PTC India Ltd (PTC)

PTC India's Dividend Sustainability Under Scrutiny - 26 Apr, 2024

PTC India's dividend sustainability is under scrutiny due to its volatile history and unreliable payments over the past decade. Recent financials show a YoY revenue increase, but net income fell, indicating potential pressure on future payouts despite a reasonable payout ratio of 51.8%. The dividends are well-covered by cash flows with a low cash payout ratio of 7.7%, suggesting some buffer against earnings volatility. However, interest payments not being well covered by earnings could pose risks to maintaining consistent dividends.

PTC India's Dividend Payments Rank in Top 25% of Indian Market Payers - 23 Apr, 2024

PTC India Ltd's dividend payments have a yield of 3.46%, ranking in the top 25% of Indian market payers. The dividends are covered by earnings and cash flows, indicating sustainability. However, interest payments aren't well-covered by earnings, and the company's dividend track record has been unstable over the past decade. The stock trades at good value relative to peers with a Price-To-Earnings ratio of 13.2x against the market average of 30.7x.

PTC India Ltd Gains on BlackRock's Equity Purchase - 22 Apr, 2024

Shares of PTC India Ltd rose by 4.64% after BlackRock-managed funds bought approximately 66 lakh equity shares in a bulk deal. The company's stock has delivered multibagger returns of around 144% over the last year, and its return ratios for FY22-23 were reported at decent numbers. PTC India is involved in trading electricity and offering power trading solutions in India.

PTC India Ltd Shares Surge 28% in a Month - 20 Apr, 2024

PTC India Ltd shares have gained 28% in the past month, with an annual gain of 141%. However, earnings are rising slower than most companies and EPS is expected to contract by 21% next year. The low P/E ratio may not be sustainable if profitability doesn't improve.

BlackRock's iShares Acquires Shares of PTC India Ltd - 19 Apr, 2024

BlackRock's affiliates, iShares Global Water UCITS ETF, iShares Global Clean Energy ETF and iShares Global Clean Energy UCITS ETF purchased 27.50 lakh shares of PTC India at an average price of Rs 217.53 apiece for a transaction value of Rs 143.95 crore. Meanwhile, BNP Paribas Arbitrage sold 16.18 lakh shares of the firm.

PTC India Ltd's Dividends Show Growth Potential - 18 Apr, 2024

PTC India Ltd's dividends have seen growth over the past decade, with a favourable price-to-earnings ratio of 12.2x compared to the Indian market average of 30.5x. Recent board changes include the appointment of Mr Rajiv Kumar Rohilla as Non-Executive Nominee Director.

PTC India to Sell Stake in PTC Energy to ONGC - 28 Mar, 2024

PTC India has received shareholder approval to sell its subsidiary PTC Energy to ONGC for an enterprise value of Rs 2,021 crore as part of its non-core business exit strategy. The company has been growing its EPS and revenue over the past three years, making it a potential addition to investors' watchlists.