Atul Auto Ltd - Stock Valuation and Financial Performance

BSE: 531795 | NSE: ATULAUTO | Automobile Two & Three Wheelers | Small Cap

Atul Auto Share Price

480 1.40 0.29%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Atul Auto

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Atul Auto stock performance -

mw4me loader
P/E Ratio (SA):
102.54
Market Cap:
1,321.8 Cr.
52-wk low:
305.6
52-wk high:
692.9

Is Atul Auto Ltd an attractive stock to invest in?

1. Is Atul Auto Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Atul Auto Ltd is a average quality company.

2. Is Atul Auto Ltd undervalued or overvalued?

The key valuation ratios of Atul Auto Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Atul Auto Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Atul Auto Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Atul Auto:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Atul Auto Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 35.6%36.7%34.7%22.1%23%22.6%18.7%-3.1%-6.7%2.5%-
Value Creation
Index
1.51.61.50.60.60.60.3-1.2-1.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 430493531475556667625296294475469
Sales YoY Gr.-14.6%7.8%-10.5%17%19.9%-6.2%-52.7%-0.7%61.6%-
Adj EPS 13.617.821.516.92124.323.6-4.6-11.31.94.6
YoY Gr.-31.3%20.8%-21.7%24.7%15.6%-2.8%-119.6%NANA-
BVPS (₹) 4355.170.484100117.9138.2133.7122.5138.3142.3
Adj Net
Profit
29.839.147.33746.253.351.8-10.1-24.74.513
Cash Flow from Ops. 2428.110.971.126.135.257.352-1912.1-
Debt/CF from Ops. 00000000.3-4.23-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.1%-3.1%-8.8%61.6%
Adj EPS -19.8%-38.4%-57.1%NA
BVPS13.9%6.7%0%12.9%
Share Price 10.3% 6.9% 38.5% 54.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
35.336.334.321.922.922.318.4-3.4-8.81.53.3
Op. Profit
Mgn %
10.611.614.312.51312.311.3-2.5-7.34.96.6
Net Profit
Mgn %
6.97.98.97.88.388.3-3.4-8.40.92.7
Debt to
Equity
00000000.10.30.1-
Working Cap
Days
313959727086971561257947
Cash Conv.
Cycle
19273534435072402419

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.30%

Sales growth is good in last 4 quarters at 14.51%

Sales growth has been subdued in last 3 years -8.78%

Net Profit has been subdued in last 3 years -57.13%

Latest Financials - Atul Auto Ltd.

Standalone Consolidated
TTM EPS (₹) 4.6 2.7
TTM Sales (₹ Cr.) 469 509
BVPS (₹.) 142.3 147.1
Reserves (₹ Cr.) 381 394
P/BV 3.35 3.24
PE 102.54 176.24
From the Market
52 Week Low / High (₹) 305.60 / 692.90
All Time Low / High (₹) 0.78 / 722.00
Market Cap (₹ Cr.) 1,322
Equity (₹ Cr.) 13.9
Face Value (₹) 5
Industry PE 34.8

Management X-Ray of Atul Auto:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Atul Auto

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales430493531475556667625296294475
Operating Expenses 385435455416483585554304315452
Manufacturing Costs7788139116710
Material Costs331372385346403495451239240370
Employee Cost 26303536374551363742
Other Costs 20262726303741233129
Operating Profit 45577659738171-8-2223
Operating Profit Margin (%) 10.6%11.6%14.3%12.5%13.0%12.2%11.4%-2.6%-7.3%4.9%
Other Income 3622373223
Interest 0111011146
Depreciation 55555667914
Exceptional Items 0200000000
Profit Before Tax 43597256698267-13-326
Tax 13192419232915-3-82
Profit After Tax 30414737465352-10-254
PAT Margin (%) 6.9%8.2%8.9%7.8%8.3%8.0%8.4%-3.4%-8.5%0.9%
Adjusted EPS (₹)13.618.521.616.921.124.223.9-4.7-11.31.8
Dividend Payout Ratio (%)28%27%24%25%25%17%6%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 94121155184219259303293269330
Share Capital 11111111111111111112
Reserves 83110143173208248292282258318
Minority Interest0000000000
Debt0000000157025
Long Term Debt0000000156421
Short Term Debt0000000054
Trade Payables27273636495939474145
Others Liabilities 23303125313634263136
Total Liabilities 145177222245299353376381411435

Fixed Assets

Gross Block83117127133138150154157272325
Accumulated Depreciation31374247525761687790
Net Fixed Assets5380858686939390196234
CWIP 1033537117149431
Investments 11125592315296885
Inventories23263536465748515054
Trade Receivables133276477810078232128
Cash Equivalents 4526134318172854
Others Assets8129572623312929
Total Assets 145177222245299353376381411435

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2428117126355752-1912
PBT 43597256698267-13-326
Adjustment 5653437101321
Changes in Working Capital -11-20-4132-24-222561-15
Tax Paid -13-16-25-20-23-27-19000
Cash Flow From Investing Activity -11-36-10-29-39-28-58-60-44-20
Capex -11-36-10-8-7-60-73-39-10-4
Net Investments 000-21-333910-1011-17
Others 00000-65-11-451
Cash Flow From Financing Activity -13-11-14-14-11-15-714616
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-1-1-1-4-6
Dividend Paid -11-9-12-12-9-12-6000
Others -2-2-2-2-2-2-1156513
Net Cash Flow 1-19-1328-24-7-86-2-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)35.437.7334.4521.8822.8922.2318.65-3.42-8.851.47
ROCE (%)51.0755.5352.4633.4534.6134.6524.23-4.03-8.673.44
Asset Turnover Ratio3.593.342.992.282.092.041.710.780.741.12
PAT to CFO Conversion(x)0.80.680.231.920.570.661.1N/AN/A3
Working Capital Days
Receivable Days8153342404952622719
Inventory Days18171924262831616340
Payable Days28263038394040656742

