Atal Realtech Limited (ATALREAL) AI Stock Analysis

• Market Cap: ₹2.92B
• Dividend Yield: N/A
• Average Volume (3M): 134.31K
• Price to Earnings (P/E): 42.0
• Beta (1Y): 0.25
• Revenue Growth: 49.74%
• EPS Growth: -26.42%
• Country: IN
• Employees: 23
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): 0.09
• Shares Outstanding: 122,996,250
• 10 Day Avg. Volume: 196,585
• 30 Day Avg. Volume: 134,306
• PEG Ratio: 0.36
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 1.04
• P/FCF Ratio: -6.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹29.00 ▲(11.62% Upside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

Atal Realtech Limited's stock score is driven by strong technical momentum, despite concerns over valuation and cash flow management. The stock's overvaluation and cash flow issues are significant risks, but the bullish technical indicators provide a counterbalance.

Positive Factors

Strong revenue growth

Sustained revenue more than doubling YoY indicates successful market penetration and demand for services. A larger top line provides scale to absorb fixed costs, supports reinvestment in projects and backlog expansion, and underpins medium-term cash generation if operating cash conversion improves.

Solid equity base

A high equity ratio signals low reliance on debt and provides balance-sheet resilience against project delays or cost overruns. This structural capital strength improves borrowing capacity, supports bidding for larger contracts, and reduces insolvency risk across normal industry cycles.

Stable gross margin and improved net margin

Consistent gross margins indicate control over project costing and pricing power in core offerings. An improving net margin shows the company can retain incremental revenue after expenses, supporting sustainable profitability as scale increases and enabling reinvestment or deleveraging over the medium term.

Negative Factors

Negative operating and free cash flow

Large negative operating and free cash flows highlight weak cash conversion of earnings and potential working capital strain. This creates structural reliance on external financing to fund growth, heightens liquidity risk during downturns, and can limit free cash for capex or debt reduction over months ahead.

Rising leverage

An increasing debt load reduces financial flexibility and raises interest obligations, which can erode margins if revenue or margins falter. Even moderate leverage can constrain capital allocation choices and increase refinancing risk if cash flows remain negative over the next several quarters.

Earnings compression and EPS decline

Negative EPS growth and a falling EBIT margin point to rising operating costs or one-off charges that compress earnings quality. Persistent margin pressure reduces retained earnings available for capex or deleveraging and undermines long-term profitability sustainability if not addressed.

Atal Realtech Limited Business Overview & Revenue Model

Company Description

Atal Realtech Ltd. engages in the provision of civil works contracting and engineering services for structural construction and infrastructure sector projects. The firm is also involved in contracting and sub-contracting government and private projects which includes construction of commercial structures and industrial structures. The company was founded by Vijaygopal Parasram Atal on August 25, 2012 and is headquartered in Nashik, India.

How the Company Makes Money

Atal Realtech Limited generates revenue primarily through the sale and leasing of residential and commercial properties. The company profits by developing real estate projects that are sold to consumers or leased to businesses. Additionally, it earns money through project management services for third-party clients and consultancy fees related to real estate transactions. The company may also establish strategic partnerships with other developers, financial institutions, and local governments to enhance its project financing and facilitate property development, further contributing to its revenue streams.

Atal Realtech Limited Financial Statement Overview

Summary

Atal Realtech Limited shows strong revenue growth and a solid equity base, but faces challenges with rising leverage and negative cash flow. Profitability is present, but cash conversion is weak, necessitating improved cash management.

Income Statement

Atal Realtech Limited demonstrated strong revenue growth with a significant increase in total revenue from 408.26 million to 957.28 million year-over-year. The gross profit margin is stable at 15.45% for 2025, and the net profit margin improved to 3.70%. However, the EBIT margin slightly decreased from the previous year despite a higher EBIT, indicating increased operating costs.

Balance Sheet

The company's balance sheet shows a strong equity base with an equity ratio of 75.10%, indicating financial stability. However, the debt-to-equity ratio has increased to 0.24, reflecting higher leverage, which could pose potential risks if not managed well. Return on equity is reasonable at 5.27%, suggesting moderate profitability.

