Atul Limited (IN:ATUL)
:ATUL
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Atul Limited
(ATUL)
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Rating:73Outperform
Price Target:
₹7,452.00
▲(20.59% Upside)
Action:UpgradedDate:04/26/26
The score is driven primarily by resilient financial fundamentals (very low balance-sheet risk and improved recent cash generation) and supportive uptrend/momentum signals. These positives are tempered by a higher valuation (P/E ~28 with a low dividend yield) and the key fundamental watch-out of margin compression versus prior peak levels.
Positive Factors
Conservative balance sheet / low leverage
Sustained low leverage and a conservative balance sheet give Atul durable financial flexibility. With debt-to-equity near ~2.9% and steadily expanding equity, the company can fund capex or weather downturns without refinancing stress, supporting long-term investment and strategic optionality.
Negative Factors
Significant margin compression vs prior peaks
A marked drop in gross margin materially reduces operating leverage and cashflow cushion. If structural (input-cost pressure, pricing power erosion, or product mix shifts), the lower margin base limits reinvestment capacity and makes earnings more sensitive to cyclical demand and commodity swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Sustained low leverage and a conservative balance sheet give Atul durable financial flexibility. With debt-to-equity near ~2.9% and steadily expanding equity, the company can fund capex or weather downturns without refinancing stress, supporting long-term investment and strategic optionality.
Read all positive factors
Atul Limited (ATUL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹197.03B
Dividend Yield0.41%
Average Volume (3M)2.17K
Price to Earnings (P/E)28.1
Beta (1Y)0.81
Revenue Growth12.36%
EPS Growth40.19%
CountryIN
Employees3,255
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)60.35
Shares Outstanding29,441,755
10 Day Avg. Volume2,045
30 Day Avg. Volume2,165
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)3.01
Price to Sales (P/S)2.99
P/FCF Ratio21.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)251.73
Revenue Forecast (FY)₹70.19B
Atul Limited Business Overview & Revenue Model
Company Description
Atul Ltd manufactures and sells chemicals and other chemical products worldwide. It operates in two segments, Life Science Chemicals; and Performance and Other Chemicals. The company offers aromatics, such as 2 nitro para cresol, 2-methylcyclohexy...
How the Company Makes Money
Atul Limited makes money primarily by manufacturing chemical products and selling them to business customers in India and overseas. Its core revenue model is product sales across (a) life science chemicals (including intermediates used in agrochem...
Atul Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.98B | 62.74B | 55.83B | 47.26B | 54.28B | 50.81B |
| Gross Profit | 18.43B | 14.85B | 20.08B | 15.15B | 24.29B | 23.52B |
| EBITDA | 9.77B | 10.31B | 9.17B | 6.35B | 8.10B | 9.15B |
| Net Income | 5.42B | 6.78B | 4.84B | 3.23B | 5.14B | 6.04B |
Balance Sheet | ||||||
| Total Assets | 74.71B | 79.00B | 70.01B | 64.76B | 57.68B | 57.06B |
| Cash, Cash Equivalents and Short-Term Investments | 12.41B | 17.43B | 8.81B | 4.96B | 2.39B | 6.16B |
| Total Debt | 1.88B | 1.83B | 2.02B | 2.37B | 522.40M | 1.44B |
| Total Liabilities | 14.83B | 16.04B | 13.39B | 13.13B | 10.49B | 12.47B |
| Stockholders Equity | 59.18B | 62.22B | 55.99B | 51.14B | 46.71B | 44.29B |
Cash Flow | ||||||
| Free Cash Flow | 4.27B | 8.92B | 3.33B | 1.64B | -1.68B | -3.59B |
| Operating Cash Flow | 5.08B | 10.67B | 6.03B | 6.67B | 7.07B | 2.31B |
| Investing Cash Flow | -3.92B | -9.45B | -4.95B | -6.83B | -4.69B | -1.68B |
| Financing Cash Flow | -991.20M | -925.80M | -1.18B | 375.40M | -2.57B | -574.40M |
Atul Limited Technical Analysis
Positive
6179.45
Price Trends
6398.58
Positive
6184.39
Positive
6319.97
Positive
Market Momentum
53.35
Negative
58.96
Neutral
93.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ATUL, the sentiment is Positive. The current price of 6179.45 is below the 20-day moving average (MA) of 6321.82, below the 50-day MA of 6398.58, and below the 200-day MA of 6319.97, indicating a bullish trend. The MACD of 53.35 indicates Negative momentum. The RSI at 58.96 is Neutral, neither overbought nor oversold. The STOCH value of 93.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ATUL.
Atul Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹197.03B | 28.12 | ― | 0.41% | 12.36% | 40.19% | |
66 Neutral | ₹185.10B | 23.03 | ― | 1.01% | 13.98% | 22.14% | |
64 Neutral | ₹126.24B | 35.11 | ― | 0.15% | 24.53% | 98.27% | |
63 Neutral | ₹171.24B | 25.48 | ― | 0.26% | 13.36% | 2.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹157.96B | 40.15 | ― | 0.51% | -1.72% | -38.35% | |
49 Neutral | ₹68.34B | -16.12 | ― | 0.46% | 202.38% | -145.18% |
* Basic Materials Sector Average
IN:ATUL
Atul Limited
6,692.15
214.34
3.31%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.