maverick
13-11-2007, 04:18 PM
Patels Airtemp-Engineering Excellence
BSE 517417
Prakash Patel run Patels Airtemp, with its core focus on HVAC systems, heat exchangers and Industrial Airconditioning is on a tearway growth path, which has made many industry watchers call it to be another Voltas in the making though on a much smaller scale.
The corporate which achieved Revenues of Rs 41 crore in FY07 and after tax profits of Rs 2.50 crore, has already achieved Revenues in excess of Rs 25 crore for the first half of September 2007, with after tax profits of Rs 2.25 crore.
With the orders in hand, that include the Rs 7 crore order for Pressure Vessels from FASAM Italy, Air Humidification Systems worth Rs 3.19 crore from Jindal Polyfilms and orders from Ingersoll Rand and Dresser Rand, the FY08 Revenues will exceed Rs 70 crore, with after tax profits of Rs 7 crore or an EPS of Rs 14 for the year under review.
The Revenues for FY09 are likely to exceed Rs 110 crore, with after tax profits of Rs 11 to Rs 12 crore or an EPS of Rs 24 on a Equity of Rs 5 crore.
The average growth both in revenues and profits is expected to exceed 50 per cent per annum over the next 2 years, making Patels Airtemp a compelling buy at current levels.
The corporate specialises in the high growth segment of Shell and Tube Heat Exchangers, Air Cooled Heat Exchangers and Columns, Refrigeration and Air Conditioning Equipment, Window Air Conditioners, Split Air Conditioners, Ductable Split Air Conditioners, Air Cooled Packaged Air Conditioners, Tower Air Conditioners, Heat Exchangers and Pressure Vehicles.
Infact, Patels Airtemp is one of the few private sector producers to be regularly supplying pressure pipes for Nuclear Reactors being set up by the Nuclear Power Corporation of India at various locations, including the Rajasthan Atomic Power Plants I to IV.
Some of the popular public places in the State of Gujarat which have been provided Air Conditioning by Patel Airtemp include Fun Republic, City Gold, Wide Angle (Ahmedabad and Mehsana), City Point (Patan), Top3 (Bhavnagar), Divya Bhaskar (Ahmedabad), Nirma University and the New Domestic Airport Arrivals Block at Ahmedabad.
All Investors are advised to visit the corporate portal www.patelairtemp. com for getting a better insight into the operations of the company.
BSE 517417
Prakash Patel run Patels Airtemp, with its core focus on HVAC systems, heat exchangers and Industrial Airconditioning is on a tearway growth path, which has made many industry watchers call it to be another Voltas in the making though on a much smaller scale.
The corporate which achieved Revenues of Rs 41 crore in FY07 and after tax profits of Rs 2.50 crore, has already achieved Revenues in excess of Rs 25 crore for the first half of September 2007, with after tax profits of Rs 2.25 crore.
With the orders in hand, that include the Rs 7 crore order for Pressure Vessels from FASAM Italy, Air Humidification Systems worth Rs 3.19 crore from Jindal Polyfilms and orders from Ingersoll Rand and Dresser Rand, the FY08 Revenues will exceed Rs 70 crore, with after tax profits of Rs 7 crore or an EPS of Rs 14 for the year under review.
The Revenues for FY09 are likely to exceed Rs 110 crore, with after tax profits of Rs 11 to Rs 12 crore or an EPS of Rs 24 on a Equity of Rs 5 crore.
The average growth both in revenues and profits is expected to exceed 50 per cent per annum over the next 2 years, making Patels Airtemp a compelling buy at current levels.
The corporate specialises in the high growth segment of Shell and Tube Heat Exchangers, Air Cooled Heat Exchangers and Columns, Refrigeration and Air Conditioning Equipment, Window Air Conditioners, Split Air Conditioners, Ductable Split Air Conditioners, Air Cooled Packaged Air Conditioners, Tower Air Conditioners, Heat Exchangers and Pressure Vehicles.
Infact, Patels Airtemp is one of the few private sector producers to be regularly supplying pressure pipes for Nuclear Reactors being set up by the Nuclear Power Corporation of India at various locations, including the Rajasthan Atomic Power Plants I to IV.
Some of the popular public places in the State of Gujarat which have been provided Air Conditioning by Patel Airtemp include Fun Republic, City Gold, Wide Angle (Ahmedabad and Mehsana), City Point (Patan), Top3 (Bhavnagar), Divya Bhaskar (Ahmedabad), Nirma University and the New Domestic Airport Arrivals Block at Ahmedabad.
All Investors are advised to visit the corporate portal www.patelairtemp. com for getting a better insight into the operations of the company.