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 | 85.23 | 87.27 | 115.45 | 113.50 | 81.87 | 88.39 | 104.06 | 82.57 | 22.04 | 58.81 | 89.52 | 15.52 |
| Expenses | 76.76 | 79.47 | 104.36 | 103.14 | 74.13 | 79.37 | 95.58 | 76.02 | 18.87 | 52.37 | 82.35 | 13.69 |
| Operating Profit | 8.47 | 7.80 | 11.09 | 10.36 | 7.74 | 9.02 | 8.48 | 6.55 | 3.17 | 6.44 | 7.17 | 1.83 |
| OPM % | 9.94% | 8.94% | 9.61% | 9.13% | 9.45% | 10.20% | 8.15% | 7.93% | 14.38% | 10.95% | 8.01% | 11.79% |
| Other Income | 0.15 | 0.56 | 1.05 | 0.42 | 0.32 | 0.27 | 0.54 | 0.59 | 1.39 | 0.98 | 1.08 | 0.26 |
| Interest | 3.12 | 2.59 | 4.55 | 2.96 | 2.80 | 3.61 | 1.97 | 2.18 | 1.98 | 3.50 | 2.29 | 1.98 |
| Depreciation | 1.04 | 1.03 | 0.96 | 1.03 | 1.02 | 1.03 | 0.85 | 0.86 | 0.88 | 0.89 | 0.89 | 0.88 |
| Profit before tax | 4.46 | 4.74 | 6.63 | 6.79 | 4.24 | 4.65 | 6.20 | 4.10 | 1.70 | 3.03 | 5.07 | -0.77 |
| Tax % | 25.56% | 27.64% | 28.51% | 25.48% | 25.71% | 18.06% | 27.58% | 31.46% | 61.18% | 12.21% | 18.15% | -19.48% |
| Net Profit | 3.32 | 3.43 | 4.74 | 5.06 | 3.15 | 3.81 | 4.49 | 2.80 | 0.66 | 2.66 | 4.15 | -0.62 |
| EPS in Rs | 6.07 | 6.27 | 8.67 | 9.25 | 5.76 | 6.97 | 8.21 | 5.12 | 1.21 | 4.86 | 7.59 | -1.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 136 | 158 | 151 | 237 | 255 | 303 | 281 | 371 | 388 | 253 | 186 |
| Expenses | 112 | 119 | 138 | 134 | 214 | 229 | 275 | 251 | 336 | 352 | 230 | 167 |
| Operating Profit | 15 | 17 | 20 | 17 | 23 | 26 | 28 | 30 | 35 | 36 | 23 | 19 |
| OPM % | 12% | 13% | 12% | 12% | 10% | 10% | 9% | 11% | 9% | 9% | 9% | 10% |
| Other Income | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 4 | 4 |
| Interest | 2 | 3 | 5 | 5 | 7 | 8 | 9 | 12 | 13 | 11 | 10 | 10 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 11 | 12 | 13 | 11 | 15 | 15 | 17 | 15 | 20 | 22 | 14 | 9 |
| Tax % | 36% | 35% | 32% | 30% | 24% | 26% | 26% | 27% | 27% | 24% | 26% | |
| Net Profit | 7 | 8 | 9 | 7 | 11 | 11 | 12 | 11 | 15 | 17 | 10 | 7 |
| EPS in Rs | 14.10 | 15.60 | 16.98 | 14.44 | 22.31 | 22.43 | 24.46 | 20.46 | 26.85 | 30.18 | 18.77 | 12.53 |
| Dividend Payout % | 16% | 16% | 15% | 17% | 11% | 11% | 11% | 15% | 11% | 10% | 16% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | 0% | -4% | -48% | ||
| Compounded Profit Growth | 4% | -2% | -3% | -52% | ||
| Stock Price CAGR | 9% | 16% | 1% | 18% | ||
| Return on Equity | 11% | 10% | 9% | 6% |
