Atul Auto Ltd

Atul Auto Ltd

₹ 488 0.87%
18 Apr - close price
About

Atul Auto manufactures and sales Auto Rickshaws in domestic and overseas market.

Key Points

3 Wheeler portfolio
8 Brands: Shakti –cargo (diesel), Elite – e-rikshaw (passenger + cargo + delivery van)(Electric), Gemini – passenger+cargo (petrol + CNG + LPG) + cargo (petrol), Gem – passenger (diesel + CNG + petrol + LPG) + cargo (diesel + petrol + CNG), Auto Rik - Passenger(CNG+LPG), Auto Rik+ - Passenger, Atul Smart - Cargo(CNG), Atul mobili - passenger, Atul Energie - Cargo [1]

Atul's diesel engines are supplied by Greaves cotton whereas they makes their own engine for petrol and alternative fuel vehicles.

  • Market Cap 1,355 Cr.
  • Current Price 488
  • High / Low 693 / 325
  • Stock P/E 105
  • Book Value 140
  • Dividend Yield 0.00 %
  • ROCE 3.41 %
  • ROE 1.44 %
  • Face Value 5.00

Pros

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

Cons

  • Stock is trading at 3.49 times its book value
  • The company has delivered a poor sales growth of -3.11% over past five years.
  • Company has a low return on equity of -3.59% over last 3 years.
  • Promoter holding has decreased over last 3 years: -9.97%

* 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.

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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
101.71 91.17 32.18 82.01 93.77 85.86 96.78 113.61 123.63 140.68 50.37 139.03 145.72
98.91 96.60 38.53 86.64 101.27 88.92 97.99 109.28 115.15 129.18 57.21 124.23 134.09
Operating Profit 2.80 -5.43 -6.35 -4.63 -7.50 -3.06 -1.21 4.33 8.48 11.50 -6.84 14.80 11.63
OPM % 2.75% -5.96% -19.73% -5.65% -8.00% -3.56% -1.25% 3.81% 6.86% 8.17% -13.58% 10.65% 7.98%
0.47 0.50 0.50 0.77 0.66 0.46 0.62 0.75 0.75 0.68 0.90 0.70 1.60
Interest 0.24 0.17 0.44 0.73 1.42 1.43 1.47 1.48 1.82 1.55 0.99 0.32 0.07
Depreciation 1.66 1.61 1.62 1.65 3.08 2.98 3.01 3.03 3.80 3.76 3.79 3.85 3.86
Profit before tax 1.37 -6.71 -7.91 -6.24 -11.34 -7.01 -5.07 0.57 3.61 6.87 -10.72 11.33 9.30
Tax % 22.63% 23.25% 21.87% 27.88% 24.87% 18.97% 16.37% 35.09% 26.59% 18.20% 25.19% 24.80% 27.20%
1.06 -5.15 -6.18 -4.50 -8.52 -5.68 -4.24 0.37 2.65 5.62 -8.02 8.52 6.77
EPS in Rs 0.48 -2.35 -2.82 -2.05 -3.88 -2.59 -1.93 0.17 1.21 2.35 -3.08 3.07 2.44
Raw PDF

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
299 364 430 493 531 475 556 667 625 296 294 475 476
272 324 385 435 455 416 483 585 554 304 315 452 445
Operating Profit 26 40 45 58 76 60 73 81 71 -8 -22 23 31
OPM % 9% 11% 11% 12% 14% 13% 13% 12% 11% -3% -7% 5% 7%
2 2 3 8 1 2 3 7 3 2 2 3 4
Interest 1 0 0 1 1 1 0 1 1 1 4 6 3
Depreciation 4 4 5 6 5 5 5 6 6 7 9 14 15
Profit before tax 23 37 43 59 72 56 69 82 67 -13 -32 6 17
Tax % 33% 30% 30% 32% 34% 34% 33% 35% 22% 23% 23% 26%
16 26 30 41 47 37 46 53 52 -10 -25 4 13
EPS in Rs 7.12 11.84 13.60 18.49 21.60 16.88 21.05 24.21 23.88 -4.65 -11.33 1.84 4.78
Dividend Payout % 24% 26% 28% 28% 25% 25% 25% 17% 6% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: -3%
3 Years: -9%
TTM: 13%
Compounded Profit Growth
10 Years: -16%
5 Years: -37%
3 Years: -56%
TTM: 287%
Stock Price CAGR
10 Years: 9%
5 Years: 8%
3 Years: 43%
1 Year: 17%
Return on Equity
10 Years: 13%
5 Years: 5%
3 Years: -4%
Last Year: 1%

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 8 11 11 11 11 11 11 11 11 11 11 12 14
Reserves 49 63 83 110 143 173 208 248 292 282 258 318 374
4 0 0 0 0 0 0 0 1 16 81 36 0
37 49 50 56 67 61 80 95 72 72 69 75 90
Total Liabilities 97 123 145 177 222 245 299 353 376 381 419 442 479
40 43 53 79 85 87 87 94 93 90 198 236 230
CWIP 2 5 1 0 3 3 5 37 117 148 43 1 1
Investments 1 1 1 1 1 24 59 23 15 29 68 85 86
54 74 90 97 133 131 149 200 152 113 110 120 161
Total Assets 97 123 145 177 222 245 299 353 376 381 419 442 479

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
20 41 24 28 11 71 26 35 57 52 -19 12
-6 -10 -11 -36 -10 -29 -39 -28 -58 -60 -44 -20
-5 -4 -13 -11 -14 -14 -11 -15 -7 14 61 6
Net Cash Flow 9 27 1 -19 -13 28 -24 -7 -8 6 -2 -2

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 7 7 11 24 52 36 51 55 46 29 26 21
Inventory Days 46 29 26 26 33 38 42 42 39 78 76 53
Days Payable 24 29 30 26 34 38 45 43 32 71 63 44
Cash Conversion Cycle 29 7 7 23 51 37 48 54 53 36 39 30
Working Capital Days 10 -12 -3 8 37 24 35 40 38 22 26 25
ROCE % 45% 56% 51% 54% 52% 32% 34% 33% 24% -4% -9% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.70% 52.70% 52.70% 52.70% 52.70% 52.70% 52.70% 49.49% 46.46% 42.74% 42.74% 42.74%
0.00% 0.03% 0.19% 0.13% 0.01% 0.48% 0.66% 0.44% 0.43% 0.46% 0.49% 0.48%
2.40% 0.59% 0.47% 0.20% 0.20% 0.20% 0.70% 1.23% 0.76% 0.41% 0.41% 0.41%
44.90% 46.68% 46.64% 46.97% 47.09% 46.62% 45.95% 48.86% 52.35% 56.40% 56.39% 56.39%
No. of Shareholders 42,05642,10742,26543,52545,60343,62139,92140,81944,43346,84949,41449,815

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls