| Market Cap | ₹334.3 CrSmall Cap |
|---|---|
| TTM PE | 17.55Sector PE 33.17 |
| RSI | 31.69Near Oversold |
| Order from | Reliance Industries Limited |
| Execution period | Up to March 2027 |
| Deal value | ₹66 Cr |
| Share of market cap | 19.7% |
| Share of annual revenue | 23.3% |
Key highlights
- Order value is approximately ₹66.00 crore, significantly impacting the company's forward revenue visibility
- Contract scope involves the supply of pre-fabricated structural steel for industrial use
- The project execution period extends through the end of the 2027 fiscal year
- Awarded by Reliance Industries Limited, one of India's largest conglomerates
- The agreement is a domestic contract with no related party interests involved
What Is the Order?
Atmastco Limited has entered into a formal supply agreement with Reliance Industries Limited for the provision of pre-fabricated structural steel. This domestic contract is valued at approximately ₹66.00 crore and is scheduled for execution by March 2027. The order falls under the category of a standard supply agreement between two commercial entities, and the company has confirmed that the promoter group has no interest in the awarding entity.
This project adds a substantial volume to Atmastco's current project pipeline, specifically within the industrial fabrication segment.
Business Overview
Based in Bhilai, Chhattisgarh, Atmastco Limited operates in the engineering and construction sector, focusing on high-precision fabrication. The company maintains two manufacturing units in Bhilai and a trading division, supporting industrial infrastructure requirements. Its technical capabilities include the production of heavy structures and pre-fabricated steel components used in large-scale industrial plants.
By securing a contract from a major player like Reliance Industries, the company demonstrates its ability to meet the rigorous quality and timeline standards required by India's top-tier industrial conglomerates.
Financial Context
Atmastco currently holds a market capitalization of ₹334.3 crore and reported an annual operating revenue of ₹292.62 crore for the previous fiscal year. The newly secured ₹66 crore order represents nearly 23% of its annual revenue, highlighting the scale of this contract. While the stock has faced a 14.54% decline over the past month, its valuation at 17.55x TTM earnings remains below the industry average of 31.53x.
The company maintains a healthy promoter holding of 66.14% with zero pledge, providing a stable ownership structure as it enters this execution phase.
Industry Landscape
- The Indian construction and engineering sector is seeing a 9.32% quarterly revenue growth YoY
- Rising demand for pre-fabricated steel structures is driven by rapid industrial expansion in energy and petrochemicals
- Atmastco competes in a sector where technical precision in steel fabrication is a key entry barrier
- The sector net profit growth recently reached 29.68% YoY, reflecting improved margin profiles in engineering
- Execution timelines for large-scale industrial orders typically range from 18 to 36 months
| Share price | ₹127.8 |
|---|---|
| Market capitalisation | ₹334.30 Cr |
| Revenue (annual) | ₹292.62 Cr |
| Net profit (annual) | ₹19.05 Cr |
| Revenue (latest quarter) | ₹42.73 Cr-66.29% vs previous quarter |
| Net profit (latest quarter) | ₹1.42 Cr-78.44% vs previous quarter |
| P/E (TTM) | 17.55×Sector 33.17× |
| Promoter holding | 66.14%0.00% QoQ |
| FII holding | 0.24%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Atmastco Limited announcing the receipt of a new order from Reliance Industries Limited. Market figures from a third-party data provider.
