SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Atul Auto moves up on completing acquisition of 70% stake in Khushbu Auto Finance

03 Sep 2021 Evaluate

Atul Auto is currently trading at Rs. 200.20, up by 1.50 points or 0.75% from its previous closing of Rs. 198.70 on the BSE.

The scrip opened at Rs. 199.10 and has touched a high and low of Rs. 203.80 and Rs. 199.10 respectively. So far 7118 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 237.00 on 13-Jul-2021 and a 52 week low of Rs. 151.25 on 05-Nov-2020.

Last one week high and low of the scrip stood at Rs. 206.85 and Rs. 196.05 respectively. The current market cap of the company is Rs. 440.29 crore.

The promoters holding in the company stood at 52.70%, while Institutions and Non-Institutions held 2.40% and 44.90% respectively.

Atul Auto has completed the acquisition of 70% equity share capital of Khushbu Auto Finance (KAFL) whereby making it Wholly Owned Subsidiary on September 01, 2021. Before the acquisition, the company was holding 1,18,20,000 (30%) equity shares of KAFL. The company has now acquired remaining 2,75,80,000 (70%) equity shares of KAFL. After this acquisition, 100% shares are held by the company.

The acquisition is made with an object to ensure the desired finance support to the retail customers of vehicles of the company. With 100% control over KAFL, it will become a captive finance company. The sufficient availability of finance to the retail customers would give positive effect in sales of vehicles of the company.

Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.


Atul Auto Share Price

466.30 0.20 (0.04%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9777.15
Hero MotoCorp 5229.25
TVS Motor 3743.60
Eicher Motors 7189.40
Ather Energy 850.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×