Please refer to important disclosures at the end of this report
1
Atul is a member of Lalbhai Group, one of the oldest business houses of India,
with interests mainly in textiles and chemicals. Atul has registered a surge o
f
31.88% in its net profit at `80.54cr for the quarter under review as compared to
`61.07cr for the same quarter in the previous year. Total income of the compan
y
increased by 7.24% at `680.67cr for Q1FY17 as compared `634.74cr for the
corresponding quarter previous year. Over the last five year company has grown
its PAT 26% CAGR. The volume growth seems to continue with the recent projects
been completed and few other ongoing projects on its way, will also be
increasing its revenue. Atul Ltd in last 10 years never miss any dividend and
continues to report strong (15%+) RoE. Hence Buy.
BUY
CMP `2,179
Stock Info
Sector
Beta 0.8
Bloomberg Code ATLP IN
Shareholding Pattern (%)
Promoters 51.0
MF / Banks / Indian Fls 12.6
FII / NRIs / OCBs 8.1
Indian Public / Others 28.4
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Atul 16.8 65.0 636.6
Chemicals
Market Cap (
`
cr) 6,462
52 Week High / Low 2299/1263
Avg. Daily Volume 9,037
Face Value (
`
)10
BSE Sensex 28,532
Nifty 8,810
Reuters Code ATLP.BO
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
A
tul
Others | Chemicals
September 6, 2016
Atul | Chemicals
September 6, 2016
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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