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×

patels airflow Limited

70.00
+ 0.00 %
Scrip Name
Patels Airflow
ISIN No.
INE685G01017
PAN No.
AACCP7869D
Face Value
10
No. of Outstanding Shares
2,250,080
Market Capitalization
15.75 Crore

PATELS AIRFLOW LIMITED


About the Company


Patels Airflow Limited is a recognized leading company, engaged with the manufacturing of a complete range of industrial fans and blowers. The team of experienced engineers promoters directors started the company in 1973. The promoters have wide experience of more than four decades in the field of designing and manufacturing of industrial fans and blowers. Over a period, the company has emerged as one of the leading manufacturers of quality products.


The company was started at Vatva, Ahmedabad, INDIA in the year 1973 and has attained the position of one of the leading suppliers to major Chemical Plants, Power Plants, Refineries, Fertilizer Units, Nuclear Power Plants, Pharmaceuticals, Steel Plants, Textiles, Atomic Energy and Heavy Water Plants, Mega Malls, consulting firms in INDIA and abroad.


The company management team, consisting of a board of directors and key persons is well known in the field of industrial fans and blowers.


PAF is approved under all leading consultants like EIL, PDO, KNPC, UHDE, JACOB H & G, MECON, CHEMTEX, LINDE, and companies like NTPC, RELIANCE, GRASIM, NIRMA, BHEL, IFFCO, GSFC, IPCL, etc.


PAF is one of very few companies in INDIA which makes CENTRIFUGAL AND AXIAL FANS since 1973 with a wide range of all types of FANS.

 

INCORPORATION DETAILS


CIN

U31909GJ2001PLC039998

Registration Date

17 September 2001.

Category/Sub-category of the Company

Company limited by Shares

Address of the Registered office and contact details

61, Phase-1, G.I.D.C. Industrial Estate, Vatva,
Ahmedabad - 382 445 Gujarat, India.

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

M/s. BIGSHARE SERVICES PVT LTD.

A-802, Samudra Complex, Nr. Klassic Gold Hotel,

Grish Cold Drink, Off CG Road, Navrangpura,

Ahmedabad-  380009, Gujrat.

Phone  No. 079-40024135.

 

BOARD OF DIRECTORS

 

Shri PopatlalBhopabhai Patel

Shri BhogilalIshwarlal Patel

Shri Kashiramkhodidaspatel

Shri Himanshu Popatlal Patel

Shri Devang Kashiram Patel

Shri Prakash Bhogilal Patel

Shri Kaival Devang Patel

Shri Akash Himanshu Patel.


PRINCIPAL BUSINESS ACTIVITY OF BUSINESS


SR No. 

Name and Description 

NIC Code of the product/services 

% to the total turnover of the company 

1

Manufacturing of complete range of Industrial Fans, Blowers and Tubes, and its related accessories

2819

28.76%

2

Manufacturing of Carbon Steel tubes

2431

71.24%

 

Shareholders holding more than 5 % shares in the company as of 31 March 2021


Particulars

No. of shares

% of holding

Investor Education and Protection Fund Authority Ministry of Corporate Affairs

41780

1.86

Harsha Hitesh Javeri

17637

0.78

Pareshkumar Shah

15765

0.7

Harsh Paresh Shah

8875

0.39

IndravadanApabhai Desai

5075

0.23

JatinMaganbhai Patel

5000

0.22

Suraj Enterprise Private Ltd

3850

0.17

Manilal G Patel

2975

0.13

Babubhai G Patel

2750

0.12

Ashok Mehta

2750

0.12

 

INDUSTRY OUTLOOK

The global steel pipes & tubes market size was valued at USD 142.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2020 to 2027. Increasing oil & gas production owing to the demand from the transportation industry is one of the prominent growth drivers for the market. The oil & gas industry is the major consumer segment for steel pipes & tubes. Steel pipes are used for the transportation of gas & liquid in this industry. They are generally manufactured using low alloy or carbon steel. The inside diameter, ductility, yield strength, and pressure rating are some of the key factors considered while selecting pipes for specific applications. The U.S. oil & gas industry is among the primary end-users for steel pipes and tubes. The product is used in upstream, midstream as well as downstream processing of crude oil. The market is anticipated to register steady growth over the forecast period owing to the developments in the U.S. oil & gas industry.

