Atul Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 3, 2025, 10:11 pm

Market Cap	20,731 Cr.
Current Price	7,042
High / Low	8,180/4,752
Stock P/E	42.8
Book Value	1,902
Dividend Yield	0.28 %
ROCE	12.7 %
ROE	9.03 %
Face Value	10.0
PEG Ratio	-7.37

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Atul Ltd

Competitors of Atul Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Epigral Ltd	7,605 Cr.	1,763	2,408/1,107	21.9	324	0.28 %	17.5 %	16.9 %	10.0
Dharmaj Crop Guard Ltd	691 Cr.	204	390/165	20.4	117	0.00 %	14.5 %	13.2 %	10.0
Bhaskar Agrochemicals Ltd	41.8 Cr.	80.3	122/46.1	18.5	29.2	0.00 %	14.7 %	13.4 %	10.0
Bhagiradha Chemicals & Industries Ltd	3,803 Cr.	293	448/168	125	51.0	0.03 %	8.71 %	5.55 %	1.00
Best Agrolife Ltd	849 Cr.	359	732/244	44.0	320	0.84 %	16.5 %	18.1 %	10.0
Industry Average	11,237.90 Cr	1,515.66		36.60	420.97	0.39%	13.41%	16.06%	7.25

All Competitor Stocks of Atul Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,380	1,370	1,477	1,487	1,268	1,195	1,182	1,194	1,138	1,212	1,322	1,393	1,417
Expenses	1,129	1,165	1,244	1,267	1,096	1,046	1,000	1,039	986	1,065	1,099	1,150	1,193
Operating Profit	251	205	233	220	172	149	182	155	152	148	223	243	224
OPM %	18%	15%	16%	15%	14%	12%	15%	13%	13%	12%	17%	17%	16%
Other Income	6	24	37	33	23	26	10	24	17	16	16	35	19
Interest	2	3	2	2	2	2	2	2	2	5	5	9	4
Depreciation	45	44	47	49	50	51	52	54	61	76	77	78	81
Profit before tax	210	182	221	202	142	122	138	124	105	83	158	191	158
Tax %	25%	25%	26%	27%	28%	24%	26%	26%	32%	29%	29%	27%	26%
Net Profit	157	137	163	148	103	92	102	91	72	59	112	140	117
EPS in Rs	52.53	46.05	55.74	51.13	35.61	31.70	35.02	30.60	24.04	19.84	38.00	46.47	36.93

