Patels Airtemp (India) Ltd

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451.10-10.85 (-2.35%)

04:01 PM,1st Mar 2024

BSE : 517417


Sector : Engineering

ISIN Code : INE082C01024

  • NSE
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Last Updated: Mar 01 2024 | 04:01 PM IST

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Patels Airtemp (India) Ltd

Promoted by N G Patel and Associates Patel Airtemp (India) Ltd was incorporated in June 1992 with the objective of taking over two of the eight existing units of the group in order to create a harmony in the group's product range and to avoid competition among the group companies. The Company is presently engaged in manufacture and sale of extensive range of Heat Exchangers such as Shell & Tube Type Finned Tube Type and Air Cooled Heat Exchangers Pressure Vessels Air-conditioning and Refrigeration equipments and Turnkey HVAC Projects in India & marketing of equipments even outside India. All these products are supplied to leading Industrial Sections like Power Projects Refineries Fertilizers Cements Petrochemicals Pharmaceuticals Textile and Chemical Industries.The two existing profit-making companies -- Patel Airtemp Pvt Ltd and Gujarat Patcon Pvt Ltd -- have been merged with Patel Airtemp (India) pursuant to the order of the Gujarat High Court dated 1 May '93. These two companies had their independent manufacturing facilities at GIDC Vatva near Ahmedabad which are now designated as Unit I and II of the company. The company has set up another plant at Kalol in Mehasana district Gujarat for which it came out with a public issue in Mar.'94 aggregating Rs 3.5 cr.The company manufactures a wide range of engineering equipment such as heat exchangers pressure vessels industrial fans and blowers as well as air-conditioning and refrigeration equipment. The company's product range is used extensively as capital equipment in several projects like fertilisers petrochemicals cement agro-chemicals chemicals pharmaceuticals power plants etc. With the third unit on stream the company manufactures special pressure vessels like horten spheres LPG bullets and storage vessels for hazardous chemicals. Company has completed two prestigious Jobs for Nirma Ltd for their LAB as well as Soda Ash Project. These jobs were sucessfully completed with rigid quality specifications. Similarly Company also executed certian critical jobs pertaining to ventilation and Airconditioning Equipment & Project for M/s Reliance Petroleum Ltd- Jamnagar also some Special Heat Exchanger for Indo Gulf Fertilisers & over 16 Bullets for IOCL for its various plants located all over country. Company also seriously exploring the possibility of going for the lucrative line of Turnkey Projects.In August 2004 the Vatva Division of the Company got demerged into Patels Airflow Ltd. In consideration thereof 1 equity share of Rs.10/- each of Patels Airflow Ltd was issued for every 4 existing equity shares held. Consequently the existing equity shares of Rs.10/- each got reduced to Rs.7.50 each which were consolidated into 3 equity shares Rs.10/- each for every 4 shares of Rs.7.50 each.The Company in 2019-20 set up a Greenfield project at Village Dudhai in Dist. Mehsana Gujarat with total capital outlay of around Rs.19.10 Crores for dedicated manufacturing of Air Cooled Heat Exchanger / Air Fin Cooler. Patels Airtemp (USA) Inc. became wholly owned subsidiary of the Company on 13th January 2020 by acquiring its 100% shares in 2019-20.

Patels Airtemp (India) Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)30.00
Latest Dividend Date 14 Sep 2023
Dividend Yield (%) 0.66
Book Value Share (₹) [S]245.82
P/B Ratio (₹) [S]1.84
[*C] Consolidated [*S] Standalone

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Share Price Returns

1 Week-4.76%%0.820.57%
1 Month10.77%%2.932.96%
3 Month5.41%%9.2810.22%
6 Month26.70%%12.7814.94%
1 Year114.71%%24.1328.01%
3 Year212.07%%47.9351.33%

Company Info

Company Information

Chairman & Wholetime Director : Narayanbhai G Patel

Independent Director : Hareshkumar I Shah

Chairman & Managing Director : Sanjivkumar N Patel

Independent Director : Veenaben B Patel

Company Sec. & Compli. Officer : Nikhil M Patel

Whole-time Director : Apurva V Shah

Whole-time Director : Shivang P Patel

Independent Director : Rajendrakumar C Patel

Independent Director : Naimeshbhai B. Patel

Registered Office: 5th Floor Kalpana Complex, Nr Memnagar Fire Station,Ahmedabad,Gujarat-380009 Ph: 91-2764286634/35