Pitti Engineering Ltd. News and Updates

Name: Latest research reports of Pitti Engineering Ltd. authored by Rudra Shares and Stock Brokers Ltd and published by - Trendlyne research reports.
Item: Pitti Engineering Ltd.
Rating: 5
Author: Rudra Shares and Stock Brokers Ltd

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Pitti Engineering Ltd.

23 Oct 2017

979.90

1.08%

PITTI LAMINATIONS LT..

Buy: Pitti Engineering Ltd.

Rudra Shares and Stock Brokers Ltd

Company has a very well articulated plan for transition into the next phase of growth. There are a number of initiatives undergoing which will support the growth endeavors of the company. Company report a continued growth momentum supported by robust volume growth and better product mix. Increasing contribution from domestic business and significant improvement in export...

Pitti Engineering Ltd. is trading below its 30 day SMA of 985.8

Pitti Engineering Ltd.

22 May 2017

979.90

1.08%

Pitti Laminations

Sell: Pitti Engineering Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Pitti Laminations (Pitti) reported a steady Q4FY17 performance, with sales at | 84.2 crore, up 9.5% YoY. EBITDA came in at | 7.4 crore with corresponding EBITDA margins at 8.8% and PAT at | 1.6 crore Drop in EBITDA margins sequentially (down 300 bps QoQ) came in as a negative surprise resulting in muted numbers at the PAT level For full year FY17, sales were at | 285.9 crore (down 8.2% YoY), EBITDA at | 32.8 crore (margins at 11.5%) and PAT at | 6.3 crore...

Pitti Engineering Ltd. is trading above its 100 day SMA of 977.8

Pitti Engineering Ltd.

10 Nov 2016, 12:00AM

979.90

1.08%

Pitti Laminations

Sell: Pitti Engineering Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Pitti Laminations' (Pitti) performance in Q2FY17 was largely tracking the management guidance of muted Q2 and relatively good H2FY17 Net sales for the quarter declined 15% YoY to | 66.0 crore, largely tracking 39% decline in export sales. The EBITDA margin, however, came in higher at 11.8% due to a better metal realisations and costs rationalisation measures being undertaken at Pitti In Q2FY17, EBITDA was at | 7.9 crore while PAT was at | 1.5 crore...

Pitti Engineering Ltd. has an average target of 1267.50 from 2 brokers.

Pitti Engineering Ltd.

06 Sep 2016

979.90

1.08%

Pitti Laminations Limited

Business Line

Pitti Laminations has entered into an agreement with GE India Industrial Pvt Ltd to supply various parts used in locomotives. These parts will then be supplied by GE India to Indian Railways. The deal...

Promoters released all pledges in Mar 2025 qtr.

Pitti Engineering Ltd.

12 Aug 2016

979.90

1.08%

Pitti Laminations

Sell: Pitti Engineering Ltd.

Recommendation Target

ICICI Securities Limited

Pitti Laminations (Pitti) reported a muted Q1FY17 performance. Net sales for the quarter declined 32% YoY largely on account of 55% decline in export sales. The EBITDA margin, however, came in higher at 14.6% due to a change in product mix (high stator volume in exports) and costs rationalisation measures .Topline in Q1FY17 was at | 58.1 crore. The corresponding EBITDA was at | 8.5 crore while PAT was at | 1.2 crore. ICICI Securities Limited have valued Pitti at | 36 i.e. 9x P/E on FY18E EPS of | 4.0/share and downgrade the stock to SELL.

Pitti Engineering Ltd. has an average target of 1267.50 from 2 brokers.

Pitti Engineering Ltd.

24 May 2016

979.90

1.08%

Pitti Laminations

Hold: Pitti Engineering Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Pitti Laminations reported another quarter of muted performance with EBITDA margins coming in at 3.9%, down 750 bps YoY....