Atam Valves Ltd.

•

atamvalves.inBSE: 543236NSE: ATAM

Market Cap₹ 63 Cr.

Current Price

High / Low₹ 111 / 48

Stock P/E34.6

Book Value₹ 34

Price to Book2.44

Dividend Yield0.64 %

ROCE20.4 %

ROE18.7 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 29.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
Company has delivered good sales growth of 30.0% CAGR over last 5 years
Company comfortably covers its interest (10.7x coverage)
Company has a consistent dividend-paying track record
Attractively priced for its growth - PEG of 0.5

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 70.6% versus prior year
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -8.9pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.41x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	432.80	61.95	150703.70	0.32	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	922.60	85.51	45620.81	0.64	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3729.70	74.90	44441.73	0.54	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	KIRLOSENG	2267.40	60.41	32995.17	0.31	1110.60	699.45	19995.30	1034.94	14.46	15.02
5.	JYOTICNC	1026.55	72.57	23346.12	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	INOXINDIA	2180.15	77.65	19787.80	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	TRITURBINE	572.05	54.07	18185.38	0.74	51.10	-20.65	442.70	19.23	35.95	11.59
8.	AZAD	2765.75	128.52	17861.70	0.00	351.60	1094.62	1725.99	1159.00	12.28	37.29
9.	LLOYDSENGG	84.88	58.86	13165.22	0.29	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1552.65	552.07	11664.70	0.13	-1082.52	-3163.59	17234.42	4739.88	8.37	3.27
11.	KENNAMET	4534.30	85.10	9965.59	0.00	31.50	11.31	267.30	12.55	18.99	17.51
12.	ATAM	54.82	34.62	62.84	0.64	0.64	-48.79	12.29	-0.67	20.43	8.77

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10	13	12	17	11	17	17	15	12	11	10	13	12
	9	10	10	13	10	14	15	11	10	10	11	12	12
Operating Profit	2	2	2	4	1	3	3	3	2	2	-0	2	1
OPM %	14.42%	18.65%	15.75%	23.19%	12.88%	15.53%	14.61%	22.57%	16.81%	14.02%	-3.36%	12.14%	5.33%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	1	2	1	4	1	2	2	3	2	1	-1	1	1
Tax %	25.66%	28.80%	31.72%	25.48%	24.80%	26.87%	25.82%	25.69%	25.30%	25.00%	22.67%	27.73%	25.21%
Net Profit	1	1	1	3	1	2	2	2	1	1	-1	1	1
	0.80	1.25	0.87	2.34	0.81	1.45	1.37	1.86	1.08	0.78	-0.50	0.75	0.55

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	16	17	18	16	18	20	49	53	61	47
	13	15	16	14	16	17	38	43	51	44
Operating Profit	2	2	3	2	2	3	11	10	10	3
OPM %	14.45%	14.32%	13.75%	11.44%	13.08%	15.45%	22.26%	18.62%	16.45%	7.40%
	0	0	0	0	0	0	0	0	0	0
Interest	1	1	1	1	1	0	0	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Profit before Tax	0	1	1	0	1	2	10	8	9	2
Tax %	21.89%	33.16%	25.96%	80.59%	28.20%	27.56%	23.59%	27.37%	26.05%	27.08%
Net Profit	0	1	1	0	1	1	8	6	6	2
EPS	0.00	0.00	0.00	0.00	2.46	1.45	6.66	5.09	5.50	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	47.17%	60.39%	20.64%	14.74%	15.47%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 30%
3 Years:: 44%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 173%
3 Years:: 66%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -34%
1 Year:: -41%

RETURN ON EQUITY

10 Years:: —
5 Years:: 22%
3 Years:: 28%
Last Year:: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1	3	3	3	4	4	11	11	11
	2	1	1	2	6	7	13	20	25
	11	12	10	8	4	6	7	13	12
Trade Payables	1	1	1	2	2	1	3	2	3
	2	1	2	1	2	2	5	3	3
Total Liabilities	16	18	17	16	18	19	38	49	54
	2	3	2	3	3	3	3	3	3
	9	9	7	8	8	10	14	21	28
	0	0	0	0	0	0	0	14	22
Cash & Bank	0	0	0	0	0	0	0	10	0
	5	6	7	5	6	6	21	1	1
Total Assets	16	18	17	16	18	19	38	49	54

