ATV Projects India Ltd Stock Analysis

BSE: 500028 | NSE: ATVPROJ | Engineering - Industrial Equipments | Small Cap

BSE Share Price 02-Dec-2022 18:01
9.94 0.10 (1.02%)

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ATV Projects India Price Chart

P/E Ratio (SA) :
11.42
Market Cap :
52.8 Cr.
52-wk low :
6.5
52-wk high :
17.8
Bole Toh?

1. Is ATV Projects India Ltd a good quality company?

Data is not available for this company.

2. Is ATV Projects India Ltd undervalued or overvalued?

The key valuation ratios of ATV Projects India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is ATV Projects India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ATV Projects India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of ATV Projects India:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0.5%0.7%5%4.6%19.7%5.5%0.1%1%1.6%1.9%-
Value Creation Index -1.0-1.0-0.7-0.70.4-0.6-1.0-0.9-0.9-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 38.65662.876.359.854.440.837.733.832.537
YoY Gr. Rt. %-45.1%12.1%21.6%-21.7%-9%-24.9%-7.6%-10.4%-3.9%-
Adj EPS 0.20.32.42.39.22.50.10.50.70.90.9
YoY Gr. Rt. %-33.3%643.8%-5.5%308.9%-72.4%-97.6%666.7%56.5%23.6%-
BVPS (₹) -45.6-45.2-28.4-2720.93434.234.734.935.635.8
Adj Net Profit 1.31.712.71248.913.50.32.53.84.75
Cash Flow from Ops. 11.42.8-8.410.9-14.120.63.79-4.84.9-
Debt/CF from Ops. 42.8176.3-48.937-93.718.86.9-12.911-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.9%-11.5%-7.3%-3.9%
Adj EPS 15.7%-37.3%145.7%23.6%
BVPS 011.31.42
Share Price 20.4% 0.9% 42.4% -20.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -0.5-0.7-6.5-8.2-301.49.40.21.42.12.62.4
Op. Profit Mgn % -2.23.23.115.18.52.67.29.810.69.37.9
Net Profit Mgn % 3.33.120.215.781.824.80.76.511.314.512.6
Debt to Equity -2-2.1-2.8-2.81.20.40.40.30.30.30.3
Working Cap Days 335265283260382429458399437527367
Cash Conv. Cycle 154120127132236301284219243301211

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.40%

Net Profit is growing at healthy rate in last 3 years 145.70%

Sales growth has been subdued in last 3 years -7.33%

Sales growth is not so good in last 4 quarters at -0.65%

Latest Financials - ATV Projects India Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 -
TTM Sales (₹ Cr.) 36.7 -
BVPS (₹.) 35.8 -
Reserves (₹ Cr.) 137 -
P/BV 0.28 -
PE 11.42 -
From the Market
52 Week Low / High (₹) 6.48 / 17.75
All Time Low / High (₹) 0.35 / 80.00
Market Cap (₹ Cr.) 52.8
Equity (₹ Cr.) 53.1
Face Value (₹) 10
Industry PE 22.3

Management X-Ray of ATV Projects India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.144.144.140.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of ATV Projects India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

ATV Projects India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ATV Projects India on 02-Dec-2022 18:01 is : 9.94.
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 02-Dec-2022 18:01 the market cap of ATV Projects India stood at ₹ 52.80.
The latest PE ratio of ATV Projects India as of 02-Dec-2022 18:01 is 11.42.
The latest PB ratio of ATV Projects India as of 02-Dec-2022 18:01 is 0.28
The 52-week high of ATV Projects India is ₹ 17.75 and the 52-week low is ₹ 6.48.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of ATV Projects India is ₹ 36.74 ( Cr.) .

About ATV Projects India Ltd

ATV Projects India, incorporated on February 26, 1987, is engaged in the business of executing turnkey projects. The company's manufacturing facilities are located at Mathura in Uttar Pradesh, Mumbai and Nagothane in the Raigad district of Maharashtra. The thermoplastic elastomer plant at Nagothane has been idle for over five years on account of non-availability of working capital. The company is sick industrial company and is registered with the Board of Industrial and Financial Reconstruction (BIFR).

Milestones:

1987 • The company was incorporated on February 26, at Mumbai with the object of taking over Anand Tanks & Vessels Pvt. Ltd, a company executing projects on a turnkey basis under a scheme of amalgamation.

• Anand Tanks & Vessels was amalgamated with the company effective September 28.

• The main object and activities of the company include fabrication and manufacture of full range of tanks and vessels for sugar and other industries, manufacture of effluent treatment and LPG bullets used for transportation of liquid petroleum gas and undertaking turnkey projects for petrochemicals, pharmaceuticals etc.

