Pitti Engineering Ltd

About Pitti Engineering Ltd

Pitti Engineering Ltd. is a leading manufacturer of electrical laminations, motor bodies, and precision machined components. The company serves a wide array of industries including power generation, traction, industrial, and electrical, providing high-quality engineered solutions crucial for various rotating and static electrical machinery and critical industrial applications.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Pitti Engineering Ltd's P/E ratio (TTM) is 41.00, compared to the industry median of 32.51 and large cap median of 28.58.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Pitti Engineering Ltd's P/B ratio is 4.05, compared to the industry median of 5.33 and large cap median of 4.13.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Pitti Engineering Ltd's P/S ratio is 2.09, compared to the industry median of 2.74 and large cap median of 2.18.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Pitti Engineering Ltd's PEG ratio is 1.07.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Pitti Engineering Ltd's EV/EBITDA ratio is 12.22.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Pitti Engineering Ltd's ROE is 11.96%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Pitti Engineering Ltd's ROA is 14.78%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Pitti Engineering Ltd's ROCE is 15%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Pitti Engineering Ltd's operating margin is 16.52%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Pitti Engineering Ltd's net margin is 6.17%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Pitti Engineering Ltd's current ratio is 1.42.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Pitti Engineering Ltd's debt-to-equity ratio is 0.49.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Pitti Engineering Ltd's interest coverage ratio is 3.02.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Pitti Engineering Ltd's DPS is ₹2.50.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Pitti Engineering Ltd's EPS is -3.66.

(Source line: "Ratios as of 13 Aug 2026, based on last traded price of ₹1061.80. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1983 (as Pitti Laminations Limited)
• Headquarters: Hyderabad, Telangana
• Core Offerings: Electrical Laminations, Motor Bodies, Precision Machined Components, Sub-assemblies, Castings
• Stock Listing: NSE (PITTIENG), BSE (513519)
• Promoter: Pitti Family / Pitti Group

History of Pitti Engineering Ltd

['1983: Incorporated as Pitti Laminations Limited, laying the foundation for precision engineering.', '1986: Commenced commercial production of electrical laminations, catering to the growing industrial demand.', 'Late 1990s - Early 2000s: Expanded manufacturing capabilities to include motor bodies and high-precision machined components.', '2010s: Focused on capacity expansion and diversifying product applications across sectors like wind power, defense, and electric vehicles.', '2020: Company name changed to Pitti Engineering Ltd. to better reflect its comprehensive engineering expertise beyond just laminations.', 'Present: Continues to invest in advanced manufacturing technologies and capacity enhancement to serve a global customer base with high-quality engineered solutions.']

Business Segments and Revenue Mix

• Electrical Laminations & Stampings: Specializes in producing high-precision electrical steel laminations, stator-rotor assemblies, and pole assemblies. These components are vital for motors, generators, and transformers across industrial, power, and traction sectors, enhancing energy efficiency.
• Motor Bodies & Sub-assemblies: Manufactures robust motor bodies, end-shields, and other fabricated structures, often integrated with the laminations. These are crucial for housing and protecting electrical machines in various demanding environments.
• Precision Machined Components & Castings: Produces complex, high-tolerance machined components and castings. These are used in critical applications like engine parts, industrial machinery, and other high-performance systems, catering to diverse sectors including energy, mobility, and defense.

Key Personnel

Sharad B Pitti (Chairman & Whole-time Director): Founder of the company, he has been the guiding force behind its strategic direction and growth for over four decades. Akhilesh Pitti (Vice Chairman & Managing Director): An engineering graduate, he plays a pivotal role in driving the company's operational excellence, strategic expansion, and technological advancements.

Subsidiaries and Associate Companies

['Pitti Electric (India) Private Limited (Wholly Owned)', 'Pitti Rail Engineering Private Limited (Wholly Owned)']

Corporate Actions

Notable bonus issue (1:1 in August 2021) and stock split (1:10 from face value ₹10 to ₹1 in January 2023) to enhance liquidity and expand investor base.

References

1. Annual Report 2022-23 (FY23)
2. Exchange Filings (NSE/BSE)
3. Investor Presentations
4. Financial Results Announcements