Finance
Valuation | |
|---|---|
| Market Cap | 2.11 kCr |
| Price/Earnings (Trailing) | 6.03 |
| Price/Sales (Trailing) | 3.6 |
| EV/EBITDA | 2.84 |
| Price/Free Cashflow | 1.96 |
| MarketCap/EBT | 5.03 |
| Enterprise Value | 1.99 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 1% |
| Price Change 1M | 0.20% |
| Price Change 6M | -20.5% |
| Price Change 1Y | -14% |
| 3Y Cumulative Return | 26.1% |
| 5Y Cumulative Return | 10.6% |
| 7Y Cumulative Return | 9.7% |
| 10Y Cumulative Return | -0.40% |
| Revenue (TTM) |
| 587.46 Cr |
| Rev. Growth (Yr) | -19.3% |
| Earnings (TTM) | 350.09 Cr |
| Earnings Growth (Yr) | 86.2% |
Profitability | |
|---|---|
| Operating Margin | 71% |
| EBT Margin | 71% |
| Return on Equity | 11.76% |
| Return on Assets | 6.54% |
| Free Cashflow Yield | 50.94% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | 775.67 Cr |
| Cash Flow from Operations (TTM) | 1.14 kCr |
| Cash Flow from Financing (TTM) | -1.38 kCr |
| Cash & Equivalents | 123.74 Cr |
| Free Cash Flow (TTM) | 1.14 kCr |
| Free Cash Flow/Share (TTM) | 17.69 |
Balance Sheet | |
|---|---|
| Total Assets | 5.35 kCr |
| Total Liabilities | 2.37 kCr |
| Shareholder Equity | 2.98 kCr |
| Net PPE | 18.35 Cr |
| Inventory | 0.00 |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 0.54 |
| Interest/Cashflow Ops | 4.82 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend Yield | 2.42% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Past Returns: Outperforming stock! In past three years, the stock has provided 26.1% return compared to 12.5% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 60%.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Dividend: Dividend paying stock. Dividend yield of 2.42%.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -16.8% in past one year. In past three years, revenues have changed by -32.9%.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Outperforming stock! In past three years, the stock has provided 26.1% return compared to 12.5% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 60%.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Dividend: Dividend paying stock. Dividend yield of 2.42%.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -16.8% in past one year. In past three years, revenues have changed by -32.9%.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 2.42% |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 5.46 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 43.91 |
| RSI (5d) | 71.43 |
| RSI (21d) | 50.53 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of PTC India Financial Services's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook during the conference call held on October 24, 2025. Notable forward-looking points include:
Disbursement Guidance: The management revised the full-year disbursement guidance to approximately INR 2,500 - 3,000 crores, recognizing that earlier targets were impacted by external factors, including the resignation of independent directors and a slowdown in customer demand due to an extended monsoon.
Sanction Pipeline: The company reported loan sanctions of approximately INR 1,048 crores in Q2, the highest in the last 10 quarters. Management indicated a pipeline of over INR 1,500 crores for the upcoming quarter, implying strong growth potential.
Asset Quality Improvement: Gross Stage III NPAs have decreased significantly by 75% over the past year to INR 193 crores, with a target to further reduce net NPAs to close to 0% by addressing the Danu Wind account, which consists of the major unresolved portion.
Strategic Focus: PTC is shifting its focus to smaller ticket sizes (around INR 50-200 crores) in the infrastructure sector, prioritizing projects that are less attractive to larger players, enhancing potential returns while managing risk effectively.
Sustainable Finance Initiatives: Management is committed to developing an ESG roadmap to capture opportunities in sustainable financing, which could lead to better access to overseas funds.
Risk Management and Credit Quality: The vision includes maintaining gross NPAs at around 3% and a net NPA target of 1%, with an anticipated annual credit cost of 60-70 basis points, suggesting a disciplined approach towards lending practices.
The management remains hopeful about increasing disbursements in the upcoming quarters as the market stabilizes and demand improves.
