Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by capacity expansion and high-margin product focus.
Basis of our Recommendation
Pitti Engineering is experiencing robust revenue growth and positive demand visibility, bolstered by strategic capacity expansion and a focus on high-margin products. While there are some near-term margin pressures, the overall outlook remains favorable due to strong operational execution and market demand.
Why We Like This Stock
- Strong revenue growth driven by strategic expansion plans
- Positive demand visibility in the market
- Focus on higher-margin products enhancing profitability
Things To Watch Out For
- Near-term margin pressures
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,244 | 1,705 | 1,913 | 2,216 | 2,526 |
| Profit Before Tax (Cr.) | 119 | 162 | 168 | 201 | 232 |
| PBT Margin | 9.6% | 9.5% | 8.8% | 9.1% | 9.2% |
| Net Profit (Cr.) | 86 | 123 | 126 | 150 | 173 |
| EPS | 23.0 | 32.7 | 33.4 | 39.9 | 46.1 |
Company Overview
Show Company Profile
Pitti Engineering Limited manufactures and sells iron and steel engineering products in India and internationally. The company manufactures electrical steel laminations, stator and motor cores, sub-assemblies for motor and generator cores, pole assemblies, die-cast rotors, high precision press tools, and machined casted and fabricated parts and forged shafts. Its products are used in hydro and thermal generation, wind energy, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, e-mobility, appliances, medical equipment, oil and gas, and other industrial applications. The company was formerly known as Pitti Laminations Limited and changed its name to Pitti Engineering Limited in May 2018. Pitti Engineering Limited was incorporated in 1983 and is based in Hyderabad, India.