Arthneeti

Atul Auto Q2 FY27 Share Price & Earnings Call Analysis

₹406.35-3.18% today
Market cap
₹1,127 Cr
P/E
23.35
ROE
9.30%
PEG
0.18
Price to sales
1.26
Debt to equity
0.30
52W high / low
₹581 / ₹382
Sales growth (5Y)
22.74%
EBITDA margin
10.22%
Net profit margin
5.33%
Promoter holding
42.70%
Sales (last year)
₹890 Cr

Incorporated in 1986, Atul Auto Ltd manufactures and exports Auto rickshaws[1]

Guidance scorecard · Q2 FY27 call

What Atul Auto Ltd's management guided
and where it ranks in Agricultural, Commercial & Construction Vehicles

Revenue10–20%MarginsWhat management saidCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY18 call

10–20%
  • Expect to regain growth momentum in next 1.5 years, driven by alternative fuel and electric three-wheelers.
  • Export contribution targeted to rise to about 10%-20% of revenue within 2 years.
  • Domestic demand improving, with positive signs in Q2 and expectation of better overall growth in next fiscal.
  • Current monthly sales remain above 3200-3400 vehicles; targeting double-digit growth for the fiscal year.
  • Expansion plans include increasing dealer network from 200 to 220-225 primary dealers, deeper market penetration in over 600 districts.
  • Focus on export market expansion aiming presence in nearly all 33 countries consuming three-wheelers within five years.
  • Developing new/improved electric three-wheelers to be introduced in next 1-2 years.

2 more points from Atul Auto Ltd's call on revenue

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Full Q2 FY18 analysis

MarginsQ2 FY18 call

See what Atul Auto Ltd said on margins — free account, 30 seconds.

Full Q2 FY18 analysis

CapexQ2 FY18 call

Planned
  • Current capex for FY2018 and FY2019 is expected to be mostly for regular maintenance and will be less than Rs. 8-10 Crores.
  • Greenfield expansion plans at Ahmedabad are on hold until existing facility utilization reaches approximately 75-80%.
  • Major preparatory work for expansion at Ahmedabad is completed: government approvals secured, land leveling done, and R&D building started.
  • Commercial production at Ahmedabad will be decided once better utilization visibility at the existing location is achieved.
  • Certain amount of R&D expenditure is being incurred for electric three-wheelers, focusing on product development and manufacturing facility setup.

2 more points from Atul Auto Ltd's call on capex

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Full Q2 FY18 analysis

FundraisingQ2 FY18 call

See what Atul Auto Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY18 analysis

Order bookQ2 FY18 call

  • The company is controlling dealer inventories to ensure better future sales performance.
  • Positive response reported for electric three-wheelers with expectations of good volumes in next 6-12 months.
  • Expansion plans exist for dealer network from 200 to around 220-225 primary dealers with more sub-dealers expected.
  • Export markets are expected to contribute about 10% to overall revenue, with plans to increase presence in 33 countries over the next 5 years.

2 more points from Atul Auto Ltd's call on the order book

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Full Q2 FY18 analysis
Full Agricultural, Commercial & Construction Vehicles ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Agricultural, Commercial & Construction Vehicles
on management's own guidance

  1. BEML LtdGood growth
    2
  2. TILGood growth
    1
  3. Indo Farm Equip.Good growth
    3
See all potential multibaggersWhere does Atul Auto Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Agricultural, Commercial & Construction Vehicles companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1TIL20–40%Up 2%+₹1,894 Cr—
2BEML Ltd20–40%Flat₹16,396 Cr91.9
3Indo Farm Equip.20–40%Flat₹630 Cr25.3
420–40%Flat₹38 Cr6.2
510–20%Flat₹1.55L Cr20.9
610–20%Flat₹87,468 Cr23.5

Sign up free to see every company in the sector ranking and track Atul Auto Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Agricultural, Commercial & Construction Vehicles ranking