Last Updated: February 28, 2025, 8:41 pm

Below is a detailed analysis of the quarterly data for Atul Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,417.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,393.00 Cr. (Sep 2024) to 1,417.00 Cr., marking an increase of 24.00 Cr..
For Expenses, as of Dec 2024, the value is 1,193.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,150.00 Cr. (Sep 2024) to 1,193.00 Cr., marking an increase of 43.00 Cr..
For Operating Profit, as of Dec 2024, the value is 224.00 Cr.. The value appears to be declining and may need further review. It has decreased from 243.00 Cr. (Sep 2024) to 224.00 Cr., marking a decrease of 19.00 Cr..
For OPM %, as of Dec 2024, the value is 16.00%. The value appears to be declining and may need further review. It has decreased from 17.00% (Sep 2024) to 16.00%, marking a decrease of 1.00%.
For Other Income, as of Dec 2024, the value is 19.00 Cr.. The value appears to be declining and may need further review. It has decreased from 35.00 Cr. (Sep 2024) to 19.00 Cr., marking a decrease of 16.00 Cr..
For Interest, as of Dec 2024, the value is 4.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.00 Cr. (Sep 2024) to 4.00 Cr., marking a decrease of 5.00 Cr..
For Depreciation, as of Dec 2024, the value is 81.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 78.00 Cr. (Sep 2024) to 81.00 Cr., marking an increase of 3.00 Cr..
For Profit before tax, as of Dec 2024, the value is 158.00 Cr.. The value appears to be declining and may need further review. It has decreased from 191.00 Cr. (Sep 2024) to 158.00 Cr., marking a decrease of 33.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Sep 2024) to 26.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is 117.00 Cr.. The value appears to be declining and may need further review. It has decreased from 140.00 Cr. (Sep 2024) to 117.00 Cr., marking a decrease of 23.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 36.93. The value appears to be declining and may need further review. It has decreased from 46.47 (Sep 2024) to 36.93, marking a decrease of 9.54.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 3, 2025, 3:17 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	2,439	2,637	2,595	2,834	3,514	4,038	4,093	3,731	5,081	5,428	4,726	5,583
Expenses	2,075	2,235	2,134	2,324	3,008	3,270	3,191	2,813	4,168	4,620	4,086	4,670
Operating Profit	364	402	461	510	505	768	902	918	913	807	639	913
OPM %	15%	15%	18%	18%	14%	19%	22%	25%	18%	15%	14%	16%
Other Income	36	9	37	57	30	38	83	109	82	86	65	120
Interest	33	26	28	25	13	7	9	9	9	8	11	24
Depreciation	58	60	66	95	110	119	130	136	177	198	243	317
Profit before tax	308	326	404	446	412	680	845	882	810	688	451	692
Tax %	29%	31%	32%	28%	32%	36%	21%	25%	25%	26%	28%	28%
Net Profit	219	240	274	323	281	436	671	660	605	507	324	499
EPS in Rs	73.90	81.13	92.44	108.88	93.21	145.72	224.69	221.64	204.23	174.19	109.71	164.37
Dividend Payout %	10%	10%	9%	9%	13%	10%	12%	9%	12%	19%	18%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	9.59%	14.17%	17.88%	-13.00%	55.16%	53.90%	-1.64%	-8.33%	-16.20%	-36.09%	54.01%
Change in YoY Net Profit Growth (%)	0.00%	4.58%	3.72%	-30.89%	68.16%	-1.26%	-55.54%	-6.69%	-7.87%	-19.90%	90.11%

Atul Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	6%
3 Years:	3%
TTM:	18%

Compounded Profit Growth
10 Years:	7%
5 Years:	-6%
3 Years:	-6%
TTM:	56%

Stock Price CAGR
10 Years:	20%
5 Years:	9%
3 Years:	-7%
1 Year:	15%

Return on Equity
10 Years:	14%
5 Years:	11%
3 Years:	9%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:44 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	30	30	30	30	30	30	30	30	30	30	30	29	29
Reserves	725	919	1,009	1,585	1,936	2,214	2,676	3,125	3,797	4,399	4,642	5,085	5,579
Borrowings	370	367	299	316	168	16	55	108	133	144	52	237	217
Other Liabilities	440	502	485	535	591	749	783	880	976	1,117	1,028	1,104	1,332
Total Liabilities	1,564	1,818	1,823	2,465	2,724	3,009	3,543	4,144	4,935	5,690	5,752	6,455	7,158
Fixed Assets	506	570	514	750	1,026	1,027	1,104	1,110	1,418	1,634	1,770	2,792	2,816
CWIP	66	59	112	180	59	96	172	368	250	420	1,033	281	212
Investments	67	63	66	382	429	470	752	1,137	1,361	1,339	881	1,392	1,693
Other Assets	925	1,126	1,131	1,154	1,210	1,415	1,515	1,528	1,906	2,297	2,068	1,990	2,437
Total Assets	1,564	1,818	1,823	2,465	2,724	3,009	3,543	4,144	4,935	5,690	5,752	6,455	7,158

Below is a detailed analysis of the balance sheet data for Atul Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹29.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 29.00 Cr..
For Reserves, as of Sep 2024, the value is ₹5,579.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,085.00 Cr. (Mar 2024) to ₹5,579.00 Cr., marking an increase of 494.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹217.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 237.00 Cr. (Mar 2024) to ₹217.00 Cr., marking a decrease of 20.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,332.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,104.00 Cr. (Mar 2024) to ₹1,332.00 Cr., marking an increase of 228.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹7,158.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,455.00 Cr. (Mar 2024) to ₹7,158.00 Cr., marking an increase of 703.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹2,816.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,792.00 Cr. (Mar 2024) to ₹2,816.00 Cr., marking an increase of 24.00 Cr..
For CWIP, as of Sep 2024, the value is ₹212.00 Cr.. The value appears to be declining and may need further review. It has decreased from 281.00 Cr. (Mar 2024) to ₹212.00 Cr., marking a decrease of 69.00 Cr..
For Investments, as of Sep 2024, the value is ₹1,693.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,392.00 Cr. (Mar 2024) to ₹1,693.00 Cr., marking an increase of 301.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,437.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,990.00 Cr. (Mar 2024) to ₹2,437.00 Cr., marking an increase of 447.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹7,158.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,455.00 Cr. (Mar 2024) to ₹7,158.00 Cr., marking an increase of 703.00 Cr..

