PATELS AIRFLOW LIMITED
About the Company
Patels Airflow Limited is a recognized leading company, engaged with the manufacturing of a complete range of industrial fans and blowers. The team of experienced engineers promoters directors started the company in 1973. The promoters have wide experience of more than four decades in the field of designing and manufacturing of industrial fans and blowers. Over a period, the company has emerged as one of the leading manufacturers of quality products.
The company was started at Vatva, Ahmedabad, INDIA in the year 1973 and has attained the position of one of the leading suppliers to major Chemical Plants, Power Plants, Refineries, Fertilizer Units, Nuclear Power Plants, Pharmaceuticals, Steel Plants, Textiles, Atomic Energy and Heavy Water Plants, Mega Malls, consulting firms in INDIA and abroad.
The company management team, consisting of a board of directors and key persons is well known in the field of industrial fans and blowers.
PAF is approved under all leading consultants like EIL, PDO, KNPC, UHDE, JACOB H & G, MECON, CHEMTEX, LINDE, and companies like NTPC, RELIANCE, GRASIM, NIRMA, BHEL, IFFCO, GSFC, IPCL, etc.
PAF is one of very few companies in INDIA which makes CENTRIFUGAL AND AXIAL FANS since 1973 with a wide range of all types of FANS.
17 September 2001.
Category/Sub-category of the Company
Company limited by Shares
Address of the Registered office and contact details
61, Phase-1, G.I.D.C. Industrial Estate, Vatva,
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
M/s. BIGSHARE SERVICES PVT LTD.
A-802, Samudra Complex, Nr. Klassic Gold Hotel,
Grish Cold Drink, Off CG Road, Navrangpura,
Ahmedabad- 380009, Gujrat.
Phone No. 079-40024135.
BOARD OF DIRECTORS
Shri PopatlalBhopabhai Patel
Shri BhogilalIshwarlal Patel
Shri Himanshu Popatlal Patel
Shri Devang Kashiram Patel
Shri Prakash Bhogilal Patel
Shri Kaival Devang Patel
Shri Akash Himanshu Patel.
PRINCIPAL BUSINESS ACTIVITY OF BUSINESS
Name and Description
NIC Code of the product/services
% to the total turnover of the company
Manufacturing of complete range of Industrial Fans, Blowers and Tubes, and its related accessories
Manufacturing of Carbon Steel tubes
Shareholders holding more than 5 % shares in the company as of 31 March 2021
No. of shares
% of holding
Investor Education and Protection Fund Authority Ministry of Corporate Affairs
Harsha Hitesh Javeri
Harsh Paresh Shah
Suraj Enterprise Private Ltd
Manilal G Patel
Babubhai G Patel
The global steel pipes & tubes market size was valued at USD 142.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2020 to 2027. Increasing oil & gas production owing to the demand from the transportation industry is one of the prominent growth drivers for the market. The oil & gas industry is the major consumer segment for steel pipes & tubes. Steel pipes are used for the transportation of gas & liquid in this industry. They are generally manufactured using low alloy or carbon steel. The inside diameter, ductility, yield strength, and pressure rating are some of the key factors considered while selecting pipes for specific applications. The U.S. oil & gas industry is among the primary end-users for steel pipes and tubes. The product is used in upstream, midstream as well as downstream processing of crude oil. The market is anticipated to register steady growth over the forecast period owing to the developments in the U.S. oil & gas industry.
Global Industrial and Commercial Fans and Blowers Market to Reach $9.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial and Commercial Fans and Blowers estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$9.8 Billion by 2027, growing at a CAGR of 2.9% over the period 2020-2027.
The U.S. The market is estimated at $2.2 Billion, While China is Forecast to Grow at 5.4% CAGR
The Industrial and Commercial Fans and Blowers market in the U.S. are estimated at US$2.2 Billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
FINANCIALS AT GLANCE
STANDALONE STATEMENT OF PROFIT AND LOSS
(All amounts in INR Lakhs, unless otherwise stated)
Revenue from Operations
Profit before tax
Tax Expense I Current Taxes
Total Tax Expense
EPS( in Rs.)
STANDALONE STATEMENT OF PROFIT AND LOSS ACCOUNT
(All amounts in INR Lakhs, unless otherwise stated)
Property, plant, and equipment
Capital work in progress
Long term loan and Advances
Total non-current assets
(i) Trade receivables
(ii) Cash and cash equivalents
Short term loans and advances
Other current assets
Total current assets
EQUITY AND LIABILITIES
Equity share capital
Long Term Borrowings
Deferred tax Liability (net)
Total non-current liabilities
(ii) Trade payables
Other current liabilities
Total current liabilities
Total equity and liabilities
PERFORMANCE OF THE COMPANY
The Revenue of the company is on the decline for the past two years during FY 2020 revenue was Rs. 4574.3992 Lakhs and it decreased by 11.59% to Rs. 4044.38984 Lakhs in FY 2021. The primary reason for this is the impact of the Covid-19
The PAT of the company is also on the decline for the past two years. In FY 2020 it was Rs. 185.96 Lakhs and in FY 2021 is was reduced to Rs. 165.48 Lakhs.
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