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At a Glance
Atal Realtech Ltd, listed on NSE SME, is a government contractor turned stock market sweetheart. With a 111% 1-year return, low float, and ₹95 Cr FY25 revenue — it looks like a growth story. But scratch the surface and you’ll find dilution, falling promoter holding, and erratic cash flows. Is it just another SME trap, or a ₹20 multi-bagger in disguise?
1. 🎬 Introduction – “Pani, Sadak, Stadium – Sab Banayenge”
Incorporated in 2012, listed in 2020 on NSE Emerge.
Company handles civil infra projects — roads, bridges, irrigation, government halls, hospitals, mass housing.
Registered as Class I-A contractor with Govt. of Maharashtra. Basically: “Jo kaam netaon ne announce kiya, yeh banaayega”.
Stock up 111% in 1 year, CMP ₹20.4. But… P/E = 63.8. Valuation ka cement zyada lag gaya?
2. 🚜 WTF Do They Even Do?
Atal Realtech’s job card:
👷 Govt infra contractor (PWD Maharashtra)
🔧 EPC & sub-contracting: End-to-end project handling.
💧 Specializations:
Water Supply & Drainage
Roads & Bridges
Minor Irrigation Projects
Stadiums & Cold Storages
Public buildings, Hospitals, Educational structures
🧱 100% B2G business. Their client is sarkar. Their risk? Sarkari payment cycles.
