Patels Airtemp Reports Lowest Q2 Sales in Recent Quarters Amid Market Adjustments

Patels Airtemp (India) has recently undergone an adjustment in evaluation, reflecting the company's current market dynamics and financial metrics. The engineering sector microcap has reported net sales of Rs 81.87 crore for the second quarter of FY24-25, which is noted as the lowest figure in recent quarters. Additionally, the operating profit has been recorded at Rs 7.73 crore, indicating a shift in the company's financial landscape.
Over the past five years, Patels Airtemp has shown modest growth, with net sales increasing at an annual rate of 16.66% and operating profit growing at 12.88%. Despite a notable 23.62% rise in interest over the last nine months, the stock is currently positioned within a mildly bearish range, as suggested by technical indicators such as RSI and MACD.

The company's return on capital employed (ROCE) is reported at 12.5, which points to a favorable valuation, complemented by an enterprise value to capital employed ratio of 1.8. While the stock has generated a return of 37.87% over the past year, profits have seen an increase of 29%. The shareholder composition indicates a predominance of non-institutional investors.

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