A

Atul Ltd.

ATULNSE
Market snapshot · 2026-08-11 08:55 UTC

6,836.00

₹-18.00 (-0.26%)

MARKET CAP

₹20.13K Cr

STOCK P/E

25.3x

52W HIGH

₹7,180.00

52W LOW

₹5,560.50

BOOK VALUE

₹2,113.31

EPS

₹270.28

ROE

SECTOR

Materials

DEBT/EQUITY

2.91

VOLUME

41,600

P/B RATIO

3.23x

PEG RATIO

0.27

Sector

Materials

Themes

Diversified ChemicalsShivani Tejas Trivedi PortfolioLife Insurance Corporation of India PortfolioTop 20 Investors in India Portfolio
D
Dividend
E
Earnings
₹7,065.16₹6,714.64₹6,364.12₹6,013.60₹5,663.08VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Atul Ltd is a diversified chemicals manufacturer serving global markets through Life Science Chemicals and Performance and Other Chemicals. Aromatics and bulk chemicals, including intermediates, caustic soda, and chlorosulphonic acid, drive revenue across these segments. Revenue grew 12.6% year-on-year, while profit increased 40.1%, indicating operating leverage despite declining margins. Recent company updates offer no clearly attributable catalyst for segment-level margin expansion. Profit growth currently exceeds revenue growth, but declining margins raise questions about earnings quality and sustainability. ROE is unavailable, while debt-to-equity of 2.91 means leverage materially influences potential shareholder returns. At 25.1 times earnings, the stock appears fairly valued rather than discounted, broadly consistent with its stated valuation assessment. Positive sentiment is tempered by leverage, margin compression, and the need for clearer evidence that growth can continue without further balance-sheet pressure.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ATUL.

11.00 analysts

Price Forecast

Current
₹6,836
High Target
₹9,111
▲ +33.3%
Median Target
₹8,120
▲ +18.8%
Low Target
₹5,870
▼ -14.1%
Now₹6,836High ₹9,111Median ₹8,120Low ₹5,870Aug '25Now12M Target
Price history (1Y)
Analyst target range
11 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹5,913 - ₹8,18580%
6M₹5,625 - ₹8,91080%
12M₹5,296 - ₹10,14980%
Realized vol: +25.4% · Drift: +10.2%

Revenue Forecast

₹ Cr
Jun '26Current₹1,589.0
Sep 2026 ETrend estimate range
High₹1,735.0Base₹1,606.5Low₹1,477.9
Sep '25: ₹1,410.0 · Dec '25: ₹1,352.0 · Mar '26: ₹1,498.0 · Jun '26: ₹1,589.0 · Sep '26: ₹1,606.5 · Dec '26: ₹1,540.4
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,410.01,352.01,498.01,589.01,606.51,540.4
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹68.28
Sep 2026 ETrend estimate range
High₹98.33Base₹87.80Low₹77.26
Sep '25: ₹58.53 · Dec '25: ₹41.15 · Mar '26: ₹69.23 · Jun '26: ₹68.28 · Sep '26: ₹87.80 · Dec '26: ₹61.72
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E58.5341.1569.2368.2887.8061.72
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
73%
Analyst Consensus
Weakening

From 11 analysts

Mean upside+14.9%

Fundamentals

Strong

Fundamentals institutional score is 94 using growth durability 94.2.

Valuation

Attractive relative to peers

Valuation institutional score is 76 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 63 using mean target upside 14.9%; dispersion penalty 16.5; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 76 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Sentiment weakening

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Sentiment weakening

Key Data Points

Mean Target Price7,856.4 target
Mean Upside+14.9%
Technical Score76%
Fundamental Score94%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 4.7% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.45). Confidence: 91%.

Live forward EPS implies next-12-month EPS of ₹308.87. Applying the stock's normalized valuation corridor produces a fair range of ₹6,940.31 to ₹7,937.96, with base value near ₹7,459.21 (+9.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹308.87

Forward P/E

22.1x

Base Fair Value

₹7,459.21

Fair Range

₹6,940.31 - ₹7,937.96

Upside To Base

+9.1%

Estimate Source

Live forward EPS

Growth Estimate

+92.0%

P/E
Fair

5Y Average

26.61

Current

25.29

Overvalued

25.70

Undervalued

22.47

EV/EBITDA
Strongly Undervalued

5Y Average

16.42

Current

15.61

Overvalued

18.09

Undervalued

14.51

P/B
Undervalued

5Y Average

3.31

Current

3.23

Overvalued

3.81

Undervalued

2.82

Peers & Comparison

Sector: Materials · Theme: Diversified Chemicals

Diversified Chemicals Peers8 peers
Avg P/E: 115.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
AARTI INDUSTRIES LTD
AARTIINDSpecialty Chemicals
+42.5%5.9%
34.6x
Undervalued
-70% vs avg
+35.0%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
30.3x
Undervalued
-74% vs avg
-5.0%
DABUR INDIA LTD
DABURFMCG - Personal Products
+10.6%14.6%
36.7x
Undervalued
-68% vs avg
-17.6%
COFORGE LIMITED
COFORGEIT Services & Consulting
+49.9%9.6%
36.6x
Undervalued
-68% vs avg
+12.2%
BHARAT FORGE LTD
BHARATFORGIron & Steel
+17.5%6.4%
97.6x
Undervalued
-16% vs avg
+81.6%
SRF LTD
SRFDiversified Chemicals
+31.8%12.7%
35.8x
Undervalued
-69% vs avg
-8.3%
PI INDUSTRIES LTD
PIINDDiversified Chemicals
-12.4%19.7%
31.6x
Undervalued
-73% vs avg
-27.7%
-40.2%0.2%
624.1x
Premium
+438% vs avg
-5.7%
WHY THESE PEERS

ATUL LTD trades at a discount (25.3x vs peer avg 115.9x), suggesting potential undervaluation relative to the Diversified Chemicals cohort. Peers include AARTI INDUSTRIES LTD, DR. REDDY S LABORATORIES, DABUR INDIA LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.59K CrJun 2026

Latest net profit

₹201 CrJun 2026

Latest EPS

₹68.28Jun 2026

Net margin

19.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr₹0₹20₹40₹60₹80
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.50K Cr0.00 Cr2.50K Cr5.00K Cr7.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,0301,1101,1061,1121,2081,2791,2741,3151,3051,4101,3521,4981,589
Expenses +8839709579851,0221,0851,1111,1471,1431,1901,1791,2711,292
Operating Profit147139149126185194163168162219172227296
OPM %14%13%13%11%15%15%13%13%12%16%13%15%19%
Other Income +27424421143925552959367526
Interest1101140211111
Depreciation43444750515255555655535252
Profit before tax13113714696148178132165135222155249270
Tax %26%25%25%22%26%28%30%24%27%22%22%18%26%
Net Profit +97103110751091299312698172121204201
EPS in Rs32.7235.0137.1925.4437.0843.7331.4742.6933.2058.5341.1569.2368.28
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +45.18%45.21%45.22%45.22%45.33%
FIIs +8.77%8.31%7.45%7.50%7.44%
DIIs +24.97%24.95%25.41%25.89%25.93%
Government +0.01%0.01%
Public +21.05%21.51%21.92%21.37%21.30%
Others0.02%0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Aug 06, 2026PDFCompany Reports Open

49Th Annual General Meeting Video Proceedings, Presentation And Speech

Aug 05, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Jul 31, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Jul 31, 2026PDFCompany Reports Open