Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.68 | 11.73 | 19.20 | 19.83 | 17.28 | 15.67 | 17.78 | 15.26 | 13.95 | 18.35 | 20.10 | 20.62 |
| Expenses | 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 | 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 % | 11.51% | 12.53% | 9.27% | 9.33% | 10.13% | 11.87% | 12.54% | 14.55% | 12.33% | 10.25% | 11.79% | 11.40% |
| Other Income | 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 | 0.02 | 0.02 | 0.02 |
| Depreciation | 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 | 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 % | -1.20% | -1.67% | 0.00% | -1.27% | 0.00% | -0.60% | -0.39% | -0.50% | 0.00% | -0.62% | -0.98% | -0.99% |
| Net Profit | 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 | 0.32 | 0.23 | 0.29 | 0.30 | 0.29 | 0.31 | 0.48 | 0.38 | 0.28 | 0.30 | 0.39 | 0.38 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 76.33 | 59.78 | 54.40 | 40.84 | 37.74 | 33.81 | 32.50 | 47.80 | 61.53 | 70.57 | 67.65 | 73.02 |
| Expenses | 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 | 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 % | 15.07% | 8.53% | 2.59% | 7.20% | 9.72% | 10.59% | 9.29% | 10.17% | 12.12% | 10.91% | 12.09% | 11.39% |
| Other Income | -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 | 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 | 0.44 | 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 | 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% | 0.07% | -0.05% | 1.68% | 12.19% | 6.61% | -14.78% | -1.60% | -0.78% | -0.54% | -0.70% | |
| Net Profit | 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 | 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% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -1% | 15% | 12% | 11% | ||
| Compounded Profit Growth | -7% | 20% | 24% | -8% | ||
| Stock Price CAGR | 13% | 22% | 18% | -38% | ||
| Return on Equity | % | 3% | 3% | 3% |
| 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 |
| Borrowings | 409.86 | 401.74 | 126.29 | 76.61 | 69.81 | 62.16 | 62.10 | 54.33 | 54.49 | 50.60 | 42.67 | 36.43 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -8.39 | 10.85 | -14.10 | 20.57 | 3.71 | 9.03 | -4.81 | 4.93 | -0.94 | 7.39 | 5.85 | 12.72 |
| Cash from Investing Activity | 0.29 | -2.77 | 14.32 | 33.31 | -1.30 | -0.10 | 3.71 | 2.33 | 1.43 | -1.14 | 0.26 | -1.22 |
| Cash from Financing Activity | 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% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 27.13% | 27.13% | 27.13% | 26.95% | 26.95% | 26.95% | 26.95% | 26.95% | 26.95% | 26.95% | 26.89% | 26.83% |
| DIIs | 2.96% | 2.96% | 2.48% | 2.48% | 2.45% | 2.43% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% |
| Public | 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 |
Fundamentals
Market Cap₹ 118 Cr.
Current Price₹ 22.2
Stock P/E16.5
Book Value₹ 40.1
ROCE2.87 %
ROE3.42 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)-8%
Standalone figures.
Valuation
Market capRs 119 Cr
Enterprise valueRs 149 Cr
P/E (TTM)16.59x
Price to book0.56x
Price to sales1.63x
EV / EBITDA17.77x
EV / EBIT20.75x
EV / sales2.04x
Price to cash flow9.35x
Earnings yield6.03%
P/E, 3-year average19.14x
P/B, 3-year average0.66x
P/E, 5-year average14.26x
P/B, 5-year average0.49x
Profitability
Operating margin (excl. other income)12.09%
Operating margin (incl. other income)12.25%
EBITDA margin11.46%
Pre-tax margin9.76%
Net profit margin9.82%
Net margin, latest quarter9.84%
ROE3.42%
ROCE2.87%
ROA2.71%
ROE, 3-year average3.46%
ROCE, 3-year average2.81%
ROA, 3-year average2.64%
ROE, 5-year average3.48%
ROCE, 5-year average2.67%
ROA, 5-year average2.58%
ROIC (approx.)2.97%
Tax rate-0.70%
Other income / net worth0.05%
Growth
Sales growth (latest year)-4.14%
Profit growth (latest year)-3.24%
Sales CAGR, 3 years12.27%
Sales CAGR, 5 years14.88%
Profit CAGR, 3 years12.12%
Profit CAGR, 5 years0.71%
Sales growth QoQ2.59%
Profit growth QoQ-1.46%
Sales growth YoY (latest quarter)35.12%
Profit growth YoY (latest quarter)0.99%
Per share
EPS (TTM)Rs 1.35
EPS (latest year)Rs 1.35
EPS (latest quarter)Rs 0.38
EPS, 3-year averageRs 1.32
EPS, 5-year averageRs 1.28
Book value per shareRs 40.12
Sales per shareRs 13.75
Cash flow per shareRs 2.39
Free cash flow per shareRs 2.15
Efficiency
Asset turnover0.25x
Fixed asset turnover0.32x
Inventory turnover1.66x
Inventory days220 days
Debtor days57 days
Debtors turnover6.42x
Creditor days30 days
Cash conversion cycle287 days
Working capital days164 days
Leverage
Total debtRs 36 Cr
Cash and bankRs 7 Cr
Net debtRs 30 Cr
Debt to equity0.17x
Net debt / EBITDA3.56x
Interest coverage179.25x
Owners' fund to total sources78.96%
Debt to assets13.50%
Cash flow
Cash from Operating Activity (latest year)Rs 13 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 11 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years0.88x
Sales to cash flow5.32x
Statement figures
Net sales (TTM)Rs 73 Cr
Net sales (latest year)Rs 68 Cr
Sales (latest quarter)Rs 21 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 48 Cr
Total expenditure (latest year)Rs 59 Cr
Total income (latest year)Rs 68 Cr
Share capitalRs 53 Cr
ReservesRs 161 Cr
Shareholders' fundsRs 213 Cr
Total assetsRs 270 Cr
Net blockRs 214 Cr
ReceivablesRs 11 Cr
InventoryRs 29 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)5.31
Ownership
Promoter holding26.83% (-0.12 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.6 is at the 69th percentile of its own 8.4-year range
(median 8.7, low 0.2, high 32.0).
P/B 0.56 is at the 72th percentile (median 0.30).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 500028 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.2% | -2.8% | -1.4 pts |
| 1 month | -16.2% | -6.8% | -9.4 pts |
| 3 months | -16.7% | -7.6% | -9.1 pts |
| 3 years | +71.3% | +14.2% | +57.1 pts |
| 5 years | +169.9% | +27.9% | +142.0 pts |
Red flags
F-score 6 of 8| look | Inventory outrunning sales Inventory grew 38% vs sales -4% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹21 Cr +35.1% vs Jun 2025.
Net profit ₹2 Cr +1.0%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of ATV Projects India Ltd?
ATV Projects India Ltd (500028) has a market capitalisation of Rs 118 Cr. at the 2026-10-01 close.
What is the P/E ratio of ATV Projects India Ltd?
ATV Projects India Ltd trades at a P/E of 16.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were ATV Projects India Ltd's latest quarterly results?
In the Jun 2026 quarter, ATV Projects India Ltd sales was Rs 21 Cr (+35.1% vs Jun 2025) and net profit was Rs 2 Cr.