Atul Ltd.
Snapshot View

9109.85 +30.25 ▲0.3%

05 August 2021, 04:00:00 P.M.
Volume: 20,336

Overview View Details

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Industry Chemicals Compare with Industry peers
Website http://www.atul.co.in
Financial Indicators
Market Cap 26,935.76 Cr.
Earnings per share (EPS) 237.91 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 38.27 Trailing Twelve Months Ending 2021-06
Industry PE 46.88 Trailing Twelve Months Ending 2021-06
Book Value / Share 1,348.46 Trailing Twelve Months Ending 2021-06
Price to Book Value 6.75 Calculated using Price: 9,103.90
Dividend Yield 0.22 Period Ending 2021-03
No. of Shares Subscribed 2.96 Cr. 29,587,051 Shares
FaceValue 10
Company Profile

Incorporated in 1947, Atul Ltd, formerly Atul Products Ltd was founded by Kasturbhai Lalbhai with a dream to make India self reliant in chemicals, generate employment on a large-scale and create wealth for the society. For translating his dream into reality, Kasturbhai Lalbhai brought his confidant, Ballubhai Muzumdar, an economist- and his son, Siddharth Kasturbhai Lalbhai, a chemical engineer, to lead Atul Ltd and establish a large chemical conglomerate.

It is  one of the largest integrated chemical companies of India and are a diversified Indian company (a part of Lalbhai Group, one of the oldest business houses of India with a legacy of conducting business with a larger purpose) meeting the needs of varied industries such as Adhesive, Agriculture, Animal Feed, Automobile, Composite, Construction, Cosmetic, Defence, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Plastic, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre and Wind Energy across the world. The company manages complex chemical processes in a responsible way.

In order to enhance focus, the company has placed the products belonging to the 2 reporting Segments, namely Life Science Chemicals and Performance and Other Chemicals, under 7 Sub-segments (interchangeably called Businesses), namely Aromatics, Bulk Chemicals and Intermediates, Colors, Crop Protection, Floras, Pharmaceuticals and Polymers - these in turn are managed through a matrix organisation structure for achieving all-round functional excellence.

Business area of the company

Atul is one of the largest integrated chemical companies of India. The company has one of the biggest integrated chemical complexes in India with a well-diversified product portfolio of around products and formulations. It has manufacturing facilities located at Ankleshwar and Valsad in Gujarat & Tarapur in Maharashtra.

Awards and recognitions

  • 2016: Certificate of merit for ‘greening the deserts’ project by Flame Awards Asia 2016
  • 2016: Innovative Supplier of the Year Award by Hindustan Zinc Ltd
  • 2016: Best Induction Program Award at Chief Learning Officer Summit 2016
  • 2017: Finalist at Outstanding Young Managers Competition 2016-17 at Baroda Management Association
  • 2018: IDC Insights Award 2018
  • 2018: Rashtra Vibhushan Award 2018
  • 2018: Excellence in Cost Management Award 2018
  • 2019: The Company was awarded ‘Green Gujarat Award 2019’ for its Ankleshwar site

History and Milestones

1947-1951

  • Incorporated by Mr Kasturbhai Lalbhai as the first private sector company of independent India to be inaugurated by its first Prime Minister.
  • Established a joint venture (JV) with American Cyanamid Company of the USA, Cyanamid India Ltd, to produce crop protection chemicals and pharmaceuticals.

1952-1971

  • Inaugurated by Prime Minister Jawaharlal Nehru on March 17, 1952.
  • Commenced the manufacture of dyes (including Vat dyes) for the first time in India.
  • Established Kalyani Shala, a school for children residing in and around Atul, with Gujarati as the medium of instruction.
  • Established a JV with Imperial Chemical Industries (ICI) plc of the UK, Atic Industries Ltd (Atic), to produce textile dyestuffs.
  • Established a JV with Ciba-Geigy Ltd (Ciba-Geigy) of Switzerland, Cibatul Ltd (Cibatul), to produce epoxy resins and curing agents.
  • Set up a JV with American Cyanamid (65%) to manufacture crop care chemicals.
  • Commenced the manufacture of Phosgene for the first time in India.
  • Held 2 Ranji Trophy cricket matches at the cricket ground in Atul.

