As of 6 Nov 2026, ATV Projects India trades at 9.6× trailing earnings, below the industry P/E of 16.4×, and the shares are 52% below their 52-week high. Sales and net profit grew 12% and 12% a year over 3 years; its ROCE of 2.8% is the lowest among the 7 largest Engineering & Construction peers. Debt is 0.16× equity. It is a small-cap company with a market cap of ₹114 Cr, ranked 113th of 156 Engineering & Construction companies by market cap; the shares fell 30% over the past year.
- ₹22.55
- ₹23.00
- ₹21.20
- ₹22.11
- 4.4K
Health check
- ReturnsBehind
−30.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 9.6 vs industry 16.4.
- GrowthSlow
Sales +12.3%, profit +12.1% a year over 3 years.
- ProfitabilityWeak
ROCE 2.8% vs peer median 19.9%.
- Balance sheetSolid
Debt 0.16× equity, interest covered 166.7×, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 5.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹114 Cr
- Small cap
- P/E
- 9.6
- Industry 16.4
- Price to book
- 0.51
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 5.5%
- Peers 17.9%
- ROCE
- 2.8%
- Peers 19.9%
- Debt to equity
- 0.16
- Debt ₹35 Cr
- EPS (TTM)
- ₹2.24
- OPM (TTM)
- 11.9%
- Net margin 15.8%
- Sales growth
- +14.7%
- Latest quarter vs a year ago
- Profit growth
- +320.4%
- Latest quarter vs a year ago
- Price to sales
- 1.52
- EV/EBITDA 16.1
Strengths and risks
Strengths
- Quarterly profit up 320.4% on a year ago.
- P/E of 9.6 against an industry P/E of 16.4.
Risks to check
- Return on equity is low at 5.5%.
- 52% below its 52-week high.
About ATV Projects India
ATV Projects India Limited manufactures and trades engineering equipment. The company offers desalters, cryogenic vessels, distillation columns, pressure vessels, heat exchangers, boilers, reactors, bullets, strippers, Horton spheres, autoclaves, chemical plant equipment, towers, sugar plant equipment, tank-lined/unlined, cement plant equipment, mixers, hydro power plant equipment, crystallization, and evaporators; and bagasse fired water tube, fluidized…
- Headquarters
- Mumbai
- Sector
- Industrials
- ISIN
- INE447A01015
- Website
- atvprojects.co.in
Price range
- Avg volume (3M)
- 21.7K
- 1-year return
- minus 30.3%
- From 52-week high
- minus 51.6%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| ATVPRATV Projects India | 21.49 | minus 2.80% | 114 | 9.6 | 17.6 | 2.8% | 11.9% | 0.16 | 12.3% | minus 30.3% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 14 | 18.3 | 20.1 | 20.6 | 16 | |
| 12.2 | 16.5 | 17.7 | 18.3 | 13.6 | |
| 1.7 | 1.9 | 2.4 | 2.3 | 2.4 | |
| 12.4% | 10.2% | 11.8% | 11.4% | 14.8% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| – | – | – | – | 4.1 | |
| 1.5 | 1.6 | 2 | 2 | 6.2 | |
| −0.1% | −0.6% | −1.1% | −0.8% | −0.1% | |
| 1.5 | 1.6 | 2.1 | 2 | 6.2 | |
| 0.28 | 0.30 | 0.39 | 0.38 | 1.17 |
Profit & loss
- Sales CAGR 3Y
- +12.3%
- Profit CAGR 3Y
- +12.1%
- EPS CAGR 3Y
- +12.0%
- ROE
- 5.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 47.8 | 61.5 | 70.6 | 67.7 | |
| – | +28.7% | +14.7% | minus 4.1% | |
| 42.9 | 54.1 | 62.9 | 59.5 | |
| 4.9 | 7.5 | 7.7 | 8.2 | |
| 10.2% | 12.1% | 10.9% | 12.1% | |
| 0.1 | 0.1 | 0.7 | 0.1 | |
| 0 | 0 | 0 | 0 | |
| 1.3 | 1.1 | 1.1 | 1.1 | |
| 1.4 | – | – | – | |
| 5 | 6.4 | 7.4 | 7.1 | |
| −1.6% | −0.8% | −0.6% | −0.7% | |
| 5.1 | 6.5 | 7.4 | 7.2 | |
| – | +27.2% | +14.6% | minus 3.3% | |
| 0.96 | 1.22 | 1.39 | 1.35 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 52.6 | 52.6 | 52.6 | 52.6 | |
| 140 | 146 | 153 | 161 | |
| 54.5 | 50.6 | 42.7 | 36.4 | |
| 21 | 18.2 | 10.7 | 20.3 | |
| 268 | 267 | 259 | 270 | |
| 214 | 214 | 213 | 214 | |
| 0.9 | 3.2 | 1.4 | 6.7 | |
| 52.7 | 50.1 | 44.4 | 49.5 | |
| 268 | 267 | 259 | 270 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.9 | 7.4 | 5.9 | 12.7 | |
| 1.4 | −1.1 | 0.3 | −1.2 | |
| 0.2 | −3.9 | −7.9 | −6.3 | |
| 0.6 | 2.3 | −1.8 | 5.2 | |
| −1.6 | −1.2 | −0.5 | −1.3 | |
| −2.5 | 6.1 | 5.4 | 11.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.8% (Yahoo estimate).
Major shareholders
Filings & events
News
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