Patels Airtemp (India) Limited

BSE: 517417
Patels Airtemp (India) Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L29190GJ1992PLC017801 Incorporated 10 June 1992 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 517417 Public Limited Company machinery and equipment
Data last updated
Market Cap
₹191 Cr
PATELSAI · BSE
Share Price
₹340.50
-2.64% today
Revenue
₹371 Cr
FY 2023-24 · +31.7% YoY
EBITDA
₹35.02 Cr
Margin 9.4%
Net Profit
₹14.80 Cr
FY 2023-24 · +32.6% YoY
P/E (TTM)
12.6x
P/B 1.3x
ROE
10.8%
ROCE 14.3%
Debt / Equity
0.69
Interest cover 41.5x

About Patels Airtemp (India) Limited

Data last updated:

Patels Airtemp (India) Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 10 June 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L29190GJ1992PLC017801. Its GSTIN is 24AABCP1375K1ZF (Gujarat). The company holds 5 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 517417.

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.47 Cr. It is led by directors including Sanjiv Narayanbhai Patel (Managing Director) and Apurva Vinubhai Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 5th Floor Kalpana Complex Near Memnagar Fire Sta Navrangpura, Ahmedabad, Gujarat, India – 380009.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹252.93 Cr, a decline of 34.8% compared to the previous year. For the same year it recorded a net profit of ₹10.24 Cr (net margin 4%) and EBITDA of ₹23.32 Cr (EBITDA margin 9.2%). The net worth stands at ₹166.11 Cr (up 5.5% YoY). Total assets are valued at ₹254.74 Cr (up 2.8% YoY).

The company has about 194 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Patels Airtemp. As per MCA filings, the company has open charges of ₹293.45 Cr and satisfied charges of ₹57.45 Cr on record. Court records list 33 cases involving the company, including 17 filed by the company and 16 filed against it; 2 cases are pending. The company has 93 deals on record (93 market trades); the latest was in September 2026. Its 3 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Almonard Private Limited with revenue of ₹396.82 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 713 overdue payments to 58 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website patelsairtemp.com.

Company details

CIN L29190GJ1992PLC017801
Registration Number 017801
Incorporation Date 10 June 1992
ROC Ahmedabad
Listing Status Listed - Listed on BSE (517417)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Patels Airtemp (India) has one previous CIN (Corporate Identification Number): U29190GJ1992PLC017801. The current CIN is L29190GJ1992PLC017801, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29190GJ1992PLC017801Current
U29190GJ1992PLC017801Previous
Key People
Sanjiv Narayanbhai Patel Managing Director Apurva Vinubhai Shah Whole-Time Director Shivang Prakashchandra Patel Whole-Time Director

Contact details

Patels Airtemp (India) Limited's registered office is in Ahmedabad, Gujarat. Its website is patelsairtemp.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    patelsairtemp.com
  • Social Media
  • Registered Address
    5th Floor Kalpana Complex Near Memnagar Fire Sta Navrangpura, Ahmedabad, Gujarat, India – 380009
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing

To see the full contact details of Patels Airtemp (India) Limited, buy the company report.

Comprehensive company report
Patels Airtemp (India) Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Patels Airtemp (India) operates one associated brand: Patels Airtemp. Each brand links to its own profile.

BrandDescriptionWebsite
Patels Airtemp
Industrial HVAC equipment is manufactured for various applications.patelairtemp.com

Business activity

The main business activity of Patels Airtemp (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Patels Airtemp (India) Limited, buy the company report.

Financials of Patels Airtemp (India) Limited

FY 2025-26 filings available

Patels Airtemp (India) Limited reported revenue of ₹252.93 Cr (down 34.8% YoY) for FY 2025-26.

