PTC Industries Ltd(PTCIL)

NSE: PTCILBSE: 539006

₹ 23,412.85-5.45%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 35,102 crWebsite: www.ptcil.comUpdated: 24 Oct 2026

About

PTC Industries Limited, founded in 1963 and in its 63rd year, manufactures investment castings, titanium and superalloy primary metals, open-die forgings, and precision-machined components for aerospace, defence, space, energy, marine and industrial applications. The group reported consolidated revenue of ₹602.78 Cr and PAT of ₹101.56 Cr in FY26, with manufacturing presence in India and the United Kingdom through subsidiary Trac Precision Solutions. Its subsidiary Aerolloy Technologies operates India's first aerospace-grade titanium melting capacity, placing PTC among only two companies globally able to produce large investment castings in both titanium alloys and superalloys.^[1][2][3]

Business segments

PTC operates in a single reportable segment: manufacturing and selling of metal components for critical and super-critical applications, spanning aerospace, defence, space, energy, marine and industrial end-markets.^[1]
The group has three operating entities: PTC Industries (standalone castings and forgings, India), Aerolloy Technologies Ltd (ATL, strategic materials and large aerospace castings, India), and Trac Precision Solutions (precision machining, UK).^[1]
About 59% of standalone revenue is earned outside India, principally in the EU, UK and US; consolidated export share is higher due to Trac Precision Solutions.^[1]

Products and technologies

Product portfolio spans investment castings, titanium and superalloy ingots and billets, open-die forgings, and precision-machined components.^[1]
Proprietary casting and process technologies branded as RepliCast®, RapidCast™, ForgeCAST™, PrintCast™, and TiCast; GreenTitanium™ - a recycled-titanium route - is being prepared for launch.^[1]
65% of raw material input is recycled or reused; the EBCHR furnace under commissioning will produce ingot from recycled titanium scrap, avoiding an estimated 27 tonnes of CO₂ per tonne of titanium versus primary production.^[1]
Key inputs are titanium sponge, nickel and cobalt master alloys, and ceramic and refractory materials; supply is being secured through an MoU with AMIC TOHO Titanium Metal Company (Saudi Arabia) and a proposed sponge facility in Odisha.^[1]

Operations and capacity

The Strategic Materials Technology Complex (SMTC) in the UP Defence Industrial Corridor, Lucknow, houses VAR, VIM and PAM melting, a 4,500/5,100-tonne Intelligent Open Die Forging System, and EBCHR under commissioning.^[1]
The Advanced Manufacturing and Technology Centre (AMTC) at Sarai Sahjadi, Bani, Lucknow, Uttar Pradesh, manufactures high-integrity investment castings for industrial and defence applications.^[1]
The Mehsana plant in Rajpur, Taluka Kadi, District Mehsana, Gujarat, is the industrial castings hub serving oil and gas, LNG, marine, petrochemical, energy, pulp and paper, and process industries.^[1]
The Mehsana facility is adding 50,000+ sq ft of new shop floor with robotic and automated fettling systems to expand machining and casting capacity.^[4]
As at 31 March 2026, PTC Industries standalone had 575 permanent employees and workers including 43 trainees; the consolidated group had 720 permanent employees including 145 trainees.^[1]

Key operating numbers

Consolidated total income reached ₹197.1 Cr in Q1 FY27 vs ₹107.7 Cr in Q1 FY26, a YoY increase of 83%, driven by ATL momentum and Trac Precision contribution.^[5]
Consolidated EBITDA margin expanded to 27.5% in Q1 FY27 from 18.0% in Q1 FY26 (+954 bps YoY), reflecting operating leverage at Aerolloy Technologies.^[5]
ATL segment EBITDA margin reached 45.0% in Q1 FY27 on total income of ₹74.3 Cr (+466.4% YoY).^[5]
Trac Precision Solutions contributed ₹71.4 Cr total income and ₹6.1 Cr EBITDA in Q1 FY27, turning to positive EBITDA after prior-period losses.^[5]
Consolidated net worth increased 8.69% YoY to ₹1,507.11 Cr at FY26 year-end; consolidated debt-equity stood at 0.17 times with borrowings of ₹261.34 Cr.^[1]

