Pitti Engineering Limited (PITTIENG) - Net Assets

Latest as of March 2026: Rs9.87 Billion INR ≈ $106.73 Million USD

Based on the latest financial reports, Pitti Engineering Limited (PITTIENG) has net assets worth Rs9.87 Billion INR (≈ $106.73 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs21.38 Billion ≈ $231.19 Million USD) and total liabilities (Rs11.51 Billion ≈ $124.46 Million USD). 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. Check PITTIENG strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs9.87 Billion
% of Total Assets	46.16%
Annual Growth Rate	19.07%
5-Year Change	247.6%
10-Year Change	771.52%
Growth Volatility	27.2

Pitti Engineering Limited - Net Assets Trend (2006–2026)

This chart illustrates how Pitti Engineering Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PITTIENG stock market capitalisation.

Annual Net Assets for Pitti Engineering Limited (2006–2026)

The table below shows the annual net assets of Pitti Engineering Limited from 2006 to 2026. Also explore PITTIENG year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs9.87 Billion ≈ $106.73 Million	+9.82%
2025-03-31	Rs8.99 Billion ≈ $97.19 Million	+115.91%
2024-03-31	Rs4.16 Billion ≈ $45.01 Million	+24.60%
2023-03-31	Rs3.34 Billion ≈ $36.12 Million	+17.65%
2022-03-31	Rs2.84 Billion ≈ $30.70 Million	+20.41%
2021-03-31	Rs2.36 Billion ≈ $25.50 Million	+13.47%
2020-03-31	Rs2.08 Billion ≈ $22.47 Million	+18.09%
2019-03-31	Rs1.76 Billion ≈ $19.03 Million	+13.85%
2018-03-31	Rs1.55 Billion ≈ $16.72 Million	+36.49%
2017-03-31	Rs1.13 Billion ≈ $12.25 Million	+5.88%
2016-03-31	Rs1.07 Billion ≈ $11.57 Million	-8.78%
2015-03-31	Rs1.17 Billion ≈ $12.68 Million	+5.09%
2014-03-31	Rs1.12 Billion ≈ $12.07 Million	+2.41%
2013-03-31	Rs1.09 Billion ≈ $11.78 Million	+8.22%
2012-03-31	Rs1.01 Billion ≈ $10.89 Million	+50.04%
2011-03-31	Rs670.91 Million ≈ $7.26 Million	+12.38%
2010-03-31	Rs597.02 Million ≈ $6.46 Million	+0.49%
2009-03-31	Rs594.11 Million ≈ $6.43 Million	+9.22%
2008-03-31	Rs543.95 Million ≈ $5.88 Million	+10.52%
2007-03-31	Rs492.18 Million ≈ $5.32 Million	+63.64%
2006-03-31	Rs300.76 Million ≈ $3.25 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs188.31 Million	1.91%
Other Components	Rs9.68 Billion	98.09%
Total Equity	Rs9.87 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
Hi-Trend Tech(Shanghai)Co Ltd SHG:688391	$433.17 Million
Renxin New Material Co. Ltd. A SHE:301395	$433.19 Million
CMS Info Systems Limited NSE:CMSINFO	$433.48 Million
Shenzhen Hifuture Electric SHE:002168	$433.75 Million
Lets Holding Group Co Ltd SHE:002398	$433.09 Million
Rieter Holding AG SW:RIEN	$433.04 Million
Stor-Age Property REIT Ltd JSE:SSS	$433.03 Million
Doright Co.Ltd. SHE:300950	$433.02 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 2025 to 2026, total equity changed from 8,986,550,000 to 9,868,995,000, a change of 882,445,000 (9.8%).
Net income of 1,178,075,000 contributed positively to equity growth.
Dividend payments of 56,480,000 reduced retained earnings.
Share repurchases of 331,067,000 reduced equity.
Other comprehensive income decreased equity by 1,221,560,000.
Other factors increased equity by 1,313,477,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs1.18 Billion	+11.94%
Dividends Paid	Rs56.48 Million	-0.57%
Share Repurchases	Rs331.07 Million	-3.35%
Other Comprehensive Income	Rs-1.22 Billion	-12.38%
Other Changes	Rs1.31 Billion	+13.31%
Total Change	Rs-	9.82%