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹371 Cr
+31.7% YoY
EBITDA
₹35.02 Cr
+16.0% YoY
Profit After Tax
₹14.80 Cr
+32.6% YoY
Net Worth
₹143 Cr
+10.2% YoY
Total Assets
₹236 Cr
+4.7% YoY
Total Debt
₹92.65 Cr
-2.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income statement
Revenue371281303255237151
Revenue growth+31.7%-7.2%+18.7%+7.6%+57.3%-
EBITDA35.0230.1828.3126.0423.0417.34
EBITDA margin+9.5%+10.7%+9.3%+10.2%+9.7%+11.5%
Profit before tax20.2215.3516.7915.4114.7910.50
Net profit14.8011.1612.3611.3711.327.30
Net profit margin+4.0%+4.0%+4.1%+4.5%+4.8%+4.8%
EPS (₹)26.9820.4224.3922.3922.3014.43
Balance sheet
Total assets236225199164134122
Net worth14313011199.4989.5579.78
Total debt92.6595.2487.7963.7544.6342.06
Cash & bank4.5511.436.3723.1711.1523.75
Net working capital17116613812198.3499.89
Cash flow
Cash from operations11.134.82(12.83)8.4511.136.60
Cash from investing(0.91)(3.18)(6.34)(9.04)(16.72)(3.02)
Cash from financing(17.11)3.4213.769.87(6.20)6.47
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue11587.2785.2382.8310164.2080.7135.38
Revenue growth (YoY)+14.1%+35.9%+5.6%+134.1%+26.0%---
Other income1.180.560.150.260.260.440.290.50
EBITDA11.097.748.477.728.957.538.035.67
EBITDA margin+9.6%+8.9%+9.9%+9.3%+8.8%+11.7%+9.9%+16.0%
Depreciation0.961.031.041.030.951.051.051.06
Interest4.552.593.122.632.893.593.442.31
Profit before tax6.764.684.464.325.373.333.832.80
Tax1.891.311.141.121.560.990.900.72
Net profit4.873.373.323.203.812.342.932.08
EPS (₹)0.006.156.085.847.104.445.794.09
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue253388371281303255237
Revenue growth-34.8%+4.6%+31.7%-7.2%+18.7%+7.6%-
EBITDA23.3235.5735.0830.2028.3426.0623.04
EBITDA margin+9.2%+9.2%+9.5%+10.7%+9.4%+10.2%+9.7%
Profit before tax13.9021.8620.1515.3716.8215.4314.79
Net profit10.2416.5014.7311.1812.3911.3911.32
Net profit margin+4.1%+4.3%+4.0%+4.0%+4.1%+4.5%+4.8%
EPS (₹)18.7830.1826.8620.4524.4622.4222.30
Balance sheet
Total assets255248236225199164134
Net worth16615714313011199.5089.54
Total debt88.1389.9792.6595.2487.7963.7544.63
Cash & bank33.8027.624.5511.296.2323.0310.99
Net working capital20120218616613712198.19
Cash flow
Cash from operations22.8039.9511.194.84(12.80)8.4611.05
Cash from investing(3.19)(1.23)(0.84)(3.18)(6.34)(9.04)(16.80)
Cash from financing(13.42)(15.66)(17.10)3.4113.719.87(6.20)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue48.8415.5289.5258.8122.0482.5710488.39
Revenue growth (YoY)+121.6%-81.2%-14.0%-33.5%-73.1%-27.3%--
Other income0.730.261.080.981.390.590.540.27
Total expenses44.0013.6882.3552.3718.8776.0295.5879.37
EBITDA4.841.847.176.443.176.558.489.02
EBITDA margin+9.9%+11.9%+8.0%+11.0%+14.4%+7.9%+8.1%+10.2%
Depreciation0.880.880.890.890.880.860.851.03
Interest1.921.982.293.501.982.181.973.61
Profit before tax2.77(0.76)5.073.031.704.106.204.65
Tax0.69(0.15)0.920.371.041.291.710.84

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue11587.2785.2382.8310164.2080.7135.38
Revenue growth (YoY)+14.1%+35.9%+5.6%+134.1%+26.0%---
Other income1.180.560.150.260.260.440.290.50
EBITDA11.097.748.477.728.957.538.035.67
EBITDA margin+9.6%+8.9%+9.9%+9.3%+8.8%+11.7%+9.9%+16.0%
Depreciation0.961.031.041.030.951.051.051.06
Interest4.552.593.122.632.893.593.442.31
Profit before tax6.764.684.464.325.373.333.832.80
Tax1.891.311.141.121.560.990.900.72
Net profit4.873.373.323.203.812.342.932.08
EPS (₹)0.006.156.085.847.104.445.794.09
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Revenue371281303255237151
Revenue growth+31.7%-7.2%+18.7%+7.6%+57.3%-
Other income2.121.331.120.641.880.79
Total expenses336251275229214134
Employee cost14.6713.4712.1112.0210.439.41
EBITDA35.0230.1828.3126.0423.0417.34
EBITDA margin+9.5%+10.7%+9.3%+10.2%+9.7%+11.5%
Depreciation4.064.113.623.292.892.60
Interest12.8612.059.027.987.245.03
Profit before tax20.2215.3516.7915.4114.7910.50
Tax5.444.174.434.063.483.20
Net profit14.8011.1612.3611.3711.327.30
Net profit margin+4.0%+4.0%+4.1%+4.5%+4.8%+4.8%
EPS (₹)26.9820.4224.3922.3922.3014.43
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Equity & liabilities
Share capital5.475.475.075.075.075.07
Reserves & surplus13712410694.4284.4874.71
Shareholders' funds (net worth)14313011199.4989.5579.78
Minority interest0.000.000.000.000.000.00
Secured loans80.9087.5572.8949.3231.2832.08
Unsecured loans11.757.6914.9014.4313.359.98
Total debt92.6595.2487.7963.7544.6342.06
Total liabilities236225199164134122
Assets
Gross block87.6385.8882.0374.2861.8947.49
Net block45.2547.0047.1642.7233.4922.36
Capital work in progress0.000.000.081.053.500.00
Investments0.000.000.000.000.000.00
Inventories17015097.6910310171.84
Sundry debtors10611191.0391.6891.4264.80
Cash & bank balances4.5511.436.3723.1711.1523.75
Loans & advances26.1927.4026.2920.3118.796.70
Total current assets307299221238223167
Total current liabilities13513383.7511712467.20
Net working capital17116613812198.3499.89
Total assets236225199164134122
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Opening cash11.436.3711.792.5214.314.26
Net cash from operating activities11.134.82(12.83)8.4511.136.60
Net cash from investing activities(0.91)(3.18)(6.34)(9.04)(16.72)(3.02)
Net cash from financing activities(17.11)3.4213.769.87(6.20)6.47
Net change in cash(6.88)5.06(5.42)9.27(11.79)10.05
Closing cash4.5511.436.3723.1711.1523.75
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Growth
Sales growth+31.7%-7.2%+18.7%+7.6%+57.3%-
EBITDA growth+16.0%+6.6%+8.7%+13.0%+32.9%-
PBT growth+31.7%-8.6%+9.0%+4.2%+40.9%+9997.0%
Net income growth+32.6%-9.7%+8.7%+0.4%+55.1%-
Revenue CAGR (3Y)+13.2%+5.8%+26.2%---
EBITDA CAGR (3Y)+10.4%+9.4%+17.8%---
Profitability & leverage
Net income margin+4.0%+4.0%+4.1%+4.4%+4.8%+4.8%
Return on capital employed+14.4%+12.9%+14.3%+15.7%+17.2%+12.7%
Return on net worth+10.8%+9.3%+11.8%+12.0%+13.4%+9.2%
Debt / equity0.690.760.720.570.510.53
Long-term debt / equity0.130.200.210.150.140.13
Interest cover41.5446.2236.5335.0835.9334.12
Efficiency & per share
Fixed asset turnover4.273.353.883.754.343.18
Inventory turnover2.322.283.022.492.742.10
Debtors turnover3.422.793.322.793.042.33
EPS (₹)26.9820.4224.3922.3922.3014.43
Dividend per share (₹)3.003.002.802.502.502.50
Book value per share (₹)260.91236.85218.13196.23176.61157.35
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue48.8415.5289.5258.8122.0482.5710488.39
