Patels Airtemp (India) Ltd - Stock Valuation and Financial Performance

BSE: 517417 | NSE: | Engineering - Industrial Equipments | Small Cap

Patels Airtemp (I) Share Price

664.35 -3.35 -0.50%
as on 10-Dec'24 16:59

DeciZen - make an informed investing decision on Patels Airtemp (I)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Patels Airtemp (India) stock performance -

mw4me loader
P/E Ratio (SA):
22.19
Market Cap:
363.4 Cr.
52-wk low:
341.1
52-wk high:
900

Is Patels Airtemp (India) Ltd an attractive stock to invest in?

1. Is Patels Airtemp (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Patels Airtemp (India) Ltd is a average quality company.

2. Is Patels Airtemp (India) Ltd undervalued or overvalued?

The key valuation ratios of Patels Airtemp (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Patels Airtemp (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Patels Airtemp (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 Patels Airtemp (I):

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.
Patels Airtemp (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 17.3%17.5%19.1%18%13.7%17.2%15.7%14.3%13%14.3%-
Value Creation
Index
0.20.30.40.30.00.20.10.0-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 113127136158151237255303281371398
Sales YoY Gr.-12.3%7.5%16.2%-4.6%57.3%7.6%18.7%-7.2%31.7%-
Adj EPS 12.214.115.817.214.120.922.723.919.626.529.9
YoY Gr.-15.2%12.3%8.7%-18.2%48.5%8.9%5.3%-18%35%-
BVPS (₹) 105.4116.8132.3146157.4176.6196.3218.2237260.9273
Adj Net
Profit
6.27.188.77.110.611.512.110.714.516
Cash Flow from Ops. -0.18-3.28.26.611.18.5-12.84.811.1-
Debt/CF from Ops. -222.31.3-7.33.76.447.5-6.919.78.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%19.7%13.2%31.7%
Adj EPS 9%13.5%5.3%35%
BVPS10.6%10.6%10%10.1%
Share Price 14.9% 44.5% 52% 57.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.112.712.712.49.312.512.211.68.910.711.2
Op. Profit
Mgn %
12.711.812.912.511.59.710.39.410.79.59.3
Net Profit
Mgn %
5.55.65.95.54.74.54.543.83.94.1
Debt to
Equity
0.50.20.40.40.50.50.60.80.70.70.1
Working Cap
Days
157167194238317275306269346306132
Cash Conv.
Cycle
779912716021817317216120317945

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.20%

Sales growth is growing at healthy rate in last 3 years 13.23%

Debt to equity has declined versus last 3 years average to 0.65

Sales growth is good in last 4 quarters at 20.78%

Net Profit has been subdued in last 3 years 5.27%

Latest Financials - Patels Airtemp (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 29.9 27
TTM Sales (₹ Cr.) 398 371
BVPS (₹.) 273 260.9
Reserves (₹ Cr.) 145 137
P/BV 2.43 2.55
PE 22.19 24.62
From the Market
52 Week Low / High (₹) 341.05 / 900.00
All Time Low / High (₹) 1.21 / 900.00
Market Cap (₹ Cr.) 363
Equity (₹ Cr.) 5.5
Face Value (₹) 10
Industry PE 62.8

Management X-Ray of Patels Airtemp (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Patels Airtemp (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales113127136158151237255303281371
Operating Expenses 98112119139134214229275251336
Manufacturing Costs19222730254244434251
Material Costs6371718385143146189174244
Employee Cost 678891012121315
Other Costs 10121217142027312225
Operating Profit 14151720172326283035
Operating Profit Margin (%) 12.7%11.8%12.7%12.4%11.5%9.7%10.2%9.3%10.7%9.5%
Other Income 0010121112
Interest 323557891213
Depreciation 2233333444
Exceptional Items 0000000000
Profit Before Tax 10111213111515171520
Tax 3444334445
Profit After Tax 678971111121115
PAT Margin (%) 5.5%5.6%5.8%5.4%4.8%4.8%4.5%4.1%4.0%4.0%
Adjusted EPS (₹)12.214.115.617.014.422.322.424.520.526.9
Dividend Payout Ratio (%)18%16%16%15%17%11%11%11%15%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 535967748090100111130143
Share Capital 5555555555
Reserves 48546269758494106124137
Minority Interest0000000000
Debt25102430424564889488
Long Term Debt3668101314292015
Short Term Debt2251722323149597473
Trade Payables14122031296459407674
Others Liabilities 11151812416260466166
Total Liabilities 10497128148191261282284360371

Fixed Assets

Gross Block39414444486274828688
Accumulated Depreciation16182123262832353942
Net Fixed Assets23232321223343474745
CWIP 0010031000
Investments 0000000000
Inventories262329517210110398150170
Trade Receivables2335576265919291111106
Cash Equivalents 22614102411236115
Others Assets9105492021424245
Total Assets 10497128148191261282284360371

