Atmastco Ltd
Incorporated in 1994, Atmastco Ltd does
trading of Steel Goods/Items, Industrial
Goods etc. and is in Engineering and
Erection business[1]
- Market Cap ₹ 345 Cr.
- Current Price ₹ 139
- High / Low ₹ 268 / 98.0
- Stock P/E 20.1
- Book Value ₹ 56.6
- Dividend Yield 0.00 %
- ROCE 21.8 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 44.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.114 Cr.
- Company has high debtors of 206 days.
- Working capital days have increased from 117 days to 180 days
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 115 | 69 | 94 | 242 | 224 | 290 | 272 | |
| 103 | 60 | 80 | 211 | 185 | 245 | 232 | |
| Operating Profit | 13 | 9 | 14 | 31 | 39 | 44 | 40 |
| OPM % | 11% | 14% | 15% | 13% | 17% | 15% | 15% |
| 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Interest | 7 | 7 | 8 | 10 | 12 | 13 | 12 |
| Depreciation | 2 | 2 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 4 | 1 | 5 | 18 | 23 | 28 | 24 |
| Tax % | 28% | 41% | 30% | 30% | 28% | 29% | |
| 3 | 1 | 3 | 13 | 17 | 20 | 17 | |
| EPS in Rs | 2.15 | 0.41 | 2.18 | 8.63 | 6.76 | 8.04 | 6.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 46% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 83% |
| TTM: | -31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 20% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 25 | 25 | 25 |
| Reserves | 24 | 24 | 28 | 40 | 84 | 103 | 115 |
| 45 | 54 | 52 | 71 | 71 | 72 | 87 | |
| 41 | 27 | 39 | 110 | 112 | 220 | 205 | |
| Total Liabilities | 125 | 120 | 133 | 236 | 291 | 420 | 432 |
| 0 | 30 | 28 | 30 | 27 | 24 | 22 | |
| CWIP | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| 121 | 90 | 105 | 206 | 264 | 396 | 408 | |
| Total Assets | 125 | 120 | 133 | 236 | 291 | 420 | 432 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 11 | 1 | 9 | 21 | -20 | -33 | |
| -1 | -1 | 1 | -5 | 0 | -0 | |
| -11 | -3 | -7 | 22 | 29 | 24 | |
| Net Cash Flow | -1 | -3 | 3 | 38 | 10 | -9 |
| Free Cash Flow | 9 | -0 | 9 | 16 | -20 | -34 |
| CFO/OP | 96% | 12% | 67% | 68% | -58% | -65% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 98 | 164 | 153 | 65 | 137 | 206 |
| Inventory Days | 227 | 449 | 309 | 273 | 356 | 335 |
| Days Payable | 116 | 177 | 117 | 171 | 185 | 233 |
| Cash Conversion Cycle | 209 | 436 | 345 | 167 | 308 | 308 |
| Working Capital Days | 151 | 89 | 106 | 42 | 130 | 180 |
| ROCE % | 9% | 13% | 25% | 23% | 22% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Installed Fabrication Capacity MT per annum |
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| Capacity Utilization % |
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| Operating Cycle / Working Capital Cycle Days |
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| Order Book Value Rs. crore |
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| Net Capital Turnover Ratio Ratio |
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| Operational Space Square meters |
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| Total Employees Number |
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| Solar Energy Capacity KWh |
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Documents
Announcements
-
Press Release
1 April 2026 - Subsidiary cleared NFSU ballistic tests (reports dated 30 Mar 2026); BIS certification expected, commercial production to commence.
-
Copy of Newspaper Publication
1 April 2026 - Postal ballot newspaper publication (01-Apr-2026) with remote e‑voting details for shareholder approval of special business.
-
Shareholders meeting
31 March 2026 - Postal ballot: director appointments, ₹4 lakh/month fee, MD loan up to ₹60 crore, ₹500 crore borrowing/charge limits.
-
Appointment
31 March 2026 - Appointed Neelakantan Eswara Murthy as Independent Director effective 31-Mar-2026 for five-year term, subject to shareholder approval.
-
Appointment
30 March 2026 - Appointed Venkatesan Vijaya Bhaskar as Independent Director effective 30-Mar-2026 for five years, subject to shareholder approval.
Business Overview:[1][2]
AL is an ISO 9001, ISO 14001, ISO 45001, ZED certified multidisciplinary engineering company for design, manufacture, supply, erection, and commissioning of high precision mechanical equipment and specialized heavy structures for core industrial sectors like steel, energy and power, railway, cement, infrastructure,
water systems etc. In FY23, they added a new business line as contractor for construction and setting up of factory premises for private players.