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 48 | 54 | 62 | 69 | 75 | 84 | 94 | 106 | 124 | 137 | 152 | 161 |
| Borrowings | 25 | 10 | 24 | 30 | 42 | 45 | 64 | 88 | 95 | 93 | 90 | 88 |
| Other Liabilities | 25 | 27 | 38 | 44 | 69 | 126 | 119 | 86 | 136 | 136 | 61 | 43 |
| Total Liabilities | 104 | 97 | 128 | 148 | 191 | 261 | 282 | 284 | 360 | 371 | 308 | 297 |
| Fixed Assets | 23 | 23 | 23 | 21 | 22 | 33 | 43 | 47 | 47 | 45 | 44 | 45 |
| CWIP | 0 | 0 | 1 | 0 | 0 | 4 | 1 | 0 | 0 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 81 | 74 | 105 | 127 | 169 | 224 | 239 | 237 | 313 | 326 | 264 | 250 |
| Total Assets | 104 | 97 | 128 | 148 | 191 | 261 | 282 | 284 | 360 | 371 | 308 | 297 |
| 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 | -0 | 8 | -3 | -5 | 7 | 11 | 8 | -13 | 5 | 11 | 40 | 23 |
| Cash from Investing Activity | -1 | -6 | -1 | -1 | -3 | -17 | -9 | -6 | -3 | -1 | -1 | -3 |
| Cash from Financing Activity | 7 | -18 | 11 | 2 | 6 | -6 | 10 | 14 | 3 | -17 | -16 | -13 |
| Net Cash Flow | 6 | -16 | 6 | -4 | 10 | -12 | 9 | -5 | 5 | -7 | 23 | 6 |
| Free Cash Flow | -4 | 5 | -6 | -6 | 3 | -6 | -1 | -20 | 1 | 9 | 37 | 16 |
| CFO/OP | 22% | 80% | 7% | -6% | 62% | 64% | 47% | -29% | 30% | 46% | 136% | 101% |
| 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 | 74 | 101 | 152 | 144 | 157 | 141 | 131 | 110 | 144 | 105 | 88 | 154 |
| Inventory Days | 154 | 117 | 150 | 224 | 309 | 260 | 258 | 189 | 314 | 253 | 165 | 201 |
| Days Payable | 80 | 62 | 100 | 138 | 123 | 164 | 147 | 77 | 160 | 110 | 36 | 38 |
| Cash Conversion Cycle | 148 | 157 | 202 | 230 | 343 | 236 | 242 | 221 | 298 | 248 | 218 | 317 |
| Working Capital Days | 35 | 88 | 104 | 122 | 107 | 86 | 70 | 87 | 102 | 102 | 82 | 114 |
| ROCE % | 17% | 17% | 19% | 18% | 14% | 17% | 16% | 14% | 13% | 14% | 14% | 10% |
| 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 | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% | 46.45% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% |
| Public | 53.56% | 53.55% | 53.55% | 53.57% | 53.55% | 53.54% | 53.52% | 53.50% | 53.48% | 53.49% | 53.49% | 53.41% |
| No. of Shareholders | 6,774 | 6,947 | 7,195 | 8,445 | 8,899 | 9,548 | 9,715 | 9,694 | 10,328 | 10,435 | 10,349 | 10,697 |
Fundamentals
Market Cap₹ 212 Cr.
Current Price₹ 388
Stock P/E31.0
Book Value₹ 304
ROCE9.50 %
ROE6.33 %
Dividend Yield0.77 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-48%
Compounded Profit Growth (TTM)-52%
Standalone figures.
