Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

PTC India Ltd

PTC
Trading

PTC India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: Domestic institutions moved +3.2 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.

The price is in a downtrend (4 weeks in) while the P/E sits at the 70th percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −53.9% year on year, and 320% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.

Stage
Deteriorating
partial read
Price
₹153
−12.7% 1Y
P/E
8.8×
70th pctile
of its own 11-year range
Revenue (Jun 26)
₹4,774 Cr
+19.1% YoY
Profit (Jun 26)
₹112 Cr
−53.9% YoY
Operating margin
3.1%
−3.9 pp YoY
ROCE
13%
FY26
Cash conversion
320%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 3.5% on reported income across 13 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 5 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

PTC India Ltd trades at ₹153, in a downtrend and 4 weeks into that stage. That is −11.8% against its own 200-day average. It sits at 0% of a 52-week range of ₹153 to ₹223. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (5 weeks and counting).

Today the stock is in a downtrend — week 4 of stage 4, confirmed. At ₹153 it trades −11.8% versus its 200-day average and sits at 0% of its 52-week range (₹153–₹223).

Sep 26: ₹153 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−11.8% versus the 200-day line, week 4 of stage 4
Price50-day avg200-day avg
S2S4S2S4S2₹255₹215₹175₹134₹94.2₹153₹173Sep 23Jun 24Mar 25Jan 26Sep 26
S2S4S2S4S2₹255₹215₹175₹134₹94.2₹153₹173Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (557 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +155% while the NIFTY 500 moved +273% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (5 weeks and counting; last ahead the week of 2026-08-07) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

PTC India Ltd trades at 8.8× P/E, at the pricey end of its own range (70th percentile). Its long-run median P/E is 7.3×, measured across 10.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 8.8× is at the pricey end of its own range (70th percentile), against a long-run median of 7.3× measured over 10.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 8.8× vs a 7.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.6-year window; loss-period spikes above 14× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (70th percentile)
P/EMedianEPS (TTM) (quarterly)
15.3×₹24.112.0×₹18.18.6×₹12.15.2×₹6.01.9×₹0.0×8.80×₹17Feb 16Oct 18Jul 21Mar 24Sep 26
15.3×₹24.112.0×₹18.18.6×₹12.15.2×₹6.01.9×₹0.0×8.80×₹17Feb 16Jul 21Sep 26
P/E
8.8×
70th percentile of 11y

Why the multiple sits where it does: over the past year annual EPS moved −32.7% against a −12.7% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +8.6%/yr price move, ~+1.2%/yr came from earnings growth and ~+7.4 pp from the multiple (expanding); over 10y, of the +6.1%/yr price move, ~+5.1%/yr came from earnings growth and ~+1.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 3.5% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, PTC India Ltd was paying for profit growth of about 0.3% a year. Profit itself has compounded 5.9% a year over the past 10 years. Today the market pays 8.8× P/E, the 70th percentile of its own 11-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

PTC India Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −43.1% latest against +89.5% at its 12-quarter best), ROCE holding at 13.0%. The read is built from 9 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue +7.0% in FY26, profit −26.5% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
22%218%12%141%1.4%65%−9.0%−12%−19%−89%%%7%−26.5%FY16FY21FY26
22%218%12%141%1.4%65%−9.0%−12%−19%−89%%%7%−26.5%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit rolling over
RevenueProfitEPS
15%107%9.1%67%3.4%26%−2.3%−15%−8.1%−56%%%13.3%−43.1%−44.8%Sep 23Dec 24Jun 26
15%107%9.1%67%3.4%26%−2.3%−15%−8.1%−56%%%13.3%−43.1%−44.8%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
14%13%12%10%8.6%%13%FY23FY24FY26
14%13%12%10%8.6%%13%FY23FY24FY26
Revenue growth
Recovering
latest +13.3% · span −6.5% to +13.3%
Profit growth
Falling
latest −43.1% · span −43.1% to +89.5%
EPS growth
Falling
latest −44.8% · span −44.8% to +96.1%
ROCE
Stuck low
latest 13.0% · span 9.0%–14.0%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+7.0%+1.6%−1.8%+2.2%
Profit−26.5%+12.2%+9.4%+5.9%
EPS−32.7%+10.8%+6.2%+6.5%
Share price−12.7%+0.9%+8.6%+6.1%
Revenue YoY (Jun 26)
+19.1%
latest quarter vs a year ago
Profit YoY (Jun 26)
−53.9%
latest quarter vs a year ago
Revenue 10y
2.2%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

36.6/100 — rank 34 of 52 in Trading · 82% evidence confidence

PTC India Ltd scores 36.6 out of 100 against the 52 companies it is compared with in Trading, ranking 34. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 11.2 + 12.6 + 9.7 + 3.1 = 36.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

PTC India Ltd reported ₹4,774 Cr of revenue in the Jun 26 quarter, +19.1% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 2.2% a year. The last full year, FY26, came in at ₹16,771 Cr. The last four reported quarters add to ₹17,536 Cr.

FY26 revenue came in at ₹16,771 Cr (+7.0% on the year), capping 10 years at 2.2% compound. The latest quarter (Jun 26) printed ₹4,774 Cr, +19.1% year on year — the 2nd consecutive quarter of year-over-year growth.