Notably, the Reserves (5,579.00 Cr.) exceed the Borrowings (217.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	152	306	401	392	356	404	881	718	231	707	667	603
Cash from Investing Activity +	-83	-167	-375	-175	-129	-408	-782	-645	-163	-469	-683	-495
Cash from Financing Activity +	-60	-124	-39	-212	-207	-1	-111	-52	-57	-257	38	-118
Net Cash Flow	8	16	-13	5	19	-5	-11	21	11	-20	22	-10

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-3.00	103.00	145.00	342.00	489.00	713.00	794.00	785.00	769.00	755.00	402.00	913.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	63	65	61	62	67	75	63	64	72	71	57	72
Inventory Days	116	119	105	118	107	83	89	93	128	122	101	90
Days Payable	92	89	69	87	86	93	66	88	121	90	69	84
Cash Conversion Cycle	87	95	97	93	88	66	86	69	78	103	89	77
Working Capital Days	71	76	75	82	84	78	75	60	68	83	69	70
ROCE %	20%	28%	26%	26%	23%	19%	27%	28%	24%	19%	15%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	44.94%	45.05%	45.06%	45.06%	45.05%	45.05%	45.05%	45.06%	45.17%	45.17%	45.17%	45.18%
FIIs	9.22%	8.82%	9.20%	8.92%	8.15%	7.61%	7.71%	8.06%	8.47%	8.63%	9.66%	11.22%
DIIs	23.43%	23.37%	23.41%	24.21%	25.23%	26.16%	26.50%	26.08%	25.67%	25.81%	24.54%	22.78%
Public	22.41%	22.76%	22.32%	21.78%	21.56%	21.17%	20.73%	20.79%	20.69%	20.39%	20.63%	20.82%
No. of Shareholders	64,429	69,679	70,248	66,455	67,542	68,751	66,776	65,757	66,589	67,753	60,354	59,110

