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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Pitti Engineering Limited is an India-based company, which is engaged in the manufacture of high-precision engineering products made from iron and steel. Its product range includes electrical steel laminations, castings, die-cast rotors, sub-assemblies for motor and generator…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
Pitti Engineering is scored on the general / industrial framework. It keeps a slim 6.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.74× reported profit. Free cash flow is worth about 0.9% of its market value.
Over the last 3 years revenue compounded at 20%/yr and profit at 26%/yr. Book value itself has compounded 44%/yr — the hallmark of a genuine compounder. Return on equity is a modest 11.9%. In the latest quarter profit grew 11% versus the prior quarter.
At 29× earnings, the stock sits at the 32nd percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~13%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 27.47 | 43.72 | better |
| P/B | 3.46 | 3.04 | worse |
| EV/EBITDA | 11.61 | — | — |
| ROE | 11.94 | 8.86 | better |
| ROCE | 13.96 | 12 | better |
| ROA | 5.82 | 7.01 | worse |
| Quick Ratio | 0.79 | 1.96 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 20% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (26% vs 20%) — margin expansion is at work.
Operating margins have been stable around 9% — no major structural shift.
ROE at 12% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 6pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (26% vs 20%) — share dilution is eroding per-share value. 20% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.7× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (9% spread) — a predictable, non-seasonal revenue stream.
Profit jumped 11% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (8% → 6%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 54.2% — majority control intact. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.