Atul Ltd

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

Atul Ltd

₹ 6,734 -1.88%
31 May - 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 ₹ 19,867 Cr.
  • Current Price ₹ 6,734
  • High / Low ₹ 9,813 / 6,525
  • Stock P/E 39.2
  • Book Value ₹ 1,583
  • Dividend Yield 0.37 %
  • ROCE 15.0 %
  • ROE 11.1 %
  • 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 9.09% over past five years.
  • Dividend payout has been low at 13.3% 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: Dyes And Pigments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
965 661 1,002 953 1,116 1,080 1,250 1,380 1,370 1,477 1,487 1,268 1,195
777 502 741 710 862 844 1,031 1,129 1,165 1,244 1,267 1,096 1,046
Operating Profit 188 159 261 243 254 236 219 251 205 233 220 172 149
OPM % 19% 24% 26% 26% 23% 22% 17% 18% 15% 16% 15% 14% 12%
36 41 9 40 21 32 23 6 24 37 33 23 26
Interest 2 3 2 2 2 2 2 2 3 2 2 2 2
Depreciation 34 33 33 33 37 43 44 45 44 47 49 50 51
Profit before tax 188 164 235 247 236 222 196 210 182 221 202 142 122
Tax % 24% 28% 25% 23% 25% 26% 25% 25% 25% 26% 27% 28% 24%
Net Profit 142 118 175 190 177 165 146 157 137 163 148 103 92
EPS in Rs 47.62 39.71 58.78 63.58 59.16 56.09 49.56 52.53 46.05 55.74 51.13 35.61 31.70
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,775 2,029 2,439 2,637 2,595 2,834 3,514 4,038 4,093 3,731 5,081 5,428
1,569 1,780 2,075 2,235 2,134 2,324 3,008 3,270 3,191 2,813 4,168 4,653
Operating Profit 205 249 364 402 461 510 505 768 902 918 913 775
OPM % 12% 12% 15% 15% 18% 18% 14% 19% 22% 25% 18% 14%
12 22 36 9 37 57 30 38 83 109 82 119
Interest 43 33 33 26 28 25 13 7 9 9 9 8
Depreciation 44 51 58 60 66 95 110 119 130 136 177 198
Profit before tax 130 186 308 326 404 446 412 680 845 882 810 688
Tax % 27% 31% 29% 31% 32% 28% 32% 36% 21% 25% 25% 26%
Net Profit 91 120 219 240 274 323 281 436 671 660 605 507
EPS in Rs 30.71 40.38 73.90 81.13 92.44 108.88 93.21 145.72 224.69 221.64 204.23 174.19
Dividend Payout % 15% 15% 10% 10% 9% 9% 13% 10% 12% 9% 12% 19%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 10%
TTM: 7%
Compounded Profit Growth
10 Years: 16%
5 Years: 13%
3 Years: -8%
TTM: -14%
Stock Price CAGR
10 Years: 34%
5 Years: 20%
3 Years: 14%
1 Year: -17%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 14%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 30 30 30 30 30 30 30 30 30 30 30
Reserves 624 725 919 1,009 1,585 1,936 2,214 2,676 3,125 3,797 4,399 4,642
392 370 367 299 316 168 16 55 108 133 144 52
412 440 502 485 535 591 749 783 880 976 1,117 1,044
Total Liabilities 1,459 1,564 1,818 1,823 2,465 2,724 3,009 3,543 4,144 4,935 5,690 5,768
444 506 570 514 750 1,026 1,027 1,104 1,110 1,418 1,634 1,770
CWIP 66 66 59 112 180 59 96 172 368 250 420 1,033
Investments 75 67 63 66 382 429 470 752 1,137 1,361 1,339 838
874 925 1,126 1,131 1,154 1,210 1,415 1,515 1,528 1,906 2,297 2,127
Total Assets 1,459 1,564 1,818 1,823 2,465 2,724 3,009 3,543 4,144 4,935 5,690 5,768

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
89 187 152 306 401 392 356 404 881 718 231 707
-104 -116 -83 -167 -375 -175 -129 -408 -782 -645 -163 -469
16 -78 -60 -124 -39 -212 -207 -1 -111 -52 -57 -257
Net Cash Flow 1 -6 8 16 -13 5 19 -5 -11 21 11 -20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 74 63 65 61 62 67 75 63 64 72 71 57
Inventory Days 114 116 119 105 118 107 83 89 93 128 122 101
Days Payable 92 92 89 69 87 86 93 66 88 121 90 69
Cash Conversion Cycle 96 87 95 97 93 88 66 86 69 78 103 89
Working Capital Days 75 71 76 75 82 84 78 75 60 68 83 82
ROCE % 18% 20% 28% 26% 26% 23% 19% 27% 28% 24% 19% 15%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
44.80 44.81 44.82 44.93 44.93 44.94 44.94 44.94 45.05 45.06 45.06 45.05
6.73 8.23 9.36 9.48 10.27 10.22 9.98 9.22 8.82 9.20 8.92 8.15
25.31 23.39 22.85 23.11 22.37 22.21 22.20 23.43 23.37 23.41 24.21 25.23
23.15 23.58 22.97 22.48 22.43 22.64 22.88 22.41 22.76 22.32 21.78 21.56

* 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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