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Employees: 468
Size PTC India (PTC.NS) is an India Utilities company (Electric Utilities) with a market value of $437M, the 899th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹139.45 on 6 Nov 2026.
Performance Over six months the shares fell 38.7%, against -18.0% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 13.3% over the last twelve months (peer median +2.6%); the operating margin is 3.7% (peer median 5.3%).
Valuation It trades at 9.6× forward earnings against a peer median of 17.9× (cheapest of 9).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.8 points below its cost of capital (13.3% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹179B | ₹167B | ₹156B | ₹165B | ₹153B |
| Revenue growth | — | +7% | -5% | +8% | — |
| Gross profit | ₹7.91B | ₹7.54B | ₹8.90B | ₹10.4B | ₹10.3B |
| EBITDA | ₹6.79B | ₹7.99B | ₹10.9B | ₹11.4B | ₹11.6B |
| Net income | ₹4.61B | ₹6.06B | ₹9.00B | ₹4.77B | ₹4.46B |
| Free cash flow | n/a | ₹28.0B | ₹17.9B | ₹20.5B | ₹31.3B |
| Capital expenditure | n/a | ₹42.5M | ₹54.7M | ₹28.6M | ₹18.0M |
| Total debt | ₹14.2B | ₹17.7B | ₹29.6B | ₹43.3B | ₹65.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PTC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -7.2% | 9th lowest of 21 |
| 6-month return | -38.7% | -18.0% | 4th lowest of 21 |
| Distance from 52-week high | -39.2% | -34.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +13.3% | +2.6% | 6th highest of 21 |
| Operating margin | 3.7% | 5.3% | 10th lowest of 21 |
| Forward P/E | 9.6× | 17.9× | cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -18.2% | 3.1% | least demanding of 11 |
| Growth delivered (Del g) | -1.4% | +7.0% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | -16.8 pp | -4.9 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | -4.8 pp | -1.3 pp | 6th lowest of 21 |
| Net debt / EBITDA | -2.5× | 1.0× | 2nd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PTC India PTC.NS | India | $437M | -39% | +13% | 4% | 9.6× | -18.2% | -1.4% |
| Suwen Electric Energy Technology 300982.SZ | China | $448M | -41% | -55% | -13% | 10.4× | n/a | n/a |
| Hunan Chendian International Development 600969.SS | China | $453M | -18% | +4% | 3% | n/a | 0.2% | +6.4% |
| Acinque AC5.MI | Italy | $460M | -6% | -11% | 3% | n/a | 12.8% | +9.3% |
| Genie Energy GNE | United States | $466M | +23% | +10% | 3% | 18.3× | -3.6% | +7.1% |
| Giga Solar Materials 3691.TWO | Taiwan | $403M | 0% | +88% | 2% | n/a | n/a | n/a |
| Hallador Energy HNRG | United States | $476M | -46% | +8% | 2% | 2,020.0× | n/a | n/a |
| Dalian Thermal Power 600719.SS | China | $387M | -18% | +2% | 8% | n/a | n/a | n/a |
| Beijing Jingneng Thermal 002893.SZ | China | $387M | -11% | +15% | 8% | n/a | 9.9% | +7.0% |
| RattanIndia Power RTNPOWER.NS | India | $377M | -35% | -6% | 6% | n/a | n/a | n/a |
| IPD IPG.AX | Australia | $372M | -18% | +17% | 11% | 15.9× | 5.6% | +28.5% |
| eREX 9517.T | Japan | $370M | -26% | +3% | 3% | 11.0× | n/a | n/a |
| Sichuan Xichang Electric Power 600505.SS | China | $520M | -31% | -10% | 7% | n/a | 1.2% | +9.5% |
| Ningbo Shimao Energy 605028.SS | China | $522M | -21% | 0% | 36% | n/a | 9.5% | +1.5% |
| Okinawa Electric Power 9511.T | Japan | $366M | +14% | -3% | -1% | 18.0× | n/a | n/a |
| SGC Energy 005090.KS | South Korea | $363M | -43% | -4% | 6% | 17.7× | n/a | n/a |
| Shenzhen Nanshan Power 000037.SZ | China | $527M | -18% | +35% | -7% | n/a | n/a | n/a |
| Pace Digitek PACEDIGITK.NS | India | $361M | -15% | +8% | 16% | n/a | n/a | n/a |
| Elmera ELMRA.OL | Norway | $549M | +43% | +48% | 5% | 19.9× | -15.6% | +24.2% |
| Zhejiang Xinzhonggang Thermal Power 605162.SS | China | $556M | -25% | -5% | 19% | n/a | 0.8% | +4.4% |
| Guangzhou Devotion Thermal Technology 300335.SZ | China | $341M | -26% | -11% | 10% | n/a | 4.9% | -7.8% |