Just Buy and hold PATELS AIRTEMP (I) LTD because Maruti will take some part of this company because of company business and valuation. Company is very Valuable at 50/- Book Value 89/-Good Dividend Yielding and Good Net Profits and EPS and Company having land near mehsana gujarat and some big rumors is Maruti will take some part of this company value is very high. Just buy and hold till 99/- to 150/- levels soon.

Equity : 5 Cr
Promoters Holding : 38% ;
Financial Institutions and Banks 10%;
Body Corporate and NRI's : 5%;
Public Only 55%
Face Value : 10/-
EPS : 11.5/- for 2011-12 and 2012-13 Expecting 19/- as per the Order Book.
Book Value: 85/-
Every Year Dividend Paying company.
Dividend History :
2012 --- 20%; 2011 --- 20%; 2010 --- 20%; 2009 --- 18%; 2008 --- 10%
Dividend Yielding per Year 5.5%

Maruti Suzuki planning to take some part of this company PATELS AIRTEMP (I) LTD because y because of company business and valuation. Company is very Valuable at 50/- Book Value 85/-Good Dividend Yielding and Good Net Profits and EPS and Company having land near Mehsana Gujarat. Just buy and hold till 99/- to 150/- levels soon.

PATELS AIRTEMP (I) LTD Having Good Land Bank and Valuable Assets.
PATELS AIRTEMP (I) LTD Expanding plans is very Aggressive.
PATELS AIRTEMP (I) LTD Stock Will go 75/- to 95/- range in Short term and Medium Term., Like SE Investment (Call Given at 175/- Now including Bonus and Stock split 1250/-) and Bihar Tubes Ltd (Call Given at 57/- Now 165/-).
For 2011-12 Year Net Income of 70 Cr and Net Profit was 5.36 Cr EPS 11/-
For 2012-13 Full Year Estimating Net Income of 97 Cr and Net Profit of 9 Cr As per this EPS was 18/- above. Stock Trading at 50/- PE just 3 Industry PE is 12. As per this Stock will zoom to 150/- levels in 6 Months to 1 Year Time.
Buzz is that company's Order Book in current fiscal Fy2012 is over Rs 1 billion.

Given its low debt-equity ratio of 0.35:1, a dividend yield of 5.75% and a healthy ROE of 32% , the stock`s valuations appear to be quite attractive.

Whilst the company has a robust business model that can only get better when huge investments are made in the Oil and Gas sector

Patels Airtemp was incorporated in 1973. It fused technical expertise with innovative to achieve a remarkable growth and an efficacious nationwide presence. The growth saga was further strengthened in 1993, when it became a Limited entity and thus was born, Patels Airtemp (India) Limited.
PAT was the result of the conscious and dedicated efforts of a team of committed Engineers and Promoter - Directors. As experienced of over three decades in the field of design and manufacturing was instrumental in its upbringing. Today, PAT stands proudly as one of the leading manufacturers of high quality engineering products.

The Success in attaining its strategic objective of nationwide presence was made possible due to the expansion and diversification policies.

The journey began with a single manufacturing unit in 1973, and presently the company has two manufacturing units - both equipped with stat-of-the-art production facilities. Expansion facilitated PAT to concentrateon a much wider range of products that include:

The company is one of the leading manufacturers of high quality engineering products. The Company is engaged in the manufacturing of equipments like ASME'U' Stamp Vessels & Heat Exchangers, Pressure Vessels, Columns Shell & Heat Exchanger, Finned Tube Heat Exchanger, Air Cooled Heat Exchanger Ventilation Units, Exhaust Air Units, Refrigeration & HVACE equipments, HVAC Systems and Ventilation & Air Washer Plants which are supplied to leading Refineries, Steel, Copper, Aluminum & Automobile Plant, Fertilizers & Chemicals Plants, Textiles and Paper Industries, Refrigeration & Air Conditioning Units, etc.
All these products cater to a broad spectrum of clientele. Spread over 45,000 squares meter of land with a covered area of 6,100 square meters; PAT has attained a key position as one of the leading suppliers to the core industrial sectors like -
Power projects, Refineries, Fertilizers, Cements, Petrochemicals , Pharmaceuticals, Textile, Chemical, Engineering etc.

Management quality:

The promoters seem to be smart and have been buying shares when undervalued and selling when overvalued. Their stake is around 37% which reduced to 34% during 2008 and has again increased to 37% now. They have been giving earning guidance in their annual report which they have met every year. They have been candid in admitting why certain years their profits were low (Gujarat earthquake was one, High interest rate to temporary high periods of debt was another). All in all I am kind of comfortable with the management.
Valuation:
The company does seem undervalued significantly based on even conservative measures.
Market Cap: 25 crores
Sales: 70 crores
Profits: 5.75 crores
Last 3 year average profits: 5 crores
P/E: 5.xx
Avarge PE for this Industry is 12/-
As per this stock Valuation is up to 150/-

It seems that the business can run on very less capital. They have not diluted equity in the last 15 years nor have the run on high debt. Their average 10 year debt equity ratio has been 0.7 with latest being 0.29. They have been repaying back debt with the FCF generated. However as highlighted before they must be investing in enhancing their capacity to maintain their growth. This would reduce the asset turnover and hence ROA.