About
Pitti Engineering Limited manufactures and sells iron and steel engineering products in India and internationally. The company offers electrical steel laminations, stator and rotor 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.
Key Metrics
as of Sep 2026Market Cap4,085 Cr
P/E32.80
Div Yield0.23 %
Book Value₹262.00
52w High₹1,169.00
52w Low₹675.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 529.00 | 501.00 | 477.00 | 478.00 | 457.00 | 469.00 | 415.00 | 429.00 | 391.00 | 336.00 | 302.00 | 303.00 | 290.00 |
| Expenses | 443.00 | 419.00 | 397.00 | 400.00 | 381.00 | 389.00 | 348.00 | 363.00 | 333.00 | 284.00 | 250.00 | 258.00 | 247.00 |
| Operating Profit | 86.00 | 82.00 | 81.00 | 78.00 | 75.00 | 80.00 | 67.00 | 66.00 | 58.00 | 52.00 | 51.00 | 45.00 | 42.00 |
| OPM % | 16.00 | 16.00 | 17.00 | 16.00 | 16.00 | 17.00 | 16.00 | 15.00 | 15.00 | 15.00 | 17.00 | 15.00 | 15.00 |
| Other Income | 1.00 | 5.00 | 7.00 | 21.00 | 7.00 | 4.00 | 6.00 | 26.00 | 3.00 | 32.00 | 3.00 | 13.00 | 1.00 |
| Depreciation | 28.00 | 27.00 | 27.00 | 26.00 | 26.00 | 22.00 | 21.00 | 20.00 | 17.00 | 16.00 | 16.00 | 13.00 | 13.00 |
| Interest | 23.00 | 22.00 | 21.00 | 19.00 | 21.00 | 19.00 | 13.00 | 19.00 | 17.00 | 14.00 | 14.00 | 11.00 | 12.00 |
| Profit before tax | 36.00 | 37.00 | 40.00 | 54.00 | 37.00 | 42.00 | 39.00 | 53.00 | 28.00 | 54.00 | 25.00 | 33.00 | 19.00 |
| Tax % | 19.00 | 29.00 | 29.00 | 26.00 | 37.00 | 14.00 | 26.00 | 28.00 | 30.00 | 14.00 | 38.00 | 32.00 | 25.00 |
| Net Profit | 30.00 | 27.00 | 28.00 | 40.00 | 23.00 | 36.00 | 29.00 | 38.00 | 19.00 | 46.00 | 16.00 | 22.00 | 14.00 |
| EPS in Rs | 7.83 | 7.07 | 7.49 | 10.65 | 6.08 | 9.60 | 7.64 | 10.72 | 6.04 | 14.35 | 4.90 | 6.87 | 4.36 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 1,913.00 | 1,705.00 | 1,244.00 | 1,100.00 | 954.00 | 518.00 | 525.00 |
| Expenses | 1,597.00 | 1,433.00 | 1,063.00 | 949.00 | 821.00 | 439.00 | 447.00 |
| Operating Profit | 316.00 | 271.00 | 181.00 | 151.00 | 133.00 | 80.00 | 78.00 |
| OPM % | 17.00 | 16.00 | 15.00 | 14.00 | 14.00 | 15.00 | 15.00 |
| Other Income | 40.00 | 39.00 | 48.00 | 18.00 | 16.00 | 19.00 | 4.00 |
| Interest | 83.00 | 68.00 | 51.00 | 45.00 | 40.00 | 30.00 | 34.00 |
| Depreciation | 105.00 | 81.00 | 59.00 | 45.00 | 39.00 | 30.00 | 27.00 |
| Profit before tax | 168.00 | 162.00 | 119.00 | 80.00 | 71.00 | 39.00 | 20.00 |
| Tax % | 30.00 | 24.00 | 25.00 | 26.00 | 26.00 | 25.00 | 14.00 |
| Net Profit | 118.00 | 122.00 | 90.00 | 59.00 | 52.00 | 29.00 | 17.00 |
| EPS in Rs | 31.29 | 32.48 | 27.99 | 18.36 | 16.18 | 8.97 | 5.34 |
| Dividend Payout % | 8.00 | 5.00 | 5.00 | 15.00 | 13.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Reserves | 968.00 | 880.00 | 457.00 | 318.00 | 268.00 | 220.00 |
| Borrowings | 811.00 | 690.00 | 628.00 | 356.00 | 393.00 | 318.00 |
| Other Liabilities | 340.00 | 416.00 | 290.00 | 287.00 | 280.00 | 148.00 |
| Total Liabilities | 2,138.00 | 2,004.00 | 1,391.00 | 978.00 | 957.00 | 701.00 |
| Fixed Assets | 1,153.00 | 1,027.00 | 465.00 | 364.00 | 327.00 | 285.00 |
| CWIP | 50.00 | 63.00 | 122.00 | 24.00 | 1.00 | 1.00 |
| Investments | 0.00 | 0.00 | 0.00 | 15.00 | 16.00 | 16.00 |
