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 ₹ 326 Cr.
- Current Price ₹ 132
- High / Low ₹ 268 / 109
- Stock P/E 19.0
- 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: | -32% |
| 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 |
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
-
Updates
13 March 2026 - Received Tata Steel Certificate of Appreciation for supplying ~7,000 MT structural steel to TSK Phase II (2022–23).
-
Press Release
19 February 2026 - LOI from SAIL Bhilai for Rs.235.00 crore 140 TPH reheating furnace project (19 Feb 2026).
-
Press Release
28 January 2026 - Inauguration (24 Jan 2026) of Atmastco Defence Systems; DRDO tech transfer; 250 jobs; ₹350 crore GDP contribution.
-
Updates
25 January 2026 - Atmastco inaugurated defence manufacturing facility of its wholly-owned subsidiary on 24 January 2026; photos attached.
-
Awarding of order(s)/contract(s)
23 January 2026 - Received Rs.18.80 Crore order to supply and fabricate pipe rack structure for IOCL Gujarat Refinery.
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.