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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500027 | NSE: ATUL

Atul Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:55 am

Market Cap 20,677 Cr.
Current Price 7,023
High / Low 8,180/5,175
Stock P/E54.7
Book Value 1,905
Dividend Yield0.28 %
ROCE8.74 %
ROE6.35 %
Face Value 10.0
PEG Ratio-4.31

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Epigral Ltd 8,482 Cr. 1,966 2,408/90029.0 3370.25 %17.5 %16.9 % 10.0
Dharmaj Crop Guard Ltd 957 Cr. 283 390/19723.7 1170.00 %14.5 %13.2 % 10.0
Bhaskar Agrochemicals Ltd 44.2 Cr. 84.9 122/46.122.4 29.20.00 %14.7 %13.4 % 10.0
Bhagiradha Chemicals & Industries Ltd 3,973 Cr. 319 448/117148 51.00.03 %8.71 %5.55 % 1.00
Best Agrolife Ltd 1,467 Cr. 620 870/45439.8 3200.48 %16.5 %18.1 % 10.0
Industry Average11,246.85 Cr1,686.9841.37422.470.32%13.25%14.87%7.25

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1,0801,2501,3801,3701,4771,4871,2681,1951,1821,1941,1381,2121,322
Expenses8441,0311,1291,1651,2441,2671,0961,0461,0001,0399861,0651,099
Operating Profit236219251205233220172149182155152148223
OPM %22%17%18%15%16%15%14%12%15%13%13%12%17%
Other Income3223624373323261024171616
Interest2223222222255
Depreciation43444544474950515254617677
Profit before tax22219621018222120214212213812410583158
Tax %26%25%25%25%26%27%28%24%26%26%32%29%29%
Net Profit16514615713716314810392102917259112
EPS in Rs56.0949.5652.5346.0555.7451.1335.6131.7035.0230.6024.0419.8438.00

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2,0292,4392,6372,5952,8343,5144,0384,0933,7315,0815,4284,7264,866
Expenses1,7802,0752,2352,1342,3243,0083,2703,1912,8134,1684,6204,0864,188
Operating Profit249364402461510505768902918913807639678
OPM %12%15%15%18%18%14%19%22%25%18%15%14%14%
Other Income22369375730388310982866574
Interest333326282513799981114
Depreciation5158606695110119130136177198243268
Profit before tax186308326404446412680845882810688451470
Tax %31%29%31%32%28%32%36%21%25%25%26%28%
Net Profit120219240274323281436671660605507324334
EPS in Rs40.3873.9081.1392.44108.8893.21145.72224.69221.64204.23174.19109.71112.48
Dividend Payout %15%10%10%9%9%13%10%12%9%12%19%182%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)82.50%9.59%14.17%17.88%-13.00%55.16%53.90%-1.64%-8.33%-16.20%-36.09%
Change in YoY Net Profit Growth (%)0.00%-72.91%4.58%3.72%-30.89%68.16%-1.26%-55.54%-6.69%-7.87%-19.90%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:8%
TTM:5%
Compounded Profit Growth
10 Years:4%
5 Years:-6%
3 Years:-21%
TTM:-2%
Stock Price CAGR
10 Years:18%
5 Years:12%
3 Years:-7%
1 Year:1%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:10%
Last Year:6%

Last Updated: Unknown

Balance Sheet

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital30303030303030303030302929
Reserves7259191,0091,5851,9362,2142,6763,1253,7974,3994,6425,0855,579
Borrowings370367299316168165510813314452237217
Other Liabilities4405024855355917497838809761,1171,0281,1041,332
Total Liabilities1,5641,8181,8232,4652,7243,0093,5434,1444,9355,6905,7526,4557,158
Fixed Assets5065705147501,0261,0271,1041,1101,4181,6341,7702,7922,816
CWIP665911218059961723682504201,033281212
Investments6763663824294707521,1371,3611,3398811,3921,693
Other Assets9251,1261,1311,1541,2101,4151,5151,5281,9062,2972,0681,9902,437
Total Assets1,5641,8181,8232,4652,7243,0093,5434,1444,9355,6905,7526,4557,158

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +187152306401392356404881718231707667
Cash from Investing Activity +-116-83-167-375-175-129-408-782-645-163-469-683
Cash from Financing Activity +-78-60-124-39-212-207-1-111-52-57-25738
Net Cash Flow-6816-13519-5-112111-2022

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-121.00-3.00103.00145.00342.00489.00713.00794.00785.00769.00755.00402.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days636561626775636472715772
Inventory Days11611910511810783899312812210190
Days Payable9289698786936688121906984
Cash Conversion Cycle8795979388668669781038977
Working Capital Days717675828478756068836970
ROCE %20%28%26%26%23%19%27%28%24%19%15%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters44.94%44.94%45.05%45.06%45.06%45.05%45.05%45.05%45.06%45.17%45.17%45.17%
FIIs9.98%9.22%8.82%9.20%8.92%8.15%7.61%7.71%8.06%8.47%8.63%9.66%
DIIs22.20%23.43%23.37%23.41%24.21%25.23%26.16%26.50%26.08%25.67%25.81%24.54%
Public22.88%22.41%22.76%22.32%21.78%21.56%21.17%20.73%20.79%20.69%20.39%20.63%
No. of Shareholders67,02564,42969,67970,24866,45567,54268,75166,77665,75766,58967,75360,354