| Other Assets | 935.00 | 914.00 | 804.00 | 574.00 | 613.00 | 399.00 |
| Total Assets | 2,138.00 | 2,004.00 | 1,391.00 | 978.00 | 957.00 | 701.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 205.00 | 289.00 | 80.00 | 222.00 | 88.00 | 32.00 |
| Cash from Investing Activity | -175.00 | -536.00 | -247.00 | -104.00 | -93.00 | -66.00 |
| Cash from Financing Activity | -9.00 | 269.00 | 203.00 | -87.00 | 12.00 | 28.00 |
| Net Cash Flow | 21.00 | 22.00 | 37.00 | 32.00 | 7.00 | -6.00 |
| Free Cash Flow | 2.00 | -58.00 | -129.00 | 118.00 | 10.00 | -33.00 |
| CFO/OP % | 76.00 | 120.00 | 50.00 | 170.00 | 80.00 | 47.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 39.00 | 55.00 | 63.00 | 60.00 | 78.00 | 121.00 |
| Inventory Days | 124.00 | 118.00 | 136.00 | 112.00 | 147.00 | 171.00 |
| Days Payable | 77.00 | 118.00 | 113.00 | 117.00 | 119.00 | 115.00 |
| Cash Conversion Cycle | 87.00 | 55.00 | 86.00 | 55.00 | 106.00 | 178.00 |
| Working Capital Days | 22.00 | 3.00 | 16.00 | 9.00 | 23.00 | 24.00 |
| ROCE % | 15.00 | 17.00 | 19.00 | 18.00 | 18.00 | — |
Corporate Actions
29 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 1.50 | |
| Dividend | 13 Sep 2024 | — | — | 1.50 | |
| Dividend | 11 Aug 2023 | — | — | 1.20 | |
| Dividend | 24 Feb 2023 | 24 Feb 2023 | — | 1.50 | |
| Dividend | 15 Sep 2022 | — | — | 0.85 | |
| Dividend | 18 Feb 2022 | 21 Feb 2022 | — | 0.40 | |
| Dividend | 17 Nov 2021 | 18 Nov 2021 | — | 0.40 | |
| Other | 16 Sep 2021 | — | — | — | Annual General Meeting |
| Dividend | 13 Aug 2021 | 17 Aug 2021 | — | 0.38 | |
| Dividend | 13 Aug 2021 | 17 Aug 2021 | — | 0.38 | |
| Other | 17 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 29 Aug 2017 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2016 | — | — | — | Annual General Meeting |
| Dividend | 18 Sep 2015 | — | — | 0.63 | |
| Dividend | 18 Sep 2015 | — | — | 0.63 | |
| Split | 16 Apr 2015 | 17 Apr 2015 | 10:5 | — | |
| Dividend | 09 Feb 2015 | 10 Feb 2015 | — | 0.75 | |
| Dividend | 12 Sep 2014 | — | — | 1.00 | |
| Dividend | 05 Sep 2013 | — | — | 1.00 | |
| Dividend | 27 Jul 2012 | — | — | 3.00 | |
| Dividend | 08 Aug 2011 | — | — | 1.00 | |
| Other | 15 Sep 2010 | — | — | — | Annual General Meeting |
| Dividend | 15 Sep 2009 | — | — | 1.00 | |
| Dividend | 22 Aug 2008 | — | — | 2.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=2.0 |
| Dividend | 22 Aug 2008 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=2.0 |
| Dividend | 21 Aug 2007 | — | — | 2.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=2.0 |
| Dividend | 21 Aug 2007 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=2.0 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update27 Apr from fitch
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Rating update28 Jan 2025 from fitch
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Rating update23 Nov 2023 from fitch
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Rating update16 Nov 2022 from fitch
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Rating update17 Jan 2022 from care
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Rating update30 Nov 2021 from fitch