Atam Valves Ltd

Atam Valves Ltd

₹ 143 -2.12%
12 Dec 10:45 a.m.
About

Incorporated in 1985, Atam Valves Ltd is a manufacturer of Valves, Cocks & Boiler Mounting[1]

Key Points

Business Overview:[1]
Company is a part of AMCO Industries. It is a manufacturer and exporter of Industrial & Plumbing Valves, Fittings & Boiler Mountings including valves of Gate, Globe, Check, Ball, Butterfly, Steam Traps, Boiler Mountings & Accessories, and other industrial valves and fittings. The valves are engineered to handle service conditions at -192°C to 550°C and pressure up to 10000psi

  • Market Cap 164 Cr.
  • Current Price 143
  • High / Low 231 / 124
  • Stock P/E 26.1
  • Book Value 28.5
  • Dividend Yield 0.52 %
  • ROCE 24.1 %
  • ROE 20.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 55.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
  • Company has been maintaining a healthy dividend payout of 31.9%

Cons

  • Promoter holding has decreased over last quarter: -8.93%

* 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

Jun 2021 Sep 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4.41 3.99 6.76 7.44 10.79 10.97 19.80 10.40 12.76 12.19 17.25 11.48 16.92
3.82 3.58 5.80 6.06 8.72 8.01 15.31 8.89 10.38 10.28 13.26 10.00 14.30
Operating Profit 0.59 0.41 0.96 1.38 2.07 2.96 4.49 1.51 2.38 1.91 3.99 1.48 2.62
OPM % 13.38% 10.28% 14.20% 18.55% 19.18% 26.98% 22.68% 14.52% 18.65% 15.67% 23.13% 12.89% 15.48%
0.08 0.01 0.01 0.00 0.22 0.00 0.02 0.00 0.00 0.00 0.02 0.01 0.03
Interest 0.08 0.12 0.03 0.09 0.09 0.09 0.13 0.22 0.37 0.29 0.25 0.10 0.23
Depreciation 0.21 0.21 0.23 0.17 0.19 0.16 0.18 0.15 0.17 0.17 0.15 0.14 0.15
Profit before tax 0.38 0.09 0.71 1.12 2.01 2.71 4.20 1.14 1.84 1.45 3.61 1.25 2.27
Tax % 21.05% 33.33% 12.68% 27.68% 23.38% 25.09% 21.43% 25.44% 28.80% 31.72% 25.48% 24.80% 26.87%
0.30 0.06 0.62 0.81 1.54 2.02 3.30 0.84 1.32 0.99 2.68 0.93 1.66
EPS in Rs 0.36 0.07 0.75 0.98 1.47 1.92 3.13 0.80 1.25 0.86 2.34 0.81 1.45
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
11.72 14.30 15.70 13.73 15.37 17.30 18.34 16.29 18.33 20.33 49.01 52.60 57.84
11.56 12.42 13.38 11.09 12.97 14.82 15.82 14.43 15.93 17.18 38.10 42.81 47.84
Operating Profit 0.16 1.88 2.32 2.64 2.40 2.48 2.52 1.86 2.40 3.15 10.91 9.79 10.00
OPM % 1.37% 13.15% 14.78% 19.23% 15.61% 14.34% 13.74% 11.42% 13.09% 15.49% 22.26% 18.61% 17.29%
0.00 0.13 0.01 0.03 0.01 0.02 0.08 0.03 0.03 0.09 0.24 0.03 0.06
Interest 0.00 1.07 1.30 1.72 1.31 1.18 1.05 0.83 0.56 0.44 0.40 1.14 0.87
Depreciation 0.00 0.49 0.84 0.82 0.61 0.56 0.67 0.85 0.65 0.91 0.72 0.65 0.61
Profit before tax 0.16 0.45 0.19 0.13 0.49 0.76 0.88 0.21 1.22 1.89 10.03 8.03 8.58
Tax % 0.00% 33.33% 36.84% 30.77% 32.65% 32.89% 26.14% 80.95% 27.87% 27.51% 23.63% 27.40%
0.16 0.30 0.13 0.08 0.34 0.51 0.65 0.04 0.87 1.37 7.67 5.83 6.26
EPS in Rs 8.00 15.00 6.50 4.00 17.00 0.85 1.08 0.07 1.05 1.65 7.27 5.09 5.46
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 47.47% 60.29% 20.63% 14.74%
Compounded Sales Growth
10 Years: 14%
5 Years: 23%
3 Years: 42%
TTM: 7%
Compounded Profit Growth
10 Years: 36%
5 Years: 55%
3 Years: 89%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 88%
1 Year: -34%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 26%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.80 0.80 0.80 0.80 0.80 3.00 3.00 3.00 4.13 4.13 10.55 11.46 11.46
Reserves 1.02 1.33 1.44 1.52 1.83 0.71 1.36 1.86 5.84 6.56 14.45 19.58 21.26
8.76 9.67 14.00 15.53 11.80 12.75 10.72 8.50 4.55 5.95 7.17 12.87 8.13
1.86 2.50 2.43 1.49 2.36 2.10 2.18 2.66 3.66 3.19 6.17 5.86 6.02
Total Liabilities 12.44 14.30 18.67 19.34 16.79 18.56 17.26 16.02 18.18 19.83 38.34 49.77 46.87
2.30 2.32 2.87 2.23 1.73 2.61 2.49 2.67 3.47 3.29 3.12 2.74 2.77
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 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
10.14 11.98 15.80 17.11 15.06 15.95 14.77 13.30 14.71 16.54 35.22 47.03 44.10
Total Assets 12.44 14.30 18.67 19.34 16.79 18.56 17.26 16.02 18.18 19.83 38.34 49.77 46.87

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.64 -1.27 0.32 5.08 0.96 3.63 3.74 1.73 0.13 -7.13 5.58
0.00 -0.46 -1.44 -0.18 -0.09 -1.43 -0.55 -0.74 -1.48 -0.03 -0.25 -0.59
0.00 -0.11 2.67 -0.12 -4.91 0.41 -3.06 -3.03 -0.25 -0.08 7.42 4.97
Net Cash Flow 0.00 0.07 -0.05 0.02 0.08 -0.05 0.02 -0.03 0.01 0.02 0.03 9.96

Ratios

Figures in Rs. Crores

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 109.31 115.63 104.62 142.23 92.38 105.70 124.39 91.87 102.35 94.62 148.43 100.20
Inventory Days 295.50 405.79 597.64 462.40 416.43 291.11 403.50 329.51 361.79 182.83 265.74
Days Payable 45.11 56.77 26.82 43.29 39.70 32.48 80.41 81.89 47.86 34.14 28.91
Cash Conversion Cycle 109.31 366.02 453.64 713.05 511.49 482.43 383.01 414.96 349.97 408.54 297.12 337.03
Working Capital Days 257.56 238.65 306.88 408.60 292.57 275.75 232.25 215.33 212.47 230.35 211.14 212.96
ROCE % 1.56% 13.23% 10.63% 10.85% 11.15% 12.50% 12.24% 7.31% 12.70% 14.44% 41.84% 24.11%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.73% 72.73% 72.73% 68.26% 68.26% 68.26% 68.26% 68.26% 68.26% 70.79% 61.22% 52.29%
0.00% 0.00% 0.00% 0.68% 0.60% 0.57% 0.01% 0.00% 0.00% 0.00% 0.06% 0.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.36% 0.00%
27.27% 27.27% 27.27% 31.05% 31.15% 31.18% 31.72% 31.75% 31.74% 29.21% 38.36% 47.44%
No. of Shareholders 1331571771982212283,9756,4379,20010,63211,12113,030

* 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.

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