FY26 revenue ₹16,771 Cr (+7.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
2.2% a year over 10 years
RevenueYoY growth
19.8k22%14.9k12%9.9k1.4%5.0k−9.0%0−19%₹ Cr%₹16,7717%FY16FY21FY26
19.8k22%14.9k12%9.9k1.4%5.0k−9.0%0−19%₹ Cr%₹16,7717%FY16FY21FY26
Jun 26: ₹4,774 Cr (+19.1% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
5.9k37%4.4k23%2.9k8.3%1.5k−6.1%0−21%₹ Cr%₹4,77419.1%Sep 23Dec 24Jun 26
5.9k37%4.4k23%2.9k8.3%1.5k−6.1%0−21%₹ Cr%₹4,77419.1%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +14.6% growth against the decade's 2.2% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +13.3% over the last 4 quarters against +2.9%/yr over the last 8 — accelerating; TTM profit −43.1% vs +0.6%/yr — rolling over.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

PTC India Ltd's operating margin is 3.1% in the Jun 26 quarter, −3.9 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0% to 13.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 3.1%, −3.9 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0%–13.0%.

🚨 Why the margin moved: operating margin went −4.0 pp year on year while gross margin went −1.8 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 5.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 5.0–13.0% band over 13 years
operating marginYoY change (pp)
14%4.6%11%2.5%9.0%0.5%6.7%−1.5%4.4%−3.6%%%5%−1%FY14FY20FY26
14%4.6%11%2.5%9.0%0.5%6.7%−1.5%4.4%−3.6%%%5%−1%FY14FY20FY26
Jun 26: 3.1% operating margin (−3.9 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
9.5%2.5%7.8%0.7%6.0%−1.0%4.3%−2.7%2.6%−4.5%%%3.1%−3.9%Sep 23Dec 24Jun 26
9.5%2.5%7.8%0.7%6.0%−1.0%4.3%−2.7%2.6%−4.5%%%3.1%−3.9%Sep 23Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

PTC India Ltd earned ₹112 Cr of net profit in the Jun 26 quarter, −53.9% year on year. Full-year FY26 profit was ₹717 Cr. The 10-year compound rate is 5.9%. That is 2.3% of the quarter's revenue. The same quarter a year earlier earned ₹243 Cr.

Jun 26 profit was ₹112 Cr, −53.9% year on year. On the full year, FY26 printed ₹717 Cr (−26.5%), and the 10-year compound rate is 5.9%.

FY26 profit ₹717 Cr (−26.5% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
5.9% a year over 10 years
Net profitYoY growth
1.1k218%791141%52765%264−12%0−89%₹ Cr%₹717−26.5%FY16FY21FY26
1.1k218%791141%52765%264−12%0−89%₹ Cr%₹717−26.5%FY16FY21FY26
Jun 26: ₹112 Cr (−53.9% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
402339%301230%201121%10012%0−98%₹ Cr%₹112−53.9%Sep 23Dec 24Jun 26
402339%301230%201121%10012%0−98%₹ Cr%₹112−53.9%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed +19.1% and the margin −3.9 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −38.5% vs revenue +14.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 320% of PTC India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹2,817 Cr of operating cash against ₹717 Cr of profit. After ₹4.0 Cr of capital spending, ₹2,813 Cr was left as free cash.

FY26: operating cash of ₹2,817 Cr against reported profit of ₹717 Cr, leaving free cash of ₹2,813 Cr after ₹4.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 320% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹2,817 Cr vs profit ₹717 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY17 reflects an acquisition year — point shown clipped.
320% of 3-year profit arrived as cash
Operating cashNet profitFree cash
4.5k2.8k1.2k−444−2.1k₹ Cr₹2,817₹717₹2,813FY16FY21FY26
4.5k2.8k1.2k−444−2.1k₹ Cr₹2,817₹717₹2,813FY16FY21FY26
FY26: CFO = 393% of profit (three-year rate 320%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
394%54%−286%−626%−966%%300%FY16FY21FY26
394%54%−286%−626%−966%%300%FY16FY21FY26

Why conversion sits at 320%: the cash cycle tightened 28 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

PTC India Ltd's cash conversion cycle runs 95 days in FY26, down from 123 days in FY21. Capital spending ran ₹−1,556 Cr over the last 3 years. At FY26 sales of ₹16,771 Cr each day of that cycle holds about ₹45.9 Cr, so roughly ₹4,365 Cr sits inside the business at any moment.

FY26: debtors at 95 days, inventory at 0 days — roughly 0.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 95 days, tighter than FY21's 123.

In money terms: at FY26 sales of ₹16,771 Cr, each day of the cycle holds about ₹45.9 Cr — so the 95-day loop keeps roughly ₹4,365 Cr sitting inside the business at any moment.

FY26: a 95-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−28 days vs FY21
Cash cycleInventory daysDebtor days
1681237833−12days95d0d95dFY14FY17FY20FY23FY26
1681237833−12days95d0d95dFY14FY20FY26

On the investment side: capital spending of ₹−1,556 Cr over the last 3 fiscal years against ₹29.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹4.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
2.1k1.1k113−860−1.8k₹ Cr₹4₹0FY16FY18FY21FY23FY26
2.1k1.1k113−860−1.8k₹ Cr₹4₹0FY16FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

PTC India Ltd earns a ROCE of 13% in FY26. That is up from a trough of 8% in FY18. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 4.3% net margin on 1.33× asset turns.

FY26 ROCE is 13%, recovered from a FY18 trough of 8% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 4.3% net margin × 1.33× asset turns × 2.11× balance-sheet leverage ≈ 12.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 13% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY18's 8%
ROCEWACC
14%13%11%9.3%7.5%%13%FY14FY17FY20FY23FY26
14%13%11%9.3%7.5%%13%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 3.5% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

PTC India Ltd carries ₹1,769 Cr of borrowings against ₹5,981 Cr of equity in FY26, a debt-to-equity of 0.30. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹11,479 Cr to ₹1,769 Cr. Capital spending ran ₹−1,556 Cr across the last 3 of those years.