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	1	4	4	2	0	-5	6	-7
Cash from Investing	-0	-1	-1	-1	-1	-0	-0	-1	-1
Cash from Financing	-5	0	-3	-3	-0	-0	7	5	-3
	-0	-0	0	-0	0	0	0	10	-10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	34.61	1.70	2.17	0.14	2.12	3.31	7.27	5.09	5.50
Book Value (₹)	324.91	12.37	14.54	16.19	24.17	25.90	22.22	27.08	31.82
Dividend per Share (₹)	0.00	0.00	0.00	0.00	1.00	2.00	1.50	0.75	0.85
Cash EPS (₹)	1.84	1.78	2.20	1.48	1.85	2.76	7.95	5.65	6.04
PROFITABILITY
Operating Margin %	13.19%	14.04%	14.16%	11.64%	13.26%	15.84%	22.09%	18.18%	16.12%
Net Margin %	1.61%	2.87%	3.56%	0.25%	4.77%	6.69%	15.19%	10.82%	10.20%
ROE %	10.65%	16.17%	16.16%	0.90%	11.80%	13.23%	44.95%	21.41%	18.66%
ROCE %	11.54%	12.58%	12.22%	7.38%	12.75%	15.17%	43.73%	24.37%	20.43%
	1.68%	2.94%	3.69%	0.25%	5.19%	7.31%	26.78%	13.38%	12.25%
EFFICIENCY
Debtor Days	83	91	112	116	92	93	91	116	108
Inventory Days	196	189	163	173	167	166	87	119	144
Payable Days	47	42	34	60	73	61	26	31	27
	232	239	241	229	185	198	152	205	225
FINANCIAL HEALTH
Debt to Equity (x)	4.54x	3.44x	2.46x	1.75x	0.46x	0.50x	0.28x	0.41x	0.33x
Interest Coverage (x)	1.27x	1.65x	1.84x	1.26x	3.18x	5.33x	26.24x	8.02x	10.71x
	3.04x	3.01x	3.27x	2.03x	2.70x	2.43x	2.88x	2.61x	3.11x
GROWTH
Revenue Growth %	0.00%	10.90%	5.99%	-11.15%	12.52%	10.89%	141.06%	7.32%	15.02%
Operating Profit Growth %	0.00%	10.18%	3.97%	-26.97%	28.22%	33.04%	244.77%	-11.92%	2.08%
Net Profit Growth %	0.00%	84.25%	27.81%	-93.63%	2005.70%	56.21%	461.28%	-23.94%	8.01%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-30.01%	8.01%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	33.00x	14.10x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.20x	2.44x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.45%	1.10%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.84x	10.02x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.22	52.29	52.29	52.29	52.29	52.56	52.44	52.29	52.29
	0.06	0.26	0.17	0.36	0.21	0.18	0.17	0.17	0.17
	0.36	0.00	0.00	0.00	0.00	0.09	0.99	1.01	1.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.37	47.44	47.53	47.35	47.49	47.18	46.39	46.53	46.46

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Atam Valves Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-30

Copy of Newspaper Publication

2026-08-30 - Atam Valves Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

General Updates

2026-08-29 - Atam Valves Limited has informed the Exchange about Issuance of Letters to Shareholders under Regulation 36(1)(b) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

2026-08-29

Record Date

2026-08-29 - Atam Valves Limited has informed the Exchange that Record date for the purpose of Dividend and Cut-off date is 16-Sep-2026.

2026-08-29

Updates

2026-08-29 - Atam Valves Limited has informed the Exchange regarding ''Communication to Shareholders - Intimation on Tax Deduction on Dividend'.'.

2026-08-29

Shareholders meeting

2026-08-29 - Atam Valves Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-29

Dividend

2026-08-29 - Atam Valves Limited has informed the Exchange that Board of Directors at its meeting held on August 29, 2026, fixed the record date for the purpose of final dividend..

2026-08-29

Outcome of Board Meeting

2026-08-29 - Atam Valves Limited has informed the Exchange regarding Outcome of Board Meeting held on August 29, 2026.

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Atam Valves Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for ATAM

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Atam Valves Ltd.

