PTC
PTC India Limited
Power trading platform for electricity contracts and renewable energy certificates
Utilities›Power›Power›Power Trading
ptcindia.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹149.93
Market cap
4,439 Cr
Stock P/E
8.7
P/B
0.74
Dividend yield
9.8%
ROE (FY26)
8.6%
ROCE (FY26)
14.0%
Operating margin (FY26)
5.2%
Debt / equity (FY26)
0.29
OCF / EBITDA (FY26)
319.1%
OCF / EBITDA (3Y)
233.8%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
PTC India (formerly Power Trading Corporation of India) trades electricity, buying from generators and selling to state distribution companies (discoms) and commercial and industrial consumers through long-term, medium-term and short-term contracts, power exchanges and cross-border trade.
Company snapshot
1stBy market cap
Ranked among 1 companies in Power Trading.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 96.4% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Financing business | 3.6% | 476 Cr | 208 Cr | — |
| Power | 96.4% | 12,759 Cr | 447 Cr | — |
| Unallocated | 0.1% | 12 Cr | -6 Cr | — |
What we see
Positives
- ✓234% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,203 Cr | 3,472 Cr | 3,507 Cr | 4,686 Cr | 5,128 Cr | 3,421 Cr | 3,006 Cr | 4,009 Cr | 5,459 Cr | 3,405 Cr | 3,898 Cr | 4,774 Cr |
| Operating expenses (approx.) | 4,789 Cr | 3,193 Cr | 3,256 Cr | 4,382 Cr | 4,822 Cr | 3,111 Cr | 2,797 Cr | 3,721 Cr | 5,183 Cr | 3,231 Cr | 3,753 Cr | 4,623 Cr |
| EBITDA | 414 Cr | 279 Cr | 251 Cr | 304 Cr | 306 Cr | 310 Cr | 210 Cr | 288 Cr | 275 Cr | 174 Cr | 145 Cr | 151 Cr |
| OPM % | 8.0% | 8.0% | 7.2% | 6.5% | 6.0% | 9.1% | 7.0% | 7.2% | 5.0% | 5.1% | 3.7% | 3.2% |
| Other income | 22 Cr | 12 Cr | 3 Cr | 2 Cr | 6 Cr | 4 Cr | 24 Cr | 94 Cr | 126 Cr | 72 Cr | 75 Cr | 54 Cr |
| Interest | 140 Cr | 135 Cr | 100 Cr | 102 Cr | 91 Cr | 85 Cr | 71 Cr | 92 Cr | 101 Cr | 64 Cr | 53 Cr | 52 Cr |
| Depreciation | 25 Cr | 26 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 2 Cr |
| Profit before tax | 272 Cr | 131 Cr | 124 Cr | 247 Cr | 306 Cr | 226 Cr | 473 Cr | 289 Cr | 298 Cr | 175 Cr | 164 Cr | 151 Cr |
| Tax % | 25.6% | 25.8% | 26.7% | 23.2% | 23.5% | 19.7% | 21.4% | 15.9% | 25.5% | 25.0% | 26.0% | 25.8% |
| Net profit | 202 Cr | 97 Cr | 91 Cr | 189 Cr | 234 Cr | 181 Cr | 372 Cr | 243 Cr | 222 Cr | 131 Cr | 121 Cr | 112 Cr |
| EPS (₹) | ₹6.13 | ₹2.68 | ₹2.91 | ₹5.87 | ₹7.34 | ₹5.31 | ₹11.88 | ₹6.59 | ₹6.46 | ₹3.85 | ₹3.56 | ₹3.31 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15,311 Cr | 19,641 Cr | 15,145 Cr | 18,101 Cr | 18,346 Cr | 16,856 Cr | 15,971 Cr | 16,763 Cr | 16,241 Cr | 16,771 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 13,921 Cr | 18,121 Cr | 13,204 Cr | 16,277 Cr | 16,653 Cr | 15,282 Cr | 14,619 Cr | 15,701 Cr | 15,111 Cr | 15,888 Cr | Sign in free for the trailing twelve months |
| EBITDA | 1,390 Cr | 1,520 Cr | 1,941 Cr | 1,823 Cr | 1,692 Cr | 1,575 Cr | 1,352 Cr | 1,062 Cr | 1,130 Cr | 883 Cr | Sign in free for the trailing twelve months |
| OPM % | 9.1% | 7.7% | 12.8% | 10.1% | 9.2% | 9.3% | 8.5% | 6.3% | 7.0% | 5.3% | Sign in free for the trailing twelve months |
| Other income | 203 Cr | 146 Cr | 141 Cr | 23 Cr | 28 Cr | 23 Cr | 32 Cr | 42 Cr | 37 Cr | 367 Cr | Sign in free for the trailing twelve months |
| Interest | 800 Cr | 944 Cr | 1,240 Cr | 1,155 Cr | 921 Cr | 751 Cr | 600 Cr | 424 Cr | 348 Cr | 310 Cr | Sign in free for the trailing twelve months |
| Depreciation | 21 Cr | 97 Cr | 97 Cr | 100 Cr | 100 Cr | 101 Cr | 102 Cr | 10 Cr | 9 Cr | 10 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 772 Cr | 624 Cr | 744 Cr | 589 Cr | 679 Cr | 745 Cr | 680 Cr | 718 Cr | 1,251 Cr | 926 Cr | Sign in free for the trailing twelve months |
