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PTC India Limited (532524) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of PTC India Limited ₹40.67, price ₹155, upside -73.7%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Thin data
Sep 24, 2026
PTC India Limited
532524 · BSEStretched ValuationStrong overvaluation with only moderate quality.
!Fair value ₹40.67 · Strongly overvalued (−73.7%)
✓Quality 68/100
!Weak Growth (revenue 5y −0.3 %/yr)
!Thin margins · 2.0% net margin (TTM)
✓Low debt
✓4.8% dividend yield · Sustainable
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹48.51 – ₹202.01 · fair‑value band ₹29.62 – ₹51.72 · the ₹154.85 price screens above the ₹40.67 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
PTC India Limited, together with its subsidiaries, engages in the trading of power in India, Nepal, Bhutan, and Bangladesh. The company engages in long term, medium term, and short term power trading activities, as well as cross border power trading business. It serves utilities, generators, and industrial and commercial customers.
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PTC India Limited, together with its subsidiaries, engages in the trading of power in India, Nepal, Bhutan, and Bangladesh. The company engages in long term, medium term, and short term power trading activities, as well as cross border power trading business. It serves utilities, generators, and industrial and commercial customers. The company also provides fund based/non-fund based financial assistance for companies in power sector and related areas; and engages in consultancy and advisory activities. In addition, it operates 50 MW wind power projects in Madhya Pradesh; 50 MW wind power project in Karnataka; and 188.8 MW wind power projects in Andhra Pradesh. The company was formerly known as Power Trading Corporation of India Ltd. PTC India Limited was founded in 1999 and is based in New Delhi, India.
Stock analysis
PTC India Limited (532524) currently trades at ₹154.85, while our model-based Fair Value estimate is ₹40.67, 73.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹282.50 per share, and 21 of the 24 models we run sit above the ₹154.85 price.
Bear case: the Dividend Discount group reads lowest at ₹58.07, and 3 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹29.62 (bear) to ₹51.72 (bull), the price of ₹154.85 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
PTC India Limited reported revenue of ₹162B in FY2025 versus ₹183B in FY2021, a compound −3.0%/yr. Reported net income was ₹9.0B in FY2025, compounding +19.0%/yr from FY2021.
Key figures
Market cap ₹13.8B (≈ $143M) · P/E ratio 4.2 · P/S ratio 0.24 · EPS (TTM) ₹12.41 · Dividend yield 4.8% · Net margin 5.5% · Return on equity 8.2% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at −74%, 532524 screens richer than that median.
Fair Value models
Bear ₹29.62
Fair Value ₹40.67
Bull ₹51.72
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹4.91 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
₹473.91
₹603.13
₹819.90
81
Growth DCF
₹486.22
₹607.98
₹796.27
79
Owner Earnings
₹172.53
₹227.48
₹319.66
77
All 24 models by family
DCF Models
FCF DCF
₹473.91
₹603.13
₹819.90
81
Owner Earnings
₹172.53
₹227.48
₹319.66
77
5Y Revenue Exit
₹410.19
₹577.76
₹824.31
72
5Y EBITDA Exit
₹411.58
₹580.15
₹806.95
75
5Y P/E Exit
₹414.38
₹584.95
₹792.94
71
10Y Revenue Exit
₹428.96
₹549.34
₹676.93
68
10Y EBITDA Exit
₹438.23
₹550.63
₹667.94
69
10Y P/E Exit
₹439.69
₹553.22
₹660.69
65
Earnings-Based
Graham-Dodd
₹206.81
₹282.50
₹327.85
67
EPV
₹249.49
₹285.48
₹314.69
74
Dividend Discount
Gordon GGM
₹54.33
₹58.07
₹63.57
69
DDM Multi-Stage
₹54.33
₹64.17
₹75.57
67
Multiples
P/E Multiple
₹479.01
₹638.67
₹798.34
63
P/S Multiple
₹387.77
₹517.02
₹646.28
58
P/B Multiple
₹387.77
₹517.02
₹646.28
55
EV/EBIT
₹563.86
₹768.63
₹973.40
66
EV/EBITDA
₹422.38
₹580.00
₹737.61
67
EV/Revenue
₹388.00
₹575.91
₹763.81
53
Asset-Based
NCAV (Graham)
₹98.06
₹131.40
₹196.11
54
Growth DCF
Growth DCF
₹486.22
₹607.98
₹796.27
79
Rev-Margin DCF
₹410.19
₹592.41
₹822.65
72
Economic Profit
Residual Income
₹180.46
₹207.32
₹251.30
76
ROIC Compounder
₹250.16
₹292.04
₹332.49
72
Growth Earnings
Growth-Adj P/E
₹338.24
₹483.20
₹628.16
67
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Set up alert →Quality Score breakdown
Overall quality
68/100
Of which business quality 66 · Market factors (momentum, volatility) 50
Profitability
53
Margins and returns on capital today
Quality Growth
62
Are margins and returns improving?
Cashflow
84
Earnings quality: real cash, not paper profit
Fin. Strength
43
Balance sheet, leverage, solvency risk
Investment
88
Disciplined investing over empire-building
Low Volatility
71
Calm price path (market factor)
Momentum
45
Price trend over the last 3–12 months (market factor)
52W Momentum
34
Distance to the 52-week high (market factor)
Net Issuance
82
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Start year 2020 (pandemic). Over 10 years: +1.5% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)4.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.2% vs 10.8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 9%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 89% above its own trend.
