Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹302 Cr.
Stock P/E
15.7
P/B
2
Current Price
₹115.5
Book Value
₹ 57.2
Face Value
10
52W High
₹229.9
52W Low
₹ 98
Dividend Yield
0%

Atmastco Overview

Business

Atmastco Ltd. is an Indian engineering company primarily engaged in the manufacturing, fabrication, and erection of industrial equipment and structures. Its core business model revolves around undertaking engineering, procurement, and construction (EPC) contracts or providing specialized fabrication services for a range of industrial applications. This includes structural steel fabrication, manufacturing of process equipment, and execution of civil construction projects, often serving sectors like power, steel, cement, and infrastructure. The company makes money by executing these project-based contracts, billing clients based on project milestones, materials supplied, and services rendered.

Revenue Mix

Specific detailed revenue breakdown into distinct segments is not readily available in public domain information. However, based on its sector, Atmastco Ltd.'s revenue mix likely comprises:

Fabrication & Manufacturing: Revenue from manufacturing and supplying various industrial equipment, components, and structural steel.

Erection & Installation: Income derived from the on-site assembly, installation, and commissioning of structures and equipment.

EPC/Project Management: Revenue from comprehensive project execution, encompassing design, procurement, and construction activities.

Industry

Atmastco Ltd. operates within the Engineering - Industrial Equipments sector in India, which is a diverse and often fragmented market. The industry is characterized by project-based work, cyclical demand tied to industrial capital expenditure, and intense competition from both large diversified players and numerous regional/specialized firms. The company likely positions itself by leveraging its manufacturing capabilities, project execution track record, and potentially specialized certifications or client relationships to secure contracts. Its standing relative to peers would depend on its scale, technological prowess, project complexity handling capacity, and pricing competitiveness.

MOAT

Atmastco Ltd. operates in a segment where durable competitive advantages are often built on:

Execution Track Record & Reputation: A history of successful project delivery, adherence to quality standards, and timely completion can build trust and repeat business from clients.

Specialized Capabilities/Certifications: Niche fabrication expertise or specific industry certifications can differentiate the company in a competitive market.

Operational Efficiency: Cost-effective manufacturing processes and efficient project management can provide a pricing advantage.

Client Relationships: Long-standing relationships with industrial clients can provide a steady pipeline of work.

However, in general, the industrial fabrication and erection segment can be susceptible to commoditization, making it challenging to establish strong, lasting moats based purely on product or service.

Growth Drivers

Key factors that can drive Atmastco Ltd.'s growth over the next 3-5 years include:

Infrastructure Development: Government focus on infrastructure spending (roads, railways, ports) and industrial corridors in India.

Manufacturing Sector Growth: Revival and expansion of key manufacturing sectors like steel, cement, power, and automotive, leading to increased capital expenditure.

"Make in India" Initiative: Government push to boost domestic manufacturing, potentially increasing demand for locally produced industrial equipment and services.

Diversification & New Geographies: Expansion into new industrial sectors or geographical regions within India to broaden its client base.

Technological Upgrades: Investment in advanced manufacturing techniques and automation to enhance efficiency and take on more complex projects.

Risks

Project Execution Risks: Delays, cost overruns, and quality issues on large projects can significantly impact profitability and reputation.

Economic Cyclicality: The demand for industrial equipment and services is highly sensitive to economic cycles and industrial capital expenditure, leading to volatile revenue streams.

Raw Material Price Volatility: Fluctuations in steel and other commodity prices can affect project costs and margins, especially for fixed-price contracts.

Intense Competition: The presence of numerous players can lead to pricing pressure and reduced margins.

Working Capital Management: Large-scale projects often require significant upfront investment in materials and labor, demanding efficient working capital management.

Regulatory & Environmental Compliance: Adherence to evolving industry regulations, safety standards, and environmental norms can add to operational costs and complexity.

Management & Ownership

Atmastco Ltd. is likely a promoter-driven company, typical for many Indian SMEs entering the public markets. The promoter group, comprising founders and their families, generally holds a significant stake and plays a key role in the strategic direction and daily operations of the company. Detailed information regarding specific management experience, board composition, and corporate governance practices would be available in its public filings. The ownership structure would show the distribution between promoter holdings, institutional investors (if any), and public shareholders.

Outlook

Atmastco Ltd. operates in a sector with significant long-term growth potential, driven by India's ongoing industrialization and infrastructure development. The "Make in India" initiative and domestic capital expenditure push provide a favorable backdrop for companies in industrial equipment and fabrication. However, the company faces inherent risks associated with project execution, intense competition, and sensitivity to economic cycles. Its future performance will largely depend on its ability to effectively manage project complexities, maintain cost efficiency, secure a consistent pipeline of profitable contracts, and potentially expand into higher-value or specialized offerings while navigating raw material price volatility.

