INTRODUCTION OF THE COMPANY

PTC India Ltd. (PTC), the leading provider of power trading solutions in India, is a Government of India initiated Public-Private Partnership, whose primary focus is to develop a commercially vibrant power market in the country. PTC is the pioneer in developing and implementing the concept of power trading in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all. Since its inception in 1999, PTC has sought to provide holistic services that address the sustainability of a power market model, including intermediation for long-term supply of power from identified domestic and cross-border power projects, financial services like providing equity support to projects in the energy value chain, advisory services and foray into providing fuel linkages to power plants of various utilities / generators participating in the power market. PTC today is not just the leading power trader in the country, but has also diversified into the unique role of being a Complete Energy Solutions Provider.

PTC India Ltd. (PTC), the leading provider of power trading solutions in India, is an outcome of Government of India Public-Private Partnership Initiative, and its primary focus is to develop a commercially vibrant power market in the country.

PTC India total PPAs signed as of September 30, 2009 were close to 16313 MW and MOUs for 18290 MW have been signed. PTC has ventured into Captive Power trading and has traded Captive power to the tune of 810.966 MU. It has also signed total PSAs for 3443 MW & MOUs for sale of Power at 960 MW. PTC has taken up energy efficiency projects in Hospitals, Govt. building, industries Under MOU with Bureau of Energy Efficiency. During Q2FY10, PTC posted net sales of Rs.24, 581.7 mn, registering a growth of 21.0% YoY. This was on account of increase in traded volumes by 23.8% to 6388 MUs. This increase was aided by 20MW Samal Hydro electric project and 225 MW Baglihar hydroelectric project which started yielding benefits. The EBITDA grew by 111% YoY to Rs. 296.9 mn and EBITDA margins increased by 52 bps to 1.2% YoY. This benefit accrued mainly due to non-payment of rebate on Sale of power to customers who had delayed their payment.PTCs other income fell by 37.6% YoY during Q2FY10 due to transfer of investments to fixed deposits with relatively lower yields vis--vis liquid MFs. Also the tax incidence in FDs is more than Liquid MFs. Hence, while its PBT (including Other income) grew by 15.3% YoY at Rs. 458.5 mn, its APAT fell by 5.7% YoY to Rs.309.1 mn.PTC Energy plans to invest in 2 projects in Orissa & 1 project in Karnataka. Additionally, PTC indicated its plans to unlock the value of its investments in its subsidiary, PTC Financial Services (PTC-FS), over the next one year, through an IPO or through private placement. PTC-FS has a committed equity funding of Rs.4,538 mn and a Debt funding of Rs. 4,680 mn, for financing various power projects. Power Trading Corporation India Ltd is the leading provider of the power trading solutions in India. The focus of the company is to develop a commercially and functionally vibrant power trading market in the country by taking a lead in the business of purchase of electrical power from Independent Power Producers (IPPs), Captive Power Plants (CPPs), Central & State Sector Utilities, SEBs, etc. on short or long term basis, and sale of power to SEBs, Power Distribution Companies, and other bulk consumers. The company is promoted by NTPC, PGCIL, PFC and NHPC and was incorporated on 16th April99, on account of the need for an institution that would contribute towards reducing the mismatches between the demand and supply arising in various regions of the country through by leading as trading solutions provider. Since July2001, the company started the trading of power on the sustainable basis providing the optimum value services to both, the buyers sellers. The company focused on the small and the medium sized projects promoted by Independent Power Producers.

OBJECTIVES OF THE COMPANY:-

The expanding energy market requires PTC to go beyond its role as a transaction facilitator. The corporation has responded by exploring opportunities in credit support to clients, advisory role for portfolio management and coal mine acquisitions. Quite simply,PTC's success attribute is its ability to provide a "Holistic Solution" in the Power Sector. 1. To carry on the business of purchase and sale of all forms of electrical Power, both conventional and non-conventional, and also to supply, import and export or otherwise deal in all forms of electrical energy in all aspects. Without prejudice to generality of the above functions the Company shall carry out the business of (i)Purchase of all forms of power/electricity from Independent Power Producers (IPPs), Captive Power Plants, other Generating Companies, Transmission Companies, State Electricity Boards, State Governments statutory bodies, Licensees, Power utilities and to procure it from other sources (whether in Private, Public or Joint Sector Undertaking) including import from abroad; (ii) Sell all forms of electrical power to the State Electricity Boards, Vidyut Boards, Power Utilities, Generating Companies, Transmission Companies, Distribution Companies, State Governments, Licensees, statutory bodies, other organizations and bulk consumers of power, whether in private, public or joint sector undertakings in India and abroad; (iii) Supply, distribute, transmit, export, or otherwise transfer/exchange of electrical power, and (iv) Coordinate with all concerned for purchase, import, sale, export, distribute, transmit and supply all forms of electrical power, and undertake all connected functions. 2. To plan, promote and take up necessary developmental work, selection of prospective/established Independent Power Producers, generating/transmission/distribution companies/utilities and enter into contracts/Power Purchase Agreements/other Agreements with them; to act as catalyst and also to provide connected services to them so as to augment power generation, transmission, distribution, optimum utilization of electrical power and its trading.

