Mukul Agrawal Holds 1.07 Per Cent Stake: Defence Company Completes Landmark Acquisition of Trac Precision Solutions Following UK Regulatory Approval

The stock gave multibagger returns of 113 per cent from its 52-week low, 600 per cent in 3 years and a whopping 7,500 per cent in 5 years.

On Friday, shares of PTC Industries Ltd gained 0.10 to Rs 11,811.75 per share from its previous closing of Rs 11,704.95 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 5,555.

PTC Industries Limited, a prominent player in high-precision metal components, has successfully acquired Trac Precision Solutions, a UK-based company specializing in precision-machined components for aerospace, defense, and power generation sectors. This strategic move, approved by the UK's Investment Screening Unit, aligns with PTC's vision to expand its global footprint and enhance its offerings.

Trac Precision Solutions is renowned for its cutting-edge manufacturing capabilities, focusing on the production of high-value, complex components such as turbine blades, vanes, and heat shields. These components operate in extremely harsh conditions, requiring exceptional precision and durability. Trac's expertise in advanced machining techniques, combined with its commitment to innovation and sustainability, has solidified its position as a preferred partner for global industry leaders.

The acquisition of Trac Precision Solutions is a strategic fit for PTC Industries, allowing it to offer a comprehensive solution from raw material to finished product. By integrating Trac's advanced machining capabilities with PTC's expertise in materials science and precision casting, the combined entity is poised to become a global leader in the aerospace, defense, and power generation industries. This strategic alliance will enable PTC to address the evolving needs of its customers, providing them with innovative, high-performance solutions.

About the Company

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 17,000 crore and reported stellar 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.

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 113 per cent from its 52-week low, 600 per cent in 3 years and a whopping 7,500 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.