Atmastco Share Price

Live · NSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Atmastco Quarterly Results

#(Fig in Cr.) Jun 2025 Jun 2026
Net Sales 52 43
Other Income 0 0
Total Income 52 43
Total Expenditure 48 35
Operating Profit 4 7
Interest 2 4
Depreciation 1 1
Exceptional Income / Expenses 0 0
Profit Before Tax 1 2
Provision for Tax 0 1
Profit After Tax 1 1
Adjustments 0 -0
Profit After Adjustments 1 1
Adjusted Earnings Per Share 0.4 0.5

Atmastco Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 110 69 94 242 224 290 95
Other Income 3 1 1 1 1 1 0
Total Income 113 70 95 243 225 290 95
Total Expenditure 100 60 80 211 185 246 83
Operating Profit 13 10 15 32 40 45 11
Interest 5 7 8 10 13 13 6
Depreciation 2 2 3 4 4 4 2
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 6 1 5 18 23 27 3
Provision for Tax 2 0 1 5 6 8 1
Profit After Tax 4 1 3 13 16 19 2
Adjustments -0 0 0 0 0 0 0
Profit After Adjustments 4 1 3 13 16 19 2
Adjusted Earnings Per Share 2.1 0.3 1.7 6.6 6.6 7.8 0.9

Atmastco Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 31 39 42 55 108 127
Minority's Interest 1 0 0 0 0 0
Borrowings 3 11 19 27 25 26
Other Non-Current Liabilities 5 6 6 28 36 68
Total Current Liabilities 70 64 66 127 123 201
Total Liabilities 109 120 133 236 291 422
Fixed Assets 22 30 28 30 27 25
Other Non-Current Assets 2 2 1 2 2 4
Total Current Assets 85 88 103 204 261 393
Total Assets 109 120 133 236 291 422

Atmastco Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 8 10 8 10 49 58
Cash Flow from Operating Activities 7 2 3 20 -20 -33
Cash Flow from Investing Activities -5 -1 1 -5 0 -2
Cash Flow from Financing Activities -1 -4 -1 23 29 25
Net Cash Inflow / Outflow 1 -3 3 39 10 -9
Closing Cash & Cash Equivalent 9 8 10 49 58 49

Atmastco Ratios

# Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.07 0.31 1.68 6.63 6.61 7.8
CEPS(Rs) 3.17 1.52 3.02 8.62 8.41 9.3
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 16.01 20.25 21.73 28.21 43.29 51.16
Core EBITDA Margin(%) 9.26 11.64 12.83 11.17 16.13 13.52
EBIT Margin(%) 10.5 9.42 11.43 10.1 14.72 12.59
Pre Tax Margin(%) 5.77 1.24 4.24 6.55 9.5 8.46
PAT Margin (%) 3.83 0.75 2.96 4.59 6.82 5.94
Cash Profit Margin (%) 5.53 3.6 5.34 5.97 8.68 7.08
ROA(%) 3.89 0.53 2.55 6.93 6.2 5.41
ROE(%) 13.72 1.73 7.99 26.57 20.25 16.51
ROCE(%) 15.84 9.19 13.37 25.66 23.25 21.62
Receivable days 138.63 164.51 118.05 53.94 96.78 139.12
Inventory Days 96.19 174.21 160.23 94.18 142.63 128.32
Payable days 110.65 192.44 120.81 110.97 209.43 175.73
PER(x) 0 0 0 0 21.53 23.34
Price/Book(x) 0 0 0 0 3.29 3.56
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.31 0.88 0.6 0.15 1.63 1.64
EV/Core EBITDA(x) 2.55 6.16 3.73 1.17 9.17 10.64
Net Sales Growth(%) 0 -36.78 34.92 158.46 -7.42 29.27
EBIT Growth(%) 0 -34.02 63.12 125.35 25.58 15.92
PAT Growth(%) 0 -85.71 434.27 295.51 27.95 17.98
EPS Growth(%) 0 -84.87 434.24 295.52 -0.4 17.98
Debt/Equity(x) 1.37 1.39 1.23 1.31 0.66 0.58
Current Ratio(x) 1.22 1.38 1.56 1.61 2.13 1.95
Quick Ratio(x) 0.8 0.63 0.84 0.85 1.38 1.27
Interest Cover(x) 2.22 1.15 1.59 2.84 2.82 3.04
Total Debt/Mcap(x) 0 0 0 0 0.2 0.16

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +29% +46% +21% —
Operating Profit CAGR +13% +44% +28% —
PAT CAGR +19% +85% +37% —
Share Price CAGR -43% — — —
ROE Average +17% +21% +15% +14%
ROCE Average +22% +24% +19% +18%

Atmastco Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 66.14 %
FII 0.24 %
DII (MF + Insurance) 0.02 %
Public (retail) 33.61 %
# Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026 Jun 2026
Promoter 68.4368.4366.1566.1566.1466.14
FII 0.030.010000.24
DII 00.010.430.070.010.02
Public 31.5331.5533.4233.7933.8533.61
Others 000000
Total 100100100100100100

Atmastco Peer Comparison

Engineering - Industrial Equipments Edit Columns

Atmastco Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Atmastco Pros & Cons

Pros

  • Company has delivered good profit growth of 36% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Debtor days have improved from 209.43 to 175.73days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
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