Mukul Agrawal Holds 1.07 Per Cent Stake: Aerospace & Defence Company Secures Major Order from Safran Aircraft Engines for LEAP Engine Cast Components
The stock gave multibagger returns of 106 per cent in just 1 year, 750 per cent in 3 years and a whopping 14,275 per cent in 5 years.
Aerolloy Technologies (ATL), a subsidiary of PTC Industries Limited, has secured a substantial long-term order from Safran Aircraft Engines (SAE) to supply seven critical cast aero-engine components. These components, fabricated from titanium and superalloys, are destined for CFM's advanced LEAP-1A and LEAP-1B engines. This significant contract marks a milestone for ATL, establishing them as the sole Indian company providing such specialized cast components to a leading global aircraft engine manufacturer.
The order's scope includes components for both the LEAP-1A and LEAP-1B engines, underscoring ATL's proficiency in manufacturing intricate, high-quality parts for next-generation aero engines. The LEAP engine series, celebrated for its operational efficiency and reduced environmental impact, aligns with the aviation industry's sustainability objectives. With over 370 LEAP-powered aircraft currently operating in India and more than 2,000 LEAP engines on order for Indian airlines, this collaboration reinforces Safran's commitment to strengthening its partnerships with key Indian suppliers to meet the escalating demand for aero-engine components.
Safran Aircraft Engines' decision to increase sourcing from India reflects its strategic aim to bolster the country's aerospace manufacturing ecosystem. By deepening collaborations with Indian suppliers like Aerolloy Technologies, Safran is enhancing LEAP engine production capabilities within India. This initiative not only supports the long-term expansion of the domestic aviation sector but also solidifies Safran's position within the global aerospace supply chain.
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About the Company
PTC Industries Limited, with over six decades of experience in precision metal component manufacturing, is significantly expanding its aerospace capabilities through its subsidiary, Aerolloy Technologies Limited. Focused on producing and exporting titanium and superalloy castings for aerospace and defence, the company is investing heavily in a new, state-of-the-art, vertically integrated manufacturing facility within the Uttar Pradesh Defence Industrial Corridor in Lucknow. This multi-million-dollar project will establish a comprehensive production line, including a titanium and superalloy mill, to produce aerospace-grade ingots, billets, bars, plates, and sheets, thereby enhancing India's self-reliance in these critical and strategic materials.
The company has a market cap of over Rs 22,000 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 the net profit increased by 33 per cent to Rs 36.45 crore in 9MFY25 compared to 9MFY24.
As of December 2024, DIIs bought 2,33,222 shares and increased their stake to 6.49 per cent compared to September 2024 and Mukul Agrawal owns 1,60,000 shares or a 1.07 per cent stake compared to December 2024. The stock gave multibagger returns of 106 per cent in just 1 year, 750 per cent in 3 years and a whopping 14,275 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.