Atul Auto Ltd. News and Updates

Name: Latest research reports of Atul Auto Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: Atul Auto Ltd.
Rating: 5
Author: Dolat Capital

Keep track of all breaking news on Atul Auto Ltd. from all sources in a single place.

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Atul Auto Ltd.

05 Nov 2018

447.45

-0.46%

Atul Auto

Buy: Atul Auto Ltd.

Target

Dolat Capital

Looking out for margin and distribution expansion Atul Auto (ATA) top line growth was in-line with our estimates at ` 1,765 mn but margins were lower due to higher other expenditure. ATA reported volume growth of 9.5% at 12,224 units which were largely driven by higher exports. Domestic volumes grew by 4.4% YoY whereas the exports...

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

10 Aug 2018

447.45

-0.46%

Atul Auto

Buy: Atul Auto Ltd.

Dolat Capital

Atul Auto (ATA) top line growth was in-line with our estimates at ` 1,361 mn but margins were lower due to higher employee expenditure. ATA reported volume growth of 17.8% at 10,568 units which were largely driven by higher exports. Domestic volumes grew by 9% whereas the exports reported a growth of 100% in the quarter Q1FY19 as compared to the same period in the previous year. This was due to a small base. Going forward, we believe that ATA volume growth can improve only if distribution reach is expanded. Existing areas will offer limited growth despite addition of new products. ATA...

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

21 May 2018

447.45

-0.46%

EBITDA margin expanded by 220bps yoy to 12% (Emkay Est: 14.4%; Consensus Est: 13.8%), whi...

Buy: Atul Auto Ltd.

Target

Emkay

Earnings below estimates: Revenue grew by 45% yoy (+17% qoq) to Rs1.51bn (Emkay Est: Rs1.53bn; Consensus Est: Rs1.51bn), broadly in line with estimates. Volume increased by 39% yoy (+7% qoq) to 11,624 units, while realization grew by 4% yoy (flat qoq) to Rs129,542/unit. EBITDA margin expanded by 220bps yoy to 12% (Emkay Est: 14.4%; Consensus Est: 13.8%), which was below estimate due to higher-than-expected RM cost and other expenses. The company is increasing product prices in Q1FY19 to counter commodity inflation. Overall, PAT grew by 84% yoy (+21% qoq) to Rs117mn (Emkay Est: Rs144mn; Consensus Est: Rs135mn)....

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

14 Feb 2018

447.45

-0.46%

Atul Auto (3QFY18): Play on rural recovery. Maintain BUY

Buy: Atul Auto Ltd.

HDFC Securities

Maintain BUY with TP Rs.488 Atul Autos (AAL) 3Q EBITDA at Rs 156mn (-17% YoY,) was below estimates. EBITDA margin contracted to 12.2%(-190bps YoY) dragged by higher product development cost (towards new 3W on alternative fuel segment and BS6 diesel engine). Net revenue at Rs 1.28bn (-4% YoY) led by 10% fall in volumes to 9.9k, offset by 6.3% increase in net ASP. APAT came in at Rs 97mn (-21% YoY).

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

01 Jan 2018

447.45

-0.46%

Atul Auto December sales up 13% at 2,890 units

Business Standard

Shares of Atul Auto ended 0.52 per cent up at Rs 459.95 apiece on BSE

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

01 Jan 2018

447.45

-0.46%

Atul Auto

Buy: Atul Auto Ltd.

Mehta Equities

Atul Auto (ATUL) is a five decade old three-wheeler manufacturer of auto rickshaws, pick-up vans and chassis of passenger vehicles based in Gujarat. It offers a range of diesel and compressed natural gas (CNG) three-wheeler products in both front and rear engine platform for passenger and cargo transportation. Its product portfolio consists of almost 50 models catering to passenger and goods carrier segments. ATUL continues to be number 1 player in Gujarat with...

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

04 Dec 2017

447.45

-0.46%

Atul Auto (2QFY18): On track. Maintain BUY

Buy: Atul Auto Ltd.

Target

HDFC Securities

We have reduced our FY18/19/20E EPS in the range of 8-10% factoring in delay in STA approval for its gasoline vehicle and reduce TP to Rs.488 (16x Sept 19 earrings) vs 528 earlier. Maintain BUY. Atul Autos (AAL) 2Q EBITDA at Rs 269mn (+22% YoY, +122% QoQ) was above estimates. EBITDA margin expanded to 16.8% (+142bps YoY, 647bps QoQ) led by cost control measures and benefit of operating leverage. Net revenue at Rs 1.6bn (+11.4% YoY) was led by 4% increase in volumes to 12.2k and 7% net ASP. APAT came in at Rs 170mn (+24% YoY, +117% QoQ).

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

04 Dec 2017

447.45

-0.46%

EBITDA margin expanded by 140bps yoy (+660bps qoq) to 16.8% (Emkay Est: 14.5%). Margin i...

Buy: Atul Auto Ltd.

Emkay

EBITDA margin expanded by 140bps yoy (+660bps qoq) to 16.8% (Emkay Est: 14.5%). Margin improved qoq due to benign mix, better pricing from vendors, lower marketing/warranty costs and enhanced scale. Management expects double-digit growth in volume in FY18. Also, momentum in volume growth will continue in FY19E, led by: 1) Launch of alternative-fuel 3Ws (Petrol, CNG, LPG and Electric) across India by end-FY18, 2) Increase in exports, from monthly runrate of ~300 units currently to over 500 units in FY19, and 3) Network expansion. Our FY18E EPS estimate remains unchanged at Rs21.9, but we have cut our FY19E EPS forecast by 5% to Rs26.5, due to lower volume growth assumption, factoring in...

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

08 Oct 2017

447.45

-0.46%

ATUL AUTO LTD

Buy: Atul Auto Ltd.

Ventura

We initiate coverage on Atul as a BUY with a price objective of Rs.716, representing a potential upside of 60% over a period of 24 months. At the CMP of Rs.448 the stock is trading at 13.1X its estimated earnings of FY20. We have assigned PE multiple of 21X on the FY20 EPS of Rs.34.10 to arrive at the target price.

Atul Auto Ltd. is trading below all available SMAs

Is Atul Auto Ltd. worth buying?

173 Votes:

Buy 78.61%

Sell 8.67%

Hold 12.72%

35.48% Fall from 52W High

Atul Auto Ltd. News and Updates

Keep track of all breaking news on Atul Auto Ltd. from all sources in a single place.