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 08-387118-13511
PBT 10111213111515171520
Adjustment 54356910121516
Changes in Working Capital -11-3-15-6-5-9-14-37-22-17
Tax Paid -3-4-4-4-4-4-4-5-4-8
Cash Flow From Investing Activity -1-6-1-1-3-17-9-6-3-1
Capex -4-3-3-1-4-18-10-7-4-2
Net Investments 0000000000
Others 3-310111111
Cash Flow From Financing Activity 7-1811-116-610143-17
Net Proceeds from Shares 00-10000090
Net Proceeds from Borrowing 001223115-9-4
Interest Paid -3-2-1-3-4-7-8-9-12-13
Dividend Paid 000-2-1-1-1-1-1-2
Others 9-1613-89-1189172
Net Cash Flow 6-166-410-129-55-7
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)12.0812.6912.5312.219.5113.3512.0311.89.3110.79
ROCE (%)17.2617.519.0717.9513.7417.2115.7414.2912.9514.34
Asset Turnover Ratio1.291.371.321.150.891.050.941.070.871.02
PAT to CFO Conversion(x)01.14-0.380.89110.73-1.080.450.73
Working Capital Days
Receivable Days5477113136154120131110131107
Inventory Days75656492148133146121160157
Payable Days81668111212911915496122112

Patels Airtemp (India) Ltd Stock News

Patels Airtemp (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Patels Airtemp (I) on 10-Dec-2024 16:59 is ₹664.4.
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 10-Dec-2024 16:59 the market cap of Patels Airtemp (I) stood at ₹363.4.
The latest P/E ratio of Patels Airtemp (I) as of 10-Dec-2024 16:59 is 22.19.
The latest P/B ratio of Patels Airtemp (I) as of 10-Dec-2024 16:59 is 2.43.
The 52-week high of Patels Airtemp (I) is ₹900.0 and the 52-week low is ₹341.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patels Airtemp (I) is ₹398.1 ( Cr.) .

About Patels Airtemp (India) Ltd

Patels Airtemp (PAT) was incorporated in 1973. It fused technical expertise with innovation to achieve a remarkable growth and an efficacious nationwide presence. The growth saga was further strengthened in 1993, when it became a limited entity and thus was born, Patels Airtemp (India) Limited.

PAT was the result of the conscious and dedicated efforts of a team of committed Engineers and Promoter - Directors. An experience of over three decades in the field of design and manufacturing was instrumental in its upbringing. Today, PAT stands proudly as one of the leading manufacturers of high quality engineering products. The success in attaining its strategic objective of nationwide presence, was made possible due to the expansion and diversification policies. The journey of the company began with a single manufacturing unit in 1973 and presently the company has two manufacturing units - both equipped with stat-of-the-art production facilities. Expansion facilitated PAT to concentrate on a much wider range of products.

Product range of the company includes:

Industrial Product

  • Heate Exchangers & Pressure Vassels
  • Air Cooled Heat Exchangers 
  • Dow Therm Condensers and Coolers
  • Shell and Tube Heat Exchanges 
  • Inter Coolers & After Coolers
  • Tube in Tube process Heat
  • Exchanges  Oil Coolers
  • Bare Tube Heat Exchangers 
  • Shell & Tube Dx-Chillers
  • Finned Tube Process Heat
  • Exchangers  Air Heaters
  • H.P. & L.P. Feed Water Heaters 
  • Pressure Vessels & Coded Pressure Vessles
  • Surface Condensers 
  • Columns
  • Steam coil Air Heaters 
  • LPG-Bullets
  • Shell And Tube Condensers

Trunkey Project

  • Comfort Air-Conditioning 
  • Textile Humidification
  • Pharmaceutical Air-Conditioning  
  • Evaporative Colling Systems
  • Clean Room Requirements  
  • Pressurization and Ventilation Systems
  • Industrial Air-Conditioning  
  • Dust Extraction Systems
  • Process Air-Conditioning 
  • Turn-key Solutions to HVAC problems
  • Closed Controlled Air-Conditioning 
  • Humidification and Air Washer Plants

Domestic Consumer Products

  • Window Air Conditioners 
  • Ceiling Suspended Units
  • Split Air Conditioners(Highwall Units) 
  • Condensing Units
  • Fan Coil Units 
  • Ductable Units
  • Floor Mounted Units 
  • Packaged Units

PAT has attained a key position as one of the leading suppliers to the core industrial sectors like -

  • Power projects
  • Refineries
  • Fertilizers
  • Cements
  • Petrochemicals
  • Pharmaceuticals
  • Textile
  • Chemical
  • Engineering etc.

Projects undertaken.

  • Vacuum Pre Concentrator For Indo Gulf Corporation Urea Plant Under Snam Progetti Process Design.
  • Reboiler For Nirma Ltd. Soda Ash Plant Under Process Design Of Jacobs H & G
  • Reboiler For Nirma Ltd. Soda Ash Plant Under Process Design Of Jacobs H & G
  • Shell And Fin Type Inter Coolers And After Cooler For Inger Soll Rand Ltd. Centrifugal Compressor , As Import Substitutes. 
  • Shell And Tube Heat Exchanger In Non Ferrus Construction For Ongc Ltd- Off Shore. 
  • Dual Application Radiator Type Aircooled Heat Exchangers For Natural Gas Compressor Station At ONGC Ltd - Mehsana. 

Achievements/ recognition:

  • PAT was awarded ISO 9002 in 1997
  • ISO 9001 in 1999
  • EMC approval in 1998.
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