Company Overview
Patels Airtemp (India) Limited reported its financial results for FY 2025-26 alongside notice of its 34th Annual General Meeting. The company operates in the capital goods/industrials sector and faced significant financial headwinds during the fiscal year.
Financial Performance
Revenue from operations declined 34.8% to ₹252.93 crore in FY26 from ₹387.82 crore in FY25, with net profit decreasing 37.8% to ₹10.27 crore from ₹16.51 crore. Basic EPS fell to ₹18.78 from ₹30.18. The company maintained a net profit ratio of 4.06% despite the challenging environment.
Cost structure analysis shows material costs of ₹116.38 crore, employee benefits of ₹17.34 crore, and finance costs of ₹9.95 crore. Total borrowings stood at ₹88.14 crore, comprising secured working capital facilities (₹58.38 crore), unsecured loans from related parties (₹12.78 crore), and working capital demand loan from JIO Finance (₹16.24 crore).
34th Annual General Meeting
Scheduled for 14th September 2026 via video conferencing, the AGM agenda includes adoption of financial statements, declaration of ₹3.00 per share dividend (30%), re-appointment of Mr. Shivang P. Patel as director, and ratification of cost auditor remuneration at ₹80,000 plus taxes for FY27.
Corporate Developments & Order Book
The company reported a confirmed order book of ₹295 crore as of 1st August 2026. Capital expenditure of ₹4.67 crore was incurred during FY26, including construction of an additional bay at Dudhai Unit with 350 MT capacity and replacement of cement roofing at Rakanpur Unit.
Financial Position & Security Arrangements
Working capital facilities from Bank of Baroda and Axis Bank are secured by hypothecation of inventory and receivables, first pari passu charge on plant & machinery, equitable mortgage of multiple properties, and personal guarantees of directors. The company maintains a current ratio of 1.88 times and debt-equity ratio of 0.53 times.
Regulatory Compliance & Governance
The financial statements were approved by the board on 30th May 2026. The company confirmed compliance with SEBI regulations, with no willful default, benami transactions, or crypto currency investments. Emphasis of matter in audit report noted pending balance confirmations from suppliers and customers.
Related Party Transactions & Management
Key management personnel include Sanjivkumar N. Patel (Chairman & MD), Apurva V. Shah, and Shivang P. Patel (Whole-time Directors). Managerial remuneration totaled ₹183.65 lakhs, with unsecured loans from directors and relatives amounting to ₹127.85 crore outstanding as of March 2026.
Dividend & Shareholder Information
Recommended dividend of ₹3.00 per share represents a 30% payout with record date of 21st August 2026. The company has 10,349 shareholders with 99.06% demat holding. Registrar and Transfer Agent is Bigshare Services Private Limited.