Arthneeti

PTC India Q1 FY27 Share Price & Earnings Call Analysis

₹141.02+3.16% today
Market cap
₹4,172 Cr
P/E
8.17
ROE
10.25%
PEG
0.74
Price to sales
0.24
Debt to equity
0.30
52W high / low
₹227 / ₹133
Sales growth (5Y)
-1.78%
EBITDA margin
4.25%
Net profit margin
4.27%
Promoter holding
16.22%
Sales (last year)
₹17,535 Cr

PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). [1][2]

Guidance scorecard · Q1 FY27 call

What PTC India Ltd's management guided
and where it ranks in Power

#21of 24 in
Power
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Power demand is expected to grow steadily at 4%-6% annually, despite possible short-term volatility due to weather conditions.
  • Volume increase of 12% to 25.8 billion units in the recent quarter, mainly driven by growth in exchange trade.
  • Trading business has potential to grow with more favorable policies supporting merchant power and short/medium-term markets.
  • Opportunities expected from renewable energy markets combined with storage technologies (e.g., batteries) to balance supply-demand fluctuations.
  • No expiry of long-term contracts expected in next three years, ensuring stable revenue from existing portfolio.
  • New long-term power procurement includes 1200 MW solar power PPA from NTPC Green, expected by FY29.

2 more points from PTC India Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what PTC India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • For the NLC JV, the Board has approved an investment of up to Rs. 500 crore, to be deployed over time based on projects to be executed.
  • The company is engaged in discussions and evaluating options regarding battery capacity/storage solutions, considering both asset ownership and long-term rental models.
  • They have signed a long-term power purchase agreement (PPF) of 1200 MW for solar power procurement from NTPC Green, expected to come online around FY29.
  • The Teesta Urja hydropower project (1.2 GW) is under construction, with partial power generation expected to start by December in stages.

2 more points from PTC India Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what PTC India Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what PTC India Ltd said on the order book →

Full Q1 FY27 analysis
Full Power ranking

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 Power
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does PTC India Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Power companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹1,624 Cr8.3
240%+Flat₹28,982 Cr48.7
340%+Flat₹15,130 Cr573.5
440%+Flat₹15,007 Cr95.7
520–40%Flat₹3.78L Cr26.5
620–40%Flat₹1.95L Cr100.7

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Financials of PTC India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of PTC India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +3,5734,7585,0703,4283,5074,5555,1283,4212,9244,0095,4593,4053,898
Expenses +3,2954,4924,7753,1783,2564,3114,8223,1112,7683,7215,1833,2323,753
Operating Profit278267295250251244306310156288275173145
OPM %8%6%6%7%7%5%6%9%5%7%5%5%4%
Other Income +161372-7-22173779421951276875
Interest106110109104100173918599921016453
Depreciation3223322232333
Profit before tax185168255136126242290232475289298175164
Tax %25%25%21%29%28%22%19%22%22%16%26%25%26%
Net Profit +1401252029791189234181372243222131121
EPS in Rs4.293.796.132.682.915.877.345.3211.886.596.463.853.56

Financials of PTC India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +13,83813,44715,31112,76615,15518,10118,34616,85615,97116,76316,24116,771
Expenses +12,83612,33313,91811,61213,20116,27516,64615,27614,61615,69415,10415,888
Operating Profit1,0021,1141,3931,1541,9541,8261,6991,5801,3551,0701,137883
OPM %7%8%9%9%13%10%9%9%8%6%7%5%
Other Income +6154203147130238233275467364
Interest4226338029461,2431,159928757605431356310
Depreciation81021979710010010110210910
Profit before tax5776247722587445896797456807031,239926
Tax %32%35%34%36%34%31%33%26%25%24%21%22%
Net Profit +326406506165490406458552507533976717
EPS in Rs8.6610.9014.016.7514.3712.4215.1617.1015.0516.1130.4120.46
Dividend Payout %25%23%21%59%28%44%49%46%52%48%38%42%

Financials of PTC India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital296296296296296296296296296296296296
Reserves2,7863,2553,5593,4233,6663,8914,1244,4274,7234,8465,5095,685
Borrowings +5,1107,7249,99912,35313,32011,40811,4799,7716,5464,3272,9621,769
Other Liabilities +2,4773,5074,2453,1813,9965,5144,7695,3875,0655,6544,1484,881
Total Liabilities10,67014,78218,09819,25321,27821,10920,66819,88216,63015,12312,91612,631
Fixed Assets +493872,1552,0611,9671,8841,7871,6931,617433832
CWIP000000000000
Investments1,2931,102974400291564972768326284377941
Other Assets +9,32813,29314,97016,79219,02018,66217,90917,42114,68614,79612,50011,658
Total Assets10,67014,78218,09819,25321,27821,10920,66819,88216,63015,12312,91612,631

Financials of PTC India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-497-1,281111-1,438-1083,2942,1083,0493,5752,4512,1322,817
Cash from Investing Activity +-16087-1,374249244-414-50546168-519869-824
Cash from Financing Activity +7091,1241,3531,278-408-2,570-1,085-2,788-4,019-2,042-2,165-3,428
Net Cash Flow52-709189-272309518308-276-110835-1,434
Free Cash Flow-500-1,594-1,366-1,754-1113,2922,1053,0403,5742,4482,1272,813
CFO/OP-29%-88%28%-99%9%194%130%193%275%247%211%347%

Financials of PTC India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days67101789511814112315613012510795
Inventory Days00000000000
Days Payable
Cash Conversion Cycle67101789511814112315613012510795
Working Capital Days7-4-62-79-238202524523637
ROCE %13%12%12%8%11%10%10%9%9%10%12%13%

Guidance history

How PTC India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →0–10%FlatPlannedNone planned—
Q2 FY26 call →0–10%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−18.4%38%
Last 6 months−32.1%6%
Last 3 months−16.6%25%

The price is 42.2% below its all-time high of ₹243.95 (2 Feb 2024). Stocks more than 20% below their peak have their score halved, so 23 became 11.

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 Ltd: 0.4 × 38 + 0.4 × 6 + 0.2 × 25 = 23, halved to 11 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 Ltd's management said in earlier quarters

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