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Last Updated: April 2, 2026, 4:10 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500028 | NSE: ATVPR

ATV Projects India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹26.83Overvalued by 18.20%vs CMP ₹32.80

P/E (22.8) × ROE (3.7%) × BV (₹39.40) × DY (2.00%)

₹19.13Overvalued by 41.68%vs CMP ₹32.80
MoS: -71.5% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹26.5822%Over (-19%)
Graham NumberEarnings₹35.7316%Fair (+8.9%)
Earnings PowerEarnings₹3.1113%Over (-90.5%)
DCFCash Flow₹8.6213%Over (-73.7%)
Net Asset ValueAssets₹39.487%Under (+20.4%)
EV/EBITDAEnterprise₹12.929%Over (-60.6%)
Earnings YieldEarnings₹14.407%Over (-56.1%)
ROCE CapitalReturns₹4.727%Over (-85.6%)
Revenue MultipleRevenue₹13.305%Over (-59.5%)
Consensus (9 models)₹19.13100%Overvalued
Key Drivers: ROE 3.7% is below cost of equity. | Wide model spread (₹3–₹39) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -0.9%

*Investments are subject to market risks

Investment Snapshot

48
ATV Projects India Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 3.0% WeakROE 3.7% WeakD/E 0.33 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 27.0% Stable
Earnings Quality40/100 · Moderate
OPM stable around 12% SteadyWorking capital: 179 days Capital intensive
Quarterly Momentum43/100 · Moderate
Revenue (4Q): -9% YoY DecliningProfit (4Q): +21% YoY Positive
Industry Rank55/100 · Moderate
P/E 22.8 vs industry 37.1 Cheaper than peersROCE 3.0% vs industry 15.8% Below peersROE 3.7% vs industry 13.1% Below peers3Y sales CAGR: 29% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:10 am

Market Cap 174 Cr.
Current Price 32.8
Intrinsic Value₹19.13
High / Low 44.8/28.0
Stock P/E22.8
Book Value 39.4
Dividend Yield0.00 %
ROCE2.96 %
ROE3.66 %
Face Value 10.0
PEG Ratio-24.13

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for ATV Projects India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ATV Projects India Ltd 174 Cr. 32.8 44.8/28.022.8 39.40.00 %2.96 %3.66 % 10.0
Lakshmi Engineering & Warehousing Ltd 137 Cr. 2,050 2,787/1,68199.4 3280.49 %5.84 %4.01 % 100
TRF Ltd 255 Cr. 232 450/21214.8 77.30.00 %21.8 %% 10.0
Integra Engineering India Ltd 464 Cr. 135 280/11828.8 30.20.00 %24.4 %21.5 % 1.00
Gujarat Apollo Industries Ltd 524 Cr. 404 556/312 3790.50 %1.31 %0.16 % 10.0
Industry Average9,009.11 Cr1,209.8537.05295.050.38%15.76%13.09%8.88

All Competitor Stocks of ATV Projects India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 13.5213.6413.9116.6811.7319.2019.8317.2815.6717.7815.2613.9518.35
Expenses 12.7611.3411.6514.7610.2617.4217.9815.5313.8115.5513.0412.2316.47
Operating Profit 0.762.302.261.921.471.781.851.751.862.232.221.721.88
OPM % 5.62%16.86%16.25%11.51%12.53%9.27%9.33%10.13%11.87%12.54%14.55%12.33%10.25%
Other Income 0.010.020.030.030.010.040.010.040.070.620.050.010.02
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.02
Depreciation 0.240.610.280.280.280.300.290.230.270.280.270.260.28
Profit before tax 0.531.712.011.671.201.521.571.561.662.572.001.471.60
Tax % -1.89%-3.51%-1.00%-1.20%-1.67%0.00%-1.27%0.00%-0.60%-0.39%-0.50%0.00%-0.62%
Net Profit 0.531.772.031.691.221.521.601.561.672.572.011.471.61
EPS in Rs 0.100.330.380.320.230.290.300.290.310.480.380.280.30

