Manufactures precision castings, forgings and advanced metal components serving aerospace, defence and strategic sectors. The company has shifted from build-to-print component supply into higher-value design-led and systems work, evidenced by a recent string of domestic defence orders: two major artillery gun components for Gun Factory Kanpur, a unit of Advanced Weapons and Equipment India Limited, on a 9-month execution timeline; a titanium cradle for the 105mm Indian Light Weight Tank from DRDO's ARDE on a 2.5-year timeline, which is its first design-led order; and a strategic missile sub-system for BrahMos Aerospace on a 2-year timeline. It also supplies components for the M777 howitzer programme for BAE Systems. Through wholly owned subsidiary Aerolloy Technologies, it is establishing India's first integrated titanium and superalloy materials ecosystem at the Lucknow Strategic Materials Technology Complex. Materials account for 56.8% of FY26 revenue, while capex stood at 52.6% of revenue, indicating heavy ongoing investment in capacity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Precision castings and forgings, Defence components and sub-systems, Aerospace components, Advanced materials. Capital-intensive castings and advanced materials business moving up the value chain into design-led defence systems
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 179 | 219 | 257 | 308 | 603 |
| EBITDA (ex other income) | 41 | 59 | 73 | 74 | 132 |
| margin % | 22.7 | 26.7 | 28.3 | 24.1 | 21.9 |
| Owners' profit | 13 | 26 | 42 | 61 | 0 |
| EPS, as reported (₹) | 24.45 | 19.60 | 30.83 | 41.37 | 67.76 |
| ROE % · ROCE % | 7.8 · 11.4 | 8.4 · 11.5 | 6.5 · 9.2 | 4.4 · 6.0 | 6.7 · 8.0 |
| Debt / equity (x) | 1.16 | 0.58 | 0.28 | 0.04 | 0.17 |
| Cash from operations | 25 | 47 | (96) | 14 | (69) |
| Capex | (28) | (96) | (117) | (190) | (317) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 72 | 67 | 122 | 97 | 125 | 156 | 225 | 192 |
| Profit before tax | 22 | 19 | 31 | 9 | 23 | 23 | 72 | 37 |
| Net profit | 17 | 14 | 25 | 5 | 18 | 18 | 60 | 29 |
| EPS (₹) | 11.85 | 9.51 | 16.40 | 3.44 | 12.10 | 12.25 | 39.96 | 19.47 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| AIA ENGINEERING LIMITED | 38,261 | 30.2 | 4.76 | 22.0 | 15.8 | 19.3 | 8.9 | 35.8 |
| PTC INDUSTRIES LIMITED ◆ | 35,141 | 279.8 | 23.32 | 205.3 | 6.7 | 7.5 | 29.8 | 28.3 |
| HAPPY FORGINGS LIMITED | 20,465 | 62.5 | 9.62 | 41.4 | 14.2 | 18.5 | — | 33.8 |
| BALU FORGE INDUSTRIES LTD | 6,464 | 21.9 | 4.05 | 19.6 | 16.2 | 18.8 | — | 29.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · PTC Industries submits BRSR sustainability report for FY 2025-26 | compliance | low | — | — |
| 8 Sept 2026 · PTC Industries 63rd AGM scheduled for September 30, 2026 | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · PTC Industries: 63rd AGM notice and FY26 annual report filed | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · PTC Industries submits BRSR report for FY 2025-26 to exchanges | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of 63rd AGM and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Board approves 63rd AGM notice for September 30, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · PTC Industries to meet Fidelity Management & Research on Sept 9 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · PTC Industries to meet HSBC Mutual Fund on Sep 7, 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · PTC Industries schedules meet with seven institutional investors on Sept 4 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Investor meeting scheduled with Capital Group on Sept 1, 2026 | board shareholder meetings | low | — | — |
| 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 |
| STEELCAST LIMITED | 3,313 | 36.5 | 8.39 | — | 22.0 | 28.5 | — | 28.2 |
| Amic Forging Limited | 2,553 | 29.8 | — | — | — | 18.4 | — | — |
| INVESTMENT & PREC CAST L | 1,406 | 119.5 | 13.70 | 46.6 | 11.5 | 13.0 | 12.5 | 18.6 |
| NELCAST LIMITED | 940 | 22.8 | 1.57 | 8.9 | 8.1 | 9.4 | 16.8 | 5.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 279.8 | 29.9 | 22 of 22 | 0% |
| P/B | 23.3 | 4.1 | 20 of 20 | 0% |
| ROCE | 7.5 | 13.7 | 20 of 24 | 17% |
| ROE | 6.7 | 11.5 | 16 of 20 | 21% |
| Debt / Equity | 0.2 | 0.1 | 12 of 20 | 42% |
| EBITDA margin | 28.3 | 18.5 | 6 of 20 | 74% |
| Revenue growth | 97.4 | 12.2 | 1 of 18 | 100% |
| Profit growth | 466.2 | 19.3 | 1 of 17 | 100% |
| Market cap | 35141 | 482 | 2 of 24 | 96% |
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| 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 |
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