details

Peer companies

;

Share Market News

Pitti Engineering is currently trading at Rs. 42.00, up by 0.70 points or 1.69% from its previous closing of Rs. 41.30 on the BSE.The scrip opened at Rs. 43.45 and has touched a high and low of Rs. 43.80 and Rs. 41.55 respectively. So far 1652 shares were traded on the counter.The BSE group `B` stock of face value Rs. 5 has touched a 52 week high of Rs. 90.15 on 21-Nov-2018 and a 52 week low of Rs. 31.50 on 22-Aug-2019.Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 39.55 respectively. The current market cap of the company is Rs. 133.17 crore.The promoters holding in the company stood at 56.79%, while Institutions and Non-Institutions held 2.55% and 40.66% respectively.Pitti Engineering has reportedly secured Rs 750 crore orders from GE India. The orders are to supply traction motor-related products and other ancillaries to be used in locomotives being made for Indian Railways.Pitti Engineering is engaged in the manufacturing of electrical laminations for use in all types of motors for a wide spectrum of applications, alternators, DC machines, railway lighting alternators etc.

The company witnessed a 14.66% growth in the revenue at Rs. 1496.87 millions for the quarter ended June 2019 as compared to Rs. 1305.47 millions during the year-ago period.Net profit stood at Rs. 44.90  millions  compared to Rs. 40.34 millions in the corresponding previous quarter,high by 11.30%.Operating profit for the quarter ended June 2019 rose to 218.96 millions as compared to 193.47 millions of corresponding quarter ended June 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 1496.87 1305.47 14.66 1496.87 1305.47 14.66 6222.15 3860.26 61.18 Other Income 5.28 4.36 21.10 5.28 4.36 21.10 22.67 29.43 -22.97 PBIDT 218.96 193.47 13.18 218.96 193.47 13.18 923.65 574.28 60.84 Interest 80.68 71.69 12.54 80.68 71.69 12.54 296.14 234.82 26.11 PBDT 138.28 121.78 13.55 138.28 121.78 13.55 627.52 339.47 84.85 Depreciation 67.04 53.74 24.75 67.04 53.74 24.75 224.14 176.32 27.12 PBT 71.24 68.04 4.70 71.24 68.04 4.70 403.38 163.15 147.24 TAX 26.34 27.70 -4.91 26.34 27.70 -4.91 166.18 50.35 230.05 Deferred Tax 2.70 10.44 -74.14 2.70 10.44 -74.14 71.50 48.97 46.01 PAT 44.90 40.34 11.30 44.90 40.34 11.30 237.20 112.80 110.28 Equity 160.29 149.18 7.45 160.29 149.18 7.45 149.18 149.18 0.00 PBIDTM(%) 14.63 14.82 -1.30 14.63 14.82 -1.30 14.84 14.88 -0.22

The total revenue for the September 2018 quarter zoomed 106.89% to Rs. 1727.37 millions as compared to Rs. 834.93 millions during the year-ago period.The Net Profit of the company vaulted to 138.24% to Rs. 79.50  millions from Rs. 33.37 millions in the previous quarter.Operating profit surged to 285.27 millions from the corresponding previous quarter of 129.50 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 1727.37 834.93 106.89 3032.84 1823.62 66.31 3875.58 3057.32 26.76 Other Income 25.82 6.20 316.45 30.18 10.45 188.80 29.43 30.69 -4.11 PBIDT 285.27 129.50 120.29 478.74 258.36 85.30 575.26 366.06 57.15 Interest 82.32 45.83 79.62 154.01 96.90 58.94 235.79 153.16 53.95 PBDT 202.95 83.67 142.56 324.73 161.46 101.12 339.47 212.90 59.45 Depreciation 56.31 40.25 39.90 110.05 78.62 39.98 176.32 161.74 9.01 PBT 146.64 43.42 237.72 214.68 82.84 159.15 163.15 51.16 218.90 TAX 67.14 10.04 568.73 94.84 24.58 285.84 50.35 8.05 525.47 Deferred Tax 26.15 10.45 150.24 36.59 6.20 490.16 48.97 -6.35 -871.18 PAT 79.50 33.37 138.24 119.84 58.25 105.73 112.80 43.10 161.72 Equity 149.18 134.92 10.57 149.18 134.92 10.57 149.18 134.92 10.57 PBIDTM(%) 16.51 15.51 6.48 15.79 14.17 11.42 14.84 11.97 23.97

