Atul

₹5972 132 | 2.3%

WEBSITE BSE:500027 NSE : ATUL LTD. 10 May, 16:01

Market Cap ₹17583 Cr.

Stock P/E 54.5

P/B 3.4

Current Price ₹5972

Book Value ₹ 1737.1

Face Value 10

52W High ₹7587

Dividend Yield 0.33%

52W Low ₹ 5720.1

Edit Ratio

Atul Research see more...

Overview Inc. Year: 1975Industry: Chemicals

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, and wind energy. It operates via three segments: Life Science Chemicals, Performance and Other Chemicals, and Others. Life Science Chemicals segment offers active pharmaceutical substances (APIs), API intermediates, fungicides and herbicides. Its Performance and Other Chemicals phase gives adhesion promoters, bulk chemical compounds, epoxy resins and hardeners, intermediates, and textile dyes. Other phase offers agribiotech, food products and services.

Atul Share Price

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Peer Comparison

Atul Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1380	1370	1477	1487	1268	1195	1182	1194	1138	1212
Other Income	3	22	36	32	23	24	8	22	15	13
Total Income	1383	1393	1513	1519	1291	1219	1190	1216	1153	1225
Total Expenditure	1129	1165	1244	1267	1096	1046	1000	1039	986	1065
Operating Profit	255	227	269	252	195	174	190	177	167	160
Interest	2	3	2	2	2	2	2	2	2	5
Depreciation	45	44	47	49	50	51	52	54	61	76
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	207	180	220	201	143	120	137	121	103	80
Provision for Tax	53	45	58	54	39	30	36	32	33	24
Profit After Tax	154	135	162	147	103	91	100	89	70	55
Adjustments	1	2	2	4	2	3	3	1	1	3
Profit After Adjustments	155	136	165	151	105	94	103	90	71	58
Adjusted Earnings Per Share	52.5	46	55.8	51.1	35.6	31.7	35	30.6	24.1	19.8

Atul Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2043	2458	2656	2595	2834	3296	4038	4093	3731	5081	5428	4726
Other Income	17	36	20	34	53	26	35	78	111	78	115	58
Total Income	2060	2494	2677	2629	2886	3322	4073	4171	3843	5159	5542	4784
Total Expenditure	1794	2094	2265	2135	2324	2791	3271	3191	2823	4171	4653	4090
Operating Profit	266	400	412	494	562	531	802	980	1020	987	890	694
Interest	33	33	26	28	25	13	7	9	9	9	8	11
Depreciation	51	58	60	66	95	110	119	130	136	177	198	243
Exceptional Income / Expenses	5	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	186	308	326	404	446	412	680	845	882	810	688	441
Provision for Tax	58	88	99	130	123	131	244	175	222	205	181	125
Profit After Tax	128	220	226	274	323	281	436	671	660	605	507	314
Adjustments	-8	-1	14	-1	-0	-5	-4	-4	-4	-0	7	8
Profit After Adjustments	120	219	241	274	323	276	432	666	656	604	514	322
Adjusted Earnings Per Share	40.4	73.9	81.1	92.2	108.9	93.2	145.7	224.7	221.6	204.2	174.2	109.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	10%	10%	10%
Operating Profit CAGR	-10%	-3%	11%	13%
PAT CAGR	-16%	-9%	13%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-13%	-10%	11%	23%
ROE Average	11%	15%	17%	19%
ROCE Average	15%	20%	23%	24%

Atul Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	754	949	1039	1615	1966	2244	2706	3155	3827	4429	4671
Minority's Interest	6	6	6	2	15	20	24	26	31	31	48
Borrowings	164	119	59	23	0	0	43	87	98	61	29
Other Non-Current Liabilities	32	71	82	119	158	176	194	144	174	175	163
Total Current Liabilities	607	673	638	706	672	672	828	945	1007	1207	1028
Total Liabilities	1564	1818	1823	2465	2812	3112	3795	4356	5136	5903	5940
Fixed Assets	506	570	514	758	1032	1036	1114	1122	1415	1631	1766
Other Non-Current Assets	205	215	269	649	568	618	767	940	956	1375	1894
Total Current Assets	852	1033	1041	1059	1211	1459	1913	2295	2765	2897	2279
Total Assets	1564	1818	1823	2465	2812	3112	3795	4356	5136	5903	5940

Atul Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	16	10	18	31	18	23	43	38	26	47	58
Cash Flow from Operating Activities	187	152	306	401	392	356	404	881	718	231	707
Cash Flow from Investing Activities	-116	-83	-167	-375	-173	-130	-407	-783	-646	-168	-469
Cash Flow from Financing Activities	-78	-60	-124	-39	-212	-207	-1	-111	-52	-57	-257
Net Cash Inflow / Outflow	-6	8	16	-13	7	18	-5	-12	19	6	-20
Closing Cash & Cash Equivalent	10	18	34	18	23	43	38	26	47	58	38

