Power
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Valuation | |
|---|---|
| Market Cap | 4.68 kCr |
| Price/Earnings (Trailing) | 5.49 |
| Price/Sales (Trailing) | 0.29 |
| EV/EBITDA | 4.19 |
| Price/Free Cashflow | 2.55 |
| MarketCap/EBT | 3.81 |
| Enterprise Value | 6.57 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 16.2 kCr |
| Rev. Growth (Yr) | 1.5% |
| Earnings (TTM) | 968.04 Cr |
| Earnings Growth (Yr) | -27.5% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 8% |
| Return on Equity | 14.06% |
| Return on Assets | 7.16% |
| Free Cashflow Yield | 39.2% |
Growth & Returns | |
|---|---|
| Price Change 1W | -5% |
| Price Change 1M | -13% |
| Price Change 6M | -10% |
| Price Change 1Y | 4.3% |
| 3Y Cumulative Return | 18.9% |
| 5Y Cumulative Return | 15.9% |
| 7Y Cumulative Return | 10.5% |
| 10Y Cumulative Return | 9.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 869.83 Cr |
| Cash Flow from Operations (TTM) | 1.92 kCr |
| Cash Flow from Financing (TTM) | -1.94 kCr |
| Cash & Equivalents | 364.68 Cr |
| Free Cash Flow (TTM) | 1.92 kCr |
| Free Cash Flow/Share (TTM) | 64.7 |
Balance Sheet | |
|---|---|
| Total Assets | 13.52 kCr |
| Total Liabilities | 6.63 kCr |
| Shareholder Equity | 6.89 kCr |
| Current Assets | 10.63 kCr |
| Current Liabilities | 5.27 kCr |
| Net PPE | 19.36 Cr |
| Inventory | 0.00 |
| Goodwill | 3 L |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.17 |
| Debt/Equity | 0.33 |
| Interest Coverage | 2.74 |
| Interest/Cashflow Ops | 6.68 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 14.7 |
| Dividend Yield | 9.3% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 18.9% return compared to 13.3% by NIFTY 50.
Dividend: Pays a strong dividend yield of 9.3%.
Balance Sheet: Strong Balance Sheet.
Growth: Poor revenue growth. Revenue grew at a disappointing -3.3% on a trailing 12-month basis.
Technicals: SharesGuru indicator is Bearish.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -13% in last 30 days.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 18.9% return compared to 13.3% by NIFTY 50.
Dividend: Pays a strong dividend yield of 9.3%.
Balance Sheet: Strong Balance Sheet.
Growth: Poor revenue growth. Revenue grew at a disappointing -3.3% on a trailing 12-month basis.
Technicals: SharesGuru indicator is Bearish.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -13% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 9.3% |
| Dividend/Share (TTM) | 14.7 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 28.78 |
Financial Health | |
|---|---|
| Current Ratio | 2.02 |
| Debt/Equity | 0.33 |
Technical Indicators | |
|---|---|
| RSI (14d) | 12.14 |
| RSI (5d) | 20.35 |
| RSI (21d) | 34.8 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of PTC India'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.
During the earnings call on November 12, 2025, PTC India management provided a positive outlook for the company. Key points from management included:
Trading Volume Growth: Despite national energy demand growth of only 1.07%, PTC's trading volume increased by over 11% to 49.22 billion units in the first half of FY 2025-26, showcasing robust trading activity.
Margins: The trading margin was maintained at 3.54 paisa per unit, highlighting efficient operations and profitability.
Future Power Demand: Management expects power demand to grow steadily at an annual rate of 6% to 8%, although short-term fluctuations may occur due to seasonal weather changes.
Renewable Energy Initiatives:
Cross-Border Operations: Sustained energy flows to neighboring countries (Bhutan, Nepal, and Bangladesh) were noted, with stable payments and increasing electricity demand from these nations.
Long-term PPA Strategy: The management confirmed a strategic focus on increasing long-term PPAs, with plans for further renewable energy development.
Cash Utilization: The company has approximately Rs. 3000 crore in cash, with plans to allocate Rs. 1000 crore toward working capital and Rs. 1500-2000 crore for new ventures, including a joint venture in renewable energy expected to be around Rs. 500 crore.
In summary, PTC India appears to be focused on expanding its market presence, enhancing profitability through renewable energy initiatives, and maintaining strong operational efficiency to align with growing power demand.