Revenue growth (YoY)+121.6%-81.2%-14.0%-33.5%-73.1%-27.3%--
Other income0.730.261.080.981.390.590.540.27
Total expenses44.0013.6882.3552.3718.8776.0295.5879.37
EBITDA4.841.847.176.443.176.558.489.02
EBITDA margin+9.9%+11.9%+8.0%+11.0%+14.4%+7.9%+8.1%+10.2%
Depreciation0.880.880.890.890.880.860.851.03
Interest1.921.982.293.501.982.181.973.61
Profit before tax2.77(0.76)5.073.031.704.106.204.65
Tax0.69(0.15)0.920.371.041.291.710.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue253388371281303255237
Revenue growth-34.8%+4.6%+31.7%-7.2%+18.7%+7.6%-
Other income4.041.551.991.331.120.641.88
Total expenses230352336251275229214
Employee cost17.3416.0514.6713.4712.1112.0210.43
EBITDA23.3235.5735.0830.2028.3426.0623.04
EBITDA margin+9.2%+9.2%+9.5%+10.7%+9.4%+10.2%+9.7%
Depreciation3.513.924.064.113.623.292.89
Interest9.9511.3412.8612.059.027.987.24
Profit before tax13.9021.8620.1515.3716.8215.4314.79
Tax3.635.365.444.174.434.063.48
Net profit10.2416.5014.7311.1812.3911.3911.32
Net profit margin+4.1%+4.3%+4.0%+4.0%+4.1%+4.5%+4.8%
EPS (₹)18.7830.1826.8620.4524.4622.4222.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.475.475.475.475.075.075.07
Reserves & surplus16115213712410694.4384.47
Shareholders' funds (net worth)16615714313011199.5089.54
Secured loans59.1160.7880.9087.5572.8949.3231.28
Unsecured loans29.0229.1911.757.6914.9014.4313.35
Total debt88.1389.9792.6595.2487.7963.7544.63
Total liabilities255248236225199164134
Assets
Gross block94.3289.8887.6385.8882.0374.2861.89
Net block44.6643.5845.2547.0047.1642.7233.49
Capital work in progress2.810.430.000.000.081.053.50
Investments0.000.000.000.070.070.070.07
Inventories82.6711517015097.69103101
Sundry debtors10793.9810611191.0391.6891.42
Cash & bank balances33.8027.624.5511.296.2323.0310.99
Loans & advances19.1623.7540.7427.4026.2920.3118.79
Total current assets242260321299221238223
Total current liabilities41.0258.9113513383.75117124
Net working capital20120218616613712198.19
Total assets255248236225199164134
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash27.474.4111.156.2311.652.3614.31
Net cash from operating activities22.8039.9511.194.84(12.80)8.4611.05
Net cash from investing activities(3.19)(1.23)(0.84)(3.18)(6.34)(9.04)(16.80)
Net cash from financing activities(13.42)(15.66)(17.10)3.4113.719.87(6.20)
Net change in cash6.1823.07(6.74)5.07(5.43)9.29(11.94)
Closing cash33.8027.624.5511.296.2323.0310.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-34.8%+4.6%+31.7%-7.2%+18.7%+7.6%-
EBITDA growth-34.4%+1.4%+16.2%+6.6%+8.8%+13.1%-
PBT growth-36.4%+8.5%+31.1%-8.6%+9.0%+4.3%+40.9%
Net income growth-37.9%+12.0%+31.8%-9.8%+8.8%+0.6%-
Revenue CAGR (3Y)-3.5%+8.6%+13.2%+5.8%+26.2%+17.3%+20.4%
EBITDA CAGR (3Y)-8.3%+7.9%+10.4%+9.4%+17.8%+9.8%+9.9%
Profitability & leverage
Net income margin+4.1%+4.3%+4.0%+4.0%+4.1%+4.5%+4.8%
Return on capital employed+9.5%+13.7%+14.3%+12.9%+14.3%+15.7%+17.2%
Return on net worth+6.4%+11.0%+10.8%+9.3%+11.8%+12.0%+13.4%
Debt / equity0.550.610.690.760.720.570.51
Long-term debt / equity0.010.060.130.200.210.150.14
Interest cover50.2335.8341.4646.1936.4935.0535.93
Efficiency & per share
Fixed asset turnover2.754.374.273.353.883.754.34
Inventory turnover2.562.722.322.283.022.492.74
Debtors turnover2.523.873.422.793.322.793.04
EPS (₹)18.7830.1826.8620.4524.4622.4222.30
Dividend per share (₹)3.003.003.003.002.802.502.50
Book value per share (₹)303.66287.78260.91236.96218.21196.25176.60

