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

As of 07 September 2026, ATV Projects India Ltd's intrinsic value is 20.74, which is 27.23% lower than the current market price of 28.50, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (3.42 %), book value (40.1), 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 28.50 as of 07 September 2026, with a FY2026-2027 high of 44.4 and low of 21.6. The stock is currently in the middle of its 52-week range. Market cap stands at 151 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 21.1, which is below the industry average of 93.88. Trading at a steep discount to peers could signal a value opportunity.

Is ATV Projects India Ltd financially healthy?

Key indicators: ROCE of 2.87 % is on the lower side. 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 28.50. The company is currently not paying meaningful dividends.

ATV Projects India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹23.61Overvalued by 17.16%vs CMP ₹28.50

P/E (21.1) × ROE (3.4%) × BV (₹40.10) × DY (2.00%)

₹20.74Overvalued by 27.23%vs CMP ₹28.50

MoS: -37.4% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹23.39	26%	Over (-17.9%)
Graham Number	Earnings	₹36.04	19%	Under (+26.5%)
Earnings Power	Earnings	₹10.05	15%	Over (-64.7%)
DCF	Cash Flow	₹15.56	15%	Over (-45.4%)
EV/EBITDA	Enterprise	₹19.86	10%	Over (-30.3%)
Earnings Yield	Earnings	₹14.40	8%	Over (-49.5%)
Revenue Multiple	Revenue	₹13.32	6%	Over (-53.3%)
Consensus (7 models)		₹20.74	100%	Overvalued

Key Drivers: ROE 3.4% is below cost of equity.

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

Analyst Summary

ATV Projects India Ltd operates in the Engineering - Heavy segment, NSE: ATVPR | BSE: 500028, current market price is ₹28.50, market cap is 151 Cr.. At a glance, stock P/E is 21.1, ROE is 3.42 %, ROCE is 2.87 %, book value is 40.1, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹20.74, around 27.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹71 Cr versus the prior period change of 14.7%, while latest net profit is about ₹7 Cr with a prior-period change of 14.6%. The 52-week range shown on this page is 44.4/21.6, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisATV 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) i…

This summary is generated from the stock page data available for ATV Projects India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

ATV Projects India Ltd scores 45/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health45/100 · Moderate

ROCE 2.9% WeakROE 3.4% WeakD/E 0.33 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

Promoter holding at 26.8% 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 21.1 vs industry 99.9 Cheaper than peersROCE 2.9% vs industry 14.2% Below peersROE 3.4% vs industry 11.9% 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 9:27 am

Market Cap	151 Cr.
Current Price	28.5
Intrinsic Value	₹20.74
High / Low	44.4/21.6
Stock P/E	21.1
Book Value	40.1
Dividend Yield	0.00 %
ROCE	2.87 %
ROE	3.42 %
Face Value	10.0
PEG Ratio	-22.33

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

Stock P/E Current Price Intrinsic Value

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	151 Cr.	28.5	44.4/21.6	21.1	40.1	0.00 %	2.87 %	3.42 %	10.0
Lakshmi Engineering & Warehousing Ltd	140 Cr.	2,100	2,580/1,681	69.2	340	0.48 %	11.5 %	7.41 %	100
Indian Card Clothing Company Ltd	123 Cr.	206	323/153	17.8	577	0.00 %	2.01 %	1.34 %	10.0
TRF Ltd	253 Cr.	230	410/212	48.3	307	0.00 %	9.42 %	%	10.0
Gujarat Apollo Industries Ltd	453 Cr.	349	556/300	80.8	391	0.57 %	1.82 %	1.19 %	10.0
Industry Average	12,006.38 Cr	1,557.08		99.94	308.02	0.30%	14.15%	11.87%	8.85

All Competitor Stocks of ATV Projects India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	13.52	13.64	13.91	16.68	11.73	19.20	19.83	17.28	15.67	17.78	15.26	13.95	18.35
Expenses	12.76	11.34	11.65	14.76	10.26	17.42	17.98	15.53	13.81	15.55	13.04	12.23	16.47
Operating Profit	0.76	2.30	2.26	1.92	1.47	1.78	1.85	1.75	1.86	2.23	2.22	1.72	1.88
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	0.01	0.02	0.03	0.03	0.01	0.04	0.01	0.04	0.07	0.62	0.05	0.01	0.02
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Depreciation	0.24	0.61	0.28	0.28	0.28	0.30	0.29	0.23	0.27	0.28	0.27	0.26	0.28
Profit before tax	0.53	1.71	2.01	1.67	1.20	1.52	1.57	1.56	1.66	2.57	2.00	1.47	1.60
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	0.53	1.77	2.03	1.69	1.22	1.52	1.60	1.56	1.67	2.57	2.01	1.47	1.61
EPS in Rs	0.10	0.33	0.38	0.32	0.23	0.29	0.30	0.29	0.31	0.48	0.38	0.28	0.30

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	56.01	62.76	76.33	59.78	54.40	40.84	37.74	33.81	32.50	47.80	61.53	70.57	65.34
Expenses	54.21	94.67	64.83	54.68	52.99	37.90	34.07	30.23	29.48	42.94	54.07	62.87	57.29
Operating Profit	1.80	-31.91	11.50	5.10	1.41	2.94	3.67	3.58	3.02	4.86	7.46	7.70	8.05
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	0.87	81.24	-4.06	146.95	37.58	-5.50	0.06	4.70	4.87	1.45	0.10	0.74	0.70
Interest	0.00	12.75	0.00	0.00	0.00	0.00	0.02	0.01	0.01	0.01	0.01	0.01	0.02
Depreciation	0.95	0.22	0.44	0.66	0.56	1.02	0.92	0.86	0.91	1.31	1.14	1.07	1.09
Profit before tax	1.72	36.36	7.00	151.39	38.43	-3.58	2.79	7.41	6.97	4.99	6.41	7.36	7.64
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	1.72	36.36	6.99	151.27	38.44	-3.64	2.45	6.91	8.00	5.08	6.46	7.40	7.66
EPS in Rs	0.32	6.85	1.32	28.48	7.24	-0.69	0.46	1.30	1.51	0.96	1.22	1.39	1.44
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

