EN DE

Patels Airtemp (India) Limited (517417) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹687M

PA Patels Airtemp (India) Limited 517417 · BSE
Price₹297.50
Fair Value₹425.54
Upside+43.0%
Quality57/100
Watch Patels Airtemp (India) Limited for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 4.7% net margin
Low debt · generates free cash flow
1.96% dividend yield
Ranks above peers (13/14)
Narrow moat 40/100
Evidence: High Range ₹319.16 – ₹531.93 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹405.28 to ₹425.54 (+5.0%) since Aug 9, 2026.

A solid business, screening 43% undervalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The price is below even our cautious bear case (₹319.16). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹875.84 ₹127.66 Fair Value ₹425.54 Mar 2021 Aug 2026

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 ₹127.66 – ₹875.84 · fair‑value band ₹319.16 – ₹531.93 · the ₹297.50 price screens below the ₹425.54 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Patels Airtemp (India) Limited (517417) currently trades at ₹297.50, while our model-based Fair Value estimate is ₹425.54, implying the stock looks roughly 43.0% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Industrial Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Patels Airtemp (India) Limited generated revenue of ₹2.3B at a net margin of 4.7%. Revenue declined 3.7% year over year. It earns a return on equity of 12.5%. Net debt stands at ₹545M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹319.16 (bear case) to ₹531.93 (bull case); at ₹297.50, the current price sits below 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 38% below its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -16% fair-value upside, at 43%, 517417 screens cheaper 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹357.79 ₹466.83 ₹602.08 80
Residual Income ₹242.93 ₹244.10 ₹230.30 76
Rev-Margin DCF ₹383.61 ₹569.27 ₹780.50 74
All 26 models by family
DCF Models
FCF DCF ₹355.51 ₹480.35 ₹645.03 38
Owner Earnings ₹190.08 ₹243.49 ₹313.94 31
5Y Revenue Exit ₹383.61 ₹568.51 ₹802.60 39
5Y EBITDA Exit ₹419.25 ₹634.64 ₹883.34 41
5Y P/E Exit ₹351.06 ₹508.13 ₹670.29 38
10Y Revenue Exit ₹359.53 ₹515.12 ₹720.19 36
10Y EBITDA Exit ₹389.23 ₹556.89 ₹776.06 37
10Y P/E Exit ₹349.60 ₹476.98 ₹628.64 35
Earnings-Based
Graham-Dodd ₹137.79 ₹414.10 ₹548.79 54
Lynch FV ₹87.95 ₹125.64 ₹163.33 50
PEG = 1.0 ₹87.95 ₹125.64 ₹163.33 46
EPV ₹323.92 ₹359.04 ₹388.30 59
Dividend Discount
Gordon GGM ₹25.15 ₹45.31 ₹62.38 70
DDM Multi-Stage ₹25.15 ₹38.53 ₹48.41 61
Multiples
P/E Multiple ₹319.16 ₹425.54 ₹531.93 63
P/S Multiple ₹258.37 ₹344.49 ₹430.61 58
P/B Multiple ₹258.37 ₹344.49 ₹430.61 55
EV/EBIT ₹564.44 ₹730.45 ₹896.47 53
EV/EBITDA ₹514.83 ₹664.31 ₹813.79 54
EV/Revenue ₹421.86 ₹574.20 ₹726.55 43
Asset-Based
NCAV (Graham) ₹163.81 ₹219.50 ₹327.61 50
Growth DCF
Growth DCF ₹357.79 ₹466.83 ₹602.08 80
Rev-Margin DCF ₹383.61 ₹569.27 ₹780.50 74
Economic Profit
Residual Income ₹242.93 ₹244.10 ₹230.30 76
ROIC Compounder ₹323.92 ₹372.34 ₹429.02 72
Growth Earnings
Growth-Adj P/E ₹260.76 ₹372.51 ₹484.26 68

Widest divergence: DCF Models (₹508.13) versus Dividend Discount (₹38.53). Highest evidence: Growth DCF (80).