Understand PTC India Financial Services ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| PTC India Limited | 64.99% |
| BANDHAN LARGE & MID CAP FUND | 3.65% |
| LIFE INSURANCE CORPORATION OF INDIA | 1.41% |
Distribution across major stakeholders
Detailed comparison of PTC India Financial Services against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| PFC | Power Finance Corp | 1.24 LCr | 1.14 LCr | +11.80% | -13.80% | 5 | 1.09 | - | - |
| RECLTD | REC | 97.69 kCr | 59.62 kCr |
Comprehensive comparison against sector averages
PFS metrics compared to Finance
| Category | PFS | Finance |
|---|---|---|
| PE | 6.03 | 29.51 |
| PS | 3.60 | 5.99 |
| Growth | -16.8 % | 13.4 % |
PTC India Financial Services Limited, a non-banking finance company, provides various financing solutions primarily in India. It offers fund based/non-fund based financial assistance in the form of debt or structured debt instruments, such as term debt or project debt, corporate debt, bridge debt, and bills discounting, as well as letters of comfort, credit enhancement schemes, and deferred payment guarantees. The company acts as underwriter, lead FI, syndicator, security and facility agent, project appraiser, and DPR consultant/preparer. In addition, it invests in green-field and brown-field projects, logistics, road project, and other infrastructure. The company was incorporated in 2006 and is based in New Delhi, India. PTC India Financial Services Limited is a subsidiary of PTC India Limited.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
PFS vs Finance (2021 - 2026)
1. Question: Given the evolving Infra Financing landscape and the increasing role of NBFCs, how is PTC Financial positioning itself differently over the next 12 to 18 months? Answer: We are reformulating our long-term strategy, focusing on three dimensions: leveraging our 17 years of skill set, identifying attractive segments for returns, and engineering customer-centric solutions. We're targeting smaller project sizes of INR50-150 crores, especially in distributed infrastructure and sustainable finance, allowing us to compete effectively and grow with new segments.
2. Question: Can you detail the disbursement breakup for the quarter and segment specifics? Answer: In Q2, we disbursed over INR300 crores primarily in the power sector, including solar, wind, and some construction loans. Our ticket sizes generally ranged from INR50-100 crores. Going forward, we're committed to maintaining this diversification in our portfolio.
3. Question: What is the expected timeline for resolution and write-back regarding the Danu portfolio? Answer: Danu is our only Stage III account, currently at around INR188 crores. We expect to resolve this by the end of this fiscal year or early next year, aiming for a write-back of approximately INR220-230 crores. We're actively pursuing strategies for resolution.
4. Question: What credit cost guidance can you provide for the next 2-3 years? Answer: We aim for a gross NPA of 3% and a net NPA of around 1%. Our anticipated credit costs are expected to remain below 60-70 basis points per annum, given our focus on maintaining robust asset quality.
5. Question: Can you provide an update on your capital raising plans? Answer: We're evaluating several options for raising INR300-500 crores of capital, which will be integrated with the reconstitution of our board. It's our intent to proceed this fiscal year, contingent upon the new Board's formation.
6. Question: Why is the disbursement target continuously being revised down? Answer: Given external factors, including weather impacts disrupting construction, we adjusted our guidance to align with a realistic INR2,500-3,000 crores for the year, acknowledging we fell short in disbursements for the first half. We remain optimistic about our robust pipeline moving forward.
