Mukul Agrawal Portfolio Defence Stock PTC Industries Surges 20% Intraday; Buy For TP Rs 13,010?

Today, shares of PTC Industries Ltd gained around 20 per cent and made a fresh new 52-week high of Rs 14,900 per share from its previous closing of Rs 12,552.15 per share. In the recent trading sessions, the stock has been hitting back-to-back 52-week highs.

Antique Stock has launched their maiden reports on these stocks. The company has already signed contracts and MoUs with leading OEMs, which has created a significant order pipeline for it. Given the high growth visibility and significant value addition leading to over 50 per cent EBITDA margin, PTC is well poised to post a profit of Rs 1,000 crore in FY28 from a base of Rs 420 crore in FY24," Antique Stock Broking said with a 'buy' call and a target price of Rs 13,010.

An ace investor, Mukul Agrawal bought 1,67,000 shares and FIIs bought 5,51,688 shares in March 2024 compared to Nil shareholdings in March 2023. The stock gave multibagger returns of 325 per cent in just 1 year, 1,800 per cent in 3 years and a whopping 8,500 per cent in 5 years.

Earlier this week, the company set up a greenfield defence testing facility in Lucknow in collaboration with leading entities under the Defence Testing Infrastructure Scheme.
The facility-Advance Materials (Defence) Testing Foundation-is set up to cope with the expenses of state-of-the-art testing infrastructure, according to an exchange filing. This facility is built in collaboration with Hindustan Aeronautics Ltd., Bharat Dynamics Ltd., Mishra Dhatu Nigam Ltd., Yantra Ltd., PTC Industries Ltd., and the Uttar Pradesh Expressways Industrial Development Authority, the filing said. The project's estimated total cost is Rs 53 crore. The government will fund 75% of the project cost, and the remaining 25% will be funded by Special Purpose Vehicle members.

Recently, the company reported a total income of Rs 765.0 million in Q4FY24, up 22.0% year-on-year from Rs 626.9 million in Q4FY23. For FY24, total income was Rs 2,702.6 million, a 19.2% increase from Rs 2,267.3 million in FY23.

EBITDA for Q4FY24 stood at Rs 259.5 million, a 37.0% rise from Rs 189.4 million in Q4FY23, with an EBITDA margin of 33.9%. For FY24, EBITDA was Rs 860.5 million, a 30.1% increase from Rs 661.1 million in FY23, with an EBITDA margin of 31.8%.

PTC Industries Limited, a leading Indian manufacturer of precision metal components for critical applications for over 60 years, is a major player in the aerospace and defense sector through its subsidiary Aerolloy Technologies. They are significantly expanding their capabilities by investing in a new, state-of-the-art facility on 50 acres of land in Uttar Pradesh. This new location will be fully integrated, housing a Titanium and Superalloy Mill to produce aerospace-grade materials and manufacture castings for domestic and international applications. Beyond aerospace, PTC Industries remains a key supplier of metal components across various industries like defense, oil & gas, and marine, with a strong market cap exceeding Rs 16,000 crore and recent positive financial results.