Atmastco Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: ATMASTCO | Engineering - Industrial Equipments | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Atmastco

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Atmastco stock performance -

mw4me loader
P/E Ratio (SA):
33.76
Market Cap:
564 Cr.
52-wk low:
0
52-wk high:
0

Is Atmastco Ltd an attractive stock to invest in?

1. Is Atmastco Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Atmastco Ltd is a average quality company.

2. Is Atmastco Ltd undervalued or overvalued?

The key valuation ratios of Atmastco Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Atmastco Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Atmastco Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Atmastco:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Atmastco Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 18.6%13.9%16.3%16.8%13.6%9.2%13.3%25.5%23.3%-
Value Creation
Index
0.30.00.20.20.0-0.3-0.10.80.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 73.162.910699.911569.493.6242224224
Sales YoY Gr.--13.9%69%-6.1%15.5%-39.9%34.9%158.5%-7.4%-
Adj EPS 1.30.82.12.31.70.31.76.66.86.8
YoY Gr.--39.4%160%10.6%-28.3%-80.6%421.9%297.6%1.7%-
BVPS (₹) 13.113.91618.42020.32228.743.843.8
Adj Net
Profit
2.51.544.43.20.63.212.816.717
Cash Flow from Ops. 6.3-66.99.810.81.19.420.9-19.5-
Debt/CF from Ops. 4.3-6.46.15.14.251.55.53.4-3.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA17.5%47.8%-7.4%
Adj EPS NA24%176.3%1.7%
BVPSNA19%29.2%52.7%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
10.15.913.913.48.61.67.926.220.415.4
Op. Profit
Mgn %
14.89.310.113.210.913.61512.917.4NAN
Net Profit
Mgn %
3.52.43.84.42.80.93.45.37.57.5
Debt to
Equity
1.11.41.41.41.21.41.21.30.7-
Working Cap
Days
03082312512233732961652770
Cash Conv.
Cycle
0147136130112248203801260

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 47.79%

Net Profit is growing at healthy rate in last 3 years 176.30%

Debt to equity has declined versus last 3 years average to 0.65

Return on Equity has declined versus last 3 years average to 15.40%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Atmastco Ltd.

Standalone Consolidated
TTM EPS (₹) 6.8 6.6
TTM Sales (₹ Cr.) 224 224
BVPS (₹.) 43.8 43.3
Reserves (₹ Cr.) 84 83
P/BV 5.21 5.27
PE 33.76 34.50
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 564
Equity (₹ Cr.) 24.7
Face Value (₹) 10
Industry PE 59.3

Management X-Ray of Atmastco:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Atmastco

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales73631061001156994242224
Operating Expenses 625796871036080211185
Manufacturing Costs433161710115057
Material Costs4236725570395612894
Employee Cost 64777671414
Other Costs 11131398551921
Operating Profit 1161113139143139
Operating Profit Margin (%) 14.8%9.3%10.0%13.2%10.9%13.6%14.9%12.9%17.4%
Other Income 142211111
Interest 66577781013
Depreciation 222222344
Exceptional Items 000000000
Profit Before Tax 42664151823
Tax 112210156
Profit After Tax 32443131317
PAT Margin (%) 3.5%2.4%3.8%4.4%2.8%0.9%3.5%5.3%7.5%
Adjusted EPS (₹)1.30.82.12.31.70.31.76.66.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2527313539394255108
Share Capital 111151515151525
Reserves 252630212424284084
Minority Interest000000000
Debt253741474352496768
Long Term Debt3238711192725
Short Term Debt223538393741314043
Trade Payables181621292519186047
Others Liabilities 8813161810235468
Total Liabilities 7788107127125120133236291

Fixed Assets

Gross Block272832394348485355
Accumulated Depreciation7911131518202428
Net Fixed Assets201921262830283027
CWIP 111740000
Investments 000000000
Inventories232729454948479691
Trade Receivables162641313131394384
Cash Equivalents 87912108104958
Others Assets87673381931
Total Assets 7788107127125120133236291

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6-6710111921-20
PBT 42664151823
Adjustment 8879899912
Changes in Working Capital -4-15-5-4-2-8-5-7-58
Tax Paid -1-1-1-200003
Cash Flow From Investing Activity -30-5-12-1-11-50
Capex -30-5-12-1-10-5-1
Net Investments 000000000
Others 000001111
Cash Flow From Financing Activity -16-15-11-3-72229
Net Proceeds from Shares 0000000032
Net Proceeds from Borrowing 0-105-1507-3
Interest Paid -6-6-5-7-7-7-8-6-9
Dividend Paid 000000000
Others 41347-2-21218
Net Cash Flow 2013-1-333910
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.075.8813.8613.388.611.737.9326.220.43
ROCE (%)18.6113.916.2716.8413.589.213.3325.523.32
Asset Turnover Ratio10.781.10.991.080.720.861.510.91
PAT to CFO Conversion(x)2-31.752.53.67131.62-1.18
Working Capital Days
Receivable Days78121113114841621185497
Inventory Days1121459611712617416094143
Payable Days15617094165139188121111209

Atmastco Ltd Stock News

Atmastco Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Atmastco on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Atmastco stood at ₹564.0.
The latest P/E ratio of Atmastco as of 01-Jan-1970 05:30 is 33.76.
The latest P/B ratio of Atmastco as of 01-Jan-1970 05:30 is 5.21.
The 52-week high of Atmastco is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Atmastco is ₹224.0 ( Cr.) .