Customers and accreditations

Key named customers include Safran Aircraft Engines, Honeywell Aerospace Technologies, BrahMos Aerospace, ISRO-VSSC, GTRE (DRDO), Blue Origin, BAE Systems, Dassault Aviation, Israel Aerospace Industries, Elbit Systems, Siemens Energy, Kongsberg, Westad and Airbus.^[1]
The Company holds Nadcap accreditations for heat treating, non-destructive testing, welding and chemical processing, multi-site AS9100 and EN 9100 certifications, and ISO 9001, 14001, 45001 and 27001 certifications.^[1]
The Company holds Green Channel Status from the Directorate General of Quality Assurance, and was honoured by Hindustan Aeronautics Limited as a Significant Contributor for critical aerospace components in titanium and superalloys.^[1][6]

Order book and new orders

Safran Aircraft Engines signed a purchase agreement for seven cast components for the LEAP-1A and LEAP-1B, described as the first such contract for an Indian company (FY26).^[1]
BrahMos Aerospace placed a ₹110 Cr purchase order for critical titanium castings to be executed over 24 months under the Aatmanirbhar Bharat initiative (Q2 FY26).^[3]
GTRE (DRDO) issued a PO for post-cast operations to manufacture Single Crystal 'Ready-to-Fit' Turbine Blades - the first time any Indian company has been entrusted with these components (Q2 FY26).^[3]
ATL received a development and supply order from Blue Origin for large nickel-based superalloy investment castings for the BE-4 engine's LOX high- and low-pressure housings and manifolds (Q3 FY26).^[4][1]
ISRO-VSSC placed an order for 40 tonnes of Grade-1 titanium sponge converted to Ti-6Al-4V alloy ingots via Double VAR process (Q3 FY26).^[4][1]
PTC received a landmark order from BrahMos Aerospace for development, integration and supply of a strategic missile sub-system - marking entry into systems and sub-systems integration for advanced defence platforms (Q1 FY27).^[5]
PTC received a design and development order from ARDE/DRDO for a titanium cradle for the 105mm Indian Light Weight Tank, shifting from build-to-print to design-led defence component development (Q1 FY27).^[5]

Expansion and partnerships

Aerolloy Technologies signed an agreement with Airbus (August 2026, post FY26 year-end) for development, production and supply of fully machined, ready-to-fit titanium castings across the A320neo, A330neo and A350 programmes.^[1][5]
ATL signed a long-term supply agreement with Honeywell Aerospace Technologies for precision titanium and superalloy investment castings for global aerospace programs, with dedicated production capacity allocated exclusively for Honeywell (Q3 FY26).^[4]
PTC signed a landmark MoU with Safran Aircraft Engines to manufacture components and materials for military aircraft engines (Q1 FY26).^[6]
PTC signed an MoU with Bharat Dynamics Limited to form a JV for design, development and manufacture of complete propulsion systems, guided bombs and aero-engines for missiles, UAVs and loitering munitions - subject to regulatory approvals (Q2 FY26).^[3]
The VAR 400 furnace for titanium castings and VIM facility for superalloy materials were commissioned at ATL, placing PTC among only two companies globally able to manufacture large investment castings in both titanium alloys and superalloys.^[3]
The PAM furnace installation was completed at the Lucknow SMTC, enhancing operational flexibility, yield and raw material efficiency (Q3 FY26).^[4]

Market Cap

₹35,102 Cr

High / Low

₹26,050 / 14,500

Stock P/E

279.5

Price / Book

23.3

Book Value

₹1,005

EPS

₹67.7

No. of Shares

1.5 Cr

ROCE

8.4%

ROE

7.0%

OPM

21.1%

Debt / Equity

0.17

Sales

₹603 Cr

Net Profit

₹102 Cr

Promoter holding

59.7%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials