ATUL

Atul share price & financials

Price
₹6,482
Market cap
₹18.4k Cr
Sector
Chemicals

What Atul Limited does

Atul is an integrated chemical manufacturer operating across two reported segments, Life Science Chemicals and Performance and Other Chemicals, covering sub-segments such as aromatics, bulk chemicals and intermediates, colors (dyes and pigments), crop protection (bulk actives and branded retail formulations), pharmaceuticals and polymers. It runs eight production sites, including its original complex at Atul, Valsad, and serves around 32 industries, from agriculture and textiles to pharmaceuticals and personal care, through roughly 4,000 customers spread across 88 countries. It earns by manufacturing and selling bulk chemical intermediates, specialty chemicals, agrochemical actives and formulations, dyes, pigments and APIs, mostly to other industrial and agricultural manufacturers. It also holds stakes in chemical subsidiaries and joint ventures such as Atul Bioscience, Amal, Anaven (with Nouryon) and Rudolf Atul Chemicals (with Rudolf GmbH) that extend its product range into related chemistries.

Segments

  • Life Science Chemicals
  • Performance and Other Chemicals
Production sites
8
Products and formulations
900 + 400
Brands
142
Customers
4,000
Export countries served
88
Industries served
32
Founded 1947

Quarterly results

Q1 FY27: revenue up 21.8%, net profit up 105.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,279 1,274 1,315 1,305 1,410 +10%1,352 +6%1,498 +14%1,589 +22%
EBITDA194 163 168 162 219 +13%172 +6%227 +35%296 +83%
Net profit129 93 126 98 172 +33%121 +30%204 +62%201 +105%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −2.7% 1Y

₹6.0k₹6.5k₹7.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹6,419 on 10 Sept 2025 → ₹6,244.5. High ₹7,108 (6 May 2026), low ₹5,664.5 (20 Jan 2026).

Financials, as filed

Revenue grew 0.8% a year over 3 years, FY23 to FY26. Operating margin held at 14.0%.

Year endingFY23FY24FY25FY26
Revenue₹5.4k Cr₹4.4k Cr₹5.1k Cr₹5.6k Cr
Operating profit₹774 Cr₹561 Cr₹710 Cr₹780 Cr
Operating margin14.3%12.9%14.0%14.0%
Interest₹8 Cr₹3 Cr₹7 Cr₹4 Cr
Depreciation₹197 Cr₹184 Cr₹213 Cr₹216 Cr
Net profit₹506 Cr₹385 Cr₹457 Cr₹595 Cr
Net margin9.3%8.8%9.0%10.7%
Cash from operations₹732 Cr₹624 Cr₹427 Cr₹716 Cr
Free cash flow₹283 Cr₹280 Cr₹238 Cr₹590 Cr
ROCE17.0%11.0%12.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹30 Cr₹30 Cr₹30 Cr₹29 Cr₹29 Cr₹29 Cr
Reserves₹3.7k Cr₹4.3k Cr₹4.6k Cr₹5.1k Cr₹5.9k Cr₹6.0k Cr
Borrowings₹0 Cr₹73 Cr₹5 Cr₹11 Cr₹186 Cr₹6 Cr
Other liabilities₹876 Cr₹961 Cr₹836 Cr₹905 Cr₹1.4k Cr₹1.2k Cr
Total liabilities₹4.6k Cr₹5.4k Cr₹5.4k Cr₹6.0k Cr₹7.5k Cr₹7.3k Cr
Fixed assets₹1.1k Cr₹1.3k Cr₹1.3k Cr₹1.7k Cr₹2.8k Cr₹1.6k Cr
Capital work in progress₹239 Cr₹173 Cr₹356 Cr₹217 Cr₹109 Cr₹81 Cr
Investments₹1.6k Cr₹1.6k Cr₹1.1k Cr₹2.5k Cr₹2.2k Cr₹3.4k Cr
Other assets₹1.7k Cr₹2.4k Cr₹2.6k Cr₹1.7k Cr₹2.4k Cr₹2.1k Cr
Total assets₹4.6k Cr₹5.4k Cr₹5.4k Cr₹6.0k Cr₹7.5k Cr₹7.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −1.33 pp while DIIs added +0.96 pp. The shareholder count grew 2% to 56,570.

