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Patels Airtemp (India) Ltd (517417)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517417 NSE: Engineering - Industrial Equipments | Small Cap | Patels Airtemp (I) Share Price

₹306.70 4.00 (1.32%)

As on 04-Jun'26 16:59

Patels Airtemp (India) Ltd (517417)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517417 NSE: Engineering - Industrial Equipments | Small Cap | Patels Airtemp (I) Share Price

₹306.70 4.00 (1.32%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹168 Cr.
Current Price
₹306.7
52-Week Low / High
₹180 / 518
TTM EPS
₹18.8
TTM Sales
₹253 Cr.
Book Value per Share
₹303.7
P/E Ratio
16.33
Higher than its 5-year historical median
Industry PE
56
Price to Book (P/B)
1.01
Lower than its 5-year historical median
Price to Sales (P/S)
0.66
Higher than its 5-year historical median
EV/EBITDA
8.12
Higher than its 5-year historical median
Dividend Yield
0.62%
Profitability Efficiency
Return on Equity (ROE)
11.00%
Underperforms industry median
Return on Capital Employed (ROCE)
13.88%
Underperforms industry median
Return on Assets (ROA)
4.86%
Operating Profit Margin
9.3%
Net Profit Margin
4.26%
Gross Profit Margin
6.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.25%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
12.39%
Asset Quality
Promoter Holding
46.44%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹161 Cr.
Equity
₹5.5 Cr.
Face Value
₹10
All Time Low / High
₹1.21 / 900.00

Patels Airtemp (India) stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Patels Airtemp (India) Ltd a good quality company?
Patels Airtemp (India) 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 Patels Airtemp (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Patels Airtemp (India) Ltd vs industry peers?
Patels Airtemp (India) Ltd revenue CAGR is 10.31%, 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 Patels Airtemp (India) Ltd?
Promoters hold 46.44% of the Patels Airtemp (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Patels Airtemp (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.4% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.5%19.1%18%13.7%17.2%15.7%14.3%13%14.3%13.9%-
Value Creation
Index
0.30.40.30.00.20.10.0-0.10.00.0-

Growth Parameters

Sales 127136158151237255303281371388253
Sales YoY Gr.-7.5%16.2%-4.6%57.3%7.6%18.7%-7.2%31.7%4.6%-
Adj EPS 14.115.817.214.120.922.723.919.626.530.218.8
YoY Gr.-12.3%8.7%-18.2%48.5%8.9%5.3%-18%35%14%-
BVPS (₹) 116.8132.3146157.4176.6196.3218.2237260.9287.8303.7
Adj Net
Profit
7.188.77.110.611.512.110.714.516.510
Cash Flow from Ops. 8-3.28.26.611.18.5-12.84.811.240-
Debt/CF from Ops. 1.3-7.33.76.447.5-6.919.78.32.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.2%10.3%8.6%4.6%
Adj EPS 8.9%7.7%8.1%14%
BVPS10.5%10.3%9.7%10.3%
Share Price 8.6% 12.4% 8.5% -35%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.712.712.49.312.512.211.68.910.7116.4
Op. Profit
Mgn %
11.812.912.511.59.710.39.410.79.59.39.2
Net Profit
Mgn %
5.65.95.54.74.54.543.83.94.34.1
Debt to
Equity
0.20.40.40.50.50.60.80.70.70.60
Working Cap
Days
167194238317275306269346306262320
Cash Conv.
Cycle
99127160218173172161203179174160

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales127136158151237255303281371388
Operating Expenses + 112119139134214229275251336352
Manufacturing Costs22273025424443425152
Material Costs71718385143146189174244255
Employee Cost 7889101212131516
Other Costs 12121714202731222529
Operating Profit 15172017232628303536
Operating Profit Margin (%) 11.8%12.7%12.4%11.5%9.7%10.2%9.3%10.7%9.5%9.2%
Other Income + 0101211122
Exceptional Items 0000000000
Interest 2355789121312
Depreciation 2333334444
Profit Before Tax 11121311151517152022
Tax 4443344455
Profit After Tax 7897111112111517
PAT Margin (%) 5.6%5.8%5.4%4.9%4.8%4.5%4.1%4.0%4.0%4.3%
Adjusted EPS (₹)14.115.617.014.422.322.424.520.526.930.2
Dividend Payout Ratio (%)15.60%16%14.70%17.30%11.20%11.20%11.50%14.70%11.20%9.90%

Valuation of Patels Airtemp (I) - 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 + 5967748090100111130143157
Share Capital 5555555555
Reserves 546269758494106124137152
Debt +10243042456488948885
Long Term Debt66810131429201515
Short Term Debt5172232314959747370
Minority Interest0000000000
Trade Payables12203129645940767425
Others Liabilities 15181241626046616641
Total Liabilities 97128148191261282284360371308

Fixed Assets

Net Fixed Assets +23232122334347474544
Gross Block41444448627482868890
Accumulated Depreciation18212326283235394246
CWIP 0100310000
Investments 0000000000
Inventories2329517210110398150170115
Trade Receivables3557626591929111110694
Cash Equivalents 61410241123611528
Others Assets 10549202142424528
Total Assets 97128148191261282284360371308

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 8-387118-1351140
PBT 11121311151517152022
Adjustment 435691012151614
Changes in Working Capital -3-15-6-5-9-14-37-22-2013
Tax Paid -4-4-4-4-4-4-5-4-5-9
Cash Flow From Investing Activity + -6-1-1-3-17-9-6-3-1-1
Capex -3-3-1-4-18-10-7-4-2-3
Net Investments 0000000000
Others -3101111111
Cash Flow From Financing Activity + -1811-116-610143-17-16
Net Proceeds from Shares 0-100000900
Net Proceeds from Borrowing 01223115-9-4-0
Interest Paid -2-1-3-4-7-8-9-12-13-11
Dividend Paid 00-2-1-1-1-1-1-2-2
Others -1613-89-1189172-2
Net Cash Flow -166-410-129-55-723

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.6912.5312.219.5113.3512.0311.89.3110.7911
ROCE (%)17.519.0717.9513.7417.2115.7414.2912.9514.3413.88
Asset Turnover Ratio1.371.321.150.891.050.941.070.871.021.14
PAT to CFO Conversion(x)1.14-0.380.89110.73-1.080.450.732.35
Working Capital Days
Receivable Days77112.90136.50153.80120.10130.80110130.80106.6094.30
Inventory Days65.306491.70148.30133.20146.30121160.30156.70133.90
Payable Days66.3080.60112128.60118.70153.5095.50122111.9070.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Patels Airtemp (India) Ltd FAQs

The current trading price of Patels Airtemp (I) on 04-Jun-2026 16:59 is ₹306.7.

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 03-Jun-2026 the market cap of Patels Airtemp (I) stood at ₹167.8 Cr

The latest P/E ratio of Patels Airtemp (I) as of 03-Jun-2026 is 16.33.

The latest P/B ratio of Patels Airtemp (I) as of 03-Jun-2026 is 1.01.

The 52-week high of Patels Airtemp (I) is ₹518.0 and the 52-week low is ₹180.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patels Airtemp (I) is ₹253 ( Cr.) .

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

The key valuation ratios of Patels Airtemp (India) 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 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.

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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