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Atul Overview

Atul Ltd is an India-based enterprise, that's in the business of life science chemicals and overall performance, and other chemicals. The Company serves to various industries internationally, consisting of adhesives, agriculture, animal feed, automobile, composites, construction, beauty, defense, dyestuff, electric and electronics, taste, food, shoes, perfume, glass, domestic care, horticulture, hospitality, paint and coatings, paper, personal care, pharmaceutical, plastic, polymer, rubber, soap and detergent, sport and leisure, fabric, tire, a...Read More

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Atul Key Financials

Market Cap ₹19432 Cr.

Stock P/E 39

P/B 3.2

Current Price ₹6600

Book Value ₹ 2065

Face Value 10

52W High ₹7793

Dividend Yield 0.38%

52W Low ₹ 5563

Atul Share Price

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Volume
Price

Atul Quarterly Price

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Atul Peer Comparison

Atul Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1194 1138 1212 1322 1393 1417 1452 1478 1552 1574
Other Income 22 15 13 13 32 16 49 26 49 39
Total Income 1216 1153 1225 1335 1424 1433 1500 1504 1600 1612
Total Expenditure 1039 986 1065 1099 1150 1193 1229 1243 1284 1327
Operating Profit 177 167 160 236 274 240 272 262 316 286
Interest 2 2 5 5 9 4 5 5 5 4
Depreciation 54 61 76 77 78 81 82 82 81 80
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 121 103 80 154 188 155 185 175 230 202
Provision for Tax 32 33 24 46 51 41 56 45 49 40
Profit After Tax 89 70 55 109 136 114 129 130 181 162
Adjustments 1 1 3 3 0 -5 -2 -3 -2 -1
Profit After Adjustments 90 71 58 112 137 109 127 128 179 161
Adjusted Earnings Per Share 30.6 24.1 19.8 38 46.5 36.9 43 43.4 60.9 54.6

Atul Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2656 2595 2834 3296 4038 4093 3731 5081 5428 4726 5583 6056
Other Income 20 34 53 26 35 78 111 78 115 61 109 163
Total Income 2677 2629 2886 3322 4073 4171 3843 5159 5542 4786 5692 6216
Total Expenditure 2265 2135 2324 2791 3271 3191 2823 4171 4653 4092 4670 5083
Operating Profit 412 494 562 531 802 980 1020 987 890 695 1022 1136
Interest 26 28 25 13 7 9 9 9 8 11 24 19
Depreciation 60 66 95 110 119 130 136 177 198 243 317 325
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 326 404 446 412 680 845 882 810 688 451 692 792
Provision for Tax 99 130 123 131 244 175 222 205 181 127 194 190
Profit After Tax 226 274 323 281 436 671 660 605 507 324 499 602
Adjustments 14 -1 -0 -5 -4 -4 -4 -0 7 -1 -15 -8
Profit After Adjustments 241 274 323 276 432 666 656 604 514 323 484 595
Adjusted Earnings Per Share 81.1 92.2 108.9 93.2 145.7 224.7 221.6 204.2 174.2 109.7 164.4 201.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 3% 6% 8%
Operating Profit CAGR 47% 1% 1% 10%
PAT CAGR 54% -6% -6% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 16% -2% -3% 14%
ROE Average 9% 9% 12% 16%
ROCE Average 13% 12% 16% 21%

Atul Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1039 1615 1966 2244 2706 3155 3827 4429 4671 5114 5599
Minority's Interest 6 2 15 20 24 26 31 31 48 49 64
Borrowings 59 23 0 0 43 87 98 61 29 209 182
Other Non-Current Liabilities 82 119 158 176 194 144 174 175 163 203 254
Total Current Liabilities 638 706 672 672 828 945 1007 1207 1028 1005 1037
Total Liabilities 1823 2465 2812 3112 3795 4356 5136 5903 5940 6580 7135
Fixed Assets 514 758 1032 1036 1114 1122 1415 1631 1766 2789 2844
Other Non-Current Assets 269 649 568 618 767 940 956 1375 1894 1399 1193
Total Current Assets 1041 1059 1211 1459 1913 2295 2765 2897 2279 2392 3098
Total Assets 1823 2465 2812 3112 3795 4356 5136 5903 5940 6580 7135

Atul Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 18 31 18 23 43 38 26 47 58 38 60
Cash Flow from Operating Activities 306 401 392 356 404 881 718 231 707 667 603
Cash Flow from Investing Activities -167 -375 -173 -130 -407 -783 -646 -168 -469 -683 -495
Cash Flow from Financing Activities -124 -39 -212 -207 -1 -111 -52 -57 -257 38 -118
Net Cash Inflow / Outflow 16 -13 7 18 -5 -12 19 6 -20 22 -10
Closing Cash & Cash Equivalent 34 18 23 43 38 26 47 58 38 60 51