Financials of Atul Auto Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Atul Auto Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +42.74%42.74%42.74%42.74%42.74%42.74%42.74%42.70%42.70%42.70%42.70%42.70%
FIIs +0.49%0.48%0.59%0.58%0.63%0.69%0.37%0.01%0.38%0.84%0.53%0.59%
DIIs +0.41%0.41%0.41%0.31%0.13%0.13%0.13%0.10%0.10%0.10%0.07%0.07%
Public +56.39%56.39%56.28%56.39%56.52%56.44%56.76%57.19%56.83%56.37%56.71%56.65%
No. of Shareholders49,41449,81549,22857,80358,64959,88260,50463,28961,38259,04659,89057,961

Financials of Atul Auto Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +153.17154.33160.14135.21181.65194.99211.14152.78200.17230.86240.58218.43268.31
Expenses +135.97140.62146.83127.66168.67178.33196.03142.77181.66202.59213.27201.56254.35
Operating Profit17.2013.7113.317.5512.9816.6615.1110.0118.5128.2727.3116.8713.96
OPM %11.23%8.88%8.31%5.58%7.15%8.54%7.16%6.55%9.25%12.25%11.35%7.72%5.20%
Other Income +0.140.740.790.640.530.710.640.280.38-0.840.951.301.89
Interest2.963.203.212.342.442.862.542.492.642.721.442.732.05
Depreciation4.574.574.434.504.534.534.464.554.654.694.594.674.81
Profit before tax9.816.686.461.356.549.988.753.2511.6020.0222.2310.778.99
Tax %27.32%33.08%24.46%43.70%30.12%28.66%32.69%36.62%28.71%27.17%17.59%25.35%23.92%
Net Profit +7.134.474.880.764.577.125.892.068.2714.5818.328.046.84
EPS in Rs2.741.831.920.481.952.792.581.063.305.535.332.862.41

Financials of Atul Auto Ltd

Profit & Loss

Annual income statement trend

Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +80531475556667625296315513527723824958
Expenses +82455416483585554304332477487670740872
Operating Profit-17660738171-8-163640528486
OPM %-1.8%14%13%13%12%11%-2.6%-5%7%8%7%10%9%
Other Income +16123732122213
Interest9110111816131099
Depreciation3555667101618181819
Profit before tax37256698267-13-33611275762
Tax %53%34%34%33%35%22%-22%-23%46%34%31%24%
Net Profit +14737485554-8-2537184348
EPS in Rs21.6016.7321.8225.0924.43-3.73-11.371.683.247.7915.2316.13
Dividend Payout %45%25%25%24%16%6%0%0%0%0%0%20%

Financials of Atul Auto Ltd

Balance Sheet

Capital structure and asset base

Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital6111111111111111214141414
Reserves28142173210251297289266336406427470476
Borrowings +870000116188171144110145109
Other Liabilities +27676180957272819091120135201
Total Liabilities147221245301357380388545609655671763800
Fixed Assets +34858787949390199258250246237233
CWIP10335371171506010137
Investments0023602618310172305732
Other Assets +103133131149200152117285332382424467527
Total Assets147221245301357380388545609655671763800

Financials of Atul Auto Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1117126355752-169-18-102540
Cash from Investing Activity +-10-10-29-39-28-58-604-24-149-66
Cash from Financing Activity +9-14-14-11-15-7141643940-3733
Net Cash Flow0-1328-24-7-86-1-216-37
Free Cash Flow-916319-25-171-179-25-19929
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-223%47%152%68%77%107%-684%1,006%-43%-21%67%66%

Financials of Atul Auto Ltd

Ratios

Working capital efficiency and return ratios

Mar 2008Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days185236515546292319332730
Inventory Days11333384242788066766258
Days Payable4234384543716347404750
Cash Conversion Cycle895137485446363938694238
Working Capital Days3963724354037111510415119
ROCE %9%32%34%34%24%-4%-6%4%4%6%11%

Guidance history

How Atul Auto Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY18 call →10–20%—Planned——
Q1 FY18 call →10–20%FlatPlanned——
Q4 FY17 call →10–20%Up 0–2%None planned——
Q3 FY17 call →0–10%Flat———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

16out of 100

Momentum score · price trend

16 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−16.0%43%
Last 6 months−16.8%27%
Last 3 months−21.2%19%

The price is 48% below its all-time high of ₹781.35 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 32 became 16.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Atul Auto Ltd: 0.4 × 43 + 0.4 × 27 + 0.2 × 19 = 32, halved to 16 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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