Atul Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	40.38	73.9	81.14	92.24	108.89	93.22	145.73	224.7	221.62	204.21	174.21
CEPS(Rs)	60.5	93.89	96.59	114.75	141.2	132.04	187.1	270.1	269.12	264.09	238.71
DPS(Rs)	6	7.5	8.5	10	10	12	15	27.5	20	25	32.5
Book NAV/Share(Rs)	216.66	283.09	350.29	544.43	662.82	756.54	912.24	1063.68	1293.17	1496.77	1582.98
Core EBITDA Margin(%)	11.49	13.91	13.84	16.67	17	15.13	18.99	22.04	24.15	17.67	14.05
EBIT Margin(%)	10.13	13.07	12.42	15.68	15.73	12.73	17.03	20.88	23.68	15.91	12.61
Pre Tax Margin(%)	8.59	11.79	11.51	14.68	14.89	12.35	16.85	20.65	23.43	15.73	12.47
PAT Margin (%)	5.91	8.42	8	9.96	10.79	8.43	10.8	16.39	17.54	11.75	9.18
Cash Profit Margin (%)	8.27	10.65	10.13	12.35	13.98	11.73	13.74	19.57	21.16	15.18	12.77
ROA(%)	8.47	13.02	12.43	12.79	12.25	9.5	12.63	16.46	13.91	10.96	8.56
ROE(%)	21.66	29.71	24.08	20.67	18.06	13.36	17.62	22.9	18.91	14.65	11.13
ROCE(%)	22.64	30.85	27.61	26.44	23.19	19.34	27.4	28.38	24.69	19.22	14.99
Receivable days	59.79	55.06	56.77	58.55	58.5	67.93	64.27	63.23	70.46	61.05	60.66
Inventory Days	58.87	55.89	54.83	55.85	51.59	45.42	41.73	45.26	53.22	51.7	54.7
Payable days	88.31	84.35	75.05	80.39	82.97	80.6	72.67	79.42	112.05	84.45	74.76
PER(x)	7.5	5.87	13.9	16.71	21.86	28.13	24.52	17.69	31.93	50.38	39.96
Price/Book(x)	1.4	1.53	3.22	2.83	3.59	3.47	3.92	3.74	5.47	6.87	4.4
Dividend Yield(%)	1.98	1.73	0.75	0.65	0.42	0.46	0.42	0.69	0.28	0.24	0.47
EV/Net Sales(x)	0.61	0.66	1.36	1.87	2.54	2.35	2.62	2.9	5.55	6.01	3.78
EV/Core EBITDA(x)	4.7	4.08	8.76	9.85	12.81	14.58	13.22	12.1	20.31	30.9	23.08
Net Sales Growth(%)	13.97	20.31	8.08	-2.33	9.22	16.3	22.51	1.37	-8.83	36.16	6.82
EBIT Growth(%)	26.74	55.52	2.79	22.99	9.08	-9.82	63.47	24.29	4.85	-7.34	-15.04
PAT Growth(%)	34.75	71.95	2.72	21.25	17.89	-13.02	57.4	53.87	-0.89	-7.36	-16.22
EPS Growth(%)	31.47	83.01	9.79	13.68	18.06	-14.39	56.33	54.19	-1.37	-7.85	-14.69
Debt/Equity(x)	0.57	0.44	0.29	0.2	0.09	0.01	0.02	0.03	0.03	0.03	0.01
Current Ratio(x)	1.4	1.54	1.63	1.5	1.8	2.17	2.31	2.43	2.75	2.4	2.22
Quick Ratio(x)	0.8	0.89	0.98	0.89	1.18	1.56	1.69	1.9	2.16	1.68	1.45
Interest Cover(x)	6.58	10.22	13.67	15.69	18.72	33.36	92.81	90.94	95.3	89.3	88.07
Total Debt/Mcap(x)	0.41	0.29	0.09	0.07	0.02	0	0.01	0.01	0.01	0	0

Atul Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	44.94	44.94	45.05	45.05	45.06	45.06	45.06	45.06	45.07	45.17
FII	9.98	9.22	8.82	9.2	8.92	8.16	7.61	7.71	8.06	8.46
DII	22.21	23.44	23.37	23.42	24.22	25.24	26.17	26.51	26.09	25.69
Public	22.88	22.41	22.76	22.33	21.8	21.55	21.16	20.72	20.79	20.68
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.33	1.33	1.33	1.33	1.33	1.33	1.33	1.33	1.33	1.33
FII	0.3	0.27	0.26	0.27	0.26	0.24	0.22	0.23	0.24	0.25
DII	0.66	0.69	0.69	0.69	0.71	0.74	0.77	0.78	0.77	0.76
Public	0.68	0.66	0.67	0.66	0.64	0.64	0.62	0.61	0.61	0.61
Others	0	0	0	0	0	0	0	0	0	0
Total	2.96	2.96	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.94

Pros

Debtor days have improved from 84.45 to 74.76days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 45.17%.
Stock is trading at 3.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.