look news india
Mumbai: The world has been going through geopolitical tension for the last few years. Earlier, the war between Russia and Ukraine has not subsided and clashes continue on both fronts, following Israel's call for the elimination of Hamas in Palestine, following Israel's aggression to overthrow Hezbollah in Lebanon, now Iran. Is also watching Israeli aggression as a result of last week. The fear of Iran retaliating at any time for a ballistic missile attack on Israel in support of Hezbollah has shaken the sentiment in global markets. Given the green signal given by America to Israel not to attack Iran's nuclear facilities, there will be a possibility of Israel retaliating at any time and this war will move towards the end. Iran also has the power of a nuclear bomb and as a result a nuclear war between the two countries is not possible. Also, with elections in the United States around the corner, the Biden government would not want a nuclear war in the Middle East. Sentiment is likely to remain soft in the coming weeks as Iran now fears Lebanon being torn into two and provoking further attacks. In the event of a major economic crisis on the import-export front for India, there is a danger that the calculations of economic development may be immediately overturned. On the other hand, China is trying hard to bring its economy on the track of recovery.
Nuclear war is not imminent yet: Possibility of ending war after Israeli attack on Iran
India's stock markets may have seen huge net selling of shares worth Rs 40,511 crore by foreign portfolio investors (FPIs) in the last four trading days, with the possibility of more mega packages following China's mega stimulus-relief package announcement. Is. In contrast, local funds—a steady decline in buying from local institutional investors—are not catching up enough. Investors' wealth worth Rs 17.04 lakh crore has been lost in four days. If FPI sales continue to increase, the market hold of local funds will not reduce. Here, last week it was said that the ongoing record rise of Sensex and Nafty, trapped in a battle of stubbornness, could be dangerous in the future. With falling stock prices, it is possible that if geopolitical tensions worsen, the weaker and overvalued stocks will not find buyers in the coming days and these stocks will become unable to be consumed or sold. That low volume can put investors in the risky position of only finding a lower circuit of sellers in many stocks. Therefore, it is advisable to keep the profits at home, keeping in mind that weak stocks and fundamentally overvalued i.e. extremely expensive stocks are not left at home. International crude oil prices may rise due to possibility of Iran-Israel war and volatility of rupee against dollar and domestic election results and Nifty spot may remain between 82888 and 80444 and 25444 and 24666.
BSE (517417) Listed Only, Rs 10 Payroll, Started in 1973, Operating in Engineering Sector, ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ASME U, U2, S Stamp, NB Stamp Certified, Patels Airtemp India Ltd. is a company engaged in manufacturing and selling a wide range of heat exchangers such as shell and tube type, finned tube type and air cooled heat exchangers, pressure vessels, air conditioning and refrigerator equipment in India and abroad. The company supplies its products to industrial sectors such as Power Projects, Refineries, Fertilizers, Cement, Petrochemicals, Pharmaceuticals, Textiles and Chemicals, Crampessor OEM industries. Since inception, the company has supplied more than 10,500 devices to more than 550 satisfied customers. The company has set up a new green field project at Dudhai, Kadi taluka of Gujarat with an investment of Rs 24 crore. Which is for manufacturing of Air Cooled Heat Exchanger / Air Fin Cooler and other engineering products in an area of 11016 square meters.
Products: The company's products include air cooled heat exchangers-air fin coolers, shell and tube heat exchangers, ambient air heaters for LNG regasification, air cooled conditioners, pressure vessels, separators, drums, columns, deaerators, shells and plates for air Feathers included. Gas Compressor, Tube Heat Exchanger, Inter Cooler for Compressor, After Cooler, Oil Cooler, CNG Cooler, Fin Tube- Extruded, G-Type, LL-Type, KL-Type and Crimped Fin, Air Conditioning and Refrigeration Equipment Conditioner, Chiller Cooling. – Heat coils include fan coil units and air handling units.
Major Customers: Reliance Industries, BPCL, HPCL, ONGC, Indian Oil Corporation, GAIL, CPCL, KRIBHCO, GHCL, Gujarat State Fertilizer, GNFC, Nirma, Cenovus, Nexon, Suncor, Nexlube, MEG NG, NFL, Oman Refineries and Petrochemical Company. . , Canadian Natural, Nova Chemicals, Indo Rama Alemi Petrochemicals, Chemtech Italia, TransCanada, Qatar Solar Technologies, Ecomar, Konkola Copper Mines, Numagadh Refineries, IFFCO, Athabasca Oil Sands Corp. Including. While OEMs include Siemens, Cameron, Ingersoll Rand, Buckhart Compression, Dresser-Rand, Air Liquide, Exchanger Industries, Atlas Copco, Corling, Kroll Reynolds, Air Products, GEA, Corting, Kirloskar, Linde. Apart from this, PMC/EPC/LSTK includes Bechtel, EIL, Wood, PDIL, TechnipFMC, Toyo Engineering, Fluor, L&T Hydrocarbons, Petrofac, Jacobs, Samsung Engineering, CTCI, Black & Veatch, ThyssenKrupp.
The company acquired its wholly owned foreign subsidiary Patels Airtemp (USA) Inc. on December 8, 2023. A subsidiary company which has not carried on any business and does not plan to continue any business activity in the future is allowed to be wound up voluntarily.
Order Book: The company has an order book of Rs 312 crore till August 2024.
Book Value: Rs 196 in March 2021, Rs 218 in March 2022, Rs 236 in March 2023, Rs 261 in March 2024, Rs 303 expected in March 2025
Dividend: 25% in March 2020, 25% in March 2021, 28% in March 2022, 30% in March 2023, 30% in March 2024
financial result:
(1) April 2022 to March 2023: Earned net income of Rs 283.80 crore and net profit margin of 3.95 per cent, recorded net profit of Rs 11.17 crore and achieved EPS of Rs 21.40 per share.
(2) Full year April 2023 to March 2024: Net income increased by 31.80 per cent to Rs 372.75 crore from Rs 282.80 crore, with net profit margin up 3.96 per cent – net profit increased from Rs 11.17 crore to Rs 32.43 per NPM. Earnings-EPS per share increased from Rs 21.44 to Rs 26.98, with earnings of Rs 14.77 crore.
(3) Q1 April 2024 to June 2024: Net income increased by 37.35 percent to Rs 114 crore, Net profit margin-NPM increased by 4.44 percent, Net profit increased by 58.62 percent to Rs 5.6 crore. Earnings per share – EPS stood at Rs. have achieved. 9.25.
(4) Expected Full Year April 2024 to March 2025: Expected Net Income Rs 515 crore Earnings 4.47% Net Profit Margin-NPM Rs 23 crore Expected Earnings per Share-EPS Rs 42.
Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. Consult a qualified investment financial advisor before making any investment decisions. The author, Gujarat Samachar or any other person will not be responsible for any possible loss on investment. (2) Expected earnings per share for the full year April 2023 to March 2024 is Rs 26.98 and book value is Rs 261. (3) Expected earnings per share for the full year April 2024-March 2025 is Rs 42 and expected book value is Rs 303. . The stock is currently trading at just Rs 722.15 on BSE (October 4, 2024) with an engineering P/E of 17.9 compared to an industry average P/E of 42.