Atul Ltd

Atul Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Atul Ltd

₹ 5,908 0.27%
23 Apr - close price
atul.co.in BSE: 500027 NSE : ATUL
About

Atul Ltd. is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals under 9 Businesses. [1]

Since its incorporation, the company has manufactured many products for the first time in India Dyes including Vat Dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, tissue culture raised date palms. [2]

Key Points

Evolution of the company over the years
Atul was earlier one of the largest dyestuff manufacturing companies in India; however, through its strong R&D initiatives, JV with multinational companies, and acquisitions, Atul has expanded its product portfolio significantly over the last few years in the areas of aromatics, crop protection, polymers and pharma intermediates which are specialty chemicals as compared to conventional dyestuff products. This shift in product mix has led to better profitability which has also shown a greater degree of resilience compared to the scenario of around a decade back. [1]

Website BSE NSE
  • Market Cap ₹ 17,394 Cr.
  • Current Price ₹ 5,908
  • High / Low ₹ 7,590 / 5,720
  • Stock P/E 43.7
  • Book Value ₹ 1,635
  • Dividend Yield 0.42 %
  • ROCE 16.8 %
  • ROE 12.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Dividend payout has been low at 13.0% of profits over last 3 years

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
875 1,078 1,038 1,212 1,345 1,399 1,426 1,356 1,194 1,086 1,030 1,110 1,106
660 836 822 1,007 1,111 1,190 1,219 1,167 1,015 965 883 970 957
Operating Profit 215 242 216 205 234 209 206 189 180 121 147 139 149
OPM % 25% 22% 21% 17% 17% 15% 14% 14% 15% 11% 14% 13% 13%
39 16 30 30 7 23 47 72 45 36 27 42 44
Interest 0 1 0 0 1 2 1 0 0 1 1 1 0
Depreciation 29 32 36 37 38 37 40 40 41 42 43 44 47
Profit before tax 224 226 210 198 203 194 213 220 183 115 131 137 146
Tax % 22% 25% 26% 25% 24% 23% 25% 23% 25% 23% 26% 25% 25%
175 169 156 149 154 149 159 168 137 88 97 103 110
EPS in Rs 59.02 57.18 52.76 50.30 52.09 50.19 53.72 57.02 46.37 29.97 32.72 35.01 37.19
Raw PDF
Upcoming result date: 26 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,760 1,983 2,343 2,535 2,454 2,695 3,107 3,916 3,906 3,512 4,993 5,062 4,332
1,578 1,736 2,000 2,159 2,012 2,224 2,635 3,178 3,061 2,665 4,128 4,334 3,776
Operating Profit 182 247 343 376 443 470 473 738 845 847 865 728 556
OPM % 10% 12% 15% 15% 18% 17% 15% 19% 22% 24% 17% 14% 13%
28 26 40 15 45 42 38 30 77 103 88 167 150
Interest 43 32 31 24 26 21 9 4 2 2 3 2 2
Depreciation 44 49 54 55 62 91 105 112 117 120 146 163 176
Profit before tax 122 192 297 312 400 401 397 652 803 828 804 730 528
Tax % 28% 30% 28% 30% 31% 29% 32% 34% 20% 24% 24% 24%
88 136 213 217 274 285 270 429 640 631 608 552 398
EPS in Rs 29.70 45.69 71.74 73.30 92.53 96.18 91.16 144.51 215.82 213.23 205.34 187.08 134.89
Dividend Payout % 15% 13% 10% 12% 11% 10% 13% 10% 13% 9% 12% 17%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 9%
TTM: -19%
Compounded Profit Growth
10 Years: 16%
5 Years: 16%
3 Years: -3%
TTM: -35%
Stock Price CAGR
10 Years: 28%
5 Years: 11%
3 Years: -9%
1 Year: -15%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 15%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 30 30 30 30 30 30 30 30 30 30 30 30 30
Reserves 612 726 912 986 1,562 1,891 2,168 2,620 3,041 3,682 4,287 4,560 4,795
382 355 351 281 302 155 0 0 0 0 73 5 3
416 416 483 465 487 544 722 696 779 876 961 836 838
Total Liabilities 1,440 1,527 1,776 1,762 2,381 2,620 2,919 3,346 3,849 4,587 5,351 5,431 5,665
418 480 520 474 713 931 922 921 907 1,059 1,276 1,349 1,534
CWIP 56 46 53 104 170 37 70 70 235 239 173 356 268
Investments 125 129 136 149 449 532 595 926 1,330 1,551 1,551 1,128 1,443
841 873 1,067 1,035 1,050 1,120 1,333 1,428 1,377 1,739 2,350 2,598 2,420
Total Assets 1,440 1,527 1,776 1,762 2,381 2,620 2,919 3,346 3,849 4,587 5,351 5,431 5,665

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
121 167 141 317 375 370 325 397 852 677 217 732
-119 -89 -80 -196 -342 -160 -87 -358 -709 -603 -225 -498
-5 -81 -60 -123 -34 -208 -224 -44 -154 -64 11 -252
Net Cash Flow -4 -3 1 -3 -1 2 15 -5 -10 10 3 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 76 67 70 63 62 69 84 71 67 74 77 64
Inventory Days 101 102 111 98 111 99 82 76 83 116 98 88
Days Payable 96 91 94 74 88 88 101 74 93 128 86 72
Cash Conversion Cycle 82 77 86 88 86 79 65 73 57 62 89 80
Working Capital Days 69 67 77 69 79 82 82 77 58 61 80 82
ROCE % 17% 20% 27% 26% 27% 21% 19% 27% 28% 24% 19% 17%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.93% 44.94% 44.94% 44.94% 45.05% 45.06% 45.06% 45.05% 45.05% 45.05% 45.06% 45.17%
10.27% 10.22% 9.98% 9.22% 8.82% 9.20% 8.92% 8.15% 7.61% 7.71% 8.06% 8.47%
22.37% 22.21% 22.20% 23.43% 23.37% 23.41% 24.21% 25.23% 26.16% 26.50% 26.08% 25.67%
22.43% 22.64% 22.88% 22.41% 22.76% 22.32% 21.78% 21.56% 21.17% 20.73% 20.79% 20.69%
No. of Shareholders 54,52459,72667,02564,42969,67970,24866,45567,54268,75166,77665,75766,589

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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