ATV Projects India Ltd

₹ 21.4 0.66%

28 Sep 4:01 p.m.

About

ATV Projects India Ltd is an engineering and fabrication company undertaking design, project management, equipment manufacturing and project supplies/services for industrial customers across India.^[1] ^[2] ^[3]

Key Points

Business Area
ATV manufactures and trades process and heavy-fabrication equipment, including pressure vessels, reactors and columns, heat exchangers, storage equipment, sugar machinery and boilers, and equipment for cement, power and railway applications. Fixed-price contract revenue is recognised using a cost-based percentage of completion. ^[1] ^[2]

Website BSE

Market Cap ₹ 114 Cr.
Current Price ₹ 21.4
High / Low ₹ 44.4 / 19.4
Stock P/E 15.9
Book Value ₹ 40.1
Dividend Yield 0.00 %
ROCE 2.87 %
ROE 3.42 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.53 times its book value
Company has delivered good profit growth of 20.5% CAGR over last 5 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 26.8%
Tax rate seems low
Company has a low return on equity of 3.46% over last 3 years.

* 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	13.91	16.68	11.73	19.20	19.83	17.28	15.67	17.78	15.26	13.95	18.35	20.10	20.62
	11.65	14.76	10.26	17.42	17.98	15.53	13.81	15.55	13.04	12.23	16.47	17.73	18.27
Operating Profit	2.26	1.92	1.47	1.78	1.85	1.75	1.86	2.23	2.22	1.72	1.88	2.37	2.35
OPM %	16.25%	11.51%	12.53%	9.27%	9.33%	10.13%	11.87%	12.54%	14.55%	12.33%	10.25%	11.79%	11.40%
	0.03	0.03	0.01	0.04	0.01	0.04	0.07	0.62	0.05	0.01	0.02	0.03	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.02	0.02
Depreciation	0.28	0.28	0.28	0.30	0.29	0.23	0.27	0.28	0.27	0.26	0.28	0.34	0.32
Profit before tax	2.01	1.67	1.20	1.52	1.57	1.56	1.66	2.57	2.00	1.47	1.60	2.04	2.02
Tax %	-1.00%	-1.20%	-1.67%	0.00%	-1.27%	0.00%	-0.60%	-0.39%	-0.50%	0.00%	-0.62%	-0.98%	-0.99%
	2.03	1.69	1.22	1.52	1.60	1.56	1.67	2.57	2.01	1.47	1.61	2.06	2.03
EPS in Rs	0.38	0.32	0.23	0.29	0.30	0.29	0.31	0.48	0.38	0.28	0.30	0.39	0.38
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	62.76	76.33	59.78	54.40	40.84	37.74	33.81	32.50	47.80	61.53	70.57	67.65	73.02
	94.67	64.83	54.68	52.99	37.90	34.07	30.23	29.48	42.94	54.07	62.87	59.47	64.70
Operating Profit	-31.91	11.50	5.10	1.41	2.94	3.67	3.58	3.02	4.86	7.46	7.70	8.18	8.32
OPM %	-50.84%	15.07%	8.53%	2.59%	7.20%	9.72%	10.59%	9.29%	10.17%	12.12%	10.91%	12.09%	11.39%
	81.24	-4.06	146.95	37.58	-5.50	0.06	4.70	4.87	1.45	0.10	0.74	0.11	0.07
Interest	12.75	0.00	0.00	0.00	0.00	0.02	0.01	0.01	0.01	0.01	0.01	0.04	0.06
Depreciation	0.22	0.44	0.66	0.56	1.02	0.92	0.86	0.91	1.31	1.14	1.07	1.15	1.20
Profit before tax	36.36	7.00	151.39	38.43	-3.58	2.79	7.41	6.97	4.99	6.41	7.36	7.10	7.13
Tax %	0.00%	0.00%	0.07%	-0.05%	1.68%	12.19%	6.61%	-14.78%	-1.60%	-0.78%	-0.54%	-0.70%
	36.36	6.99	151.27	38.44	-3.64	2.45	6.91	8.00	5.08	6.46	7.40	7.16	7.17
EPS in Rs	6.85	1.32	28.48	7.24	-0.69	0.46	1.30	1.51	0.96	1.22	1.39	1.35	1.35
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-1%
5 Years:	15%
3 Years:	12%
TTM:	11%

