Archive · 8 Dec 2025
PTC Industries Signs Long-Term Deal with Honeywell
PTC Industries, an Indian company, has made a big deal with Honeywell, a global aerospace company.
PTC will supply special metal parts for aerospace applications, like airplane engines.
This deal is important because it shows that India can make high-quality, complex parts for the global market.
PTC has also made other deals with big companies like Safran and Dassault, which means they have a lot of work and orders in the future.
A financial expert, Antique Stock Broking, thinks PTC is a good company to invest in and has set a high target price for its stock.
They believe PTC will make a lot more money in the next few years and will be worth more in the future.
PTC Industries signed a long-term agreement with Honeywell Aerospace Technologies for the supply of titanium and superalloy precision investment castings.
Antique Stock Broking maintained a 'Buy' rating on PTC Industries with a target price of Rs 23,005, valuing the company at 50 times FY28 earnings.
PTC Industries has signed several significant agreements with global defence and aerospace majors, providing long-term order book visibility.
The company's recent Lokarpan ceremony for its titanium and superalloy materials plant is a milestone in India's push for self-reliance in strategic materials.
Antique projected significant growth in PTC's earnings, with net profit expected to rise more than 11 times from FY25 levels to FY30.
- Who
- PTC Industries Ltd and Honeywell Aerospace Technologies
- What
- Long-term agreement for supply of titanium and superalloy precision investment castings
- When
- Recent months (exact date not specified)
- Where
- India
- Why
- To supply complex, high-value aerospace parts to global original equipment manufacturers
- Company
- PTC Industries Ltd
- Subsidiary
- Aerolloy Technologies
- Partner
- Honeywell Aerospace Technologies
- Agreement Scope
- Supply of titanium and superalloy precision investment castings
- Brokerage
- Antique Stock Broking
- Target Price
- Rs 23,005
- Earnings Multiple
- 50 times FY28 earnings
- Projected Ebitda FY28
- Rs 982 crore
- Projected Ebitda FY30
- Rs 2,300 crore
- Projected Net Profit FY28
- Rs 688 crore
- Projected Net Profit FY30
- Rs 1,600 crore