Pitti Engineering is moving from being mainly a lamination manufacturer to an integrated engineering component player across laminations, casting, machining, shafts and assemblies.
The key trigger is that its Rs 150 crore capex has started operating, while machining utilisation is already around 86% management says the bottleneck is capacity, not demand. Data centres, mining, railways and power generation are driving growth, while higher-value stator/rotor assemblies are growing faster than loose laminations.
Management has raised FY27 lamination volume guidance to 82,000 tonnes and sees EBITDA margins eventually improving toward 18–18.5% as operating leverage and higher-value products kick in.
So the story is simple: capacity expansion + better product mix + strong end-market demand + operating leverage.
FROM CONCALL :
China has had the largest capacities across industrial areas such as electrical steel Laminations, Casting, and Machining. We are seeing customers increasingly look at India as an alternate manufacturing and sourcing base. This is particularly visible in Mining equipment, Data Center generators, as well as specialized industrial applications.
technical :
Multi-year breakout retest with fresh fundamental trigger
High weekly volume back to back last two weeks