MarketFriction

Atul Auto Ltd

NSE ATULAUTO · BSE 531795 · Commercial Vehicles
₹424.80 -5.21%
NSE close2026-10-01
52 week range380.05 - 596.55
Market cap₹1,217 Cr.
P/E25.2
Price band 20% Delivery 22.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales153.17154.33160.14135.21181.65194.99211.14152.78200.17230.86240.58218.43
Expenses135.97140.62146.83127.66168.67178.33196.03142.77181.66202.59213.27201.56
Operating Profit17.2013.7113.317.5512.9816.6615.1110.0118.5128.2727.3116.87
OPM %11.23%8.88%8.31%5.58%7.15%8.54%7.16%6.55%9.25%12.25%11.35%7.72%
Other Income0.140.740.790.640.530.710.640.280.38-0.840.951.30
Interest2.963.203.212.342.442.862.542.492.642.721.442.73
Depreciation4.574.574.434.504.534.534.464.554.654.694.594.67
Profit before tax9.816.686.461.356.549.988.753.2511.6020.0222.2310.77
Tax %27.32%33.08%24.46%43.70%30.12%28.66%32.69%36.62%28.71%27.17%17.59%25.35%
Net Profit7.134.474.880.764.577.125.892.068.2714.5818.328.04
EPS in Rs2.741.831.920.481.952.792.581.063.305.535.332.86
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales531475556667625296315513527723824890
Expenses455416483585554304332477487670740799
Operating Profit7660738171-8-163640528491
OPM %14%13%13%12%11%-2.6%-5%7%8%7%10%10%
Other Income123732122212
Interest1101118161310910
Depreciation555667101618181819
Profit before tax7256698267-13-33611275765
Tax %34%34%33%35%22%-22%-23%46%34%31%24%
Net Profit4737485554-8-2537184349
EPS in Rs21.6016.7321.8225.0924.43-3.73-11.371.683.247.7915.2317.02
Dividend Payout %25%25%24%16%6%0%0%0%0%0%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%23%17%20%
Compounded Profit Growth-1%47%125%107%
Stock Price CAGR-1%15%-10%-8%
Return on Equity8%3%6%9%
Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital61111111111111112141414
Reserves28142173210251297289266336406427470
Borrowings870000116188171144110145
Other Liabilities27676180957272819091120135
Total Liabilities147221245301357380388545609655671763
Fixed Assets34858787949390199258250246237
CWIP1033537117150601013
Investments00236026183101723057
Other Assets103133131149200152117285332382424467
Total Assets147221245301357380388545609655671763
Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1117126355752-169-18-102540
Cash from Investing Activity-10-10-29-39-28-58-604-24-149-66
Cash from Financing Activity9-14-14-11-15-7141643940-3733
Net Cash Flow0-1328-24-7-86-1-216-37
Free Cash Flow-916319-25-171-179-25-19929
CFO/OP-223%47%152%68%77%107%-684%1,006%-43%-21%67%66%
Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days185236515546292319332730
Inventory Days11333384242788066766258
Days Payable4234384543716347404750
Cash Conversion Cycle895137485446363938694238
Working Capital Days3963724354037111510415119
ROCE %9%32%34%34%24%-4%-6%4%4%6%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.74%42.74%42.74%42.74%42.74%42.74%42.74%42.74%42.70%42.70%42.70%42.70%
FIIs0.46%0.49%0.48%0.59%0.58%0.63%0.69%0.37%0.01%0.38%0.84%0.53%
DIIs0.41%0.41%0.41%0.41%0.31%0.13%0.13%0.13%0.10%0.10%0.10%0.07%
Public56.40%56.39%56.39%56.28%56.39%56.52%56.44%56.76%57.19%56.83%56.37%56.71%
No. of Shareholders46,84949,41449,81549,22857,80358,64959,88260,50463,28961,38259,04659,890

Fundamentals

Market Cap₹ 1,217 Cr.
Current Price₹ 439
Stock P/E25.2
Book Value₹ 174
ROCE11.3 %
ROE9.30 %
Dividend Yield0.68 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)107%
Consolidated figures.