Global Industrial and Commercial Fans and Blowers Market to Reach $9.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial and Commercial Fans and Blowers estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$9.8 Billion by 2027, growing at a CAGR of 2.9% over the period 2020-2027.
The U.S. The market is estimated at $2.2 Billion, While China is Forecast to Grow at 5.4% CAGR
The Industrial and Commercial Fans and Blowers market in the U.S. are estimated at US$2.2 Billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

FINANCIALS AT GLANCE

                                          


        STANDALONE STATEMENT OF PROFIT AND LOSS        

                                                                                                       

(All amounts in INR Lakhs, unless otherwise stated)












Particulars

2021

2020

2019


Revenue from Operations

4013.91674

4537.52137

5247.14912


Other Income

30.4731

36.87783

45.27905


Total Revenue

4044.38984

4574.3992

5292.42817


 change %

-11.59%

-13.57%



EBITDA

391.16549

427.026

495.04115


Change %

-8.40%

-13.74%



EBITDA Margin

9.67%

9.34%

9.35%


EBIT

287.56069

322.60584

396.67132


EBIT Margin

7.11%

7.05%

7.50%


DEP

103.6048

104.42016

98.36983


FINANCE COST

64.11914

82.80798

77.60331


Profit before tax

223.44155

239.79786

319.06801


Tax Expense I Current Taxes

57.75

60.493

88.011


Deferred tax

0.20736

-6.6623

2.93383


Total  Tax Expense

57.95736

53.8307

90.94483


PAT

165.48419

185.96716

228.12318


Profit Margin

4.09%

4.07%

4.31%


EPS( in Rs.)

7.35

8.26

10.14










 

STANDALONE STATEMENT OF PROFIT AND LOSS ACCOUNT   

                                                                                                        

  (All amounts in INR Lakhs, unless otherwise stated)


Particulars

2021

2020

ASSETS



Non-current assets



Property, plant, and equipment



Tangible Assets

1030.24

1001.38

Intangible Assets

0.18

0.18

Capital work in progress

0.00

72.37

Investments

1.00

1.00

Long term loan and Advances

52.58

57.07

Total non-current assets

1084.00

1132.01

Current assets



Inventories

1030.60

798.96

Financial assets



(i) Trade receivables

456.96

598.05

(ii) Cash and cash equivalents

169.96

190.12

Short term loans and advances

137.76

280.42

Other current assets

1.29

1.29

Total current assets

1796.57

1868.84

Total assets 

2880.56

3000.85

EQUITY AND LIABILITIES



Equity share capital

225.01

225.01

 Other equity

1265.75

1136.04

Total equity

149.08

1361.05

Liabilities



Non-current liabilities



Long Term Borrowings

101.05

123.73

Deferred tax Liability (net)

77.14

83.80

Total non-current liabilities

178.18

207.53

Current liabilities



Financial liabilities



(i) Borrowings

361.52

641.59

(ii) Trade payables

15.04

27.47

(iii) Other

484.32

304.82

 Other current liabilities

218.54

286.83

Provisions

132.20

171.58

Total current liabilities

1211.61

1432.28

Total equity and liabilities

2880.56

3000.85


Dividend History


Year

2021

2020

Amount

Rs. 2.5

Rs. 2.5


PERFORMANCE OF THE COMPANY

The Revenue of the company is on the decline for the past two years during FY 2020 revenue was Rs. 4574.3992 Lakhs and it decreased by 11.59% to Rs. 4044.38984 Lakhs in FY 2021. The primary reason for this is the impact of the Covid-19


The PAT of the company is also on the decline for the past two years. In FY 2020 it was Rs. 185.96 Lakhs and in FY 2021 is was reduced to Rs. 165.48 Lakhs.


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2020-21

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