Patels Airtemp (India) Falls to 52-Week Low of Rs.231.6 Amidst Continued Downtrend

On the trading day when the 52-week low was recorded, Patels Airtemp (India) experienced a day’s low of Rs.231.6, representing a decline of 2.71% intraday and a day change of -1.70%. This marks the fourth consecutive day of losses, with the stock falling by 5.55% over this period. The stock’s current price is notably below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum.

In comparison, the Sensex opened positively with a gain of 91.42 points but later retreated by 416.50 points, closing at 84,625.87, down 0.38%. The Sensex remains close to its 52-week high of 85,290.06, trading just 0.78% below this peak. Furthermore, the Sensex is positioned above its 50-day moving average, which itself is above the 200-day moving average, indicating a generally bullish trend in the broader market. This divergence highlights the relative underperformance of Patels Airtemp (India) within the industrial manufacturing sector.

Over the past year, Patels Airtemp (India) has generated a return of -63.98%, a stark contrast to the Sensex’s 9.42% gain over the same period. The stock’s 52-week high was Rs.693.9, underscoring the extent of the decline. This underperformance extends beyond the last year, with the stock also lagging behind the BSE500 index over the last three years, one year, and three months.

Financially, the company’s long-term growth metrics reveal subdued expansion. Net sales have grown at an annual rate of 4.87% over the last five years, while operating profit has shown a growth rate of 2.99% during the same period. However, recent quarterly results have reflected a downturn, with operating profit falling by 43.35% in the September 2025 quarter. This contributed to the company declaring negative results for two consecutive quarters.

Profit after tax (PAT) for the quarter stood at Rs.0.66 crore, representing a decline of 79.0%. The return on capital employed (ROCE) for the half-year period was recorded at 10.44%, one of the lowest levels observed. Additionally, the operating profit to interest coverage ratio for the quarter was at 1.60 times, indicating limited buffer for interest obligations.

These financial indicators point to challenges in both near-term and long-term performance. The stock’s Mojo Score currently stands at 29.0, with a Mojo Grade classified as Strong Sell as of 13 October 2025, following a revision from a previous Sell grade. The trigger for the recent evaluation adjustment was the 52-week low reached on 18 November 2025.

Despite the subdued financial performance, Patels Airtemp (India) exhibits certain valuation characteristics that may be considered attractive. The company’s ROCE is noted 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 industrial manufacturing sector.

Profitability trends over the past year show a decline of 28.2%, aligning with the broader negative returns observed in the stock price. The majority shareholding is held by non-institutional investors, which may influence trading dynamics and liquidity considerations.

In summary, Patels Airtemp (India) has experienced a significant decline to its 52-week low of Rs.231.6, reflecting a combination of recent quarterly results, long-term growth patterns, and market sentiment. The stock’s performance contrasts with the broader market indices, which have maintained a more positive trajectory. Investors analysing this stock will note the subdued financial metrics alongside valuation factors that differentiate it from peers.

Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →