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 ₹ 346 Cr.
- Current Price ₹ 140
- High / Low ₹ 268 / 109
- Stock P/E 21.9
- Book Value ₹ 55.8
- Dividend Yield 0.00 %
- ROCE 21.5 %
- ROE 16.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 206 days.
- Working capital days have increased from 117 days to 179 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 69 | 94 | 242 | 224 | 290 | 272 | |
| 60 | 80 | 211 | 185 | 246 | 233 | |
| Operating Profit | 9 | 14 | 31 | 39 | 44 | 39 |
| OPM % | 14% | 15% | 13% | 17% | 15% | 14% |
| 1 | 1 | 1 | 1 | 1 | 0 | |
| Interest | 7 | 8 | 10 | 12 | 13 | 12 |
| Depreciation | 2 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 1 | 5 | 18 | 23 | 27 | 23 |
| Tax % | 41% | 30% | 30% | 28% | 30% | |
| 1 | 3 | 13 | 16 | 19 | 16 | |
| EPS in Rs | 0.41 | 2.18 | 8.63 | 6.61 | 7.79 | 6.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 81% |
| TTM: | -35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 19% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 25 | 25 | 25 |
| Reserves | 24 | 28 | 40 | 83 | 103 | 113 |
| 54 | 52 | 71 | 71 | 74 | 93 | |
| 27 | 39 | 110 | 112 | 221 | 207 | |
| Total Liabilities | 120 | 133 | 236 | 291 | 422 | 437 |
| 30 | 28 | 30 | 27 | 25 | 27 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 90 | 105 | 207 | 264 | 396 | 409 | |
| Total Assets | 120 | 133 | 236 | 291 | 422 | 437 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | 3 | 20 | -20 | -33 | |
| -1 | 1 | -5 | 0 | -2 | |
| -4 | -1 | 23 | 29 | 25 | |
| Net Cash Flow | -3 | 3 | 39 | 10 | -9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 164 | 153 | 65 | 137 | 206 |
| Inventory Days | 449 | 309 | 273 | 356 | 335 |
| Days Payable | 177 | 117 | 171 | 185 | 236 |
| Cash Conversion Cycle | 436 | 345 | 167 | 308 | 306 |
| Working Capital Days | 89 | 104 | 43 | 130 | 179 |
| ROCE % | 13% | 25% | 23% | 22% |
Documents
Announcements
-
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.
-
Updates
21 January 2026 - Inauguration of Atmastco Defence Systems (wholly-owned) on 24 Jan 2026 by Governor Ramen Deka.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 January 2026 - Certificate under SEBI Reg.74(5) for quarter ended 31 Dec 2025 submitted.
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.