FY26: borrowings of ₹1,769 Cr against equity of ₹5,981 Cr — a debt-to-equity of 0.30. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹11,479 Cr to ₹1,769 Cr while capital spending ran ₹−1,556 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹1,769 Cr at 0.30× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
14.4k3.6×10.8k2.7×7.2k1.8×3.6k0.9×00.1×₹ Cr×₹1,7690.30×FY14FY17FY20FY23FY26
14.4k3.6×10.8k2.7×7.2k1.8×3.6k0.9×00.1×₹ Cr×₹1,7690.30×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 3.5% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 4.2 points of PTC India Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 28.9% of the company. Domestic institutions moved +3.2 points over the same window, to 8.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −4.2 points over 8 quarters to 28.9%; Domestic institutions: +3.2 points over 8 quarters to 8.9%; Promoters: +0.0 points over 8 quarters to 16.2%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.

Why the register moved: rotation — foreign institutions −4.2 points against domestic institutions +3.2 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
51%39%27%15%2.5%%16.2%27.5%7.5%45.4%Mar 24Mar 25Mar 26
51%39%27%15%2.5%%16.2%27.5%7.5%45.4%Mar 24Mar 25Mar 26
Foreign institutions cut 4.2 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
51%39%27%15%2.3%%16.2%28.9%8.9%42.6%Jun 23Dec 24Jun 26
51%39%27%15%2.3%%16.2%28.9%8.9%42.6%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