Promoters
45.3%
FIIs
7.4%
DIIs
25.9%
Public
21.3%

Since Jun 2025

  • FIIs −1.33 pp
  • DIIs +0.96 pp
  • Public +0.25 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 45.0%, FIIs 7.7%, DIIs 26.5%, Public 20.7%.Dec '23: Promoters 45.1%, FIIs 8.1%, DIIs 26.1%, Public 20.8%.Mar '24: Promoters 45.2%, FIIs 8.5%, DIIs 25.7%, Public 20.7%.Jun '24: Promoters 45.2%, FIIs 8.6%, DIIs 25.8%, Public 20.4%.Sep '24: Promoters 45.2%, FIIs 9.7%, DIIs 24.5%, Public 20.6%.Dec '24: Promoters 45.2%, FIIs 11.2%, DIIs 22.8%, Public 20.8%.Mar '25: Promoters 45.2%, FIIs 9.8%, DIIs 23.6%, Government 0.0%, Public 21.4%.Jun '25: Promoters 45.2%, FIIs 8.8%, DIIs 25.0%, Government 0.0%, Public 21.1%.Sep '25: Promoters 45.2%, FIIs 8.3%, DIIs 24.9%, Government 0.0%, Public 21.5%.Dec '25: Promoters 45.2%, FIIs 7.5%, DIIs 25.4%, Public 21.9%.Mar '26: Promoters 45.2%, FIIs 7.5%, DIIs 25.9%, Public 21.4%.Jun '26: Promoters 45.3%, FIIs 7.4%, DIIs 25.9%, Public 21.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Atul Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Aagam Holdings Private Limited 22.60%unchanged
Arvind Farms Pvt Ltd 9.50%unchanged
Life Insurance Corporation Of India Insurer5.44%unchanged
ICICI Prudential Smallcap Fund Mutual fund4.38%+0.13 pp
DSP Small Cap Fund Mutual fund4.32%unchanged
Aagam Agencies Pvt Ltd 4.20%+0.10 pp
SBI Life Insurance Co. Ltd Insurer3.69%−0.12 pp
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund Mutual fund2.10%−0.36 pp
Aayojan Resources Private Ltd 2.10%unchanged
Akshita Holdings Private Limited 1.58%unchanged
Adhinami Investments Private Limited 1.55%unchanged
Tata AIA Life Insurance Co Ltd Unit Linked Multi Cap Fund Insurer1.17%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ATUL

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.00 L shares (+1.1%).

Held by funds
₹26 Cr
6 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹16 Cr · 0.5% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹16 Cr+0.00 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹8 Cr+0.00 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹0 Crheld
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +456 shares (+1.1%)

Funds are sitting on
-11%
vs est. average cost
Held by funds
₹26 Cr
6 schemes · ≈ 0.14% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹16 Cr · 0.5% of that fund
Longest holder
HDFC Large and Mid Cap Fund
3y 8m · since Dec '22

Shares held by these funds −94%

Aug '23 40,303 shares Jul '26

What the price assumes

Expensive

To justify its price of ₹6244, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~5%. At that growth it is worth ₹2853 — downside of 54%.

Growth the price implies
19.9% a year
for 7 years, fading to 4%
It has actually compounded at
5.5% a year
net profit, FY23–FY26 · EPS 5.1%
The gap
0.1 pp
-54% downside if it only repeats history
Price today ₹6,244.5 Value at the reference growth ₹2,852.81

Change the assumptions yourself →

Learn to analyse Atul Limited

Guides on how to read this kind of business and the numbers that matter.