2 years time.
    • Performance (ROE) is expected to be above the current IN Renewable Energy industry average.
    • An improvement in India's performance (ROE) is expected over the next 3 years.
    • India's revenue growth is expected to exceed the India market average.
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    Cons

    • Cash flow for India is expected to decrease over the next 2 years.
    • India's earnings are expected to grow by 19.6% yearly, however this is not considered high growth (20% yearly).
    • India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
    • India's revenue is expected to increase but not above the 50% threshold in 2 years time.
    • India's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).

    health

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    Pros

    • India is profitable, therefore cash runway is not a concern.
    • India is profitable, therefore cash runway is not a concern.
    • India's cash and other short term assets cover its long term commitments.
    • Low level of unsold assets.
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    Cons

    • India's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
    • Debt is not well covered by operating cash flow (15.5%, less than 20% of total debt).
    • Debt is not covered by short term assets, assets are 0.8x debt.
    • The level of debt compared to net worth has increased over the past 5 years (133.5% vs 256.2% today).
    • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
    • India's level of debt (256.2%) compared to net worth is high (greater than 40%).

    management

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    Pros

    • The tenure for the India board of directors is about average.
    • Deepak's remuneration is lower than average for companies of similar size in India.
    • The average tenure for the India management team is over 5 years, this suggests they are a seasoned and experienced team.
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    Cons

    • Deepak's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.

    misc

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    Pros

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      Cons

      • India is covered by less than 3 analysts.

      past

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      Pros

      • India's year on year earnings growth rate has been positive over the past 5 years.
      • India used its assets more efficiently than the IN Renewable Energy industry average last year based on Return on Assets.
      • India has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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      Cons

      • India's 1-year earnings growth is less than its 5-year average (3.7% vs 7.4%)
      • India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
      • India's earnings growth has not exceeded the IN Renewable Energy industry average in the past year (3.7% vs 30.9%).

      value

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      Pros

      • India's share price is below the future cash flow value, and at a moderate discount (> 20%).
      • India's share price is below the future cash flow value, and at a substantial discount (> 40%).
      • India is good value based on assets compared to the IN Renewable Energy industry average.
      • India is good value based on expected growth next year.
      • India is good value based on earnings compared to the IN Renewable Energy industry average.
      • India is good value based on earnings compared to the India market.
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      Cons

      • 532524 underperformed the Renewable Energy industry which returned -4.4% over the past year.
      • 532524 underperformed the Market in India which returned -14.5% over the past year.
      • BSE:532524 is up 5.6% underperforming the Renewable Energy industry which returned 13% over the past month.
      • BSE:532524 is up 5.6% underperforming the market in India which returned 8% over the past month.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800