As of 6 Nov 2026, Pitti Engineering trades at 28.4× trailing earnings, above the industry P/E of 25.1×, and the shares are 26% below their 52-week high. It earns ROCE of 16% and ROE of 13%, and sales and net profit grew 20% and 26% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.83× equity. It is a small-cap company with a market cap of ₹3,352 Cr, ranked 17th of 71 Metal Fabrication companies by market cap; the shares fell 0.6% over the past year.
- ₹930.10
- ₹932.95
- ₹891.35
- ₹934.55
- 45K
Health check
- ReturnsBehind
−0.6% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 28.4 vs industry 25.1.
- GrowthStrong
Sales +20.1%, profit +26.0% a year over 3 years.
- ProfitabilityAverage
ROCE 15.6% vs peer median 15.6%.
- Balance sheetFair
Debt 0.83× equity, interest covered 3.6×, Piotroski 4 of 9.
- Red flags1 to check
Quarterly profit down 15.5% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,352 Cr
- Small cap
- P/E
- 28.4
- Industry 25.1
- Price to book
- 3.68
- Peers 7.00
- Dividend yield
- 0.50%
- ROE
- 12.8%
- Peers 8.6%
- ROCE
- 15.6%
- Peers 15.6%
- Debt to equity
- 0.83
- Debt ₹754 Cr
- EPS (TTM)
- ₹31.97
- Face value ₹5
- OPM (TTM)
- 16.2%
- Net margin 5.7%
- Sales growth
- +21.1%
- Latest quarter vs a year ago
- Profit growth
- −15.5%
- Latest quarter vs a year ago
- Price to sales
- 1.61
- EV/EBITDA 12.2
Strengths and risks
Strengths
- Quarterly sales up 21.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 15.5% on a year ago.
About Pitti Engineering
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,…
- Headquarters
- Hyderabad
- Employees
- 1,982
- Sector
- Industrials
- ISIN
- INE450D01021
- Website
- pitti.in
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- minus 0.6%
- From 52-week high
- minus 26.0%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| PITTIENGPitti Engineering | 908.20 | minus 2.82% | 3,352 | 28.4 | 3.68 | 15.6% | 12.8% | 10.6% | 20.1% | 26.0% | 0.50% | minus 0.6% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 478 | 477 | 501 | 529 | 578 | |
| 400 | 397 | 419 | 443 | 490 | |
| 77.7 | 80.9 | 81.6 | 86.4 | 88.9 | |
| 16.3% | 16.9% | 16.3% | 16.3% | 15.4% | |
| 21.3 | 6.9 | 4.5 | 0.9 | 2.1 | |
| 19.4 | 21.5 | 22 | 22.6 | 16.3 | |
| 25.7 | 26.6 | 26.6 | 28.4 | 29.4 | |
| 53.9 | 39.7 | 37.5 | 36.2 | 45.3 | |
| 25.6% | 28.9% | 29.0% | 18.6% | 25.1% | |
| 40.1 | 28.2 | 26.6 | 29.5 | 33.9 | |
| 10.78 | 7.59 | 7.21 | 7.99 | 9.18 |
Profit & loss
- Sales CAGR 3Y
- +20.1%
- Profit CAGR 3Y
- +26.0%
- EPS CAGR 3Y
- +20.1%
- ROE
- 12.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,095 | 1,234 | 1,691 | 1,898 | |
| – | +12.7% | +37.0% | +12.2% | |
| 924 | 1,009 | 1,386 | 1,551 | |
| 171 | 226 | 305 | 347 | |
| 15.6% | 18.3% | 18.0% | 18.3% | |
| −14.4 | −6.2 | −9.1 | −8.5 | |
| 31.6 | 41.4 | 53.6 | 65.7 | |
| 44.7 | 58.7 | 80.5 | 105 | |
| −0.2 | −0.1 | −0.2 | −0.3 | |
| 79.9 | 119 | 162 | 168 | |
| 26.4% | 24.9% | 24.3% | 29.7% | |
| 58.8 | 89.7 | 122 | 118 | |
| – | +52.5% | +36.3% | minus 3.7% | |
| 18.36 | 26.20 | 33.32 | 31.77 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16 | 16 | 18.8 | 18.8 | |
| 318 | 457 | 880 | 968 | |
| 356 | 628 | 690 | 811 | |
| 287 | 290 | 416 | 340 | |
| 978 | 1,391 | 2,004 | 2,138 | |
| 399 | 640 | 980 | 1,083 | |
| 46.1 | 184 | 97.2 | 71.7 | |
| 23.2 | 3.3 | 15.5 | 0 | |
| 39.7 | 77.6 | 99.7 | 119 | |
| 470 | 486 | 811 | 864 | |
| 978 | 1,391 | 2,004 | 2,138 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 223 | 80 | 289 | 205 | |
| −104 | −247 | −536 | −175 | |
| −87.4 | 203 | 269 | −9.2 | |
| 32.1 | 36.5 | 21.6 | 20.8 | |
| −107 | −250 | −354 | −205 | |
| 116 | −170 | −65.9 | 0.1 | |
| −7.5 | −3.8 | −5.3 | −5.6 |
Shareholding pattern
- Promoters54.18%
- Public43.86%
- Employee trusts1.97%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.18% | 43.86% | 0.00 | |
| 30 Jun 2026 | 54.18% | 43.86% | 0.00 | |
| 31 Mar 2026 | 54.18% | 43.86% | 0.00 | |
| 31 Dec 2025 | 54.18% | 43.86% | 0.00 | |
| 30 Sep 2025 | 54.18% | 44.17% | – |
Major shareholders
Filings & events
News
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