Atul Auto Ltd: Intrinsic Value & Share Price Analysis

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

As of 14 June 2026, Atul Auto Ltd's intrinsic value is 352.10, which is 19.61% lower than the current market price of 438.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (9.35 %), book value (174), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Atul Auto Ltd is trading at 438.00 as of 14 June 2026, with a FY2026-2027 high of 554 and low of 380. The stock is currently in the middle of its 52-week range. Market cap stands at 1,215 Cr..

Q: Is Atul Auto Ltd financially healthy?

Key indicators: ROCE of 11.4 % is moderate. Dividend yield is 0.00 %.

Q: 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.

Fair Value

₹373.04Overvalued by 14.83%vs CMP ₹438.00

P/E (28.1) × ROE (9.4%) × BV (₹174.00) × DY (2.00%)

₹352.10Overvalued by 19.61%vs CMP ₹438.00

MoS: -24.4% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹709.23	30%	Under (+61.9%)
Graham Number	Earnings	₹220.95	18%	Over (-49.6%)
DCF	Cash Flow	₹221.91	14%	Over (-49.3%)
Net Asset Value	Assets	₹163.30	10%	Over (-62.7%)
EV/EBITDA	Enterprise	₹200.07	12%	Over (-54.3%)
Earnings Yield	Earnings	₹124.70	10%	Over (-71.5%)
Revenue Multiple	Revenue	₹260.64	7%	Over (-40.5%)
Consensus (7 models)		₹352.10	100%	Overvalued

Key Drivers: EPS CAGR 90.1% lifts DCF — verify sustainability. | Wide model spread (₹125–₹709) — high uncertainty.

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

Analyst Summary

Atul Auto Ltd operates in the Auto - 2 & 3 Wheelers segment, NSE: ATULAUTO | BSE: 531795, current market price is ₹438.00, market cap is 1,215 Cr.. At a glance, stock P/E is 28.1, ROE is 9.35 %, ROCE is 11.4 %, book value is 174, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹352.10, around 19.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹723 Cr versus the prior period change of 37.2%, while latest net profit is about ₹18 Cr with a prior-period change of 157.1%. The 52-week range shown on this page is 554/380, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAtul 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 L54100GJ198…

This summary is generated from the stock page data available for Atul Auto Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Atul Auto Ltd scores 63/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health58/100 · Moderate

ROCE 11.4% AverageROE 9.4% AverageD/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 28.1 vs industry 31.5 In-lineROCE 11.4% vs industry 24.7% Below peersROE 9.4% vs industry 25.0% 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.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:29 am

Market Cap	1,215 Cr.
Current Price	438
Intrinsic Value	₹352.10
High / Low	554/380
Stock P/E	28.1
Book Value	174
Dividend Yield	0.00 %
ROCE	11.4 %
ROE	9.35 %
Face Value	5.00
PEG Ratio	0.31

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

Stock P/E Current Price Intrinsic Value

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	1,215 Cr.	438	554/380	28.1	174	0.00 %	11.4 %	9.35 %	5.00
Hero MotoCorp Ltd	96,769 Cr.	4,836	6,390/4,190	16.6	1,080	3.83 %	35.8 %	28.5 %	2.00
TVS Motor Company Ltd	1,56,180 Cr.	3,287	3,970/2,655	51.2	201	0.37 %	17.4 %	33.8 %	1.00
Eicher Motors Ltd	1,96,944 Cr.	7,180	8,233/5,220	35.4	915	0.97 %	30.5 %	24.0 %	1.00
Bajaj Auto Ltd	2,82,684 Cr.	10,114	10,835/7,858	26.2	1,389	1.48 %	28.2 %	29.1 %	10.0
Industry Average	146,758.40 Cr	5,171.00		31.50	751.80	1.33%	24.66%	24.95%	3.80