Distribution across major institutional holders
| -23.50% |
| 5.67 |
| 1.64 |
| - |
| - |
| HUDCO | Housing &Urban Development Corp | 43.09 kCr | 11.82 kCr | +3.50% | -4.30% | 15.37 | 3.65 | - | - |
| IREDA | Indian Renewable Energy Development Agency | 38.29 kCr | 8.07 kCr | +3.70% | -33.20% | 19.93 | 4.74 | - | - |
| 6% |
| 1.88 |
| 1.83 |
| 1.79 |
| 1.62 |
| 1.57 |
| 1.58 |
| Fees and commission expenses | 40.2% | 0.42 | 0.03 | 0.12 | 0.29 | 0 | 0.03 |
| Impairment on financial instruments | 29.9% | -56.89 | -81.59 | -3.36 | -18.68 | 6.21 | 4.77 |
| Other expenses | 5.3% | 5.2 | 4.99 | 7.83 | 7.6 | 4.95 | 3.63 |
| Profit Before exceptional items and Tax | -19.3% | 118 | 146 | 75 | 81 | 63 | 59 |
| Total profit before tax | -19.3% | 118 | 146 | 75 | 81 | 63 | 59 |
| Current tax | -210.4% | -17.76 | 18 | 6.22 | 6.24 | 16 | 15 |
| Deferred tax | 606.6% | 47 | -8.08 | 11 | 7.28 | -0.04 | 0.36 |
| Tax expense | 222.6% | 29 | 9.68 | 17 | 14 | 16 | 15 |
| Total profit (loss) for period | -36% | 88 | 137 | 58 | 67 | 47 | 44 |
| Other comp. income net of taxes | -33.1% | -0.69 | -0.27 | -0.31 | -0.9 | -0.3 | -0.12 |
| Total Comprehensive Income | -36.3% | 87 | 136 | 58 | 66 | 47 | 44 |
| Reserve excluding revaluation reserves | - | - | - | - | - | - | - |
| Earnings Per Share, Basic | -67.3% | 1.37 | 2.13 | 0.91 | 1.05 | 0.74 | 0.69 |
| Earnings Per Share, Diluted | -67.3% | 1.37 | 2.13 | 0.91 | 1.05 | 0.74 | 0.69 |
| Debt equity ratio | -0.1% | 076 | 087 | 1.03 | 0.01 | 0.01 | 0.014 |
| Debt service coverage ratio | - | 0 | - | - | - | - | - |
| Interest service coverage ratio | - | 0 | - | - | - | - | - |
| -21.2% |
| 3.75 |
| 4.49 |
| 3.59 |
| 3.5 |
| 3.49 |
| 0 |
| Other income | -75.8% | 4.63 | 16 | 6.2 | 16 | 8.88 | 5.46 |
| Total Expenses | -36% | 359 | 560 | 565 | 795 | 1,046 | 1,198 |
| Employee Expense | -15% | 18 | 21 | 20 | 19 | 17 | 16 |
| Finance costs | -21.8% | 321 | 410 | 432 | 580 | 752 | 948 |
| Depreciation and Amortization | 1.5% | 6.56 | 6.48 | 6.08 | 6.07 | 5.95 | 6.34 |
| Fees and commission expenses | -800% | 0.44 | 1.08 | 0.92 | 1.7 | 1.48 | 1.91 |
| Impairment on financial instruments | -113.9% | -11.06 | 88 | 81 | 168 | 229 | 196 |
| Other expenses | -32.4% | 24 | 35 | 20 | 17 | 35 | 29 |
| Profit Before exceptional items and Tax | 29.3% | 279 | 216 | 232 | 174 | 93 | 172 |
| Total profit before tax | 29.3% | 279 | 216 | 232 | 174 | 93 | 172 |
| Current tax | -3.8% | 51 | 53 | 75 | 0.04 | 19 | 0 |
| Deferred tax | 604.2% | 11 | 2.42 | -18.68 | 44 | 49 | 62 |
| Tax expense | 11.1% | 61 | 55 | 57 | 44 | 68 | 62 |
| Total profit (loss) for period | 35% | 217 | 161 | 176 | 130 | 26 | 110 |
