Want to see IN:ATULAUTO full AI Analyst Report?
Top Page
Atul Auto Ltd
(ATULAUTO)
Select Model
Select Model
Rating:58Neutral
Price Target:
₹504.00
▲(9.91% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by improving profitability and manageable leverage, tempered by volatile cash-flow consistency. Technicals add a modestly supportive longer-term trend but show near-term softness, while valuation (P/E ~25) provides limited upside support without a dividend yield.
Positive Factors
Revenue recovery & growth
Sustained revenue recovery through FY2025–FY2026 indicates the company is regaining demand for its three-wheeler platforms. Multi-year top-line expansion supports reinvestment in product development and dealer expansion, improving the durability of earnings and strategic capacity over months.
Negative Factors
Inconsistent cash generation
Choppy operating cash flow and volatile free cash flow reduce the company's ability to fund working-capital needs, capex or dealer support from internal cash. This inconsistency increases reliance on external financing and raises sensitivity to seasonal or demand shocks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery & growth
Sustained revenue recovery through FY2025–FY2026 indicates the company is regaining demand for its three-wheeler platforms. Multi-year top-line expansion supports reinvestment in product development and dealer expansion, improving the durability of earnings and strategic capacity over months.
Read all positive factors
Atul Auto Ltd (ATULAUTO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.42B
Dividend YieldN/A
Average Volume (3M)48.39K
Price to Earnings (P/E)31.8
Beta (1Y)1.37
Revenue Growth14.07%
EPS Growth95.39%
CountryIN
Employees474
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)15.22
Shares Outstanding27,751,280
10 Day Avg. Volume20,202
30 Day Avg. Volume48,392
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)2.19
Price to Sales (P/S)1.29
P/FCF Ratio38.76
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)N/A
Revenue Forecast (FY)N/A
Atul Auto Ltd Business Overview & Revenue Model
Company Description
Atul Auto Limited is an Indian-based company that specializes in the production and sale of three-wheeled automobiles. Their extensive product range includes passenger and cargo carriers, e-rickshaws, and dedicated delivery vans, alongside a selec...
How the Company Makes Money
Atul Auto primarily makes money by manufacturing and selling three-wheelers (both passenger carriers and goods/carrier variants) in domestic and export markets. Revenue is generated mainly from (1) vehicle sales to its dealer/distributor network (...
Atul Auto Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
64
Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.24B | 7.23B | 5.23B | 4.66B | 3.07B |
| Gross Profit | 1.45B | 1.10B | 1.29B | 968.60M | 662.70M |
| EBITDA | 848.70M | 548.20M | 399.20M | 376.20M | -160.30M |
| Net Income | 422.60M | 216.30M | 89.80M | 40.00M | -249.40M |
Balance Sheet | |||||
| Total Assets | 7.69B | 6.80B | 6.55B | 6.09B | 5.45B |
| Cash, Cash Equivalents and Short-Term Investments | 824.50M | 250.60M | 428.50M | 205.60M | 62.20M |
| Total Debt | 1.45B | 1.10B | 1.44B | 1.71B | 1.88B |
| Total Liabilities | 2.79B | 2.34B | 2.27B | 2.56B | 2.69B |
| Stockholders Equity | 4.84B | 4.41B | 4.20B | 3.48B | 2.77B |
Cash Flow | |||||
| Free Cash Flow | 273.60M | 169.40M | -94.30M | -246.00M | -1.79B |
| Operating Cash Flow | 383.60M | 334.80M | -7.90M | -176.50M | -1.69B |
| Investing Cash Flow | -673.00M | 87.00M | -137.90M | -235.10M | 41.60M |
| Financing Cash Flow | 348.70M | -450.30M | 304.70M | 388.50M | 1.64B |
Atul Auto Ltd Technical Analysis
Positive
458.55
Price Trends
479.72
Positive
465.97
Positive
463.03
Positive
Market Momentum
2.81
Positive
51.85
Neutral
32.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ATULAUTO, the sentiment is Positive. The current price of 458.55 is below the 20-day moving average (MA) of 482.23, below the 50-day MA of 479.72, and below the 200-day MA of 463.03, indicating a bullish trend. The MACD of 2.81 indicates Positive momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 32.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ATULAUTO.
Atul Auto Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹2.92T | 27.15 | ― | 2.31% | 23.36% | 46.60% | |
70 Outperform | ₹240.34B | 19.84 | ― | 0.22% | 12.21% | 51.31% | |
62 Neutral | ₹3.95T | 20.77 | ― | 3.05% | 24.55% | 32.09% | |
61 Neutral | ₹58.99B | 37.01 | ― | 0.47% | 18.30% | 31.30% | |
58 Neutral | ₹13.42B | 31.76 | ― | ― | 14.07% | 95.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹1.72T | 56.92 | ― | 0.27% | 26.32% | 35.10% |
* General Sector Average
IN:ATULAUTO
Atul Auto Ltd
483.65
27.15
5.95%
IN:BAJAJ.AUTO
Bajaj Auto Limited
10,437.45
2,115.10
25.41%
IN:FORCEMOT
Force Motors Limited
18,240.25
1,070.54
6.24%
IN:M&M
Mahindra & Mahindra Ltd.
3,178.65
-33.99
-1.06%
IN:SMLMAH
Sml Isuzu Limited
4,076.55
755.10
22.73%
IN:TVSMOTOR
TVS Motor Company Limited
3,618.65
793.18
28.07%
Atul Auto Ltd Corporate Events
Atul Auto Confirms SEBI-Compliant Dematerialisation of Shares for March Quarter
Apr 8, 2026
Atul Auto Ltd has certified that, for the quarter ended 31 March 2026, all securities received for dematerialisation were duly verified, mutilated and cancelled, and that the depositories were recorded as the registered owners within the prescribe...
Atul Auto inducts veteran automotive expert K.C. Vora as independent director
Mar 14, 2026
Atul Auto Ltd has appointed Dr. Kamalkishore C. Vora as an additional non-executive independent director effective 15 March 2026, for a term of three years subject to shareholder approval. The appointment follows a recommendation by the Nomination...
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.