Synopsis:
Atmastco Limited has received a ₹15.23 crore LOI from BHEL to fabricate and supply steel structures for the DVC Raghunathpur project.
The shares of the Micro-Cap stock specialising in Engineering, Procurement, and Construction (EPC) services, with a particular focus on steel fabrication and manufacturing for industrial, commercial, and residential infrastructure, are in focus received a Letter of Intent (LOI) from Bharat Heavy Electricals Limited (BHEL)
With a market capitalization of Rs. 463.78 crores on Thursday, the shares of Atmastco Limited jumped upto 1.2 percent, making a high of Rs. 189.90 per share compared to its previous closing price of Rs. 187.60 per share.
What Happened
Atmastco Limited, engaged in Engineering, Procurement, and Construction (EPC) services, with a particular focus on steel fabrication and manufacturing for industrial, commercial, and residential infrastructure, has announced that it has received a Letter of Intent (LOI) from Bharat Heavy Electricals Limited (BHEL).
The order is for the fabrication and supply of columns, auto-weld items, and general fabrication work for the DVC Raghunathpur project. The order, valued at about Rs. 15.23 crore, is a one-time domestic contract and will be executed as per purchase orders issued by BHEL. The LOI also outlines the quantities, rates, and validity period for various fabrication items to be supplied under the contract.
Financials & Others
The company’s revenue declined by 13 percent from Rs. 139 crore in September 2024 to Rs. 121 crore in September 2025. Meanwhile, the Net profit declined from Rs. 14 crore to Rs. 11 crore during the same period.
The company shows strong profitability with a ROCE of 21.5% and a solid ROE of 16.4%, indicating efficient use of both capital and equity. Its PEG ratio of 0.36 suggests the stock may be undervalued relative to its growth. Additionally, a debt-to-equity ratio of 0.67 reflects a moderate and manageable level of leverage.
Atmastco Limited, established in 1994, is an Indian engineering, procurement, and construction (EPC) company that specialises in heavy fabrication structures, manufacturing steel components, and providing customised engineering solutions for various sectors like power, railways, and infrastructure.
The company designs, manufactures, supplies, and commissions precision equipment and structures, with a wholly-owned subsidiary that produces defence products like bulletproof jackets and helmets.
The company operates on a large scale with a monthly production capacity of over 3,600 MT, supported by 350+ employees. It has delivered 80+ finished orders across the country and runs its operations on 40+ acres of land with six fabrication bays, highlighting strong infrastructure and execution capability.
The company serves a strong set of marquee clients. In the private sector, its key clients include Tata Steel, Vedanta, and Adani. Among government organisations, it works with Engineers India, SAIL, BHEL, DRDO, ISRO, and several others. This diverse client base reflects the company’s credibility and industry trust.
Written by Sridhar J
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