Mukul Agrawal Portfolio: Multibagger Stock PTC Industries Rises 4% as Q2 Earnings Soar Over 100%

Mukul Agrawal Portfolio: Shares of PTC Industries, a manufacturer of engineering components, rose 4.3% to ₹11,550 in intraday trading on Monday, November 18, after the company reported a strong set of numbers for the quarter ended September. The increase also ended a three-day straight decline for the stock.

The total income was ₹80.79 crore in Q2 FY25, up from ₹60.28 crore in the second quarter of FY24, registering a 34% year-on-year growth. Total revenues for H1FY25 were ₹131.31 crore, compared to ₹134.70 crore in H1FY24.

The EBITDA amounted to ₹29.66 crore in Q2 FY25, up from ₹18.45 crore in the second quarter of FY24, reflecting a growth of 60.8% year-on-year. EBITDA for H1FY25 was ₹43.35 crore, compared to ₹41.11 crore, registering a growth of 5.4% year-on-year.

The EBITDA margin for the second quarter of FY25 was 36.7% and for the first half of FY25 33.0%, reflecting growth of 611 basis points and 249 basis points respectively. The net profit was ₹17.31 crore in Q2 FY25, compared to ₹8.14 crore in the second quarter of FY24, a robust growth of 112.7% year-on-year. PAT for H1FY25 was ₹22.20 crore, against ₹19.42 crore, a growth of 14.3% year-on-year.

During the quarter, the company acquired a hot rolling mill to enhance production of titanium alloy components for the aerospace and defense sectors. It also received an order from Israel Aerospace Industries (IAI) for the supply of cast titanium components for aerospace applications. This is the first time that IAI is sourcing such molded components from India.

In addition, the company has secured a major contract from BAE Systems to supply titanium castings for the M777 Ultralightweight Howitzer.

Mukul Agrawal’s portfolio stocks

According to PTC Industries’ share holdings for Q2FY24, top investor Mukul Agrawal owns 1.60 lakh shares in the company, which constitutes 1.07% of the total paid-up capital. However, it is worth noting that Agrawal has reduced its stake slightly as it stood at 1.16% in Q1 FY25.

According to Trendlyne data, Mukul Agrawal has held PTC Industries shares in his portfolio since September 2022. During this period, the stock has enjoyed a meteoric rise, gaining 375% year to date.

In July, the stock reached a record high of ₹15,650 per share, more than the ₹15,000 points for the first time. After a brutal rally, the stock has recently posted gains and is currently trading 28% below its recent peak.

Potential upside: A break above 11,500 could lead to a recovery

“Along with the broader market, share prices have corrected in recent months. As of now, it is placed around a long-term support of 200 DSMA. Prices tried to recover on Thursday, but today the follow-up movement is not visible. 11,000 remains a key support and moves past 11,500 would trigger a move back towards 12,500. While a break below 11,000 would extend the weakness towards 10,000,” said Rajesh Bhosale, equity technical and derivatives analyst at Angel One.

Disclaimer: The views and recommendations expressed in this article are those of individual analysts. These do not represent the views of Mint. We recommend that investors consult certified experts before making any investment decisions.