Atul Auto Ltd

Atul Auto Ltd

₹ 467 -0.30%
08 Jun 9:27 a.m.
About

Incorporated in 1986, Atul Auto Ltd manufactures and exports Auto rickshaws[1]

Key Points

Business Overview:[1][2]
Atul Auto Ltd. (AAL) operates in the three-wheeler segment of the automotive industry, manufacturing a complete range of vehicles under the Atul brand. Its offerings span goods and passenger segments, including petrol, diesel, LPG, and electric variants, along with spare parts and allied products. The company holds approximately 4% of the domestic market and a 3% share in combined domestic and export sales among Indian manufacturers, making it the only player with such a comprehensive product portfolio in this space.

  • Market Cap 1,295 Cr.
  • Current Price 467
  • High / Low 554 / 380
  • Stock P/E 23.7
  • Book Value 170
  • Dividend Yield 0.00 %
  • ROCE 16.2 %
  • ROE 12.1 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 48.0% CAGR over last 5 years

Cons

  • Stock is trading at 2.76 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.23% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.78%

* 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
141 50 139 146 145 127 165 175 180 137 181 214 230
129 57 124 134 135 118 149 159 163 128 163 187 205
Operating Profit 12 -7 15 12 10 9 15 16 17 9 18 27 25
OPM % 8% -14% 11% 8% 7% 7% 9% 9% 9% 7% 10% 13% 11%
1 1 1 2 1 1 1 1 1 1 2 1 2
Interest 2 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 7 -11 11 9 8 6 13 13 14 7 16 24 23
Tax % 18% -25% 25% 27% 22% 25% 25% 25% 26% 25% 25% 25% 25%
6 -8 9 7 6 5 10 10 11 5 12 18 17
EPS in Rs 2.35 -3.08 3.07 2.44 2.23 1.64 3.43 3.60 3.81 1.77 4.27 6.54 6.27
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
493 531 475 556 667 625 296 294 475 480 646 786
435 455 416 483 585 554 304 315 452 450 589 704
Operating Profit 58 76 60 73 81 71 -8 -22 23 30 57 82
OPM % 12% 14% 13% 13% 12% 11% -3% -7% 5% 6% 9% 10%
8 1 2 3 7 3 2 2 3 5 5 6
Interest 1 1 1 0 1 1 1 4 6 2 0 1
Depreciation 6 5 5 5 6 6 7 9 14 15 15 16
Profit before tax 59 72 56 69 82 67 -13 -32 6 18 46 72
Tax % 32% 34% 34% 33% 35% 22% -23% -23% 26% 24% 25% 25%
41 47 37 46 53 52 -10 -25 4 13 35 54
EPS in Rs 18.49 21.60 16.88 21.05 24.21 23.88 -4.65 -11.33 1.84 4.85 12.48 19.35
Dividend Payout % 28% 25% 25% 25% 17% 6% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 22%
3 Years: 18%
TTM: 22%
Compounded Profit Growth
10 Years: 2%
5 Years: 48%
3 Years: 133%
TTM: 59%
Stock Price CAGR
10 Years: -1%
5 Years: 20%
3 Years: 10%
1 Year: -2%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 8%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 11 11 11 11 11 11 11 11 12 14 14 14
Reserves 110 143 173 208 248 292 282 258 319 387 422 457
0 0 0 0 0 1 16 81 36 0 0 0
56 67 61 80 95 72 72 69 75 69 105 126
Total Liabilities 177 222 245 299 353 376 381 419 442 471 540 597
79 85 87 87 94 93 90 198 236 230 228 222
CWIP 0 3 3 5 37 117 148 43 1 0 1 3
Investments 1 1 24 59 23 15 29 68 85 110 113 166
97 133 131 149 200 152 113 110 120 131 198 206
Total Assets 177 222 245 299 353 376 381 419 442 471 540 597

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
28 11 71 26 35 57 52 -19 12 13 60 65
-36 -10 -29 -39 -28 -58 -60 -44 -20 -25 -55 -75
-11 -14 -14 -11 -15 -7 14 61 6 20 -1 14
Net Cash Flow -19 -13 28 -24 -7 -8 6 -2 -2 7 4 4
Free Cash Flow -8 1 63 19 -25 -16 13 -29 8 6 44 54
CFO/OP 77% 47% 152% 68% 77% 107% -686% 86% 51% 40% 106% 99%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 24 52 36 51 55 46 29 26 21 36 33 32
Inventory Days 26 33 38 42 42 39 78 76 53 54 53 49
Days Payable 26 34 38 45 43 32 71 63 44 39 47 50
Cash Conversion Cycle 23 51 37 48 54 53 36 39 30 51 39 31
Working Capital Days 8 37 24 35 40 38 22 5 14 36 49 56
ROCE % 54% 52% 32% 34% 33% 24% -4% -9% 3% 5% 11% 16%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Capacity Utilization
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Total Vehicle Sales Volume
Units
Installed Production Capacity
Units per annum
Domestic Primary Dealers
Number
Electric Vehicle Sales (AGPL)
Units
Domestic Market Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

34 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
46.46% 42.74% 42.74% 42.74% 42.74% 42.74% 42.74% 42.74% 42.74% 42.70% 42.70% 42.70%
0.43% 0.46% 0.49% 0.48% 0.59% 0.58% 0.63% 0.69% 0.37% 0.01% 0.38% 0.84%
0.76% 0.41% 0.41% 0.41% 0.41% 0.31% 0.13% 0.13% 0.13% 0.10% 0.10% 0.10%
52.35% 56.40% 56.39% 56.39% 56.28% 56.39% 56.52% 56.44% 56.76% 57.19% 56.83% 56.37%
No. of Shareholders 44,43346,84949,41449,81549,22857,80358,64959,88260,50463,28961,38259,046

* 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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