NSE: ATULAUTO | BSE: 531795

Mid-range Performer

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454.40 7.25 (1.62%)

44.19% Fall from 52W High

31,068 NSE+BSE Volume

NSE 10 Jul, 2025 11:27 AM (IST)

1,261

Market Cap

Below industry Median

1.2

Beta 1Year

Very High Volatility

Atul Auto Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for ATULAUTO, BSE:531795 Atul Auto Ltd.

Atul Auto Ltd.

01 Jan 2018

454.40

1.62%

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

454.40

1.62%

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. has lost -40.71% in the last 1 Year

Atul Auto Ltd.

04 Dec 2017

454.40

1.62%

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. has lost -40.71% in the last 1 Year

Atul Auto Ltd.

08 Oct 2017

454.40

1.62%

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

Atul Auto Ltd.

16 Aug 2017

454.40

1.62%

Atul Auto (1QFY18): Gearing up. Maintain BUY

Buy: Atul Auto Ltd.

HDFC Securities

We value AAL at Rs 528 (17x FY19E earnings). Maintain BUY. Atul Autos (AAL) 1Q EBITDA at Rs 121mn (+46% YoY, +17% QoQ) was in line with estimates. EBITDA margin expanded to 10.4% (+148bps YoY, 49bps QoQ). Net revenue at Rs 1.16bn (+25% YoY, 12% QoQ) was led by 18% increase in volumes and 6% net ASP. APAT came in at Rs 78mn (+62% YoY, +26% QoQ).

Atul Auto Ltd. is trading below all available SMAs

Atul Auto Ltd.

12 Jun 2017

454.40

1.62%

Atul Auto Ltd: Soft Performance Reported in FY17; Launch of ... (Jun 12, 2017)

Hold: Atul Auto Ltd.

Recommendation Target

Karvy

Soft Performance Reported in FY17; Launch of Electric 3Ws to Support the Growth Agenda: Revenue from operations for Atul Auto Ltd for Q4FY17 have declined to Rs. 1041 Mn Vs Rs. 1348 Mn in Q3FY17, marking a decline of 22.8% QoQ. The company was able to sell 8,385 vehicles in Q4FY17 compared to 10,521 vehicles in Q4FY16. PAT margin for the debt free, cash rich company for FY17 was recorded at 7.8% marking a drop of 109bps YoY.

Atul Auto Ltd. has lost -40.71% in the last 1 Year

Atul Auto Ltd.

16 May 2017

454.40

1.62%

Atul Auto (4QFY17): Rural uptick holds the key. Maintain BUY

Buy: Atul Auto Ltd.

Target

HDFC Securities

ATUL Autos (AAL) 4Q EBITDA at Rs 103mn (-41% YoY, -45% QoQ), was in line with estimates. The EBITDA margin dropped 347bps to 9.9%. Net revenue at Rs 1.04bn (-20% YoY, -23% QoQ) was led by a 20% drop in volumes.

Atul Auto Ltd. is trading below all available SMAs

Is Atul Auto Ltd. worth buying?

164 Votes:

Buy 78.05%

Sell 9.15%

Hold 12.8%