Patels Airtemp (India) Ltd
Incorporated in 1972, Patels Airtemp India
Ltd manufactures and sells extensive range
of Heat Exchangers, other related equipment and undertakes Turnkey HVAC Projects[1]
- Market Cap ₹ 235 Cr.
- Current Price ₹ 430
- High / Low ₹ 489 / 202
- Stock P/E 17.1
- Book Value ₹ 246
- Dividend Yield 0.70 %
- ROCE 12.9 %
- ROE 9.30 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Company has a low return on equity of 10.9% over last 3 years.
- Contingent liabilities of Rs.105 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
71 | 91 | 71 | 113 | 127 | 136 | 158 | 151 | 237 | 255 | 303 | 281 | 357 | |
59 | 79 | 61 | 98 | 112 | 119 | 138 | 134 | 214 | 229 | 275 | 251 | 324 | |
Operating Profit | 12 | 11 | 10 | 14 | 15 | 17 | 20 | 17 | 23 | 26 | 28 | 30 | 33 |
OPM % | 17% | 13% | 14% | 13% | 12% | 13% | 12% | 12% | 10% | 10% | 9% | 11% | 9% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | |
Interest | 3 | 3 | 1 | 3 | 2 | 3 | 5 | 5 | 7 | 8 | 9 | 12 | 11 |
Depreciation | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
Profit before tax | 8 | 7 | 7 | 10 | 11 | 12 | 13 | 11 | 15 | 15 | 17 | 15 | 19 |
Tax % | 32% | 33% | 35% | 36% | 36% | 35% | 32% | 30% | 24% | 26% | 26% | 27% | |
5 | 5 | 5 | 6 | 7 | 8 | 9 | 7 | 11 | 11 | 12 | 11 | 14 | |
EPS in Rs | 10.57 | 9.76 | 9.19 | 12.23 | 14.10 | 15.60 | 16.98 | 14.44 | 22.31 | 22.43 | 24.46 | 20.46 | 25.21 |
Dividend Payout % | 19% | 20% | 22% | 18% | 16% | 16% | 15% | 17% | 11% | 11% | 11% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 6% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 0% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 34% |
3 Years: | 47% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Reserves | 37 | 41 | 44 | 48 | 54 | 62 | 69 | 75 | 84 | 94 | 106 | 124 | 129 |
16 | 14 | 15 | 25 | 10 | 24 | 30 | 42 | 45 | 64 | 88 | 95 | 95 | |
27 | 16 | 21 | 25 | 27 | 38 | 44 | 69 | 126 | 119 | 86 | 136 | 150 | |
Total Liabilities | 85 | 76 | 85 | 104 | 97 | 128 | 148 | 191 | 261 | 282 | 284 | 360 | 380 |
20 | 20 | 22 | 23 | 23 | 23 | 21 | 22 | 33 | 43 | 47 | 47 | 46 | |
CWIP | 0 | 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 | 0 |
65 | 57 | 62 | 81 | 74 | 105 | 127 | 169 | 224 | 239 | 237 | 313 | 334 | |
Total Assets | 85 | 76 | 85 | 104 | 97 | 128 | 148 | 191 | 261 | 282 | 284 | 360 | 380 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 12 | 12 | -0 | 8 | -3 | -5 | 7 | 11 | 8 | -13 | 5 | |
-3 | -1 | -6 | -1 | -6 | -1 | -1 | -3 | -17 | -9 | -6 | -3 | |
-4 | -6 | -2 | 7 | -18 | 11 | 2 | 6 | -6 | 10 | 14 | 3 | |
Net Cash Flow | 2 | 6 | 4 | 6 | -16 | 6 | -4 | 10 | -12 | 9 | -5 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 120 | 76 | 67 | 74 | 101 | 152 | 144 | 157 | 141 | 131 | 110 | 144 |
Inventory Days | 294 | 135 | 229 | 154 | 117 | 150 | 224 | 309 | 260 | 258 | 189 | 314 |
Days Payable | 188 | 68 | 136 | 80 | 62 | 100 | 138 | 123 | 164 | 147 | 77 | 160 |
Cash Conversion Cycle | 227 | 144 | 160 | 148 | 157 | 202 | 230 | 343 | 236 | 242 | 221 | 298 |
Working Capital Days | 153 | 105 | 112 | 106 | 101 | 150 | 174 | 184 | 134 | 140 | 158 | 200 |
ROCE % | 20% | 17% | 14% | 17% | 17% | 19% | 18% | 14% | 17% | 16% | 14% | 13% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12h
- Compliance Under Regulation 40(10) Read With Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 1d
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on 31st March, 2024.
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 (As Amended) For The Year Ended On 31St March, 2024 10 Apr
- Corrigendum - Non-Applicability Of SEBI Circular Related To Large Corporate Entity 5 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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