532524 screens overvalued: fair value 74% below the price. Compare with NextEra Energy, Inc →
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Utilities” was too small, so the broader sector is used.)Industrials · 5298 stocks
Beats the sector median on 11/13 measures
Overall it ranks above its sector peers.
Valuation Multiplesvs Industrials median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Diversified Utilities stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $75.74 | $29.97 | −60% |
| Iberdrola, S.A IBE | €20.73 | €9.92 | −52% |
| China Yangtze Power Co 600900 | ¥28.36 | ¥31.20 | +10% |
| Enel SpA ENEL | €8.67 | €3.30 | −62% |
| The Southern Company SO | $82.89 | $57.57 | −31% |
| Constellation Energy Corporation CEG | $254.02 | $92.53 | −64% |
| Duke Energy Corporation DUK | $113.41 | $74.88 | −34% |
| Engie SA ENGI | €22.52 | €20.64 | −8% |
| SOJE SOJE | $15.82 | $15.94 | +1% |
| American Electric Power Company AEP | $118.64 | $100.03 | −16% |
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Frequently asked questions
Is PTC India Limited (532524) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹40.67 versus a price of ₹154.85, about −74% upside (overvalued).
What is the fair value of 532524?
Our model-based fair value for PTC India Limited is ₹40.67 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹154.85.
What is the quality score of 532524?
PTC India Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for PTC India Limited (532524)?
Our model-based price target is the fair value of ₹40.67 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ₹29.62, optimistic scenario ₹51.72. It is a calculation from audited fundamentals, not an analyst target.
What is the PTC India Limited stock forecast for 2026?
Our models put fair value at ₹40.67, about −74% upside versus a price of ₹154.85 (overvalued). Cautious scenario ₹29.62, optimistic scenario ₹51.72. The calculation is refreshed regularly with new filings.
What is the revenue of PTC India Limited (532524)?
PTC India Limited reported trailing-twelve-month revenue of about ₹181B (latest available figure, as of Sep 24, 2026).
Does PTC India Limited pay a dividend?
PTC India Limited currently shows a dividend yield of about 4.84% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of PTC India Limited (532524)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PTC India Limited it is ₹40.67 per share (as of Sep 24, 2026), against a price of ₹154.85. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is PTC India Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 532524 trades above its calculated fair value: price ₹154.85, fair value ₹40.67, a gap of about −74% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 532524?
No. The price is what the market pays today (₹154.85); the fair value is what the company's own numbers justify (₹40.67). For PTC India Limited the two are ₹114.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is PTC India Limited worth?
The market values PTC India Limited at about ₹13.8B (market capitalisation, as of Sep 24, 2026). Per share that is ₹154.85; our models calculate a fair value of ₹40.67 per share.
What do the bullish and bearish scenarios say about 532524?
Our models span a range for PTC India Limited: cautious scenario ₹29.62, base ₹40.67, optimistic ₹51.72 per share (as of Sep 24, 2026, price ₹154.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 532524?
PTC India Limited trades at a price-to-earnings ratio of 4.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹40.67 is built from several models across several years. Other multiples: P/B 0.2, P/S 0.1, EV/EBITDA 1.5.
How solid is the balance sheet of PTC India Limited (532524)?
Balance-sheet figures for PTC India Limited (as of Sep 24, 2026): return on equity 8.2%, debt of 0.30 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 532524 from its 52-week high?
PTC India Limited trades at ₹154.85, about 23% below its 52-week high of ₹202.01 and 16% above the low of ₹132.95 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹40.67 is for.
Which stocks are comparable to PTC India Limited?
From the same area (Utilities) we also value NextEra Energy, Inc, Iberdrola, S.A, China Yangtze Power Co, Enel SpA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PTC India Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹154.85, calculated fair value ₹40.67 (−74%), Quality Score 68/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 532524 calculated?
We run PTC India Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹40.67, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. PTC India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PTC India Limited (532524)?
The closing price on Oct 1, 2026 was ₹154.85. Our model-based fair value is ₹40.67, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PTC India Limited right now?
The price sits above even our optimistic bull case (₹51.72). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of PTC India Limited
How large is the market capitalisation of PTC India Limited (532524)?
The market capitalisation of PTC India Limited is ₹13.8B (≈ $143M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PTC India Limited (532524)?
The price-to-sales ratio of PTC India Limited is 0.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PTC India Limited (532524)?
Earnings per share at PTC India Limited are ₹12.41 (price ÷ EPS = P/E 4.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PTC India Limited (532524)?
The dividend yield of PTC India Limited is 4.8% (payout 60.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PTC India Limited (532524)?
The net margin of PTC India Limited is 5.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PTC India Limited (532524)?
The return on equity (ROE) of PTC India Limited is 8.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PTC India Limited (532524)?
On an EBIT basis the return on assets of PTC India Limited is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PTC India Limited (532524)?
The operating margin of PTC India Limited is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PTC India Limited (532524)?
Revenue at PTC India Limited is growing +14.7% versus a year earlier (3y avg −1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PTC India Limited (532524)?
Earnings per share at PTC India Limited are growing −1.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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