Pitti Laminations Research Report By ICICI-Direct

Pitti Laminations (Pitti) is a leading manufacturer of electrical steel laminations, motor cores, sub-assemblies, die-cast rotors and press tools. These products find application in basic capital goods products viz. motors and alternators, which are the quintessential products used in process engineering. With the domestic capex cycle at the cusp of a cyclical recovery and good exports visibility, we expect Pitti’s sales and PAT to grow at a CAGR of 21% and 62%, respectively, in FY14-17E.

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