Mukul Agrawal Backed Multibagger Defence Stock To Keep Under Radar As Company Announces Stellar Results; PAT Jumps 113 Per Cent
The stock gave multibagger returns of 119 per cent from its 52-week low, 975 per cent in 3 years and a whopping 7,200 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 Rs 20,000 crore and reported positive numbers in its Quarterly Results (Q2FY25) and annual results (H1FY25).
According to quarterly results, the net sales increased by 26 per cent to Rs 72.37 crore and net profit increased by 113 per cent to Rs 17.31 crore in Q2FY25 compared to Q2FY24. Looking at the half-yearly results, the net sales decreased by 8 per cent to Rs 119.23 crore and net profit increased by 14 per cent to Rs 22.20 crore in H1FY25 compared to H1FY24.
Earlier, PTC Industries Limited has acquired Trac Precision Solutions Limited (TSPL), a UK-based precision engineering company, for an undisclosed sum. This acquisition will expand PTC's global footprint in the aviation, defence, and power generation sectors, positioning it as a key player in the global precision engineering market. The deal is expected to close within three months, subject to regulatory approvals. Additionally, PTC Industries has secured a significant order from BAE Systems for Titanium castings for the M777 ULH, highlighting its technological expertise and strategic partnerships in the defence sector.
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As of September 2024, DIIs bought 5,53,500 shares and increased their stake to 4.94; FIIs bought 1,94,082 shares and increased their stake to 4.53 per cent & Mukul Agrawal owns 1,60,000 shares or 1.07 per cent stake compared to June 2024. The stock gave multibagger returns of 119 per cent from its 52-week low, 975 per cent in 3 years and a whopping 7,200 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.