1. India Stocks

  2. •

    Utilities

  3. •

    Independent Power Producers
PTC India Limited

PTC India Limited

PTC.BO
PTC India LimitedIN flagBombay Stock Exchange
173.05
INR
-2.00
- -
51.06BMarket Cap
PTC India Limited
PTC.BO
(Bombay Stock Exchange)

Recent

price

173.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
312.27
273.2
311.42
408.75
469.63
454.29
504.94
418
498.7
602.99
602.2
551.3
517.02
557.37
525.13
- -
561.49
Revenue per Share
5.64
6.92
6.71
12.19
8.66
10.9
14.01
6.75
14.37
12.42
15.16
17.1
15.05
16.11
30.41
- -
20.46
Basic EPS, GAAP
-20.87
-39.08
-12.66
-62.77
-16.88
-53.85
-46.14
-59.25
-3.74
111.2
71.09
102.68
120.72
82.69
62.78
- -
- -
Free Cash Flow per Basic Share
1.42
1.74
1.74
2.23
3.23
3.56
4.11
4.98
5.01
5.55
7.84
7.5
5.8
8.56
7.8
- -
- -
Dividend per Share
15.55
18.44
20.52
25.17
32.5
39.2
47.66
44.13
50.34
52.93
53.75
55.16
58.75
62.66
72.28
- -
10
Book Value per Share
93.52
100.46
105.65
116.29
134.67
145.17
158.37
148.53
158.24
166.43
174.32
186.28
198.39
203.7
228.6
- -
238.4
Tangible Book Value per Share
295
295
295
296
296
296
296
296
296
296
296
296
296
296
296
- -
296
Basic Weighted Avg Shares
92,004
80,587
91,994
120,991
139,012
134,474
149,467
123,731
147,618
178,491
178,255
163,190
153,042
164,986
155,459
166,212
166,212
Sales/Revenue/Turnover
2.54
4.92
4.79
6.76
7.12
8.73
9.5
13.51
12.96
10.87
10.26
10.19
7.53
7.11
5.41
4.34
4.34
Operating Margin (%)
105
92
83
85
84
102
212
974
971
1,005
1,000
1,013
99
100
93
103
103
Depreciation Expense
1,660
2,041
1,983
3,608
2,563
3,225
4,147
2,000
4,253
3,676
4,487
5,062
4,456
4,769
9,002
6,056
6,056
Net Income, GAAP
29.3
26.64
30.21
29.91
31.82
34.93
34.47
36.02
34.19
31.09
32.56
25.93
25.76
26.04
23.55
22.49
22.49
Effective Tax Rate (%)
1.8
2.53
2.16
2.98
1.84
2.4
2.77
1.62
2.88
2.06
2.52
3.1
2.91
2.89
5.79
3.64
3.64
Profit Margin (%)
17,615
17,416
9,660
3,872
13,053
5,600
-17,065
-21,787
-7,431
11,626
28,043
33,063
30,137
46,530
50,430
56,116
56,116
Working Capital
4,653
6,880
9,457
23,523
44,772
57,051
65,394
76,928
92,337
84,848
77,043
60,633
48,526
28,214
17,701
9,510
9,510
LT Debt
27,563
29,641
31,213
34,430
39,891
42,989
46,896
43,976
46,850
49,274
51,616
55,156
58,735
60,303
67,690
70,586
70,586
Total Equity
5.68
8.43
7.37
9.66
8.01
7.25
7.12
6.81
7.25
7.8
7.5
7.73
6.19
7.65
6.44
6.05
6.05
Return on Invested Capital (%)
16.52
14.27
7.28
11.09
7.45
7.75
7.88
6.27
7.78
7.59
7.65
7.76
6.82
9.05
20.02
15.95
14.79
Return on Capital (%)
38.81
40.74
34.48
53.41
30.02
30.39
32.26
14.72
30.42
24.05
28.42
31.4
26.43
26.54
45.08
49.73
49.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
9,471
- -
8,179
LT Borrowings
13,080
- -
9,452
LT Finance Leases
88
- -
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
296
- -
296
Market Capitalization
49,316
47,747
46,667

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
106,272
- -
101,416
Cash, Cash Equivalents & STI
55,824
- -
56,273
Accounts Receivable, Net
49,606
- -
43,806
Inventories
- -
- -
- -
Total Current Liabilities
52,699
- -
45,300
Payables & Accruals
- -
- -
- -
ST Debt
9,471
- -
8,179
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.19%
6.51%
4.28%
Free Cash Flow
-312.91%
11.55%
51.35%
Net Income, GAAP
16.19%
12.79%
-32.73%
Sales/Revenue/Turnover
2.83%
-1.14%
6.92%
Total Cash Common Dividend
18.94%
20.03%
88.46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
46,910
50,098
33,669
31,901
164,986
2025
45,167
48,560
32,862
28,869
155,459
2026
39,763
54,212
33,637
38,600
166,212

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.39
6.13
2.68
- -
16.11
2025
5.87
7.34
5.32
11.88
30.41
2026
6.59
6.46
3.85
3.56
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
8.56
2025
- -
- -
- -
- -
7.8
2026
- -
- -
- -
- -
- -
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Business
PTC India Limited (PTC.BO), formerly Power Trading Corporation of India Limited, is India's leading provider of power trading solutions, established in 1999 as a Government of India-initiated public-private partnership and headquartered at NBCC Tower, 15 Bhikaji Cama Place, New Delhi. The company operates primarily in long-term and short-term power trading, including bilateral contracts for large power projects and trades addressing supply-demand mismatches; cross-border power trade with Nepal, Bhutan, and Bangladesh; retail power supply through PTC Retail; consultancy and advisory services; energy efficiency solutions; renewable energy projects via subsidiary PTC Energy Limited; and financial services for the power sector through subsidiary PTC India Financial Services Limited (PFS), which includes debt financing, techno-commercial appraisals, and security agent services. PTC holds a Category I license from the Central Electricity Regulatory Commission (CERC), enabling unlimited trading volumes, and maintains the largest market share in India's power trading sector for over 25 years while serving generators, utilities, and industrial customers across India and South Asia. In recent developments, PTC's board approved a joint venture agreement in November 2025 with NLC India Renewables Limited, under which PTC holds a 26% stake to develop up to 2,000 MW of green energy projects including solar, wind, hydro, and battery storage systems across India in a phased manner; the company also reported a 9% increase in Q2 FY2026 trading volume to 26,178 MU and expanded operations into securities and commodity trading to diversify revenue streams.