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Atmastco Ltd (ATMASTCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ATMASTCO Engineering - Industrial Equipments | Small Cap | Atmastco Share Price

BSE Share Price
Not Listed

Atmastco Ltd (ATMASTCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ATMASTCO Engineering - Industrial Equipments | Small Cap | Atmastco Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹434 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹6.9
TTM Sales
₹293 Cr.
Book Value per Share
₹57.3
P/E Ratio
23.94
Lower than its 3-year historical median
Industry PE
57.8
Price to Book (P/B)
2.90
Lower than its 3-year historical median
Price to Sales (P/S)
1.48
Lower than its 3-year historical median
EV/EBITDA
9.27
Lower than its 3-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
16.82%
Outperforms industry median
Return on Capital Employed (ROCE)
21.88%
Outperforms industry median
Return on Assets (ROA)
5.59%
Operating Profit Margin
15.4%
Net Profit Margin
6.87%
Gross Profit Margin
9.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
29.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.01%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
19.03%
Asset Quality
Promoter Holding
66.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹124 Cr.
Equity
₹26.2 Cr.
Face Value
₹10
All Time Low / High
- / -

Atmastco stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Atmastco Ltd a good quality company?
Atmastco Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Atmastco Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Atmastco Ltd vs industry peers?
Atmastco Ltd revenue CAGR is 20.21%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Atmastco Ltd?
Promoters hold 66.14% of the Atmastco Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 How do the current valuation ratios compare with 5-year historical median and industry numbers?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Atmastco Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.6%13.9%16.3%16.8%13.6%9.2%13.3%25.5%23.3%21.9%-
Value Creation
Index
0.30.00.20.20.0-0.3-0.10.80.70.6-

Growth Parameters

Sales 73.162.910699.911569.493.6242224290293
Sales YoY Gr.--13.9%69%-6.1%15.5%-39.9%34.9%158.5%-7.4%29.3%-
Adj EPS 1.30.82.12.31.70.31.76.66.886.9
YoY Gr.--39.4%160%10.6%-28.3%-80.6%421.9%297.6%1.7%19.1%-
BVPS (₹) 13.113.91618.42020.32228.743.851.857.3
Adj Net
Profit
2.51.544.43.20.63.212.816.719.918
Cash Flow from Ops. 6.3-66.99.810.81.19.420.9-19.5-33.3-
Debt/CF from Ops. 4.3-6.46.15.14.251.55.53.4-3.6-2.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.5%20.2%45.7%29.3%
Adj EPS 22.2%37.3%68.9%19.1%
BVPS16.5%21%33.1%18.4%
Share Price - - - -30.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
10.15.913.913.48.61.67.926.220.416.812.7
Op. Profit
Mgn %
14.89.310.113.210.913.61512.917.415.4NAN
Net Profit
Mgn %
3.52.43.84.42.80.93.45.37.56.96.2
Debt to
Equity
1.11.41.41.41.21.41.21.30.70.6-
Working Cap
Days
03082312512233732961652773110
Cash Conv.
Cycle
0147136130112248203801261510

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales73631061001156994242224290
Operating Expenses + 625796871036080211185245
Manufacturing Costs43316171011505756
Material Costs4236725570395612894149
Employee Cost 6477767141414
Other Costs 1113139855192125
Operating Profit 116111313914313944
Operating Profit Margin (%) 14.8%9.3%10.0%13.2%10.9%13.6%14.9%12.9%17.4%15.4%
Other Income + 1422111111
Exceptional Items 0000000000
Interest 6657778101313
Depreciation 2222223444
Profit Before Tax 4266415182328
Tax 1122101568
Profit After Tax 3244313131720
PAT Margin (%) 3.5%2.4%3.8%4.4%2.8%0.9%3.5%5.3%7.5%6.9%
Adjusted EPS (₹)1.30.82.12.31.70.31.76.66.88.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Atmastco - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2527313539394255108128
Share Capital 11115151515152525
Reserves 252630212424284084103
Debt +25374147435249676870
Long Term Debt323871119272524
Short Term Debt22353839374131404346
Minority Interest0000000000
Trade Payables18162129251918604795
Others Liabilities 8813161810235468126
Total Liabilities 7788107127125120133236291420

Fixed Assets

Net Fixed Assets +20192126283028302724
Gross Block27283239434848535556
Accumulated Depreciation791113151820242832
CWIP 1117400000
Investments 0000000000
Inventories232729454948479691137
Trade Receivables162641313131394384163
Cash Equivalents 8791210810495849
Others Assets 8767338193147
Total Assets 7788107127125120133236291420

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6-6710111921-20-33
PBT 4266415182328
Adjustment 887989991212
Changes in Working Capital -4-15-5-4-2-8-5-7-58-69
Tax Paid -1-1-1-20-00-03-4
Cash Flow From Investing Activity + -3-0-5-12-1-11-50-0
Capex -3-0-5-12-1-1-0-5-1-1
Net Investments 0000000000
Others 000-0-011111
Cash Flow From Financing Activity + -16-15-11-3-7222924
Net Proceeds from Shares 00000000320
Net Proceeds from Borrowing 0-105-15-07-2-1
Interest Paid -6-6-5-7-7-7-8-6-9-8
Dividend Paid 0000000000
Others 41347-2-2121733
Net Cash Flow 2-013-1-333910-9

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.075.8813.8613.388.611.737.9326.220.4316.82
ROCE (%)18.6113.916.2716.8413.589.213.3325.523.3221.88
Asset Turnover Ratio10.781.10.991.080.720.861.510.910.91
PAT to CFO Conversion(x)2-31.752.53.67131.62-1.18-1.65
Working Capital Days
Receivable Days78.30120.70113.50114.3084.10161.60118.1053.9096.80139.10
Inventory Days111.60144.6095.90116.70126173.80160.2094.20142.60128.30
Payable Days156.10170.5094.10165.50139.20187.80120.80111209.40174.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Atmastco Ltd FAQs

The current trading price of Atmastco on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Atmastco stood at ₹434.1 Cr

The latest P/E ratio of Atmastco as of 31-Dec-1969 is 23.94.

