⚡ At a Glance
Patil Automation, born in 2015, builds robotic welding, assembly, and automation systems for auto OEMs. With 99% revenue from the auto sector and a fat expansion plan underway, it hopes to ride the EV boom. But with a tight balance sheet, rising working capital needs, and 22x P/E — is it precision-engineered for returns?
1. 🛠️ What Does Patil Actually Do?
No, they don’t make robots that serve chai.
Patil Automation is an industrial automation solutions provider, building robotic lines and welding systems for auto companies. Think Maruti, Tata, M&M, or even Tier-1 ancillaries who need:
- 🚗 Spot/MIG/TIG Welding systems
- 🦾 Robotic work cells & fixtures
- 🏗️ Conveyor-integrated assembly lines
- ⚙️ Special-purpose pressing/welding machines
Basically, they’re the ones making machines that make machines. And that’s not an exaggeration.
2. 🧩 Product Mix – Welding Is the Hero
🔧 H1FY25 Revenue Breakdown:
| Segment | % Share |
|---|---|
| Welding Lines | 70.23% |
| Assembly Lines | 22.37% |
| Maintenance/Services | 4.37% |
| Special Purpose Machinery (SPM) | 1.08% |
| Material Handling Machines | 0.86% |
| Misc. (scrap/spares) | 1.10% |
They’re not trying to be everything. They’re very clearly the go-to automation partner for car factories. But that’s also where the risk lies…
3. 🚘 Customer Concentration – 99% Auto
🏭 Industry-Wise Revenue (H1FY25):
| Sector | % Share |
|---|---|
| Automotive | 99.10% |
| Non-Automotive | 0.86% |
| Scrap | 0.04% |
So basically, if auto OEMs even cough, Patil might get pneumonia. But that hasn’t stopped them from riding the tailpipe of growth so far.
4. 🌍 Where Do They Operate?
🗺️ State-Wise Revenue Split:
| State | % Share |
|---|---|
| Maharashtra | 54.2% |
| Haryana | 19.8% |
| Karnataka | 16.4% |
| Tamil Nadu | 4.5% |
| Others | <2% |
Heavily Maharashtra-centric, but decent OEM spread.
5. 🏭 Facility & Capacity – Running Hot
| Unit | Area (sq. ft.) |
|---|---|
| Unit I | 50,536 |
| Unit II | 58,464 |
| Total | 1.09 lakh |
| Capacity | 2,304 units/year |
| Utilization | 83.5% (H1FY25) |
⚙️ Expansion in progress