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Mid Cap Fund	698,092	2.78	556.25	698,092	2025-04-22 17:25:43	0%
DSP Small Cap Fund	380,193	1.88	302.94	380,193	2025-04-22 17:25:43	0%
Aditya Birla Sun Life Flexi Cap Fund	350,160	1.22	279.01	350,160	2025-04-22 17:25:43	0%
DSP ELSS Tax Saver Fund	168,938	0.78	134.61	168,938	2025-04-22 17:25:43	0%
Kotak Small Cap Fund - Regular Plan	148,785	0.68	118.55	148,785	2025-04-22 17:25:43	0%
ICICI Prudential Value Discovery Fund	148,082	0.24	117.99	148,082	2025-04-22 17:25:43	0%
DSP Equity Opportunities Fund	133,744	0.76	106.57	133,744	2025-04-22 17:25:43	0%
ICICI Prudential Multicap Fund	112,704	0.65	89.8	112,704	2025-04-22 17:25:43	0%
DSP Flexi Cap Fund	84,450	0.57	67.29	84,450	2025-04-22 17:25:43	0%
Kotak Equity Arbitrage Fund - Regular Plan	78,000	0.12	62.15	78,000	2025-04-22 17:25:43	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	109.54	174.15	204.23	221.17	224.69
Diluted EPS (Rs.)	109.54	174.15	204.23	221.17	224.69
Cash EPS (Rs.)	189.17	237.25	261.15	266.49	268.24
Book Value[Excl.RevalReserv]/Share (Rs.)	1752.68	1598.18	1506.19	1302.65	1071.86
Book Value[Incl.RevalReserv]/Share (Rs.)	1752.68	1598.18	1506.19	1302.65	1071.86
Revenue From Operations / Share (Rs.)	1604.10	1837.97	1715.94	1260.21	1379.06
PBDIT / Share (Rs.)	235.87	301.29	333.48	344.51	330.20
PBIT / Share (Rs.)	153.43	234.31	273.81	298.47	286.33
PBT / Share (Rs.)	149.67	231.63	270.71	295.32	283.17
Net Profit / Share (Rs.)	106.73	170.27	201.48	220.46	224.37
NP After MI And SOA / Share (Rs.)	109.65	174.09	204.07	221.47	224.55
PBDIT Margin (%)	14.70	16.39	19.43	27.33	23.94
PBIT Margin (%)	9.56	12.74	15.95	23.68	20.76
PBT Margin (%)	9.33	12.60	15.77	23.43	20.53
Net Profit Margin (%)	6.65	9.26	11.74	17.49	16.26
NP After MI And SOA Margin (%)	6.83	9.47	11.89	17.57	16.28
Return on Networth / Equity (%)	6.31	11.00	13.64	17.13	21.12
Return on Capital Employeed (%)	8.08	14.04	17.22	21.39	24.85
Return On Assets (%)	4.98	8.91	10.58	13.28	16.05
Long Term Debt / Equity (X)	0.04	0.01	0.01	0.02	0.02
Total Debt / Equity (X)	0.04	0.01	0.03	0.02	0.03
Asset Turnover Ratio (%)	0.77	0.90	0.97	0.80	1.06
Current Ratio (X)	2.56	2.49	2.69	3.18	2.84
Quick Ratio (X)	1.83	1.51	1.81	2.43	2.14
Inventory Turnover Ratio (X)	2.99	3.24	3.96	2.97	3.67
Dividend Payout Ratio (NP) (%)	22.84	18.65	9.79	0.00	18.94
Dividend Payout Ratio (CP) (%)	13.03	13.47	7.57	0.00	15.84
Earning Retention Ratio (%)	77.16	81.35	90.21	0.00	81.06
Cash Earning Retention Ratio (%)	86.97	86.53	92.43	0.00	84.16
Interest Coverage Ratio (X)	62.71	112.62	107.68	109.10	104.26
Interest Coverage Ratio (Post Tax) (X)	29.38	64.65	66.06	70.81	71.84
Enterprise Value (Cr.)	17113.34	20598.53	30563.70	20735.76	11885.32
EV / Net Operating Revenue (X)	3.62	3.80	6.02	5.56	2.90
EV / EBITDA (X)	24.63	23.15	30.95	20.33	12.13
MarketCap / Net Operating Revenue (X)	3.58	3.79	6.00	5.61	2.88
Retention Ratios (%)	77.15	81.34	90.20	0.00	81.05
Price / BV (X)	3.31	4.40	6.88	5.48	3.74
Price / Net Operating Revenue (X)	3.58	3.79	6.00	5.61	2.88
EarningsYield	0.01	0.02	0.01	0.03	0.05

