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Atul Auto Ltd (IN:ATULAUTO)
:ATULAUTO
India Market
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Atul Auto Ltd (ATULAUTO) AI Stock Analysis

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IN:ATULAUTO

Atul Auto Ltd

(ATULAUTO)

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Neutral 58 (OpenAI - 5.2)
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)

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
Financials show a clear recovery with revenue growth and improved profitability in FY2025–FY2026, and leverage remains manageable (D/E ~0.30). The main drag is inconsistency in cash generation (negative operating cash flow in FY2022–FY2024 and weaker/volatile conversion trends), which lowers confidence in the durability of the rebound.
Income Statement
68
Positive
Balance Sheet
64
Positive
Cash Flow
52
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue7.54B8.24B7.23B5.23B4.66B3.07B
Gross Profit1.41B1.45B1.10B1.29B968.60M662.70M
EBITDA623.00M841.00M548.20M399.20M376.20M-160.30M
Net Income270.20M422.60M216.30M89.80M40.00M-249.40M
Balance Sheet
Total Assets7.35B7.69B6.80B6.55B6.09B5.45B
Cash, Cash Equivalents and Short-Term Investments391.50M824.50M250.60M428.50M205.60M62.20M
Total Debt1.45B1.45B1.10B1.44B1.71B1.88B
Total Liabilities2.78B2.79B2.34B2.27B2.56B2.69B
Stockholders Equity4.53B4.84B4.41B4.20B3.48B2.77B
Cash Flow
Free Cash Flow-199.70M273.60M169.40M-94.30M-246.00M-1.79B
Operating Cash Flow-149.70M383.60M334.80M-7.90M-176.50M-1.69B
Investing Cash Flow-280.30M-673.00M87.00M-137.90M-235.10M41.60M
Financing Cash Flow303.60M348.70M-450.30M304.70M388.50M1.64B

Atul Auto Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price458.55
Price Trends
50DMA
475.25
Negative
100DMA
458.29
Positive
200DMA
463.53
Positive
Market Momentum
MACD
-4.94
Positive
RSI
49.23
Neutral
STOCH
75.37
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 469.46, below the 50-day MA of 475.25, and below the 200-day MA of 463.53, indicating a neutral trend. The MACD of -4.94 indicates Positive momentum. The RSI at 49.23 is Neutral, neither overbought nor oversold. The STOCH value of 75.37 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹1.00T17.502.90%15.85%31.09%
70
Outperform
₹245.98B20.300.22%12.21%51.31%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
58
Neutral
₹12.99B30.7914.07%95.39%
50
Neutral
₹195.46B-10.20-50.09%19.13%
46
Neutral
₹3.55B-18,071.63-100.00%-99.38%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:ATULAUTO
Atul Auto Ltd
473.35
27.95
6.28%
IN:FORCEMOT
Force Motors Limited
18,674.00
4,436.62
31.16%
IN:HEROMOTOCO
Hero Motocorp Limited
4,974.50
780.35
18.61%
IN:HINDMOTORS
Hindustan Motors Ltd
17.04
-12.83
-42.95%
IN:OLAELEC
Ola Electric Mobility Limited
42.28
-3.77
-8.19%

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.Date of analysis: May 23, 2026