As enclosed.
PTCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PTC Industries reported strong top-line growth with consolidated revenue from operations jumping 96% to Rs 60,278 lakhs in FY26 from Rs 30,807 lakhs in FY25, driven by the newly consolidated subsidiaries (Trac Holdings group acquired in Dec 2024). Consolidated PAT grew 66% to Rs 10,156 lakhs, with EPS at Rs 67.74. Standalone PAT, however, declined ~6% to Rs 3,295 lakhs. The balance sheet shows total assets grew to Rs 195,625 lakhs, supported by Rs 87,508 lakhs in subsidiary investments. A major concern is the consolidated operating cash flow turning sharply negative at Rs -6,866 lakhs (vs positive Rs 1,359 lakhs in FY25), due to large working capital buildup — trade receivables surged Rs 12,722 lakhs and inventory increased Rs 9,085 lakhs, likely linked to the acquired subsidiaries and business scaling. Total borrowings rose significantly to Rs 26,134 lakhs from Rs 6,083 lakhs. S.N. Dhawan & Co LLP issued an unmodified audit opinion with no going concern or qualification flags.
Revenue growth is exceptional and the acquired subsidiaries are boosting consolidated scale, but the sharp negative operating cash flow and rising debt levels are red flags for investors — the company needs to demonstrate working capital management improvement to sustain this growth trajectory.