ATULAUTOIndustrials

Atul Auto Limited

Commercial Vehicles · ISIN INE951D01028 · BSE 531795 · NSE EQ · FV ₹5
Last price
₹441
+1.15%today
What this company does

Atul Auto Limited operates in Commercial Vehicles, part of the Industrials sector. It booked ₹218 cr of revenue in its latest quarter (Q1 FY27) and kept 3.6% of sales as profit. It is the 4th largest of 4 Commercial Vehicles companies we track, by market value.

In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns36

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality52

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 43% vs last year
Profit up 169% vs last year
Promoters hold 43%
No promoter shares pledged
Watch-outs
! Thin 3.6% net margin
! Low 6.6% return on equity
! Operating cash flow is negative

What if I invest in ATULAUTO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 12% a year, it would become
₹22.40 lakh

The slider starts at 12%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹441 +1.15%
latest close · 2026-09-17
1-year return
+130.6%
52-wk low ₹14752-wk high ₹597
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio38.6High
LowAverageHigh
P/B ratio2.53Moderate
Below bookModerateHigh
EV / EBITDA18.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.6%Weak
WeakFairStrong ▸15%
Return on capital9.8%Fair
WeakFairStrong
Net margin3.6%Thin
ThinDecentStrong
EBITDA margin8.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.29Comfortable
LowModerateHigh ▸1
Interest cover4.9×Okay
RiskyOkayStrong ▸5×
Current ratio1.58Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,225 cr
Book value
₹174
EPS
₹2.86
latest quarter
Net debt
₹121 cr
owes more than its cash
Enterprise value
₹1,346 cr
EBITDA
₹73 cr
annualised
EBIT
₹54 cr
annualised
Operating margin
6.2%
Return on assets
4.1%
Earnings yield
2.59%
P/S
1.40
Sales / share
₹314.7
Tax rate
25.3%
Face value
₹5
Shares
2.8 cr
Working capital
₹129 cr
Current assets
₹349 cr
Current liabilities
₹220 cr
Delivery %
49.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹81₹113, midpoint ₹97

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹218 cr
Other Income₹1 cr
Total Income₹220 cr
Cost of Materials₹164 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-9 cr
Employee Benefit Expense₹23 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹23 cr
Total Expenses₹209 cr
Profit before Tax₹11 cr
Tax Expense₹3 cr
Net Profit₹8 cr
Net margin on total income3.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹156 cr70.8%
Employee benefit expense₹23 cr10.4%
Finance costs₹3 cr1.2%
Depreciation & amortisation₹5 cr2.1%
Other expenses₹23 cr10.6%
Tax expense₹3 cr1.2%
Profit for the period₹8 cr3.7%
Total income ₹220 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue231 cr241 cr218 cr
Total income231 cr242 cr220 cr
Expenses210 cr219 cr209 cr
Profit before tax20 cr22 cr11 cr
Tax5 cr4 cr3 cr
Net profit (owners' share)15 cr15 cr8 cr
Net margin (owners' share, on revenue)6.6%6.1%3.6%
EPS (₹)5.525.332.86
YoY (latest quarter): total income +43.6% · net profit +168.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹769 cr
Shareholder equity
₹484 cr
parent shareholders
Total debt
₹145 cr
Cash
₹24 cr
Cash flow · H1 FY26
Operating
₹-15 cr
Investing
₹-28 cr
Financing
₹30 cr
Peer comparison
Commercial Vehicles · by market value
CompanyPriceMarket capP/E
Tata Motors Limited₹436₹1.61 L cr15.7
Ashok Leyland Limited₹159₹93,172 cr37.8
SML Mahindra Limited₹6,221₹9,007 cr35.4
Atul Auto Limitedthis company₹441₹1,225 cr38.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.68%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹3 / share11 Sep 2026
Dividend₹1.5 / share21 Nov 2019
Dividend₹1.25 / share20 Sep 2019
Dividend₹2.75 / share16 Nov 2018
Dividend₹2.5 / share19 Sep 2018
Dividend₹2.75 / share13 Dec 2017
Who owns it · 2026-06-30
No pledge
Promoter
42.7%
FII / Foreign
0.5%
DII / Domestic
0.1%
Retail / others
56.7%
Smart-money activity
Insider trades
BoughtHIREN VASANTRAI PATEL · Promoter Group1.50 L27 Mar 26
SoldMANJULABEN VASANTRAI PATEL · Promoter Group1.91 L27 Mar 26
BoughtHIRENKUMAR V PATEL HUF · Promoter Group1.64 L25 Mar 26
Bulk / block deals
BoughtQE SECURITIES LLP · NSE2.27 L @ ₹501.6424 Apr 26
SoldQE SECURITIES LLP · NSE2.23 L @ ₹507.5624 Apr 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE2.79 L @ ₹507.8824 Apr 26
Stake changes
BoughtNandan Chetanbhai Patel · promoter→ 42.70%25 May 26
BothHiren Vasantrai Patel · promoter→ 42.70% · 3.14 L27 Mar 26
BothMahendra J Patel and other promoter group · promoter→ 42.73% · 3.15 L26 Oct 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Sep 2025
See the official result
1
Consideration and adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with Board's Report thereon and Auditors' Reports thereto.
Backed by 100% of shareholders other than promotersneeded 50%
62.14 L votes for, 1,458 against · 0% of mutual funds and other big investors said no
2
Consideration and adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and Auditors' Reports thereto.
Backed by 100% of shareholders other than promotersneeded 50%
62.14 L votes for, 1,458 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Shri Mahendra J Patel (DIN: 00057735) as a Director retire by rotation.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
62.14 L votes for, 1,474 against · 0% of mutual funds and other big investors said no
4
Appointment of M/s. Hardik Hudda & Associates, Practicing Company Secretary as Secretarial Auditor of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
62.14 L votes for, 1,471 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 33 named members
owning 42.7% between them · as of 2026-06-30
CHANDRA MAHESH7.10%
JAYANTIBHAI JAGJIVANDAS CHANDRA5.23%
DHARMENDRABHAI JAGJIVANDAS CHANDRA4.57%
HARISHKUMAR JAGJIVAN CHANDRA3.82%
BHARATBHAI JAGJIVANDAS CHANDRA3.52%
MANISHABEN ATULKUMAR CHANDRA3.10%
KHUSHBU AUTO PRIVATE LIMITED2.33%
HIREN VASANTRAI PATEL1.04%
Business done with them
FY2025 · 1 of the group
The company paid ₹71 cr to companies in the promoter group last year — about 9.9% of its ₹723 cr revenue.
Khushbu Auto Private Limited
Bought goods from them · As per note
also owns 2.33% of the company
₹71 cr
company paid
Khushbu Auto Private Limited
Contribution made to them · As per note
also owns 2.33% of the company
₹21 L
company paid
Khushbu Auto Private Limited
Other payments to them · As per note
also owns 2.33% of the company
₹10 L
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.