Patels Airtemp (India) Ltd

Patels Airtemp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Patels Airtemp (India) Ltd

₹ 722 2.00%
04 Oct - close price
patelairtemp.com BSE: 517417
About

Incorporated in 1972, Patels Airtemp India
Ltd manufactures and sells extensive range
of Heat Exchangers, other related equipment and undertakes Turnkey HVAC Projects[1]

Key Points

Business Overview:[1]
PAIL is in the business of design and fabrication of process equipment and engineering goods. It manufactures capital goods equipment and executes turnkey heating, ventilation and air conditioning (HVAC) projects

Website BSE
  • Market Cap ₹ 395 Cr.
  • Current Price ₹ 722
  • High / Low ₹ 900 / 322
  • Stock P/E 23.9
  • Book Value ₹ 261
  • Dividend Yield 0.42 %
  • ROCE 14.4 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.77 times its book value
  • Company has a low return on equity of 10.6% over last 3 years.
  • Contingent liabilities of Rs.123 Cr.
  • Dividend payout has been low at 12.4% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
48.33 61.37 113.22 80.29 35.38 80.71 64.20 101.19 82.83 85.23 87.27 115.45 113.50
41.85 54.68 105.31 73.04 29.71 72.68 56.67 92.21 75.11 76.76 79.47 104.36 103.14
Operating Profit 6.48 6.69 7.91 7.25 5.67 8.03 7.53 8.98 7.72 8.47 7.80 11.09 10.36
OPM % 13.41% 10.90% 6.99% 9.03% 16.03% 9.95% 11.73% 8.87% 9.32% 9.94% 8.94% 9.61% 9.13%
0.18 0.18 0.16 0.61 0.50 0.29 0.44 0.26 0.26 0.15 0.56 1.05 0.42
Interest 2.35 2.51 1.92 2.24 2.31 3.44 3.59 2.89 2.63 3.12 2.59 4.55 2.96
Depreciation 0.83 0.83 0.83 1.13 1.06 1.05 1.05 0.95 1.03 1.04 1.03 0.96 1.03
Profit before tax 3.48 3.53 5.32 4.49 2.80 3.83 3.33 5.40 4.32 4.46 4.74 6.63 6.79
Tax % 25.86% 25.50% 25.75% 28.06% 25.71% 23.50% 29.73% 28.89% 25.93% 25.56% 27.64% 28.51% 25.48%
2.58 2.63 3.95 3.23 2.07 2.93 2.34 3.84 3.20 3.32 3.43 4.74 5.06
EPS in Rs 5.09 5.19 7.79 6.37 4.08 5.78 4.28 7.02 5.85 6.07 6.27 8.67 9.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
91 71 113 127 136 158 151 237 255 303 281 371 401
79 61 98 112 119 138 134 214 229 275 251 336 364
Operating Profit 11 10 14 15 17 20 17 23 26 28 30 35 38
OPM % 13% 14% 13% 12% 13% 12% 12% 10% 10% 9% 11% 9% 9%
0 0 0 0 0 0 1 2 1 1 1 2 2
Interest 3 1 3 2 3 5 5 7 8 9 12 13 13
Depreciation 2 2 2 2 3 3 3 3 3 4 4 4 4
Profit before tax 7 7 10 11 12 13 11 15 15 17 15 20 23
Tax % 33% 35% 36% 36% 35% 32% 30% 24% 26% 26% 27% 27%
5 5 6 7 8 9 7 11 11 12 11 15 17
EPS in Rs 9.76 9.19 12.23 14.10 15.60 16.98 14.44 22.31 22.43 24.46 20.46 26.85 30.26
Dividend Payout % 20% 22% 18% 16% 16% 15% 17% 11% 11% 11% 15% 11%
Compounded Sales Growth
10 Years: 18%
5 Years: 20%
3 Years: 13%
TTM: 22%
Compounded Profit Growth
10 Years: 12%
5 Years: 15%
3 Years: 9%
TTM: 34%
Stock Price CAGR
10 Years: 17%
5 Years: 48%
3 Years: 56%
1 Year: 89%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 41 44 48 54 62 69 75 84 94 106 124 137
14 15 25 10 24 30 42 45 64 88 95 93
16 21 25 27 38 44 69 126 119 86 136 136
Total Liabilities 76 85 104 97 128 148 191 261 282 284 360 371
20 22 23 23 23 21 22 33 43 47 47 45
CWIP 0 0 0 0 1 0 0 4 1 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
57 62 81 74 105 127 169 224 239 237 313 326
Total Assets 76 85 104 97 128 148 191 261 282 284 360 371

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 12 -0 8 -3 -5 7 11 8 -13 5 11
-1 -6 -1 -6 -1 -1 -3 -17 -9 -6 -3 -1
-6 -2 7 -18 11 2 6 -6 10 14 3 -17
Net Cash Flow 6 4 6 -16 6 -4 10 -12 9 -5 5 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 67 74 101 152 144 157 141 131 110 144 105
Inventory Days 135 229 154 117 150 224 309 260 258 189 314 253
Days Payable 68 136 80 62 100 138 123 164 147 77 160 110
Cash Conversion Cycle 144 160 148 157 202 230 343 236 242 221 298 248
Working Capital Days 105 112 106 101 150 174 184 134 140 158 200 164
ROCE % 17% 14% 17% 17% 19% 18% 14% 17% 16% 14% 13% 14%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
47.14% 48.17% 48.11% 41.98% 42.22% 46.45% 46.45% 46.45% 46.45% 46.45% 46.45% 46.45%
52.86% 51.83% 51.89% 58.02% 57.77% 53.57% 53.55% 53.55% 53.56% 53.55% 53.55% 53.57%
No. of Shareholders 8,6077,8507,5117,4236,9926,6086,4576,6836,7746,9477,1958,445

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