Atul Ltd logo

Atul Ltd

ATUL NSE

Key Fundamentals

SmallcapSpecialty ChemicalsChemicals
Market Cap
₹19,586 Cr
Volatility
Moderate
P/E Ratio
24.5
EBITDA
₹1,234 Cr
Return on Equity
10.95%
Debt to Equity
0.03
Book Value
₹2,113.31
EPS
₹112.61
52W High
₹7,180
52W Low
₹5,560.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Atul Ltd insights

39 extracted metrics + investor summaries across FY04–FY26.

Log in — free

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • Stock is trading at 3.18 times its book value
  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Company has a low return on equity of 9.23% over last 3 years.

Growth Rate

Revenue Growth
13.77% ↗
Net Income Growth
38.21% ↗
Cash Flow Change
69.58% ↗
ROE
24.29% ↗
ROCE
15.63% ↘
EBITDA Margin (Avg.)
6.13% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Atul Ltd is a nearly debt-free specialty chemicals company with a market cap of ₹20,534 Cr trading at a PE of 25x. After several years of muted profit growth (5-year profit CAGR of just 1%), the company has shown a sharp TTM profit recovery of 59%, though its 3-year ROE of 9% remains below historical averages.

Bull Case 7
  • Company is almost debt-free, providing significant financial flexibility and low interest burden
  • TTM profit growth of 59% signals a strong earnings recovery after years of subdued performance
  • TTM sales growth of 16% shows meaningful revenue acceleration compared to the 5-year sales CAGR of 11%
  • 10-year stock CAGR of 13% demonstrates long-term value creation for shareholders
  • 10-year compounded sales growth of 9% and profit growth of 9% indicate steady long-term business expansion
  • Last year ROE of 11% shows improvement from the 3-year average of 9%, indicating margin recovery
  • Dividend yield of 0.44% provides some income in a capital-intensive sector where many peers pay nothing
Bear Case 8
  • 3-year ROE of only 9% is well below the 10-year average of 13%, indicating deteriorating capital efficiency
  • 5-year stock CAGR of -5% means shareholders have seen capital erosion over a meaningful period
  • 5-year compounded profit growth of just 1% suggests prolonged earnings stagnation prior to recent recovery
  • Trading at 3.26x book value despite delivering sub-par ROE of 9% over 3 years raises valuation concerns
  • 5-year compounded sales growth of 11% is modest for a specialty chemicals company at this valuation multiple
  • PE of 25x is demanding given the inconsistent earnings track record over the last 5 years
  • 3-year stock CAGR of just 1% indicates the market has not rewarded the company despite sector tailwinds
  • ROE trending down from 13% (10-year) to 11% (5-year) to 9% (3-year) shows a structural decline in return ratios

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Positives 3
  • Q1 profit surges 106% YoY Jul 25

    Consolidated net profit jumped 106% YoY to ₹253.93 crore in Q1FY26, driven by 25% revenue increase to ₹1,847.95 crore. Performance and Other Chemicals segment was the key growth driver.

  • AGM approves dividend, key appointments Aug 1

    All five resolutions passed at the 49th AGM on July 31, 2026, including FY26 financials adoption, dividend declaration, and reappointment of Samveg Lalbhai as MD for five years.

  • ₹167 cr capex for herbicides Jul 24

    Board approved ₹167 crore investment for new MCPP-p (1,000 TPA) and MCPA (750 TPA) manufacturing units, funded via internal accruals, to be completed within 67 weeks.

Neutral 3
  • Independent Director postal ballot Aug 6

    Postal ballot initiated to appoint Vinayak Deshpande as Independent Director for a five-year term. Voting window runs August 7 to September 5, 2026.

  • ₹61.75 cr block trade on BSE Jul 21

    Approximately 1,00,000 shares transacted in a single block deal at ₹6,175 per share on BSE, totalling ₹61.75 crore, indicating institutional-level participation.

  • Two senior VPs appointed Jul 20

    Dhaval Vashi (Pharmaceuticals) and Vinay Desai (Technology & Manufacturing) appointed as Senior Vice Presidents effective July 18, 2026.

