Established in 1999 through a strategic collaboration between the Government of India and prominent power sector entities, PTC India Limited stands as a pivotal player in the power trading domain. With strong backing from esteemed organizations such as Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC), and NHPC Limited (NHPC), PTC India has emerged as a cornerstone in the energy sector.
In this article, we delve into a comprehensive exploration of the company, shedding light on its origins, objectives, and significant contributions to the dynamic landscape of power trading.
About PTC India
PTC India Limited, established in 1999 as a collaborative effort between the Government of India and key power sector entities, has evolved into a dynamic player in the energy landscape. The company’s business segments encompass Power Trading, Renewable Energy, Advisory Services, and Investments, facilitated primarily through its subsidiaries. Notably, its revenue distribution reflects a strategic focus, with 94% attributed to the Power segment in FY21. The business mix reveals a diversified approach, with 41% in the long term, 37% in the short term (Power Exchange), and significant market shares in various segments. PTC India’s geographical presence extends to 96% within India and 4% outside, showcasing a robust national footprint.
With subsidiaries like PTC India Financial Services Limited (PFSL) and PTC Energy Limited (PEL), the company engages in diverse energy endeavors, holding wind assets of 288.8 MW. Pioneering the Electricity Trading concept in 2002, PTC India boasts a market leadership position, commanding over 40% market share and facilitating cross-border trade. The recent stake sale in Chenab Valley Power Projects Private Limited underscores its strategic portfolio adjustments, aligning with its vision for sustained growth and innovation.
PTC India Q3 Result Summary and Key Points
- Q3 FY23: PTC India’s net profit falls 7% to Rs 97.04 crore due to higher expenses.
- Total income increases to Rs 3,483.93 crore, with expenses surging to Rs 3,353.09 crore.
- Subdued Q3 trading volumes attributed to lower cross-border volumes from Bhutan.
- CMD Rajib K Mishra notes a 5% rise in trading volumes in the first nine months of FY24.
- Provision made for resolving a customer issue, causing a temporary dip in surcharge income.
- Emphasis on evaluating Rebate Income and Surcharge Income annually.
- Confidence in subsidiary companies’ financial outcomes and PFS’s strategic transformation.
- Hindustan Power Exchange (HPX) progresses, but consolidated EPS decreases to Rs 2.68 in Q3 FY24.
- Company remains committed to addressing challenges and pursuing growth opportunities.
How to Purchase PTC India?
Below are the trading platforms that you can use to purchase PTC India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2024 | 206.80 | 179.83 |
| March 2024 | 211.02 | 183.50 |
| April 2024 | 204.87 | 178.15 |
| May 2024 | 201.85 | 175.52 |
| June 2024 | 209.11 | 181.84 |
| July 2024 | 207.02 | 180.02 |
| August 2024 | 215.30 | 187.22 |
| September 2024 | 223.91 | 194.71 |
| October 2024 | 219.52 | 190.89 |
| November 2024 | 226.11 | 196.62 |
| December 2024 | 231.76 | 201.53 |
In February 2024, PTC India is expected to experience a maximum price of 206.80 and a minimum price of 179.83. As the months progress, March anticipates a maximum of 211.02 and a minimum of 183.50 for PTC India. PTC India’s maximum and minimum prices in December 2024 are forecasted to reach 231.76 and 201.53, respectively.
| When | Maximum Price | Minimum Price |
| January 2025 | 256.99 | 197.69 |
| February 2025 | 263.58 | 202.76 |
| March 2025 | 273.86 | 210.66 |
| April 2025 | 268.49 | 206.53 |
| May 2025 | 260.67 | 200.52 |
| June 2025 | 272.40 | 209.54 |
| July 2025 | 267.06 | 205.43 |
| August 2025 | 275.32 | 211.79 |
| September 2025 | 284.96 | 219.20 |
| October 2025 | 292.37 | 224.90 |
| November 2025 | 299.68 | 230.52 |
| December 2025 | 307.17 | 236.28 |
In the outlook for 2025, PTC India’s share price demonstrates a promising trajectory, with anticipated highs ranging from ₹256.99 to ₹307.17 by December. This forecast suggests a consistent upward trend throughout the year, reflecting positive market sentiments. Meanwhile, the company’s proactive involvement in power procurement, as evidenced by its successful bid for 142 MW of hydropower in FY21, showcases strategic initiatives.