• As per the Bombay High Court order dated June 18, Anand Tanks & Vessels was amalgamated with the company, with effect from April 1.

• An agreement was signed with Ishiwakajima Harima Heavy Industries Co Ltd, Japan for expansion and modernisation of the Mathura works to undertake manufacture of equipment for high-tech process industries like petroleum, petro-chemical, power, fertilisers and for welding and fabrication of exotic metals.

• The company was selected as a joint co-promoter by the Pradeshiya Industrial and Investment Corporation of UP Ltd. (PICUP) for the setting up of a plant with a licenced capacity to manufacture 5,000 tonnes per annum of MMA monomer and 6,000 tonnes per annum of PMMA products. â€¢ In the power field, an agreement was signed with SEMT - Pielstick of France to produce and supply generating sets rated from 6 MW to 20 MW.

• As on September 30, the company's land, building, plant and machinery were revalued and the net surplus of Rs 16,649 lakh arising out of this was credited to the revaluation reserve.

1988 • The company installed additional facilities with respect to expansion of the main factory building, installation of additional equipments and improved site facilities. Also, in order to gear up the Mathura unit into a full-fledged in-house manufacturing facility, certain balancing and modernizing equipments were added.  

 1989 • The company signed a technical collaboration agreement with Dedini S.A Mettalurgica of Brazil for the manufacture of bagasse-based boilers, which are to be used in sugar plants. 

1990 • The company signed a technical know-how agreement with Filex Corporation, Houston, USA, for the manufacture of thermoplastic elastomers with a capacity of 20,000 tonnes per annum. Under the agreement, the collaborator was to supply the process, know-how, services of experts, training, start-up and commissioning assistance as well as assistance for the development, application and marketing for the product.

• The company acquires 50 acres of land at villages Balasai and Godsai near Nagothane in the Raigad district of Maharashtra.       

1991• The company entered into a fresh agreement under which it would act in consortium for the supply of equipment and services in respect of the orders negotiated by the French company with state electricity boards in India.

• ATV Projects entered into an agreement with a Dutch organisation -- Stock Industrial Engineering B V -- for the manufacture of three roller mills, which give a higher efficiency and output for sugarcane crushing in sugar plants.

• The company entered into a joint venture agreement for a project with two leading industrialists of Malaysia to set up an integrated sugar complex comprising sugar plantation, sugar mill and other related facilities. The joint venture agreement envisages that the company, as a foreign shareholder, will hold 50% of the equity capital of the new Company Gula Sabah Sdn. Bhd.  

1992 • The company undertook to set up a plant at Nagathane, Dist Raigad, Maharashtra for the manufacture of 20,000 TPA of thermoplastic elastomer, a product that finds application in industries such as footwear, automobiles, cables, adhesives, moulded luggage, etc. â€¢ Further expansion of compounding facility was proposed to be set up at Silvassa. Technologists of the project were trained at Applicazioni Plastiche Industrial spa, Italy.

• The company had set up a joint venture in the name of Gula Subah Sdn Bhd with two leading industrialists of Malaysia wherein the foreign shareholder was to hold 50% in the equity share of the joint venture. Pending certain clearances from the Malaysian government, further implementation of the joint venture was kept in abeyance.

• The company was promoted to undertake manufacture of 1,20,000 TPA of purified Terephthalic Acid at Chatha, Dist, Mathura, UP. 

1993 • The Mathura division manufactured two stage electrostatic desalter of 5.5 million tonnes capacity for Mathura refinery of the Indian Oil Corporation.

• Based on the technical know-how secured from Stock international, the division manufactured a roller crane crushing mill for a sugar factory in Akola.

• Project and construction division was expanded, all the systems were computerised and modernised and its capacity was strengthened to execute projects.

• The petro pipe division was being developed at the Mathura works.

1994 • After switching over to computerised design system. The project and construction division tied up with renowned engineering companies in the field of oil, gas and power for bidding and execution of international tenders.

• International division has been set up for global contacts. The first step is to enter into world market where products cycles are very short.

• The company undertook to set up its own TPE compounding unit at Nagothane, consisting of 5 lines and 15000 TPA capacity.

• The company undertook to set up a plant for manufacture of sugar and another for dairy products, 60 acres of land was acquired at Mant, UP

Business areas of the company:

The company undertakes conversion jobs for power plants, boilers, heat exchangers and other works, supplying equipment for several industries such as sugar, fertilizer, chemical, petrochemicals, steel, power, nuclear power, and allied industries by manufacturing equipment parts and components at its Mathura plant and executing the remaining parts at various sites of its clients.

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