3. To plan, promote, develop and establish an efficient and reliable power trading and distributing system, policies and procedures towards competitive procurement, transfer/wheeling of power from the power producers/generating and transmission companies within India and abroad and supply within India and abroad and comply with the broad guidelines and objects laid down by the Government of India or any Statutory/Regulatory authorities created or established from time to time.

4. To own, acquire, establish, operate and maintain generating stations, transmission systems and power system for generation, evacuation, distribution and transmission of power for supply to the State Electricity Boards, Vidyut Boards, Power Utilities Generating Companies, Transmission Companies, Distribution Companies, State Governments, Licensees, statutory bodies, other organizations and bulk consumers of power. 5. To act as agent of Public or Private Sector enterprises, Financial institutions, banks, Central Government and State Governments engaged in the planning and development of power, financing investigation, research, design and preparation of preliminary feasibility, definite project reports and appraisal report for generation, purchase, sale, trading, transmission and distribution of all form of power, both conventional land non-conventional, and for manufacturers of Plant and Equipment for Power Sector in India and abroad. 6. To engage in the business of purchasing/procuring, selling, importing, exporting, trading or otherwise dealing in electrical power and ancillary activities, on competitive basis and commercial lines throughout India and abroad. 7. To promote and organize research and development or to carry on consultancy services in the field of power supply, trading, conservation of electricity and other related activities of the Company.

WORKING PATTERN OF PTC INDIA LTD:-

Board of Directors Company is currently managed by a Board of Directors comprising 12 Directors. Shri T. N. Thakur is r Chairman and Managing Director. The Chairman / Chairman & Managing Director, the Managing Director and any other Wholetime Director(s) shall\ be appointed by the General body in accordance with the provisions of the Act. Not less than two third of the total number of Directors shall be liable to retire by rotation in accordance with the provisions of section 256 and 257 of the Act and shall be eligible for reappointment. As per Article 113 of our AOA every block of minimum 10% shareholding by any shareholder/ group of shareholders shall entitle it to nominate one part-time Director on the Board of the Company. It also provides that not withstanding anything to the contrary contained in these Articles, the Board of Directors shall include at least one nominee director each from POWERGRID, NTPC, PFC and NHPC and one nominee Director by the Government of India, Ministry of Power.

SHRI T.N. THAKUR

MANAGING DIRECTOR AND CHAIRMAN OF PTC INDIA LTD

Article 111 of our AoA provides that the Board of Directors of the Company shall consist of not less than 3 directors and a maximum of 15 Directors. A person need not hold any qualification shares to become Director. PTC India LTD is the leading company in power sector of Indian market and company also possess large number of shares as well as PTC India ltd has tie up with the foreign countries also and it also exporting power to the forign countries and that will raise the benefits to the company this is the only reason company is producing large number of Power units and capturing the market share of the Indias energy s VALUATION PTC is currently the market leader in the power trading business and is expected to maintain its lead over the future years on account of its long term PPAs entered with various upcoming merchant power based and captive power plants in the country. The Power Tolling Arrangements with the upcoming power plants in the country is a unique innovation and would improve the operating margin of the company in the long term as the operations under PTAs are not governed by power trading regulations. The proposed upward revision in the trading margin cap provides further potential upside to the profitability of the company. At the current market price of Rs.118 as on 6th Jan10, the stock trades at aPE of 33x based on FY09EPS of Rs.3.57. Mata Research expects the EPS to increase to Rs.6.03 in FY11E and Rs.10.75 in FY12. At target price ofRs.165, it discounts FY12E earnings by 15.3x.

ANALYSIS OF POWER INDUSTRY IN INDIA Power industry is one of the most fastest emerging industry In india. It is basically baised on the natural sources and that are large in nature.

