Mukul Agrawal stock secures order from ISRO for aerospace-grade titanium alloy

Synopsis: PTC Industries is in focus after it secured a major order from ISRO’s VSSC, the company will supply aerospace-grade titanium alloy ingots made with the Double VAR process.

The shares of this company, engaged in manufacturing metal components for critical and supercritical applications for industries like Defence, Oil & Gas, Liquefied Natural Gas (LNG), Ships & Marine, etc, are in focus after the company secured a key contract from ISRO. In this article, we will dive more into the details of it. 

With a market capitalisation of Rs 26,661 crore, the shares of PTC Industries Ltd are currently trading at Rs 17,592.85 per share, down 1.5 percent from its previous day’s closing price of Rs 17,870.65 per share. Over the past five years, the stock has delivered a multibagger return of 5,263 percent, outperforming NIFTY 50’s return of 84 percent.nAs of Q2 FY26, Mukul Agrawal holds a 1.07 percent stake in the company.

About the order

PTC Industries, through a stock exchange filing, announced that it has secured a significant order from ISRO’s Vikram Sarabhai Space Centre. The scope of the order involves the conversion of 40 tonnes of Grade 1 Titanium sponge into Ti-6Al-4V Titanium alloy ingots, produced using a Double Vacuum Arc Remelting (Double VAR) process.

Double VAR isn’t something you see every day; it’s reserved for the toughest aerospace and space tasks. This process guarantees the titanium comes out ultra-pure, strong, and reliable, perfect for rockets, engines, and other mission-critical parts. VSSC choosing PTC for this job says a lot about the company’s technical abilities and their knack for meeting ISRO’s demanding standards.

From a business angle, this order boosts PTC’s revenue, though the actual order value is not disclosed now, it is expected that this will significantly aide to the revenue growth of the company. More importantly, it cements PTC’s role as a major homegrown supplier for India’s space and defence efforts, fits right into the Aatmanirbhar Bharat initiative, and adds weight to their reputation in both Indian and global aerospace circles.

Financial and other highlights

The revenue from operations for PTC Industries stands at Rs 125 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 72 crores, up by about 74 per cent YoY. Additionally, on a QoQ basis, it reported a growth of 29 percent from Rs 97 crore. 

Coming down to its profitability, the company’s net profit stood at Rs 18 crore in Q2 FY26, up from Rs 17 crore in Q2 FY25, which is a growth of 6 percent YoY. Additionally, on a QoQ basis, it reported a net profit of Rs 5 crore, which is a staggering growth of 260 percent.

PTC Industries has spent over fifty years building a reputation for precision engineering. From its plants in Uttar Pradesh and Gujarat, the company produces high-precision components that end up in critical applications all over the world. More than three-quarters of what they make ships out to global giants like Rolls-Royce, GE, Siemens, and Alstom. 

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