PTC India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · Trading
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Onix Solar Energy LtdONIXSOLAR 70.9/100Favorable setup69% evidence 28.9/35 Revenue 26.2% · PAT 100% · OPM change 23 pp 95% evidence 18.3/25 ROCE 32% · OPM 30% 76% evidence 10.3/20 P/E 24.4× · PEG — 15% evidence 13.4/20 RS sector 68.4% · RS bench -3.5% · 1Y 49.1%12 of 12 weeks ahead 70% evidence
Exact sum: 28.9 + 18.3 + 10.3 + 13.4 = 70.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Rashi Peripherals LtdRPTECH 69.0/100Favorable setup75% evidence LEADER 24.9/35 Revenue 40.4% · PAT 50.2% · OPM change -0.3 pp 95% evidence 14.7/25 ROCE 17% · OPM 3% 76% evidence 10.7/20 P/E 17.1× · PEG — 15% evidence 18.7/20 RS sector 51.6% · RS bench 69.1% · 1Y 176.9%12 of 12 weeks ahead 100% evidence
Exact sum: 24.9 + 14.7 + 10.7 + 18.7 = 69 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Nupur Recyclers LtdNRL 67.9/100Favorable setup87% evidence LEADER 22.5/35 Revenue 40.6% · PAT 29.8% · OPM change 3.6 pp 95% evidence 16.5/25 ROCE 15.1% · OPM 11.6% 95% evidence 9.2/20 P/E 53.6× · PEG — 50% evidence 19.7/20 RS sector 66.4% · RS bench 88.4% · 1Y 89.6%12 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 16.5 + 9.2 + 19.7 = 67.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Magnus Steel & Infra Ltd517320 67.5/100Thin evidence · provisional56% evidence 27.8/35 Revenue 100% · PAT 100% · OPM change 1.6 pp 83% evidence 18.5/25 ROCE 171% · OPM 21.3% 76% evidence 9.2/20 P/E 92.5× · PEG — 15% evidence 12.0/20 RS sector — · RS bench 46.1% · 1Y 1449.6%0 of 1 week ahead to 2026-06-28 25% evidence
Exact sum: 27.8 + 18.5 + 9.2 + 12 = 67.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Vision Infra Equipment Solutions LtdVIESL 67.3/100Thin evidence · provisional56% evidence TURNING 19.0/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 19.8/25 ROCE 22.6% · OPM 26% 95% evidence 10.9/20 P/E 14.9× · PEG — 15% evidence 17.6/20 RS sector 26.9% · RS bench 44.5% · 1Y 122.8%9 of 12 weeks ahead 100% evidence
Exact sum: 19 + 19.8 + 10.9 + 17.6 = 67.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Shankara Buildpro LtdBUILDPRO 63.3/100Mixed-positive evidence63% evidence BREAKING OUT 25.6/35 Revenue 26.3% · PAT 41.9% · OPM change -0.2 pp 100% evidence 17.3/25 ROCE 39% · OPM 3.2% 100% evidence 10.4/20 P/E 22.8× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 12 weeks ahead 0% evidence
Exact sum: 25.6 + 17.3 + 10.4 + 10 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Ivalue Infosolutions LtdIVALUE 60.4/100Mixed-positive evidence60% evidence ASLEEP 20.6/35 Revenue 5.4% · PAT 22.1% · OPM change 5.6 pp 95% evidence 18.6/25 ROCE 25.4% · OPM 10% 95% evidence 11.2/20 P/E 11.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -19.4%6 of 10 weeks ahead 0% evidence
Exact sum: 20.6 + 18.6 + 11.2 + 10 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Sudarshan Pharma Industries Ltd543828 60.3/100Mixed-positive evidence82% evidence LEADER 20.9/35 Revenue 32.9% · PAT 24.3% · OPM change 1.5 pp 95% evidence 13.6/25 ROCE 15.1% · OPM 9.1% 76% evidence 8.9/20 P/E 39.2× · PEG — 50% evidence 16.9/20 RS sector 17.5% · RS bench 33.4% · 1Y 25.2%12 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 13.6 + 8.9 + 16.9 = 60.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Euro Pratik Sales LtdEUROPRATIK 59.9/100Mixed-positive evidence73% evidence ASLEEP 15.1/35 Revenue 23.9% · PAT 29% · OPM change -8 pp 100% evidence 19.5/25 ROCE 38.4% · OPM 26% 100% evidence 15.3/20 P/E 29.1× · PEG 0.62 65% evidence 10.0/20 RS sector — · RS bench — · 1Y 4.7%6 of 10 weeks ahead 0% evidence
Exact sum: 15.1 + 19.5 + 15.3 + 10 = 59.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Tembo Global Industries LtdTEMBO 59.0/100Mixed-positive evidence80% evidence TURNING 22.2/35 Revenue 34% · PAT 55.7% · OPM change 5 pp 95% evidence 18.4/25 ROCE 22.8% · OPM 16% 95% evidence 11.3/20 P/E 10.2× · PEG — 15% evidence 7.1/20 RS sector -17.4% · RS bench -4.5% · 1Y -10.2%2 of 12 weeks ahead 100% evidence
Exact sum: 22.2 + 18.4 + 11.3 + 7.1 = 59 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Mangalam Global Enterprise LtdMGEL 58.7/100Mixed-positive evidence80% evidence 25.7/35 Revenue 41.4% · PAT 100% · OPM change 0.5 pp 95% evidence 15.8/25 ROCE 17% · OPM 1.9% 95% evidence 11.1/20 P/E 13× · PEG — 15% evidence 6.1/20 RS sector -14.5% · RS bench -0.2% · 1Y -3.5%6 of 7 weeks ahead to 2026-08-09 100% evidence
Exact sum: 25.7 + 15.8 + 11.1 + 6.1 = 58.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.5% and the one-year return is -3.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
12Arisinfra Solutions LtdARIS 57.6/100Mixed-positive evidence65% evidence TURNING 22.0/35 Revenue 45.3% · PAT 100% · OPM change 2 pp 95% evidence 15.1/25 ROCE 15.6% · OPM 11% 95% evidence 10.8/20 P/E 15.5× · PEG — 15% evidence 9.7/20 RS sector — · RS bench -1.2% · 1Y -12.3%4 of 10 weeks ahead 25% evidence
Exact sum: 22 + 15.1 + 10.8 + 9.7 = 57.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Aayush Art and Bullion Ltd540718 56.4/100Thin evidence · provisional54% evidence BREAKING OUT 21.2/35 Revenue 100% · PAT — · OPM change 1.6 pp 35% evidence 13.2/25 ROCE 18.9% · OPM 6% 76% evidence 8.9/20 P/E 245× · PEG — 15% evidence 13.1/20 RS sector -1.1% · RS bench 13.5% · 1Y 29.2%3 of 12 weeks ahead 100% evidence