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Name

BHEL

432.80

61.95

150703.70

0.32

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

922.60

85.51

45620.81

0.64

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3729.70

74.90

44441.73

0.54

21.79

-85.61

2302.73

7.09

15.85

2.98

KIRLOSENG

2267.40

60.41

32995.17

0.31

1110.60

699.45

19995.30

1034.94

14.46

15.02

JYOTICNC

1026.55

72.57

23346.12

0.00

57.14

-19.99

508.47

23.97

23.88

21.40

INOXINDIA

2180.15

77.65

19787.80

0.09

58.07

-4.98

370.79

9.18

33.54

20.46

TRITURBINE

572.05

54.07

18185.38

0.74

51.10

-20.65

442.70

19.23

35.95

11.59

AZAD

2765.75

128.52

17861.70

0.00

351.60

1094.62

1725.99

1159.00

12.28

37.29

LLOYDSENGG

84.88

58.86

13165.22

0.29

68.23

-77.28

527.15

142.92

17.99

15.04

TEGA

1552.65

552.07

11664.70

0.13

-1082.52

-3163.59

17234.42

4739.88

8.37

3.27

KENNAMET

4534.30

85.10

9965.59

0.00

31.50

11.31

267.30

12.55

18.99

17.51

ATAM

54.82

34.62

62.84

0.64

-48.79

12.29

-0.67

20.43

8.77

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

OPM %

14.42%

18.65%

15.75%

23.19%

12.88%

15.53%

14.61%

22.57%

16.81%

14.02%

-3.36%

12.14%

5.33%

Interest

Depreciation

Profit before Tax

-1

Tax %

25.66%

28.80%

31.72%

25.48%

24.80%

26.87%

25.82%

25.69%

25.30%

25.00%

22.67%

27.73%

25.21%

Net Profit

-1

0.80

1.25

0.87

2.34

0.81

1.45

1.37

1.86

1.08

0.78

-0.50

0.75

0.55

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

Operating Profit

OPM %

14.45%

14.32%

13.75%

11.44%

13.08%

15.45%

22.26%

18.62%

16.45%

7.40%

Interest

Depreciation

Profit before Tax

Tax %

21.89%

33.16%

25.96%

80.59%

28.20%

27.56%

23.59%

27.37%

26.05%

27.08%

Net Profit

EPS

0.00

2.46

1.45

6.66

5.09

5.50

—

Dividend Payout %

0.00%

47.17%

60.39%

20.64%

14.74%

15.47%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

Cash & Bank

Total Assets

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-5

-7

Cash from Investing

-0

-1

-0

-1

Cash from Financing

-5

-3

-0

-3

-0

-10

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

34.61

1.70

2.17

0.14

2.12

3.31

7.27

5.09

5.50

Book Value (₹)

324.91

12.37

14.54

16.19

24.17

25.90

22.22

27.08

31.82

Dividend per Share (₹)

0.00

1.00

2.00

1.50

0.75

0.85

Cash EPS (₹)

1.84

1.78

2.20

1.48

1.85

2.76

7.95

5.65

6.04

PROFITABILITY

Operating Margin %

13.19%

14.04%

14.16%

11.64%

13.26%

15.84%

22.09%

18.18%

16.12%

Net Margin %

1.61%

2.87%

3.56%

0.25%

4.77%

6.69%

15.19%

10.82%

10.20%

ROE %

10.65%

16.17%

16.16%

0.90%

11.80%

13.23%

44.95%

21.41%

18.66%

ROCE %

11.54%

12.58%

12.22%

7.38%

12.75%

15.17%

43.73%

24.37%

20.43%

1.68%

2.94%

3.69%

0.25%

5.19%

7.31%

26.78%

13.38%

12.25%

EFFICIENCY

Debtor Days

112

116

108

Inventory Days

196

189

163

173

167

166

119

144

Payable Days

232

239

241

229

185

198

152

205

225

FINANCIAL HEALTH

Debt to Equity (x)

4.54x

3.44x

2.46x

1.75x

0.46x

0.50x

0.28x

0.41x

0.33x

Interest Coverage (x)

1.27x

1.65x

1.84x

1.26x

3.18x

5.33x

26.24x

8.02x

10.71x

3.04x

3.01x

3.27x

2.03x

2.70x

2.43x

2.88x

2.61x

3.11x

GROWTH

Revenue Growth %

0.00%

10.90%

5.99%

-11.15%

12.52%

10.89%

141.06%

7.32%

15.02%

Operating Profit Growth %

0.00%

10.18%

3.97%

-26.97%

28.22%

33.04%

244.77%

-11.92%

2.08%

Net Profit Growth %

0.00%

84.25%

27.81%

-93.63%

2005.70%

56.21%

461.28%

-23.94%

8.01%

0.00%

-30.01%

8.01%

VALUATION

P/E (x)

0.00x

33.00x

14.10x

P/B (x)

0.00x

6.20x

2.44x

Dividend Yield %

0.00%

0.45%

1.10%

0.00x

19.84x

10.02x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.22

52.29

52.56

52.44

52.29

0.06

0.26

0.17

0.36

0.21

0.18

0.17

0.36

0.00

0.09

0.99

1.01

1.07

Government

0.00

38.37

47.44

47.53

47.35

47.49

47.18

46.39

46.53

46.46

Atam Valves Ltd.

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Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Atam Valves Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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