Pitti Engineering Limited, incorporated in 1983 and formerly known as Pitti Laminations Limited, stands as a prominent Indian company engaged in the specialized manufacture of laminations for all types of rotating electrical machinery. The company's core expertise lies in manufacturing electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools. Based in Hyderabad, India, Pitti Engineering has established itself as India's largest manufacturer and exporter of electrical laminations and a leading supplier of intricate sub-assemblies for motors and generators. Through decades of dedicated innovation and a steadfast commitment to quality, the company has solidified its position as a dominant force within the electrical steel lamination industry.
The company's comprehensive product suite includes high-precision electrical steel laminations, stator and rotor core assemblies, comprehensive sub-assemblies, pole assemblies, die-cast rotors, and robust press tools. Pitti Engineering also excels in the high-precision machining of various metal components. Its state-of-the-art manufacturing units are strategically located in Hyderabad and Aurangabad, forming a sophisticated manufacturing ecosystem designed to meet diverse industrial requirements.
The applications for Pitti Engineering's products are extensive and span across critical sectors. These include industrial motors, alternators, hydroelectric and thermal power generators, wind power generators, DC machines, railway traction motors, pumps, and sophisticated components for medical diagnostic equipment and aeronautic wing control motors. The company's products are integral to operations in hydro and thermal power generation, windmills, mining, cement, steel, sugar, construction, lift irrigation, freight and passenger rail, mass urban transport, e-mobility, appliances, medical equipment, and the oil and gas industry, among other industrial domains.
Pitti Engineering commenced its production journey in 1987 from its facility in Hyderabad, Andhra Pradesh, India. The company's factories are strategically situated within a 50 KM radius of the city, ensuring operational efficiency. Demonstrating an early commitment to global quality standards, Pitti Laminations Limited was the first in the country's lamination industry to achieve ISO 9002 certification by BVQI of the UK in October 1993. This pioneering adoption of international quality benchmarks underscores the company's unwavering dedication to excellence and continuous innovation.
The company possesses advanced manufacturing capabilities, enabling it to produce single-piece laminations up to 1300 mm (51 inches) in diameter. They can manufacture laminations up to 700 mm (27 inches) in diameter through a single blow (gang punching) operation, and up to 1300 mm (51 inches) in diameter using single-point notching, including skip notching. These sophisticated manufacturing techniques allow Pitti Engineering to serve a wide array of industrial applications with precision-engineered products.
As reported by screener data, Pitti Engineering Limited has a Market Capitalization of ₹3,731 Crore. Promoter holding in Pitti Engineering Ltd has seen a positive increase, rising to 54.18% as of March 2025 from 53.58% as of September 2024. This upward trend in promoter holding signifies robust confidence from the management in the company's future growth trajectory and inherent value.
- Q4 FY25 Performance:
- Total Income: ₹472.3003 crores (compared to ₹367.4305 crores in Q4 FY24)
- Net Profit: ₹36.1371 crores (compared to ₹28.7597 crores in Q4 FY24)
- EPS: ₹9.61 (compared to ₹7.64 in Q4 FY24)
- Full Year FY25 Performance:
- Total Income: ₹1743.3601 crores (compared to ₹1292.6629 crores in FY24)
- Net Profit: ₹122.2863 crores (compared to ₹89.7042 crores in FY24)
- EPS: ₹33.32 (compared to ₹26.20 in FY24)
In its Q4 FY25 update (reported on April 28), Pitti Engineering announced a revenue of ₹1743 Cr, marking a 35% year-on-year growth. EBITDA also saw a significant increase of 50%. With capex completed, the company has provided a guidance of 15% revenue growth for FY26.
Pitti Engineering is targeting 10% volume growth in FY26, with an ambitious revenue projection of ₹2,000 crore for FY26 and ₹2,100–2,200 crore for FY27. This growth is expected to be driven by enhanced capacity utilization and a strategic shift towards higher value-added products. These robust growth targets reflect the company's strong belief in market demand and its capability to expand its market share.
In the quarter ending March 2024, Pitti Engineering Ltd declared a dividend of ₹1.50, translating to a dividend yield of 0.26%. The company adheres to a consistent dividend policy, demonstrating its commitment to providing shareholder returns while strategically reinvesting in growth initiatives.
Pitti Engineering Limited, formerly Pitti Laminations Limited, holds the distinction of being India's leading manufacturer of Electrical Steel Laminations, Motor Cores, and related products. Renowned for its commitment to quality and innovation, the company also produces castings, fabricated parts, and precision-machined components. Pitti Engineering actively pursues expansion through strategic integration and capacity enhancement, supported by its ISO certifications and numerous accolades for manufacturing excellence.
The company's strategic diversification across multiple end-use industries, coupled with its advanced technological capabilities and operational excellence, positions it advantageously for sustained growth in the expanding electrical equipment market. As India continues its trajectory of infrastructure development and industrial modernization, Pitti Engineering is exceptionally well-placed to capitalize on the escalating demand for electrical steel laminations and its associated product lines.