All Competitor Stocks of Atul Auto Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	123.05	133.11	150.27	59.65	153.17	154.33	160.14	135.21	181.65	194.99	211.14	152.78	200.17
Expenses	116.24	119.52	136.03	63.90	135.97	140.62	146.83	127.66	168.67	178.33	196.03	142.77	181.66
Operating Profit	6.81	13.59	14.24	-4.25	17.20	13.71	13.31	7.55	12.98	16.66	15.11	10.01	18.51
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	0.67	0.40	0.03	0.39	0.14	0.74	0.79	0.64	0.53	0.71	0.64	0.28	0.38
Interest	3.92	5.07	4.36	3.88	2.96	3.20	3.21	2.34	2.44	2.86	2.54	2.49	2.64
Depreciation	3.47	4.53	4.43	4.50	4.57	4.57	4.43	4.50	4.53	4.53	4.46	4.55	4.65
Profit before tax	0.09	4.39	5.48	-12.24	9.81	6.68	6.46	1.35	6.54	9.98	8.75	3.25	11.60
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	-0.12	3.56	3.34	-9.41	7.13	4.47	4.88	0.76	4.57	7.12	5.89	2.06	8.27
EPS in Rs	-0.01	1.75	1.61	-3.47	2.74	1.83	1.92	0.48	1.95	2.79	2.58	1.06	3.30

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2007	Mar 2008	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	122	80	531	475	556	667	625	296	315	513	527	723	795
Expenses	119	82	455	416	483	585	554	304	332	477	487	670	723
Operating Profit	3	-1	76	60	73	81	71	-8	-16	36	40	52	72
OPM %	2%	-2%	14%	13%	13%	12%	11%	-3%	-5%	7%	8%	7%	9%
Other Income	17	16	1	2	3	7	3	2	1	2	2	2	0
Interest	6	9	1	1	0	1	1	1	8	16	13	10	10
Depreciation	3	3	5	5	5	6	6	7	10	16	18	18	18
Profit before tax	11	3	72	56	69	82	67	-13	-33	6	11	27	44
Tax %	37%	53%	34%	34%	33%	35%	22%	-22%	-23%	46%	34%	31%
Net Profit	7	1	47	37	48	55	54	-8	-25	3	7	18	31
EPS in Rs			21.60	16.73	21.82	25.09	24.43	-3.73	-11.37	1.68	3.24	7.79	12.47
Dividend Payout %	12%	45%	25%	25%	24%	16%	6%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2007-2008	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2007	Mar 2008	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	6	6	11	11	11	11	11	11	11	12	14	14	14
Reserves	27	28	142	173	210	251	297	289	266	336	406	427	439
Borrowings	83	87	0	0	0	0	1	16	188	171	144	110	145
Other Liabilities	32	27	67	61	80	95	72	72	81	90	91	120	137
Total Liabilities	148	147	221	245	301	357	380	388	545	609	655	671	735
Fixed Assets	36	34	85	87	87	94	93	90	199	258	250	246	242
CWIP	1	10	3	3	5	37	117	150	60	1	0	1	1
Investments	0	0	0	23	60	26	18	31	0	17	23	0	24
Other Assets	111	103	133	131	149	200	152	117	285	332	382	424	468
Total Assets	148	147	221	245	301	357	380	388	545	609	655	671	735

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2008	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	1	11	71	26	35	57	52	-169	-18	-10	25	47
Cash from Investing Activity +	-10	-10	-29	-39	-28	-58	-60	4	-24	-14	9	-66
Cash from Financing Activity +	9	-14	-14	-11	-15	-7	14	164	39	40	-37	26
Net Cash Flow	0	-13	28	-24	-7	-8	6	-1	-2	16	-3	7
Free Cash Flow	-9	1	63	19	-25	-17	1	-179	-25	-19	9	37
CFO/OP	-223%	47%	152%	68%	77%	107%	-684%	1,006%	-43%	-21%	67%	75%

Free Cash Flow

Month	Mar 2007	Mar 2008	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-80.00	-88.00	76.00	60.00	73.00	81.00	70.00	-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

Month	Mar 2007	Mar 2008	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	25	18	52	36	51	55	46	29	23	19	33	27
Inventory Days	76	113	33	38	42	42	39	78	80	67	76	63
Days Payable	39	42	34	38	45	43	32	71	63	47	40	48
Cash Conversion Cycle	62	89	51	37	48	54	53	36	39	39	69	42
Working Capital Days	270	396	37	24	35	40	37	11	15	10	41	51
ROCE %	16%	9%		32%	34%	34%	24%	-4%	-6%	4%	4%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	40,819	44,433	46,849	49,414	49,815	49,228	57,803	58,649	59,882	60,504	63,289	61,382

