ATAM

Atam Valves Limited

Industrial valves, fittings, steam traps and strainers

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

atamvalves.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹52.89
Market cap
61 Cr
Stock P/E
33.4
P/B
1.59
Dividend yield
1.6%
ROE (FY26)
6.3%
ROCE (FY26)
8.2%
Operating margin (FY26)
9.1%
Debt / equity (FY26)
0.39
OCF / EBITDA (FY26)
9.4%
OCF / EBITDA (3Y)
-2.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Atam Valves makes industrial and plumbing valves and fittings at its Jalandhar, Punjab plant, selling to industries such as oil and gas, chemicals and HVAC (heating, ventilation and air conditioning); it was formerly Atamvalves Pvt. Ltd. and describes itself as established in 1985 (Q4 FY26 investor presentation, May 2026).

Company snapshot

67thBy market cap

Ranked among 69 companies in Industrial Products.

What we see

Positives
  • ✓Dividend payout of 40% — the company returns a meaningful share of profits to shareholders.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales13 Cr12 Cr17 Cr11 Cr17 Cr17 Cr15 Cr12 Cr11 Cr10 Cr13 Cr12 Cr
Operating expenses (approx.)10 Cr10 Cr13 Cr10 Cr14 Cr15 Cr11 Cr10 Cr10 Cr11 Cr12 Cr11 Cr
EBITDA2 Cr2 Cr4 Cr1 Cr3 Cr3 Cr3 Cr2 Cr2 Cr-0.34 Cr2 Cr1 Cr
OPM %18.7%15.7%23.1%12.8%15.5%14.6%22.5%16.8%14.0%-3.3%12.2%8.8%
Other income0.0023 Cr0.0030 Cr0.02 Cr0.01 Cr0.03 Cr0.0044 Cr0.02 Cr0.0042 Cr0.0028 Cr0.0052 Cr0.0017 Cr0.19 Cr
Interest0.37 Cr0.29 Cr0.25 Cr0.10 Cr0.23 Cr0.26 Cr0.28 Cr0.27 Cr0.25 Cr0.25 Cr0.26 Cr0.30 Cr
Depreciation0.17 Cr0.17 Cr0.15 Cr0.14 Cr0.15 Cr0.16 Cr0.18 Cr0.15 Cr0.15 Cr0.16 Cr0.15 Cr0.12 Cr
Profit before tax2 Cr1 Cr4 Cr1 Cr2 Cr2 Cr3 Cr2 Cr1 Cr-0.75 Cr1 Cr0.85 Cr
Tax %28.5%31.9%25.5%25.2%26.9%25.9%25.9%25.2%25.0%23.2%27.7%25.2%
Net profit1 Cr0.99 Cr3 Cr0.93 Cr2 Cr2 Cr2 Cr1 Cr0.90 Cr-0.58 Cr0.86 Cr0.64 Cr
EPS (₹)₹1.25₹0.89₹2.34₹0.81₹1.45₹1.37₹1.86₹1.08₹0.78₹-0.50₹0.75₹0.55

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales18 Cr20 Cr49 Cr53 Cr61 Cr47 CrSign in free for the trailing twelve months
Operating expenses (approx.)16 Cr17 Cr38 Cr43 Cr51 Cr42 CrSign in free for the trailing twelve months
EBITDA2 Cr3 Cr11 Cr10 Cr10 Cr5 CrSign in free for the trailing twelve months
OPM %13.1%15.5%22.3%18.6%16.5%10.4%Sign in free for the trailing twelve months
Other income0.03 Cr0.09 Cr0.24 Cr0.03 Cr0.07 Cr0.01 CrSign in free for the trailing twelve months
Interest0.56 Cr0.39 Cr0.40 Cr1 Cr0.88 Cr1 CrSign in free for the trailing twelve months
Depreciation0.65 Cr0.84 Cr0.72 Cr0.65 Cr0.63 Cr0.61 CrSign in free for the trailing twelve months
Profit before tax1 Cr2 Cr10 Cr8 Cr9 Cr3 CrSign in free for the trailing twelve months
Tax %28.2%27.6%23.6%27.4%26.1%26.5%Sign in free for the trailing twelve months
Net profit0.87 Cr1 Cr8 Cr6 Cr6 Cr2 CrSign in free for the trailing twelve months
EPS (₹)₹2.46₹3.52₹7.67₹5.21₹5.50₹2.11Sign in free for the trailing twelve months
Dividend payout %0.0%28.4%12.2%27.0%13.6%40.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital4 Cr4 Cr11 Cr11 Cr11 Cr11 Cr
Reserves6 Cr7 Cr14 Cr20 Cr25 Cr27 Cr
Borrowings——7 Cr13 Cr12 Cr15 Cr
Other liabilities8 Cr9 Cr6 Cr6 Cr6 Cr5 Cr
Total liabilities18 Cr20 Cr38 Cr50 Cr54 Cr58 Cr
Fixed assets (net)3 Cr3 Cr3 Cr2 Cr3 Cr2 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr
Investments0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories8 Cr10 Cr14 Cr21 Cr28 Cr32 Cr
Trade receivables5 Cr6 Cr20 Cr14 Cr22 Cr16 Cr
Cash & bank0.01 Cr0.18 Cr0.07 Cr10 Cr0.02 Cr1 Cr
Other assets1 Cr0.83 Cr2 Cr2 Cr2 Cr7 Cr
Total assets18 Cr20 Cr38 Cr50 Cr54 Cr58 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity2 Cr0.03 Cr-7 Cr6 Cr-7 Cr0.46 Cr
Cash from investing-1 Cr-0.03 Cr-0.25 Cr-0.59 Cr-0.90 Cr-0.07 Cr
Cash from financing-0.25 Cr0.01 Cr7 Cr5 Cr-3 Cr0.85 Cr
Net cash flow0.0057 Cr0.02 Cr0.03 Cr10 Cr-10 Cr1 Cr
Free cash flow (OCF − Capex)0.14 Cr-0.09 Cr-8 Cr5 Cr-8 Cr0.05 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.8%21.8%32.4%20.9%19.4%8.2%
ROE %8.8%13.2%30.7%18.8%17.3%6.3%
Debtor days102102148100132124
Inventory days365350176224246340
Days payable——33242525
Cash conversion cycle467452291300353438
OCF / EBITDA %72.6%1.1%-65.4%57.0%-66.1%9.4%
OCF / EBITDA % (3 years)——-32.6%-6.4%-26.5%-2.2%
Debt / equity0.00460.00490.290.410.330.39
Current ratio2.702.592.882.613.112.88
Net debt / EBITDA-0.0055-0.060.650.291.192.74