Atul

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA+ by CARE.
• ResultsMixedIn the Sep 2026 quarter, sales rose 21% and profit fell 13% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 45% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 21.3 times its yearly earnings (P/E), cheaper than 100% of the time in the last 5 years. Its usual P/E is about 24.

Atul against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)21.3 against a typical 26.3: cheaper than most peers (1st = cheapest).48th of 129
• Sales growth+20.9% against a typical +25.9% from a year earlier.67th of 112
• Profit growth−12.6% against a typical +42.4% from a year earlier.80th of 102
• Share price, 3 months−23.4% against a typical −5.5%.110th of 118
• Size₹ 16,398.7 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).6th of 126

Exchange filings and their impact on the company.

• 27 Oct 2026Public Announcement - Buyback of SharesLow impactPositivePrice −3.8% on 28 Oct
  Atul to buy back up to Rs 90 cr shares at up to Rs 7,500 via open market – tiny 0.5% EPS accretion.

  Atul Limited's board on October 23, 2026 approved an open-market buyback of up to Rs 90 crore at a maximum price of Rs 7,500 per share, with a minimum utilisation of Rs 67.5 crore. The buyback for up to 1.2 lakh shares (0.41% of equity) excludes promoters and will be funded from free reserves and internal accruals. The size is very small relative to its Rs 16,399 crore market cap and Rs 6,274 crore FY26 revenue, so it is mildly EPS-accretive with no operational impact.

  Full analysisFiling
• 23 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −7.1% that day
  Strong H1 revenue up 23% with Q2 margin dip, plus small Rs 90 cr buyback at up to Rs 7500.

  Atul reported Q2 FY27 consolidated revenue of Rs 1,877 crore, up 21% from last year, while net profit fell to Rs 158.7 crore on lower margins; first-half revenue grew 23% to Rs 3,725 crore and profit grew 31% to Rs 412.6 crore. The board also approved a Rs 90 crore share buyback from the open market at up to Rs 7,500 per share, about 0.41% of shares. The buyback excludes promoters and a new auditor, Price Waterhouse, was proposed from 2027 to replace Deloitte.

  Full analysisFiling
• 19 Oct 2026General UpdatesLow impactNeutralPrice −1% on 21 Oct
  GPCB ordered brief discharge stop and Rs 10 lakh guarantee after pipeline leak, but Atul says pipeline is repaired with no material impact.

  Atul received directions from Gujarat Pollution Control Board for its damaged treated effluent pipeline at Atul site, asking for a time-bound repair plan, incident details and stronger monitoring, along with a Rs 10 lakh bank guarantee and environmental compensation to be decided. The discharge was stopped during repairs. Atul says the pipeline is now repaired and ready for fresh load and expects no material impact on finances or operations.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sunil Siddhharth Lalbhai

Executive Chairman of the Board, Managing Director

Gopi Kannan Thirukonda

Chief Financial Officer, Whole-Time Director

Lalit Patni

Chief Compliance Officer, Company Secretary

Samveg Arvindbhai Lalbhai

Managing Director, Executive Director

Vivek Gadre

Whole-Time Director