Patels Airtemp India Ltd517417Corporate

Industrial Products Latest results: Dec 2023 13 quarters of data

₹332.75

MCap ₹166 Cr · P/E 12.1

Patels Airtemp India Ltd — Stock analysis & AI research Patels Airtemp India Ltd — Live exchange announcements

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹87 Cr

Sales · Dec 2023

+35.9% YoY

₹8 Cr

Operating Profit · Dec 2023

+2.8% YoY

8.9%

OPM % · Dec 2023

-23.9% YoY

₹3 Cr

Net Profit · Dec 2023

+44.0% YoY

₹6.16

EPS · Dec 2023

+43.9% YoY

📝 Patels Airtemp India Ltd — results explained

Quarter ended December 2023 (Q3 FY24)

Patels Airtemp India Ltd reported revenue of ₹87 crore for the quarter ended December 2023 (Q3 FY24), up 35.9% from ₹64 crore in the same quarter last year, and up 2.4% sequentially over the September 2023 quarter.

Net profit rose 44.0% year-on-year to ₹3 crore, from ₹2 crore. Earnings per share (EPS) came in at ₹6.16.

Operating profit stood at ₹8 crore — an operating margin (OPM) of 8.9%, compared with 11.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY24, Patels Airtemp India Ltd posted revenue of ₹255 crore, a decline of 9.3% over FY23, with a net profit of ₹10 crore (down 11.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹357 crore with a net profit of ₹14 crore.

Valuation snapshot

At the current price of ₹332.75, 517417 has a market capitalisation of ₹166 crore and a trailing P/E of about 12.1.

Within the Industrial Products industry, it is the 25th-largest of the 90 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 46.45%, foreign institutional investors (FIIs) 0.07%, domestic institutional investors (DIIs) 0.07%, public shareholders 53.41% of Patels Airtemp India Ltd.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹166 Cr

Current Price ?

₹332.8

P/E ?

12.14below ind

Industry P/E ?

25.00

P/B ?

1.00

P/S ?

0.47

P/FCF ?

10.40

Enterprise Value ?

₹254 Cr

EV/EBITDA ?

7.73

PEG ?

1.35

Earnings Yield ?

11.3%

Dividend Yield ?

0.90%

Profitability & Returns

Sales (TTM) ?

₹357 Cr

OPM ?

9.2%

Profit after tax (TTM) ?

₹14 Cr

EPS (TTM) ?

₹27.42

ROCE ?

10.0%

ROE ?

8.3%

ROA ?

4.6%

Growth

Sales — latest qtr ?

₹87 Cr

PAT — latest qtr ?

₹3 Cr

YoY qtr sales growth ?

35.9%

YoY qtr profit growth ?

44.0%

Sales growth (3y) ?

13%

Sales growth (5y) ?

20%

Profit growth (3y) ?

Profit growth (5y) ?

15%

Financial Health

Debt ?

₹88 Cr

Debt to Equity ?

0.53

Interest Coverage ?

2.5

Current Ratio ?

N/A

Ownership

Promoter holding ?

46.45%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

8.8%

Return 6 months ?

50.2%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Dec bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	YoY %	QoQ %
Sales	83	72	48	61	113	80	35	81	64	101	83	85	87	+35.9%	+2.4%
Operating Profit	7	7	6	7	8	7	6	8	8	9	8	8	8	+2.8%	-8.6%
Other Income	0	0	0	0	0	1	0	0	0	0	0	0	1	+27.3%	+273.3%
Interest	2	2	2	3	2	2	2	3	4	3	3	3	3	-27.9%	-17.0%
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1	-1.9%	-1.0%
Profit Before Tax	4	4	3	4	5	4	3	4	3	5	4	4	5	+40.5%	+4.9%
Net Profit	3	3	3	3	4	3	2	3	2	4	3	3	3	+44.0%	+1.5%
EPS	6.57	5.94	5.07	5.19	7.79	6.33	4.08	5.78	4.28	6.98	5.85	6.07	6.16	+43.9%	+1.5%
OPM %	8.6%	10.1%	13.4%	10.9%	7.0%	9.0%	16.0%	9.9%	11.7%	8.9%	9.3%	9.9%	8.9%	-23.9%	-10.1%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY23	FY24	TTM	YoY %
Sales	₹281 Cr	₹255 Cr	₹357 Cr	-9.3%
Operating Profit	₹30 Cr	₹24 Cr	₹33 Cr	-20.7%
OPM %	10.73%	9.37%	9.23%	-12.7%
NPM %	3.96%	3.87%	3.85%	-2.3%
Other Income	₹1 Cr	₹1 Cr	₹1 Cr	-34.9%
Depreciation	₹4 Cr	₹3 Cr	₹4 Cr	-24.6%
Interest	₹12 Cr	₹8 Cr	₹11 Cr	-31.8%
EBIT	₹26 Cr	₹21 Cr	₹29 Cr	-20.1%
PBT	₹15 Cr	₹13 Cr	₹19 Cr	-12.3%
Tax	—	—	—	—
Net Profit	₹11 Cr	₹10 Cr	₹14 Cr	-11.4%
EPS	₹21.12	₹18.08	₹25.06	-14.4%
Material Cost	—	—	—	—
Employee Cost	—	—	—	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	5	5	5	5	+0.0%
Reserves	124	137	152	161	+5.9%
Borrowings	95	93	90	88	-2.2%
Other Liabilities	136	136	61	43	-29.5%
Total Liabilities	360	371	308	297	-3.6%
Fixed Assets	47	45	44	45	+2.3%
CWIP	0	0	0	3	—
Investments	0	0	0	0	—
Other Assets	313	326	264	250	-5.3%
Total Assets	360	371	308	297	-3.6%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	5	11	40	23	-42.5%
Cash from Investing Activity	-3	-1	-1	-3	-200.0%
Cash from Financing Activity	3	-17	-16	-13	+18.8%
Net Cash Flow	5	-7	23	6	-73.9%
Free Cash Flow	1	9	37	16	-56.8%
CFO/OP	30%	46%	136%	101%	-25.7%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	144	105	88	154	+75.0%
Inventory Days	314	253	165	201	+21.8%
Days Payable	160	110	36	38	+5.6%
Cash Conversion Cycle	298	248	218	317	+45.4%
Working Capital Days	102	102	93	114	+22.6%
ROCE %	13%	14%	14%	10%	-28.6%