TL;DR: Atul Ltd is delivering strong operational momentum with Q1 profit more than doubling on robust revenue growth. Capex approval for phenoxy herbicides signals confidence in expanding the agrochemicals portfolio. No material headwinds are visible in recent news flow. The trend is clearly improving, and execution on the new capacity addition over the next 67 weeks will be the key monitorable.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,182
1,194
1,138
1,212
1,322
1,393
1,417
1,452
1,478
1,552
1,574
1,670
1,848
Expenses
1,000
1,039
986
1,065
1,099
1,150
1,193
1,229
1,242
1,284
1,327
1,389
1,454
Operating Profit
182
155
152
148
223
243
224
223
236
267
247
281
394
OPM %
15%
13%
13%
12%
17%
17%
16%
15%
16%
17%
16%
17%
21%
Other Income
10
24
17
16
16
35
19
50
28
50
40
92
35
Interest
2
2
2
5
5
9
4
5
5
5
4
4
4
Depreciation
52
54
61
76
77
78
81
82
82
81
80
79
78
PBT
138
124
105
83
158
191
158
186
177
231
203
289
347
Tax %
26%
26%
32%
29%
29%
27%
26%
30%
25%
21%
20%
27%
27%
Net Profit
102
91
72
59
112
140
117
130
132
182
164
211
254
EPS in Rs
35.02
30.6
24.04
19.84
38
46.47
36.93
42.97
43.4
60.88
54.6
71.38
83.32
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,637
2,595
2,834
3,514
4,038
4,093
3,731
5,081
5,428
4,726
5,583
6,274
6,643
Expenses
2,235
2,134
2,324
3,008
3,270
3,191
2,813
4,168
4,620
4,086
4,665
5,240
5,455
Operating Profit
402
461
510
505
768
902
918
913
807
639
918
1,034
1,189
OPM %
15%
18%
18%
14%
19%
22%
25%
18%
15%
14%
16%
16%
18%
Other Income
9
37
57
30
38
83
109
82
86
65
115
206
217
Interest
26
28
25
13
7
9
9
9
8
11
24
17
17
Depreciation
60
66
95
110
119
130
136
177
198
243
317
322
318
PBT
326
404
446
412
680
845
882
810
688
451
692
900
1,070
Tax %
31%
32%
28%
32%
36%
21%
25%
25%
26%
28%
28%
23%
—
Net Profit
240
274
323
281
436
671
660
605
507
324
499
689
811
EPS in Rs
81.13
92.44
109
93.21
146
225
222
204
174
110
164
230
270
Div. Payout %
10%
9%
9%
13%
10%
12%
9%
12%
19%
18%
15%
13%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
30
30
30
30
30
30
30
30
30
29
29
29
Reserves
1,009
1,585
1,936
2,214
2,676
3,125
3,797
4,399
4,642
5,085
5,569
6,192
Borrowings
299
316
168
16
55
108
127
144
52
237
202
183
Other Liabilities
485
535
591
749
783
880
982
1,117
1,028
1,104
1,179
1,465
Total Liabilities
1,823
2,465
2,724
3,009
3,543
4,144
4,935
5,690
5,752
6,455
6,980
7,870
Fixed Assets
514
750
1,026
1,027
1,104
1,125
1,418
1,634
1,770
2,792
2,847
2,676
CWIP
112
180
59
96
172
368
250
420
1,033
281
124
110
Investments
66
382
429
470
752
1,137
1,361
1,339
881
1,392
1,766
2,592
Other Assets
1,131
1,154
1,210
1,415
1,515
1,513
1,906
2,297
2,068
1,990
2,242
2,492
Total Assets
1,823
2,465
2,724
3,009
3,543
4,144
4,935
5,690
5,752
6,455
6,980
7,870
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
306
401
392
356
404
881
718
231
707
667
603
1,023
Investing
-167
-375
-175
-129
-408
-782
-645
-163
-469
-683
-494
-891
Financing
-124
-39
-212
-207
-1
-111
-52
-57
-257
38
-118
-98
Net Cash Flow
16
-13
5
19
-5
-11
21
11
-20
22
-9
34
Free Cash Flow
111
31
180
213
195
508
396
-359
-167
164
334
851
CFO/OP
95
111
93
91
86
122
100
47
112
121
82
113
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
61
62
67
75
63
64
72
71
57
72
74
74
Inventory Days
105
118
107
83
89
93
128
122
101
90
97
90
Days Payable
69
87
86
93
66
88
121
90
69
84
82
94
Cash Conversion Cycle
97
93
88
66
86
69
78
103
89
77
89
70
Working Capital Days
50
46
65
76
74
59
65
77
68
69
77
69
ROCE %
26%
26%
23%
19%
27%
28%
24%
19%
15%
9%
13%
15%

Shareholding Pattern

As of Jun 2026
Promoters 45.33%
DIIs 25.93%
Public 16.59%
FIIs 7.44%
Others 4.70%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
44.93%
44.93%
44.94%
44.94%
44.94%
45.05%
45.05%
45.06%
45.06%
45.06%
45.06%
45.07%
45.17%
45.17%
45.17%
45.17%
45.18%
45.18%
45.21%
45.22%
45.22%
45.33%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.71%
8.06%
8.47%
8.63%
9.67%
11.22%
9.79%
8.78%
8.31%
7.45%
7.50%
7.44%
DIIs
23.02%
22.23%
21.96%
21.87%
23.10%
22.98%
22.95%
24.22%
25.23%
25.73%
26.51%
26.08%
25.68%
25.82%
24.54%
22.79%
23.62%
24.97%
24.96%
25.41%
25.90%
25.93%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
Public
18.28%
18.21%
18.40%
18.53%
18.20%
18.20%
17.80%
17.30%
16.90%
16.69%
16.28%
16.03%
16.41%
16.35%
16.59%
16.56%
17.13%
16.86%
17.23%
16.93%
16.55%
16.59%
Others
13.77%
14.62%
14.70%
14.66%
13.76%
13.76%
14.19%
13.42%
12.81%
12.52%
4.45%
4.76%
4.27%
4.03%
4.03%
4.26%
4.27%
4.20%
4.28%
4.99%
4.82%
4.70%
No. of Shareholders
50,197
54,214
59,726
67,025
64,429
69,679
70,248
66,455
67,542
68,751
66,776
65,757
66,589
67,753
60,354
59,110
59,642
55,505
56,951
57,263
56,855
56,570

Documents

1
Concall - Apr 2026 Apr 2026
2
Concall - Jul 2023 Jul 2023
3
Concall - Oct 2023 Oct 2023
4
Concall - Jan 2024 Jan 2024
5
Concall - May 2024 May 2024

Frequently Asked Questions about Atul Ltd

What does Atul Ltd do?
Atul Ltd. is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals under 9 Businesses. [1] Since its incorpo...
Where is Atul Ltd (ATUL) listed?
Atul Ltd is listed on the Indian stock exchanges. It is listed on NSE: ATUL and BSE: 500027. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Atul Ltd belong to?
Atul Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Atul Ltd?
Atul Ltd has a market capitalisation of approximately ₹19586.13 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Atul Ltd?
The Price-to-Earnings (PE) ratio of Atul Ltd is 24.50. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Atul Ltd?
Over the past 52 weeks, Atul Ltd has traded between a low of ₹5,560.5 and a high of ₹7,180. This range helps investors understand the stock's price volatility and recent trading levels.
Does Atul Ltd pay dividends?
Yes, Atul Ltd has a dividend yield of 0.45%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Atul Ltd?
Atul Ltd has a Return on Equity (ROE) of 10.95%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Atul Ltd on Tapetide?
On Tapetide, you can view Atul Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Atul Ltd. is a diversified and integrated Indian chemical company (a part of Lalbhai Group, Gujarat). The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals under 9 Businesses. [1] Since its incorporation, the company has manufactured many products for the first time in India Dyes including Vat Dyes, crop care chemicals, Phosgene, Carbamite, 2,4-D Acid, para Cresol, tissue culture raised date palms. [2]

Website atul.co.in
CEO Mr. Sunil Siddharth Lalbhai
Employees 3,365
Listed 1998-05-06
Face Value ₹ 10
Issued Size 2,94,41,755

Explore More

More in Chemicals → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List