Pitti Engineering Ltd

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NSEBSE

794.9525.25 (3.28%)

01:09 PM,1st Mar 2024

787.5514.85 (1.92%)

01:19 PM,1st Mar 2024

BSE : 513519

NSE : PITTIENG

Sector : Engineering

ISIN Code : INE450D01021

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Last Updated: Mar 01 2024 | 01:19 PM IST

Market Cap (₹ Cr)

2548

Turnover (₹ Cr)

1.44

Volume (Shares)

181514

Face Value

5

52-WK High

808.20

52-WK High Date

28 Feb 2024

52-WK Low

255.60

52-WK Low Date

16 Mar 2023

All Time High

808.20

All Time High Date

28 Feb 2024

All Time Low

8.25

All Time Low Date

06 Mar 2009

Pitti Engineering Ltd

Pitti Engineering Limited (Formerly known as Pitti Laminations Limited) was incorporated on September 17 1983. The Company is engaged in manufacture of engineering products of iron and steel including electrical steel lamination sub-assemblies for motor & generator cores die-cast rotors and machined casted & fabricated parts and shafts. The Company supplies a range of engineering products to vastly diversified segments like hydro and thermal generation windmill mining cement steel sugar construction lift irrigation freight rail passenger rail mass urban transport E-mobility appliances medical equipment oil & gas and several other Industrial applications. Their products finds a suitable application in almost all engineering application.The company came out with a public issue of 19 lac shares at a premium of Rs 10 per share aggregating Rs 3.80 cr in Jan.'94. The proceeds of the issue were utilised to part-finance the Rs 5.6-cr project to expand the company's product range of electrical-grade stampings. PLL has been awarded the ISO 9002 certification by Bureau Veritas Quality International (BVQI) for the manufacture of electrical stampings and die-cast rotors. The company's clientele includes prestigeous companies like Asea Brown Boveri Siemens GEC Kirloskar Crompton Greaves Bharat Bijlee etc.In 1994-95 PLL expanded its capacity to 4000 tpa. It has launched a second expansion programme to raise the capacity from 4000 tpa to 6000 tpa at an estimated cost of Rs 4.80 cr. The expansion scheme is designed to produce higher volumes of stampings of different diameters to serve the specific needs of the customers. It plans to integrate forward into the manufacture of die-cast rotors and wound stators. At the end of the financial year 1998-99 the company's accumulated losses exceeded its net worth therefore the company would be treated as a Sick Industrial Company under the provisions of the Sick Industrial Companies (special provisions) Act 1985.During the year 99-00 a growth of 18.76% was achieved in sales.In the year 2000 the BIFR has declared the company as Sick company and State Bank of IndiaIndustrial Finance Branch Hydrebad has been appointed as Operating agency.The company has registered a growth of 11.98% in the turnover during the year 2000-01.Therefore the turnover of the company is stood at Rs.2520.09 lakhs during the year 2001 as against Rs.2250.42 lakhs in the previous year.Though the improvement in sales volume is nominal larger revenue has derived from commercialization of tool room and relatively higher exports during the year.The Phase I New Plant with an installed capacity of 4000 MT per annum commenced commercial operations on 13th April 2005. The expansion-cum-modernisation project of the Company was commissioned in Sep' 06. The Forward Integration Project of Motor Housing was commissioned on January 28 2008. During the year 2017-18 the Company had commenced operations at the Aurangabad and commenced commercial production at Hyderabad (Plant -IV). The Company's name was renamed from `Pitti Laminations Limited' to `Pitti Engineering Limited' effective from May 08 2018. During the year 2020-21 Company incorporated a Wholly Owned Subsidiary (WoS) viz. Pitti Rail and Engineering Components Limited on 5th October 2020.

Pitti Engineering Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2548

EPS - TTM (₹) [S]

23.30

P/E Ratio (X) [S]

7.02

Face Value (₹) 5
Latest Dividend (%)24.00
Latest Dividend Date 11 Aug 2023
Dividend Yield (%) 0.35
Book Value Share (₹) [S]113.26
P/B Ratio (₹) [S]7.02
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
LIC MF Multi Cap Fund - Regular (G) 12.74 194311 1.45
LIC MF Multi Cap Fund - Direct (G) 12.74 194311 1.45
LIC MF Infrastructure Fund (G) 5.28 80468 2.99
LIC MF Infrastructure Fund (IDCW) 5.28 80468 2.99
LIC MF Infrastructure Fund - Direct (G) 5.28 80468 2.99
LIC MF Infrastructure Fund - Direct (IDCW) 5.28 80468 2.99
LIC MF Large & Mid Cap Fund - Regular (G) 2.46 37550 0.10
LIC MF Large & Mid Cap Fund - Direct (G) 2.46 37550 0.10
LIC MF Children's Gift Fund 0.35 5390 2.32
LIC MF Children's Gift Fund - Direct 0.35 5390 2.32

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

775.05

805.70

Week Low/High

714.20

808.00

Month Low/High

632.70

808.00

Year Low/High

255.60

808.00

All time Low/High

0.25

808.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week7.11%6.97%0.530.42%
1 Month22.46%22.49%2.632.81%
3 Month20.64%20.52%8.9610.06%
6 Month21.42%21.21%12.4514.77%
1 Year167.30%167.61%23.7627.82%
3 Year1287.35%1300.79%47.5051.11%

Company Info

Company Information

Chairman & Managing Director : Sharad B Pitti

Vice Chairman & M.D. : Akshay S Pitti

Independent Director : N R Ganti

Independent Director : G Vijaya Kumar

Independent Director : M Gopala Krishna

Independent Director : S Thiagarajan.

Independent Director : Gayathri Ramachandran

Company Sec. & Compli. Officer : Mary Monica Braganza

Registered Office: Padmaja Landmark 4th Floor, 6-3-648/401 Somajiguda,Hyderabad,Telangana-500082 Ph: 91-40-23312770/23312774

Email:info@pittilam.com

URL:http://www.pitti.in