Valuation
Market capRs 1,179 Cr
Enterprise valueRs 1,298 Cr
P/E (TTM)24.95x
Price to book2.44x
Price to sales1.32x
EV / EBITDA13.99x
EV / EBIT17.50x
EV / sales1.46x
Price to cash flow29.48x
Earnings yield4.01%
Dividend yield0.71%
P/E, 3-year average76.26x
P/B, 3-year average2.71x
P/E, 5-year average103.97x
P/B, 5-year average2.31x
Profitability
Operating margin (excl. other income)10.20%
Operating margin (incl. other income)10.29%
EBITDA margin10.42%
Pre-tax margin7.26%
Net profit margin5.31%
Net margin, latest quarter3.63%
ROE9.14%
ROCE11.26%
ROA5.89%
ROE, 3-year average5.50%
ROCE, 3-year average7.43%
ROA, 3-year average3.53%
ROE, 5-year average1.83%
ROCE, 5-year average4.10%
ROA, 5-year average1.18%
ROIC (approx.)9.32%
Tax rate24.29%
Other income / net worth0.16%
Growth
Sales growth (latest year)14.07%
Profit growth (latest year)95.38%
Sales CAGR, 3 years17.12%
Sales CAGR, 5 years22.74%
Profit CAGR, 3 years119.43%
Sales growth QoQ-9.21%
Profit growth QoQ-46.38%
Sales growth YoY (latest quarter)42.97%
Profit growth YoY (latest quarter)168.81%
Per share
EPS (TTM)Rs 17.02
EPS (latest year)Rs 15.23
EPS (latest quarter)Rs 2.86
EPS, 3-year averageRs 8.75
EPS, 5-year averageRs 3.31
Book value per shareRs 174.24
Sales per shareRs 320.72
Cash flow per shareRs 14.41
Free cash flow per shareRs 10.45
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.00
Dividends
Dividend payout19.71%
Dividend payout, 3-year average19.71%
Dividend payout, 5-year average19.71%
Efficiency
Asset turnover1.08x
Fixed asset turnover3.48x
Inventory turnover6.45x
Inventory days57 days
Debtor days30 days
Debtors turnover12.00x
Creditor days50 days
Cash conversion cycle38 days
Working capital days19 days
Leverage
Total debtRs 145 Cr
Cash and bankRs 26 Cr
Net debtRs 119 Cr
Debt to equity0.30x
Net debt / EBITDA1.28x
Interest coverage7.78x
Current ratio (filing 2026-03-31)1.58x
Quick ratio (filing 2026-03-31)1.17x
Trade payables (filing 2026-03-31)Rs 79 Cr
Owners' fund to total sources63.33%
Debt to assets18.94%
Cash flow
Cash from Operating Activity (latest year)Rs 40 Cr
Cash from Investing Activity (latest year)Rs -66 Cr
Cash from Financing Activity (latest year)Rs 33 Cr
Net Cash Flow (latest year)Rs 7 Cr
Free cash flow (latest year)Rs 29 Cr
FCFE (approx.: FCF + change in debt)Rs 64 Cr
Cash from ops / profit, 5 years-2.87x
Sales to cash flow20.61x
Statement figures
Net sales (TTM)Rs 890 Cr
Net sales (latest year)Rs 824 Cr
Sales (latest quarter)Rs 218 Cr
Operating profit excl. other income (latest year)Rs 84 Cr
Operating profit (latest quarter)Rs 17 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 93 Cr
PBDT (TTM)Rs 83 Cr
Profit before tax (TTM)Rs 65 Cr
Tax (latest year)Rs 14 Cr
Net profit (TTM)Rs 47 Cr
Net profit (latest year)Rs 42 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 593 Cr
Total expenditure (latest year)Rs 740 Cr
Total income (latest year)Rs 825 Cr
Share capitalRs 14 Cr
ReservesRs 470 Cr
Shareholders' fundsRs 484 Cr
Total assetsRs 763 Cr
Net blockRs 237 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 57 Cr
ReceivablesRs 69 Cr
InventoryRs 92 Cr
Other liabilitiesRs 135 Cr
Shares outstanding (crore)2.78
Ownership
Promoter holding42.70% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 25.0 is at the 42th percentile of its own 7.1-year range (median 31.6, low 7.0, high 396.9).