1972-1991

  • Commenced the manufacture of Carbamite and 2,4-D Acid for the first time in India.
  • Set-up Atul Rural Development Fund to formalise programs undertaken since inception related to serving society.
  • Constructed a central effluent treatment plant.
  • Acquired loss-making Gujarat Aromatics Ltd through a reverse merger and got its second production site in Ankleshwar.
  • Commenced the manufacture of para Cresol for the first time in India.
  • Established Atul Vidyalaya, an ICSE school for children residing in and around Atul, with English as the medium of instruction.
  • Modernised epoxy plant and expanded Vat dyes manufacturing unit.
  • Acquired controlling interest in Piramal Rasayan Ltd engaged in the production of dye-intermediates and renamed Amal Ltd.

1992-2011

  • Formed Atul USA Inc, Atul Europe Ltd and Atul China Ltd.
  • Merged Atic after the JV partner ICI PLC exited.
  • Acquired DPD Ltd in the UK engaged in the production of tissue culture raised date palms.
  • Acquired Anchor Adhesives Pvt Ltd which owned Polygrip, a leading Rubber and Polyurethane based adhesive brand in India.
  • Established Atul Vidyamandir, a residential school for tribal children.
  • Established a wholly owned subsidiary company, Atul Bioscience Ltd, to produce Active Pharmaceutical Ingredients (APIs) and their intermediates.
  • Merged Cibatul after the JV partner Ciba-Geigy exited.
  • Established a JV with Rudolf GmbH of Germany, Rudolf Atul Chemicals Ltd, to produce textile chemicals.
  • Inaugurated Atul’s first office in Mumbai in Dadar on March 2007.

2012-2013

  • Established a JV with the Government of Rajasthan, Atul Rajasthan Date Palms Ltd, to produce tissue culture raised date palms for the first time in India.
  • Expanded para Cresol manufacturing facility - the world’s largest.
  • Established a 22,000 sq ft research facility to build the business of APIs and API intermediates.
  • Inaugurated the Learning Center at Atul on January 2012.
  • Inaugurated the Inspiring Center at Atul on March 2012.

2013-2014

  • Automated payroll processing of 5 subsidiary associate companies.
  • Decreased (liquid) effluent in 41 products by 79% on an average.
  • Converted Ankleshwar site into a ‘zero liquid effluent discharge’ facility.
  • Developed 67 new products and formulations in R&D.
  • Developed a mobile application to send requisitions and receive quotations.

2014-2015

  • Implemented ‘Atul mobSales’ - open source integrated mobility solution for brand sales.
  • Implemented ‘Atul i-Quote’ - open source vendor portal to ensure better connect with vendors.
  • Implemented ‘Saral' - open source human resource self-service multi-lingual kiosk system.
  • Established and commissioned well equipped occupational health centre at Ankleshwar.
  • Achieved zero liquid effluent discharge in 1 key product.

2015-2016

  • Achieved zero liquid discharge in the manufacture of a key product.
  • Built a 6,500 kL reservoir for rainwater harvesting.
  • Replaced mercury based caustic chlorine plant with an environment-friendly, membrane based plant.
    Introduced 65 products and 19 formulations.
  • USFDA approval received for Dapsone manufacturing plant.
  • Inaugurated the new registered office at Ahmedabad in January 2015.
  • Inaugurated the second office in Mumbai at Goregaon in September 2015.

2016-2017

  • Visit of Mr Vijay Rupani, Honourable Chief Minister of Gujarat, to Atul Institute of Vocational Excellence.
  • Built 2,000 individual household toilets across 15 villages through Atul Foundation.
  • Visit of Ms Arundhati Bhattacharya, Chairperson of State Bank of India, to Atul Vidyalaya.
  • Established a JV with Nouryon of the Netherlands, Anaven LLP, to produce MCA.
  • Inaugurated office in Thane on March 2017.

2017-2018

  • Developed 34 products and formulations and introduced 35 new products.
  • Debottlenecked capacities in 24 products and Executed 6 expansion projects.

