ATV Projects India Ltd

ATV Projects India Ltd

₹ 18.6 1.09%
16 Apr - close price
About

Incorporated in 1987, ATV Projects Ltd in the business of rendering Project Management
and Engineering Services, Project supplies
and for executing jobs for various industries[1]

Key Points

Business Area The Co. undertakes project construction and implementation for sugar as well as non-sugar industries. It manufactures critical equipment like energy-efficient mills and bagasse-fired boilers for the sugar industry and spherical tanks for storage of LPG, Pressure Vessels, Horton Spheres, Heat- exchangers, reactors catering to industries like Chemical and Petrochemicals, Fertilizer, Power, etc.

  • Market Cap 98.8 Cr.
  • Current Price 18.6
  • High / Low 27.6 / 7.31
  • Stock P/E 14.7
  • Book Value 36.9
  • Dividend Yield 0.00 %
  • ROCE 1.49 %
  • ROE 1.96 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.50 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.55% over past five years.
  • Promoter holding is low: 27.1%
  • Tax rate seems low
  • Company has a low return on equity of 1.77% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Engineering Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.16 13.65 6.48 9.93 6.46 9.63 7.43 13.22 13.52 13.64 13.91 16.68 11.73
7.54 11.91 5.37 9.11 5.70 9.30 5.95 12.91 12.76 11.34 11.65 14.76 10.26
Operating Profit 0.62 1.74 1.11 0.82 0.76 0.33 1.48 0.31 0.76 2.30 2.26 1.92 1.47
OPM % 7.60% 12.75% 17.13% 8.26% 11.76% 3.43% 19.92% 2.34% 5.62% 16.86% 16.25% 11.51% 12.53%
0.13 0.06 0.02 4.63 0.02 0.20 0.01 1.42 0.01 0.02 0.03 0.03 0.01
Interest 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.20 0.25 0.21 0.24 0.23 0.22 0.23 0.22 0.24 0.61 0.28 0.28 0.28
Profit before tax 0.54 1.54 0.92 5.21 0.55 0.30 1.26 1.51 0.53 1.71 2.01 1.67 1.20
Tax % 0.00% 33.12% -2.17% -0.38% -3.64% -323.33% 0.00% -0.66% -1.89% -3.51% -1.00% -1.20% -1.67%
0.53 1.03 0.93 5.23 0.57 1.27 1.26 1.52 0.53 1.77 2.03 1.69 1.22
EPS in Rs 0.10 0.19 0.18 0.98 0.11 0.24 0.24 0.29 0.10 0.33 0.38 0.32 0.23
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
33.95 38.60 56.01 62.76 76.33 59.78 54.40 40.84 37.74 33.81 32.50 47.80 55.96
32.95 39.45 54.21 94.67 64.83 54.68 52.99 37.90 34.07 30.23 29.48 42.94 48.01
Operating Profit 1.00 -0.85 1.80 -31.91 11.50 5.10 1.41 2.94 3.67 3.58 3.02 4.86 7.95
OPM % 2.95% -2.20% 3.21% -50.84% 15.07% 8.53% 2.59% 7.20% 9.72% 10.59% 9.29% 10.17% 14.21%
1.40 3.20 0.87 81.24 -4.06 146.95 37.58 -5.50 0.06 4.70 4.87 1.45 0.09
Interest 0.00 0.00 0.00 12.75 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.00
Depreciation 1.23 1.09 0.95 0.22 0.44 0.66 0.56 1.02 0.92 0.86 0.91 1.31 1.45
Profit before tax 1.17 1.26 1.72 36.36 7.00 151.39 38.43 -3.58 2.79 7.41 6.97 4.99 6.59
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% -0.05% -1.68% 12.19% 6.61% -14.78% -1.60%
1.17 1.27 1.72 36.36 6.99 151.27 38.44 -3.64 2.45 6.91 8.00 5.08 6.71
EPS in Rs 0.22 0.24 0.32 6.85 1.32 28.48 7.24 -0.69 0.46 1.30 1.51 0.96 1.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: -3%
3 Years: 8%
TTM: 28%
Compounded Profit Growth
10 Years: 11%
5 Years: 6%
3 Years: 15%
TTM: 47%
Stock Price CAGR
10 Years: 21%
5 Years: 27%
3 Years: 63%
1 Year: 137%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

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 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56 52.56
Reserves -293.20 -291.94 -290.21 -201.68 -194.69 57.14 126.14 127.09 129.54 130.86 134.47 139.55 143.26
488.16 489.21 487.38 409.86 401.74 126.29 76.61 69.81 62.16 62.10 54.33 54.49 53.02
15.79 14.26 21.37 18.02 18.65 16.77 23.20 19.62 15.36 16.39 22.01 20.99 18.20
Total Liabilities 263.31 264.09 271.10 278.76 278.26 252.76 278.51 269.08 259.62 261.91 263.37 267.59 267.04
226.44 225.46 224.57 224.70 220.48 179.66 217.14 222.12 221.36 216.43 213.88 213.95 214.53
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
36.87 38.63 46.53 54.06 57.78 73.10 61.37 46.96 38.26 45.48 49.49 53.64 52.51
Total Assets 263.31 264.09 271.10 278.76 278.26 252.76 278.51 269.08 259.62 261.91 263.37 267.59 267.04

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
63.61 11.44 2.76 -8.39 10.85 -14.10 20.57 3.71 9.03 -4.81 4.93 -0.94
-1.38 -1.28 -0.89 0.29 -2.77 14.32 33.31 -1.30 -0.10 3.71 2.33 1.43
-61.98 -10.39 -1.75 8.53 -8.12 -0.14 -49.67 -6.81 -7.67 -0.07 -7.79 0.15
Net Cash Flow 0.25 -0.23 0.12 0.43 -0.05 0.07 4.20 -4.40 1.26 -1.17 -0.52 0.64

Ratios

Figures in Rs. Crores

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 147.29 120.37 111.70 166.45 183.38 286.72 220.14 56.75 45.94 75.68 39.42 47.34
Inventory Days 136.97 124.83 119.55 65.69 68.96 87.34 94.85 296.20 349.66 382.44 707.13 433.77
Days Payable 115.60 39.54 96.49 67.40 98.50 53.30 26.94 33.29 35.50 47.90 90.14 47.85
Cash Conversion Cycle 168.65 205.66 134.76 164.74 153.84 320.76 288.05 319.66 360.10 410.21 656.41 433.26
Working Capital Days 203.30 212.57 150.67 197.50 177.31 326.66 208.73 220.93 215.09 314.58 320.75 250.69
ROCE % 0.48% 0.51% 0.69% 5.97% 5.42% 2.07% 1.13% 0.81% 1.14% 1.22% 0.94% 1.49%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13% 27.13%
0.00% 0.00% 0.00% 0.00% 0.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
4.07% 3.79% 3.23% 2.97% 2.97% 2.96% 2.96% 2.96% 2.96% 2.96% 2.96% 2.48%
68.80% 69.08% 69.64% 69.90% 68.98% 69.89% 69.90% 69.90% 69.91% 69.90% 69.91% 70.39%
No. of Shareholders 1,26,0501,25,3651,25,4071,25,9681,26,1571,25,8751,25,6261,25,4201,25,2371,25,1691,24,9271,25,317

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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