TickerSutra

NSE: ATULAUTO · BSE: 531795 · ISIN INE951D01028

Atul Auto Limited stock analysis

Atul Auto Limited ranks #1867 in the TickerSutra evidence-ranked universe with a score of 50/100 and 95% data confidence. The latest captured fundamentals show ROCE of 11.3%, quarterly sales growth of 43.0% and quarterly profit growth of 168.8%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE50/100

Monitor only

#1867 of 5,430 ranked equities
Market capitalisation₹1,273.51cr
ROCE11.3%
Quarterly sales growth43.0%
Quarterly profit growth168.8%
P/E ratio26.4×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.3×
  • 17.1% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹315cr₹-16cr₹-25cr-5.0%
2023₹513cr₹36cr₹3cr7.0%
2024₹527cr₹40cr₹7cr8.0%
2025₹723cr₹52cr₹18cr7.0%
2026₹824cr₹84cr₹43cr10.0%
TTM₹890cr₹91cr₹49cr10.0%
Debt / equity0.30×
CFO / EBITDA0.48×
Operating margin10.0%
Free cash flow₹29cr
Sales CAGR · 3Y17.1%
Profit CAGR · 3Y142.9%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts4 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Export growthHigh severity · 2 mentions
Positive catalyst

In a significant step towards strengthening our international presence, ATUL Auto entered into a strategic partnership with Softlogic Holdings PLC, one of Sri Lanka's leading diversified conglomerates, to introduce a new range of passenger and cargo three-wheelers in the Sri Lankan market. This collaboration marks an important milestone in our export growth strategy, enabling us to serve a market with increasing dema

Operating leverageHigh severity · 1 mention
Positive catalyst

The PAT margin on a standalone basis improved to 6.87% from 5.10%, underlining the Company’s continued focus on profitable, sustainable growth. Particulars 2025-26 2024-25 DETAILS OF SIGNIFICANT CHANGES Debtors Turnover (Days) 33 29 Inventory Turnover (Days) 35 33 Interest Coverage Ratio (Times) 136.30 94.32 Company has prepaid the term debt, which has resulted into increase in interest coverage ratio Debt Equity Rat

Niche productsHigh severity · 1 mention
Positive catalyst

• State-level incentives including 15– 25% capital subsidies, preferential land allotment, stamp duty waivers, and SGST reimbursement of up to 100% are meaningfully lowering investor costs and improving project viability. • States such as Tamil Nadu, Maharashtra, Karnataka, Gujarat, Haryana, and Uttar Pradesh have emerged as major EV manufacturing hubs, anchoring robust and increasingly specialized production ecosyst

Export market updatesHigh severity · 14 mentions
Constructive

This segment-wise growth illustrates Atul Auto’s balanced performance across product categories, geographies, and business verticals. Operational Performance Segmental Performance The Company delivered a strong all-round performance in FY25-26, marked by robust sales growth, healthier profit margins and a wider dealer network across domestic and export markets. The marketing team played a key role in capturing new op

Regulatory updatesModerate severity · 16 mentions
Watch

To the rider in rural Gujarat who depends on his Atul Shakti for his livelihood; To the last-mile delivery operator in urban Gujarat who- moves small businesses forward; To the family in a tier-3 town that sees a three-wheeler as not just a vehicle, but a pathway to economic independence. Our expanded Global Footprint across Sri Lanka, Afghanistan, Haiti, Angola, Zimbabwe and Gambia reinforces the versatility of our

Regulatory approvalLow severity · 10 mentions
Watch

The Company complies with the policy on related party transactions while identification and monitoring it. All transactions with related parties were reviewed and approved by the Audit Committee and are in accordance with the Policy on Related Party Transactions formulated by the Company. There are no materially significant related party transactions that may have potential conflict with interest of the Company at la

Market share gainLow severity · 1 mention
Positive catalyst

Every loan KAFL extends is a livelihood enabled, a dream financed, a family uplifted. 03 · Market Leadership- Complete Fuel Platform Coverage Atul Auto is today the only player in India’s three-wheeler segment offering a complete range across all fuel types: Diesel, Petrol, CNG, LPG and Electric. This is a deliberate architecture built to serve the diverse geography, income profile and infrastructure reality of India

Capacity commissioningLow severity · 1 mention
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1.4 I ntangible Assets (a) P roduct Development Cost P roduct Development Cost incurred on new vehicles platforms, variants on existing platforms and new vehicles aggregates are recognized as intangible assets and are included under Intangible Assets. These amounts are amortized over sixty months from the commencement of commercial production. (b) S AP Implementation Charges E xpenses incurred for implementation of S

Institutional interestLow severity · 1 mention
Watch

Website and News Releases A separate section under “INVESTOR RELATIONS” on the Company’s website www.atulauto.co.in gives information on various announcements made by the Company, status of unclaimed dividend/ share, Annual Report, Quarterly, Half- yearly and Annual fina ncial results along with the applicable policies of the Company. The Company’s o fficial news releases and presentations made to the institutional i

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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