Pitti Engineering Limited
NSE: PITTIENG · Industrial Products · sector
₹856.10NSE close 2026-10-26
Key numbers
Market cap₹3,224 cr
Price₹856.10
52w high / low₹1,228 / ₹675
P/E31.9xSector median 24.2x
P/B3.5xSector median 2.8x
Book value₹242.1
Dividend yield0.18%Sector median 0.50%
ROE10.8%Sector median 11.5%
ROCE13.9%Sector median 13.4%
OPM16.7%Sector median 10.3%
Debt / equity0.70xSector median 0.17x
EV/EBITDA12.3xSector median 16.7x
Interest cover2.6x
Current ratio1.14x
Sales growth 3y+13.1%Sector median +10.2%
Profit growth 3y+18.4%Sector median +12.8%
PEG2.51x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹101 cr vs borrowings ₹699 cr (FY26): borrowings are higher by ₹598 cr.
- Borrowings rose in each of the last 3 years (₹290 cr → ₹699 cr).
- Operating profit covered interest 2.6x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 64 (FY24) to 40 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹856.10 on 2026-10-26: -30.3% from the 52-week high, +26.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,435.00 · low ₹693.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 364 | 422 | 382 | 396 | 422 | 390 | 442 | 578 |
| EBITDA | 61 | 71 | 67 | 69 | 70 | 75 | 73 | 89 |
| OPM % | 16.7% | 16.7% | 17.6% | 17.5% | 16.7% | 19.1% | 16.5% | 15.4% |
| Other income | 6 | 3 | 7 | 22 | 6 | 4 | 1 | 2 |
| Net profit | 24 | 30 | 18 | 36 | 22 | 23 | 21 | 34 |
| EPS (₹) | 6.45 | 7.97 | 4.71 | 9.57 | 5.88 | 6.13 | 5.65 | 9.18 |
| Revenue YoY | +15.9% | -7.6% | +15.5% | +46.0% | ||||
| Profit YoY | -10.5% | -24.5% | +18.6% | -4.7% |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 954 | 1,100 | 1,202 | 1,525 | 1,590 | 1,832 |
| EBITDA | 133 | 151 | 178 | 247 | 282 | 307 |
| Net profit | 52 | 59 | 90 | 107 | 98 | 99 |
| EPS (₹) | 16.19 | 18.36 | 28.14 | 29.11 | 26.30 | 26.84 |
| Revenue growth | +15.3% | +9.2% | +26.9% | +4.3% | +17.1% | |
| Profit growth | +13.4% | +53.3% | +18.4% | -8.7% | -7.8% | |
| Dividend / share (₹) | 1.18 | 2.35 | 1.20 | 1.50 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.1% | +25.1% | +17.1% |
| Net profit | +18.4% | +27.6% | -7.7% |
| EPS | +12.7% | +24.0% | – |
| Share price | – | -14.1% (2y) | +3.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 334 | 416 | 884 | 951 |
| Borrowings | – | 290 | 537 | 578 | 699 |
| Cash & equivalents | – | 65 | 109 | 108 | 101 |
| Total assets | – | 978 | 1,330 | 1,954 | 2,056 |
| Fixed assets | – | 353 | 417 | 785 | 892 |
| Capital work in progress | – | 24 | 118 | 61 | 42 |
| Investments | – | 15 | 15 | 258 | 258 |
| Receivables | – | 181 | 210 | 230 | 176 |
| Inventory | – | 239 | 270 | 314 | 366 |
| Payables | – | 251 | 228 | 319 | 226 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 88 | 222 | 74 | 261 | 149 |
| Cash from investing | -93 | -104 | -236 | -558 | -154 |
| Cash from financing | 12 | -86 | 198 | 286 | 12 |
| Capex | 61 | 96 | 239 | 315 | 160 |
| Free cash flow | 26 | 126 | -165 | -54 | -12 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.6% | 21.7% | 12.1% | 10.3% |
| ROCE % | – | 20.0% | 18.0% | 14.2% | 13.5% |
| Debtor days | – | 60 | 64 | 55 | 40 |
| Inventory days | – | 112 | 122 | 126 | 143 |
| Payable days | – | 117 | 103 | 128 | 89 |
| Cash conversion cycle (days) | – | 55 | 83 | 53 | 94 |
| Working capital days | – | 30 | 42 | 27 | 47 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.18% |
| FIIs | 1.78% |
| DIIs | 19.05% |
| of which Mutual funds | 13.71% |
| of which Insurance | 3.41% |
| Public (non-institutions) | 23.03% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.18% | 54.18% | 54.18% | 54.18% | 54.18% | 54.18% | 54.18% | 54.18% |
| Promoter group | % |
|---|---|
| Pitti Electrical Equipment Private Limited | 28.45% |
| Sharad Badrivishal Pitti | 11.79% |
| Akshay Sharad Pitti | 9.22% |
| Madhuri Sharad Pitti | 4.67% |
| Sharad B Pitti (HUF) | 0.05% |
| Public holders above 1% | % |
|---|---|
| SBI Mutual Fund | 6.08% |
| Aditya Birla Sun Life Mutual Fund | 3.95% |
| Kotak Mahindra Life Insurance Company Limited | 2.59% |
| HSBC Mutual Fund | 2.55% |
| Pitti Engineering Limited Employee Welfare Trust | 1.97% |
| UTI Mutual Fund | 1.13% |
| Investor Education And Protection Fund | 1.00% |
42,183 shareholders. Pledged: 0.00% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| PITTIENG | ₹3,224 cr | 31.9x | 3.5x | 10.8% | 13.9% | 16.7% | +13.1% | 0.18% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| India | ₹1,091 cr | 68.6% | ₹0 cr | 0.0% |
| Outside India | ₹499 cr | 31.4% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-09-19 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-08-11 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2023-02-24 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Rs 0.85 Per Share |
| 2022-02-18 | Dividend | Interim Dividend - Rs 0.40 Per Share |
| 2021-11-17 | Dividend | Interim Dividend - Rs 0.40 Per Share |
| 2021-09-16 | Other | Annual General Meeting |
| 2021-08-13 | Dividend | Interim Dividend - Rs 0.375 Per Share |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-11 | Other | Annual General Meeting |
| 2018-09-14 | Other | Annual General Meeting |
| 2017-08-29 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-18 | Dividend | Annual General Meeting / Dividend - Re 0.625/- Per Share |
| 2015-04-16 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2015-02-09 | Dividend | Interim Dividend - Re 0.75/- Per Share |
| 2014-09-12 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-09-05 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Electrical laminations, sub-assemblies for motor cores and generators, die-cast rotors, castings and machining of metal components
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | PITTIENG |
| BSE code | 513519 |
| ISIN | INE450D01021 |
| Face value | ₹5.0 |
| Incorporated | 1983-09-17 |
| Website | www.pitti.in |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.