The brokerage remains confident in the company’s ability to maintain its growth trajectory and its ability
to quickly realize the synergy benefits from the two recently acquired entities.

Pitti Engineering - Acquisition Fuels Growth Through Expanded Capacity: DRChoksey

Pitti Engineering Ltd. acquires Dakshin Foundry Private Ltd. for ₹153.12 crore, enhancing production capacity and operational strength.

Pitti Engineering to acquire Dakshin Foundry for ₹153 crore

Pitti Engineering acquires Dakshin Foundry for ₹153 crore, enhancing production capacity and operational strength with positive financials.

Pitti Engineering acquires Dakshin Foundry for ₹153 crore

The proceeds of the QIP will be used for repaying certain borrowings availed by the company and for other general corporate purposes.

Pitti Engineering raises ₹360 crore through QIP

Pitti Engineering completes QIP

Shares of Pitti Engineering surged up to 4.3 per cent at Rs 1205.75 per share on the BSE in Tuesday’s intraday trade

Pitti Engineering hits 52-week high on robust FY24 profits, up 55% YoY

Synergistic merger and acquisition enhance Ebitda expectations

Pitti Engineering - Strengthening Market Position Through Strategic Acquisition, Growth Initiatives: DRChoksey

On CNBC-TV18 | The acquisition will take our capacity to 90,000 tpa, says Akshay S Pitti, Vice-Chairman & MD of Pitti Engineering on co's plan to acquire Bagadia Chaitra Industries. He tells Sonal Bhutra and Vivek Iyer that capacity utilisation of overall entity would be 75% by end of FY25. 

#pittiengineering #FY25outlook #growthoutlook #businessoutlook #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   


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Bagadia Chaitra Industries Acquisition Will Take Our Capacity To 90,000 tpa: Pitti Engineering

Axis Securities has recommended buying Pitti Engineering Ltd stock for three primary reasons. Let’s find out.

This Multibagger Stock Quadrupled Investors’ Capital In The Last 9 Months - News18

The company’s total revenues for the quarter ended June 30, 2023, was at Rs 290.71 crore, as compared with Rs 311.06 crore in the year-earlier period, down by 6.54 percent.

Pitti Engineering Q1 net up by 19% to Rs 13.97 crore

Pitti Eng. reports 19% rise in Q1 net profit to Rs 14 cr; income down at Rs 291 cr. Expenses dipped to Rs 272 cr, highest-ever EBITDA of Rs 42 cr. Sales volume of 9,958 tonnes, market outlook remains positive. Brownfield expansions at Aurangabad and Hyderabad on track. Demand outlook and volumes enc…

Pitti Engineering Q1 net up 19% on lower cost

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Pitti Engineering is engaged in manufacturing of electrical laminations and stampings