Atul Auto Ltd. share price target and research reports

16 Aug 2023, 12:00AM

403.95

-0.76%

Atul Auto Ltd

Buy: Atul Auto Ltd.

AUM Capital

05 Feb 2023

403.95

-0.76%

Atul Auto

Buy: Atul Auto Ltd.

Target

Emkay

20 Jan 2023

403.95

-0.76%

Atul Auto

Hold: Atul Auto Ltd.

ICICI Direct

05 Apr 2022

403.95

-0.76%

Atul Auto

Buy: Atul Auto Ltd.

Target

ICICI Securities Limited

30 Jan 2022

403.95

-0.76%

Outlook remains strong with a focus on expansion

Neutral: Atul Auto Ltd.

Motilal Oswal

ATLP reported a beat on our revenue estimate, led by higher realizations and strong demand in Colors, Crop Protection (Bulk Actives and Polymers), and the Performance Materials business. EBITDA was also 11% beat with EBITDAM at 18.2%, +70bps QoQ), still low, owing to higher input and freight cost, but was weighed down by lower Pharmaceuticals demand in the Life Science segment. Although demand remained robust in the Crop Protection, the Bulk Actives business has helped the company achieve 36% EBIT growth in the Life Sciences segment....

10 Sep 2020

403.95

-0.76%

Atul Auto

Buy: Atul Auto Ltd.

Recommendation Target

ICICI Securities Limited

We value AAL at | 215 i.e. 9x P/E on FY20 EPS of | 24 and assign BUY rating. Although the 3-W segment is one of the hardest hit due to social distancing norms amid Covid-19, it is also difficult to catch the bottom of the cycle. Hence, at the CMP, AAL provides an attractive risk-reward opportunity with inexpensive valuations, healthy balance sheet and sound capital efficiency....

05 Nov 2018

403.95

-0.76%

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...

10 Aug 2018

403.95

-0.76%

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...

21 May 2018

403.95

-0.76%

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)....

14 Feb 2018, 05:47PM

403.95

-0.76%

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).