An energy industry course by distance learning, analyzing global challenges and opportunities fossil fuels to renewable, nuclear to hydro In todays world and in the future - the energy industry faces many opportunities and challenges. To make the most of these advantages, while avoiding the pitfalls, you need a detailed and balanced understanding of individual components and industry-wide issues. The course starts with energy industry basics and then builds understanding to high levels of technical, statistical and commercial detail across the full spectrum of energy sectors. At the very start, let me throw a few numbers at you, just dont get confused by them. India has the fifth largest installed power capacity on the world (the first four are US, Japan, China and Russia in that order), and is one of the top power consumers. You think this is good enough? OK let us have more numbers India has an installed power capacity of approximately 150 MW (2009), which is 4% of the global capacity. The per capita power consumption (per year) in India is about 720 KWh (or units), which is less than 5% of the per capita consumption in USA, and less than 20% than that of China. The global per capita consumption of power is about 2,340 KWh (Units). Indian Power Sector A Brief Snapshot Indian Power Sector If you consider the Indian power sector, a very bleak picture emerges. If there have been any achievements, they are definitely been very few and far between and none of them worthy of any mention. There are schemes galore but they have largely remained on papers, and no effect has been felt on the ground. If you live anywhere in India you can definitely vouch for this. Just think has the power situation improved or worsened where you live? I can easily guess your answer. Let us consider a few chief highlights of the Indian power sector, as it currently is >> Current installed power generation capacity 150,000 MW (approximately).

>> Domination of public sector enterprises National Thermal Power Corporation(NTPC), National Hydroelectric Power Corporation (NHPC), Nuclear Power Corporation of India (NPCI) and Power Grid Corporation of India, power trading corporation of India(PTC). >> Of this, 75% is constituted by thermal power(coal based and gas based), 21% by hydro electricity power, 3.5% by nuclear power and less than 0.5% by wind and solar power. >> More than 50% of the power generation in India is coal based. >> Gap between peak electricity demand and production 12% >> Though 80% of rural areas have been connected to electricity, less than 45% of rural households have access to electricity. >> Transmission and distribution losses 35-45%. A close look at the above figures reveals the bleakness of the Indian power sector. For example, let us start from the last point transmission and distribution losses. Rajiv Gandhi had once remarked about 5 paise out of 1 rupee reaching the intended beneficiaries. The situation is somewhat similar in the power sector, where out of every 100 units produced, 33 are lost during transmission and distribution! Most of this is due to power theft. The power generation in India is largely coal based thus adding to the already heavy pollution. The persistent gap in peak demand and supply levels of electricity has meant frequent power outages, even in the so called metropolitan cities some of which pride themselves as global software hubs (I live in one such city). Indian Power Sector The Challenges In typical fashion, the government has set up hugely ambitious targets for the past many years, and failed miserably every time. Consider this during the past three 5-Year plans (8th, 9th and 10th), the target achievement rate in installing fresh power generation capacity has been less than 50% ! Yet still, every year a higher target is set. The top reasons for this massive slippage are - delays in technology procurements, - delays in awards of works, - delays in clearances and land acquisition, - delays in financial closure,

- court cases, - law and order problems, and - lack of trained manpower. Let us have a look at the current target. Till 2012, the installed capacity is planned to increase by 78,000 MW a steep target, especially considering that the current installed capacity is only 150,000 MW. Now, what is the game plan to achieve this massive 50% boost, and that too in the next TWO years, is something that only the government of India can reveal. Another crucial factor is the really huge finance that will be needed for this expansion it is estimated that the targeted enhancement will need an investment of RS 7,50,000 crores (more than USD 150 billion). With fiscal deficit already approaching 10 % of GDP, it is anybodys guess where this money will come from. Urgent Overhaul Needed The power demand in India is set to explode in the coming years. Various estimates suggest that if (a very big IF indeed) India wants to sustain a 8-9% GDP growth over the long term, it will need to have 4,00,000 MW of installed capacity by 2020! The situation becomes more daunting, almost impossible, if 2030 estimates are believed at 9,50,000 MW! Please remember, the total installed capacity as of 2010 is 150,000 MW only! Whether India will be able to achieve these figures or not, is really a moot question. But considering the current track record of our performance, you will definitely not like to place any bets! Power is one of the prime movers of economic development. The level of availability and accessibility of affordableand quality power is also one of the main determinants of the quality of life. The Government has, since Independence, been giving priority to this sector while fixing the Plan outlays. As a result, the installed generation capacity has risen from around 1,300 megawatt (MW) at the time of Independence to more than 1,00,000 MW today. Along with the growth in installed generation capacity, there has also been a phenomenal and required matching increase in the transmission and distribution (T&D) capacity. However, despite these achievements, the power sector has not kept pace with the growth in demand with the result that the country has been facing energy and peaking shortages. The gap between supply and demand of power has widened over time, with a reported energy gap of 8.8% and peak demand shortage of 12.2% during 2002-03.

