Raghav Wadhwa
Raghav Wadhwa

@raghavwadhwa

15 Tweets 5 reads Sep 07, 2024
📠Patels Airtemp (India) Ltd: Leading Manufacturer of Heat Exchangers and Turnkey HVAC Project Solutions.
📠A proxy play to Thermal and Nuclear power.
Detailed Company Analysis🧵👇
✍️About the Company:
Patels Airtemp (India) Ltd is involved in the design and fabrication of process equipment and engineering products. The company manufactures capital goods equipment and undertakes turnkey projects in heating, ventilation, and air conditioning (HVAC).
🔹Co. was the third organisation in India to get N-Stamp authorisation to serve Nuclear Power Industry.
🔹India has installed Nuclear Power Capacity of 7480 MW which is to increase to 22480 MW by 2031 which is the biggest advantage for the company along with its Diverse Client Base. PFA.
✍️Products and Services:
🔹Co. manufactures various types of heat exchangers, air heaters, condensers, pressure vessels, and fin tubes.
🔹It also produces condensers, chillers, cooling coils, air handling units, and coolers for compressors.
✍️Company Promoters:
Founder & Visionary (Shri Narayanbhai Gangaram Patel)
🔹He was an exceptional leader and entrepreneur, with his achievements serving as a testament to his dedication and hard work.
✍️Industries Served:
Co. serves a wide range of industries, including Oil & Gas, Petrochemicals, Thermal and Nuclear Power, Chemicals, Fertilizers, Pharmaceuticals, Textiles, Cement, and Compressor OEMs.
✍️Strong Clientele:
Co. key clients include industry leaders like IOCL, BPCL, ONGC, Reliance Industries, Siemens, and Kirloskar, showcasing its strong reputation across multiple sectors.
✍️Key Metrics:
🔹M Cap: ₹386 Cr
🔹CMP: ₹705
🔹P/E: 26.1
🔹ROCE: 14.4%
🔹OPM: 9.45%
🔹3 Years Sales Growth: 13.2%
✍️Greenfield Project:
Co. set up a Greenfield project in Dudhai, Gujarat, to manufacture Air Cooled Heat Exchangers, Air Fin Coolers, and engineering products, with a ₹24 crore investment.
✍️Order Book:
Co. has a current order book valued at ₹490 crore.
✍️Financial Facts and Figures:
Co. with its diverse product range, serves industries such as oil & gas, petrochemicals, thermal and nuclear power, chemicals, and fertilizers.
✍️Future Prospects:
Co. focused on custom machine manufacturing, holds confirmed orders of ₹312 crore as of August 1, 2024. The Directors are optimistic about sustained growth while prioritizing quality and profitability.
✍️Growth Areas:
Co. holds ISO certifications and ASME stamps, with advanced software tools like ANSYS and CREO, positioning it for improved product quality and future growth.
⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only.

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