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Atul Auto Ltd (ATULAUTO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531795 NSE: ATULAUTO Automobile Two & Three Wheelers | Small Cap | Atul Auto Share Price

₹470.40 3.55 (0.76%)

As on 04-Jun'26 16:59

Atul Auto Ltd (ATULAUTO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531795 NSE: ATULAUTO Automobile Two & Three Wheelers | Small Cap | Atul Auto Share Price

₹470.40 3.55 (0.76%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,305 Cr.
Current Price
₹470.4
52-Week Low / High
₹381 / 554
TTM EPS
₹19.4
TTM Sales
₹774 Cr.
Book Value per Share
₹169.7
P/E Ratio
24.30
Lower than its 5-year historical median
Industry PE
31.3
Price to Book (P/B)
2.77
In line with its 5-year historical median
Price to Sales (P/S)
1.69
Lower than its 5-year historical median
EV/EBITDA
14.40
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
8.28%
Outperforms industry median
Return on Capital Employed (ROCE)
11.21%
Outperforms industry median
Return on Assets (ROA)
6.86%
Operating Profit Margin
8.9%
Net Profit Margin
5.36%
Gross Profit Margin
9.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
34.46%
Operating Profit Growth (1 Year)
-
89.67%
Net Profit Growth (1 Year)
-
157.02%
Asset Quality
Promoter Holding
42.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹457 Cr.
Equity
₹13.9 Cr.
Face Value
₹5
All Time Low / High
₹0.78 / 840.00

Atul Auto stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Atul Auto Ltd a good quality company?
Atul Auto Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Atul Auto Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Atul Auto Ltd vs industry peers?
Atul Auto Ltd revenue CAGR is 0.65%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Atul Auto Ltd?
Promoters hold 42.70% of the Atul Auto Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Atul Auto Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.3% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 52.5%33.5%34.6%34.7%24.2%-4%-8.7%3.4%5.1%11.2%-
Value Creation
Index
2.81.41.51.50.7-1.3-1.6-0.8-0.6-0.2-

Growth Parameters

Sales 531475556667625296294475480646774
Sales YoY Gr.--10.5%17%19.9%-6.2%-52.7%-0.7%61.6%1.2%34.5%-
Adj EPS 21.516.92124.323.6-4.6-11.31.94.812.519.4
YoY Gr.--21.7%24.7%15.6%-2.8%-119.6%NANA157%161.5%-
BVPS (₹) 70.484100117.9138.2133.7122.5138.3144.5156.8169.7
Adj Net
Profit
47.33746.253.351.8-10.1-24.74.513.334.754
Cash Flow from Ops. 10.971.126.135.257.352-1912.112.660.2-
Debt/CF from Ops. 000000.3-4.2300-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.2%0.7%30%34.5%
Adj EPS -5.9%-11.9%NA161.5%
BVPS9.3%2.6%8.6%8.5%
Share Price -0.7% 19.6% 11.3% -0.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
34.321.922.922.318.4-3.4-8.81.53.68.311.9
Op. Profit
Mgn %
14.312.51312.311.3-2.5-7.34.96.38.910.6
Net Profit
Mgn %
8.97.88.388.3-3.4-8.40.92.85.46.9
Debt to
Equity
000000.10.30.1000
Working Cap
Days
597270869715612579868452
Cash Conv.
Cycle
2735344350724024363430

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales531475556667625296294475480646
Operating Expenses + 455416483585554304315452450589
Manufacturing Costs881391167101212
Material Costs385346403495451239240370367477
Employee Cost 35363745513637424963
Other Costs 27263037412331292237
Operating Profit 7659738171-8-22233057
Operating Profit Margin (%) 14.3%12.5%13.0%12.2%11.4%-2.6%-7.3%4.9%6.3%8.8%
Other Income + 2237322355
Exceptional Items 0000000000
Interest 1101114621
Depreciation 5556679141515
Profit Before Tax 7256698267-13-3261846
Tax 2419232915-3-82412
Profit After Tax 4737465352-10-2541335
PAT Margin (%) 8.9%7.8%8.3%8.0%8.4%-3.5%-8.5%0.9%2.8%5.4%
Adjusted EPS (₹)21.616.921.124.223.9-4.7-11.31.84.912.5
Dividend Payout Ratio (%)24.30%25.20%24.90%16.50%6.30%0%0%0%0%0%

Valuation of Atul Auto - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 155184219259303293269330401435
Share Capital 11111111111111121414
Reserves 143173208248292282258318387422
Debt +0000015702500
Long Term Debt0000015642100
Short Term Debt0000005400
Minority Interest0000000000
Trade Payables36364959394741453860
Others Liabilities 31253136342631363045
Total Liabilities 222245299353376381411436469540

Fixed Assets

Net Fixed Assets +858686939390196234229227
Gross Block127133138150154157272325332345
Accumulated Depreciation4247525761687790104119
CWIP 3353711714943101
Investments 125592315296885110113
Inventories35364657485150545368
Trade Receivables764778100782321284758
Cash Equivalents 1343181728541216
Others Assets 95726233129291856
Total Assets 222245299353376381411436469540

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 117126355752-19121360
PBT 7256698267-13-3261746
Adjustment 534371013211415
Changes in Working Capital -4132-24-222561-15-20-1
Tax Paid -25-20-23-27-19-0-001-0
Cash Flow From Investing Activity + -10-29-39-28-58-60-44-20-25-55
Capex -10-8-7-60-73-39-10-4-7-16
Net Investments 0-21-333910-1011-17-522
Others 0-00-65-11-451-14-62
Cash Flow From Financing Activity + -14-14-11-15-71461620-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-1-1-1-4-6-2-1
Dividend Paid -12-12-9-12-600000
Others -2-2-2-2-115651322-0
Net Cash Flow -1328-24-7-86-2-274

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)34.4521.8822.8922.2318.65-3.42-8.851.473.688.28
ROCE (%)52.4633.4534.6134.6524.23-4.03-8.673.445.0711.21
Asset Turnover Ratio2.992.282.092.041.710.780.741.121.061.28
PAT to CFO Conversion(x)0.231.920.570.661.1N/AN/A311.71
Working Capital Days
Receivable Days33.3042.4040.2048.9052.1062.5027.3018.7028.5029.80
Inventory Days18.6024.4026.4028.3030.8061.2062.7039.9040.6034.20
Payable Days29.703838.7039.9039.6065.3066.7042.4041.2037.60

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Atul Auto Ltd FAQs

The current trading price of Atul Auto on 04-Jun-2026 16:59 is ₹470.4.

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 03-Jun-2026 the market cap of Atul Auto stood at ₹1,305.4 Cr

The latest P/E ratio of Atul Auto as of 03-Jun-2026 is 24.30.

The latest P/B ratio of Atul Auto as of 03-Jun-2026 is 2.77.

The 52-week high of Atul Auto is ₹554.2 and the 52-week low is ₹381.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Atul Auto is ₹774 ( Cr.) .

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

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

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

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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