The State Electricity Boards (SEBs) have played a significant role in the generation and supply of power; however, the present financial health of the SEBs is not sound. This is mainly due to un-economic average levels of tariff in view of subsidized rates for agriculture & lower slabs of domestic consumption and high levels of losses both technical and commercial (theft, erroneous billing, low collection efficiency etc.). The SEBs being monolithic monopolistic players have posed the main roadblock to attracting the much-needed private investment and, in fact, their low financial credibility and payment ability have been some of the main reasons for the shortfall in capacity addition from private sector projects during the Ninth Plan. The actual capacity addition during the Ninth Plan was 19,015 MW against a target of 40,245 MW. The other major reasons for shortfall in the capacity addition were operational and procedural delays such as those in land acquisition and granting of statutory clearances.

DU PONT ANALYSIS

Du Pont of ROE
Particular EAT EBT 2009-10 931.19 527.03 1.767 527.03 521.43 1.600 521.43 76,490.05 18.252 76,490.50 19208.67 3.98 19208.67 8676 0.10 2008-09 867.26 425 2.041 425 411.66 1.032 411.66 64,396.02 17.180 64,396.20 14925.68 4.31 14925.68 8651 0.10 2007

486.25
365.18 1.332 365.18 356.63 1.024 356.63 38,515.05 17.118 38,515.50 3199.88 12.04 3199.88 8640 0.07

EAT/EBT (Times)
EBT EBIT

EBT/EBIT (Times)
EBIT Sales

Net Profit Ratio (%)

Sales Assets

Assets turnover (times)

Assets Equity

Financial Leverage (times) Return on Equity

31.61

38.13

21.38

DuPont Analysis A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are measured at their gross book value rather than at net book value in order to produce a higher return on equity (ROE). It is also known as "DuPont identity". DuPont analysis tells us that ROE is affected by three things: - Operating efficiency, which is measured by profit margin - Asset use efficiency, which is measured by total asset turnover - Financial leverage, which is measured by the equity multiplier ROE = Profit Margin (Profit/Sales) * Total Asset Turnover (Sales/Assets) * Equity Multiplier (Assets/Equity) DuPont Analysis It is believed that measuring assets at gross book value removes the incentive to avoid investing in new assets. New asset avoidance can occur as financial accounting depreciation methods artificially produce lower ROEs in the initial years that an asset is placed into service. Du Pont analysis of the company is an important factor for analysis of the return on assets, capital and equity, which are the main indicators of company profitability, stability and rewards to investor. It is necessary and helpful to analyze the company in which an investor is going to invest his/her money. The usefulness of the integrated analysis lies in the fact that it presents the overall picture of the performance of a firm as also enables the management to identify the factors which have a bearing on profitability. EAT of the company is increase in 2008-09 and 2009-10 due to volatile price of power in india. Assets turnover ratio has raise in 2008-09 because of increase in sales turnover of the company and expansion of the firm assets. Finally, ROE of the firm was increasing over the three years of period as there was international tread also.

COMMON SIZE STATEMENT ANALYSIS

Balance sheet Amt.(Cr.) PARTICULARS 2009-10 2008-09 2007-08 % 2009-10 2008-09 2007-08

Share Capital Reserve & Surplus secured Loan minority interest Deferred tax liability Total Fixed Assets Investment work in progress CA CL CA-CL Miss. Exp. Total

2945.47 18390 3108.01 1419.75 128.35 25991.58 766.87 10,757.7 10.25 18,441.0 3,985.36 14,456.9 0 25991.58

2,274.9 13321.1 200 1,362.1 90.86 17249.7 499.45 5325.48 9.62 14426.3 3011.15 11415.8 0.04 17249.7

2,274.19 12,521.7 0 0 59.08 14854.4 520.09 13,263.5 11.18 3731.51 2679.79 1051.72 0 14846.34