Atul Auto Ltd Stock News

Atul Auto Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Atul Auto on 28-Mar-2024 16:01 is ₹480.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Atul Auto stood at ₹1,321.8.
The latest P/E ratio of Atul Auto as of 28-Mar-2024 16:01 is 102.5.
The latest P/B ratio of Atul Auto as of 28-Mar-2024 16:01 is 3.35.
The 52-week high of Atul Auto is ₹692.9 and the 52-week low is ₹305.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Atul Auto is ₹469.3 ( Cr.) .

About Atul Auto Ltd

Atul Auto, an Atul group company was originally incorporated as a Atul Auto (Jamnagar) Pvt. Ltd on June 18, 1986 under the Companies Act,1956, in the State of Maharashtra. Late Mr. Jagjivanbhai Karsanbhai Chandra was the founder of the company, having started the company with a small capital of only Two thousand Rupees in 1986, today it has achieved a turnover of Rs 168 crore. The Name of the Company was changed from Atul Auto (Jamnagar) Pvt. Ltd. to Atul Auto Pvt. Ltd. August 12, 1994.  The Company was subsequently converted into Public Limited Company and fresh certificate of incorporation was obtained on August 12, 1994 from the Registrar of the Companies, Gujarat.

The Company is the leading manufacturers of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacture of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles. These vehicles are marketed under the brand name of KHUSHBU, which is well established and very popular.

Atul Auto pioneered motorized rural transport in Gujarat, with multi purpose vehicle called the Khushbu.  The Khushbu has been instrumental in transforming the economy of Gujarat by bridging the rural-urban divide.  Over 1,50,000 Khushbu brand vehicles are ply on the roads of Gujarat. 

For more than two decades, ATUL GROUP is renowned as leading manufacturer of three-wheeled commercial vehicles in the state of Gujarat. From common people’s favorite vehicle CHHAKADA to today’s SHAKTI Atul Group had come a long way.

Back in the 1970’s, when transportation was a crucial problem especially in rural areas, Jagjivanbhai Karsanbhai Chandra decided to blaze a new trail. He was thinking of an affordable mode of transportation which can benefit rural folks of Saurashtra. The road conditions were not good but the need for transportation was increasing day in and day out. After thorough research and planning, he came up with a vehicle which was skillfully engineered from a motorcycle. And this is how the first 'chhakada' was developed which later became a way of life for the people of Saurashtra.  The improvements in technologies were done from time to time to make it a sturdy and comfortable vehicle. The company will set up a second plant in the next two years. Currently Atul Auto dishes out 16 models of its vehicles from its only factory in Rajkot which produces 24000 units per year.

The company has already obtained CMVR and Roadworthiness Certificates for the existing range of products viz. Chassis for goods carriage/ 6-passenger Auto Rickshaw with steering wheel and Pick Up.

In 2011 the company formed a JV with Rudolf GmbH (Germany)2012-2013 marked many achievements for the company- Establishment of tissue cultured date palm production facility in Jodhpur for the first time in India- Commissioning of the world biggest p-Cresol facility in Ankleshwar- Establishment of 22,000 square feet R&D facility to grow APIs and API Inters business- Upgradation of environment facilities at Valsad Complex (in 3 sites)'

2011 - Atul Auto - A new tie up with Atul Autos Bangladesh Ltd, Uttara, Bangladesh
2012 CNBC Award to Atul Auto Ltd.
        Company has entered into a Long Term Supply Agreement with Greaves Cotton Limited for supply of diesel engines for Company's three wheelers.

Products of the company:

Goods Carriers

  • Pickup Van Standard
  • Delivery Van
  • Pickup Van Highdeck
  • Pickup Van  Standard CNG
  • Delivery Van CNG
  • Pickup Van  Highdeck CNG
  • GEM Cargo / Cargo XL

Passenger Carriers

  • 3+1 Passenger Carriers
  • 4+1 Passenger Carriers
  • 6+1 Passenger Carriers
  • CNG Passenger
  • LPG Passenger
  • Rear Engine Passenger
  • GEM Paxx

Special Purpose Vehicle

  • Chicken Carrier
  • Tipper
  • Water Tank Carrier
  • Soft Drink Carrier
  • Mobile Shop
  • Hopper
  • Bio Hazard
  • Vegetable Vending

Other group companies-

  • Atul Motors Pvt. Ltd. -- Marketing of Maruti Range of Cars & 4-Wheelers
  • Atul Auto Agencies -- Distributors of Honda 2-Wheelers
  • Atul Automotives -- Distributors of Mahindra LCVs
  • Atul Petroleums  -- Dealing in Petroleum Fuels & Products
  • Atul Tele Services -- Mobile and Tele Communication Services
  • Atul Rachna Pvt. Ltd. -- Real Estate Developers & Builders
  • Atul Auto Batteries Pvt. Ltd. -- Batery Manufacturer
  • Khushbu Auto Finance Ltd.  --Auto Finance Company
  • Khushbu Auto Pvt. Ltd. -- Centralised Marketing Organisation
  • New Chandra Motor Cycle House --Distributors of LML Vespa Scooter, Royal Enfield Motor Cycles, etc.

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