The sales figure stood at Rs. 1305.47 millions for the June 2018 quarter. The mentioned figure indicates a growth of about 32.04% as compared to Rs. 988.69 millions during the year-ago period.Profit after tax for the quarter ended June 2018 reported a huge growth of 62.14% to Rs. 40.34  millions from Rs. 24.88 millions.Operating profit surged to 193.47 millions from the corresponding previous quarter of 128.86 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 1305.47 988.69 32.04 1305.47 988.69 32.04 3875.58 3057.32 26.76 Other Income 4.36 4.25 2.59 4.36 4.25 2.59 29.43 30.69 -4.11 PBIDT 193.47 128.86 50.14 193.47 128.86 50.14 575.26 366.06 57.15 Interest 71.69 51.07 40.38 71.69 51.07 40.38 235.79 153.16 53.95 PBDT 121.78 77.79 56.55 121.78 77.79 56.55 339.47 212.90 59.45 Depreciation 53.74 38.37 40.06 53.74 38.37 40.06 176.32 161.74 9.01 PBT 68.04 39.42 72.60 68.04 39.42 72.60 163.15 51.16 218.90 TAX 27.70 14.54 90.51 27.70 14.54 90.51 50.35 8.05 525.47 Deferred Tax 10.44 -4.25 -345.65 10.44 -4.25 -345.65 48.97 -6.35 -871.18 PAT 40.34 24.88 62.14 40.34 24.88 62.14 112.80 43.10 161.72 Equity 149.18 134.92 10.57 149.18 134.92 10.57 149.18 134.92 10.57 PBIDTM(%) 14.82 13.03 13.71 14.82 13.03 13.71 14.84 11.97 23.97

The sales for the March 2018 quarter moved up 40.38% to Rs. 1269.19 millions as compared to Rs. 904.12 millions during the corresponding quarter last year.The Net Profit of the company reported a remarkable increase of 1993.23% to Rs. 27.84  millions  from Rs. 1.33 millions in previous same quarter.OP of the company witnessed a marginal growth to 200.72 millions from 95.08 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201703 201603 % Var Sales 1269.19 904.12 40.38 3875.59 3057.31 26.76 3057.32 3298.37 -7.31 Other Income 14.73 19.23 -23.40 29.43 30.68 -4.07 50.86 20.10 153.03 PBIDT 200.72 95.08 111.11 575.24 366.07 57.14 378.68 187.01 102.49 Interest 89.69 35.56 152.22 235.78 153.16 53.94 173.61 146.97 18.13 PBDT 111.03 59.52 86.54 339.46 212.91 59.44 205.07 40.04 412.16 Depreciation 53.54 39.27 36.34 176.32 161.75 9.01 136.95 154.24 -11.21 PBT 57.49 20.25 183.90 163.14 51.16 218.88 68.12 -114.20 -159.65 TAX 29.65 18.92 56.71 50.35 8.06 524.69 5.28 -18.62 -128.36 Deferred Tax 54.66 13.56 303.10 48.97 -6.35 -871.18 0.00 0.00 0.00 PAT 27.84 1.33 1993.23 112.79 43.10 161.69 62.84 -95.58 -165.75 Equity 149.18 134.92 10.57 149.18 134.92 10.57 134.92 134.92 0.00 PBIDTM(%) 15.81 10.52 50.38 14.84 11.97 23.96 12.39 5.67 118.46

Pitti Laminations is currently trading at Rs. 99.80, up by 1.45 points or 1.47% from its previous closing of Rs. 98.35 on the BSE.The scrip opened at Rs. 102.00 and has touched a high and low of Rs. 102.95 and Rs. 99.80 respectively. So far 4829 shares were traded on the counter.The BSE group `B` stock of face value Rs. 5 has touched a 52 week high of Rs. 118.60 on 20-Dec-2017 and a 52 week low of Rs. 46.50 on 11-Aug-2017.Last one week high and low of the scrip stood at Rs. 106.30 and Rs. 97.00 respectively. The current market cap of the company is Rs. 270.51 crore.The promoters holding in the company stood at 60.00%, while institutions and non-institutions held 3.34% and 36.67% respectively.Pitti Laminations has commenced the commercial production at its new manufacturing facility situated at Gut No, 194, Limbejalgaoa Village, Gangapur Taluk, Aurangabad in state of Maharashtra on January 16, 2018. The plant at Aurangabad will manufacture Lamination and Assemblies, Exciter Motors and Machined Components. The operations of Hyderabad-Plant I and Pune Plant are moved to the Aurangabad Plant.Pitti Laminations is engaged in the manufacturing of electrical laminations for use in all types of motors for a wide spectrum of applications, alternators, DC machines, railway lighting alternators etc.