11.33 70.75 11.96 0.00 0.43 100 2.9505 41.392 0.0394 0.0000 0.0000 55.619 0 100

13.18 85.13 1.16 0.00 0.53 100 2.8954 30.8729 0.0558 0.0000 0.0000 66.1756 0.00022 100

15.31 84.29 0.00 0.00 0.40 100 3.50313 89.34 0.0753 0.00 0.00 7.08 0 100.00

P & L A/c

(Amount in Rs. million)

2009-10 Income Sales Other Income TOTAL 76,490.5 1955.02 78445.7 64,396.2 1865.36 66261.8 38,515.5 978.04 39493.9 2008-09 2007-08

% (percentage)
2009-10 2008-09 2007

97.51 2.49 100

97.18 2.82 100

97.52 2.48 100

Expense Purchase Factory Exp. Adm. Exp. dep. other Exp. TOTAL PBT TAX PAT TOTAL 75,834.6 915.96 184.35 55.21 135.13 77125.2 1317.93 386.74 931.19 78445.07 63,864.3 871.65 150.11 62.16 177.67 65125.9 1135.47 268.21 867.26 66261.38 38,074.8 618.08 79.86 30.83 100.13 38903.7 589.34 103.09 486.25 96.67 1.17 0.24 0.07 0.17 98.3175 1.68 0.49 1.18941 96.38 1.32 0.23 0.09 0.27 98.2863 1.71 0.40 1.30884 100 96.41 1.57 0.20 0.08 0.25 98.5077 1.49 0.26 1.23122 100

39493.09 100

ANALYSIS OF COMMAN SIZE

Sales turnover ratio is decreases in 2008-09, it shows that the companys sales is decrease in 2008-09 compare to its previous year and after that in 2009-2010 companys sales again increase at a high rate it shows company is in sound position PAT is increasing in given 3 years, but there is a slight rise in 2008-09 compare to 20092010 due to recession and expiation of an international business of the company. The share capital in increasing over the last three years, Because of it is increasing their interest rate by increase secured loan in place of unsecured loan. Company is having a command over the market in 2008-09 that can be interpret from the available capital in the given year that shows the .PTC INDIA LTD is at a maturity stage.

TRAND ANALYSIS

Balance sheet
(Amount in Rs. million)
2009-10 2008-09 2007-08

% (percentage)
2009-10 2008-09 2007-08

Share Capital Reserve & Surplus secured Loan monetary interest Deferred tax liability Total

2945.47 18390 3108.01 1419.75 128.35 25991.58

2,274.19

2,274.19

129.52

100.00 106.39 0.00 0.00 153.79 116.12

100.00 100.00 0.00 0.00 100.00 100.00

13321.71 12,521.37 146.87 200 1,362.91 690.86 0 0 59.08 0.00 0.00 217.25 174.97

17249.67 14854.64

Fixed Assets exploratory work in progress Investment CA CL CA-CL Miss. Exp. Total

766.87

499.45

520.09

147.4495

96.03 40.15 86.05 0.00 0.00

100.00 100.00 100.00 0.00 0.00 100.00 100.00 100.00

10,757.97 5325.48 10.25 9.62

13,263.35 81.1105 11.18 91.6816 0.0000 0.0000

18,441.80 14426.23 3731.51 3,985.36 3011.15 2679.79

14,456.49 11415.08 1051.72 0.04 25991.58 13.95

1374.5569 1085.37 0 174.91 0.29 116.08

17249.67 14860.29

P & L A/c Amt. 2009-10 Income Sales Other Income TOTAL 76,490.50 1955.02 78445.52 64,396.20 1865.36 66261.56 38,515.50 978.04 39493.54 198.60 199.89 198.63 167.20 190.72 167.78 100.00 100.00 100.00 2008-09 2007-2008 2009-10 % 2008-09 2007-2008

Expense Purchase Factory Exp. Adm. Exp. dep. other Exp. TOTAL EBT TAX PAT TOTAL 75,834.60 915.96 184.35 55.21 135.13 77125.25 1320.27 93.7 1226.57 78445.52 63,864.30 871.65 150.11 62.16 177.67 65125.89 1135.67 51.44 1084.23 66261.56 38,074.80 618.08 79.86 30.83 100.13 38903.7 589.84 48.59 541.25 39493.54 199.17 148.19 230.84 179.08 135 198.25 223.84 192.84 226.62 198.63 167.73 141.03 187.97 201.62 177 167.40 192.54 105.87 200.32 167.78 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

. ANALYSIS TREND ANALYSIS compares data of any two year compare to previous year, here the previous year is consider as an 100 and on the biases of that year another years data is compared. Share capital is increasing over the last three years as there is international scope available. Reserves & surplus is also increasing over the year except 2008-09. Total Assets of the firm is increasing over the last three years. From P&L a/c, we show that sales turnover is increasing over the last three years.