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Taurus Flexi Cap Fund	69,004	1.2	3.91	69,004	2025-04-22 15:57:00	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	7.79	3.39	1.82	-11.37	-3.73
Diluted EPS (Rs.)	7.79	3.39	1.82	-11.37	-3.73
Cash EPS (Rs.)	13.10	9.06	7.80	-7.23	-1.77
Book Value[Excl.RevalReserv]/Share (Rs.)	158.85	154.44	147.48	126.07	136.65
Book Value[Incl.RevalReserv]/Share (Rs.)	158.85	154.44	147.48	126.07	136.65
Revenue From Operations / Share (Rs.)	260.33	189.95	214.87	143.72	134.87
PBDIT / Share (Rs.)	19.75	15.14	15.81	-6.83	-2.73
PBIT / Share (Rs.)	13.26	8.63	9.32	-11.22	-5.72
PBT / Share (Rs.)	9.59	3.86	2.42	-14.99	-6.13
Net Profit / Share (Rs.)	6.61	2.55	1.31	-11.61	-4.76
NP After MI And SOA / Share (Rs.)	7.79	3.23	1.68	-11.37	-3.73
PBDIT Margin (%)	7.58	7.97	7.35	-4.75	-2.02
PBIT Margin (%)	5.09	4.54	4.33	-7.80	-4.24
PBT Margin (%)	3.68	2.03	1.12	-10.43	-4.54
Net Profit Margin (%)	2.53	1.34	0.60	-8.08	-3.52
NP After MI And SOA Margin (%)	2.99	1.70	0.77	-7.90	-2.76
Return on Networth / Equity (%)	4.90	2.13	1.14	-9.01	-2.72
Return on Capital Employeed (%)	6.94	4.80	5.13	-6.13	-3.97
Return On Assets (%)	3.17	1.37	0.65	-4.57	-2.11
Long Term Debt / Equity (X)	0.13	0.13	0.20	0.43	0.05
Total Debt / Equity (X)	0.24	0.34	0.48	0.67	0.05
Asset Turnover Ratio (%)	1.08	0.83	0.88	0.72	0.77
Current Ratio (X)	1.80	1.67	1.21	1.19	1.42
Quick Ratio (X)	1.20	1.19	0.82	0.82	0.70
Inventory Turnover Ratio (X)	8.77	5.38	6.18	4.82	4.90
Interest Coverage Ratio (X)	5.38	3.17	2.29	-1.81	-6.82
Interest Coverage Ratio (Post Tax) (X)	2.80	1.53	1.19	-2.07	-10.86
Enterprise Value (Cr.)	1320.66	1453.08	915.35	535.71	398.65
EV / Net Operating Revenue (X)	1.83	2.76	1.78	1.70	1.35
EV / EBITDA (X)	24.09	34.57	24.24	-35.74	-66.44
MarketCap / Net Operating Revenue (X)	1.70	2.51	1.45	1.13	1.33
Price / BV (X)	2.78	3.15	2.14	1.28	1.31
Price / Net Operating Revenue (X)	1.70	2.51	1.45	1.13	1.33
EarningsYield	0.01	0.01	0.01	-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. 785.77 Cr. and Equity Capital is Rs. 13.88 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Auto - 2 & 3 Wheelers	Survey No.86, Plot No. 1-4, National Highway 8-B, Rajkot Gujarat 360024	Contact not found

Management
Name	Position Held
Mr. Neeraj J Chandra	Managing Director
Mr. Mahendrakumar J Patel	WholeTime Director & CFO
Dr. Vijay K Kedia	Non Executive Director
Mr. Gurudeo M Yadwadkar	Independent Director
Mr. R C Maheshwari	Independent Director
Ms. Honey Sethi	Independent Director

FAQ

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

As of 14 June 2026, Atul Auto Ltd's intrinsic value is ₹352.10, which is 19.61% lower than the current market price of ₹438.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.35 %), book value (₹174), 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 ₹438.00 as of 14 June 2026, with a FY2026-2027 high of ₹554 and low of ₹380. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,215 Cr..

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

Atul Auto Ltd has a P/E ratio of 28.1, which is below the industry average of 31.50. 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 11.4 % is moderate. 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 ₹438.00. The company is currently not paying meaningful dividends.