Exact sum: 21.2 + 13.2 + 8.9 + 13.1 = 56.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Patel Retail LtdPATELRMART 53.8/100Mixed-positive evidence65% evidence ASLEEP 18.1/35 Revenue 42.3% · PAT 59.7% · OPM change -2.2 pp 95% evidence 14.3/25 ROCE 15.3% · OPM 6.1% 95% evidence 10.8/20 P/E 16.9× · PEG — 15% evidence 10.6/20 RS sector — · RS bench 2.8% · 1Y -18.4%5 of 10 weeks ahead 25% evidence
Exact sum: 18.1 + 14.3 + 10.8 + 10.6 = 53.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Prostarm Info Systems LtdPROSTARM 52.0/100Mixed-positive evidence65% evidence BASING 17.1/35 Revenue 30.5% · PAT 19.1% · OPM change 1.4 pp 95% evidence 16.1/25 ROCE 18% · OPM 8.5% 95% evidence 10.5/20 P/E 22× · PEG — 15% evidence 8.3/20 RS sector — · RS bench -12.2% · 1Y -35.5%0 of 10 weeks ahead 25% evidence
Exact sum: 17.1 + 16.1 + 10.5 + 8.3 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Fabtech Technologies LtdFABTECH 50.8/100Thin evidence · provisional52% evidence TURNING 17.5/35 Revenue 14.2% · PAT 41% · OPM change 14.8 pp 71% evidence 12.3/25 ROCE 13.6% · OPM 5.7% 95% evidence 11.0/20 P/E 13.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 17.5 + 12.3 + 11 + 10 = 50.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Lloyds Enterprises LtdLLOYDSENT 50.3/100Mixed-positive evidence75% evidence TURNING 18.1/35 Revenue 33% · PAT -21.4% · OPM change 9 pp 95% evidence 11.3/25 ROCE 3.7% · OPM 16% 76% evidence 9.1/20 P/E 93.3× · PEG — 15% evidence 11.8/20 RS sector -5% · RS bench 8.7% · 1Y -6%10 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 11.3 + 9.1 + 11.8 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18BMW Ventures LtdBMW 50.0/100Thin evidence · provisional55% evidence 16.9/35 Revenue 18.5% · PAT 24.2% · OPM change -0.6 pp 95% evidence 11.9/25 ROCE 12% · OPM 3.4% 76% evidence 11.2/20 P/E 12.2× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -18.7%0 of 10 weeks ahead 0% evidence
Exact sum: 16.9 + 11.9 + 11.2 + 10 = 50 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19SG Mart LtdSGMART 48.9/100Mixed-negative evidence93% evidence LEADER 13.9/35 Revenue 10.4% · PAT 14.7% · OPM change 1.4 pp 100% evidence 8.6/25 ROCE 10.2% · OPM 4.5% 100% evidence 8.2/20 P/E 76.1× · PEG 1.92 65% evidence 18.2/20 RS sector 34.9% · RS bench 51.7% · 1Y 106.8%12 of 12 weeks ahead 100% evidence
Exact sum: 13.9 + 8.6 + 8.2 + 18.2 = 48.9 · Decision use: Price leads the evidence: RS versus the benchmark is 51.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
20Bizotic Commercial Ltd543926 48.7/100Thin evidence · provisional58% evidence BASING 19.8/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 18.6/25 ROCE 26.8% · OPM 8% 76% evidence 9.7/20 P/E 34.1× · PEG — 50% evidence 0.6/20 RS sector -86.7% · RS bench -18.3% · 1Y -72.4%0 of 12 weeks ahead 100% evidence
Exact sum: 19.8 + 18.6 + 9.7 + 0.6 = 48.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21Yogi LtdYOGI 47.9/100Thin evidence · provisional58% evidence 20.3/35 Revenue 97.5% · PAT 68.1% · OPM change -5.9 pp 62% evidence 9.9/25 ROCE 12.8% · OPM 2.6% 76% evidence 9.5/20 P/E 54.1× · PEG — 15% evidence 8.2/20 RS sector -6.5% · RS bench -2.1% · 1Y -11.1%2 of 12 weeks ahead 70% evidence
Exact sum: 20.3 + 9.9 + 9.5 + 8.2 = 47.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22Shiv Aum Steels LtdSHIVAUM 47.4/100Thin evidence · provisional55% evidence BREAKING OUT 16.9/35 Revenue — · PAT — · OPM change 1.3 pp 45% evidence 11.4/25 ROCE 8% · OPM 4.7% 95% evidence 7.2/20 P/E 66.8× · PEG — 50% evidence 11.9/20 RS sector — · RS bench 38.3% · 1Y —6 of 6 weeks ahead 25% evidence
Exact sum: 16.9 + 11.4 + 7.2 + 11.9 = 47.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23Dhunseri Ventures LtdDVL 46.8/100Mixed-negative evidence87% evidence BREAKING OUT 12.6/35 Revenue -20% · PAT 31.7% · OPM change -12 pp 95% evidence 9.7/25 ROCE 6.7% · OPM 39% 95% evidence 11.9/20 P/E 5.3× · PEG — 50% evidence 12.6/20 RS sector -7.1% · RS bench 8% · 1Y -14.9%7 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 9.7 + 11.9 + 12.6 = 46.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Adani Enterprises LtdADANIENT 45.5/100Mixed-negative evidence93% evidence TURNING 14.3/35 Revenue 18.1% · PAT 4.2% · OPM change 0 pp 100% evidence 8.5/25 ROCE 5.8% · OPM 15% 100% evidence 7.7/20 P/E 174× · PEG 1.96 65% evidence 15.0/20 RS sector 8.6% · RS bench 23.9% · 1Y 38.4%10 of 12 weeks ahead 100% evidence
Exact sum: 14.3 + 8.5 + 7.7 + 15 = 45.5 · Decision use: Price leads the evidence: RS versus the benchmark is 23.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
25MMTC LtdMMTC 44.8/100Mixed-negative evidence96% evidence ASLEEP 15.1/35 Revenue 0% · PAT 100% · OPM change -1270 pp 100% evidence 8.0/25 ROCE 8.7% · OPM — 84% evidence 15.3/20 P/E 46.1× · PEG 0.92 100% evidence 6.4/20 RS sector -14.9% · RS bench -1.9% · 1Y -4.1%3 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 8 + 15.3 + 6.4 = 44.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
26State Trading Corporation of India LtdSTCINDIA 42.5/100Mixed-negative evidence67% evidence ASLEEP 19.6/35 Revenue — · PAT 100% · OPM change -14.6 pp 67% evidence 5.6/25 ROCE -0.9% · OPM — 80% evidence 11.9/20 P/E 14× · PEG — 50% evidence 5.4/20 RS sector -28.7% · RS bench -5.6% · 1Y -5.6%2 of 11 weeks ahead 70% evidence
