Recent Price Movement and Market Context
On 25 Nov 2025, Patels Airtemp (India) recorded its lowest price in the past year at Rs.208.75. This new low comes after two consecutive days of declines, during which the stock’s returns contracted by 7.13%. Despite an intraday high of Rs.217.65, representing a 2.26% rise from the previous close, the stock ultimately settled near its lowest level in 52 weeks.
The stock’s day change registered a fall of 0.87%, aligning with the broader industrial manufacturing sector’s performance on the same day. Notably, Patels Airtemp is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum over multiple time horizons.
Comparison with Broader Market Indices
While Patels Airtemp has experienced a marked decline, the broader market environment presents a contrasting picture. The Sensex opened 108.22 points higher and was trading at 85,009.75, a 0.13% gain on the day. The index remains within 0.93% of its 52-week high of 85,801.70, supported by bullish moving averages where the 50-day moving average is positioned above the 200-day moving average. Mid-cap stocks are leading the market, with the BSE Mid Cap index gaining 0.16% on the day.
Long-Term Performance and Financial Indicators
Patels Airtemp’s one-year performance shows a decline of 67.82%, a stark contrast to the Sensex’s 6.08% gain over the same period. The stock’s 52-week high was Rs.693.90, underscoring the extent of the recent price contraction. Over the last five years, the company’s net sales have grown at an annual rate of 4.87%, while operating profit has expanded at a more modest 2.99% annually.
Recent quarterly results have reflected challenges, 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, down 79.0%. Return on capital employed (ROCE) for the half-year period stands at 10.44%, one of the lowest levels recorded. Additionally, the operating profit to interest coverage ratio for the quarter is at 1.60 times, indicating limited buffer to meet interest obligations.
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Valuation and Peer Comparison
Despite the recent price decline, Patels Airtemp’s valuation metrics present some points of interest. The company’s ROCE of 12.5% is considered attractive relative to its enterprise value to capital employed ratio of 0.9. This suggests that the stock is trading at a discount compared to the average historical valuations of its peers within the industrial manufacturing sector.
However, the company’s profits have contracted by 28.2% over the past year, reflecting pressures on earnings alongside the stock’s price movement. The majority of the company’s shares are held by non-institutional investors, which may influence trading dynamics and liquidity.
Historical Underperformance and Sector Context
Patels Airtemp has underperformed the BSE500 index over the last three years, one year, and three months, indicating a sustained period of relative weakness. The stock’s long-term growth rates for sales and operating profit have been modest, and recent quarterly results have shown a further decline in profitability.
In contrast, the industrial manufacturing sector as a whole has maintained steadier performance, with mid-cap stocks leading gains in the current market cycle. The Sensex’s proximity to its 52-week high and positive technical indicators highlight a divergence between Patels Airtemp’s trajectory and broader market trends.
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Summary of Key Financial Metrics
To summarise, Patels Airtemp’s recent stock price of Rs.208.75 marks a 52-week low, reflecting a challenging period for the company. The stock’s decline over the past year contrasts with the broader market’s positive performance. Financial indicators reveal subdued growth in sales and operating profit over the long term, alongside recent quarterly declines in profitability and returns on capital.
The company’s valuation metrics indicate a discount relative to peers, but earnings contraction and underperformance relative to market indices remain notable. The stock’s position below all major moving averages further emphasises the current downward trend in price action.
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