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 ₹ 517 Cr.
- Current Price ₹ 209
- High / Low ₹ 301 / 162
- Stock P/E 26.0
- Book Value ₹ 51.8
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 44.3% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.28%
- 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 | |
|---|---|---|---|---|---|---|
| 115 | 69 | 94 | 242 | 224 | 290 | |
| 103 | 60 | 80 | 211 | 185 | 246 | |
| Operating Profit | 13 | 9 | 14 | 31 | 39 | 43 |
| OPM % | 11% | 14% | 15% | 13% | 17% | 15% |
| 1 | 1 | 1 | 1 | 1 | 1 | |
| Interest | 7 | 7 | 8 | 10 | 12 | 12 |
| Depreciation | 2 | 2 | 3 | 4 | 4 | 4 |
| Profit before tax | 4 | 1 | 5 | 18 | 23 | 28 |
| Tax % | 28% | 41% | 30% | 30% | 28% | 29% |
| 3 | 1 | 3 | 13 | 17 | 20 | |
| EPS in Rs | 2.15 | 0.41 | 2.18 | 8.63 | 6.76 | 8.04 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 46% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 83% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 25 | 25 |
| Reserves | 24 | 24 | 28 | 40 | 84 | 103 |
| 45 | 54 | 52 | 71 | 71 | 72 | |
| 41 | 27 | 39 | 110 | 112 | 220 | |
| Total Liabilities | 125 | 120 | 133 | 236 | 291 | 420 |
| -0 | 30 | 28 | 30 | 27 | 24 | |
| CWIP | 4 | -0 | -0 | -0 | -0 | 0 |
| Investments | -0 | 0 | 0 | 0 | 0 | 0 |
| 121 | 90 | 105 | 206 | 264 | 396 | |
| Total Assets | 125 | 120 | 133 | 236 | 291 | 420 |
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 |
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% | 21% |
Documents
Announcements
-
Updates
12 September 2025 - Board approved appointment of Mr. Abhijit Pati (DIN 08457230) as Non-Executive Director on Sept 12, 2025.
-
Outcome of Board Meeting
12 September 2025 - Mr. Abhijit Pati appointed Non-Executive Director, approved September 12, 2025.
-
Awarding of order(s)/contract(s)
10 September 2025 - Received Rs.18.02 Cr LOI from L&T–MHI for buckstay fabrication and supply (one-time).
-
Awarding of order(s)/contract(s)
10 September 2025 - Two POs from L&T–MHI for Gadarwara Units 3&4; order value ~Rs.36.97 Crore.
-
Corporate Insolvency Resolution Process
9 September 2025 - NCLT Cuttack ordered withdrawal of Atmastco's CIRP on 8 Sep 2025; proceedings dismissed.
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.