Exact sum: 19.6 + 5.6 + 11.9 + 5.4 = 42.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27RRP Semiconductor LtdRRP 41.1/100Thin evidence · provisional54% evidence 11.4/35 Revenue -80% · PAT -80% · OPM change 3.3 pp 71% evidence 5.4/25 ROCE -32.7% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 14.3/20 RS sector 65.3% · RS bench 0.8% · 1Y 66.5%0 of 1 week ahead 70% evidence
Exact sum: 11.4 + 5.4 + 10 + 14.3 = 41.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
28Cropster Agro Ltd523105 40.7/100Mixed-negative evidence65% evidence 16.0/35 Revenue 28.4% · PAT 6.5% · OPM change 2.1 pp 83% evidence 11.3/25 ROCE 12.4% · OPM 8.7% 76% evidence 10.1/20 P/E 31× · PEG — 15% evidence 3.3/20 RS sector -72.7% · RS bench -62.7% · 1Y -83.2%0 of 1 week ahead to 2026-08-09 70% evidence
Exact sum: 16 + 11.3 + 10.1 + 3.3 = 40.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29Hexa Tradex LtdHEXATRADEX 40.3/100Mixed-negative evidence65% evidence BASING 17.2/35 Revenue 0.4% · PAT 70.3% · OPM change 13.6 pp 71% evidence 6.1/25 ROCE -0.1% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 7.0/20 RS sector -16.8% · RS bench -3.7% · 1Y -12.7%0 of 12 weeks ahead 100% evidence
Exact sum: 17.2 + 6.1 + 10 + 7 = 40.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Hardwyn India LtdHARDWYN 40.2/100Mixed-negative evidence87% evidence ASLEEP 13.8/35 Revenue 2.6% · PAT -8.5% · OPM change -0.2 pp 95% evidence 12.5/25 ROCE 4.8% · OPM 13% 95% evidence 12.1/20 P/E 50.6× · PEG — 50% evidence 1.8/20 RS sector -38.3% · RS bench -29.5% · 1Y -3.4%3 of 12 weeks ahead 100% evidence
Exact sum: 13.8 + 12.5 + 12.1 + 1.8 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
31Blue Pearl Agriventures LtdBPAGRI 39.8/100Mixed-negative evidence69% evidence 20.5/35 Revenue 19.3% · PAT 59.1% · OPM change 0.3 pp 95% evidence 6.3/25 ROCE 2.2% · OPM 3.3% 76% evidence 8.7/20 P/E 514× · PEG — 15% evidence 4.3/20 RS sector -33.5% · RS bench -82.5% · 1Y -91.2%1 of 12 weeks ahead 70% evidence
Exact sum: 20.5 + 6.3 + 8.7 + 4.3 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
32Pervasive Commodities Ltd517172 38.3/100Thin evidence · provisional52% evidence 12.7/35 Revenue 25.6% · PAT -8.3% · OPM change -6.1 pp 95% evidence 5.6/25 ROCE 0% · OPM -10.2% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 12.7 + 5.6 + 10 + 10 = 38.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
33Riddhi Siddhi Gluco Biols Ltd524480 38.0/100Mixed-negative evidence82% evidence FADING 12.4/35 Revenue -38% · PAT 38.4% · OPM change -2.8 pp 95% evidence 6.6/25 ROCE 2.7% · OPM -3% 76% evidence 6.5/20 P/E 37.3× · PEG — 50% evidence 12.5/20 RS sector 10.5% · RS bench 25.4% · 1Y 33.5%9 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 6.6 + 6.5 + 12.5 = 38 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
34PTC India Ltdthis pagePTC 36.6/100Mixed-negative evidence82% evidence BASING 11.2/35 Revenue 13.3% · PAT -43.1% · OPM change -3.9 pp 95% evidence 12.6/25 ROCE 13.4% · OPM 3.1% 76% evidence 9.7/20 P/E 8.8× · PEG — 50% evidence 3.1/20 RS sector -21.6% · RS bench -9.8% · 1Y -13%0 of 12 weeks ahead 100% evidence
Exact sum: 11.2 + 12.6 + 9.7 + 3.1 = 36.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
35Neueon Corporation LtdNEUEON 35.6/100Thin evidence · provisional59% evidence ASLEEP 9.1/35 Revenue 17.8% · PAT -80% · OPM change -1039 pp 71% evidence 3.7/25 ROCE -40.4% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 12.8/20 RS sector 12.7% · RS bench -1.5% · 1Y —1 of 12 weeks ahead 70% evidence
Exact sum: 9.1 + 3.7 + 10 + 12.8 = 35.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
36Kothari Industrial Corporation LtdKOTIC 34.2/100Adverse evidence63% evidence BASING 18.8/35 Revenue 75.9% · PAT -80% · OPM change -41.8 pp 71% evidence 1.6/25 ROCE -28.9% · OPM -43% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.8/20 RS sector -58.6% · RS bench -43.5% · 1Y -77.5%0 of 9 weeks ahead 70% evidence
Exact sum: 18.8 + 1.6 + 10 + 3.8 = 34.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
37Shanti Overseas (India) LtdSHANTI 32.3/100Thin evidence · provisional56% evidence 11.2/35 Revenue -63.4% · PAT 100% · OPM change -200.5 pp 40% evidence 4.5/25 ROCE -25.2% · OPM -216.5% 71% evidence 13.1/20 P/E 3× · PEG — 50% evidence 3.5/20 RS sector -60.4% · RS bench -49.7% · 1Y -47.1%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 11.2 + 4.5 + 13.1 + 3.5 = 32.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
38BN Agrochem LtdBNAGROCHEM 32.2/100Adverse evidence77% evidence ASLEEP 12.9/35 Revenue 84.5% · PAT -61% · OPM change -9.4 pp 100% evidence 4.4/25 ROCE 4.4% · OPM 2.3% 100% evidence 9.0/20 P/E 117× · PEG — 15% evidence 5.9/20 RS sector -16.7% · RS bench -35.6% · 1Y -46.5%4 of 10 weeks ahead 70% evidence
Exact sum: 12.9 + 4.4 + 9 + 5.9 = 32.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
39Uniphos Enterprises LtdUNIENTER 30.4/100Adverse evidence69% evidence BASING 12.6/35 Revenue -77.1% · PAT 100% · OPM change -0.9 pp 71% evidence 4.6/25 ROCE 0.8% · OPM — 80% evidence 8.8/20 P/E 31.4× · PEG — 50% evidence 4.4/20 RS sector -43.6% · RS bench -22% · 1Y -41%1 of 10 weeks ahead 70% evidence
