Pitti Engineering Limited share price
NSE: PITTIENG · ISIN INE450D01021
Key numbers
- Market cap
- ₹ 4,291 Cr
- Current price
- ₹ 1,162.40
- 52-week high / low
- ₹ 1,228 / 675
- Stock P/E
- 34.6
- Book value
- ₹ 267.4
- Dividend yield
- 0.22%
- ROCE
- 13.8%
- ROE
- 12.5%
- Debt to equity
- 0.82
- Sales growth (3 yrs)
- 20.1%
- Profit growth (3 yrs)
- 26.0%
- 1-year return
- 15.5%
About Pitti Engineering Limited
Pitti Engineering Limited manufactures and sells iron and steel engineering products in India and internationally. The company offers electrical steel laminations, stator and rotor cores, sub-assemblies for motor and generator cores, pole assemblies, die-cast rotors, high precision press tools, and machined casted and fabricated parts and forged shafts. Its products are used in hydro and thermal generation, wind energy, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, e-mobility, appliances, medical equipment, oil and gas, and other industrial applications. The company was formerly known as Pitti Laminations Limited and changed its name to Pitti Engineering Limited in May 2018. Pitti Engineering Limited was incorporated in 1983 and is based in Hyderabad, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 469 | 457 | 478 | 477 | 501 |
| Operating profit | 80 | 75 | 78 | 81 | 82 |
| Net profit | 36 | 23 | 40 | 28 | 27 |
| EPS (₹) | 9.61 | 6.14 | 10.78 | 7.59 | 7.21 |
Concall summary (2026-08-17)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Sheet metal utilization increased to 73% Q1 FY27 compared to 70%.
- Revenue from operations for Q1 FY27 stood at ₹ 529 crores compared to ₹ 457 crores in Q1 FY26, a growth of 16% YOY .
Growth & demand
- Total Lamination and assembly volumes stood at approximately 19,200 tons, registering a healthy 19% year-on-year growth.
- Total Casting and Machine Components volume stood at 3,191 (miss read as 13,191 on call)tons during the quarter, a growth of 4.2% YOY basis.
Margins & costs
- Machining utilization also improved to 86% compared to 82%.
- Adjusted EBITDA stood at ₹ 89 crores compared to ₹ 78 crores for Q1, representing a growth of 14%.
Capex & expansion
- We have recently commenced operations of the previously announced ₹ 150 crores Capex, which was announced last year, increasing our sheet metal capacity to 108,000 tons and augmenting our Casting and Machining capacity.
- We are now progressing with the ₹ 290 crores investment for our Greenfield Casting facility in Hyderabad.
Balance sheet & cash
- It is just that the operating leverage needs to kick in because we have finished the Capex of ₹ 150 crores and obviously the staffing and variable costs have all come in and the leverage has not come in terms of the operating leverage.
- Despite that, we have been able to meaningfully reduce the net debt, and I think there is still potential to further rationalize our working capital to the tune of about ₹ 25 crores to ₹ 30 crores.
Peers in Metal Fabrication
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