Patels Airtemp (India) Falls to 52-Week Low of Rs.230 Amidst Prolonged Downtrend

On 19 Nov 2025, Patels Airtemp (India) recorded its lowest price in the past year at Rs.230, continuing a sequence of losses that have spanned five consecutive trading days. Over this period, the stock has delivered a cumulative return of -6%, underperforming its sector by approximately 0.63% on the day of the new low. This decline contrasts sharply with the broader market, where the Sensex showed modest gains, trading at 84,749.82 points, a 0.09% increase and remaining close to its 52-week high of 85,290.06.

The stock’s current trading levels are below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish momentum. This technical positioning suggests that Patels Airtemp (India) has not found support at key price levels over the short to medium term.

Patels Airtemp (India) operates within the Industrial Manufacturing sector and has experienced a challenging financial trajectory over the past year. The stock’s 1-year performance shows a decline of -65.76%, significantly lagging behind the Sensex’s 9.24% gain during the same period. The 52-week high for the stock was Rs.693.90, underscoring the extent of the recent price erosion.

Financial metrics over the last five years reveal subdued growth, with net sales increasing at an annual rate of 4.87% and operating profit at 2.99%. However, recent quarterly results have reflected a downturn, with operating profit falling by -43.35% in the September 2025 quarter. The company has reported negative results for two consecutive quarters, with profit after tax (PAT) for the quarter at Rs.0.66 crore, representing a decline of -79.0% compared to the previous period.

Return on capital employed (ROCE) for the half-year ended is at 10.44%, one of the lowest levels recorded by the company. Additionally, the operating profit to interest coverage ratio for the quarter stands at 1.60 times, indicating limited buffer to meet interest obligations from operating earnings.

These financial indicators highlight a period of subdued performance both in the near term and over the longer horizon. The stock has also underperformed the BSE500 index across multiple time frames, including the last three years, one year, and three months.

Despite the recent declines, Patels Airtemp (India) presents a valuation that some may consider attractive. The company’s ROCE stands at 12.5%, and it has an enterprise value to capital employed ratio of 0.9, which is lower than the average historical valuations of its peers. This suggests that the stock is trading at a discount relative to comparable companies within the sector.

Profitability over the past year has also contracted, with profits falling by -28.2%. The majority of the company’s shares are held by non-institutional investors, which may influence trading dynamics and liquidity.

In contrast to Patels Airtemp (India)’s performance, the broader market environment remains relatively positive. The Sensex is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, signalling a generally bullish trend for large-cap stocks. Mega-cap companies have been leading the market gains, contributing to the Sensex’s modest rise on the day Patels Airtemp (India) hit its 52-week low.

Overall, the stock’s fall to Rs.230 marks a notable low point in its recent trading history, reflecting a combination of subdued financial results and technical weakness. The divergence between Patels Airtemp (India)’s performance and the broader market’s upward momentum highlights the challenges faced by this Industrial Manufacturing company in the current market cycle.

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