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Mid Cap Fund698,0922.78556.25133,7442024-12-18421.96%
DSP Small Cap Fund380,1931.88302.94133,7442024-12-18184.27%
Aditya Birla Sun Life Flexi Cap Fund350,1601.22279.01133,7442024-12-18161.81%
DSP ELSS Tax Saver Fund168,9380.78134.61133,7442024-12-1826.31%
Kotak Small Cap Fund - Regular Plan148,7850.68118.55133,7442024-12-1811.25%
ICICI Prudential Value Discovery Fund148,0820.24117.99133,7442024-12-1810.72%
DSP Equity Opportunities Fund133,7440.76106.57133,7442024-12-180%
ICICI Prudential Multicap Fund112,7040.6589.8133,7442024-12-18-15.73%
DSP Flexi Cap Fund84,4500.5767.29133,7442024-12-18-36.86%
Kotak Equity Arbitrage Fund - Regular Plan78,0000.1262.15133,7442024-12-18-41.68%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)109.54174.15204.23221.17224.69
Diluted EPS (Rs.)109.54174.15204.23221.17224.69
Cash EPS (Rs.)189.17237.25261.15266.49268.24
Book Value[Excl.RevalReserv]/Share (Rs.)1752.681598.181506.191302.651071.86
Book Value[Incl.RevalReserv]/Share (Rs.)1752.681598.181506.191302.651071.86
Revenue From Operations / Share (Rs.)1604.101837.971715.941260.211379.06
PBDIT / Share (Rs.)235.87301.29333.48344.51330.20
PBIT / Share (Rs.)153.43234.31273.81298.47286.33
PBT / Share (Rs.)149.67231.63270.71295.32283.17
Net Profit / Share (Rs.)106.73170.27201.48220.46224.37
NP After MI And SOA / Share (Rs.)109.65174.09204.07221.47224.55
PBDIT Margin (%)14.7016.3919.4327.3323.94
PBIT Margin (%)9.5612.7415.9523.6820.76
PBT Margin (%)9.3312.6015.7723.4320.53
Net Profit Margin (%)6.659.2611.7417.4916.26
NP After MI And SOA Margin (%)6.839.4711.8917.5716.28
Return on Networth / Equity (%)6.3111.0013.6417.1321.12
Return on Capital Employeed (%)8.0814.0417.2221.3924.85
Return On Assets (%)4.988.9110.5813.2816.05
Long Term Debt / Equity (X)0.040.010.010.020.02
Total Debt / Equity (X)0.040.010.030.020.03
Asset Turnover Ratio (%)0.770.900.970.801.06
Current Ratio (X)2.562.492.693.182.84
Quick Ratio (X)1.831.511.812.432.14
Inventory Turnover Ratio (X)2.993.243.962.973.67
Dividend Payout Ratio (NP) (%)22.8418.659.790.0018.94
Dividend Payout Ratio (CP) (%)13.0313.477.570.0015.84
Earning Retention Ratio (%)77.1681.3590.210.0081.06
Cash Earning Retention Ratio (%)86.9786.5392.430.0084.16
Interest Coverage Ratio (X)62.71112.62107.68109.10104.26
Interest Coverage Ratio (Post Tax) (X)29.3864.6566.0670.8171.84
Enterprise Value (Cr.)17113.3420598.5330563.7020735.7611885.32
EV / Net Operating Revenue (X)3.623.806.025.562.90
EV / EBITDA (X)24.6323.1530.9520.3312.13
MarketCap / Net Operating Revenue (X)3.583.796.005.612.88
Retention Ratios (%)77.1581.3490.200.0081.05
Price / BV (X)3.314.406.885.483.74
Price / Net Operating Revenue (X)3.583.796.005.612.88
EarningsYield0.010.020.010.030.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 6,635.45

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 December 22, 2024, is Overvalued by 5.52% compared to the current share price 7,023.00

Intrinsic Value of as of December 22, 2024 is: 5,793.70

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 December 22, 2024, is Overvalued by 17.50% compared to the current share price 7,023.00

Last 5 Year EPS CAGR: -12.69%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 22.00%, which is a positive sign.
  2. The company has higher reserves (2,899.31 cr) compared to borrowings (190.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.23 cr) and profit (531.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 74.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 85.67, which may not be favorable.
  • 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 :
    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: 13.25%)
      • 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: 14.87%)
      • 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: 54.7 (Industry average Stock P/E: 41.37)
      • 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. 4992.75 Cr. and Equity Capital is Rs. 29.61 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesAtul House, Ahmedabad Gujarat 380014shareholders@atul.co.in
http://www.atul.co.in
Management
NamePosition Held
Mr. Sunil LalbhaiChairman & Managing Director
Mr. Samveg LalbhaiManaging Director
Mr. Bharathy MohananWholeTime Director & President
Mr. Gopi Kannan ThirukondaWholeTime Director & CFO
Mr. Baldev AroraDirector
Mr. Pradeep BanerjeeDirector
Ms. Shubhalakshmi PanseDirector
Mr. Mukund ChitaleDirector
Mr. Rangaswamy IyerDirector
Mr. Sharadchandra AbhyankarDirector
Mr. Sujal ShahDirector
Mr. Praveen KadleDirector

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹6635.45, which is 5.52% lower than the current market price of ₹7,023.00. The stock has a market capitalization of 20,677 Cr. and recorded a high/low of 8,180/5,175 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,579 Cr and total liabilities of ₹7,158 Cr.

What is the Market Cap of ?

The Market Cap of is 20,677 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 7,023.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 8,180/5,175.

What is the Stock P/E of ?

The Stock P/E of is 54.7.

What is the Book Value of ?

The Book Value of is 1,905.

What is the Dividend Yield of ?

The Dividend Yield of is 0.28 %.

What is the ROCE of ?

The ROCE of is 8.74 %.

What is the ROE of ?

The ROE of is 6.35 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 . 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