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: 4.08x
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 57.92x to 4.08x 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	Rs18.73	Rs1084.90	x
2007-03-31	Rs26.97	Rs1084.90	x
2008-03-31	Rs28.80	Rs1084.90	x
2009-03-31	Rs31.45	Rs1084.90	x
2010-03-31	Rs31.62	Rs1084.90	x
2011-03-31	Rs35.53	Rs1084.90	x
2012-03-31	Rs42.92	Rs1084.90	x
2013-03-31	Rs40.37	Rs1084.90	x
2014-03-31	Rs41.35	Rs1084.90	x
2015-03-31	Rs43.45	Rs1084.90	x
2016-03-31	Rs39.64	Rs1084.90	x
2017-03-31	Rs41.97	Rs1084.90	x
2018-03-31	Rs56.54	Rs1084.90	x
2019-03-31	Rs58.99	Rs1084.90	x
2020-03-31	Rs65.88	Rs1084.90	x
2021-03-31	Rs73.57	Rs1084.90	x
2022-03-31	Rs88.59	Rs1084.90	x
2023-03-31	Rs104.22	Rs1084.90	x
2024-03-31	Rs129.87	Rs1084.90	x
2025-03-31	Rs244.86	Rs1084.90	x
2026-03-31	Rs266.15	Rs1084.90	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): 11.94%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.16%
• Asset Turnover: 0.89x
• Equity Multiplier: 2.17x
Recent ROE (11.94%) is above the historical average (11.52%), 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	Rs35.83 Million
2007	20.63%	6.88%	1.23x	2.43x	Rs52.30 Million
2008	12.07%	3.89%	1.02x	3.04x	Rs11.27 Million
2009	10.30%	2.37%	1.24x	3.52x	Rs1.80 Million
2010	0.49%	0.20%	0.70x	3.44x	Rs-56.79 Million
2011	12.65%	3.37%	1.01x	3.72x	Rs17.77 Million
2012	22.27%	5.55%	1.13x	3.55x	Rs123.54 Million
2013	9.04%	3.20%	0.95x	2.96x	Rs-10.47 Million
2014	3.77%	1.70%	0.80x	2.77x	Rs-69.52 Million
2015	7.95%	2.73%	0.93x	3.14x	Rs-24.00 Million
2016	-8.94%	-3.07%	0.86x	3.38x	Rs-202.53 Million
2017	5.55%	2.20%	0.68x	3.73x	Rs-50.40 Million
2018	7.30%	2.99%	0.69x	3.55x	Rs-41.77 Million
2019	13.48%	3.86%	1.05x	3.32x	Rs61.23 Million
2020	8.23%	3.30%	0.87x	2.87x	Rs-36.85 Million
2021	12.20%	5.63%	0.73x	2.97x	Rs51.77 Million
2022	18.27%	5.46%	0.99x	3.37x	Rs234.78 Million
2023	17.61%	5.35%	1.12x	2.93x	Rs254.31 Million
2024	21.67%	7.51%	0.90x	3.20x	Rs485.69 Million
2025	13.61%	7.17%	0.85x	2.23x	Rs324.21 Million
2026	11.94%	6.16%	0.89x	2.17x	Rs191.18 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: $3,490,606,192
Average return on equity (ROE) among peers: 15.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pitti Engineering Limited (PITTIENG)	Rs9.87 Billion	21.91%	1.17x	$433.10 Million
Aeroflex Industries Limited (AEROFLEX)	$1.14 Billion	26.43%	0.88x	$769.15 Million
Alicon Castalloy Limited (ALICON)	$3.08 Billion	17.18%	1.84x	$120.88 Million
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	$10.53 Billion	19.36%	0.19x	$753.68 Million
DCM Limited (DCM)	$466.40 Million	6.20%	1.77x	$15.56 Million
DEE Development Eng Ltd (DEEDEV)	$4.12 Billion	1.99%	1.05x	$493.07 Million
D P Wires Limited (DPWIRES)	$1.52 Billion	19.14%	0.29x	$25.92 Million
Gandhi Special Tubes Limited (GANDHITUBE)	$3.16 Billion	21.64%	0.08x	$118.30 Million
Ganga Forging Limited (GANGAFORGE)	$121.05 Million	0.89%	1.58x	$2.45 Million
Gravita India Limited (GRAVITA)	$882.65 Million	17.04%	0.89x	$1.31 Billion
Happy Forgings Limited (HAPPYFORGE)	$9.88 Billion	21.12%	0.34x	$2.28 Billion

About Pitti Engineering Limited

NSE:PITTIENG India Metal Fabrication

Market Cap

$433.10 Million

Rs40.05 Billion INR

Market Cap Rank

#13139 Global

#647 in India

Share Price

Rs1084.90

Change (1 day)

-1.83%

52-Week Range

Rs685.05 - Rs1129.65

All Time High

Rs1459.50