ATV Projects India Limited (500028) Fair Value & Analysis

Other · IN · Market cap ₹206M

A solid business, but screening 34% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹23.01). The favourable scenario is already priced in.
• Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (₹12.39 to ₹23.01) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹3.96 – ₹49.48 · fair‑value band ₹12.39 – ₹23.01 · the ₹26.74 price screens above the ₹17.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

ATV Projects India Limited (500028) currently trades at ₹26.74, while our model-based Fair Value estimate is ₹17.70, implying the stock looks roughly 33.8% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ATV Projects India Limited generated revenue of ₹313M at a net margin of 22.0%. Revenue declined 17.2% year over year. It earns a return on equity of 3.8%. Net debt stands at ₹298M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹12.39 (bear case) to ₹23.01 (bull case); at ₹26.74, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 3% above its 52-week low, currently above its 200-day average. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at -34%, 500028 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Asset-Based (₹26.88) versus Earnings-Based (₹3.94). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

ATV Projects India Limited manufactures and trades in engineering equipment in India. It offers desalters, cryogenic vessels, distillation columns, pressure vessels, heat exchangers, boilers, reactors, bullets, strippers, horton spheres, autoclaves, chemical plant equipment, towers, sugar plant equipment, tank-lined/unlined, cement plant equipment, mixers, …

Full company description

ATV Projects India Limited manufactures and trades in engineering equipment in India. It offers desalters, cryogenic vessels, distillation columns, pressure vessels, heat exchangers, boilers, reactors, bullets, strippers, horton spheres, autoclaves, chemical plant equipment, towers, sugar plant equipment, tank-lined/unlined, cement plant equipment, mixers, hydro power plant equipment, crystallization, and evaporators; and bagasse fired water tube boilers, multifuel water and smoke tube boilers, fluidized bed combustion boilers, and waste heat recovery boilers. The company also constructs tanks for storing chemicals and petroleum products; and manufactures and sells fixed and floating roof tanks, as well as Horton spheres. Its products are used in refinery, nuclear, oil and gas, chemical, fertilizer, power plant, petrochemical, cement, and sugar fields. The company was founded in 1978 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ATV Projects India Limited reported revenue of ₹677M in FY2026 versus ₹325M in FY2022, a compound +20.1%/yr. Reported net income was ₹71.6M in FY2026, compounding −2.7%/yr from FY2022.

500028 screens 34% overvalued. Compare with Federal Home Loan Mortgage Corporation →

Peer Group

Other · 373 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Other median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.