After reviewing the key financial ratios for Atul Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 109.54. This value is within the healthy range. It has decreased from 174.15 (Mar 23) to 109.54, marking a decrease of 64.61.
For Diluted EPS (Rs.), as of Mar 24, the value is 109.54. This value is within the healthy range. It has decreased from 174.15 (Mar 23) to 109.54, marking a decrease of 64.61.
For Cash EPS (Rs.), as of Mar 24, the value is 189.17. This value is within the healthy range. It has decreased from 237.25 (Mar 23) to 189.17, marking a decrease of 48.08.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,752.68. It has increased from 1,598.18 (Mar 23) to 1,752.68, marking an increase of 154.50.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,752.68. It has increased from 1,598.18 (Mar 23) to 1,752.68, marking an increase of 154.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1,604.10. It has decreased from 1,837.97 (Mar 23) to 1,604.10, marking a decrease of 233.87.
For PBDIT / Share (Rs.), as of Mar 24, the value is 235.87. This value is within the healthy range. It has decreased from 301.29 (Mar 23) to 235.87, marking a decrease of 65.42.
For PBIT / Share (Rs.), as of Mar 24, the value is 153.43. This value is within the healthy range. It has decreased from 234.31 (Mar 23) to 153.43, marking a decrease of 80.88.
For PBT / Share (Rs.), as of Mar 24, the value is 149.67. This value is within the healthy range. It has decreased from 231.63 (Mar 23) to 149.67, marking a decrease of 81.96.
For Net Profit / Share (Rs.), as of Mar 24, the value is 106.73. This value is within the healthy range. It has decreased from 170.27 (Mar 23) to 106.73, marking a decrease of 63.54.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 109.65. This value is within the healthy range. It has decreased from 174.09 (Mar 23) to 109.65, marking a decrease of 64.44.
For PBDIT Margin (%), as of Mar 24, the value is 14.70. This value is within the healthy range. It has decreased from 16.39 (Mar 23) to 14.70, marking a decrease of 1.69.
For PBIT Margin (%), as of Mar 24, the value is 9.56. This value is below the healthy minimum of 10. It has decreased from 12.74 (Mar 23) to 9.56, marking a decrease of 3.18.
For PBT Margin (%), as of Mar 24, the value is 9.33. This value is below the healthy minimum of 10. It has decreased from 12.60 (Mar 23) to 9.33, marking a decrease of 3.27.
For Net Profit Margin (%), as of Mar 24, the value is 6.65. This value is within the healthy range. It has decreased from 9.26 (Mar 23) to 6.65, marking a decrease of 2.61.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.83. This value is below the healthy minimum of 8. It has decreased from 9.47 (Mar 23) to 6.83, marking a decrease of 2.64.
For Return on Networth / Equity (%), as of Mar 24, the value is 6.31. This value is below the healthy minimum of 15. It has decreased from 11.00 (Mar 23) to 6.31, marking a decrease of 4.69.
For Return on Capital Employeed (%), as of Mar 24, the value is 8.08. This value is below the healthy minimum of 10. It has decreased from 14.04 (Mar 23) to 8.08, marking a decrease of 5.96.
For Return On Assets (%), as of Mar 24, the value is 4.98. This value is below the healthy minimum of 5. It has decreased from 8.91 (Mar 23) to 4.98, marking a decrease of 3.93.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.04. This value is below the healthy minimum of 0.2. It has increased from 0.01 (Mar 23) to 0.04, marking an increase of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.04. This value is within the healthy range. It has increased from 0.01 (Mar 23) to 0.04, marking an increase of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.77. It has decreased from 0.90 (Mar 23) to 0.77, marking a decrease of 0.13.
For Current Ratio (X), as of Mar 24, the value is 2.56. This value is within the healthy range. It has increased from 2.49 (Mar 23) to 2.56, marking an increase of 0.07.
For Quick Ratio (X), as of Mar 24, the value is 1.83. This value is within the healthy range. It has increased from 1.51 (Mar 23) to 1.83, marking an increase of 0.32.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.99. This value is below the healthy minimum of 4. It has decreased from 3.24 (Mar 23) to 2.99, marking a decrease of 0.25.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 22.84. This value is within the healthy range. It has increased from 18.65 (Mar 23) to 22.84, marking an increase of 4.19.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 13.03. This value is below the healthy minimum of 20. It has decreased from 13.47 (Mar 23) to 13.03, marking a decrease of 0.44.
For Earning Retention Ratio (%), as of Mar 24, the value is 77.16. This value exceeds the healthy maximum of 70. It has decreased from 81.35 (Mar 23) to 77.16, marking a decrease of 4.19.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 86.97. This value exceeds the healthy maximum of 70. It has increased from 86.53 (Mar 23) to 86.97, marking an increase of 0.44.
For Interest Coverage Ratio (X), as of Mar 24, the value is 62.71. This value is within the healthy range. It has decreased from 112.62 (Mar 23) to 62.71, marking a decrease of 49.91.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 29.38. This value is within the healthy range. It has decreased from 64.65 (Mar 23) to 29.38, marking a decrease of 35.27.
For Enterprise Value (Cr.), as of Mar 24, the value is 17,113.34. It has decreased from 20,598.53 (Mar 23) to 17,113.34, marking a decrease of 3,485.19.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.62. This value exceeds the healthy maximum of 3. It has decreased from 3.80 (Mar 23) to 3.62, marking a decrease of 0.18.
For EV / EBITDA (X), as of Mar 24, the value is 24.63. This value exceeds the healthy maximum of 15. It has increased from 23.15 (Mar 23) to 24.63, marking an increase of 1.48.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.58. This value exceeds the healthy maximum of 3. It has decreased from 3.79 (Mar 23) to 3.58, marking a decrease of 0.21.
For Retention Ratios (%), as of Mar 24, the value is 77.15. This value exceeds the healthy maximum of 70. It has decreased from 81.34 (Mar 23) to 77.15, marking a decrease of 4.19.
For Price / BV (X), as of Mar 24, the value is 3.31. This value exceeds the healthy maximum of 3. It has decreased from 4.40 (Mar 23) to 3.31, marking a decrease of 1.09.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.58. This value exceeds the healthy maximum of 3. It has decreased from 3.79 (Mar 23) to 3.58, marking a decrease of 0.21.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 23) to 0.01, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Atul Ltd as of May 3, 2025 is: 5,897.21