Understand PTC India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| NHPC LIMITED | 4.05% |
| NTPC LIMITED | 4.05% |
| POWER GRID CORPORATION OF INDIA LIMITED | 4.05% |
| POWER FINANCE CORPORATION LTD | 4.05% |
| LICI LIFE NON-PAR | 3.78% |
| DAMODAR VALLEY CORPORATION | 3.38% |
| NIHAR NANDAN NILEKANI | 2.04% |
Detailed comparison of PTC India 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 |
|---|---|---|---|---|---|---|---|---|---|
| NTPC | NTPC | 3.69 LCr | 1.9 LCr | +3.60% | +12.60% | 15.26 | 1.94 | - | - |
| POWERGRID | POWER GRID Corp OF INDIA | 2.78 LCr | 48.3 kCr |
Comprehensive comparison against sector averages
PTC metrics compared to Power
| Category | PTC | Power |
|---|---|---|
| PE | 5.49 | 17.55 |
| PS | 0.29 | 2.84 |
| Growth | -3.3 % | 2 % |
PTC India Limited, together with its subsidiaries, engages in the trading of power in India, Nepal, Bhutan, and Bangladesh. The company operates in two segments, Power and Financing Business. It engages in long term, medium term, and short-term power trading activities; and cross border power trading business. The company provides financing solutions to the energy value chain which includes v or extending debt to power projects in generation, transmission, distribution, fuel resources, and fuel related infrastructure, as well as consultancy and advisory services. It serves its products to state distribution and private distribution companies, corporates, and entities trading power on power exchanges. The company was formerly known as Power Trading Corporation of India Ltd and changed its name to PTC India Limited. PTC India Limited was incorporated in 1999 and is based in New Delhi, India.
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.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
PTC vs Power (2021 - 2026)
1. Question by Vishal Mehta: "Could you provide insights on our subsidiary HPX's preparedness for market coupling, investments needed, and expected market share gains over the next 1-3 years?"
Answer: I believe HPX is well-prepared with a modern technological platform supported by BSE. Our IT team is capable, ensuring operations will proceed smoothly. Market share will evolve, but we are optimistic due to HPX's service offerings.
2. Question by Vishal Mehta: "What is the plan for utilizing our Rs. 3000 crore cash? Can you breakup its allocation for working capital, new ventures, and shareholder payouts?"
Answer: Out of the Rs. 3000 crore, we plan to allocate Rs. 1000 crore for working capital and Rs. 1500-2000 crore for strategic investments, particularly in renewable ventures. Dividend distribution is less prioritized now as we focus on growth.
3. Question by Vishal Mehta: "How does the recent joint venture in renewables differ from our previous asset sales, and what are the expectations for scale and investment required?"
Answer: This new JV differs as we're partnering with NLC, a large player in renewables. Our role focuses on facilitating trades rather than operating assets. Initial investment is expected around Rs. 500 crore, with NLC contributing significantly.
4. Question by Ragini Pandey: "What were the short-term and long-term trading volumes for Q2 FY'26? Also, what were the trading margins?"
Answer: Our long-term volume was around 12.2 billion units, while the short-term, including exchanges, was 13.8 billion units. The short-term trading margin was approximately 0.85 paisa, and long-term margins were around 7.02 paisa.
5. Question by Suyash Bhave: "Given the H1 performance, are we on track to cross 100 billion units this FY, and what is the volume guidance for the next two years?"
Answer: While H1 volumes are promising, crossing 100 billion is ambitious. We're focused on exceeding last year's volumes, considering seasonal factors will impact the second half.
6. Question by Sandeep Bhalotia: "What caused the substantial increase in cash and trade payables this quarter?"
Answer: Increased liquidity is due to better collection from utilities, as many had improved financial standings, resulting in timely payments. This better management of receivables led to a temporary cash surge.
7. Question by Dheeraj Kriplani: "What were the long-term margins in Q2 FY'26 and HPX's revenue?"
Answer: In Q2, long-term trading margins were 7.02 paisa. HPX generated revenue of Rs. 11.53 crore during the quarter, indicating our stake is yielding results.
8. Question by Rupesh Sankhe: "What is the status of Teesta? When is it expected to become operational?"
Answer: Teesta has resolved disputes and is in the construction phase, scheduled to start operations for part of its capacity next year.
