PTC India Financial Services Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,529 Cr
- P/E
- 6.80
- ROE
- 11.01%
- PEG
- 0.32
- Price to sales
- 3.21
- Debt to equity
- 0.57
- 52W high / low
- ₹37.6 / ₹23.8
- Sales growth (5Y)
- -14.59%
- EBITDA margin
- 105.40%
- Net profit margin
- 62.01%
- Promoter holding
- 64.99%
- Sales (last year)
- ₹476 Cr
PTC India Financial Services Limited (PFS) is a NBFC registered with RBI which holds the status of Infrastructure Finance Company. It provides equity/debt financing solutions to the energy value chain.[1]
Guidance scorecard · Q2 FY27 call
What PTC India Financial Services Ltd's management guided
and where it ranks in Finance
Finance
RevenueQ1 FY27 call
10–20%- The company aims for calibrated, sustainable growth focusing on infrastructure financing as the core strength.
- Targets an increase in loan book/Assets Under Management (AUM) to around INR 5,000 crores by end of FY 2026-27.
- Q1 FY '27 was muted with disbursal of INR 117 crores; however, strong momentum seen post-Q1 with record sanction of over INR 1,200 crores in the first month of Q2.
- Pipeline for subsequent quarters is robust with expectations of stronger disbursements and business performance.
- Management is focused on high-quality borrowers, portfolio diversification, and prudent risk management to ensure sustainable growth.
2 more points from PTC India Financial Services Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what PTC India Financial Services Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is focused on leveraging its core strength in infrastructure financing as the primary growth engine.
- Strategy centers on building a diversified lending portfolio across private sector, PSU, and government organizations.
- Emphasis on infrastructure projects of different sizes and sectors to grow the business.
- Management aims to use available cash to invest in various infrastructure projects to create shareholder value.
- They have sanctioned more than INR1,000 crores recently, with an additional pipeline of similar size expected in coming months.
2 more points from PTC India Financial Services Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what PTC India Financial Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- As of Q1 FY '27, PTC India Financial Services Limited has shown a significant acceleration in business activity.
- In the first month of Q2, the company sanctioned over INR 1,200 crores, marking a record sanction in the last 13 quarters.
- The company has a healthy pipeline of similar-sized projects for subsequent months beyond this immediate sanction.
- Despite delays in disbursals during Q1 due to sector-specific construction delays, the sanctioned amount is expected to convert into disbursements in the current quarter.
2 more points from PTC India Financial Services Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Finance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,742 Cr | 71.8 | |
| 2 | 40%+ | Up 2%+ | ₹464 Cr | 23.9 | |
| 3 | 40%+ | Up 0–2% | ₹961 Cr | 32.7 | |
| 4 | 40%+ | Flat | ₹23,820 Cr | 21.1 | |
| 5 | 40%+ | Flat | ₹16,498 Cr | 72.4 | |
| 6 | 40%+ | Flat | ₹15,549 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Finance rankingFinancials of PTC India Financial Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
PTC India Financial Services Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% | 64.99% |
| FIIs + | 2.66% | 2.62% | 2.36% | 2.05% | 2.03% | 2.07% | 2.22% | 2.19% | 2.17% | 2.12% | 2.03% | 1.56% |
| DIIs + | 2.31% | 2.68% | 2.86% | 5.00% | 5.48% | 5.42% | 5.08% | 5.06% | 5.06% | 5.05% | 5.06% | 5.07% |
| Public + | 30.03% | 29.69% | 29.79% | 27.96% | 27.51% | 27.51% | 27.71% | 27.75% | 27.78% | 27.83% | 27.92% | 28.36% |
| No. of Shareholders | 1,35,117 | 1,48,802 | 1,47,974 | 1,44,836 | 1,43,150 | 1,41,201 | 1,41,396 | 1,37,774 | 1,38,273 | 1,34,475 | 1,31,972 | 1,29,717 |
Financials of PTC India Financial Services Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 190 | 204 | 176 | 161 | 163 | 158 | 153 | 142 | 132 | 122 | 119 | 103 | 110 |
| Interest | 107 | 103 | 92 | 88 | 83 | 78 | 72 | 65 | 58 | 58 | 44 | 38 | 34 |
| Expenses + | 14 | 32 | 64 | 12 | 15 | -2 | 9 | -71 | -45 | -1 | 12 | 9 | 61 |
