Patels Airtemp (India) Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
278.35 -1.70 (-0.61%)

DeciZen - Make an Informed Decision on Patels Airtemp (I)

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Patels Airtemp (I) Price Chart

P/E Ratio (SA) :
12.49
Market Cap :
152.3 Cr.
52-wk low :
167.6
52-wk high :
309.8
Bole Toh?

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 below 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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Patels Airtemp (India) Ltd is likely to Rise-somewhat 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.6%8.9%11.3%11.4%12.7%12.4%9.4%12.2%11.5%10.2%-
Value Creation Index -0.2-0.4-0.2-0.2-0.1-0.1-0.3-0.1-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 90.670.8113127136158151237255303310
YoY Gr. Rt. %--21.9%59.4%12.3%7.5%16.2%-4.6%57.3%7.6%18.7%-
Adj EPS 9.89.312.214.115.817.214.120.922.723.922.3
YoY Gr. Rt. %--4.9%31.9%15.2%12.3%8.7%-18.2%48.5%8.9%5.3%-
BVPS (₹) 90.297.1105.4116.8132.3146157.4176.6196.3218.2225.8
Adj Net Profit 54.76.27.188.77.110.611.512.112
Cash Flow from Ops. 12.211.6-0.18-3.28.26.611.18.5-12.8-
Debt/CF from Ops. 1.21.3-222.31.3-7.33.76.447.5-6.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.4%17.4%26.2%18.7%
Adj EPS 10.5%8.6%19.4%5.3%
BVPS 10.310.511.511.2
Share Price 20.7% 8.6% 38.2% 54.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 11.39.912.112.712.712.49.312.512.211.610
Op. Profit Mgn % 12.513.712.711.812.912.511.59.710.39.49.3
Net Profit Mgn % 5.56.65.55.65.95.54.74.54.543.9
Debt to Equity 0.30.30.50.20.40.40.50.50.60.80.3
Working Cap Days 190218157167194238317275306261286
Cash Conv. Cycle 1011097799127160218173172161108

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.18%

Net Profit is growing at healthy rate in last 3 years 19.41%

Debt to equity has declined versus last 3 years average to 0.79

Sales growth is good in last 4 quarters at 13.07%

Return on Equity has declined versus last 3 years average to 10.00%

Latest Financials - Patels Airtemp (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 22.3 22.3
TTM Sales (₹ Cr.) 310 310
BVPS (₹.) 225.8 225.7
Reserves (₹ Cr.) 118 118
P/BV 1.23 1.23
PE 12.49 12.51
From the Market
52 Week Low / High (₹) 167.55 / 309.75
All Time Low / High (₹) 1.21 / 309.75
Market Cap (₹ Cr.) 152
Equity (₹ Cr.) 5.5
Face Value (₹) 10
Industry PE 22.3

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 (%)

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 02-Dec-2022 18:01 is : 278.4.
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 02-Dec-2022 18:01 the market cap of Patels Airtemp (I) stood at ₹ 152.3.
The latest PE ratio of Patels Airtemp (I) as of 02-Dec-2022 18:01 is 12.49.
The latest PB ratio of Patels Airtemp (I) as of 02-Dec-2022 18:01 is 1.23
The 52-week high of Patels Airtemp (I) is ₹ 309.8 and the 52-week low is ₹ 167.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Patels Airtemp (I) is ₹ 309.6 ( 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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