9. Question by Channamallu Halagudi: "What is the timeline for the PFS divestment and reasons for delay?"
Answer: Divestment plans are under careful consideration. We aim not to rush it, as we seek to maximize value rather than conduct a fire sale, ensuring we refine our strategy before proceeding.
This summary encapsulates significant questions and responses from the Q&A section of the earnings transcript, maintaining fidelity to reported figures and strategies.
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND | 1.75% |
| ISHARES II PUBLIC LIMITED COMPANY - ISHARES GLOBAL CLEAN ENERGY TRANSITION UCITS | 1.18% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM - AQR CAPITAL MANAGEMENT, LLC 1 | 1.13% |
| VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL E | 1.04% |
Distribution across major stakeholders
Distribution across major institutional holders
| +12.20% |
| 17.91 |
| 5.76 |
| - |
| - |
| TATAPOWER | Tata Power Co. | 1.2 LCr | 66.16 kCr | +1.10% | +6.10% | 31.66 | 1.81 | - | - |
| NHPC | NHPC | 74.51 kCr | 12.24 kCr | -5.50% | -4.30% | 23.55 | 6.09 | - | - |
| SJVN | SJVN | 27.9 kCr | 3.72 kCr | -4.00% | -18.80% | 44.09 | 7.49 | - | - |
Analysis of PTC India's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Power | 95.1% | 3.3 kCr |
| Financing business | 3.5% | 120.9 Cr |
| Unallocated | 1.4% | 50.2 Cr |
| Profit Before exceptional items and Tax |
| -39.7% |
| 180 |
| 298 |
| 287 |
| 161 |
| 227 |
| 219 |
| Exceptional items before tax | - | -4.35 | 0 | 0 | 306 | 0 | 0 |
| Total profit before tax | -41.1% | 176 | 298 | 287 | 467 | 227 | 219 |
| Current tax | 48.3% | 44 | 30 | 22 | 104 | 46 | 58 |
| Deferred tax | -103.3% | -0.47 | 46 | 23 | -0.35 | 5.42 | -1.4 |
| Total tax | -42.7% | 44 | 76 | 46 | 104 | 51 | 56 |
| Total profit (loss) for period | -41.2% | 131 | 222 | 243 | 372 | 181 | 234 |
| Other comp. income net of taxes | 153.7% | 1.79 | -0.47 | 0.07 | -6.04 | -0.56 | -0.68 |
| Total Comprehensive Income | -40.3% | 133 | 222 | 243 | 366 | 181 | 233 |
| Earnings Per Share, Basic | -47.8% | 3.85 | 6.46 | 6.59 | 11.88 | 5.314 | 7.34 |
| Earnings Per Share, Diluted | -47.8% | 3.85 | 6.46 | 6.59 | 11.88 | 5.314 | 7.34 |
| -1.5% |
| 67 |
| 68 |
| 61 |
| 52 |
| 45 |
| 39 |
| Finance costs | 116.7% | 27 | 13 | 29 | 37 | 28 | 55 |
| Depreciation and Amortization | -30.8% | 2.75 | 3.53 | 3.86 | 3.74 | 2.79 | 2.85 |
| Other expenses | 348.9% | 414 | 93 | 61 | 78 | 55 | 67 |
| Total Expenses | -3% | 15,110 | 15,575 | 14,478 | 15,066 | 16,366 | 16,065 |
| Profit Before exceptional items and Tax | 6.2% | 535 | 504 | 431 | 571 | 626 | 424 |
| Exceptional items before tax | 2525.5% | 522 | -20.48 | 50 | 0 | -60.26 | -1.13 |
| Total profit before tax | 118.4% | 1,056 | 484 | 481 | 571 | 566 | 423 |
| Current tax | 75.4% | 215 | 123 | 118 | 153 | 158 | 103 |
| Deferred tax | -64.5% | -13.38 | -7.74 | -6.51 | -6.43 | -2.31 | -0.09 |
| Total tax | 76.3% | 202 | 115 | 112 | 147 | 155 | 102 |
| Total profit (loss) for period | 132.1% | 855 | 369 | 370 | 425 | 410 | 320 |
