Today’s top gainer delivered 60% revenue growth

Today’s top gainer delivered 60% revenue growth

by 5paisa Research Team Last Updated: Dec 12, 2022 - 01:05 pm 26.7k Views
Listen icon

Pitti Engineering Ltd is up more than 11% for the day.

India’s GDP numbers came out yesterday. The numbers were in line with the expectation so no impact was observed in the market due to the GDP data. At the time of writing, markets are flat, with S&P BSE Sensex trading at 55652.29, 0.15 % up for the day. However, there is a lot of stock-specific action today. One of them is Pitti Engineering Limited.

Pitti Engineering Ltd in Group B has rallied more than 11% up and is trading at Rs 305 at 11:47 am on 1st June 2022, as against its yesterday’s closing price of Rs 271.65. The stock also made a high of Rs 307.75 early on during the day. The scrip is up for the third consecutive day. The stock rallied due to a decrease in commodity prices and positive stock sentiment fueled by decent Q4 results.

The company reported excellent topline growth in their Q4 results. However, there was a decline in the bottom-line for the company compared to their Q4 FY21 number. Company reported Q4 revenue at Rs 271 crore, a significant YOY growth of 59.4%. On YOY basis, net profit declined from Rs 21 crore to Rs 20 crore for Q4FY22. The decline in YOY operating margin was experienced due to an increase in input cost for the company.

The company has reduced its debtors’ days from 98.86 to 78.16 days for the period FY22. The company has a ROCE and ROE of 18% and 20% for the FY22 period ending, respectively. The company’s board has also approved fresh CAPEX worth Rs 197 crore to meet their growing revenue numbers in the future.

Talking about valuations, the company has a market capitalization of Rs 962.9 crore. The stock is trading at 18.7x PE and 4.1x PB. The stock has a 52-week high and low at Rs 344.25 and Rs 96.5.

Pitti Engineering Ltd. is involved in the manufacturing of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors, Press Tools and machining of metal components.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, prominent semiconductor chip manufacturer based in Chennai, is gearing up for significant financial move with plans to launch₹1,500 cr initial public offering (IPO) by end of year. This IPO, double size initially envisaged, signifies company’s ambitious expansion strategy in semiconductor industry.

Vodafone Idea Sets Floor and Cap Prices for FPO Amid Market Speculation

In a major development, Vodafone Idea Ltd. has revealed the floor price and cap price, alongside the lot size, for its upcoming follow-on public offering (FPO). The telecom giant witnessed a decrease of more than 3.25% during early trading on Wednesday, settling at ₹12.51, thus holding a market capitalization exceeding ₹61,000 crore.

Bondada Engineering Share Price Surged by 1423.2%, Know Why?

Bondada Engineering, standout in integrated infrastructure sector, witnessed extraordinary surge in its share price, soaring by impressive 1423.2% since its debut on BSE SME platform in August 2023. Investors who were part of IPO allocation saw significant gains, potentially earning 18.3 lakhs in just over eight months.