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ATS Company Reports: Ptc india
1.
2. Company Details
PTC India Limited (PTC) is engaged in the business of power and investment. The Company
operates in two segments: Power trading and Investment. The Company’s subsidiaries include
PTC India Financial Services Ltd, which is a non-banking finance institution is promoted by
PTC India Ltd (PTC) to make principal investments in, and provide financing solutions for
companies with projects across the energy value chain, and PTC Energy Ltd, which is
engaged in develop asset base taking in to its sphere the business of generation, supply,
distribution, transmission and dealing in all forms of energy including import and export of coal,
conversion of coal/ fuels in to electricity, fuel linkages and provide advisory services in energy
sector and energy efficiency.
PTC India, a Government of India initiative, is a pioneer in starting a power market in India.
The company has maintained its leadership position in power trading since inception. At
present, PTC has around 41% share of the trading market. PTC has also been authorized by
the Government of India to trade electricity with Bhutan and Nepal. PTC has maintained No. 1
position in electricity trading since sustained trading began in 2000-01. PTC today is not just
the leading power trader in the country, but also the co-promoter of 1st National Power
Exchange in the country besides diversifying into the unique role of a Complete Energy
Solutions Provider.
The current market capitalization stands at Rs 2,911.24 crore. The company has reported a
standalone sales of Rs 4,193.32 crore and a Net Profit of Rs 96.31 crore for the quarter ended
Sep 2014.
10. Recommendations
Buy PTC India Ltd. at current or lower market levels
Reasons for the recommendations are :
Sound financial position of the company.
Huge growth potential in the industry.
Under performance of the stock of the stock in the current market bull run.
Good client base include CESC and JSPL Ltd.
Governments approach towards developing power industry.
Improved QoQ performance of sales.
Zero Debt Company.
Promoter holdings in its subsidiary companies.