Pitti Engineering Ltd
Pitti Engineering Ltd (PITTIENG)

Pitti Engineering Ltd (PITTIENG)

₹284.750.09%

Key Stats

₹281.6
Day's Price Range
₹289.5
₹143
52-Week Price Range
₹375
1 Month Return-10.49 %
3 Month Return-5.91 %
1 Year Return85.6 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 103
16.33
EPS
Rank 83
₹17.45
BVPS
Rank 114
₹88.56
Dividend Yield
Rank 133
ROE
Rank 70
19.97%
Price To Book Ratio
Rank 139
3.21
Debt To Asset
Rank 105
0.66

Company Information

Incorporated as a private limited company on 17 Sep.83 Pitti Laminations PLL commenced commercial production in Mar.87. It was converted into a public limited company on 29 Dec.92. PLL was promoted by Badrivishal Pitti Sharad Pitti and G Vijaykumar.Sharad B Pitti is Chairman and managing director of the company. The company is engaged in the manufacture of electricgrade steel stampings and laminations which form important components in motors rotors and other electrical components.The company came out with a public issue of 19 lac shares at a premium of Rs 10 per share aggregating Rs 3.80 cr in Jan.94. The proceeds of the issue were utilised to partfinance the Rs 5.6cr project to expand the companys product range of electricalgrade stampings. PLL has been awarded the ISO 9002 certification by Bureau Veritas Quality International BVQI for the manufacture of electrical stampings and diecast rotors. The companys clientele includes prestigeous companies like Asea Brown Boveri Siemens GEC Kirloskar Crompton Greaves Bharat Bijlee etc.In 199495 PLL expanded its capacity to 4000 tpa. It has launched a second expansion programme to raise the capacity from 4000 tpa to 6000 tpa at an estimated cost of Rs 4.80 cr. The expansion scheme is designed to produce higher volumes of stampings of different diameters to serve the specific needs of the customers. It plans to integrate forward into the manufacture of diecast rotors and wound stators. At the end of the financial year 199899 the companys accumulated losses exceeded its net worth therefore the company would be treated as a Sick Industrial Company under the provisions of the Sick Industrial Companies special provisions Act 1985.During the year 9900 a growth of 18.76 was achieved in sales.In the year 2000 the BIFR has declared the company as Sick company and State Bank of IndiaIndustrial Finance Branch Hydrebad has been appointed as Operating agency.The company has registered a growth of 11.98 in the turnover during the year 200001.Therefore the turnover of the company is stood at Rs.2520.09 lakhs during the year 2001 as against Rs.2250.42 lakhs in the previous year.Though the improvement in sales volume is nominal larger revenue has derived from commercialization of tool room and relatively higher exports during the year.The company has registered a growth of 57.23 in the export segment.
OrganisationPitti Engineering Ltd
HeadquartersHyderabad
IndustryCapital Goods-Non Electrical Equipment