| Other comp. income net of taxes | -44.5% | -1.63 | -0.82 | 0.42 | 9.33 | -6.57 | -2.43 |
| Total Comprehensive Income | 34.6% | 215 | 160 | 176 | 139 | 19 | 108 |
| Reserve excluding revaluation reserves | 11.4% | 2,112 | 1,896 | 1,800 | 1,622 | 1,477 | - |
| Earnings Per Share, Basic | 58.7% | 3.38 | 2.5 | 2.74 | 2.02 | 0.4 | 1.71 |
| Earnings Per Share, Diluted | 58.7% | 3.38 | 2.5 | 2.74 | 2.02 | 0.4 | 1.71 |
| Debt equity ratio | 103% | 1.03 | 0.0154 | 0.0209 | 0.0314 | 0.0437 | 0.0443 |
| Debt service coverage ratio | - | - | 0.0211 | 0.0184 | 0.0152 | 0.0173 | 0.0266 |
| Interest service coverage ratio | - | - | 0.0163 | 0.017 | 0.016 | 0.0145 | 0.0139 |
| 70.4% |
| 93 |
| 55 |
| - |
| 28 |
| 31 |
| 17 |
| Property, plant and equipment | -19% | 18 | 22 | - | 22 | 25 | 6.63 |
| Total non-financial assets | 3.6% | 116 | 112 | 0 | 102 | - | - |
| Total assets | -5.8% | 5,351 | 5,683 | - | 6,037 | 6,525 | 7,361 |
| Equity share capital | 0% | 642 | 642 | - | 642 | 642 | 642 |
| Total equity | 8.1% | 2,978 | 2,754 | - | 2,630 | 2,539 | 2,475 |
| Debt securities | -90.4% | 8.69 | 81 | - | 81 | 81 | 81 |
| Borrowings | -18.9% | 2,241 | 2,764 | - | 3,249 | 3,824 | 4,732 |
| Subordinated liabilities | -13.3% | 14 | 16 | - | 0 | 0 | 0 |
| Total financial liabilities | -20.6% | 2,323 | 2,924 | 0 | 3,404 | - | - |
| Provisions | 10% | 3.2 | 3 | - | 2.27 | 2.07 | 2.2 |
| Total non financial liabilities | 1398.5% | 50 | 4.27 | 0 | 3.44 | - | - |
| Total liabilities | -19% | 2,373 | 2,928 | - | - | 3,986 | 4,886 |
| Total equity and liabilities | -5.8% | 5,351 | 5,683 | - | 6,037 | 6,525 | 7,361 |
| Purchase of property, plant and equipment |
| 534.9% |
| 2.87 |
| 0.57 |
| 0.35 |
| 1.47 |
| - |
| - |
| Purchase of intangible assets | 116.5% | 1.15 | 0.09 | 0 | 0.05 | - | - |
| Purchase of intangible assets under development | -13.5% | -0.09 | 0.04 | 0.15 | 0 | - | - |
| Proceeds from sales of long-term assets | -27.3% | 17 | 23 | 260 | 50 | - | - |
| Purchase of other long-term assets | -230% | -923.1 | 712 | 0 | 203 | - | - |
| Other inflows/outflows of cash | - | -161.08 | 0 | 0 | 0 | - | - |
| Net Cashflows From Investing Activities | 212.3% | 776 | -689.06 | 259 | -153.76 | - | - |
| Proceeds from borrowings | -87.9% | 100 | 818 | 510 | 5,719 | - | - |
| Repayments of borrowings | -42.4% | 1,157 | 2,008 | 2,488 | 7,765 | - | - |
| Payments of lease liabilities | 6% | 5.98 | 5.7 | 5.43 | 4.54 | - | - |
| Dividends paid | -101.6% | 0 | 64 | 0 | 0 | - | - |
| Interest paid | -21.8% | 320 | 409 | 476 | 668 | - | - |
| Net Cashflows From Financing Activities | 17.1% | -1,383.21 | -1,668.75 | -2,459.08 | -2,719.04 | - | - |
| Net change in cash and cash eq. | 160.3% | 532 | 205 | -312.33 | -151.4 | - | - |