Valuation
Market capRs 201 Cr
Enterprise valueRs 255 Cr
P/E (TTM)29.36x
Price to book1.21x
Price to sales1.08x
EV / EBITDA11.44x
EV / EBIT13.60x
EV / sales1.37x
Price to cash flow8.82x
Earnings yield3.41%
Dividend yield0.82%
P/E, 3-year average13.31x
P/B, 3-year average1.25x
P/E, 5-year average11.83x
P/B, 5-year average1.13x
Profitability
Operating margin (excl. other income)9.22%
Operating margin (incl. other income)10.82%
EBITDA margin12.01%
Pre-tax margin4.86%
Net profit margin3.69%
Net margin, latest quarter-3.99%
ROE6.35%
ROCE9.51%
ROA3.39%
ROE, 3-year average9.38%
ROCE, 3-year average12.54%
ROA, 3-year average4.09%
ROE, 5-year average9.85%
ROCE, 5-year average12.97%
ROA, 5-year average4.02%
ROIC (approx.)6.29%
Tax rate26.12%
Other income / net worth2.43%
Growth
Sales growth (latest year)-34.78%
Profit growth (latest year)-37.80%
Sales CAGR, 3 years-3.50%
Sales CAGR, 5 years-0.19%
Profit CAGR, 3 years-2.82%
Profit CAGR, 5 years-2.01%
Sales growth QoQ-82.66%
Profit growth QoQ-114.94%
Sales growth YoY (latest quarter)-81.20%
Profit growth YoY (latest quarter)-122.14%
Per share
EPS (TTM)Rs 12.52
EPS (latest year)Rs 18.77
EPS (latest quarter)Rs -1.13
EPS, 3-year averageRs 25.27
EPS, 5-year averageRs 24.14
Book value per shareRs 303.66
Sales per shareRs 339.82
Cash flow per shareRs 41.68
Free cash flow per shareRs 29.25
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 2.96
Dividends
Dividend payout15.97%
Dividend payout, 3-year average12.36%
Dividend payout, 5-year average12.63%
Efficiency
Asset turnover0.85x
Fixed asset turnover5.66x
Inventory turnover2.26x
Inventory days162 days
Debtor days154 days
Debtors turnover2.37x
Creditor days38 days
Cash conversion cycle317 days
Working capital days114 days
Leverage
Total debtRs 88 Cr
Cash and bankRs 34 Cr
Net debtRs 54 Cr
Debt to equity0.53x
Net debt / EBITDA2.43x
Interest coverage1.93x
Owners' fund to total sources55.86%
Debt to assets29.64%
Cash flow
Cash from Operating Activity (latest year)Rs 23 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -13 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years1.02x
Sales to cash flow11.09x
Statement figures
Net sales (TTM)Rs 186 Cr
Net sales (latest year)Rs 253 Cr
Sales (latest quarter)Rs 16 Cr
Operating profit excl. other income (latest year)Rs 23 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 22 Cr
PBDT (TTM)Rs 13 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 10 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 187 Cr
Total expenditure (latest year)Rs 230 Cr
Total income (latest year)Rs 257 Cr
Share capitalRs 5 Cr
ReservesRs 161 Cr
Shareholders' fundsRs 166 Cr
Total assetsRs 297 Cr
Net blockRs 45 Cr
Capital work in progressRs 3 Cr
ReceivablesRs 107 Cr
InventoryRs 83 Cr
Other liabilitiesRs 43 Cr
Shares outstanding (crore)0.55
Ownership
Promoter holding46.45% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 29.4 is at the 98th percentile of its own 9.4-year range
(median 10.9, low 5.2, high 30.3).
P/B 1.21 is at the 58th percentile (median 1.11).
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 | 517417 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -11.1% | -2.8% | -8.3 pts |
| 1 month | +32.9% | -6.8% | +39.7 pts |
| 3 months | -2.1% | -7.6% | +5.6 pts |
| 3 years | -1.3% | +14.2% | -15.5 pts |
| 5 years | +104.8% | +27.9% | +76.9 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 13% vs sales -35% 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 ₹16 Cr -81.2% vs Jun 2025.
Net loss ₹1 Cr.
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 Patels Airtemp (India) Ltd?
Patels Airtemp (India) Ltd (517417) has a market capitalisation of Rs 212 Cr. at the 2026-10-01 close.
What is the P/E ratio of Patels Airtemp (India) Ltd?
Patels Airtemp (India) Ltd trades at a P/E of 31.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Patels Airtemp (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Patels Airtemp (India) Ltd sales was Rs 16 Cr (-81.2% vs Jun 2025) with a net loss of Rs 1 Cr.