Stock Price Movement and Market Context
On 21 Nov 2025, Patels Airtemp (India) touched an intraday high of Rs.232.4, representing a 2.56% rise during the session. However, the stock ultimately settled at Rs.225, its lowest level in the past year. This price point is notably below the stock’s 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Over the last seven trading days, the stock has recorded a cumulative return of -8.14%, underlining the sustained pressure on its share price.
In comparison, the broader market has shown relative resilience. The Sensex opened lower at 85,347.40, down by 285.28 points or 0.33%, but later traded near 85,548.72, a decline of 0.1%. The index remains close to its 52-week high of 85,801.70, supported by bullish moving averages with the 50-day moving average positioned above the 200-day moving average. This divergence highlights the underperformance of Patels Airtemp (India) relative to the overall market.
Long-Term and Recent Financial Performance
Patels Airtemp (India) has experienced a challenging financial trajectory over the past several years. The company’s net sales have shown a modest compound annual growth rate of 4.87% over the last five years, while operating profit has grown at a slower rate of 2.99% annually. These figures suggest subdued expansion within its industrial manufacturing operations.
More recently, the company reported a sharp decline in operating profit by 43.35% in the quarter ending September 2025, which contributed to a notably negative earnings announcement. The net profit after tax (PAT) for the quarter stood at Rs.0.66 crore, reflecting a fall of 79.0% compared to the previous period. This marks the second consecutive quarter of negative results, underscoring near-term financial pressures.
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Profitability and Efficiency Metrics
The company’s return on capital employed (ROCE) for the half-year period is recorded at 10.44%, which is among the lowest levels observed recently. Additionally, the operating profit to interest coverage ratio for the quarter stands at 1.60 times, indicating limited buffer to cover interest expenses from operating earnings. These metrics reflect constrained profitability and operational efficiency challenges.
Over the past year, Patels Airtemp (India) has generated a total return of -65.39%, a stark contrast to the Sensex’s 10.86% gain over the same period. The stock’s 52-week high was Rs.693.9, highlighting the extent of the decline from its peak. Furthermore, the company’s performance has lagged behind the BSE500 index across multiple time frames, including the last three years, one year, and three months.
Valuation and Shareholding Structure
Despite the subdued financial performance, the company’s valuation metrics present some points of interest. The return on capital employed (ROCE) is noted at 12.5%, and the enterprise value to capital employed ratio is 0.9, which is considered attractive relative to peers. The stock is trading at a discount compared to the average historical valuations of its sector counterparts.
Majority shareholding in Patels Airtemp (India) is held by non-institutional investors, which may influence trading dynamics and liquidity considerations.
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Summary of Recent Trends
Patels Airtemp (India) has been on a downward trajectory for the past year, with its stock price falling by more than 65%. The company’s recent quarterly results have shown a significant contraction in profitability, with operating profit and net earnings both reflecting negative trends. The stock’s trading below all key moving averages further emphasises the prevailing bearish sentiment.
While the broader market indices have maintained strength and remain near record highs, Patels Airtemp (India) continues to face headwinds in both its financial performance and market valuation. The company’s subdued growth rates and recent earnings declines have contributed to the stock’s current position at a 52-week low of Rs.225.
Market and Sector Overview
The industrial manufacturing sector, to which Patels Airtemp (India) belongs, has experienced mixed performance in recent periods. While some peers have maintained stable growth and valuations, others have encountered challenges similar to those faced by Patels Airtemp. The company’s valuation discount relative to peers suggests a cautious market stance towards its near-term prospects.
Investors and market participants will likely continue to monitor the company’s financial disclosures and sector developments closely as the stock remains at a critical price level.
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