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 3, 2025, Atul Ltd is Overvalued by 16.26% compared to the current share price 7,042.00

Intrinsic Value of Atul Ltd as of May 3, 2025 is: 5,554.97

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 3, 2025, Atul Ltd is Overvalued by 21.12% compared to the current share price 7,042.00

Last 5 Year EPS CAGR: -5.80%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 22.00%, which is a positive sign. The company has higher reserves (2,899.31 cr) compared to borrowings (190.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (3.42 cr) and profit (578.67 cr) over the years.	The stock has a high average Working Capital Days of 74.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 85.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Atul Ltd:
1. Net Profit Margin: 6.65%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 8.08% (Industry Average ROCE: 13.41%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 6.31% (Industry Average ROE: 16.06%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 29.38
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.83
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 42.8 (Industry average Stock P/E: 27.45)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Atul Ltd. is a Public Limited Listed company incorporated on 11/12/1975 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L99999GJ1975PLC002859 and registration number is 002859. Currently Company is involved in the business activities of Manufacture of other chemical products. Company's Total Operating Revenue is Rs. 5074.69 Cr. and Equity Capital is Rs. 29.46 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Agro Chemicals/Pesticides	Atul House, Ahmedabad Gujarat 380014	shareholders@atul.co.in http://www.atul.co.in

Management
Name	Position Held
Mr. Sunil Lalbhai	Chairman & Managing Director
Mr. Samveg Lalbhai	Managing Director
Mr. Bharathy Mohanan	WholeTime Director & President
Mr. Gopi Kannan Thirukonda	WholeTime Director & CFO
Mr. Baldev Arora	Director
Mr. Pradeep Banerjee	Director
Ms. Shubhalakshmi Panse	Director
Mr. Mukund Chitale	Director
Mr. Rangaswamy Iyer	Director
Mr. Sharadchandra Abhyankar	Director
Mr. Sujal Shah	Director
Mr. Praveen Kadle	Director

FAQ

What is the intrinsic value of Atul Ltd?

Atul Ltd's intrinsic value (as of 03 May 2025) is ₹5897.21 — 16.26% lower the current market price of 7,042.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 20,731 Cr. market cap, FY2025-2026 high/low of ₹8,180/4,752, reserves of 5,579 Cr, and liabilities of 7,158 Cr.

What is the Market Cap of Atul Ltd?

The Market Cap of Atul Ltd is 20,731 Cr..

What is the current Stock Price of Atul Ltd as on 03 May 2025?

The current stock price of Atul Ltd as on 03 May 2025 is 7,042.

What is the High / Low of Atul Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Atul Ltd stocks is ₹8,180/4,752.

What is the Stock P/E of Atul Ltd?

The Stock P/E of Atul Ltd is 42.8.

What is the Book Value of Atul Ltd?

The Book Value of Atul Ltd is 1,902.

What is the Dividend Yield of Atul Ltd?

The Dividend Yield of Atul Ltd is 0.28 %.

What is the ROCE of Atul Ltd?

The ROCE of Atul Ltd is 12.7 %.

What is the ROE of Atul Ltd?

The ROE of Atul Ltd is 9.03 %.

What is the Face Value of Atul Ltd?

The Face Value of Atul Ltd is 10.0.