The latest P/B ratio of Atmastco as of 31-Dec-1969 is 2.90.

The 52-week high of Atmastco is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Atmastco is ₹293 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Atmastco Ltd is a average quality company.

The key valuation ratios of Atmastco Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Atmastco Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Atmastco Ltd

Atmastco Limited was originally incorporated in the name & style of ‘Atmastco Private Limited’ at Bhilai, Chhattisgarh (then Madhya Pradesh) as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 7, 1994 issued by the Registrar of Companies, Madhya Pradesh and Gwalior. On December 02, 1994, the Company acquired the ongoing business of a partnership firm i.e., M/s. Atmastco having principal place of business at Bhilai, Madhya Pradesh (currently in Chhattisgarh) which commenced its business operations in 1988 and where one of its promoters Subramaniam Swaminathan Iyer was partner. Subsequently, the company was converted into a Public Limited Company pursuant to special resolution passed by the shareholders of the company at Extra- ordinary General Meeting held on March 22, 2016 and consequently the name of the Company was changed from ‘Atmastco Private Limited’ to ‘Atmastco Limited’ vide a fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited Company dated May 10, 2016 was issued by the Registrar of Companies, Chhattisgarh.

The company is engaged in the business of executing turnkey/Engineering Procurement and Construction Company (EPC) contracts in ferrous and non-ferrous sector and providing end-to-end solutions offering multi-disciplinary services and project management solutions. The company has forayed into the business of providing EPC services in ferrous and nonferrous sector in the year 2020. It has acquired business in verticals like Metal (ferrous & nonferrous), Oil & Gas, Air Pollution Control, Lime & associated processing in last three years. The company is engaged in the business of design, manufacturing and supply of precision equipments and heavy fabrication structures for various industrial use. It undertakes designing, Engineering, Fabrication and Erection work for its clients as per their specifications and customizations. 

The company is also into manufactured products i.e. design, manufacturing and supply of precision equipments and heavy fabrication structures for various industrial use and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns etc. which are used in Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants. Pre-Engineered Building etc. It has more than two decades of experience in executing projects involving manufacturing and fabrication work of heavy structures.

Business area of the company

The company is engaged in the business of executing Turnkey / Engineering, Procurement, and Construction (EPC) contracts in ferrous and nonferrous sector and provides end-to-end solutions offering multi-disciplinary services and project management solutions.

History and milestones 

  • 1994: Incorporation of the Company in the name and style of ‘Atmastco Private Limited’.
  • 1994: Acquisition of partnership firm M/s Atmastco, where one of its promoters Mr Subramaniam Swaminathan Iyer was partner.
  • 2006: Awarded the ‘Certificate of Excellence’ in Vendor meet 2006 for their meritorious performance by NEG Micon (India) Pvt Ltd.
  • 2012: Started manufacturing Heavy Structures for Super Critical Boilers for Bharat Heavy Electricals Ltd. and L&T.
  • 2016: Conversion into Public Limited Company as ‘Atmastco Limited’. Received certificate of Achievement for outstanding contribution of Team work in EHS (Environment Health and Safety) from L & T Construction.
  • 2019: Awarded ‘ZED’ (Zero Defect Zero Effect) Certificate by Ministry of Micro, Small & Medium Enterprises and Quality Council of India.
  • 2020: Entered into licensing agreement for transfer of technology with Defence Materials and Stores Research and Development Establishment (DMSRDE), Kanpur and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture bullet -proof jackets & helmets specially for military application.
  • 2020: Entered into licensing agreement for transfer of technology with Defence Institute for Physiology & Allied Sciences (DIPAS), Delhi and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture full body protector for female troops.
  • 2020: Grant of Industrial License to set up industrial undertaking to manufacture protective safety equipments - Bullet Proof Jackets & Helmets specially designed for military applications by the Industrial Licensing Section of the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Government of India.
  • 2020: Incorporated a wholly owned Subsidiary ‘Atmastco Defence Systems Private Limited’ with an objective to carry on the business of manufacture of bullet proof jackets & helmets especially for military application and full body protector for female troops and related activities.
  • 2020: Endorsement of licensing agreement for transfer of technology with Defence Materials and Stores Research and Development Establishment (DMSRDE), Kanpur and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture bullet -proof jackets & helmets specially for military application from Atmastco Limited to Atmastco Defence Systems Private Limited.
  • 2020: Endorsement of licensing agreement for transfer of technology with Defence Institute for Physiology & Allied Sciences (DIPAS), Delhi and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture full body protector for female troops from Atmastco Limited to Atmastco Defence Systems Private Limited.
  • 2021: Ventured into business of providing EPC services in Ferrous and Non-Ferrous domain
  • 2022: Transfer of Industrial License to set up industrial undertaking to manufacture protective safety equipments – Bullet Proof Jackets & Helmets specially designed for military applications by the Industrial Licensing Section of the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Government of India from Atmastco Limited to Atmastco Defence Systems Private Limited.

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