PATELSAI
Patels Airtemp (I) financials
- Market cap
- ₹165 Cr
Quarterly results
Q4 FY26: revenue down 14.0%, net profit down 7.6% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 82 | 88 | 104 | 83 −27% | 22 −73% | 59 −33% | 90 −14% |
| EBITDA | 10 | 8 | 9 | 8 | 7 −37% | 3 −59% | 6 −29% | 7 −15% |
| Net profit | 5 | 3 | 4 | 4 | 3 −45% | 1 −79% | 3 −30% | 4 −8% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −20.8% 1Y
1Y: ₹347.2 on 10 Sept 2025 → ₹275. High ₹405.95 (10 Jul 2026), low ₹184.45 (30 Mar 2026).
Financials, as filed
Revenue fell 4.4% a year over 4 years, FY22 to FY26. Operating margin held at 9.2%.
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹303 Cr | ₹281 Cr | ₹371 Cr | ₹388 Cr | ₹253 Cr |
| Operating profit | ₹28 Cr | ₹30 Cr | ₹35 Cr | ₹36 Cr | ₹23 Cr |
| Operating margin | 9.3% | 10.7% | 9.4% | 9.2% | 9.2% |
| Interest | ₹9 Cr | ₹12 Cr | ₹13 Cr | ₹11 Cr | ₹10 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹12 Cr | ₹11 Cr | ₹15 Cr | ₹17 Cr | ₹10 Cr |
| Net margin | 4.1% | 4.0% | 3.9% | 4.3% | 4.1% |
| Cash from operations | ₹-13 Cr | ₹5 Cr | ₹11 Cr | ₹40 Cr | ₹23 Cr |
| Free cash flow | ₹-20 Cr | ₹1 Cr | ₹9 Cr | ₹37 Cr | ₹16 Cr |
| ROCE | 14.0% | 13.0% | 14.0% | — | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹94 Cr | ₹106 Cr | ₹124 Cr | ₹137 Cr | ₹155 Cr | ₹161 Cr |
| Borrowings | ₹64 Cr | ₹88 Cr | ₹95 Cr | ₹93 Cr | ₹92 Cr | ₹88 Cr |
| Other liabilities | ₹119 Cr | ₹86 Cr | ₹136 Cr | ₹136 Cr | ₹47 Cr | ₹43 Cr |
| Total liabilities | ₹282 Cr | ₹284 Cr | ₹360 Cr | ₹371 Cr | ₹300 Cr | ₹297 Cr |
| Fixed assets | ₹43 Cr | ₹47 Cr | ₹47 Cr | ₹45 Cr | ₹44 Cr | ₹45 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹239 Cr | ₹237 Cr | ₹313 Cr | ₹326 Cr | ₹255 Cr | ₹250 Cr |
| Total assets | ₹282 Cr | ₹284 Cr | ₹360 Cr | ₹371 Cr | ₹300 Cr | ₹297 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 10% to 10,697.
- Promoters
- 46.5%
- FIIs
- 0.1%
- DIIs
- 0.1%
- Public
- 53.4%
Since Jun 2025
- Public −0.09 pp
- DIIs +0.07 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 46.5%, Public 53.6%.Dec '23: Promoters 46.5%, Public 53.5%.Mar '24: Promoters 46.5%, Public 53.5%.Jun '24: Promoters 46.5%, Public 53.6%.Sep '24: Promoters 46.5%, Public 53.5%.Dec '24: Promoters 46.5%, Public 53.5%.Mar '25: Promoters 46.5%, FIIs 0.0%, Public 53.5%.Jun '25: Promoters 46.5%, FIIs 0.1%, Public 53.5%.Sep '25: Promoters 46.5%, FIIs 0.1%, Public 53.5%.Dec '25: Promoters 46.5%, FIIs 0.1%, Public 53.5%.Mar '26: Promoters 46.5%, FIIs 0.1%, Public 53.5%.Jun '26: Promoters 46.5%, FIIs 0.1%, DIIs 0.1%, Public 53.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sanjivkumar Narayanbhai Patel +0.63 pp 8.15% held
- Shivang Prakashchandra Patel +0.63 pp 2.14% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Patels Airtemp (I) Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Therm Flow Engineers Pvt Ltd | 24.91% | unchanged |
| Sanjivkumar Narayanbhai Patel | 8.15% | +0.63 pp |
| Devidas Chelaram Narumalani | 5.30% | unchanged |
| Aarti Prakashbhai Patel | 3.38% | unchanged |
| Rashmika Narendra Patel | 2.40% | unchanged |
| Bharat Chhabildas Patel | 2.39% | unchanged |
| Shivang Prakashchandra Patel | 2.14% | +0.63 pp |
| Sunil Kumar Gupta | 1.28% | unchanged |
| Jalpa Sanjiv Patel | 1.22% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.14% | unchanged |
| Sanjivkumar Narayanbhai Patel Huf | 0.82% | unchanged |
| Patel Narayanbhai Gangaram Huf | 0.32% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Patels Airtemp (I) Ltd.
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