PTC India share price target 2024, 2025, 2030: Hello and welcome back, Today, we’re going to take a close look at PTC India’s stock by examining its finances and technical details. We’ll cover the firm’s past and upcoming deals, aiming to predict the share price by 2030.
Since 1999, PTC India Limited has been one of the major players in India’s power market, providing impeccable services and unfailing ethics. The Government of India founded it as a public-private company.
PTC India stands out in the energy marketplace thanks to its innovation and reliability in trading electricity and providing power-related solutions – long-term trading, cross-border trading, consultancy services, etc.
Some of PTC India’s promoters include Power Grid Corporation of India (PGCIL), NTPC, Power Finance Corporation (PFC) and NHPC Limited.
About PTC India Ltd stock
| About PTC India | Particulars |
|---|---|
| Company Name | PTC India Ltd. |
| Share Name | PTC |
| BSE share code | 532524 |
| Sector | Power Trading |
| Headquarters | New Delhi |
| Foundation | 1999 |
| Key Person | Rajib Kumar Mishra (Chairman and Managing Director) |
| Market Cap | 5,733 Crores INR |
| 52 Week High | Rs 203.60 |
| 52 Week Low | Rs 84.00 |
| Official Website | PTC India Ltd Website |
Shareholding of PTC India Limited
| Shareholder | Shareholding % |
|---|---|
| Promoters | 16.22 |
| Public | 83.78 |
PTC India share price target
| PTC India share price target | 1st target (INR) | 2nd target (INR) |
|---|---|---|
| PTC India share price target 2024 | 275 | 297 |
| PTC India share price target 2025 | 345 | 372 |
| PTC India share price target 2030 | 627 | 685 |
PTC India share price target 2024
For a huge project, importing Power from a 720-megawatt hydro plant in Bhutan, PTC played a key role when the Indian government picked it as the primary coordinator.
The deal was made in the financial year ’20 with Druk Green Power Corp. By August 2019, the whole project was up and running, delivering all that 720-megawatt goodness in the next financial year.
Due to these reasons, PTC stock prices skyrocketed by 128.65% over the last year, beating the sector’s growth by a hefty 69.74%.
Despite this surge, the Price to Earnings ratio is 10.84 lower than the sector’s average of 63.21, making it potentially more attractive to investors.
Mutual fund ownership increased slightly by 0.07% in the last quarter.
Talking about the negatives, a Debt-to-Equity Ratio above 1 means the Company relies more on debt than its funds to operate. Last year, their total earnings dropped by 5%, ending at 16002.51 Crores, lower than the sector’s average jump of 30.43%.
We remain optimistic about the firm’s shares as it’s finishing projects promptly and reliably securing new contracts. Considering these factors, PTC India’s share price target 2024 would be Rs 275, and the second target could be Rs 297.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹275 | ₹297 |
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PTC India share price target 2025
The firm pioneered the idea of Electricity Trading in 2002. As a founding member of India’s initial electricity exchange (IEX), they also engage in cross-border transactions with Nepal, Bhutan, and Bangladesh.
The Company stands out in the market, controlling a hefty 40% and dealing with a whopping 80 billion units of electricity in the financial year ’21. It fuels energy needs across 27 states and territories and handled 87 billion units in international trade that year. Plus, it serves over 500 big-name industrial and commercial clients.
The Company’s quarterly net profit has increased by an impressive 51.41% from last year to ₹181.38 crores, outshining the sector’s average gain of 67.59%.
Their revenue also jumped by 6.21% to ₹5224.85 crores, topping the sector’s average 4.99% increase.
Based on the points mentioned above and our financial and technical evaluation, we predict PTC India’s share price target of Rs 340 and the second target of Rs 370.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹345 | ₹372 |
PTC India share price target 2030.
PTC India recently secured a contract valued at nine crore rupees to oversee power services for the Mumbai Port Trust over the next three years. This role involves providing expert advice, managing the high- and low-tension power networks, and handling the metering and billing for electricity use at the port.
Looking ahead, PTC India has set two share price targets to reach by the close of the decade in 2030. The first PTC India share price target for 2030 is Rs 627 per share, and they’re looking to hit around Rs 685 for the second target by the time the decade wraps up.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹627 | ₹685 |
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PTC India Subsidiaries
PTC India has two subsidiaries. PTC Financial Services Ltd (PFS) provides financial support for the energy sector’s infrastructure development. At the same time, PTC Energy Ltd (PEL) specialises in renewable energy projects to demonstrate PTC India’s dedication to sustainable development and long-term success.
Agreement for Sale of Power
In the fiscal year 2021, PTC India Ltd won the three-year contract to supply the New Delhi Municipal Council with the total of 142 megawatts of hydroelectric Power they needed. The Company anticipates signing the power purchase agreement soon, with approval from the authorities and will start delivering Power in the fiscal year 2022.
Corporate Guarantee
On June 22, 2021, the Company provided a solid promise of Rs 100 Crore to back the subsidiary PTC Energy Limited’s (PEL’s) extra working capital needs from its financiers.
Investment
Putting money into shares or loaning funds to energy projects—covering production, delivery, and fuel-related structures—is the essence of this Company. In fiscal year 2021, a whopping 94% of revenue came from Power, up from 92% the year before. Direct investment dipped to 6%, down from 8%.
Business Split
Breaking down the business, we see 18% in short-term direct deals, 37% through power exchange, 4% mid-term, and 41% in long-term contracts.
Geographical Split
Regarding location, local businesses in India made up 96% in FY21, a slight increase from 94% in FY19. Overseas activity shrank slightly to 4%, down from 6%.
Conslusion
We hope you got a fair idea about the PTC India share price target 2024, 2025, 2030. While PTC India Ltd could surpass or fall short of our projected targets depending on government policies and market fluctuations; for this reason we advise conducting extensive research before investing.
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