Synopsis: Atmastco Limited received a Rs. 21.27 crore order from L&T MHI Power Boilers for the fabrication and supply of Buckstay, awarded as a one-time domestic contract.
This Microcap Defence Stock, engaged in the business of designing, manufacturing, and supplying heavy structural steel fabrication, precision equipment, and industrial goods, is in focus after securing an order worth Rs. 21.27 crore from L&T–MHI Power Boilers Private Limited.
With a market capitalization of Rs. 503.35 crore, the shares of Atmastco Limited were currently trading at Rs. 203.50 per equity share, rising nearly 0.05 percent from its previous day’s close price of Rs. 203.40.
What is the news?
Atmastco Limited has informed the stock exchange that it has received a Letter of Intent from L&T MHI Power Boilers Private Limited. The order is for the fabrication and supply of Buckstay equipment. This order has been received from a domestic company, and it is a one-time contract.
The value of the order is around Rs. 21.27 crore. This order will support the company’s business operations and contribute to its revenue growth.
Company Overview:
Atmastco Limited was established in 1994 and is headquartered in Bhilai, Chhattisgarh. The company is a multidisciplinary engineering company specializing in steel fabrication, EPC (Engineering, Procurement, and Construction) services, and defense manufacturing. Over three decades, it has grown to provide comprehensive structural steel solutions and precision equipment for various industrial sectors.
The company is engaged in designing, manufacturing, and supplying heavy fabrication structures like girders, columns, ducts, and equipment used in power plants, steel plants, cement factories, railways, water treatment, refineries, and fertilizers. It started EPC projects in 2020, focusing on ferrous and non-ferrous sectors such as metal, oil and gas, and air pollution control.
Atmastco also operates a defence subsidiary, Atmastco Defence Systems Pvt Ltd, producing bulletproof jackets, helmets, and protective gear for paramilitary forces. The company has a strong presence in India with significant project execution experience, focusing on safety, quality, and innovation to serve infrastructure, industrial, and defense clients.
Recent quarter results:
Coming into financial highlights, Atmastco Limited’s revenue has increased from Rs. 148 crore in Q1 FY25 to Rs. 151 crore in Q1 FY26, which has grown by 2.03 percent. The net profit has decreased by 50 percent from Rs. 10 crore in Q1 FY25 to Rs. 5 crore in Q1 FY26.
Atmastco Limited’s revenue and net profit have grown at a CAGR of 45.58 percent and 88.21 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 21.8 percent and 16.8 percent, respectively. Atmastco Limited has an earnings per share (EPS) of Rs. 8.04, and its debt-to-equity ratio is 0.56x.
Written By – Nikhil Naik
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