| Financing Profit | 70 | 69 | 20 | 61 | 65 | 82 | 72 | 148 | 119 | 65 | 63 | 56 | 15 |
| Financing Margin % | 37% | 34% | 12% | 38% | 40% | 52% | 47% | 104% | 91% | 54% | 53% | 54% | 14% |
| Other Income + | 12 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 1 | 0 | 0 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 80 | 67 | 19 | 59 | 63 | 81 | 75 | 146 | 118 | 64 | 62 | 54 | 17 |
| Tax % | 25% | 25% | 28% | 25% | 25% | 17% | 23% | 7% | 25% | 24% | 26% | 26% | -159% |
| Net Profit + | 60 | 50 | 14 | 44 | 47 | 67 | 58 | 137 | 88 | 49 | 46 | 40 | 44 |
| EPS in Rs | 0.93 | 0.78 | 0.22 | 0.69 | 0.74 | 1.05 | 0.91 | 2.13 | 1.37 | 0.76 | 0.71 | 0.63 | 0.69 |
| Gross NPA % | |||||||||||||
| Net NPA % |
Financials of PTC India Financial Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 1,187 | 1,351 | 1,185 | 1,336 | 1,364 | 1,139 | 968 | 797 | 761 | 638 | 518 | 454 |
| Interest | 530 | 645 | 685 | 944 | 948 | 752 | 580 | 432 | 410 | 323 | 226 | 174 |
| Expenses + | 121 | 175 | 647 | 108 | 243 | 289 | 209 | 127 | 144 | 30 | -107 | 80 |
| Financing Profit | 536 | 531 | -148 | 284 | 173 | 99 | 179 | 238 | 207 | 285 | 399 | 200 |
| Financing Margin % | 45% | 39% | -12% | 21% | 13% | 9% | 19% | 30% | 27% | 45% | 77% | 44% |
| Other Income + | -0 | 1 | 0 | 0 | 5 | 0 | 1 | 0 | 16 | 0 | -2 | 4 |
| Depreciation | 4 | 3 | 3 | 3 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 531 | 529 | -150 | 281 | 172 | 93 | 174 | 232 | 216 | 279 | 390 | 197 |
| Tax % | 26% | 35% | -33% | 34% | 36% | 73% | 25% | 24% | 26% | 22% | 18% | |
| Net Profit + | 391 | 345 | -100 | 184 | 110 | 26 | 130 | 176 | 161 | 217 | 319 | 179 |
| EPS in Rs | 6.96 | 5.38 | -1.56 | 2.87 | 1.71 | 0.40 | 2.02 | 2.74 | 2.50 | 3.38 | 4.97 | 2.79 |
| Dividend Payout % | 17% | 28% | -13% | 28% | 26% | 0% | 0% | 37% | 0% | 0% | 0% |
Financials of PTC India Financial Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 562 | 642 | 642 | 642 | 642 | 642 | 642 | 642 | 642 | 642 | 642 | 642 |
| Reserves | 1,180 | 1,777 | 1,297 | 1,424 | 1,473 | 1,477 | 1,622 | 1,800 | 1,896 | 2,112 | 2,437 | 2,522 |
| Borrowing | 6,845 | 8,123 | 10,229 | 10,918 | 9,275 | 9,174 | 7,121 | 5,122 | 3,926 | 2,861 | 1,768 | 1,421 |
| Other Liabilities + | 235 | 209 | 147 | 208 | 252 | 238 | 131 | 70 | 61 | 67 | 108 | 114 |
| Total Liabilities | 8,823 | 10,752 | 12,315 | 13,193 | 11,642 | 11,532 | 9,516 | 7,634 | 6,525 | 5,683 | 4,956 | 4,699 |
| Fixed Assets + | 18 | 15 | 14 | 12 | 22 | 16 | 12 | 30 | 25 | 23 | 16 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 235 | 114 | 63 | 96 | 356 | 373 | 350 | 91 | 122 | 268 | 832 | 645 |
| Other Assets + | 8,570 | 10,623 | 12,238 | 13,085 | 11,264 | 11,142 | 9,155 | 7,513 | 6,377 | 5,391 | 4,109 | 4,041 |
| Total Assets | 8,823 | 10,752 | 12,315 | 13,193 | 11,642 | 11,532 | 9,516 | 7,634 | 6,525 | 5,683 | 4,956 | 4,699 |
Financials of PTC India Financial Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -1,167 | -888 | -1,302 | 236 | 3,228 | 1,311 | 2,721 | 1,887 | 2,563 | 1,139 | 1,780 |
| Cash from Investing Activity + | -0 | -5 | -13 | -0 | -386 | -162 | -154 | 259 | -689 | 776 | -1,165 |
| Cash from Financing Activity + | 1,169 | 904 | 1,338 | -257 | -2,652 | -883 | -2,719 | -2,459 | -1,669 | -1,383 | -1,316 |
| Net Cash Flow | 2 | 11 | 24 | -21 | 191 | 266 | -151 | -312 | 205 | 532 | -701 |
| Free Cash Flow | -1,167 | -894 | -1,314 | 236 | 3,228 | 1,311 | 2,720 | 1,887 | 2,562 | 1,135 | 1,780 |
Financials of PTC India Financial Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 22% | 17% | -5% | 9% | 5% | 1% | 6% | 7% | 6% | 8% | 11% |
Guidance history
How PTC India Financial Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
9 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −36.5% | 15% |
| Last 6 months | −23.5% | 13% |
| Last 3 months | −13.1% | 32% |
The price is 65.6% below its all-time high of ₹69.3 (9 Jan 2015). Stocks more than 20% below their peak have their score halved, so 18 became 9.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For PTC India Financial Services Ltd: 0.4 × 15 + 0.4 × 13 + 0.2 × 32 = 18, halved to 9 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What PTC India Financial Services Ltd's management said in earlier quarters
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