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Notifications$PTC Industries Ltd
Co did rights issue in 3:2 ratio at face value of Rs 10 per share. As a result promoter managed to increase its shareholding by 1.61% at face value.
ESOP exercise price for existing options also reduced by 60% due to the rights issue.
Co raised mere 7.5 cr through rights issue which is less than the half-yearly interest cost.
Operating cash flow in H1 FY23 was negative. Consequently borrowings have increased and have exceeded net worth.
Co is now doing QIP at significant discount to market price.
Co did rights issue in 3:2 ratio at face value of Rs 10 per share. As a result promoter managed to increase its shareholding by 1.61% at face value.
ESOP exercise price for existing options also reduced by 60% due to the rights issue.
Co raised mere 7.5 cr through rights issue which is less than the half-yearly interest cost.
Operating cash flow in H1 FY23 was negative. Consequently borrowings have increased and have exceeded net worth.
Co is now doing QIP at significant discount to market price.
Mukesh
@mukesh
2 years ago ~600 views
$PTC Industries Ltd
Co with less than 50 cr quarterly turnover trading at 2200 cr mcap.
Negligible profits / cash flows.
No dividends.
Debt increasing every year.
No institutional holding.
Only 3500 shareholders.
No mention of financials in investor presentation.
Be cautious on this one.
Co with less than 50 cr quarterly turnover trading at 2200 cr mcap.
Negligible profits / cash flows.
No dividends.
Debt increasing every year.
No institutional holding.
Only 3500 shareholders.
No mention of financials in investor presentation.
Be cautious on this one.
Asset under discussion
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