Atul Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 81.14 92.24 108.89 93.22 145.73 224.7 221.62 204.21 174.21 109.72 164.38
CEPS(Rs) 96.59 114.75 141.2 132.04 187.1 270.1 269.12 264.09 238.71 192.6 277.06
DPS(Rs) 8.5 10 10 12 15 27.5 20 25 32.5 20 25
Book NAV/Share(Rs) 350.29 544.43 662.82 756.54 912.24 1063.68 1293.17 1496.77 1582.98 1737.2 1901.67
Core EBITDA Margin(%) 13.84 16.67 17 15.13 18.99 22.04 24.15 17.67 14.05 13.18 15.99
EBIT Margin(%) 12.42 15.68 15.73 12.73 17.03 20.88 23.68 15.91 12.61 9.6 12.55
Pre Tax Margin(%) 11.51 14.68 14.89 12.35 16.85 20.65 23.43 15.73 12.47 9.37 12.13
PAT Margin (%) 8 9.96 10.79 8.43 10.8 16.39 17.54 11.75 9.18 6.74 8.73
Cash Profit Margin (%) 10.13 12.35 13.98 11.73 13.74 19.57 21.16 15.18 12.77 11.79 14.28
ROA(%) 12.43 12.79 12.25 9.5 12.63 16.46 13.91 10.96 8.56 5.18 7.27
ROE(%) 24.08 20.67 18.06 13.36 17.62 22.9 18.91 14.65 11.13 6.62 9.31
ROCE(%) 27.61 26.44 23.19 19.34 27.4 28.38 24.69 19.22 14.99 9.17 12.86
Receivable days 56.77 58.55 58.5 67.93 64.27 63.23 70.46 61.05 60.66 67.22 65.62
Inventory Days 54.83 55.85 51.59 45.42 41.73 45.26 53.22 51.7 54.7 53.41 43.06
Payable days 75.05 80.39 82.97 80.6 72.67 79.42 112.05 84.45 74.76 81.26 79.37
PER(x) 13.9 16.71 21.86 28.13 24.52 17.69 31.93 50.38 39.96 52.3 37.31
Price/Book(x) 3.22 2.83 3.59 3.47 3.92 3.74 5.47 6.87 4.4 3.3 3.23
Dividend Yield(%) 0.75 0.65 0.42 0.46 0.42 0.69 0.28 0.24 0.47 0.35 0.41
EV/Net Sales(x) 1.36 1.87 2.54 2.35 2.62 2.9 5.55 6.01 3.78 3.61 3.26
EV/Core EBITDA(x) 8.76 9.85 12.81 14.58 13.22 12.1 20.31 30.9 23.08 24.54 17.8
Net Sales Growth(%) 8.08 -2.33 9.22 16.3 22.51 1.37 -8.83 36.16 6.82 -12.93 18.15
EBIT Growth(%) 2.79 22.99 9.08 -9.82 63.47 24.29 4.85 -8.09 -15.04 -33.64 55.18
PAT Growth(%) 2.72 21.25 17.89 -13.02 57.4 53.87 -0.89 -8.38 -16.22 -36.02 53.9
EPS Growth(%) 9.79 13.68 18.06 -14.39 56.33 54.19 -1.37 -7.85 -14.69 -37.02 49.81
Debt/Equity(x) 0.29 0.2 0.09 0.01 0.02 0.03 0.03 0.03 0.01 0.05 0.04
Current Ratio(x) 1.63 1.5 1.8 2.17 2.31 2.43 2.75 2.4 2.22 2.38 2.99
Quick Ratio(x) 0.98 0.89 1.18 1.56 1.69 1.9 2.16 1.68 1.45 1.77 2.28
Interest Cover(x) 13.67 15.69 18.72 33.36 92.81 90.94 95.3 89.3 88.07 41.67 29.88
Total Debt/Mcap(x) 0.09 0.07 0.02 0 0.01 0.01 0.01 0 0 0.01 0.01

Atul Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 45.07 45.17 45.17 45.17 45.17 45.18 45.18 45.21 45.22 45.22
FII 8.06 8.46 8.63 9.67 11.22 9.79 8.78 8.31 7.45 7.5
DII 26.09 25.69 25.82 24.54 22.79 23.64 24.98 24.97 25.41 25.9
Public 20.79 20.68 20.38 20.62 20.82 21.39 21.06 21.51 21.92 21.38
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Atul News

Atul Pros & Cons

Pros

  • Debtor days have improved from 81.26 to 79.37days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 45.22%.
  • Company has a low return on equity of 9% over the last 3 years.
  • Stock is trading at 3.2 times its book value.
  • The company has delivered a poor profit growth of -5% over past five years.
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