Additionally, PTC’s role as the Nodal Agency for the 720 MW Mangdechhu Hydroelectric Project in Bhutan, with successful project completion and power supply in FY21, underscores its effective project management capabilities. As the market envisions a bullish trend for PTC India, these developments complement the company’s growth strategy for 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 316.38 | 243.37 |
| February 2026 | 324.49 | 249.61 |
| March 2026 | 337.15 | 259.35 |
| April 2026 | 330.54 | 254.26 |
| May 2026 | 320.91 | 246.86 |
| June 2026 | 335.35 | 257.96 |
| July 2026 | 328.78 | 252.91 |
| August 2026 | 338.95 | 260.73 |
| September 2026 | 350.81 | 269.85 |
| October 2026 | 359.93 | 276.87 |
| November 2026 | 368.93 | 283.79 |
| December 2026 | 378.15 | 290.89 |
In the prospective trajectory for 2026, PTC India’s share price anticipates substantial growth, with projected highs ranging from ₹316.38 to ₹378.15 by December. This forecast signifies a sustained upward momentum, reflecting positive market expectations for the company’s performance.
The outlook aligns with an optimistic market sentiment, indicating investor confidence in PTC India’s strategic initiatives. Moreover, the company’s execution of a Corporate Guarantee for ₹100 Cr. in favor of its subsidiary, PTC Energy Limited (PEL), in June 2021, underscores its commitment to supporting subsidiary ventures and fostering overall financial resilience. As PTC India charts its course for 2026, these financial measures contribute to a comprehensive evaluation of its market position.
| When | Maximum Price | Minimum Price |
| January 2027 | 385.71 | 296.70 |
| February 2027 | 395.60 | 304.31 |
| March 2027 | 411.03 | 316.18 |
| April 2027 | 402.97 | 309.98 |
| May 2027 | 391.24 | 300.95 |
| June 2027 | 408.84 | 314.49 |
| July 2027 | 400.83 | 308.33 |
| August 2027 | 413.22 | 317.86 |
| September 2027 | 427.68 | 328.99 |
| October 2027 | 438.80 | 337.54 |
| November 2027 | 449.77 | 345.98 |
| December 2027 | 461.02 | 354.63 |
In the outlook for 2027, PTC India’s share price targets exhibit a robust growth potential, with projected highs ranging from ₹385.71 to ₹461.02 by December. This forecast underscores a consistent upward trajectory, reflecting positive market sentiments and confidence in the company’s strategic vision.
Moreover, PTC India’s initiatives to obtain a license for an electronic exchange platform in collaboration with ICICI Bank and the Bombay Stock Exchange showcase its commitment to technological advancements.
Additionally, its role as the aggregator for the Ministry of Power’s Phase-II pilot scheme for stressed assets’ resolution further solidifies its pivotal position in the energy sector. As PTC India navigates 2027, these strategic moves contribute to its evolving role in the dynamic energy market.
| When | Maximum Price | Minimum Price |
| January 2028 | 470.24 | 361.72 |
| February 2028 | 482.30 | 371.00 |
| March 2028 | 501.11 | 385.47 |
| April 2028 | 491.28 | 377.91 |
| May 2028 | 476.97 | 366.90 |
| June 2028 | 498.44 | 383.41 |
| July 2028 | 488.66 | 375.89 |
| August 2028 | 503.78 | 387.52 |
| September 2028 | 521.41 | 401.08 |
| October 2028 | 534.96 | 411.51 |
| November 2028 | 548.34 | 421.80 |
| December 2028 | 562.05 | 432.34 |
- January 2028: ₹361.72 (Minimum)
- December 2028: ₹562.05 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 573.29 | 440.99 |
| February 2029 | 587.99 | 452.30 |
| March 2029 | 610.92 | 469.94 |
| April 2029 | 598.94 | 460.72 |
| May 2029 | 581.49 | 447.30 |
| June 2029 | 607.66 | 467.43 |
| July 2029 | 595.75 | 458.27 |
| August 2029 | 614.17 | 472.44 |
| September 2029 | 635.67 | 488.98 |
| October 2029 | 652.20 | 501.69 |
| November 2029 | 668.50 | 514.23 |
| December 2029 | 685.21 | 527.09 |
- January 2029: ₹440.99 (Minimum)
- December 2029: ₹685.21 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 698.92 | 537.63 |
| February 2030 | 716.84 | 551.41 |
| March 2030 | 744.80 | 572.92 |
| April 2030 | 730.19 | 561.69 |
| May 2030 | 708.92 | 545.33 |
| June 2030 | 740.83 | 569.87 |
| July 2030 | 726.30 | 558.69 |
| August 2030 | 748.76 | 575.97 |
| September 2030 | 774.97 | 596.13 |
| October 2030 | 795.12 | 611.63 |
| November 2030 | 815.00 | 626.92 |