| Tax % | 34.5% | 35.2% | 34.2% | 31.1% | 32.6% | 25.9% | 25.5% | 25.7% | 22.0% | 22.5% | Sign in free for the trailing twelve months |
| Net profit | 506 Cr | 404 Cr | 490 Cr | 406 Cr | 458 Cr | 552 Cr | 507 Cr | 533 Cr | 976 Cr | 717 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹14.01 | ₹12.00 | ₹14.37 | ₹12.42 | ₹15.16 | ₹17.10 | ₹15.05 | ₹16.11 | ₹30.41 | ₹20.46 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 50.7% | 40.2% | 33.9% | 47.5% | 23.7% | 60.7% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 296 Cr | 296 Cr | 296 Cr | 296 Cr | 296 Cr | 296 Cr | 296 Cr | 296 Cr | 296 Cr | 296 Cr |
| Reserves | 3,559 Cr | 3,656 Cr | 3,666 Cr | 3,891 Cr | 4,124 Cr | 4,427 Cr | 4,723 Cr | 4,846 Cr | 5,509 Cr | 5,685 Cr |
| Borrowings | 9,388 Cr | 11,348 Cr | 11,204 Cr | 10,089 Cr | 9,786 Cr | 9,764 Cr | 6,521 Cr | 4,305 Cr | 2,946 Cr | 1,757 Cr |
| Other liabilities | 4,021 Cr | 3,699 Cr | 5,389 Cr | 6,093 Cr | 5,720 Cr | 4,602 Cr | 4,235 Cr | 4,788 Cr | 3,201 Cr | 3,815 Cr |
| Total liabilities | 18,098 Cr | 19,804 Cr | 21,278 Cr | 21,109 Cr | 20,668 Cr | 19,882 Cr | 16,630 Cr | 15,123 Cr | 12,916 Cr | 12,631 Cr |
| Fixed assets (net) | 2,153 Cr | 2,060 Cr | 1,966 Cr | 1,868 Cr | 1,775 Cr | 1,692 Cr | 1,589 Cr | 43 Cr | 20 Cr | 31 Cr |
| CWIP | 0.06 Cr | 0.06 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Investments | 974 Cr | 400 Cr | 291 Cr | 564 Cr | 972 Cr | 768 Cr | 326 Cr | 284 Cr | 377 Cr | 941 Cr |
| Loans & advances | — | — | 0.31 Cr | 0.27 Cr | 0.39 Cr | 0.30 Cr | 0.25 Cr | 0.31 Cr | 0.36 Cr | 0.35 Cr |
| Trade receivables | 3,287 Cr | 3,349 Cr | 4,909 Cr | 7,011 Cr | 6,190 Cr | 7,186 Cr | 5,677 Cr | 5,756 Cr | 4,762 Cr | 4,381 Cr |
| Cash & bank | 294 Cr | 421 Cr | 112 Cr | 421 Cr | 939 Cr | 1,247 Cr | 971 Cr | 860 Cr | 1,710 Cr | 275 Cr |
| Other assets | 11,390 Cr | 13,574 Cr | 14,000 Cr | 11,245 Cr | 10,792 Cr | 8,990 Cr | 8,067 Cr | 8,180 Cr | 6,047 Cr | 7,003 Cr |
| Total assets | 18,098 Cr | 19,804 Cr | 21,278 Cr | 21,109 Cr | 20,668 Cr | 19,882 Cr | 16,630 Cr | 15,123 Cr | 12,916 Cr | 12,631 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 111 Cr | -1,416 Cr | -108 Cr | 3,294 Cr | 2,108 Cr | 3,049 Cr | 3,575 Cr | 2,451 Cr | 1,921 Cr | 2,817 Cr |
| Cash from investing | -1,374 Cr | 286 Cr | 244 Cr | -414 Cr | -505 Cr | 46 Cr | 168 Cr | -504 Cr | 870 Cr | -824 Cr |
| Cash from financing | 1,353 Cr | 1,257 Cr | -408 Cr | -2,570 Cr | -1,085 Cr | -2,788 Cr | -4,019 Cr | -2,042 Cr | -1,941 Cr | -3,428 Cr |
| Net cash flow | 91 Cr | 127 Cr | -272 Cr | 309 Cr | 518 Cr | 308 Cr | -276 Cr | -96 Cr | 850 Cr | -1,434 Cr |
| Free cash flow (OCF − Capex) | -1,366 Cr | -1,733 Cr | -110 Cr | 3,292 Cr | 2,104 Cr | 3,039 Cr | 3,574 Cr | 2,448 Cr | 1,915 Cr | 2,813 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 11.2% | 9.7% | 12.5% | 11.6% | 10.7% | 9.8% | 10.3% | 11.0% | 16.5% | 14.0% |
| ROE % | 8.8% | 8.5% | 9.1% | 7.5% | 8.7% | 9.2% | 7.6% | 7.9% | 13.3% | 8.6% |
| Debtor days | 78 | 62 | 118 | 141 | 123 | 155 | 129 | 125 | 107 | 95 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 65 | 41 | 71 | 100 | 73 | 93 | 91 | 77 | 66 | 77 |
| Cash conversion cycle | 13 | 21 | 47 | 41 | 50 | 62 | 38 | 48 | 41 | 18 |
| OCF / EBITDA % | 8.0% | -93.2% | -5.6% | 180.6% | 124.6% | 193.6% | 264.5% | 230.7% | 170.0% | 319.1% |
| OCF / EBITDA % (3 years) | — | — | -29.1% | 33.5% | 97.0% | 166.0% | 189.0% | 227.5% | 224.2% | 233.8% |
| Debt / equity | 2.44 | 2.87 | 2.83 | 2.41 | 2.21 | 2.07 | 1.30 | 0.84 | 0.51 | 0.29 |
| Current ratio | 0.75 | 0.69 | 0.90 | 1.15 | 1.36 | 1.40 | 1.51 | 1.75 | 2.17 | 2.24 |
| Net debt / EBITDA | 6.54 | — | 5.72 | 5.30 | 5.23 | 5.41 | 4.11 | 3.24 | 1.09 | 1.68 |