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Patels Airtemp (India) (BSE 517417)₹342.65−1.28%Industrial Products
In the Mar 2026 quarter (standalone), Patels Airtemp (India) reported sales of ₹89.79 Cr, down 13.9% from Mar 2025, and net profit of ₹4.16 Cr, down 7.6% year on year. For the year to Mar 2026, sales were ₹254 Cr and net profit ₹10.03 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83.00 | 85.48 | 87.56 | 116 | 114 | 82.07 | 88.62 | 104 | 82.74 | 22.10 | 58.96 | 89.79 |
| Expenses | 74.79 | 76.52 | 79.17 | 104 | 103 | 73.82 | 79.08 | 95.20 | 75.76 | 18.81 | 52.19 | 82.06 |
| Operating Profit | 7.73 | 8.46 | 7.81 | 11.10 | 10.37 | 7.75 | 9.03 | 8.49 | 6.54 | 3.18 | 6.45 | 7.18 |
| OPM % | 9.3% | 9.9% | 8.9% | 9.6% | 9.1% | 9.4% | 10.2% | 8.2% | 7.9% | 14.4% | 10.9% | 8.0% |
| Other Income | 0.27 | 0.16 | 0.57 | 1.06 | 0.43 | 0.33 | 0.28 | 0.55 | 0.60 | 1.40 | 0.99 | 1.09 |
| Interest | 2.64 | 3.13 | 2.60 | 4.56 | 2.97 | 2.81 | 3.62 | 1.98 | 2.19 | 1.99 | 3.51 | 2.30 |
| Depreciation | 1.02 | 1.03 | 1.02 | 0.95 | 1.02 | 1.01 | 1.02 | 0.84 | 0.85 | 0.87 | 0.88 | 0.88 |
| Profit before tax | 4.31 | 4.45 | 4.75 | 6.62 | 6.80 | 4.23 | 4.64 | 6.19 | 4.09 | 1.69 | 3.04 | 5.08 |
| Tax % | 25.9% | 25.6% | 27.6% | 28.5% | 25.5% | 25.7% | 18.0% | 27.5% | 31.5% | 61.1% | 12.2% | 18.1% |
| Net Profit | 3.21 | 3.33 | 3.44 | 4.75 | 5.07 | 3.16 | 3.82 | 4.50 | 2.81 | 0.67 | 2.67 | 4.16 |
| EPS (Rs) | 5.86 | 6.08 | 6.28 | 8.66 | 9.26 | 5.75 | 6.96 | 8.20 | 5.13 | 1.22 | 4.85 | 7.60 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 136 | 159 | 151 | 238 | 256 | 304 | 282 | 372 | 389 | 254 | 254 |
| Expenses | 112 | 119 | 137 | 133 | 213 | 228 | 274 | 250 | 334 | 351 | 229 | 229 |
| Operating Profit | 15.01 | 17.01 | 19.99 | 17.01 | 22.99 | 25.99 | 28.01 | 29.98 | 35.01 | 36.04 | 23.01 | 23.35 |
| OPM % | 12.0% | 13.0% | 12.0% | 12.0% | 10.0% | 10.0% | 9.0% | 11.0% | 9.0% | 9.0% | 9.0% | 9.2% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 4.01 | 4.08 |
| Interest | 2.01 | 3.01 | 5.01 | 5.01 | 7.01 | 8.01 | 9.02 | 12.01 | 13.02 | 11.01 | 10.02 | 9.99 |
| Depreciation | 1.99 | 2.99 | 2.99 | 2.99 | 2.99 | 2.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.48 |
| Profit before tax | 10.99 | 11.99 | 12.99 | 10.99 | 14.99 | 15.01 | 16.98 | 15.01 | 19.98 | 21.98 | 14.01 | 13.90 |
| Tax % | 36.0% | 35.0% | 32.0% | 30.0% | 24.0% | 26.0% | 26.0% | 27.0% | 27.0% | 24.0% | 26.0% | — |
| Exceptional items | 0.02 | −0.03 | −0.08 | 0.00 | −0.02 | −0.03 | 0.00 | 0.03 | −0.03 | 0.00 | 0.00 | — |
| Net Profit | 7.02 | 8.02 | 9.02 | 7.02 | 11.03 | 11.02 | 12.04 | 11.02 | 15.03 | 17.04 | 10.03 | 10.31 |
| EPS (Rs) | 14.11 | 15.61 | 16.97 | 14.45 | 22.34 | 22.42 | 24.45 | 20.48 | 26.84 | 30.17 | 18.78 | 18.80 |
| Dividend payout % | 16.0% | 16.0% | 15.0% | 17.0% | 11.0% | 11.0% | 11.0% | 15.0% | 11.0% | 10.0% | 16.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 |
| Reserves | 47.87 | 53.90 | 61.87 | 68.91 | 74.87 | 83.93 | 93.96 | 106 | 124 | 137 | 152 | 161 |