Notify me when 517417 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹2.3B
Revenue growth (YoY) -3.7%
Net margin 4.7%
Return on equity 12.5%
Free cash flow ₹157M FY2026
P/E ratio 5.8 as of Jul 4, 2026
More key figures
Operating margin 8.9%
EPS (TTM) ₹21.76
Dividend yield 2.0%
EPS growth (YoY) -8.2%
Net debt ₹545M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 33

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Patels Airtemp (India) Limited manufactures and sells heat and air cooled exchangers, columns and pressure vessels, and air-conditioning and refrigeration equipment in India. The company also offers shell and tube heat exchangers, ambient air heaters, air cooled condensers, and shell and fin tube heat exchangers.

Full company description

Patels Airtemp (India) Limited manufactures and sells heat and air cooled exchangers, columns and pressure vessels, and air-conditioning and refrigeration equipment in India. The company also offers shell and tube heat exchangers, ambient air heaters, air cooled condensers, and shell and fin tube heat exchangers. In addition, it undertakes various turnkey projects in the areas of comfort and pharmaceutical air-conditioning, textile humidification, evaporative cooling systems, clean room requirements, pressurization and ventilation systems, industrial and process air-conditioning, dust extraction systems, and closed controlled air-conditioning; and offers turnkey solutions to HVAC problems. The company serves power projects and refineries, as well as fertilizer, cement, petrochemical, pharmaceutical, textile, and chemical industries. It also exports its products. The company was founded in 1973 and is based in Ahmedabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Patels Airtemp (India) Limited reported revenue of ₹2.5B in FY2026 versus ₹3.0B in FY2022, a compound −4.4%/yr. Reported net income was ₹103M in FY2026, compounding −4.5%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹2.5B
Latest YoY
−34.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.2%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Revenue −4.4%/yr
FY22 ₹3.0B
FY23 ₹2.8B
FY24 ₹3.7B
FY25 ₹3.9B
FY26 ₹2.5B
Net income −4.5%/yr
FY22 ₹124M
FY23 ₹112M
FY24 ₹147M
FY25 ₹165M
FY26 ₹103M

Watch 517417: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Patels Airtemp (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/517417

Peer Group

Industrial Goods · 22 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “General Building Materials” was too small, so the broader sector is used.)

Quality Score 57 · Above median
Fair Value upside +33% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 9% · Top 25%
Revenue growth -4% · Above median
Dividend yield (TTM) 2.0% · Top 25%

Valuation Multiples vs Industrial Goods median · lower = cheaper

P/E (TTM) 5.8× · Cheaper than median
P/B 0.41× · Pricier than 75% of peers
P/S (TTM) 0.29× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.5× · Cheaper than 75% of peers

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 77 · sector 0
FUTURE 0 · sector 0
PAST 50 · sector 0
HEALTH 100 · sector 98
DIVIDEND 39 · sector 2

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more General Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shree Cement Limited 500387 ₹25,410 ₹4,548 -82%
Carborundum Universal Limited 513375 ₹1,152 ₹194.24 -83%
JK Lakshmi Cement Limited 500380 ₹549.95 ₹305.50 -44%
Ramco Industries Limited 532369 ₹358.50 ₹302.39 -16%
Deccan Cements Limited 502137 ₹548.45 ₹91.42 -83%
Pacific Industries Limited 523483 ₹137.35 ₹121.22 -12%
Sicagen India Limited 533014 ₹59.23 ₹92.58 +56%
Keerthi Industries Limited 518011 ₹43.52 ₹21.42 -51%
Solid Stone Company 513699 ₹24.93 ₹22.00 -12%
Barak Valley Cements Limited 532916 ₹40.75 ₹39.64 -3%

Compare Patels Airtemp (India) Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Patels Airtemp (India) Limited (517417) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹425.54 versus a price of ₹297.50, about +43% (undervalued).
What is the fair value of 517417?
Our model-based fair value for Patels Airtemp (India) Limited is ₹425.54 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹297.50.
What is the quality score of 517417?
Patels Airtemp (India) Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Patels Airtemp (India) Limited (517417)?
Patels Airtemp (India) Limited reported trailing-twelve-month revenue of about ₹2.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 517417?
The net profit margin of Patels Airtemp (India) Limited is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Patels Airtemp (India) Limited pay a dividend?
Patels Airtemp (India) Limited currently shows a dividend yield of about 1.96% relative to its recent price (as of Aug 13, 2026).

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.

14 days Pro free · no card

Track Patels Airtemp (India) Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.