NSE/ATUL

ATULAtul Ltd

Chemicals · NSE

₹6,600+0.02%

52-wk low52-WEEK RANGE52-wk high

₹5,196.6+27.0% from low ·-14.2% from high₹7,696

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

ATUL+27.01% · 1Y

Range high ₹7,788Range low ₹5,101Latest ₹6,600252 bars · daily-close · NSE bhavcopy + 10Y history

ChemicalsSpecialty ChemicalsMidcapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

Medium

Middle-of-the-pack performance.

· 52w return +10.5%
· Just above 200-DMA (+5.3%)

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 32.6 close to sector median 38.2
· P/B 3.27 below sector median 4.34

Growth

Medium

Steady but not standout growth.

· Revenue YoY +18.1%
· Profit YoY +49.8% — strong earnings growth

Profitability

Medium

Average profitability vs peers.

· ROE 10.1% — weak returns on equity

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(69/100)

Durability

79/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score6/9 (67pt)
Altman Z" score6.49 (100pt)
Debt/Equity0.03 (100pt)
ROE10.1% (40pt)

Valuation

61/100

Fairly priced — not a bargain, not stretched.

Show 4 drivers

P/E vs sector (32.6 / 38.2)85% (80pt)
P/B3.27 (70pt)
Dividend yield0.38% (10pt)
EV/EBITDA18.0 (40pt)

Momentum

68/100

Constructive setup — momentum building, not extended.

Show 5 drivers

52w change+10.5% (58pt)
DMA-trend alignmentup (75pt)
RSI (14)59.6 (95pt)
Price vs 200-DMA+4.5% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)32.55

FAIR

CheapestP/E 32.6 near sector median.Most expensive

P/B3.27

FAIR

CheapestP/B 3.27 at 38th %ile of sector.Most expensive

EV/EBITDA18.01

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +5.13% · Worst: Feb -1.40%

Jan

+0.3%

50% win

Feb

-1.4%

30% win

Mar

+0.9%

50% win

Apr

+5.1%

70% win

May

+0.9%

50% win

Jun

+2.5%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+1.39%

Median

+0.83%

Std dev

7.86%

Best

+23.0%

Worst

-22.5%

% positive

53%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Lean balance sheet (D/E 0.03)
Low leverage means earnings are less sensitive to rate cycles
Bankruptcy risk low (Altman Z″ 6.49)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+0.0%

+2.3%

+2.1%

+6.9%

+6.7%

+27.3%

-2.1%

-0.4%

10Y

+14.3%

Fundamentals

VALUATION

Market cap

₹19,356 Cr

P/E (TTM)

32.6

P/E (fwd)

26.2

next 12m

P/B

3.27

EV/EBITDA

18.0

Book value

₹2009.92

per share

PROFITABILITY · QUALITY

ROE

10.1%

ROCE

—

Net margin

8.7%

Op margin

10.6%

Gross margin

34.8%

D/E

0.03

GROWTH · MARKET

Rev YoY

+18.1%

Profit YoY

+49.8%

Div yield

0.38%

Payout

12.4%

52w change

+10.5%

Beta

0.18

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 3

+Forward P/E materially below trailing (26.2x vs 32.6x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Profit growing fast (+49.8% YoY)Operating leverage kicking in — bottom line out-growing top line
+Nearly debt-free (D/E 0.03)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Chemicals · 13 peers

P/E (TTM)

This stock

32.55

Sector median

38.18

Rank 5/13 (69th %ile)

ROE

This stock

10.1%

Sector median

13.4%

Rank 8/13 (46th %ile)

P/B

This stock

3.27

Sector median

4.34

Rank 5/13 (69th %ile)

Quality score · Piotroski F-score

6 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE6.49

Z″ = 6.49 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.217	×6.56	1.427
Retained Earnings / Total Assets (B)	0.657	×3.26	2.141
EBIT / Total Assets (C)	0.129	×6.72	0.869
Book Equity / Total Liabilities (D)	1.957	×1.05	2.055

