PATELSAI share price, P/E, ROE & financials

Patels Airtemp (India) (BSE: PATELSAI) had a P/E of 27.2× on 6 Nov 2026, below the industry P/E of 33.8×, and the shares are 22% below their 52-week high. Sales and net profit fell 3.4% and 2.7% a year over 3 years; its ROCE of 13% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. Debt is 0.47× equity, and its dividend yield is 0.9%. It is a small-cap company with a market cap of ₹186 Cr, ranked 96th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹345.00
Day high: ₹354.95
Day low: ₹338.50
Prev. close: ₹349.75
Volume: 2.3K

Health check

1 good · 2 fair · 3 to check

ReturnsIn line
+13.3% over a year, better than 4 of 7 peers.
Price tagCheaper
P/E 27.2 vs industry 33.8.
GrowthShrinking
Sales −3.4%, profit −2.7% a year over 3 years.
ProfitabilityWeak
ROCE 12.8% vs peer median 24.8%.
Balance sheetFair
Debt 0.47× equity, interest covered 2.8×, Piotroski 6 of 9.
Red flags3 to check
Return on equity is low at 5.1%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹186 Cr, #96 of 138 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹212 Cr · profit ₹8 Cr

Market cap: ₹186 Cr; Small cap
P/E: 27.2; Industry 33.8
Price to book: 1.12; Peers 9.16
Dividend yield: 0.88%
ROE: 5.1%; Peers 19.1%
ROCE: 12.8%; Peers 24.8%
Debt to equity: 0.47; Debt ₹77 Cr
EPS (TTM): ₹12.51
OPM (TTM): 10.0%; Net margin 3.9%
Sales growth: −81.2%; Latest quarter vs a year ago
Profit growth: −122.2%; Latest quarter vs a year ago
Price to sales: 0.88; EV/EBITDA 11.5

Strengths

Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 5.1%.
Quarterly profit down 122.2% on a year ago.
Quarterly sales down 81.2% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Patels Airtemp (India)

Patels Airtemp (India) Limited manufactures and sells heat exchangers, pressure vessels, and air-conditioning and refrigeration equipment in India, Canada, the United States, Zambia, the United Kingdom, the Netherlands, Israel, Singapore, and Thailand. The company offers air cooled heat exchangers, shell and tube heat exchangers, ambient air heaters, air cooled condensers, and shell and fin tube heat exchangers. It also undertakes various turnkey HVAC…

Headquarters: Ahmedabad
Employees: 223
Sector: Industrials
ISIN: INE082C01024
Website: patelsairtemp.com

Price range

52 weeks

₹180.10₹437.15

Today

₹338.50₹354.95

Avg volume (3M): 14.9K
1-year return: plus 13.3%
From 52-week high: minus 22.2%

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
BHELBharat Heavy Electricals	418.80	plus 0.17%	1,45,829	50.6	74.6	6.6%	10.1%	0.22	13.5%	plus 56.4%
ABBABB India	6,774.00	plus 2.20%	1,43,547	92.3	68.2	28.5%	13.8%	0.02	15.4%	plus 26.4%
SIEMENSSiemens	3,560.00	plus 3.73%	1,26,779	86.1	59.3	16.5%	10.4%	0.02	3.0%	plus 10.0%
CUMMINSINDCummins India	4,048.80	minus 0.25%	1,12,233	49.8	41.7	35.0%	19.1%	0.00	16.1%	minus 6.0%
GVT&DGE Vernova T&D India	4,018.00	minus 3.06%	1,02,879	71.3	56.6	58.5%	26.5%	0.01	31.1%	plus 31.7%
SUZLONSuzlon Energy	38.80	plus 0.54%	53,337	23.7	17.3	24.8%	16.7%	0.07	41.4%	minus 35.7%
AIAENGAIA Engineering	3,113.60	minus 2.77%	29,056	23.5	19.6	19.9%	27.4%	0.00	−3.4%	minus 3.9%
PATELSAIPatels Airtemp (India)	340.30	minus 2.70%	186	27.2	9.6	12.8%	10.0%	0.47	−3.4%	plus 13.3%
Median of 7 peers	–	0.17%	1,12,233	50.6	56.6	24.8%	16.7%	0.02	15.4%	10.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
82.6	22	58.8	89.5	15.5
76	18.9	52.4	82.4	13.7
6.5	3.2	6.4	7.2	1.8
7.9%	14.4%	10.9%	8.0%	11.8%
0.6	1.4	1	1.1	0.3
2.2	2	3.5	2.3	2
0.9	0.9	0.9	0.9	0.9
4.1	1.7	3	5.1	−0.8
31.6%	61.1%	12.4%	18.1%	19.0%
2.8	0.7	2.7	4.2	−0.6
5.12	1.21	4.85	7.59	-1.14

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −3.4%
Profit CAGR 3Y: −2.7%
EPS CAGR 3Y: −4.3%
ROE: 5.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
279	371	385	252
–	+32.7%	+3.9%	minus 34.7%
248	335	350	228
31.9	35.5	35.9	23.3
11.4%	9.6%	9.3%	9.3%
−2.4	2	−1.6	1.6
8.4	12.9	8.3	7.6
4.1	4.1	3.9	3.5
−1.7	−0.4	−0.2	0
15.3	20.1	21.9	13.9
27.2%	27.0%	24.5%	26.1%
11.2	14.7	16.5	10.3
–	+31.6%	+12.4%	minus 37.8%
21.40	26.86	30.18	18.78

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
5.5	5.5	5.5	5.5
124	137	152	161
95.2	92.6	90	88.1
136	136	60.9	43.1
360	371	308	297
46.2	44.8	43.9	47.4
–	–	0.4	2.8
13.2	2	3	1
11.3	19.1	42.6	50.2
290	305	218	196
360	371	308	297

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4.8	11.2	40	22.8
−3.2	−0.8	−1.2	−3.2
3.4	−17.1	−15.7	−13.4
5.1	−6.7	23.1	6.2
−3.9	−2.4	−2.7	−7.1
0.9	8.7	37.3	15.7
−1.4	−1.6	−1.6	−1.6

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you