P/B 2.44 is at the 32th percentile (median 2.96).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodATULAUTONifty 50Difference
1 week-5.1%-2.8% -2.3 pts
1 month-10.8%-6.8% -4.0 pts
3 months-13.3%-7.6% -5.7 pts
6 months+11.1%+0.4% +10.7 pts
1 year-13.6%-9.9% -3.7 pts
2 years-34.6%-13.6% -21.0 pts
3 years-29.4%+14.2% -43.6 pts
5 years+91.5%+27.9% +63.6 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹218 Cr +43.0% vs Jun 2025. Net profit ₹8 Cr +290.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 3 Per Share
2024-09-19Annual General Meeting
2023-09-22Annual General Meeting
2022-09-19Annual General Meeting
2021-09-20 Annual General Meeting
2020-09-21 Annual General Meeting
2019-11-21 Interim Dividend - Rs 1.5 Per Share
2019-09-20 Annual General Meeting/Dividend - Rs 1.25 Per Share
2018-11-16 Interim Dividend - Rs 2.75 Per Sh
2018-09-19 Annual General Meeting/Dividend- Rs 2.50 Per Share
2017-12-13 Interim Dividend - Rs 2.75 Per Share
2017-09-21 Annual General Meeting/ Dividend - Rs 1.5 Per Share
2016-11-23 Interim Dividend Rs 2.75 Per Share
2016-09-08 Annual General Meeting/ Dividend - Rs 2.50 Per Share
2015-11-10 Interim Dividend - Rs 2.75/- Per Share
2015-08-21 Annual General Meeting/ Dividend - Rs 2.50/- Per Share
2014-11-13Interim Dividend - Rs 2.50/- Per Share
2014-09-12Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2014-08-05Annual General Meeting / Final Dividend - Rs 3.5/- Per Share (Book Closure Dates Revised)
2013-11-08Interim Dividend - Rs 4/- Per Share
2013-07-04Annual General Meeting And Dividend Rs.6/- Per Share
DateTypeWhat it says
2026-10-01General UpdatesInvestment in wholly owned subsidiary
2026-10-01Monthly updateMonthly Business Updates for the month of September 2026
2026-09-18Shareholder meetingProceedings of Annual General Meeting held on September 18, 2026
2026-09-01General UpdatesIntimation of communication to Shareholders with respect to Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,...
2026-09-01Monthly updateMonthly Business Updates for the month of August 2026
2026-08-31General UpdatesCommunication to Shareholders - Intimation on Tax Deduction on Dividend & Updation of Email ID s, Phone No. and Bank details
2026-08-26Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-26Shareholder meetingNotice of Annual General Meeting to be held on September 18, 2026 38th
2026-08-08Press ReleaseA press release dated August 08, 2026, titled "Press release for Financial results of quarter ended June 30, 2026".
2026-08-08Board meeting outcomeAtul Auto Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-01Monthly updateMonthly Business Updates for the month of July 2026
2026-07-31Volume querySignificant increase in volume has been observed in Atul Auto Limited. The Exchange, in order to ensure that investors have latest relevant informatio...
2026-07-30Volume querySignificant increase in volume has been observed in Atul Auto Limited. The Exchange, in order to ensure that investors have latest relevant informatio...
2026-07-01Monthly updateMonthly Business Updates for the month of June 2026
2026-06-11Disclosure under SEBI TakeovNeeraj Chandra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-06-09AppointmentAppointment of Mr Piyush Mistry as Head HR ER and Admin of the company w.e.f. Jun 08, 2026.
2026-06-01Monthly updateMonthly Business Updates for the month of May 2026
2026-05-16DividendBoard of Directors at its meeting held on May 16, 2026, recommended Final Dividend of Rs. 3 per equity share.
2026-05-16Board meeting outcomeAtul Auto Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-01Monthly updateMonthly Business Updates for the month of April 2026
2026-04-24Press ReleaseA press release dated April 24, 2026, titled "ATUL AUTO AND EXPONENT ENERGY PARTNER TO LAUNCH 15-MINUTE RAPID CHARGING PASSENGER 3-WHEELERS; COMMIT 15...
2026-04-24Order winBagging/Receiving of orders/contracts
2026-04-20Shareholder meetingVoting results.
2026-04-01Monthly updateMonthly Business Updates for the month of March 2026
2026-03-17Shareholder meetingNotice of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03