Manufactures electrical steel laminations and finished machine components (castings, machined sub-assemblies) used by industrial motor and equipment makers. Sales split between India (68.6% of segment revenue) and Outside India (31.4%). The product mix is shifting up the value chain from loose laminations to integrated machine castings and assemblies; FY26 lamination volumes were 69,517 tons (+10% YoY) and machine component volumes were 12,012 tons (+15.4% YoY). End-applications are diversified: traction motors and railway parts made up 33% of FY26 revenue, with data centres (3% but flagged as the fastest-growing mid-term vertical), mining, locomotives and power generation as other key segments; new sampling-stage customers include Caterpillar and Progress Rail. A ₹290 crore greenfield casting and machining facility in Hyderabad is being added (commissioning Q1 FY30), intended to more than double consolidated casting capacity to 36,000 MT and lift machine hours to 10.8 lakh. The cost base is materials-heavy: raw materials (chiefly electrical steel) account for 61.9% of revenue, employees 8.7%, other operating expenses 14.2% and depreciation 5.5%; Q4 FY26 capacity utilisation was sheet metal 80%, machining 87% and casting 64%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. India (69%), Outside India (31%). Capital-heavy industrial manufacturing moving up the value chain from loose laminations to integrated castings and assemblies.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 954 | 1,100 | 1,202 | 1,705 | 1,913 |
| EBITDA (ex other income) | 133 | 151 | 178 | 271 | 316 |
| margin % | 13.9 | 13.8 | 14.8 | 15.9 | 16.5 |
| Owners' profit | 52 | 59 | 0 | 0 | 0 |
| EPS, as reported (₹) | 16.18 | 18.36 | 28.14 | 33.32 | 31.77 |
| ROE % · ROCE % | 18.3 · 23.7 | 17.6 · 23.7 | 21.7 · 22.5 | 13.6 · 17.6 | 11.9 · 16.8 |
| Debt / equity (x) | 1.14 | 0.87 | 1.29 | 0.64 | 0.71 |
| Cash from operations | 88 | 222 | 74 | 289 | 205 |
| Capex | (61) | (96) | (239) | (326) | (191) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 429 | 415 | 469 | 457 | 478 | 477 | 501 | 529 |
| Profit before tax | 53 | 39 | 42 | 37 | 54 | 40 | 37 | 36 |
| Net profit | 38 | 29 | 36 | 23 | 40 | 28 | 27 | 30 |
| EPS (₹) | 10.20 | 7.64 | 9.61 | 6.14 | 10.78 | 7.59 | 7.21 | 7.99 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| India | 1,039 | 54.3 |
| Outside India | 396 | 20.7 |
| a) India | 343 | 17.9 |
| b) Outside India | 135 | 7.1 |
| Total, before eliminations | 1,913 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · NCLT approves amalgamation of two subsidiaries into Pitti Engineering | strategic transactions | high | — | — |
| 7 Sept 2026 · Company clarifies volume surge, says no undisclosed price-sensitive info | compliance | medium | — | — |
| 7 Sept 2026 · Sudden volume spike in Pitti Engineering triggers exchange query | regulatory legal | low | — | — |
| 26 Aug 2026 · Independent Director Vinod Kumar Nagururu resigns citing health reasons | management changes | medium | — | — |
| 25 Aug 2026 · Newspaper notice on 42nd AGM and e-voting details | compliance | minimal | — | — |
| 24 Aug 2026 · Pitti Engineering shares weblink to FY26 Annual Report; AGM on Sept 18, 2026 | compliance | minimal | — | — |
| 24 Aug 2026 · Pitti Engineering submits BRSR for FY 2025-26 | general | low | — | — |
| 24 Aug 2026 · 42nd AGM on 18 Sept 2026; final dividend of Rs 2.50 per share proposed | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Pitti Engineering FY26 Annual Report: Revenue up 12%, EBITDA margin expands | results | high | — | — |
| 20 Aug 2026 · Pitti Engineering publishes 42nd AGM notice in newspapers | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 | 53.5 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.7 | 26.9 | 81 of 138 | 42% |
| P/B | 4.4 | 3.5 | 62 of 111 | 45% |
| ROCE | 11.2 | 11.3 | 73 of 144 | 50% |
| ROE | 11.9 | 9.5 | 39 of 117 | 67% |
| Debt / Equity | 0.7 | 0.2 | 98 of 117 | 16% |
| EBITDA margin | 16.5 | 12.4 | 40 of 110 | 64% |
| Revenue growth | 15.9 | 20.6 | 65 of 114 | 43% |
| Profit growth | 28.9 | 17.1 | 49 of 109 | 56% |
| Market cap | 4384 | 356 | 19 of 140 | 87% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