Cash Flow

The cash flow statement reveals challenges in cash management, with a negative operating cash flow of -143.48 million and free cash flow of -157.41 million despite increased financing activities. The free cash flow to net income ratio is negative, highlighting concerns in converting profits into cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.03B	957.28M	408.26M	406.30M	404.33M	435.19M
Gross Profit	161.17M	147.90M	85.25M	75.97M	75.13M	73.03M
EBITDA	86.74M	76.17M	53.02M	46.63M	51.51M	52.15M
Net Income	39.95M	35.43M	21.45M	20.79M	21.55M	20.96M
Balance Sheet
Total Assets	0.00	896.32M	575.64M	498.30M	486.54M	481.98M
Cash, Cash Equivalents and Short-Term Investments	79.11M	79.11M	2.25M	20.14M	71.00K	21.55M
Total Debt	0.00	158.32M	92.06M	112.22M	48.09M	103.02M
Total Liabilities	-672.96M	223.36M	198.51M	143.51M	152.54M	169.53M
Stockholders Equity	672.96M	672.96M	377.12M	355.73M	334.00M	312.45M
Cash Flow
Free Cash Flow	0.00	-157.41M	3.75M	18.69M	-77.25M	-54.25M
Operating Cash Flow	0.00	-143.48M	12.57M	19.31M	-74.23M	-53.08M
Investing Cash Flow	0.00	-8.91M	-9.91M	-18.61M	71.39M	50.88M
Financing Cash Flow	0.00	229.24M	-20.55M	2.84M	-18.64M	2.94M

Atal Realtech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ATALREAL, the sentiment is Negative. The current price of 25.98 is below the 20-day moving average (MA) of 25.99, below the 50-day MA of 26.09, and above the 200-day MA of 22.02, indicating a neutral trend. The MACD of -0.40 indicates Positive momentum. The RSI at 36.61 is Neutral, neither overbought nor oversold. The STOCH value of 27.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ATALREAL.

Atal Realtech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMJLAND	73 Outperform	₹1.61B	40.90	―	0.39%	―	―
CORALFINAC	69 Neutral	₹1.32B	10.71	―	1.00%	―	―
ATALREAL	68 Neutral	₹2.92B	42.03	―	―	49.74%	-26.42%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
RVHL	52 Neutral	₹2.22B	6.31	―	―	625.91%	―
EMAMIREAL	39 Underperform	₹2.77B	-2.38	―	―	62.06%	-51.93%

Atal Realtech Limited Corporate Events

Atal Realtech Files SEBI Compliance Certificate; No Share Rematerialisation Requests in Q3 FY25

Atal Realtech Limited has submitted to the stock exchanges a compliance certificate received from its Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd., under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The RTA has confirmed that there were no requests from company members for rematerialisation of shares during the quarter, underscoring the company’s adherence to regulatory disclosure requirements and indicating continued reliance on dematerialised shareholding, which is standard practice in India’s capital markets.

Atal Realtech Files Postal Ballot Voting Results With Exchanges

Atal Realtech Limited has informed stock exchanges that the results of its recent postal ballot, conducted via remote e‑voting between 27 November and 26 December 2025, have been finalized and submitted, along with the scrutinizer’s report, in compliance with SEBI’s listing regulations and the Companies Act. The voting outcomes, which determine shareholder approval on the business items circulated in the November 22 postal ballot notice, have been made available on the company’s website, the NSDL e‑voting platform, and at the company’s registered office, underscoring the company’s adherence to statutory disclosure norms and reinforcing transparency for investors and other stakeholders.

Atal Realtech Closes Trading Window Ahead of Q3 FY2025 Results

Atal Realtech Limited has announced a closure of its trading window for company securities for all directors, officers, designated and connected persons, including promoters and their immediate relatives, from 1 January 2026 until 48 hours after the declaration of its financial results for the quarter ended 31 December 2025. The move, made in line with SEBI’s Prohibition of Insider Trading Regulations and the firm’s internal code of conduct, is a routine governance measure aimed at preventing insider trading around the forthcoming quarterly results, with the date of the board meeting to approve these results to be communicated later.

Atal Realtech Announces Postal Ballot for Related Party Transaction Approval

Atal Realtech Limited has announced a postal ballot for the approval of a related party transaction with ABH Developers Private Limited. This transaction involves subcontracting the construction of a court building in Karanja, Washim District. The voting will be conducted through remote e-voting, with results to be announced on December 27, 2025. This move is part of the company’s efforts to streamline its operations and enhance its project execution capabilities, potentially impacting its market positioning and stakeholder interests.

Atal Realtech Approves Major Related Party Transaction

Atal Realtech Limited’s board approved a related party transaction involving a subcontracting agreement with ABH Developers Private Limited for the construction of a court building. The transaction, valued at approximately Rs. 49.47 crore, requires shareholder approval via postal ballot and involves a 4% royalty fee. This decision highlights Atal Realtech’s strategic partnerships within the industry, potentially impacting its operational dynamics and stakeholder interests.