An investment of Rs 1 lakh has grown to Rs 28 lakhs, Stock trading in blue sky zone

The shares of the company have generated a multibagger return of 2230 per cent in the last three years.

Shares of PTC Industries Limited witnessed a significant surge today. The stock commenced trading at Rs 4671.80, marking a 2.6 per cent increase compared to the previous day's closing price of Rs 4551. Throughout the intraday session, the stock exhibited a remarkable 10 per cent surge accompanied by significant trading volume. 

Upon observing today's share volumes, it becomes apparent that there has been a substantial increase of over 9 times in trading volumes compared to its average volumes on the BSE.

Ultimately, the company's shares concluded the day's trading at Rs 50006.55, reflecting an impressive uptick of Rs 455 or 10 per cent on the BSE. 

The stock's 52-week high and low are Rs 5006.55 and Rs 1750, respectively. Possessing a market capitalization of Rs 6700 crore, the stock has showcased outstanding performance in recent periods, yielding a remarkable 115 per cent return in the last three months and an impressive 414 per cent return in the past two years. Furthermore, it has given a return of 2675 per cent in the last five years.

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Financial Performance   

In FY23, the company reported a 21 per cent year-on-year increase in its revenue from operations, rising from Rs 179 crore to Rs 216 crore. The company's operating profit also demonstrated growth, expanding from Rs 37 crore to Rs 48 crore. On a sequential basis, this profit experienced a similar increase from Rs 37 crore to Rs 48 crore, the operating profit margin stood at 22 per cent. Concurrently, the net profit of the company reached Rs 20 crore, corresponding to a net profit margin of 9 per cent for FY23.

The company's return on capital employed (ROCE) stands at 11 per cent, while the return on equity (ROE) is 9 per cent. The company's book value rests at Rs 222, with a price-to-earnings ratio of 333.

Business Overview

PTC Industries Limited specializes in the production and distribution of high-precision metal castings for a diverse array of critical industries. These industries encompass aerospace, defence, oil and gas, liquefied natural gas (LNG), maritime, valves and flow control, power generation, paper machinery, mining, and heavy machinery. 

The company offers a wide selection of materials, such as alloy steel, stainless steel, duplex and super duplex stainless steel, creep-resistant steel, and more. PTC Industries Limited's manufacturing scope extends to aerospace components, industrial parts, as well as titanium and vacuum-melt alloy castings.

Disclaimer: This article is for informational purposes only and not investment advice.