Mukul Agrawal stock jumps after its subsidiary receives order from Blue Origin

Synopsis: PTCIL has recently informed the exchange that its subsidiary company won development and supply order from Blue Origin for large superalloy Investment Castings for New Glenn’s BE-4 Engines

The shares of this small-Cap company is engaged  in manufacturing high-precision, critical metal components, primarily castings, for demanding sectors like Aerospace, Defence, Oil & Gas, Marine, and Energy, are in focus after its arm bags Blue Origin rocket engine contract.

With a market capitalization of Rs. 26,375  Crores, the shares of PTC Industries Ltd jumped upto 2.5 percent upon making a high of Rs. 18,000 compared to its previous closing price of Rs. 17561 

Aerolloy Technologies, a wholly owned subsidiary of PTC Industries, has secured a development and supply order from Blue Origin for large superalloy investment castings used in BE-4 engines of the New Glenn rocket. The order marks Aerolloy’s entry into orbital launch systems and covers critical nickel-based superalloy components for liquid oxygen systems.

These parts are highly complex and are made by only a very small number of companies globally due to strict quality and technical requirements. The order was awarded after Aerolloy successfully completed detailed technical, regulatory, and compliance checks, supported by its newly commissioned Vacuum Induction Melting (VIM) furnace, which is among the largest in operation worldwide.

Programme significance

For Blue Origin, this partnership strengthens its supply chain for the New Glenn program, which is a reusable heavy-lift rocket powered by seven BE-4 engines and has already reached orbit. The components supplied by Aerolloy are vital for engine performance, safety, and reusability. For PTC Industries and Aerolloy, this order establishes them as qualified suppliers for orbital-class rocket engines and expands their presence beyond aerospace and defence into space launch systems. 

It also supports India’s growing role in global space manufacturing by adding high-value exports and aligning with the country’s focus on building strong, globally competitive manufacturing capabilities.

Financials

PTC Industries Limited is one of the leading Indian companies that manufactures precision metal parts used in critical and high-performance areas such as aerospace and defence, with a track record of over 60 years. Through its wholly owned subsidiary, Aerolloy Technologies, the company supplies titanium and superalloy materials and castings to both Indian and global customers.

 PTC is expanding its operations through a multi-million-dollar investment in its Strategic Materials Technology Complex at Lucknow under the Uttar Pradesh Defence Industrial Corridor. This facility will support end-to-end manufacturing, from alloy melting to finished components, helping PTC strengthen India’s position in the global aerospace and defence supply chain.

Year on Year analysis: Revenue from operations has increased from Rs. 72 Crores to Rs. 125 Crores, up 73.6 percent. Operating profit has increased from Rs. 21 Crores to Rs. 26 Crores, up 24 percent and net profit has increased from Rs. 17 Crores to Rs. 18 Crores, up 5.8 percent 

Quarter on Quarter analysis: Revenue from operations has increased from Rs. 97 Crores to Rs. 125 Crores, up 29 percent. Operating profit has increased from Rs. 9 Crores to 26 Crores, up 188 percent and net profit has increased from Rs. 5 Crores to Rs. 18 Crores, up 260 percent 

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