SWOT ANALYSIS

STRENGTHS: WIDELLY AVAILABLE MARKET the main strengths of ptc india ltd is large market.. Ptc india ltd covers 53% of total market share of power industry of India. That shows capacity of the company is high then their competitors to treat of new entry is not so vital problem for the ptc India ltd because ptc is having and stronger market position in Indian market. The trading margins in the power trading business have been capped by CERC at 4 paise per unit. Thus, the power trading business is essentially a volume game. The company has focused on the long term PPAs to ensure the volume growth over the next few years. As of now, the company has signed PPAs for more than 16,313.5MW of capacity. The company also had outstanding MOUs for about 18,290 MW of capacity which is expected to result in the substantial growth in the traded volumes over the next few years. Over the past few quarters there has been substantial growth in the MOUs turning into the PPAs which is a positive sign for the company as the PPAs ensure volume growth WEAKNESS: Risk Arising out of Volatility of Capital Markets 1. The prices of our Equity Shares on the stock exchanges may fluctuate as a result of several factors, including: _ Volatility in the Indian and global securities market; _ Our results of operations and performance; _ The market for investments in Power and Power Trading sector; _ Performance of the Indian economy;

_ Significant developments in Indias economic liberalization and deregulation policies, specifically those related to Power sector; and; _ Significant developments in Indias fiscal and environmental regulations. Risks arising from changes in taxation policies Statutory taxes and other levies may affect our margin in the event of our inability to factor such expense in our trading margin. Any increase in any of these taxes or levies, or the imposition of new taxes andlevies in the future, may have a material adverse impact on our business, results of operations and financial condition. OPPORTUNITY PTC INDIA LTD is having an golden opportunity to trade with forign countries which give long term and sustainable growth in future.with the help of these opportunity company can raise 23% profit compare to its current position. Company has try to expande towards international trade and that will provide favorable situation to the company also. TREATS
AVAILABLE COMPETITORS: Available competitors are the main treat because non of the market is not completed without competitors and the another treats for the company is treat of losing market because of company is focus on the international tread .

FINDINGS

1. The current ratio has shows increasing trend 1.39, 3.33, 4.04 which describes that the company is having much current assets to meet his current liabilities. 2. The net profit ratio is increasing continuously from 2007-08 to 2009-10, this ratio is in increasing trend over the three years period. Which again shows that the company has an good position over the market and it has built market image and goodwill in the eyes of their share holders. 3. Operating expense ratio of the company is decrease which shows that the operating expenses are less that the only reason for the companies continuous profit and that would also provide reserves for the company. 4. Fixed assets turn over ratio indicates the efficiency with which firm uses all its assets to generate sales even company is in the position to utilize its resources and get best use of that available resources which again reduces its material usage and that would generate profitable situation for the company. 5. Company is Your company has completed another innovative year of its operations, wherein it has sustained and maintained its leadership position in the industry. The trading volumes were 32% higher this year at 18236 MUs as against 13825 MUs during the previous year.

SUGGESTION

1. PTC India ltd is focuses on international trade and due to that other competitors companies in power generating sector are grape the opportunities . 2. PTC India ltd is visionary company but the drawback is its always focus on long-term aspects of the business and short term opportunities are engorged by the company. 3. These industry contains 53% of the market share and compare to that companys profit is beat low and that would be difficult to the company. 4. As previous 3 or 4 years were very critical for the power industries due to inflation so PTC India ltd also suffering less market accessibility so for that kind of critical situation company should reserve some amount that could be helpful in to those situation.

Suggestion releted to investment:-

In 2002-2003 company is aquirning good market positon but still compnays is not able to make his own reputation in to open market the goodwill of the company is not as high as compare to current position. About investment company is right now at a maturity level it is an golden time for company and company currently deal wilh nepal and bhutan so in future company is going to make profit and that will give vital range of benefits to its share holders and it will genrating good amount of profit from previous 3 years and that will bilt nice reputation in to the market.

Even prices of the share of the company is also high, but liquidity postion of the company is very smooth so that also inspire othe share holders to invest their money in to PTC INDIA LTD.