Ptc India Financial Services Limited
PFS was incorporated in September 2006 and commenced operations in May 2007. It is promoted by PTC to provide financial services and related products to companies in the energy value chain. PFS is registered with the Reserve Bank of India as an infra...
Key Metrics
EPS
2.50
Current ratio
25.52
Debt/Equity
1.57
Debt/EBITDA
17.92
Interest coverage ratio
0.00
Operating Cashflow to total debt
0.64
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Expectation of strong support from the parent
Adequate capitalization
Liquidity: Adequate
Traction in fund raising at optimal pricing enabling resumption of normal business operations
Material improvement in the credit risk profile of PTC
Significant improvement in the asset quality and competitive position of PFS amid comfortable financial risk profile (RoA crosses 2.5% on a sustainable basis)
Cons
Delay in raising funds limiting growth opportunities
Exposure to asset quality risks arising from challenges faced by the power sector
Continued pressure on incremental fund raising and consequent impact on business operations
Any adverse impact of the stand taken by regulators
Decline in support from PTC, either by way of decline in its ownership below 50% or in the strategic importance of PFS to PTC
Significant and consistent increase in delinquencies impacting profitability
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
About Ptc India Financial Services Limited bond.
This comprehensive profile covers key factual information about Ptc India Financial Services Limited. PFS was incorporated in September 2006 and commenced operations in May 2007. It is promoted by PTC to provide financial services and related products to companies in the energy value chain. PFS is registered with the Reserve Bank of India as an infrastructure-financing non-banking financial company. It provides loans (including mezzanine funding) to infrastructure projects, with primary focus on renewable projects; along with other projects of distribution, transmission, road under hybrid annuity model, sewage treatment and ports. The company also provides non-fund-based products and services to companies in the power sector. As on June 30, 2024, gross loan book was Rs 5,577 crore, comprising 20.0% towards renewables, 6% to thermal and hydro assets and the rest being others (including, transmission, sustainable infrastructure, road projects and state power utility). For fiscal 2024, PAT stood at Rs 161 crore on total income (net of interest expense) of Rs 366 crore, against Rs 176 crore and Rs 365 crore, respectively, for fiscal 2023. For the quarter ended June 30, 2024, PAT stood at Rs 44 crore on total income (net of interest expense) of Rs 73 crore, against Rs 37 crore and Rs 85 crore, respectively, for the corresponding period of previous fiscal. EPS in Mar-2024 was 2.50. Current ratio in Mar-2024 was 25.52. Debt/Equity in Mar-2024 was 1.57. Debt/EBITDA in Mar-2024 was 17.92. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was 0.64. Total revenue for Mar-2025 (E) was ₹755.54. Net income for Mar-2025 (E) stood at ₹145.73. Total assets as of Mar-2024 were ₹6,524.95. Operating cash flow for Mar-2024 was ₹2,562.99. The company’s borrowing relationships include State Bank of India (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), Canara Bank (₹N/A Cr), Bank of Baroda (₹N/A Cr), The Jammu and Kashmir Bank Limited (₹N/A Cr), Union Bank of India (₹N/A Cr), Bank of India (₹N/A Cr), Canara Bank (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Ptc India Financial Services Limited, Indian Railway Finance Corp Limited, Power Finance Corporation Limited, REC Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Expectation of strong support from the parent; Adequate capitalization; Liquidity: Adequate; Traction in fund raising at optimal pricing enabling resumption of normal business operations; Material improvement in the credit risk profile of PTC; Significant improvement in the asset quality and competitive position of PFS amid comfortable financial risk profile (RoA crosses 2.5% on a sustainable basis). Key risks include: Delay in raising funds limiting growth opportunities; Exposure to asset quality risks arising from challenges faced by the power sector; Continued pressure on incremental fund raising and consequent impact on business operations; Any adverse impact of the stand taken by regulators; Decline in support from PTC, either by way of decline in its ownership below 50% or in the strategic importance of PFS to PTC; Significant and consistent increase in delinquencies impacting profitability. Leadership team details include Balaji Rangachari (Managing Director & CEO), Manas Ranjan Mohanty (Independent Non-Executive Director), Naveen Bhushan Gupta (Independent Non-Executive Director), P V Bharathi (Independent Non-Executive Director), Pankaj Goel (Non Executive & Nominee Director), Seema Bahuguna (Independent Non-Executive Director), Shweta Agrawal (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.