To see the full year-wise statements and ratios of Patels Airtemp (India) Limited, buy the company report.

Board of directors of Patels Airtemp (India) Limited

Patels Airtemp (India) has 7 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Apurva Vinubhai ShahWhole-Time Director11 Aug 20188 Years 2 MonthsCurrent
Rajendrakumar Chaturbhai Patel
Also directs: Praveg Limited
Director10 Aug 20197 Years 2 MonthsCurrent
Shivang Prakashchandra Patel
Also directs: Shiv Fintrade LLP, Therm Flow Engineers Private Limited
Whole-Time Director01 Jun 20197 Years 5 MonthsCurrent
Vinaben Bhupendra PatelDirector30 Mar 201511 Years 7 MonthsCurrent
Sanjiv Narayanbhai Patel
Also directs: Shiv Fintrade LLP, Nirma Limited, Therm Flow Engineers Private Limited
Managing Director30 Sep 200917 Years 1 MonthsCurrent
Naimish Bhanuprasad Patel
Also directs: Dirr Management LLP, MNG Ferro Alloys Private Limited
Director12 Aug 20233 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Patels Airtemp (India) Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Almonard Private Limited₹396.82 Cr (FY 2025)11.0%Mumbai, Maharashtra, India
S2 Engineering Industry Private Limited₹390.52 Cr (FY 2025)25.0%Hyderabad, Telangana, India
Edgetech Air Systems Private Limited₹379.7 Cr (FY 2025)6.0%New Delhi, Delhi, India
Patels Airtemp (India) Limitedthis company₹252.93 Cr (FY 2026)₹10.24 Cr4%-34.8%194Ahmedabad, Gujarat, India

To see the full peer comparison of Patels Airtemp (India) Limited, buy the company report.

Auditor

Patels Airtemp (India) Limited is audited by PARIKH AND MAJMUDAR for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PARIKH AND MAJMUDARFY 2023107525W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 46.40%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 53.50%.

Promoters: 46.40%FII (Foreign Institutional): 0.10%Retail & Others: 53.50%
Mar 2026
QUARTER
46.40% Promoters
0.10% FII (Foreign Institutional)
53.50% Retail & Others
Promoter holding - history
Now 46.40% · Mar 2026High 46.40% · Jun 2025Low 46.40% · Jun 2025
45%45.8%46.5%47.3%48%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 46.40%Sep 2025: 46.40%Dec 2025: 46.40%Mar 2026: 46.40%46.40%46.40%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters46.40%46.40%46.40%46.40%
Public53.60%53.60%53.60%53.60%

Charges & borrowings

Open charges
₹293.45 Cr
Satisfied charges
₹57.45 Cr
Breakdown by lending institutions
Others₹260.30 Cr
Bank of Baroda₹29.90 Cr
Axis Bank Limited₹3.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
07 Jan 2022100527423Axis Bank Limited₹3.25 CrOpen
31 Dec 2021100522961Others₹10.92 CrOpen
17 Jan 201510543789Bank of Baroda₹6 CrOpen
29 Sep 201410526540Bank of Baroda₹70 LakhOpen
18 Jul 201210367325Bank of Baroda₹8.5 CrOpen

To see the full charge records of Patels Airtemp (India) Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Patels Airtemp (India) Limited has 93 deals on record (93 market trades); the latest was in September 2026.

Total deals
93
Market trades
93

Deals on record (5 of 93)

WhenDealAmountParties
May 2023Market trade₹1.18 CrSeller: Roha Asset Managers LLP
Oct 2021Market trade₹2.2 CrBuyer: Roha Asset Managers LLP
Sep 2019Market trade₹62.6 LakhBuyer: Rajasthan Global Securities Private Limited
Seller: an individual
Sep 2015Market trade₹71 LakhBuyer: Shiv Fintrade Private Limited
Seller: Madhuvan Iron Private Limited
Nov 2014Market trade₹96.8 LakhBuyer: Therm Flow Engineers Private Limited
Seller: an individual

To see the full deal history of Patels Airtemp (India) Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Patels Airtemp (India) Limited was last rated by Care on 28 Dec 2021.

