PTC India Financial Services
- Market cap
- ₹ 1,570 Cr.
- P/E
- 8.6x
- P/B
- 0.52x
- 52-week range
- 23.61 – 38.13
- ROE
- 11%
- Dividend yield
- 0%
- Debt / equity
- 0.57
- Sector
- Finance
- Industry
- Non Banking Financial Company (NBFC)
- Listed on
- NSE, BSE
About
PTC India Financial Services Limited is an India-based infrastructure finance company. The Company provides financing solutions to the energy value chain, which includes investing in equity or extending debt to road infrastructure projects and power projects, in generation, transmission, distribution, fuel resources and fuel-related infrastructure. It provides fund-based / non-fund-based financial assistance in the form of debt or structured debt instruments, taking into account the needs of the promoter/borrowing company, the condition of the financial markets, risks and rewards of the project and regulatory requirements. The Company offers long-term and short-term loans. As an underwriter, lead arranger, and syndicator, it is structurally focused on renewable energy projects, such as greenfield as well as brownfield expansion projects, and specializes in products, including vanilla project finance debt, structured debt, and securitization.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Non Banking Financial Company (NBFC): 288 companies →PTC India Financial Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.6 against a typical 22.5: cheaper than most peers (1st = cheapest).52nd of 284
- Sales growth−27.5% against a typical +18.3% from a year earlier.220th of 259
- Profit growth−70.8% against a typical +20.2% from a year earlier.186th of 214
- Share price, 3 months−13.1% against a typical −4.2%.184th of 258
- Size₹ 1,570.4 Cr. market value against a typical ₹ 43 Cr. (1st = largest).29th of 269
Latest announcements
Exchange filings and their impact on the company.
- Q2 FY27 results extend the sharp revenue and profit contraction trend.
PTC India Financial Services approved its unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026 at its board meeting on October 27, 2026. Detailed Q2 tables were not readable in the filing, but the last four quarters show revenue falling to Rs 103 crore and net profit to Rs 40 crore in June 2026. The results confirm a continued contraction in the loan book and earnings, with ongoing debt repayment from collections.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety, with caution
Rated A to A- by 2 agencies- CRISIL expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A | Negative | 5 Oct 2026 |
| ICRA | [ICRA]A- | Stable | 23 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 5 Oct 2026 | Reaffirmed | Crisil A | — | CRISIL | ₹ 12,010.99 Cr. | |
| 6 Apr 2026 | Reaffirmed | Crisil A/Watch Developing → Crisil A | — | CRISIL | ₹ 12,010.99 Cr. | |
| 23 Mar 2026 | Reaffirmed | [ICRA]A- | — | ICRA | ₹ 1,209.37 Cr. | |
| 6 Jan 2026 | Reaffirmed | Crisil A/Watch Developing | — | CRISIL | ₹ 12,010.99 Cr. | |
| 8 Oct 2025 | New rating | [ICRA]A- | — | ICRA | ₹ 1,109.37 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 28 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 20 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 23 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 30 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 190 | 204 | 176 | 161 | 163 | 158 | 153 | 142 | 132 | 122 | 119 | 103 |
| Interest | 107 | 103 | 92 | 88 | 83 | 78 | 72 | 65 | 58 | 58 | 44 | 38 |
| Expenses | 14 | 32 | 64 | 12 | 15 | −2 | 9 | −71 | −45 | −1 | 12 | 9 |
| Financing Profit | 70 | 69 | 20 | 61 | 65 | 82 | 72 | 148 | 119 | 65 | 63 | 56 |
| Financing Margin % | 37% | 34% | 12% | 38% | 40% | 52% | 47% | 104% | 91% | 54% | 53% | 54% |
| Other Income | 12 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 80 | 67 | 19 | 59 | 63 | 81 | 75 | 146 | 118 | 64 | 62 | 54 |
| Tax % | 25% | 25% | 28% | 25% | 25% | 17% | 23% | 7% | 25% | 24% | 26% | 26% |
| Net Profit | 60 | 50 | 14 | 44 | 47 | 67 | 58 | 137 | 88 | 49 | 46 | 40 |
| EPS in Rs | 0.93 | 0.78 | 0.22 | 0.69 | 0.74 | 1.05 | 0.91 | 2.13 | 1.37 | 0.76 | 0.71 | 0.63 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −8%
- 5 Years
- −15%
- 3 Years
- −14%
- TTM
- −23%
- 10 Years
- −2%
- 5 Years
- 66%
- 3 Years
- 22%
- TTM
- −27%
- 10 Years
- −3%
- 5 Years
- 9%
- 3 Years
- 0%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 8%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| PTC India Financial Services | ₹ 24.15 | ₹ 1,570 Cr. | 8.6x | 0.5x | 11% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Shriram Finance | ₹ 867.00 | ₹ 2,04,004 Cr. | 13.9x | 3x | 16.4% | 20.9% |
| Jio Financial Services | ₹ 205.00 | ₹ 1,35,364 Cr. | 95.5x | 1.2x | — | 49.8% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
Management
- Rajiv Malhotra
- Chief Executive Officer, Managing Director, Executive Director
- Dilip Srivastava
- Chief Financial Officer, Director (Finance)
- Sitesh Sinha
- Chief Compliance Officer
- Devesh Singh
- Chief Risk Officer
- Sanjeev Kumar
- Executive Director, Director - (Operations)
- Pranab Kumar Sinha
- Whole-Time Director, Director (Operations)
- Manohar Balwani
- Company Secretary
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