Exact sum: 12.6 + 4.6 + 8.8 + 4.4 = 30.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
40Oswal Agro Mills LtdOSWALAGRO 24.7/100Adverse evidence67% evidence 2.8/35 Revenue -80% · PAT -80% · OPM change -21782.3 pp 95% evidence 7.8/25 ROCE 2% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 4.1/20 RS sector -50.3% · RS bench -32% · 1Y -49.6%0 of 6 weeks ahead to 2026-08-16 70% evidence
Exact sum: 2.8 + 7.8 + 10 + 4.1 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
41Mardia Samyoung Capillary Tubes Company LtdMSCTC 56.9/100Thin evidence · provisional32% evidence 20.8/35 Revenue 100% · PAT 100% · OPM change — 29% evidence 15.2/25 ROCE 22.6% · OPM 15.3% 57% evidence 8.6/20 P/E 687× · PEG — 15% evidence 12.3/20 RS sector — · RS bench 74.6% · 1Y 93.7%6 of 12 weeks ahead to 2026-03-08 25% evidence
Exact sum: 20.8 + 15.2 + 8.6 + 12.3 = 56.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
42Proventus Agrocom LtdPROV 56.7/100Thin evidence · provisional48% evidence BREAKING OUT 19.6/35 Revenue — · PAT — · OPM change 0.2 pp 26% evidence 12.4/25 ROCE 11.5% · OPM 1.8% 95% evidence 13.1/20 P/E 42.8× · PEG — 50% evidence 11.6/20 RS sector — · RS bench 26.9% · 1Y —12 of 12 weeks ahead 25% evidence
Exact sum: 19.6 + 12.4 + 13.1 + 11.6 = 56.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
43DC Infotech & Communication LtdDCI 56.3/100Thin evidence · provisional35% evidence 18.6/35 Revenue — · PAT — · OPM change 0.3 pp 24% evidence 17.6/25 ROCE 22.9% · OPM 4.7% 76% evidence 10.6/20 P/E 20.4× · PEG — 15% evidence 9.5/20 RS sector — · RS bench -1.6% · 1Y — 25% evidence
Exact sum: 18.6 + 17.6 + 10.6 + 9.5 = 56.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
44SK Minerals & Additives Ltd544584 55.8/100Thin evidence · provisional36% evidence TURNING 16.6/35 Revenue — · PAT — · OPM change 1.3 pp 39% evidence 19.0/25 ROCE 26.2% · OPM 10.7% 76% evidence 10.2/20 P/E 29.5× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —3 of 4 weeks ahead 0% evidence
Exact sum: 16.6 + 19 + 10.2 + 10 = 55.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
45Monika Alcobev LtdMONIKA 54.0/100Thin evidence · provisional22% evidence 16.4/35 Revenue — · PAT — · OPM change -2 pp 15% evidence 17.0/25 ROCE 21% · OPM 15% 57% evidence 10.6/20 P/E 20.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -10.9%0 of 12 weeks ahead to 2026-03-08 0% evidence
Exact sum: 16.4 + 17 + 10.6 + 10 = 54 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
46Shah Foods Ltd519031 53.6/100Thin evidence · provisional18% evidence TURNING 17.1/35 Revenue — · PAT — · OPM change -10.7 pp 7% evidence 15.3/25 ROCE — · OPM 18% 30% evidence 8.8/20 P/E 276× · PEG — 15% evidence 12.4/20 RS sector — · RS bench 103.9% · 1Y —4 of 4 weeks ahead 25% evidence
Exact sum: 17.1 + 15.3 + 8.8 + 12.4 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
47Pramara Promotions LtdPRAMARA 51.7/100Thin evidence · provisional47% evidence 16.6/35 Revenue — · PAT — · OPM change -1 pp 15% evidence 13.9/25 ROCE 15.2% · OPM 15% 71% evidence 6.9/20 P/E 51.3× · PEG — 50% evidence 14.3/20 RS sector 7.9% · RS bench 29% · 1Y 34.5%10 of 12 weeks ahead to 2026-04-19 70% evidence
Exact sum: 16.6 + 13.9 + 6.9 + 14.3 = 51.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
48Manbro Industries Ltd512595 50.9/100Thin evidence · provisional22% evidence 18.3/35 Revenue — · PAT — · OPM change 32.8 pp 5% evidence 13.1/25 ROCE — · OPM 6.6% 23% evidence 10.0/20 P/E — · PEG — 0% evidence 9.5/20 RS sector -17.3% · RS bench 37.2% · 1Y 62.6%12 of 12 weeks ahead to 2026-05-03 70% evidence
Exact sum: 18.3 + 13.1 + 10 + 9.5 = 50.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
49Le Merite Exports LtdLEMERITE 47.2/100Thin evidence · provisional40% evidence 18.9/35 Revenue — · PAT — · OPM change 0.9 pp 15% evidence 9.1/25 ROCE 8.6% · OPM 2.8% 71% evidence 9.3/20 P/E 87× · PEG — 15% evidence 9.9/20 RS sector -9% · RS bench 15% · 1Y 28.1%2 of 12 weeks ahead to 2026-05-17 70% evidence
Exact sum: 18.9 + 9.1 + 9.3 + 9.9 = 47.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
50Satani Bearings Ltd505703 45.2/100Thin evidence · provisional38% evidence TURNING 20.5/35 Revenue — · PAT 100% · OPM change — 33% evidence 4.7/25 ROCE 1% · OPM -3.7% 76% evidence 8.6/20 P/E 5197× · PEG — 15% evidence 11.4/20 RS sector — · RS bench 24.9% · 1Y 176.6%1 of 11 weeks ahead 25% evidence
Exact sum: 20.5 + 4.7 + 8.6 + 11.4 = 45.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
51Keto Motors Ltd537392 43.3/100Thin evidence · provisional38% evidence TURNING 16.3/35 Revenue — · PAT 100% · OPM change — 33% evidence 6.0/25 ROCE -0.3% · OPM 10.7% 76% evidence 8.5/20 P/E 7503× · PEG — 15% evidence 12.5/20 RS sector — · RS bench 272.8% · 1Y —4 of 4 weeks ahead 25% evidence
Exact sum: 16.3 + 6 + 8.5 + 12.5 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
52A-1 LtdA1L 41.0/100Thin evidence · provisional50% evidence 16.2/35 Revenue 8.3% · PAT -30.6% · OPM change -0.9 pp 53% evidence 10.7/25 ROCE 10.6% · OPM 2.9% 57% evidence 8.8/20 P/E 383× · PEG — 15% evidence 5.3/20 RS sector -24.5% · RS bench -16% · 1Y -8.6%6 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 16.2 + 10.7 + 8.8 + 5.3 = 41 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is PTC India Ltd's share price today?