| December 2030 | 835.37 | 642.59 |
- January 2030: ₹537.63 (Minimum)
- December 2030: ₹835.37 (Maximum)
PTC India Financial Condition: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 (TTM) | |
|---|---|---|---|---|---|
| Sales | 15,155 | 18,101 | 18,346 | 16,856 | 15,971 |
| Expenses | 13,201 | 16,275 | 16,649 | 15,276 | 14,616 |
| Operating Profit | 1,954 | 1,826 | 1,697 | 1,580 | 1,355 |
| OPM % | 13% | 10% | 9% | 9% | 8% |
| Other Income | 130 | 23 | 8 | 23 | 32 |
| Interest | 1,243 | 1,159 | 926 | 757 | 605 |
| Depreciation | 97 | 100 | 100 | 101 | 102 |
| Profit Before Tax | 744 | 589 | 679 | 745 | 680 |
| Tax % | 34% | 31% | 33% | 26% | 25% |
| Net Profit | 490 | 406 | 458 | 552 | 507 |
| EPS (Rs) | 14.37 | 12.42 | 15.16 | 17.10 | 15.05 |
| Dividend Payout % | 28% | 44% | 49% | 46% | 52% |
- PTC India has demonstrated resilience in its financial performance over the past five years, with stable operating profit margins ranging from 8% to 13%.
- Despite a marginal decline in sales from 2019 to 2023, the company has maintained a steadfast commitment to shareholder returns, reflected in an increasing dividend payout percentage, reaching 52% in the trailing twelve months (TTM).
- Compounded sales growth has shown positivity, registering an impressive 8% in the TTM period, while compounded profit growth stands at a commendable 17% during the same timeframe.
- PTC India’s stock price has experienced remarkable growth, with a notable Compound Annual Growth Rate (CAGR) of 116% in the last year, indicating strong investor confidence.
- Return on Equity (ROE) has remained consistently solid, ranging from 9% to 10% over the past decade, highlighting the company’s effective utilization of shareholder equity and sustained financial health.
FAQs
What is PTC India’s current market capitalization?
PTC India presently boasts a market capitalization of ₹5,797 crore.
As of February 21, 2024, PTC India’s shares are valued at ₹196.
What is PTC India’s current Price-to-Earnings (PE) ratio?
The current PE ratio for PTC India stands at 11.6.
What is PTC India’s dividend payout percentage for the last fiscal year?
PTC India exhibited a dividend payout percentage of 52% in the last fiscal year.
Anticipated for 2025, PTC India’s share price is expected to range from ₹197.69 to ₹307.17.
The minimum share price target for 2030 is in January at 537.63, and the maximum share price target is in December at 835.37 for 2030.
What is the Return on Equity (ROE) for PTC India in the last fiscal year?
PTC India achieved a solid ROE of 9.03% in the last fiscal year.
PTC India is the market leader, commanding over 40% of the power trading market.
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Conclusion
PTC India Limited, formed in 1999 through collaboration with the Indian government and key power sector entities, plays a pivotal role in the power trading domain. Backed by influential organizations like PGCIL, NTPC, PFC, and NHPC, PTC India has diversified its business segments to include power trading, renewable energy, advisory services, and investments. While facing a temporary setback in Q3 FY23 net profit due to increased expenses and subdued trading volumes, the company’s overall financial stability and strategic vision for sustained growth remain evident. PTC India’s commitment to shareholder returns, technological advancements, and market leadership in power trading positions it favorably for future contributions to the evolving energy sector.
What did we learn?
- 1 About PTC India
- 2 PTC India Q3 Result Summary and Key Points
- 3 How to Purchase PTC India?
- 4 PTC India Share Price Target 2024 To 2030
- 5 PTC India Financial Condition: Last 5 Years
- 6 FAQs
- 6.1 What is PTC India’s current market capitalization?
- 6.2 What is the current share price of PTC India?
- 6.3 What is PTC India’s current Price-to-Earnings (PE) ratio?
- 6.4 What is PTC India’s dividend payout percentage for the last fiscal year?
- 6.5 What is the forecasted 2025 share price target range for PTC India?
- 6.6 What is the projected share price target for PTC India in 2030?
- 6.7 What is the Return on Equity (ROE) for PTC India in the last fiscal year?
- 6.8 What is PTC India’s market share in the power trading market?
- 7 Conclusion