| Other comp. income net of taxes | 95% | -5.15 | -122.42 | 19 | 9.97 | 0.71 | 0.58 |
| Total Comprehensive Income | 245.1% | 850 | 247 | 389 | 435 | 411 | 321 |
| Earnings Per Share, Basic | 143.1% | 28.88 | 12.47 | 12.49 | 14.351 | 13.86 | 10.81 |
| Earnings Per Share, Diluted | 143.1% | 28.88 | 12.47 | 12.49 | 14.351 | 13.86 | 10.81 |
| Debt equity ratio | -0.1% | 0 | 01 | - | - | - | - |
| Debt service coverage ratio | -1.1% | 0 | 0.0105 | - | - | - | - |
| 0% |
| 93 |
| 93 |
| 866 |
| 99 |
| 1,643 |
| 1,630 |
| Loans, non-current | 18.5% | 0.78 | 0.73 | 0.62 | 0.52 | 0.33 | 0.38 |
| Total non-current financial assets | 0% | 94 | 94 | 867 | 100 | 1,643 | 1,630 |
| Total non-current assets | -0.4% | 958 | 962 | 939 | 962 | 1,736 | 1,741 |
| Total assets | 12.2% | 8,957 | 7,985 | 8,970 | 8,183 | 9,285 | 8,443 |
| Borrowings, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial liabilities | 0% | 0.71 | 0.71 | 1.03 | 0 | 1.38 | 1.61 |
| Provisions, non-current | -23.1% | 41 | 53 | 19 | 21 | 27 | 26 |
| Total non-current liabilities | -22.6% | 42 | 54 | 20 | 21 | 29 | 27 |
| Borrowings, current | -101% | 0 | 101 | 323 | 400 | 340 | 200 |
| Total current financial liabilities | 35.4% | 4,164 | 3,075 | 4,731 | 3,964 | 5,043 | 4,220 |
| Provisions, current | -89.7% | 0.45 | 0.71 | 0.62 | 0.93 | 0.83 | 0.53 |
| Current tax liabilities | 0% | 9.48 | 9.48 | 0 | 0 | 0 | 0 |
| Total current liabilities | 34.5% | 4,256 | 3,165 | 4,810 | 4,014 | 5,133 | 4,284 |
| Total liabilities | 33.5% | 4,298 | 3,219 | 4,830 | 4,035 | 5,161 | 4,311 |
| Equity share capital | 0% | 296 | 296 | 296 | 296 | 296 | 296 |
| Total equity | -2.2% | 4,660 | 4,767 | 4,140 | 4,148 | 4,124 | 4,132 |
| Total equity and liabilities | 12.2% | 8,957 | 7,985 | 8,970 | 8,183 | 9,285 | 8,443 |
| 76.1% |
| 200 |
| 114 |
| 162 |
| 130 |
| - |
| - |
| Other inflows (outflows) of cash | -1018.8% | -476.79 | 53 | 0 | 0 | - | - |
| Net Cashflows From Operating Activities | 267.5% | 786 | -467.77 | 1,302 | 267 | - | - |
| Proceeds from sales of PPE | 38.9% | 0.42 | 0.05 | 0.32 | 0.07 | - | - |
| Purchase of property, plant and equipment | -61.2% | 1.45 | 2.16 | 1.26 | 3.1 | - | - |
| Dividends received | -102.4% | 0 | 42 | 0 | 0 | - | - |
| Interest received | -60.9% | 10 | 24 | 1.71 | 0.2 | - | - |
| Other inflows (outflows) of cash | -780.9% | -1,095.28 | 162 | -24.99 | 174 | - | - |
| Net Cashflows From Investing Activities | -60.4% | 90 | 226 | -24.22 | 171 | - | - |
| Payments of other equity instruments | - | 299 | 0 | 0 | 0 | - | - |
| Proceeds from borrowings | -100.5% | 0 | 200 | -1,029.6 | 273 | - | - |
| Dividends paid | 0% | 231 | 231 | 172 | 222 | - | - |
| Interest paid | 116.7% | 27 | 13 | 30 | 37 | - | - |
| Other inflows (outflows) of cash | - | -0.32 | 0 | -0.21 | -0.13 | - | - |
| Net Cashflows from Financing Activities | -1141.4% | -557.37 | -43.98 | -1,231.45 | 14 | - | - |
| Net change in cash and cash eq. | 210.4% | 318 | -286.2 | 47 | 452 | - | - |
| Total |
| 3.5 kCr |