Patels Airtemp India Ltd (PATELSAI)

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Patels Airtemp India Ltd (PATELSAI) · mywealthgrid

About

Patels Airtemp India Ltd is a small-cap industrial products manufacturer with quarterly revenues typically ranging from ₹50–83 Cr. The company maintains consistent profitability with operating margins of 8–12% and operates with limited institutional investor presence. At ₹154.94 Cr market cap and PE of 10.5, it sits in the value space despite significant recent volatility across a 52-week range of ₹184.45–₹405.6.

Face value: ₹10

Market cap

₹202 Cr

P/E

18.1×

P/B

1.4×

Dividend yield

1.6%

ROE

10.8%

ROCE

21.3%

Debt / equity

0.65

OPM

9.4%

EPS (TTM)

₹20.4

Book value

₹260.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock down 14.43% over one year despite a PE of 10.5 and ROE of 10.84%—verify what structural headwinds or sector challenges are driving underperformance. - Operating margins swing from 8.45% to 12.06% quarter-to-quarter; understand whether this reflects cyclicality, operational inefficiency, or product-mix and pricing issues. - Verify whether minimal institutional ownership (FII 0.07%, DII 0.07%) constrains liquidity and analyst coverage. - For a small industrial manufacturer with D/E of 0.65, verify working-capital intensity and cash-conversion cycle.

Generated analysis · source review pending

Growth drivers

Quarterly revenue base of ₹50–83 Cr shows headroom for volume growth; verify whether constraints are market demand, capacity, or pricing. - Operating margins ranged 8.45%–12.06% historically and currently sit at 9.44%, suggesting room to restore efficiency toward the upper end if production or pricing improves. - Consistent dividend payments across five years indicate cash generation; verify whether retained earnings are invested in capex or product development. - Small-cap with minimal institutional ownership (FII 0.07%, DII 0.07%) could attract a re-rating if operational improvements drive earnings growth.

Generated analysis · source review pending

2,175 historical price candles were omitted because the exchange source has not been verified.

₹367.6-5.3%1Y

Quick read

rule-based

Pros

+High return on capital employed of 20%
+Dividend payout of 29.5% of profit

Cons

−Low return on equity of 10.6% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 34
Growth: 42
Valuation: 79

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	237	255	303	281	371
COGS	140	146	189	174	244
Gross profit	97	109	114	108	126
	74	83	86	77	91
	23	26	28	30	35
OPM %	9.7%	10.2%	9.3%	10.7%	9.4%
Depreciation	3	3	4	4	4
Interest	7	8	9	12	13
	2	1	1	1	2
Profit before tax	15	15	17	15	20
Tax	3	4	4	4	5
Tax %	23.5%	26.3%	26.4%	27.2%	27%
	11	11	12	11	15
PAT margin %	4.8%	4.4%	4.1%	4%	4%
EPS (₹)	22.3	22.4	24.4	21.4	27
EPS adjusted (₹)	22.3	22.4	24.4	20.4	27
	11.2%	11.2%	11.5%	14%	11.1%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	5	5	5	5	5
Reserves	—	94	106	124	137
	—	64	88	95	93
	—	119	86	136	136
Total equity & liabilities	—	282	284	360	371
	33	43	47	47	45
CWIP	—	1	0	0	0
Investments	—	0	0	0	0
	—	239	237	313	326
Total assets	—	282	284	360	371

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	11	8	-13	5	11
	-17	-9	-6	-3	-1
	-6	10	14	3	-17
Net cash flow	-12	9	-5	5	-7
Free cash flow	—	-1	-20	1	11
CFO / Operating profit %	48.3%	32.5%	-45.3%	15.9%	31.8%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	41%	42.8%	37.6%	38.2%	34.1%
EBITDA margin %	9.7%	10.2%	9.3%	10.7%	9.4%
EBIT margin %	8.5%	8.9%	8.1%	9.3%	8.3%
PAT margin %	4.8%	4.4%	4.1%	4%	4%
Working capital
Receivable days	—	131	112	144	105
Inventory days	—	258	189	314	253
Payable days	—	147	81	160	110
NWC days	—	242	220	298	248
Leverage
Current ratio	—	1.43	1.66	1.43	1.44
Debt to EBITDA	—	2.45	3.1	3.16	2.65
Debt to equity	—	0.64	0.79	0.74	0.65
Interest coverage	3	2.9	2.9	2.3	2.6
Asset turnover	—	0.9	1.07	0.78	1
Return ratios
Return on assets %	—	4%	4.4%	3.1%	4%
Return on capital employed %	—	20.2%	20%	18.7%	21.3%
Return on equity %	—	11.4%	11.2%	8.6%	10.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%	46.44%
	0%	0%	0%	0%	0%	0%	0.04%	0.07%	0.07%	0.07%	0.07%	0.07%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.07%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	53.56%	53.56%	53.56%	53.56%	53.56%	53.56%	53.52%	53.49%	53.49%	53.49%	53.49%	53.42%
No. of shareholders	—	—	—	—	—	—	—	—	10,328	10,435	10,349	10,697

Promoter holding up 0 percentage points since Sep 2023.

