Pitti Engineering Limited
Pitti Engineering Limited manufactures and sells iron and steel engineering products in India and internationally. The company manufactures electrical steel laminations, stator and motor cores, sub-assemblies for motor and generator cores, pole assemblies, die-cast rotors, high precision press tools, and machined casted and fabricated parts and forged shafts. Its products are used in hydro and th… Read more
Pitti Engineering Limited (PITTIENG) - Net Assets
Latest net assets as of September 2025: ₹9.40 Billion INR
Based on the latest financial reports, Pitti Engineering Limited (PITTIENG) has net assets worth ₹9.40 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹21.43 Billion) and total liabilities (₹12.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹9.40 Billion |
| % of Total Assets | 43.86% |
| Annual Growth Rate | 19.58% |
| 5-Year Change | 281.12% |
| 10-Year Change | 740.22% |
| Growth Volatility | 27.77 |
Pitti Engineering Limited - Net Assets Trend (2006–2025)
This chart illustrates how Pitti Engineering Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pitti Engineering Limited (2006–2025)
The table below shows the annual net assets of Pitti Engineering Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹8.99 Billion | +115.91% |
| 2024-03-31 | ₹4.16 Billion | +24.60% |
| 2023-03-31 | ₹3.34 Billion | +17.65% |
| 2022-03-31 | ₹2.84 Billion | +20.41% |
| 2021-03-31 | ₹2.36 Billion | +13.47% |
| 2020-03-31 | ₹2.08 Billion | +18.09% |
| 2019-03-31 | ₹1.76 Billion | +13.85% |
| 2018-03-31 | ₹1.55 Billion | +36.49% |
| 2017-03-31 | ₹1.13 Billion | +5.88% |
| 2016-03-31 | ₹1.07 Billion | -8.78% |
| 2015-03-31 | ₹1.17 Billion | +5.09% |
| 2014-03-31 | ₹1.12 Billion | +2.41% |
| 2013-03-31 | ₹1.09 Billion | +8.22% |
| 2012-03-31 | ₹1.01 Billion | +50.04% |
| 2011-03-31 | ₹670.91 Million | +12.38% |
| 2010-03-31 | ₹597.02 Million | +0.49% |
| 2009-03-31 | ₹594.11 Million | +9.22% |
| 2008-03-31 | ₹543.95 Million | +10.52% |
| 2007-03-31 | ₹492.18 Million | +63.64% |
| 2006-03-31 | ₹300.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pitti Engineering Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 369520000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.70 Billion | 41.12% |
| Common Stock | ₹188.31 Million | 2.10% |
| Other Comprehensive Income | ₹1.22 Billion | 13.59% |
| Other Components | ₹3.88 Billion | 43.19% |
| Total Equity | ₹8.99 Billion | 100.00% |
Pitti Engineering Limited Competitors by Market Cap
The table below lists competitors of Pitti Engineering Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hong Kong Television Network Ltd
PINK:HKTVY
|
$142.40 Million |
|
Jash Engineering Limited
NSE:JASH
|
$142.41 Million |
|
BEISEN HLDG LTD
F:U8V
|
$142.46 Million |
|
Feedback Technology
TWO:8091
|
$142.49 Million |
|
STP&I Public Company Limited
BK:STPI
|
$142.29 Million |
|
Greystone Housing Impact Investors LP
NYSE:GHI
|
$142.27 Million |
|
Inner Mongolia Xinhua Distribution Group Co.Ltd.
SHG:603230
|
$142.26 Million |
|
Shaoxing Xingxin New Material
SHE:001358
|
$142.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pitti Engineering Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,162,240,000 to 8,986,550,000, a change of 4,824,310,000 (115.9%).
- Net income of 1,222,863,000 contributed positively to equity growth.
- Dividend payments of 52,917,000 reduced retained earnings.
- Share repurchases of 399,814,000 reduced equity.
- New share issuances of 3,468,589,000 increased equity.
- Other comprehensive income increased equity by 1,192,963,000.