Rating agencyRated onRating
Care28 Dec 2021

To see the full credit ratings and regulatory alerts of Patels Airtemp (India) Limited, buy the company report.

MSME payment delays

Patels Airtemp (India) Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 713 overdue payments to 58 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 58)

SupplierAmount dueDue sinceReported on
R D F Engineering Private Limited
M.K.Engimech Private Limited
an individual supplier
Neoseal Enginneering Private Limited
an individual supplier

To see the full MSME payment records of Patels Airtemp (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Patels Airtemp (India) Limited has a workforce of 194 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
194
Active EPFO establishments
1
Employee growth
-5.37%

GST

Patels Airtemp (India) has 5 GST registrations: 1 active and 4 cancelled or inactive.

Total GSTINs
5
Active
1
Cancelled / inactive
4
GSTINStateStatusRegistered on
24AABCP1375K1ZFGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Patels Airtemp (India) Limited, buy the company report.

Recent activity

Patels Airtemp (India) Limited has 24 board changes on record since 2007: 7 appointments and 17 cessations. The latest: Nidhi Yash Patel was appointed as Director on 29 Mar 2025.

Filing
Patels Airtemp (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Patels Airtemp (India) Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 249.38 Cr registered on 15 Apr 2004 with Charge ID 90103556 was modified on 28 Jul 2025.
Appointed
Nidhi Yash Patel was appointed as Director.
Ceased
Hareshkumar Ishwarlal Shah ceased to be Director.
Appointed
Naimish Bhanuprasad Patel was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 3.25 Cr registered on 07 Jan 2022 with Charge ID 100527423 was modified on 02 Mar 2022.
Charges
A charge with Others of Rs. 10.92 Cr registered on 31 Dec 2021 with Charge ID 100522961 was modified on 02 Mar 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.25 Cr with Charge ID 100527423 was registered on 07 Jan 2022.
Charges
A charge with Others amounted to Rs. 10.92 Cr with Charge ID 100522961 was registered on 31 Dec 2021.
Ceased
Narendra Gopalbhai Patel ceased to be Whole-Time Director.
Ceased
Vinodrai Desai ceased to be Director.

40 earlier events are in the company report.

News

Patels Airtemp (India) to discuss results
02 Feb 2025 · India Infoline

Frequently asked questions

Patels Airtemp (India) is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 10 June 1992 (34+ years old) and is registered under CIN L29190GJ1992PLC017801. Listed on BSE: 517417.

Patels Airtemp (India) reported revenue of ₹252.93 Cr for FY 2025-26 (down 34.8% YoY) based on standalone financials.

Patels Airtemp (India) has 7 current directors:

The latest financial statements of Patels Airtemp (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Patels Airtemp (India) is 24AABCP1375K1ZF, registered in Gujarat. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.

The CIN (Corporate Identification Number) of Patels Airtemp (India) is L29190GJ1992PLC017801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Patels Airtemp (India) is a listed company as per MCA records. Its shares are listed on BSE (code: 517417).

Patels Airtemp (India) has 33 court cases on record: 17 filed by the company and 16 filed against it. 2 are pending. Most are in the district courts.

Patels Airtemp (India) was incorporated on 10 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Patels Airtemp (India) has 93 deals on record (93 market trades); the latest was in September 2026.

The peers of Patels Airtemp (India) by revenue are Almonard Private Limited, S2 Engineering Industry Private Limited, Edgetech Air Systems Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Nidhi Yash Patel was appointed as Director on 29 Mar 2025. Hareshkumar Ishwarlal Shah ceased to be Director on 30 Aug 2024. Naimish Bhanuprasad Patel was appointed as Director on 12 Aug 2023. Patels Airtemp (India) has 24 board changes on record in total.