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-8.39	10.85	-14.10	20.57	3.71	9.03	-4.81	4.93	-0.94	7.39	5.85	12.72
Cash from Investing Activity +	0.29	-2.77	14.32	33.31	-1.30	-0.10	3.71	2.33	1.43	-1.14	0.26	-1.22
Cash from Financing Activity +	8.53	-8.12	-0.14	-49.67	-6.81	-7.67	-0.07	-7.79	0.15	-3.91	-7.93	-6.29
Net Cash Flow	0.43	-0.05	0.07	4.20	-4.40	1.26	-1.17	-0.52	0.64	2.34	-1.81	5.22
Free Cash Flow	-8.63	7.52	-0.43	53.63	2.28	8.88	-1.41	6.63	-0.96	6.15	5.37	11.40
CFO/OP	26%	94%	-276%	1,459%	126%	246%	-134%	163%	-19%	99%	76%	156%

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	111.70	166.45	183.38	286.72	220.14	56.75	45.94	75.68	39.42	47.34	42.47	68.17
Inventory Days	119.55	65.69	68.96	87.34	94.85	296.20	349.66	382.44	707.13	433.77	334.32	166.46
Days Payable	96.49	67.40	98.50	53.30	26.94	33.29	35.50	47.90	90.14	47.85	16.48	36.37
Cash Conversion Cycle	134.76	164.74	153.84	320.76	288.05	319.66	360.10	410.21	656.41	433.26	360.31	198.25
Working Capital Days	-394.33	197.50	177.31	326.66	208.73	220.93	215.09	314.58	320.75	250.69	194.69	178.70
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

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	27.13%	27.13%	27.13%	26.95%	26.95%	26.95%	26.95%	26.95%	26.95%	26.95%	26.89%	26.83%
DIIs	2.96%	2.96%	2.48%	2.48%	2.45%	2.43%	2.34%	2.34%	2.34%	2.34%	2.34%	2.34%
Public	69.90%	69.91%	70.39%	70.57%	70.60%	70.62%	70.71%	70.71%	70.71%	70.70%	70.76%	70.82%
No. of Shareholders	1,25,169	1,24,927	1,25,317	1,24,712	1,24,112	1,26,561	1,26,548	1,25,979	1,25,350	1,24,535	1,24,055	1,23,796

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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.39	1.22	0.96	1.51	1.30
Diluted EPS (Rs.)	1.39	1.22	0.96	1.51	1.30
Cash EPS (Rs.)	1.61	1.45	1.21	1.70	1.48
Book Value[Excl.RevalReserv]/Share (Rs.)	39.19	37.78	36.55	35.59	34.90
Book Value[Incl.RevalReserv]/Share (Rs.)	39.19	37.78	36.55	35.59	34.90
Revenue From Operations / Share (Rs.)	13.43	11.71	9.10	6.18	6.43
PBDIT / Share (Rs.)	1.61	1.44	1.20	0.69	0.73
PBIT / Share (Rs.)	1.40	1.22	0.95	0.52	0.57
PBT / Share (Rs.)	1.40	1.22	0.95	1.33	1.41
Net Profit / Share (Rs.)	1.41	1.23	0.96	1.52	1.31
PBDIT Margin (%)	11.95	12.28	13.21	11.21	11.49
PBIT Margin (%)	10.43	10.42	10.47	8.41	8.96
PBT Margin (%)	10.42	10.40	10.45	21.43	21.91
Net Profit Margin (%)	10.48	10.49	10.61	24.61	20.44
Return on Networth / Equity (%)	3.59	3.25	2.64	4.27	3.76
Return on Capital Employeed (%)	2.94	2.55	2.01	1.12	1.22
Return On Assets (%)	2.85	2.41	1.89	3.03	2.63
Long Term Debt / Equity (X)	0.20	0.25	0.28	0.29	0.33
Total Debt / Equity (X)	0.20	0.25	0.28	0.29	0.33
Asset Turnover Ratio (%)	0.26	0.23	0.18	0.12	0.13
Current Ratio (X)	5.05	3.20	2.76	2.44	3.07
Quick Ratio (X)	2.69	1.15	0.95	0.84	1.75
Inventory Turnover Ratio (X)	2.58	1.09	1.08	0.73	0.82
Interest Coverage Ratio (X)	1297.72	755.63	579.34	387.73	308.40
Interest Coverage Ratio (Post Tax) (X)	1139.65	646.69	466.61	400.68	200.94
Enterprise Value (Cr.)	207.74	129.92	90.43	105.99	83.08
EV / Net Operating Revenue (X)	2.94	2.11	1.89	3.26	2.46
EV / EBITDA (X)	24.63	17.19	14.32	29.08	21.38
MarketCap / Net Operating Revenue (X)	2.36	1.34	0.77	1.60	0.64
Price / BV (X)	0.80	0.41	0.19	0.27	0.11
Price / Net Operating Revenue (X)	2.36	1.34	0.77	1.60	0.64
EarningsYield	0.04	0.07	0.13	0.15	0.31

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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