2018-2019

  • Atul Bioscience Ltd (ABL), a 100% subsidiary company, acquired manufacturing facilities of Polydrug Laboratories Private Limited at MIDC.
  • Developed 23 new products and formulations and Introduced 30 new products.
  • Increased yield of 3 products.
  • Entered into 8 new geographies.

2019-2020

  • Developed 35 new products and formulations and introduced six new products.
  • Entered 14 new geographies
  • Atul’s JV -- Anaven -- gets environmental clearance to expand MCA production in India.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.33%
1 Week
+0.06%
1 Month
-1.97%
3 Month
+9.89%
6 Month
+42.70%
1 Year
+77.33%
2 Year
+153.67%
5 Year
+365.22%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 21.66 29.71 24.08 20.33 17.80 13.16 17.42 22.73 18.70
Return on Capital Employed (%) 22.64 30.85 27.61 26.16 22.96 19.15 27.20 28.22 24.49
Return on Assets (%) 8.47 13.02 12.43 12.58 12.08 9.35 12.48 16.34 13.75

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 754 949 1,039 1,615 1,966 2,244 2,706 3,155 3,827
Non Curr. Liab. 197 191 140 142 159 176 237 231 272
Curr. Liab. 607 673 638 706 672 672 828 945 1,007
Minority Int. 6 6 6 2 15 20 24 26 31
Equity & Liab. 1,564 1,818 1,823 2,465 2,812 3,112 3,795 4,356 5,136
Non Curr. Assets 712 785 782 1,407 1,601 1,653 1,881 2,062 2,371
Curr. Assets 852 1,033 1,041 1,059 1,211 1,459 1,913 2,295 2,765
Misc. Exp. not W/O
Total Assets 1,564 1,818 1,823 2,465 2,812 3,112 3,795 4,356 5,136

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 2,043 2,458 2,656 2,595 2,834 3,296 4,038 4,093 3,731
Other Income 17 36 20 34 53 26 35 78 103
Total Income 2,060 2,494 2,677 2,629 2,886 3,322 4,073 4,171 3,834
Total Expenditure -1,794 -2,094 -2,265 -2,135 -2,324 -2,791 -3,271 -3,191 -2,814
PBIDT 266 400 412 494 562 531 802 980 1,020
Interest -33 -33 -26 -28 -25 -13 -7 -9 -9
Depreciation -51 -58 -60 -66 -95 -110 -119 -130 -136
Taxation -58 -88 -99 -130 -123 -131 -244 -175 -222
Exceptional Items 5
PAT 128 220 226 270 319 277 431 666 653

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 187 152 306 401 392 356 404 881 718
Cash Fr. Inv. -116 -83 -167 -375 -173 -130 -407 -783 -646
Cash Fr. Finan. -78 -60 -124 -39 -212 -207 -1 -111 -52
Net Change -6 8 16 -13 7 18 -5 -12 19
Cash & Cash Eqvt 10 18 34 18 23 43 38 26 47

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 44.70 44.72 44.80 44.80 44.80 44.81 44.82 44.93 44.93
Public 55.30 55.28 55.20 55.20 55.20 55.19 55.18 55.07 55.07
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 4.52 3.92 3.76 3.76 3.76 5.27 1.50 1.50 1.50

Announcements View Details

Tue, 03 Aug 2021
Video Of The 44Th Annual General Meeting
We wish to inform you that the Company has uploaded video of the 44th Annual General Meeting held on July 30 2021 on the website of the Company and is available on the below link:

https://atul.co.in/AGM_archived_video/2020-21.mp4

Kindly acknowledge the receipt and inform the members of the Exchange.
Sat, 31 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are forwarding herewith information received on July 30 2021 from Link Intime India Pvt Ltd Registrar and Share Transfer Agent regarding loss of share certificates.

Fri, 30 Jul 2021
Shareholder Meeting / Postal Ballot-Outcome of AGM
Proceedings and Outcome of 44th Annual General Meeting of the Company

Technical Scans View Details

Thu, 05 Aug 2021
High Delivery Percentage High Delivery Percentage
Higher Delivery Quantity Higher Delivery Quantity
Higher Delivery Quantity and Percentage Higher Delivery Quantity and Percentage
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity

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