Publish Date: 2024-08-01 13:39:30
The inventory gave multibagger returns of 220 per cent in simply 1 12 months, 1,200 per cent in 3 years and a whopping 8,400 per cent in 5 years.
PTC Industries Limited is a world chief in manufacturing precision metallic elements for vital and supercritical purposes in sectors like Defence, oil & fuel, and marine. They concentrate on producing castings, machined elements, and fabricated components utilizing a variety of superior supplies, together with titanium alloys, stainless-steel, and nickel-based alloys, to fulfill the stringent calls for of those industries.
Key Business Updates for Q1FY25:
Develops Technology and Capability for Manufacturing of Single Crystal and Directionally Solidified Castings: Aerolloy Technologies Limited has mastered superior casting know-how, enabling the manufacturing of Single Crystal and Directionally Solidified blades and vanes essential for aerospace purposes. This breakthrough positions the corporate as a world pioneer within the discipline, able to manufacturing advanced airfoils with intricate cooling programs and superior materials properties, marking a big stride in direction of technological independence.
Partnership with main defence entities underneath DTIS scheme in Indian Defence and Aerospace sector to advance the ‘Make in India’ initiative: PTC Industries has joined forces with high defence firms together with Hindustan Aeronautics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam, Yantra India Limited and Uttar Pradesh Expressways Industrial Development Authority to ascertain a sophisticated supplies testing facility in Lucknow as a part of the ‘Make in India’ initiative for a venture value Rs 53 crore. This collaborative effort, supported by authorities funding, goals to offer reasonably priced and cutting-edge testing infrastructure for the protection sector throughout the Uttar Pradesh Defence Industrial Corridor.
Update on ongoing CAPEX: PTC is establishing a cutting-edge Strategic Materials Technology facility in Lucknow, set to turn into the world’s largest Titanium recycling and remelting hub. This facility will even produce Nickel/Cobalt Superalloys for the Aerospace and Defence industries. PTC has procured crucial tools and is putting in Electron Beam Cold Hearth Remelting and Vacuum Induction Melting furnaces. The firm has already put in Vacuum Arc Remelting and Plasma Arc Melting furnaces, scheduled for commissioning within the second half of FY25.
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Revenue fell from Rs 74.42 crore to Rs 50.52 crore on account of a modest decline in gross sales in the course of the quarter, primarily attributed to momentary demand fluctuations and provide chain changes. Consequently, EBITDA and PAT decreased to Rs 13.69 crore and Rs 4.90 crore, respectively, from Rs 22.67 million and Rs 11.28 crore in Q1FY24. Despite the present quarter’s efficiency, the corporate maintains optimism for a stronger monetary outlook sooner or later.
Today, shares of PTC Industries Ltd gained 0.55 per cent to Rs 13,800 per share from its earlier closing of Rs 13,724.20 per share. The inventory’s 52-week excessive is Rs 15,650 and its 52-week low is Rs 4,350.
An ace investor, Mukul Agrawal owns 1.16 per cent stake as of June 2024 and DIIs elevated their to 1.25 per cent in June 2024 in comparison with 0.44 per cent in March 2024. The inventory gave multibagger returns of 220 per cent in simply 1 12 months, 1,200 per cent in 3 years and a whopping 8,400 per cent in 5 years. Investors ought to regulate this defence inventory.
Disclaimer: The article is for informational functions solely and never funding recommendation.
Also Read: 2:1 inventory cut up & Company incorporates a brand new subsidiary for enterprise enlargement: Multibagger penny inventory underneath Rs 3 to maintain underneath the radar!
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