Atul Auto Limited (ATULAUTO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+280.4%

₹1,476.90

vs ₹388.25 price

Levered DCF

-₹1,296.18

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	25.1×	64.84×	147.42×	172.2×	-14.2×	-47.92×	5.7×	14.09×
P/B	2.19×	3.45×	3.15×	1.98×	1.28×	1.31×	0.99×	2.96×
P/S	1.29×	2.11×	2.53×	1.48×	1.16×	1.35×	0.5×	1.17×
EV / EBITDA	13.9×	29.48×	36.26×	22.76×	-33.44×	-64.31×	4.11×	8.76×
Gross margin	17.6%	15.2%	24.6%	20.8%	21.6%	17.6%	27.0%	16.9%
Operating margin	8.0%	4.7%	12.1%	7.5%	-5.9%	-4.3%	10.4%	11.5%
Net margin	5.1%	3.0%	1.7%	0.9%	-8.1%	-2.8%	8.7%	8.3%
Current ratio	1.58×	1.8×	1.67×	1.21×	1.14×	1.4×	1.97×	2.11×
Debt / equity	0.3×	0.25×	0.34×	0.49×	0.68×	0.05×	0×	0×
Interest coverage	7.06×	3.37×	4.76×	2.13×	-2.21×	-14.18×	62.56×	88.29×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.4%	1.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	13.6%	20.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.7%	4.9%	2.1%	1.1%	-9.0%	-2.7%	17.4%	21.0%
Return on invested capital	7.6%	4.1%	7.1%	3.6%	-2.9%	-2.9%	16.1%	18.5%
Return on assets	5.5%	3.2%	1.4%	0.7%	-4.6%	-2.1%	14.1%	15.4%
Free cash flow yield	2.6%	1.1%	-0.7%	-3.6%	-50.5%	0.2%	-5.8%	-3.2%
Earnings yield	4.0%	1.4%	0.7%	0.6%	-7.0%	-2.1%	17.5%	7.1%
Enterprise value	₹11.8B	₹16.2B	₹14.5B	₹8.6B	₹5.4B	₹4B	₹3.1B	₹7.7B
Net debt / EBITDA	1.4×	1.69×	3.12×	4.43×	-11.33×	-1.35×	-0.01×	-0.11×
Cash conversion cycle (days)	73	80	128	103	46	41	54	57