With reference to the earlier letter dated September 26, 2016, Pitti Laminations has now informed that all the meeting scheduled in Mumbai stands cancelled as the management team was unable to travel due to exigencies.The above information is a part of company’s filings submitted to BSE.

Pitti Laminations has informed that Y B Sahgal, Executive Director, aged 62 years has expressed his intention to retire from the Company and submitted his resignation as Director of the Company with effect from September 30, 2016.The above information is a part of company’s filings submitted to BSE.

Pitti Laminations is currently trading at its upper circuit limit of Rs. 46.90, up by 7.80 points or 19.95 % from its previous closing of Rs. 39.10 on the BSE.The scrip opened at Rs. 39.05 and has touched a high and low of Rs. 46.90 and Rs. 39.05 respectively. So far 91577 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 66.45 on 29-Oct-2015 and a 52 week low of Rs. 26.00 on 16-Mar-2016.Last one week high and low of the scrip stood at Rs. 46.90 and Rs. 39.00 respectively. The current market cap of the company is Rs. 126.55 crore.The promoters holding in the company stood at 60.00%, while institutions and non-institutions held 3.09% and 36.91% respectively.Pitti Laminations has entered into an agreement with GE India Industrial valuing about Rs 500 crore over the tenure of the agreement for supply of various parts to be used in locomotives, which are to be supplied to Indian Railways by GE. The duration of the agreement is up to the year 2030. The said contract is over and above the existing contracts.Pitti Laminations is a Industrial Machinery manufacturing company. It offers electrical stampings, die cast rotors, tools, jigs, fixtures and moulds, electrical laminations for application in industrial motors, direct current machines, alternators, traction motors, pumps etc.

Pitti Laminations has informed that a Board Meeting on May 20, 2016, to consider and approve the Audited financial results for the quarter and year ended March 31, 2016. Further, pursuant to the Company’s Code of internal procedure and conduct for prohibition of insider trading, the ‘Trading Window’ for trading in the equity shares of the Company by any ‘Designated Employee’ covered under the said code is closed from May 12, 2016 to May 23, 2016.The above information is a part of company’s filings submitted to BSE.

Pitti Laminations is currently trading at Rs 37.45, up by 1.15 points or 3.17% from its previous closing of Rs. 36.30 on the BSE.The scrip opened at Rs 37.60 and has touched a high and low of Rs. 37.80 and Rs 37.00 respectively. So far 3010 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 88.75 on 05-Aug-2015 and a 52 week low of Rs. 26.00 on 16-Mar-2016.Last one week high and low of the scrip stood at Rs. 38.95 and Rs. 36.15 respectively. The current market cap of the company is Rs. 101.19 crore.The promoters holding in the company stood at 60.00% while Institutions and Non-Institutions held 2.87% and 37.13% respectively.Pitti Laminations has announced that the ongoing strike has been called-off by the workmen with effect from April 20, 2016 after the management and the workmen represented by the union entered into an amicable settlement and operations are back to normal with immediate effect. The strike by workmen was in protest against the shifting of operations from Plant I.Pitti Laminations is a Industrial Machinery manufacturing company. It offers electrical stampings, die cast rotors, tools, jigs, fixtures and moulds, electrical laminations for application in industrial motors, direct current machines, alternators, traction motors, pumps, train lighting generators, aeronautics, medical diagnostics equipments, windmill generators, laminations for specialized applications, die-cast rotors, assembled stators and built-up rotors.

With reference to the earlier letter dated March 18, 2016 with regard to the strike by workmen in protest against the shifting of operations from Plant I. Pitti Laminations has now informed that the ongoing strike has been called-off by the workmen with effect from April 20, 2016 after the management and the workmen represented by the union entered into an amicable settlement and operations are back to normal with immediate effect.The above information is a part of company’s filings submitted to BSE.