PTC India Ltd trades at ₹153, −12.7% over the past year. The company is valued at ₹4,522 Cr. The stock sits at the very bottom of its 52-week range (₹153–₹223), −11.8% versus its 200-day average. On the tape, the price is in a downtrend, 4 weeks in. — as of 11 September 2026.

What were PTC India Ltd's latest quarterly results?

PTC India Ltd reported revenue of ₹4,774 Cr and net profit of ₹112 Cr for the Jun 26 quarter. Revenue rose 19.1% and profit fell 53.9% year on year. Earnings per share were ₹3.31. The operating margin was 3.1%, 3.9 pp lower than a year earlier. — as of 11 September 2026.

What is PTC India Ltd's revenue?

PTC India Ltd reported revenue of ₹4,774 Cr in the Jun 26 quarter, +19.1% year on year. For the full FY26 fiscal year, revenue was ₹16,771 Cr (+7.0%). Over the last 10 years revenue compounded at 2.2% a year. — as of 11 September 2026.

What is PTC India Ltd's profit?

PTC India Ltd earned ₹112 Cr of net profit in the Jun 26 quarter, −53.9% year on year. Full-year FY26 profit was ₹717 Cr. The operating margin ran 3.1% in the latest quarter. — as of 11 September 2026.

What is PTC India Ltd's market cap?

PTC India Ltd's market capitalisation is ₹4,522 Cr at a share price of ₹153. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is PTC India Ltd's P/E ratio?

PTC India Ltd trades at a P/E of 8.8×, at the 70th percentile of its own 11-year range, against a long-run median of 7.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does PTC India Ltd pay a dividend?

Yes — PTC India Ltd's dividend payout was 42% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.

Is PTC India Ltd overvalued?

On its own history, PTC India Ltd looks expensive: its P/E of 8.8× sits at the 70th percentile of its 11-year range (long-run median 7.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is PTC India Ltd growing?

Not right now — PTC India Ltd's latest numbers are shrinking: latest-quarter revenue +19.1% year on year, profit −53.9%, and the margin −3.9 pp at 3.1%. The 10-year compound rates are 2.2% (revenue) and 5.9% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.

How is PTC India Ltd performing?

PTC India Ltd is in a downtrend, 4 weeks in. Its latest quarter's revenue rose 19.1% and profit fell 53.9% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 5 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is PTC India Ltd in?

Deteriorating — profit and EPS growth are shrinking (profit growth −43.1% latest against +89.5% at its 12-quarter best), ROCE holding at 13.0%. The read comes from the last 12 quarters of growth (revenue growth +13.3% latest, profit growth −43.1% latest, eps growth −44.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is PTC India Ltd in an uptrend?

No — the price is in a downtrend (week 4 of stage 4), trading −11.8% versus its 200-day average and at the very bottom of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is PTC India Ltd beating the market?

Not lately — on a trailing-13-week view PTC India Ltd is currently behind the NIFTY 500 (5 weeks and counting; last ahead the week of 2026-08-07), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +155% against the NIFTY 500's +273% — behind the index over the full window. — as of 11 September 2026.

Will PTC India Ltd's share price go up?

This page publishes no price forecast for PTC India Ltd. What it measures instead: the share price is ₹153, the price is in a downtrend 4 weeks in. Its P/E of 8.8× sits at the 70th percentile of its own 11-year range. — as of 11 September 2026.

Who owns PTC India Ltd?

Promoters hold 16.2% of PTC India Ltd, foreign institutions 28.9%, domestic institutions 8.9% and the public 42.6% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 4.2 points over 8 quarters. — as of 11 September 2026.

Does PTC India Ltd have too much debt?

No — PTC India Ltd's debt-to-equity is 0.30, and operating profit covers the interest bill 3×. FY26 borrowings were ₹1,769 Cr against equity of ₹5,981 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is PTC India Ltd's capex?

PTC India Ltd spent ₹−1,556 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹4.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is PTC India Ltd's cash flow?

PTC India Ltd generated ₹2,817 Cr of operating cash flow in FY26 and ₹2,813 Cr of free cash flow after ₹4.0 Cr of capital spending. Reported profit that year was ₹717 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is PTC India Ltd's profit real cash?

Yes — over the last 3 fiscal years, 320% of PTC India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹2,817 Cr against reported profit of ₹717 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is PTC India Ltd in its business cycle?

PTC India Ltd's FY26 operating margin was 5.0%, against a 13-year band of 5.0%–13.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 3.1%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does PTC India Ltd's price assume?

At its price on 13 June 2026, PTC India Ltd was priced for profit growth of about 0.3% a year. Profit itself has compounded 5.9% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the PTC India Ltd story?

The sharpest disagreement: Domestic institutions moved +3.2 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is PTC India Ltd a stock worth studying right now?

This is not investment advice. The machine read: PTC India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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