6 deals · 6 Oct 2021 – 17 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Sept 2026	ANANT JAIN	Bulk	BSE	Buy	42,722	₹365.55	₹1.56 Cr
22 Apr 2024	AMODINI SALES PRIVATE LIMITED	Bulk	BSE	Buy	31,000	₹493.52	₹1.53 Cr
5 Jul 2023	ZAKI ABBAS NASSER	Bulk	BSE	Buy	45,000	₹270.19	₹1.22 Cr
5 Jul 2023	RAMESH CHIMANLAL SHAH	Bulk	BSE	Sell	31,840	₹270.29	₹0.86 Cr
29 May 2023	ROHA ASSET MANAGERS LLP	Bulk	BSE	Sell	51,418	₹228.53	₹1.18 Cr
6 Oct 2021	ROHA ASSET MANAGERS LLP	Bulk	BSE	Buy	50,000	₹219.86	₹1.10 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SANJIVKUMAR NARAYANBHAI PATELExecutive Director-Chairperson-CEO-MD
K R ShahChief Financial Officer
Mr. SHIVANG PRAKASHCHANDRA PATELExecutive Director
Mr. APURVA VINUBHAI SHAHExecutive Director
Mr. NAIMISH BHANUPRASAD PATELNon-Executive - Independent Director
Mr. RAJENDRAKUMAR CHATURBHAI PATELNon-Executive - Independent Director
Mrs. NIDHI YASH PATELNon-Executive - Independent Director
Nikhil M PatelCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Patels Airtemp India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

21

Dividend dividend21 Aug 2026 · ex-date₹3
Dividend dividend19 Sept 2025 · ex-date₹3
Final dividend12 Sept 2024 · ex-date₹3
Dividend dividend14 Sept 2023 · ex-date₹3
Final dividend15 Sept 2022 · ex-date₹2.8
Final dividend16 Sept 2021 · ex-date₹2.5
Final dividend17 Sept 2020 · ex-date₹2.5
Dividend dividend19 Sept 2019 · ex-date₹2.5
Dividend dividend19 Sept 2018 · ex-date₹2.5
Dividend dividend11 Sept 2017 · ex-date₹2.5
Dividend dividend21 Jul 2016 · ex-date₹2.2
Dividend dividend8 Sept 2015 · ex-date₹2.2
Dividend dividend21 Aug 2014 · ex-date₹2
Dividend dividend18 Sept 2013 · ex-date₹2
Dividend dividend18 Sept 2012 · ex-date₹2
Dividend dividend21 Sept 2011 · ex-date₹2
Dividend dividend18 Aug 2010 · ex-date₹2
Dividend dividend3 Sept 2009 · ex-date₹1.8
Dividend dividend11 Sept 2008 · ex-date₹1
Interim dividend16 Nov 2007 · ex-date₹0.5
Dividend dividend13 Sept 2007 · ex-date₹1

1

Board meeting to consider results8 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

37 announcementsExport CSV

29 Sept 2026, 12:17 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

19 Sept 2026, 2:45 pmCompany Update

Reply To Clarification On Price Movement Sought By BSE Limited

General PDF

18 Sept 2026, 6:42 pmCompany Update

Clarification sought from Patels Airtemp India Ltd

Clarification

15 Sept 2026, 4:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

14 Sept 2026, 1:55 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

13 Sept 2026, 3:19 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

20 Aug 2026, 2:24 pmCompany Update

Intimation Under Regulation 30 Regarding Letter Dispatched To The Shareholders Of The Company.

General PDF

19 Aug 2026, 1:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
29 Sept 2026, 12:17 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
19 Sept 2026, 2:45 pm	Company Update General	Reply To Clarification On Price Movement Sought By BSE Limited	PDF

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Patels Airtemp India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

21

1

Announcements

21

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Patels Airtemp India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends21

Board meetings1

Announcements

Dividends21

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

21

1

21

1