Atul Auto Ltd (ATULAUTO) AI Stock Analysis

• Market Cap: ₹12.31B
• Dividend Yield: N/A
• Average Volume (3M): 48.39K
• Price to Earnings (P/E): 45.6
• Beta (1Y): 1.49
• Revenue Growth: 20.23%
• EPS Growth: 57.66%
• Country: IN
• Employees: 474
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 3.30
• Shares Outstanding: 27,751,280
• 10 Day Avg. Volume: 20,202
• 30 Day Avg. Volume: 48,392
• PEG Ratio: 0.54
• Price to Book (P/B): 3.45
• Price to Sales (P/S): 2.11
• P/FCF Ratio: 89.92
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹504.00 ▲(14.47% Upside)

Atul Auto Ltd's overall stock score is influenced primarily by its financial performance, which shows a positive recovery trajectory. However, technical analysis indicates a neutral to slightly bearish trend, and the high P/E ratio suggests potential overvaluation. The absence of a dividend yield further impacts the valuation negatively. The lack of earnings call and corporate events data means these factors did not contribute to the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Atul Auto's products, suggesting effective market penetration and product acceptance.

Cash Flow Improvement

Improved cash flow enhances financial flexibility, allowing Atul Auto to invest in growth opportunities and manage debt effectively.

Stable Equity Position

A strong equity position provides a solid financial foundation, reducing reliance on debt and enhancing long-term financial stability.

Negative Factors

Debt Increase

Rising debt levels could strain future cash flows and limit financial flexibility, posing a risk if not managed prudently.

Profitability Challenges

Low net profit margins suggest challenges in cost management and profitability, potentially impacting long-term earnings growth.

Historical Cash Flow Volatility

Volatile cash flows in the past highlight potential risks in sustaining current levels, affecting financial predictability and planning.

Atul Auto Ltd Business Overview & Revenue Model

Company Description

Atul Auto Ltd (ATULAUTO) is a leading player in the Indian automotive sector, primarily focused on the manufacturing of three-wheelers. Established in 1986, the company has built a robust portfolio that includes a variety of vehicles catering to passenger and cargo transportation needs. With a commitment to innovation and quality, Atul Auto offers products that are designed to meet the diverse demands of urban and rural markets, contributing significantly to the growth of the shared mobility and goods transport sectors in India.

How the Company Makes Money

Atul Auto generates revenue primarily through the sale of its three-wheeler vehicles, which are marketed under various brand names. The company's revenue model is based on manufacturing and selling vehicles to dealers who then sell them to end customers. Key revenue streams include the direct sale of three-wheelers, spare parts, and servicing of vehicles. Additionally, the company may engage in partnerships with financing institutions to facilitate vehicle loans for customers, which can boost sales. Factors such as strong brand recognition, an expanding distribution network, and a focus on expanding production capacity also contribute to its overall earnings.

Atul Auto Ltd Financial Statement Overview

Summary

Atul Auto Ltd is on a recovery trajectory with improved revenue and profitability metrics. The balance sheet reflects a stable equity position with manageable debt levels. Cash flows have shown significant improvement, but historical volatility suggests the need for careful financial management.

Income Statement

Atul Auto Ltd has shown a notable recovery in its income statement over the past year. The company achieved a gross profit margin of 26.71% and a net profit margin of 3.04% in 2025, indicating improved cost management and profitability. Revenue growth of 35.94% from 2024 to 2025 reflects strong sales performance. While EBIT and EBITDA margins are at 4.82% and 7.72% respectively, the company still faces challenges in maintaining higher profitability levels compared to past years.

Balance Sheet

The balance sheet of Atul Auto Ltd shows a moderate financial position. The debt-to-equity ratio stands at 0.25, indicating manageable leverage. Return on equity is 4.91%, reflecting a moderate return for shareholders. The equity ratio is a strong 64.80%, signifying substantial equity financing. However, the total debt has increased, which could pose risks if not managed carefully.

Cash Flow

Cash flow analysis indicates a positive turnaround with operating cash flow at 334.8 million in 2025. The free cash flow to net income ratio is 0.78, suggesting decent cash generation relative to earnings. Free cash flow growth is strong compared to the previous year, indicating improved financial health. However, past fluctuations in cash flow highlight potential risks in sustaining these levels.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.39B	7.23B	5.23B	4.66B	3.07B	2.90B
Gross Profit	1.35B	1.10B	1.29B	968.60M	662.70M	510.70M
EBITDA	569.20M	548.20M	399.20M	376.20M	-160.30M	-62.30M
Net Income	232.60M	216.30M	89.80M	40.00M	-249.40M	-81.80M
Balance Sheet
Total Assets	0.00	6.80B	6.55B	6.09B	5.45B	3.88B
Cash, Cash Equivalents and Short-Term Investments	198.30M	250.60M	428.50M	205.60M	62.20M	177.90M
Total Debt	0.00	1.10B	1.44B	1.71B	1.88B	156.90M
Total Liabilities	-4.47B	2.34B	2.27B	2.56B	2.69B	877.10M
Stockholders Equity	4.47B	4.41B	4.20B	3.48B	2.77B	3.00B
Cash Flow
Free Cash Flow	0.00	169.40M	-94.30M	-246.00M	-1.79B	7.80M
Operating Cash Flow	0.00	334.80M	-7.90M	-176.50M	-1.69B	520.90M
Investing Cash Flow	0.00	87.00M	-137.90M	-235.10M	41.60M	-600.40M
Financing Cash Flow	0.00	-450.30M	304.70M	388.50M	1.64B	141.10M

Atul Auto Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 440.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ATULAUTO, the sentiment is Negative. The current price of 440.3 is below the 20-day moving average (MA) of 451.96, below the 50-day MA of 472.43, and below the 200-day MA of 468.74, indicating a bearish trend. The MACD of -10.18 indicates Positive momentum. The RSI at 40.97 is Neutral, neither overbought nor oversold. The STOCH value of 30.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ATULAUTO.

Atul Auto Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEROMOTOCO	72 Outperform	₹1.27T	24.05	―	2.77%	5.18%	27.60%
SMLISUZU	72 Outperform	₹47.18B	33.35	―	0.48%	6.04%	14.86%
FORCEMOT	69 Neutral	₹241.15B	28.00	―	0.23%	14.54%	126.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ATULAUTO	56 Neutral	₹12.31B	45.57	―	―	20.23%	57.66%
OLAELEC	41 Neutral	₹156.58B	-6.47	―	―	―	―
HINDMOTORS	38 Underperform	₹3.54B	52.31	―	―	-87.98%	-83.04%

Atul Auto Ltd Corporate Events

Atul Auto Limited Announces Virtual AGM for 2025

Atul Auto Limited has announced the scheduling of its 37th Annual General Meeting (AGM) to be held on September 19, 2025, through video conferencing. This move aligns with regulatory requirements and highlights the company’s adaptation to modern communication methods, potentially increasing accessibility for stakeholders and maintaining compliance with corporate governance standards.