- Other factors decreased equity by 607,374,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.22 Billion | +13.61% |
| Dividends Paid | ₹52.92 Million | -0.59% |
| Share Repurchases | ₹399.81 Million | -4.45% |
| Share Issuances | ₹3.47 Billion | +38.6% |
| Other Comprehensive Income | ₹1.19 Billion | +13.27% |
| Other Changes | ₹-607.37 Million | -6.76% |
| Total Change | ₹- | 115.91% |
Book Value vs Market Value Analysis
This analysis compares Pitti Engineering Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.16x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 41.29x to 3.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹18.73 | ₹773.40 | x |
| 2007-03-31 | ₹26.97 | ₹773.40 | x |
| 2008-03-31 | ₹28.80 | ₹773.40 | x |
| 2009-03-31 | ₹31.45 | ₹773.40 | x |
| 2010-03-31 | ₹31.62 | ₹773.40 | x |
| 2011-03-31 | ₹35.53 | ₹773.40 | x |
| 2012-03-31 | ₹42.92 | ₹773.40 | x |
| 2013-03-31 | ₹40.37 | ₹773.40 | x |
| 2014-03-31 | ₹41.35 | ₹773.40 | x |
| 2015-03-31 | ₹43.45 | ₹773.40 | x |
| 2016-03-31 | ₹39.64 | ₹773.40 | x |
| 2017-03-31 | ₹41.97 | ₹773.40 | x |
| 2018-03-31 | ₹56.54 | ₹773.40 | x |
| 2019-03-31 | ₹58.99 | ₹773.40 | x |
| 2020-03-31 | ₹65.88 | ₹773.40 | x |
| 2021-03-31 | ₹73.57 | ₹773.40 | x |
| 2022-03-31 | ₹88.59 | ₹773.40 | x |
| 2023-03-31 | ₹104.22 | ₹773.40 | x |
| 2024-03-31 | ₹129.87 | ₹773.40 | x |
| 2025-03-31 | ₹244.86 | ₹773.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pitti Engineering Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.17%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.23x
- Recent ROE (13.61%) is above the historical average (11.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 21.91% | 7.80% | 1.10x | 2.56x | ₹35.83 Million |
| 2007 | 20.63% | 6.88% | 1.23x | 2.43x | ₹52.30 Million |
| 2008 | 12.07% | 3.89% | 1.02x | 3.04x | ₹11.27 Million |
| 2009 | 10.30% | 2.37% | 1.24x | 3.52x | ₹1.80 Million |
| 2010 | 0.49% | 0.20% | 0.70x | 3.44x | ₹-56.79 Million |
| 2011 | 12.65% | 3.37% | 1.01x | 3.72x | ₹17.77 Million |
| 2012 | 22.27% | 5.55% | 1.13x | 3.55x | ₹123.54 Million |
| 2013 | 9.04% | 3.20% | 0.95x | 2.96x | ₹-10.47 Million |
| 2014 | 3.77% | 1.70% | 0.80x | 2.77x | ₹-69.52 Million |
| 2015 | 7.95% | 2.73% | 0.93x | 3.14x | ₹-24.00 Million |
| 2016 | -8.94% | -3.07% | 0.86x | 3.38x | ₹-202.53 Million |
| 2017 | 5.55% | 2.20% | 0.68x | 3.73x | ₹-50.40 Million |
| 2018 | 7.30% | 2.99% | 0.69x | 3.55x | ₹-41.77 Million |
| 2019 | 13.48% | 3.86% | 1.05x | 3.32x | ₹61.23 Million |
| 2020 | 8.23% | 3.30% | 0.87x | 2.87x | ₹-36.85 Million |
| 2021 | 12.20% | 5.63% | 0.73x | 2.97x | ₹51.77 Million |
| 2022 | 18.27% | 5.46% | 0.99x | 3.37x | ₹234.78 Million |
| 2023 | 17.61% | 5.35% | 1.12x | 2.93x | ₹254.31 Million |
| 2024 | 21.67% | 7.51% | 0.90x | 3.20x | ₹485.69 Million |
| 2025 | 13.61% | 7.17% | 0.85x | 2.23x | ₹324.21 Million |
Industry Comparison
This section compares Pitti Engineering Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,316,030,916
- Average return on equity (ROE) among peers: 15.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pitti Engineering Limited (PITTIENG) | ₹9.40 Billion | 21.91% | 1.28x | $142.30 Million |
| Aeroflex Industries Limited (AEROFLEX) | $477.26 Million | 14.85% | 2.21x | $117.91 Million |
| Alicon Castalloy Limited (ALICON) | $771.45 Million | 18.69% | 2.90x | $35.46 Million |
| BELL AGROMACHINA ORD T (BSE) (BALUFORGE) | $1.59 Billion | 18.81% | 0.79x | $157.21 Million |
| DCM Limited (DCM) | $2.25 Billion | -1.93% | 2.18x | $4.01 Million |
| DEE Development Eng Ltd (DEEDEV) | $4.12 Billion | 1.99% | 1.05x | $73.80 Million |
| D P Wires Limited (DPWIRES) | $1.52 Billion | 19.14% | 0.29x | $5.42 Million |
| Gandhi Special Tubes Limited (GANDHITUBE) | $490.87 Million | 32.88% | 0.19x | $42.31 Million |
| Ganga Forging Limited (GANGAFORGE) | $27.26 Million | 22.28% | 2.96x | $2.77 Million |
| Gravita India Limited (GRAVITA) | $2.04 Billion | 7.59% | 1.81x | $498.10 Million |
| Happy Forgings Limited (HAPPYFORGE) | $9.88 Billion | 21.12% | 0.34x | $301.15 Million |