Last Updated: March 3, 2026, 12:06 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:30 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 56.0162.7676.3359.7854.4040.8437.7433.8132.5047.8061.5370.5765.34
Expenses 54.2194.6764.8354.6852.9937.9034.0730.2329.4842.9454.0762.8757.29
Operating Profit 1.80-31.9111.505.101.412.943.673.583.024.867.467.708.05
OPM % 3.21%-50.84%15.07%8.53%2.59%7.20%9.72%10.59%9.29%10.17%12.12%10.91%12.32%
Other Income 0.8781.24-4.06146.9537.58-5.500.064.704.871.450.100.740.70
Interest 0.0012.750.000.000.000.000.020.010.010.010.010.010.02
Depreciation 0.950.220.440.660.561.020.920.860.911.311.141.071.09
Profit before tax 1.7236.367.00151.3938.43-3.582.797.416.974.996.417.367.64
Tax % 0.00%0.00%0.00%0.07%-0.05%1.68%12.19%6.61%-14.78%-1.60%-0.78%-0.54%
Net Profit 1.7236.366.99151.2738.44-3.642.456.918.005.086.467.407.66
EPS in Rs 0.326.851.3228.487.24-0.690.461.301.510.961.221.391.44
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)2013.95%-80.78%2064.09%-74.59%-109.47%167.31%182.04%15.77%-36.50%27.17%14.55%
Change in YoY Net Profit Growth (%)0.00%-2094.73%2144.87%-2138.68%-34.88%276.78%14.73%-166.27%-52.27%63.67%-12.61%

ATV Projects India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:13%
3 Years:29%
TTM:-2%
Compounded Profit Growth
10 Years:12%
5 Years:25%
3 Years:31%
TTM:30%
Stock Price CAGR
10 Years:18%
5 Years:58%
3 Years:58%
1 Year:9%
Return on Equity
10 Years:%
5 Years:2%
3 Years:3%
Last Year:4%

Last Updated: September 5, 2025, 2:31 pm

Balance Sheet

Last Updated: December 10, 2025, 3:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 52.5652.5652.5652.5652.5652.5652.5652.5652.5652.5652.5652.5652.56
Reserves -290.21-201.68-194.6957.14126.14127.09129.54130.86134.47139.55146.00153.41156.89
Borrowings 487.38409.86401.74126.2976.6169.8162.1662.1054.3354.4950.6042.6736.72
Other Liabilities 21.3718.0218.6516.7723.2019.6215.3616.3922.0120.9918.2410.7129.15
Total Liabilities 271.10278.76278.26252.76278.51269.08259.62261.91263.37267.59267.40259.35275.32
Fixed Assets 224.57224.70220.48179.66217.14222.12221.36216.43213.88213.95214.05213.46213.94
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 46.5354.0657.7873.1061.3746.9638.2645.4849.4953.6453.3545.8961.38
Total Assets 271.10278.76278.26252.76278.51269.08259.62261.91263.37267.59267.40259.35275.32

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2.76-8.3910.85-14.1020.573.719.03-4.814.93-0.947.395.85
Cash from Investing Activity + -0.890.29-2.7714.3233.31-1.30-0.103.712.331.43-1.140.26
Cash from Financing Activity + -1.758.53-8.12-0.14-49.67-6.81-7.67-0.07-7.790.15-3.91-7.93
Net Cash Flow 0.120.43-0.050.074.20-4.401.26-1.17-0.520.642.34-1.81
Free Cash Flow 2.69-8.637.52-0.4353.632.288.88-1.416.63-0.966.155.37
CFO/OP 153%26%94%-276%1,459%126%246%-134%163%-19%99%76%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-485.58-441.77-390.24-121.19-75.20-66.87-58.49-58.52-51.31-49.63-43.14-34.97

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 111.70166.45183.38286.72220.1456.7545.9475.6839.4247.3442.4768.17
Inventory Days 119.5565.6968.9687.3494.85296.20349.66382.44707.13433.77334.32166.46
Days Payable 96.4967.4098.5053.3026.9433.2935.5047.9090.1447.8516.4836.37
Cash Conversion Cycle 134.76164.74153.84320.76288.05319.66360.10410.21656.41433.26360.31198.25
Working Capital Days -394.33197.50177.31326.66208.73220.93215.09314.58320.75250.69194.69178.70
ROCE %0.69%5.97%5.42%2.07%1.13%0.81%1.14%1.22%0.94%1.49%2.59%2.96%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 27.13%27.13%27.13%27.13%27.13%26.95%26.95%26.95%26.95%26.95%26.95%26.95%
DIIs 2.96%2.96%2.96%2.96%2.48%2.48%2.45%2.43%2.34%2.34%2.34%2.34%
Public 69.90%69.91%69.90%69.91%70.39%70.57%70.60%70.62%70.71%70.71%70.71%70.70%
No. of Shareholders 1,25,4201,25,2371,25,1691,24,9271,25,3171,24,7121,24,1121,26,5611,26,5481,25,9791,25,3501,24,535

