Atul Ltd


BSE: 500027 | NSE: ATUL | ISIN: INE100A01010 
Market Cap: [Rs.Cr.] 1,556 | Face Value: [Rs.] 10
Industry: Dyes And Pigments

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Company Profile

Atul Ltd. a Lalbhai Group company, was formerly known as Atul Products. It was promoted by Kasturbhai Lalbhai in 1947 and engaged in the business of manufacturing dyes and dye intermediates, agro-chemicals, aromatic like para-Anisaldehyde, epoxy resins and pharma intermediates. Gujarat Aromatics was merged with Atul in 1988-89, And Atul promoted two manufacturing companies, namely Atic Industries in 1956, and Cibatul in 1960. Atic Industries which was promoted in collaboration with ICI, UK manufactures Vat and other active dyes and Sulphuric acid. While the Cibatul which was promoted in collaboration with Ciba-Geigy, manufactures sulphur drug intermediates, resins and auxiliaries. In 1985, the company transferred its investments in Atic and Cibatul to a wholly-owned subsidiary, Ameer Trading Corporation and later in 1995-96 this Atic Industries was integrated with Atul. In 1986, the company took over the management of Piramal Rasayan through its 100% subsidiary and subsequently changed the name of the company to Amal Rasayan. Atul has also promoted Gujarat Synthwood to manufacture PVC Foam Sheets. Atuls other two fully owned subsidiaries apart from Ameer Trading are Anusandan Investments and Sharik Investment Pvt Ltd. In 1995, the company commissioned para-cresidine and para anisicaldehyde manufacturing plants. In 1995-96, the company was implementing a project to manufacture non-benzidine dyestuffs with a capacity of 1700 tpa and the company has commissioned the project for manufacture of para cresol in 1997-98. In 1996-97, the company issued 50,000 14% cumulative reedeemable preference shares of Rs 100/- each amounting to Rs 50 lacs. During the same year the agro chemicals and pharmaceuticals division obtained ISO 9002 certification for phenoxy and urea herbicides from TUV Bayern of Germany. In 2000-01, the company has initiated the plan of installation of third fluidisied boiler inorder to become self reliant in captive power generation.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Atul 1,555.96 10.71 2.39 4.54 22.8 23.3 0.62
Sudarshan Chem. 395.13 13.69 1.71 7.33 9.3 10.0 1.52
Bodal Chemicals 367.67 6.43 9.60 16.30 0.0 0.0 6.00
Kiri Indus. 279.40 0.00 1.45 0.00 0.0 0.0 2.15
Ultramarine Pig. 168.19 14.58 1.95 7.29 14.4 19.9 0.09
Asahi Songwon 111.66 8.68 0.93 5.57 8.8 11.3 0.50
AksharChem (I) 68.14 3.30 4.02 4.37 24.9 17.0 0.92
Dynemic Products 39.43 4.05 0.97 3.85 11.0 13.5 0.55
Abir Chemicals 37.40 0.00 1.80 0.00 134.5 35.3 4.43
Garodia Chemical 33.19 0.00 -3.31 0.00 0.0 0.0 0.00
Chromatic India 31.62 0.00 0.10 117.71 0.1 0.4 0.03
Bhageria Dye-Che 31.12 5.84 1.35 6.26 5.5 9.9 0.43
Polson 30.29 6.33 0.88 3.91 13.8 15.4 1.69
Indian Toners 24.58 6.48 0.56 2.26 6.1 10.0 0.01
Jaysynth Dyestuf 24.36 2.58 0.54 1.49 16.8 25.0 0.00

Futures & Options Quote

 
Expiry Date
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Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

S S Lalbhai , Chairman & Managing Director  

G S Patel , Director  

S S Baijal , Director  

B S Mehta , Director  


Company Head Office / Quarters:
Ashoka Chambers Rasala Marg,
Mithakhali Cross Ellisbridge,
Ahmedabad,
Gujarat-380006
Phone : 91-79-449294/6423706/6427520/449294
Fax : 91-79-404111
E-mail :
sec@atul.co.in
ahd@atul.co.in
Web : http://www.atul.co.in
Registrars:
Sharepro Services India Pvt Lt
Devnandan Mega Mall
Office No 416-420
4th Floor Ashram Rd
Ahmedabad-380006

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