Atmastco Limited | 𝗔 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗼𝘃𝗲

𝗥𝗲𝗰𝗲𝗻𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: 𝗙𝘂𝗻𝗱 𝗥𝗮𝗶𝘀𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗛𝗼𝗿𝗶𝘇𝗼𝗻

Atmastco Limited has announced a board meeting on January 17, 2025, to consider fundraising. This move is likely to provide the company with the necessary resources to fuel its growth ambitions.

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

- 4-Year Operating Profit Uptrend: Atmastco has consistently delivered operating profit growth over the past four years.

- 2-Quarter Operating Profit Uptrend: The company has maintained its operating profit growth momentum over the past two quarters.

- Attractive Valuation: With a Price-to-Earnings (PE) ratio of 28.8x, Atmastco is reasonably valued compared to its sector peers (PE range: 30-60).

- Excellent September 2024 Results: The company delivered impressive financial results in September 2024, demonstrating its strong operational performance.

- Entry into the Defence Sector: Atmastco has expanded its operations into the defense sector, providing a new growth avenue for the company.

- Promoter Buying and Institutional Entry: The company has witnessed promoter buying and institutional investment, indicating confidence in its growth prospects.

𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:

Atmastco Limited was initially focused on trading steel products, industrial goods, and related items. Over time, the company has diversified its operations to include commercial activities in the engineering and erection business, broadening its scope and expertise.

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀:

- Market Capitalization: Atmastco has a market capitalization of INR 701 Crore, with a share price of INR 284 as of January 15, 2025.

- TTM PE Ratio: The company's Trailing Twelve Months (TTM) PE ratio stands at 28.8x as of January 15, 2025.

- Retail Float: The retail float of Atmastco is 20.2% as of September 2024.