Stock Price Movement and Market Context
On 24 Nov 2025, Patels Airtemp (India) recorded an intraday high of Rs.235.45, representing a 3.24% movement from its opening price. However, the stock closed lower, underperforming its sector by 0.6% and settling at Rs.224.05, the lowest level in the past year. This price is substantially below the stock’s 52-week high of Rs.693.90, indicating a decline of approximately 67.7% from that peak.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. This contrasts with the broader market, where the Sensex opened at 85,320.04 and, despite a slight dip, remains close to its 52-week high of 85,801.70. The Sensex has gained 2.46% over the past three weeks and is trading above its 50-day and 200-day moving averages, supported by strong performances from mega-cap stocks.
Financial Performance Over the Past Year
Patels Airtemp’s one-year stock return stands at -65.75%, a stark contrast to the Sensex’s 7.79% gain over the same period. This underperformance is mirrored in the company’s financial results. Over the last five years, net sales have shown a modest compound annual growth rate of 4.87%, while operating profit has grown at a slower rate of 2.99%. These figures suggest limited expansion in revenue and profitability over the medium term.
More recent quarterly results have reflected a sharper decline. The operating profit for the latest quarter fell by 43.35%, contributing to a negative earnings trend over two consecutive quarters. Profit after tax (PAT) for the quarter was reported at Rs.0.66 crore, down by 79.0% compared to the previous period. The return on capital employed (ROCE) for the half-year stood at 10.44%, one of the lowest levels recorded, while the operating profit to interest coverage ratio for the quarter was 1.60 times, indicating tighter financial cushioning against interest obligations.
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Long-Term and Sector Comparison
When compared with the broader BSE500 index, Patels Airtemp has underperformed over multiple time frames, including the last three years, one year, and three months. This persistent lag highlights challenges in maintaining competitive growth and profitability within the industrial manufacturing sector.
Despite these challenges, the company’s valuation metrics present a contrasting picture. The ROCE of 12.5% is considered attractive relative to peers, and the enterprise value to capital employed ratio stands at 0.9, suggesting the stock is trading at a discount compared to historical averages within the sector. This valuation gap reflects market caution amid the company’s recent financial results and stock price trajectory.
Shareholding and Market Position
Patels Airtemp’s majority shareholders are non-institutional investors, which may influence trading patterns and liquidity. The company operates within the industrial manufacturing sector, a space that has seen mixed performance depending on broader economic cycles and sector-specific demand.
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Summary of Key Financial Indicators
Patels Airtemp’s recent financial disclosures reveal a company facing headwinds in both revenue growth and profitability. The operating profit contraction of over 40% in the latest quarter and the significant drop in PAT highlight near-term pressures. The low interest coverage ratio further emphasises the constrained financial flexibility.
While the stock’s valuation metrics suggest it is trading at a discount relative to its capital employed, the sustained decline in share price to Rs.224.05, its lowest in 52 weeks, reflects market concerns over the company’s ability to reverse its earnings trajectory in the near term.
In contrast, the broader market environment remains relatively buoyant, with the Sensex maintaining levels close to its yearly highs and supported by strong performances from large-cap stocks. This divergence underscores the challenges faced by Patels Airtemp within its sector and the wider industrial manufacturing landscape.
Conclusion
The fall of Patels Airtemp (India) to its 52-week low of Rs.224.05 marks a significant milestone in the stock’s recent performance history. The decline is underpinned by subdued financial results, including a sharp fall in operating profit and PAT, alongside valuation metrics that reflect cautious market sentiment. While the broader market continues to show strength, Patels Airtemp’s stock price and financial indicators illustrate the difficulties the company is currently navigating within the industrial manufacturing sector.
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