Shareholding Pattern Chart

No. of Shareholders

ATV Projects India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.391.220.961.511.30
Diluted EPS (Rs.) 1.391.220.961.511.30
Cash EPS (Rs.) 1.611.451.211.701.48
Book Value[Excl.RevalReserv]/Share (Rs.) 39.1937.7836.5535.5934.90
Book Value[Incl.RevalReserv]/Share (Rs.) 39.1937.7836.5535.5934.90
Revenue From Operations / Share (Rs.) 13.4311.719.106.186.43
PBDIT / Share (Rs.) 1.611.441.200.690.73
PBIT / Share (Rs.) 1.401.220.950.520.57
PBT / Share (Rs.) 1.401.220.951.331.41
Net Profit / Share (Rs.) 1.411.230.961.521.31
PBDIT Margin (%) 11.9512.2813.2111.2111.49
PBIT Margin (%) 10.4310.4210.478.418.96
PBT Margin (%) 10.4210.4010.4521.4321.91
Net Profit Margin (%) 10.4810.4910.6124.6120.44
Return on Networth / Equity (%) 3.593.252.644.273.76
Return on Capital Employeed (%) 2.942.552.011.121.22
Return On Assets (%) 2.852.411.893.032.63
Long Term Debt / Equity (X) 0.200.250.280.290.33
Total Debt / Equity (X) 0.200.250.280.290.33
Asset Turnover Ratio (%) 0.260.230.180.120.13
Current Ratio (X) 5.053.202.762.443.07
Quick Ratio (X) 2.691.150.950.841.75
Inventory Turnover Ratio (X) 2.581.091.080.730.82
Interest Coverage Ratio (X) 1297.72755.63579.34387.73308.40
Interest Coverage Ratio (Post Tax) (X) 1139.65646.69466.61400.68200.94
Enterprise Value (Cr.) 207.74129.9290.43105.9983.08
EV / Net Operating Revenue (X) 2.942.111.893.262.46
EV / EBITDA (X) 24.6317.1914.3229.0821.38
MarketCap / Net Operating Revenue (X) 2.361.340.771.600.64
Price / BV (X) 0.800.410.190.270.11
Price / Net Operating Revenue (X) 2.361.340.771.600.64
EarningsYield 0.040.070.130.150.31

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

ATV Projects India Ltd. is a Public Limited Listed company incorporated on 26/02/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1987PLC042719 and registration number is 042719. Currently Company is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company's Total Operating Revenue is Rs. 70.57 Cr. and Equity Capital is Rs. 52.56 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - Heavy1201, 12th Floor, Wind Fall Building, Mumbai Maharashtra 400059Contact not found
Management
NamePosition Held
Mr. M V ChaturvediChairman
Mr. Arun Kumar SharmaWhole Time Director
Mr. H C GuptaDirector
Mrs. Deepa Shridhar RaiIndependent Director
Mr. K S NalwayaIndependent Director
Mrs. Payal Bharat SanghaviIndependent Director

FAQ

What is the intrinsic value of ATV Projects India Ltd and is it undervalued?

As of 16 April 2026, ATV Projects India Ltd's intrinsic value is ₹19.13, which is 41.68% lower than the current market price of ₹32.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.66 %), book value (₹39.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ATV Projects India Ltd?

ATV Projects India Ltd is trading at ₹32.80 as of 16 April 2026, with a FY2026-2027 high of ₹44.8 and low of ₹28.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹174 Cr..

How does ATV Projects India Ltd's P/E ratio compare to its industry?

ATV Projects India Ltd has a P/E ratio of 22.8, which is below the industry average of 37.05. This is broadly in line with or below the industry average.

Is ATV Projects India Ltd financially healthy?

Key indicators for ATV Projects India Ltd: ROCE of 2.96 % is on the lower side compared to the industry average of 15.76%; ROE of 3.66 % is below ideal levels (industry average: 13.09%). Dividend yield is 0.00 %.

Is ATV Projects India Ltd profitable and how is the profit trend?

ATV Projects India Ltd reported a net profit of ₹7 Cr in Mar 2025 on revenue of ₹71 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows a declining trend.

Does ATV Projects India Ltd pay dividends?

ATV Projects India Ltd has a dividend yield of 0.00 % at the current price of ₹32.80. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ATV Projects India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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