👥 Shareholding (latest 4 periods)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	46.45%	46.45%	46.45%	46.45%	+0.0%
FIIs	0.07%	0.07%	0.07%	0.07%	+0.0%
DIIs	0.00%	0.00%	0.00%	0.07%	—
Public	53.48%	53.49%	53.49%	53.41%	-0.1%
No. of Shareholders	10,328	10,435	10,349	10,697	+3.4%

⚖️ Peer comparison

Industry: Industrial Products · top 25 of 90 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	505872 WPIL	₹438.90	4,296	31.9	1,977	234	17.4%	11.8%	2.6%	59.5%	32.1%	127.0%
2	500147 John Cockerill	₹9,462.00	3,947	396.9	548	12	5.4%	2.1%	51.3%	285.3%	81.7%	-366.0%
3	522101 Kilburn Engineering	₹399.05	2,451	31.2	471	67	22.0%	14.2%	34.0%	25.5%	23.1%	-12.7%
4	543619 Concord Control	₹1,096.70	2,248	27.5	211	41	28.0%	19.4%	—	—	72.0%	78.6%
5	EPACKPEB EPack Prefab	₹221.47	2,229	27.3	1,457	81	9.9%	5.6%	—	—	24.0%	13.6%
6	500068 Disa India	₹11,769.00	1,704	33.5	411	51	15.7%	12.3%	9.2%	6.0%	-14.5%	-18.6%
7	RAJOOENG Rajoo Engineers	₹54.60	976	23.5	336	46	17.0%	13.8%	17.6%	19.9%	44.7%	15.5%
8	544186 Forbes Precision	₹362.75	898	55.1	266	34	22.8%	12.8%	7.3%	3.6%	29.9%	125.7%
9	544023 Kalyani Cast-Tech	₹451.35	806	17.8	150	17	14.7%	11.3%	—	—	-15.9%	16.7%
10	BAJAJINDEF Indef Manufacturing	₹224.63	719	27.6	186	26	11.1%	14.0%	—	—	-25.9%	-0.5%
11	522134 Artson	₹155.50	690	—	136	-7	-1.9%	-5.4%	44.1%	-411.7%	-19.6%	189.6%
12	523850 Axtel Industries	₹666.60	688	34.5	229	31	18.1%	13.5%	25.1%	72.2%	19.7%	-2.1%
13	507944 Bajaj Steel	₹386.80	678	27.5	537	29	9.8%	5.4%	-10.4%	-56.2%	11.9%	-103.6%
14	532329 Danlaw Tech.	₹1,671.50	668	32.0	281	25	15.1%	9.1%	19.7%	21.5%	34.6%	70.9%
15	544001 Sunita Tools	₹773.35	607	74.1	46	6	19.6%	13.9%	—	—	118.2%	103.6%
16	505703 Satani Bearings	₹65.90	580	n/m	41	0	0.2%	0.3%	—	135.3%	—	19.0%
17	543172 Cospower Engineering	₹290.00	553	4.2	108	13	21.3%	12.0%	—	—	257.1%	1000.0%
18	540652 Captain Technocast	₹270.00	546	54.0	129	13	14.0%	10.1%	—	—	31.4%	20.0%
19	505358 Integra Engineering	₹243.15	533	56.3	167	15	16.0%	8.9%	1.7%	-16.6%	-3.1%	-11.2%
20	INTLCONV International Conveyors	₹76.54	488	3.6	213	136	19.7%	63.9%	40.4%	-25.4%	-0.4%	130.1%
21	522650 Bemco Hydraulics	₹1,397.75	442	378.8	101	16	23.7%	16.0%	-3.0%	18.6%	33.1%	89.2%
22	522004 Batliboi Ltd-$	₹91.89	434	48.8	496	9	5.2%	1.9%	6.7%	-51.5%	80.2%	120.1%
23	522105 Birla Precision	₹34.94	407	17.3	248	14	5.4%	5.6%	15.7%	92.8%	1.4%	86.4%
24	522017 Fluidomat	₹644.75	374	16.4	71	19	33.1%	27.1%	-2.7%	-4.8%	-1.3%	-25.8%
25	517417 Patels Airtemp	₹646.65	166	51.6	186	7	10.0%	3.7%	-34.8%	-37.8%	-81.2%	-122.2%

❓ Frequently asked questions

What was Patels Airtemp India Ltd's revenue in Q3 FY24?

What was Patels Airtemp India Ltd's net profit in Q3 FY24?