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PTC IndustriesPTCIL.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Metal Fabrication

Specialty metal forgings and castings maker producing titanium-alloy components for aerospace, defense and energy sectors.

≈ A niche titanium-forgings specialist with no large direct US peerMomentum leader 94
Mkt cap
$4.09B
US dollars, full cap
Free float
33%
of shares outstanding
$/day
$6.26M
20-day average traded
Fwd P/E
174.5×
forward earnings
ROIC−WACC
-13.5 pp
WACC 20.0%
Hurdle
n/a
no reverse DCF
Next earnings
104 days
18 Feb 2027
Close · INR₹24,335
1D0.0%
1W+1.6%
1M-1.4%
3M+33.5%
6M+44.7%
YTD+31.0%
1Y+42.9%
ATR %3.7%
Beta0.50
52w lowhigh6.7% off high

What PTC Industries does

Specialty metal forgings and castings maker producing titanium-alloy components for aerospace, defense and energy sectors.

Sells precision castings and forgings made from titanium and superalloys under approved-supplier arrangements with aerospace and defense customers, where qualification takes years but lasts a program's life. Orders are lumpy and follow the build programs of those customers.

In one line: A niche titanium-forgings specialist with no large direct US peer.

Products and services

  • Titanium alloy forgings/castings
  • Steel/superalloy castings (industrial)
  • Aerospace structural components

Customers

  • Aerospace/defense OEMs (including via Safran JV)
  • Energy/oil & gas equipment makers

Where it sits in the supply chain

  • Aerospace & defence materials
  • Precision metal forgings/castings
  • Titanium alloy aerospace components

What could go right

  • India aerospace/defense indigenization push
  • Global aerospace supply-chain diversification

What could go wrong

  • Long aerospace qualification cycles
  • Customer concentration risk

Moat: narrow (process know-how, IP / patents, customer qualification). Specialized titanium-casting metallurgy and aerospace-grade qualification, a high entry-barrier niche.

Headquarters: Lucknow, India · Founded: 1966 · Employees: 720

Named competitors

PTC Industries at a glance

Size PTC Industries (PTCIL.NS) is an India Industrials company (Metal Fabrication) with a market value of $4.09B, the 239th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹24,335 on 6 Nov 2026.

Performance Over six months the shares gained 44.7%, against -15.9% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 19 in its peer set.

Growth Revenue grew 94.6% over the last twelve months (peer median +17.8%); the operating margin is 18.6% (peer median 10.0%).

Valuation It trades at 174.5× forward earnings against a peer median of 32.7× (most expensive of 19).

Capital Return on invested capital runs 13.5 points below its cost of capital (20.0% WACC).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012515011 May 202611 Aug 20266 Nov 2026PTCIL.NS 145Peer median 83
Six months, rebased to 100: PTC Industries against the median of its 20 peers (local-currency closes).

PTC Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹6.97B₹5.99B₹3.04B₹2.52B₹2.15B
Revenue growth—+97%+21%+17%—
Gross profit₹3.71B₹1.38B₹789M₹709M₹581M
EBITDA₹1.72B₹1.32B₹728M₹685M₹592M
Net income₹1.26B₹1.02B₹610M₹422M₹258M
Free cash flown/a-₹3.73B-₹1.56B-₹2.22B-₹655M
Capital expendituren/a₹3.17B₹1.90B₹1.17B₹962M
Total debtn/a₹2.61B₹608M₹1.82B₹1.77B

Quarterly statements and history in the cockpit →

PTC Industries competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%+20%002056300811SHYAMMETLENDURANCE300748002046301511688102603667SCHAEFFLER600765SFSNJYOTICNCBOSN5463001440002541002595PTCIL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. PTC Industries is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×50×100×150×002056300811SHYAMMETLENDURANCE300748002046301511688102603667SCHAEFFLER600765SFSNJYOTICNC5463001440002595PTCIL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PTC Industries is the large dot.

PTC Industries competitors and peer comparison

Head to head with its named competitors (PTCIL.NS vs AZAD.NS vs MTARTECH.NS vs MIDHANI.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
PTC Industries PTCIL.NS$4.09B+45%+95%19%174.5×n/a
Azad Engineering AZAD.NS$1.66B+8%+29%28%91.6×n/a
MTAR Technologies MTARTECH.NS$1.77B-18%+108%20%64.7×48.5%
Mishra Dhatu Nigam MIDHANI.NS$753M-8%+18%14%39.9×45.3%
Bharat Forge BHARATFORG.NS$9.01B-13%+18%11%51.4×46.3%
Dynamatic Technologies DYNAMATECH.NS$922M+3%+17%7%88.0×n/a
Howmet Aerospace HWM$81.8B-24%+22%28%32.6×24.1%

How PTC Industries compares with its peers

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.