About Atmastco Ltd

Atmastco Limited was originally incorporated in the name & style of ‘Atmastco Private Limited’ at Bhilai, Chhattisgarh (then Madhya Pradesh) as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 7, 1994 issued by the Registrar of Companies, Madhya Pradesh and Gwalior. On December 02, 1994, the Company acquired the ongoing business of a partnership firm i.e., M/s. Atmastco having principal place of business at Bhilai, Madhya Pradesh (currently in Chhattisgarh) which commenced its business operations in 1988 and where one of its promoters Subramaniam Swaminathan Iyer was partner. Subsequently, the company was converted into a Public Limited Company pursuant to special resolution passed by the shareholders of the company at Extra- ordinary General Meeting held on March 22, 2016 and consequently the name of the Company was changed from ‘Atmastco Private Limited’ to ‘Atmastco Limited’ vide a fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited Company dated May 10, 2016 was issued by the Registrar of Companies, Chhattisgarh.

The company is engaged in the business of executing turnkey/Engineering Procurement and Construction Company (EPC) contracts in ferrous and non-ferrous sector and providing end-to-end solutions offering multi-disciplinary services and project management solutions. The company has forayed into the business of providing EPC services in ferrous and nonferrous sector in the year 2020. It has acquired business in verticals like Metal (ferrous & nonferrous), Oil & Gas, Air Pollution Control, Lime & associated processing in last three years. The company is engaged in the business of design, manufacturing and supply of precision equipments and heavy fabrication structures for various industrial use. It undertakes designing, Engineering, Fabrication and Erection work for its clients as per their specifications and customizations. 

The company is also into manufactured products i.e. design, manufacturing and supply of precision equipments and heavy fabrication structures for various industrial use and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns etc. which are used in Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants. Pre-Engineered Building etc. It has more than two decades of experience in executing projects involving manufacturing and fabrication work of heavy structures.

Business area of the company

The company is engaged in the business of executing Turnkey / Engineering, Procurement, and Construction (EPC) contracts in ferrous and nonferrous sector and provides end-to-end solutions offering multi-disciplinary services and project management solutions.

History and milestones 

  • 1994: Incorporation of the Company in the name and style of ‘Atmastco Private Limited’.
  • 1994: Acquisition of partnership firm M/s Atmastco, where one of its promoters Mr Subramaniam Swaminathan Iyer was partner.
  • 2006: Awarded the ‘Certificate of Excellence’ in Vendor meet 2006 for their meritorious performance by NEG Micon (India) Pvt Ltd.
  • 2012: Started manufacturing Heavy Structures for Super Critical Boilers for Bharat Heavy Electricals Ltd. and L&T.
  • 2016: Conversion into Public Limited Company as ‘Atmastco Limited’. Received certificate of Achievement for outstanding contribution of Team work in EHS (Environment Health and Safety) from L & T Construction.
  • 2019: Awarded ‘ZED’ (Zero Defect Zero Effect) Certificate by Ministry of Micro, Small & Medium Enterprises and Quality Council of India.
  • 2020: Entered into licensing agreement for transfer of technology with Defence Materials and Stores Research and Development Establishment (DMSRDE), Kanpur and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture bullet -proof jackets & helmets specially for military application.
  • 2020: Entered into licensing agreement for transfer of technology with Defence Institute for Physiology & Allied Sciences (DIPAS), Delhi and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture full body protector for female troops.
  • 2020: Grant of Industrial License to set up industrial undertaking to manufacture protective safety equipments - Bullet Proof Jackets & Helmets specially designed for military applications by the Industrial Licensing Section of the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Government of India.
  • 2020: Incorporated a wholly owned Subsidiary ‘Atmastco Defence Systems Private Limited’ with an objective to carry on the business of manufacture of bullet proof jackets & helmets especially for military application and full body protector for female troops and related activities.
  • 2020: Endorsement of licensing agreement for transfer of technology with Defence Materials and Stores Research and Development Establishment (DMSRDE), Kanpur and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture bullet -proof jackets & helmets specially for military application from Atmastco Limited to Atmastco Defence Systems Private Limited.
  • 2020: Endorsement of licensing agreement for transfer of technology with Defence Institute for Physiology & Allied Sciences (DIPAS), Delhi and Defence Research & Development Organization (DRDO), Ministry of Defence, Government of India to manufacture full body protector for female troops from Atmastco Limited to Atmastco Defence Systems Private Limited.
  • 2021: Ventured into business of providing EPC services in Ferrous and Non-Ferrous domain
  • 2022: Transfer of Industrial License to set up industrial undertaking to manufacture protective safety equipments – Bullet Proof Jackets & Helmets specially designed for military applications by the Industrial Licensing Section of the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Government of India from Atmastco Limited to Atmastco Defence Systems Private Limited.

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