| Borrowings | 24.90 | 9.97 | 23.91 | 29.89 | 41.85 | 44.85 | 63.79 | 87.67 | 94.66 | 92.67 | 89.63 | 87.67 |
| Other Liabilities | 24.87 | 26.86 | 37.82 | 43.80 | 68.67 | 125 | 118 | 85.58 | 135 | 135 | 60.70 | 42.79 |
| Total Liabilities | 104 | 96.71 | 128 | 148 | 190 | 260 | 281 | 283 | 359 | 370 | 307 | 296 |
| Fixed Assets | 22.94 | 22.94 | 22.95 | 20.96 | 21.95 | 32.89 | 42.89 | 46.85 | 46.88 | 44.89 | 43.88 | 44.92 |
| CWIP | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 4.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 80.68 | 73.77 | 105 | 127 | 168 | 223 | 238 | 236 | 312 | 325 | 263 | 249 |
| Inventories | 25.92 | 22.94 | 28.90 | 50.80 | 71.71 | 101 | 103 | 97.64 | 149 | 169 | 115 | 82.70 |
| Trade receivables | 22.99 | 34.97 | 57.01 | 61.97 | 64.94 | 90.91 | 91.93 | 90.99 | 111 | 106 | 93.92 | 107 |
| Cash & equivalents | 21.99 | 5.99 | 13.99 | 9.99 | 24.01 | 11.01 | 22.98 | 6.01 | 10.99 | 4.99 | 27.98 | 33.97 |
| Total Assets | 104 | 96.71 | 128 | 148 | 190 | 260 | 281 | 283 | 359 | 370 | 307 | 296 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 8.01 | −2.99 | −5.01 | 7.01 | 10.99 | 8.01 | −12.99 | 5.01 | 10.99 | 40.01 | 23.01 |
| Cash from investing activity | −0.99 | −5.99 | −0.99 | −0.99 | −2.99 | −16.99 | −8.99 | −5.99 | −2.99 | −0.99 | −0.99 | −2.99 |
| Cash from financing activity | 6.99 | −17.97 | 10.98 | 1.99 | 5.98 | −5.99 | 9.98 | 13.97 | 2.99 | −16.96 | −15.97 | −12.97 |
| Net cash flow | 6.01 | −16.04 | 6.02 | −4.01 | 10.02 | −12.04 | 9.03 | −5.01 | 5.01 | −7.01 | 23.06 | 6.02 |
| Capex | 4.05 | 2.67 | 2.75 | 0.89 | 3.56 | 17.58 | 9.72 | 7.10 | 3.89 | 2.45 | 2.69 | 7.06 |
| Free cash flow | −3.99 | 4.99 | −6.01 | −5.99 | 3.01 | −6.01 | −0.99 | −19.99 | 0.99 | 8.99 | 36.98 | 15.99 |
| CFO / OP % | 21.9% | 79.9% | 6.9% | −6.1% | 61.9% | 63.9% | 46.9% | −29.1% | 29.9% | 45.9% | 135.9% | 100.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 74 | 101 | 152 | 144 | 157 | 141 | 131 | 110 | 144 | 105 | 88 | 154 |
| Inventory days | 154 | 117 | 150 | 224 | 309 | 260 | 258 | 189 | 314 | 253 | 165 | 201 |
| Days payable | 80 | 62 | 100 | 138 | 123 | 164 | 147 | 77 | 160 | 110 | 36 | 38 |
| Cash conversion cycle | 147 | 156 | 201 | 229 | 342 | 235 | 241 | 220 | 297 | 247 | 217 | 316 |
| Working capital days | 35 | 88 | 104 | 122 | 107 | 86 | 70 | 87 | 102 | 102 | 93 | 114 |
| ROCE % | 17.0% | 17.1% | 19.1% | 18.1% | 14.0% | 17.1% | 16.1% | 14.1% | 13.0% | 14.1% | 14.0% | 10.0% |
For the Mar 2026 quarter, Patels Airtemp (India) reported sales of ₹89.79 Cr, down 13.9% year on year and net profit of ₹4.16 Cr, down 7.6% year on year. The operating margin was 8.0%.
Patels Airtemp (India)'s sales for the year to Mar 2026 were ₹254 Cr; over the last twelve months they were ₹254 Cr.
Net profit for the year to Mar 2026 was ₹10.03 Cr, and ₹10.31 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.80.
Patels Airtemp (India) reported borrowings of ₹87.67 Cr at Mar 2026, against cash and equivalents of ₹33.97 Cr.
Cash from operations was ₹23.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹15.99 Cr.