PTC Industries against its 20 peers (data as of 6 Nov 2026)
MeasurePTCIL.NSPeer medianRank in peer set
1-month return-1.4%-6.1%9th highest of 20
6-month return+44.7%-15.9%3rd highest of 19
Distance from 52-week high-6.7%-44.0%4th highest of 20
Revenue growth (TTM)+94.6%+17.8%highest of 21
Operating margin18.6%10.0%4th highest of 21
Forward P/E174.5×32.7×most expensive of 19
ROIC minus cost of capital-13.5 pp-1.6 pplowest of 21
Net debt / EBITDA0.3×-0.2×6th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
PTC Industries PTCIL.NSIndia$4.09B+45%+95%19%174.5×n/an/a
Hengdian Group DMEGC Magnetics 002056.SZChina$4.16B-9%+3%7%14.5×n/an/a
POCO 300811.SZChina$4.24B-15%+48%24%38.4×n/an/a
Shyam Metalics & Energy SHYAMMETL.NSIndia$3.84B+47%+26%9%19.3×n/an/a
Endurance Technologies ENDURANCE.NSIndia$3.71B-1%+32%8%32.3×29.9%+17.6%
JL Mag Rare-Earth 300748.SZChina$4.54B-27%+39%11%33.1×22.1%+26.1%
Sinomach Precision Industry 002046.SZChina$3.47B-17%-1%4%75.7×n/an/a
Jiujiang Defu Technology 301511.SZChina$5.09B-28%+69%6%44.4×n/an/a
Shaanxi Sirui Advanced Materials 688102.SSChina$2.99B-39%+38%11%96.5×n/an/a
Zhejiang XCC 603667.SSChina$2.99B-20%-15%2%91.0×47.9%+13.9%
Zetwerk Manufacturing Businesses ZETWERK.NSIndia$2.96Bn/a+40%1%n/an/an/a
Schaeffler India SCHAEFFLER.NSIndia$5.83B-17%+23%15%40.4×29.7%+20.8%
Avic Heavy Machinery 600765.SSChina$2.84B-23%-13%4%23.1×n/an/a
Tolerance Technology (Jiangsu) 301583.SZChina$2.82Bn/a+18%15%n/an/an/a
SFS SFSN.SWSwitzerland$6.68B+15%+2%12%19.8×-2.1%+12.3%
Jyoti Cnc Automation JYOTICNC.NSIndia$2.45B+32%+18%21%53.8×n/an/a
Bossard BOSN.SWSwitzerland$2.42B+55%+7%11%20.1×5.9%+5.6%
Maruichi Steel Tube 5463.TJapan$2.32B+5%-2%14%11.9×-2.7%+8.6%
Taihan Cable & Solution 001440.KSSouth Korea$2.31B-70%+22%5%99.2×n/an/a
Anhui Honglu Steel Construction (Group) 002541.SZChina$2.30B+4%+12%5%16.0×3.8%+10.4%
Himile Mechanical Science & Technology (Shandong) 002595.SZChina$7.40B-29%+17%20%19.8×8.4%+15.9%

Questions

Who are PTC Industries's main competitors?
Named competitors: Azad Engineering (AZAD.NS), MTAR Technologies (MTARTECH.NS), Mishra Dhatu Nigam (MIDHANI.NS), Bharat Forge (BHARATFORG.NS), Dynamatic Technologies (DYNAMATECH.NS), Howmet Aerospace (HWM). The cockpit's measured peer set (industry) also includes Hengdian Group DMEGC Magnetics (002056.SZ), POCO (300811.SZ), Shyam Metalics & Energy (SHYAMMETL.NS), Endurance Technologies (ENDURANCE.NS), JL Mag Rare-Earth (300748.SZ), Sinomach Precision Industry (002046.SZ).
Is PTC Industries expensive compared with its peers?
On forward p/e it trades at 174.5× against a peer median of 32.7×, most expensive of 19 in its peer set.
How has PTC Industries stock performed?
Over six months to 6 Nov 2026 the shares returned +44.7% against -15.9% for the median peer; over one year +42.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.