Compounded Profit Growth
10 Years:	-7%
5 Years:	20%
3 Years:	24%
TTM:	-8%

Stock Price CAGR
10 Years:	13%
5 Years:	22%
3 Years:	18%
1 Year:	-35%

Return on Equity
10 Years:	%
5 Years:	3%
3 Years:	3%
Last Year:	3%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	52.56	52.56	52.56	52.56	52.56	52.56	52.56	52.56	52.56	52.56	52.56	52.56
Reserves	-201.68	-194.69	57.14	126.14	127.09	129.54	130.86	134.47	139.55	146.00	153.41	160.56
	409.86	401.74	126.29	76.61	69.81	62.16	62.10	54.33	54.49	50.60	42.67	36.43
	18.02	18.65	16.77	23.20	19.62	15.36	16.39	22.01	20.99	18.24	10.71	20.36
Total Liabilities	278.76	278.26	252.76	278.51	269.08	259.62	261.91	263.37	267.59	267.40	259.35	269.91
	224.70	220.48	179.66	217.14	222.12	221.36	216.43	213.88	213.95	214.05	213.46	213.64
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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
	54.06	57.78	73.10	61.37	46.96	38.26	45.48	49.49	53.64	53.35	45.89	56.27
Total Assets	278.76	278.26	252.76	278.51	269.08	259.62	261.91	263.37	267.59	267.40	259.35	269.91

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-8.39	10.85	-14.10	20.57	3.71	9.03	-4.81	4.93	-0.94	7.39	5.85	12.72
	0.29	-2.77	14.32	33.31	-1.30	-0.10	3.71	2.33	1.43	-1.14	0.26	-1.22
	8.53	-8.12	-0.14	-49.67	-6.81	-7.67	-0.07	-7.79	0.15	-3.91	-7.93	-6.29
Net Cash Flow	0.43	-0.05	0.07	4.20	-4.40	1.26	-1.17	-0.52	0.64	2.34	-1.81	5.22
Free Cash Flow	-8.63	7.52	-0.43	53.63	2.28	8.88	-1.41	6.63	-0.96	6.15	5.37	11.40
CFO/OP	26%	94%	-276%	1,459%	126%	246%	-134%	163%	-19%	99%	76%	156%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	166.45	183.38	286.72	220.14	56.75	45.94	75.68	39.42	47.34	42.47	68.17	56.81
Inventory Days	65.69	68.96	87.34	94.85	296.20	349.66	382.44	707.13	433.77	334.32	166.46	260.65
Days Payable	67.40	98.50	53.30	26.94	33.29	35.50	47.90	90.14	47.85	16.48	36.37	30.43
Cash Conversion Cycle	164.74	153.84	320.76	288.05	319.66	360.10	410.21	656.41	433.26	360.31	198.25	287.03
Working Capital Days	197.50	177.31	326.66	208.73	220.93	215.09	314.58	320.75	250.69	194.69	178.70	163.54
ROCE %	5.97%	5.42%	2.07%	1.13%	0.81%	1.14%	1.22%	0.94%	1.49%	2.59%	2.96%	2.87%

Insights

In beta

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Expected Order Book
Rs. Crores

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		xx	x	x	xx		xx
	x,xxx		x,xxx	x,xxx
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Number of Major Clients in Order Pipeline
count

Railway Bridge Order Volume
MT

Railway Bridge Production Rate
MT per month

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	27.13%	27.13%	27.13%	26.95%	26.95%	26.95%	26.95%	26.95%	26.95%	26.95%	26.89%	26.83%
	2.96%	2.96%	2.48%	2.48%	2.45%	2.43%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%
	69.90%	69.91%	70.39%	70.57%	70.60%	70.62%	70.71%	70.71%	70.71%	70.70%	70.76%	70.82%
No. of Shareholders	1,25,169	1,24,927	1,25,317	1,24,712	1,24,112	1,26,561	1,26,548	1,25,979	1,25,350	1,24,535	1,24,055	1,23,796

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	27.13%	27.13%	27.13%	27.13%	27.13%	27.13%	27.13%	27.13%	26.95%	26.89%	26.83%
	8.31%	6.06%	6.03%	5.83%	4.07%	2.97%	2.96%	2.48%	2.34%	2.34%	2.34%
	64.56%	66.81%	66.84%	67.04%	68.80%	69.90%	69.90%	70.39%	70.71%	70.76%	70.82%
No. of Shareholders	1,31,058	1,29,163	1,27,838	1,26,898	1,26,115	1,25,968	1,25,420	1,25,317	1,26,548	1,24,055	1,23,796

* 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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ATV Projects India Ltd

ATV Projects India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports