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Last Updated: April 2, 2026, 2:39 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531795 | NSE: ATULAUTO

Atul Auto Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹213.71Overvalued by 48.25%vs CMP ₹413.00

P/E (32.2) × ROE (5.0%) × BV (₹163.00) × DY (2.00%)

₹260.65Overvalued by 36.89%vs CMP ₹413.00
MoS: -58.5% (Negative)Confidence: 56/100 (Moderate)Models: 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹406.3230%Fair (-1.6%)
Graham NumberEarnings₹213.8518%Over (-48.2%)
DCFCash Flow₹221.8414%Over (-46.3%)
Net Asset ValueAssets₹163.2510%Over (-60.5%)
EV/EBITDAEnterprise₹200.0112%Over (-51.6%)
Earnings YieldEarnings₹124.7010%Over (-69.8%)
Revenue MultipleRevenue₹260.567%Over (-36.9%)
Consensus (7 models)₹260.65100%Overvalued
Key Drivers: EPS CAGR 90.1% lifts DCF — verify sustainability. | ROE 5.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 90.1%

*Investments are subject to market risks

Investment Snapshot

60
Atul Auto Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 6.5% WeakROE 5.0% WeakD/E 0.05 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 42.7% Stable
Earnings Quality65/100 · Strong
OPM expanding (1% → 8%) Improving
Quarterly Momentum90/100 · Strong
Revenue (4Q): +20% YoY AcceleratingProfit (4Q): +59% YoY Strong
Industry Rank40/100 · Moderate
P/E 32.2 vs industry 33.8 In-lineROCE 6.5% vs industry 22.0% Below peersROE 5.0% vs industry 20.7% Below peers3Y sales CAGR: 32% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:39 am

Market Cap 1,146 Cr.
Current Price 413
Intrinsic Value₹260.65
High / Low 554/380
Stock P/E32.2
Book Value 163
Dividend Yield0.00 %
ROCE6.48 %
ROE4.99 %
Face Value 5.00
PEG Ratio0.36

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Atul Auto Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Atul Auto Ltd 1,146 Cr. 413 554/38032.2 1630.00 %6.48 %4.99 % 5.00
Hero MotoCorp Ltd 1,02,486 Cr. 5,122 6,390/3,32318.5 1,0503.22 %30.3 %23.1 % 2.00
TVS Motor Company Ltd 1,62,659 Cr. 3,426 3,970/2,22155.8 1710.35 %15.4 %28.4 % 1.00
Eicher Motors Ltd 1,87,233 Cr. 6,826 8,233/5,00034.7 8051.03 %29.8 %24.1 % 1.00
Bajaj Auto Ltd 2,48,627 Cr. 8,896 10,187/7,08827.8 1,2232.36 %28.1 %22.8 % 10.0
Industry Average140,430.20 Cr4,936.6033.80682.401.39%22.02%20.68%3.80

All Competitor Stocks of Atul Auto Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 123.05133.11150.2759.65153.17154.33160.14135.21181.65194.99211.14152.78200.17
Expenses 116.24119.52136.0363.90135.97140.62146.83127.66168.67178.33196.03142.77181.66
Operating Profit 6.8113.5914.24-4.2517.2013.7113.317.5512.9816.6615.1110.0118.51
OPM % 5.53%10.21%9.48%-7.12%11.23%8.88%8.31%5.58%7.15%8.54%7.16%6.55%9.25%
Other Income 0.670.400.030.390.140.740.790.640.530.710.640.280.38
Interest 3.925.074.363.882.963.203.212.342.442.862.542.492.64
Depreciation 3.474.534.434.504.574.574.434.504.534.534.464.554.65
Profit before tax 0.094.395.48-12.249.816.686.461.356.549.988.753.2511.60
Tax % 233.33%18.91%39.05%-23.12%27.32%33.08%24.46%43.70%30.12%28.66%32.69%36.62%28.71%
Net Profit -0.123.563.34-9.417.134.474.880.764.577.125.892.068.27
EPS in Rs -0.011.751.61-3.472.741.831.920.481.952.792.581.063.30

Last Updated: January 2, 2026, 9:31 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 20, 2026, 5:00 am

MetricMar 2007Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 12280531475556667625296315513527723795
Expenses 11982455416483585554304332477487670723
Operating Profit 3-17660738171-8-1636405272
OPM % 2%-2%14%13%13%12%11%-3%-5%7%8%7%9%
Other Income 171612373212220
Interest 69110111816131010
Depreciation 335556671016181818
Profit before tax 1137256698267-13-336112744
Tax % 37%53%34%34%33%35%22%-22%-23%46%34%31%
Net Profit 714737485554-8-25371831
EPS in Rs 21.6016.7321.8225.0924.43-3.73-11.371.683.247.7912.47
Dividend Payout % 12%45%25%25%24%16%6%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2007-20082016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-85.71%-21.28%29.73%14.58%-1.82%-114.81%-212.50%112.00%133.33%157.14%
Change in YoY Net Profit Growth (%)0.00%64.44%51.01%-15.15%-16.40%-113.00%-97.69%324.50%21.33%23.81%

Atul Auto Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2007-2008 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:32%
TTM:23%
Compounded Profit Growth
10 Years:%
5 Years:-17%
3 Years:42%
TTM:20%
Stock Price CAGR
10 Years:2%
5 Years:23%
3 Years:39%
1 Year:-29%
Return on Equity
10 Years:%
5 Years:0%
3 Years:3%
Last Year:5%

Last Updated: September 5, 2025, 12:00 am

Balance Sheet

Last Updated: December 4, 2025, 12:59 am

MonthMar 2007Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 661111111111111112141414
Reserves 2728142173210251297289266336406427439
Borrowings 83870000116188171144110145
Other Liabilities 3227676180957272819091120137
Total Liabilities 148147221245301357380388545609655671735
Fixed Assets 3634858787949390199258250246242
CWIP 11033537117150601011
Investments 000236026183101723024
Other Assets 111103133131149200152117285332382424468
Total Assets 148147221245301357380388545609655671735

Reserves and Borrowings Chart

Cash Flow

MonthMar 2007Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -41117126355752-169-18-1025
Cash from Investing Activity + -7-10-10-29-39-28-58-604-24-149
Cash from Financing Activity + 129-14-14-11-15-7141643940-37
Net Cash Flow 10-1328-24-7-86-1-216-3
Free Cash Flow -11-916319-25-171-179-25-199
CFO/OP -16%-223%47%152%68%77%107%-684%1,006%-43%-21%67%

Free Cash Flow

MonthMar 2007Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-80.00-88.0076.0060.0073.0081.0070.00-24.00-204.00-135.00-104.00-58.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2007Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 251852365155462923193327
Inventory Days 7611333384242397880677663
Days Payable 394234384543327163474048
Cash Conversion Cycle 628951374854533639396942
Working Capital Days 27039637243540371115104151
ROCE %16%9%32%34%34%24%-4%-6%4%4%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.49%46.46%42.74%42.74%42.74%42.74%42.74%42.74%42.74%42.74%42.70%42.70%
FIIs 0.44%0.43%0.46%0.49%0.48%0.59%0.58%0.63%0.69%0.37%0.01%0.38%
DIIs 1.23%0.76%0.41%0.41%0.41%0.41%0.31%0.13%0.13%0.13%0.10%0.10%
Public 48.86%52.35%56.40%56.39%56.39%56.28%56.39%56.52%56.44%56.76%57.19%56.83%
No. of Shareholders 40,81944,43346,84949,41449,81549,22857,80358,64959,88260,50463,28961,382

Shareholding Pattern Chart

No. of Shareholders

Atul Auto Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Taurus Flexi Cap Fund 69,004 1.2 3.9169,0042025-04-22 15:57:000%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 7.793.391.82-11.37-3.73
Diluted EPS (Rs.) 7.793.391.82-11.37-3.73
Cash EPS (Rs.) 13.109.067.80-7.23-1.77
Book Value[Excl.RevalReserv]/Share (Rs.) 158.85154.44147.48126.07136.65
Book Value[Incl.RevalReserv]/Share (Rs.) 158.85154.44147.48126.07136.65
Revenue From Operations / Share (Rs.) 260.33189.95214.87143.72134.87
PBDIT / Share (Rs.) 19.7515.1415.81-6.83-2.73
PBIT / Share (Rs.) 13.268.639.32-11.22-5.72
PBT / Share (Rs.) 9.593.862.42-14.99-6.13
Net Profit / Share (Rs.) 6.612.551.31-11.61-4.76
NP After MI And SOA / Share (Rs.) 7.793.231.68-11.37-3.73
PBDIT Margin (%) 7.587.977.35-4.75-2.02
PBIT Margin (%) 5.094.544.33-7.80-4.24
PBT Margin (%) 3.682.031.12-10.43-4.54
Net Profit Margin (%) 2.531.340.60-8.08-3.52
NP After MI And SOA Margin (%) 2.991.700.77-7.90-2.76
Return on Networth / Equity (%) 4.902.131.14-9.01-2.72
Return on Capital Employeed (%) 6.944.805.13-6.13-3.97
Return On Assets (%) 3.171.370.65-4.57-2.11
Long Term Debt / Equity (X) 0.130.130.200.430.05
Total Debt / Equity (X) 0.240.340.480.670.05
Asset Turnover Ratio (%) 1.080.830.880.720.77
Current Ratio (X) 1.801.671.211.191.42
Quick Ratio (X) 1.201.190.820.820.70
Inventory Turnover Ratio (X) 8.775.386.184.824.90
Interest Coverage Ratio (X) 5.383.172.29-1.81-6.82
Interest Coverage Ratio (Post Tax) (X) 2.801.531.19-2.07-10.86
Enterprise Value (Cr.) 1320.661453.08915.35535.71398.65
EV / Net Operating Revenue (X) 1.832.761.781.701.35
EV / EBITDA (X) 24.0934.5724.24-35.74-66.44
MarketCap / Net Operating Revenue (X) 1.702.511.451.131.33
Price / BV (X) 2.783.152.141.281.31
Price / Net Operating Revenue (X) 1.702.511.451.131.33
EarningsYield 0.010.010.01-0.07-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Atul Auto Ltd. is a Public Limited Listed company incorporated on 18/06/1986 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L54100GJ1986PLC016999 and registration number is 016999. Currently Company is involved in the business activities of Manufacture of three-wheelers and their engine. Company's Total Operating Revenue is Rs. 645.96 Cr. and Equity Capital is Rs. 13.88 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - 2 & 3 WheelersSurvey No.86, Plot No. 1-4, National Highway 8-B, Rajkot Gujarat 360024Contact not found
Management
NamePosition Held
Mr. Neeraj J ChandraManaging Director
Mr. Mahendrakumar J PatelWholeTime Director & CFO
Dr. Vijay K KediaNon Executive Director
Mr. Gurudeo M YadwadkarIndependent Director
Mr. R C MaheshwariIndependent Director
Ms. Honey SethiIndependent Director

FAQ

What is the intrinsic value of Atul Auto Ltd and is it undervalued?

As of 13 April 2026, Atul Auto Ltd's intrinsic value is ₹260.65, which is 36.89% lower than the current market price of ₹413.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.99 %), book value (₹163), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Atul Auto Ltd?

Atul Auto Ltd is trading at ₹413.00 as of 13 April 2026, with a FY2026-2027 high of ₹554 and low of ₹380. The stock is currently near its 52-week low. Market cap stands at ₹1,146 Cr..

How does Atul Auto Ltd's P/E ratio compare to its industry?

Atul Auto Ltd has a P/E ratio of 32.2, which is below the industry average of 33.80. This is broadly in line with or below the industry average.

Is Atul Auto Ltd financially healthy?

Key indicators for Atul Auto Ltd: ROCE of 6.48 % is on the lower side compared to the industry average of 22.02%; ROE of 4.99 % is below ideal levels (industry average: 20.68%). Dividend yield is 0.00 %.

Is Atul Auto Ltd profitable and how is the profit trend?

Atul Auto Ltd reported a net profit of ₹18 Cr in Mar 2025 on revenue of ₹723 Cr. Compared to ₹-25 Cr in Mar 2022, the net profit shows an improving trend.

Does Atul Auto Ltd pay dividends?

Atul Auto Ltd has a dividend yield of 0.00 % at the current price of ₹413.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Atul Auto Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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