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

10 analysts · BUY

Target mean

₹7248.70

Target high

₹8500.00

Target low

₹5730.00

Upside vs today

+10.3%

Street consensus target is +10.3% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Specialty Chemicals

Employees

3,365

Shares out

2.9

Revenue (TTM)

₹6,055 Cr

EBITDA

₹1,024 Cr

Total debt

₹188 Cr

Cash

₹1,241 Cr

Net debt

₹-1,053 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	1,393	1,417	1,378	1,478	1,574
Operating profit	165	143	148	153	167
OPM %	11.9%	10.1%	10.7%	10.4%	10.6%
Interest	9	4

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	5,024	5,366	4,668	5,510
Operating profit	738	615	398	602
OPM %	14.7%	11.4%	8.5%	10.9%
Interest	8	8	11	24
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
ATULTHIS Atul Limited	₹6,600	+10.5%	19,356	32.6	3.27	10.1%	0.03	+18.1%
PIDILITIND Pidilite Industries Limited	₹1,393.4	-53.9%	1,41,522	62.0	14.82	23.9%	0.04	+10.1%
SRF SRF Limited	₹2,494.5	-17.7%	73,067	41.0	5.51	13.4%	0.35	+6.3%
COROMANDEL Coromandel International Limited	₹2,050.2	-6.7%	60,568	25.3	4.97	19.6%	0.12	+9.2%
PIIND PI Industries Limited	₹3,139.7	-14.8%	47,028	32.4	4.34	—	0.02	+4.1%
NAVINFLUOR Navin Fluorine International Limited	₹6,284	+49.1%	32,747	59.0	9.05	—	0.33	+13.8%
DEEPAKNTR Deepak Nitrite Limited	₹1,538.1	-23.8%	20,767	39.0	3.76	9.7%	0.22	+204.0%
AARTIIND Aarti Industries Limited	₹440.85	+4.6%	16,067	42.6	2.82	6.6%	0.70	+14.1%
FINEORG Fine Organic Industries Limited	₹4,907.5	+13.9%	14,852	37.4	6.00	16.0%	0.01	+13.0%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	55.65	54.60	-1.9%
-2q	48.70	58.53	+20.2%
-3q	47.05	43.40	-7.8%
-4q	43.17	42.97	-0.5%

Date	Amount
2025-07-11	₹25.00
2024-07-12	₹20.00
2023-07-14	₹25.00
2022-11-02	₹7.50
2022-07-14	₹25.00
2021-07-15	₹20.00
2020-03-18	₹15.00
2019-11-04	₹12.50
2019-07-11	₹15.00
2018-07-12	₹12.00
2017-07-13	₹10.00
2016-07-14	₹10.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	30	30	29	29
Reserves	3,747	4,153	4,340	4,765
Borrowings	144	52	237	202
Other liabilities	4	3	1	1
Total liabilities	5,706	5,768	6,476	7,001
Fixed assets	2,083	2,771	3,024	2,921
CWIP	507	1,057	287	129
Investments	761	649	916	900
Other assets	47	119	125	93
Total assets	5,706	5,768	6,476	7,001

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	231	707	451	692
CF Investing	-168	-469	-683	-495
CF Financing	-57	-257	38	-118
Net cash flow	11	-20	22	-9
Free cash flow	-359	-168	451	692

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	10.9%	8.5%	11.4%	14.7%
Net margin %	8.8%	6.9%	9.6%	12.0%
ROE %	10.6%	7.6%	12.9%	16.0%
ROCE %	14.9%	10.4%	17.1%	20.9%
Debt / Equity	0.04	0.05	0.01	0.04
Interest coverage	30.4×	42.7×	90.7×	99.6×
Revenue growth YoY	+18.0%	-13.0%	+6.8%	—
Profit growth YoY	+49.8%	-37.2%	-14.9%	—

ATULAtul Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Chemicals

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Recent news

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Chemicals