Mukul Agrawal Holds 1.07 Per Cent Stake: Aerospace & Defence Company Reports Stellar Results; PAT Jumps 76 Per Cent in Q3FY25
The stock gave multibagger returns of 675 per cent in 3 years and a whopping 9,200 per cent in 5 years.
PTC Industries Limited is a global leader in manufacturing precision metal components for critical and supercritical applications in sectors like defence, oil & gas and marine. They specialise in producing castings, machined components, and fabricated parts using a wide range of advanced materials, including titanium alloys, stainless steel and nickel-based alloys, to meet the stringent demands of these industries.
The company has a market cap of over Rs 19,000 crore and reported stellar numbers in its Quarterly Results (Q3FY25) and annual results (9MFY25). According to quarterly results, the net sales increased by 21 per cent to Rs 66.92 crore and net profit increased by 76 per cent to Rs 14.24 crore in Q3FY25 compared to Q3FY24. Looking at the nine-month results, the net sales increased by 1 per cent to Rs 186.16 crore and net profit increased by 33 per cent to Rs 36.45 crore in 9MFY25 compared to 9MFY24.
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Earlier, the company partnered with the Odisha government to build an aerospace-grade Titanium Sponge manufacturing facility. This initiative will make PTC, through its subsidiary Aerolloy Technologies, one of the world's few companies with a fully integrated titanium production process, from sponge to finished products. Titanium sponge, vital for titanium alloys used in aerospace, defence and other advanced industries, is currently imported by India, despite its abundant titanium ore reserves. This new facility addresses this strategic vulnerability, bolstering India's self-reliance in a critical material and supporting the Make in India and Aatmanirbhar Bharat initiatives. The Odisha government's support through favourable policies and infrastructure incentives has been crucial to this project, which aims to strengthen India's position in advanced materials manufacturing and secure its supply chain for aerospace and defence.
As of December 2024, DIIs bought 2,94,582 shares and increased their stake to 6.50 per cent compared to September 2024 and Mukul Agrawal owns 1,60,000 shares or 1.07 per cent stake compared to December 2024. The stock gave multibagger returns of 675 per cent in 3 years and a whopping 9,200 per cent in 5 years. Investors should keep an eye on this aerospace defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.