Today, we’ll dive deep to understand Atul Auto share price target 2024,2025,2026,2027, 2030 competitors, product of the company, and production capacity.
If you are thinking of investing in the company, first you learn the market in which the company deals, key clients, and opportunities in the segment.
This article will deliver you business fundamentals, shareholders, financial analysis, future plans, and growth potential in the company.
It will help you to clear understanding and provide you with insightful information.
Let’s explain all key aspects of Atul Auto’s share price target 2024,2025,2026,2027, 2030.
Atul Auto Overview
Atul Auto is one of fastest fastest-growing companies in the three-wheeler segment, based in Rajkot, Gujarat. The company primarily engaged in the manufacturing and distribution of three-wheelers in Diesel, Petrol, CNG, LPG, and electric.
It is only company to offer a wide range of three-wheeler products across the fuel range.
The company also distributed its product pan India and the global market. It exports its tree-wheeler to approximately 16+ countries including Bangladesh, South Africa, the United Kingdom, Nepal, Myanmar, Cambodia, Ethiopia, etc.
Atul Auto Share performance
As you know the demand for EVs continues to rise, Atul Auto’s performance in the share market caught the attention of ace investors as well as the public. With last year’s return of 76.76 per cent and within a 2-year return of 286 per cent, the share has delivered multi-bagger returns to its investors.
Atul Auto Fundamentals
| Market Cap | 1,578 crore |
| Book Value | 145 |
| Debt to Equity | 0.34 |
| ROE | 0.93% |
| ROCE | 4.43% |
| Stock P/E | 267 |
| Industry P/E | 148 |
| Dividend Yield | 0.00 |
| Face Value | 5 |
| EPS | 2.71 |
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Atul Auto Financial Analysis
Revenue from operation: Atul Auto, a three-wheeler company reported its strong revenue from operation Q2 FY24 to Rs 153.17 crore24.48 per cent increase from Rs 123.05 crore in Q2 FY23.
Net profit for the period: Atul Auto, net profit for the same period to Rs 7.61 crore increased by 25466.67 per cent against Rs 0.03 crore in Q2 FY23.
The Gujarat-based company, EPS has risen to 2.73 in Q2 FY24 against the same quarter year-ago period to Rs 0.01.
It is a good sign that the company’s net profit performance drastically increased.
Atul Auto Share Price Target Table
| Year | First Target | Second Target |
|---|---|---|
| 2024 | 620 | 650 |
| 2025 | 690 | 720 |
| 2026 | 750 | 820 |
| 2027 | 840 | 890 |
| 2030 | 1140 | 1250 |
Atul Auto Share Price Target 2024
Earlier, Atul Auto was established in 1986 as a private limited company and in 1994 it issued an initial public offer (IPO) and got listed on the Bombay Stock Exchange (BSE 531795) as well as the National Stock Exchange(NSE ATUL AUTO).
The last Traded Price (LTP) is Rs 571, Company net profit for September 2023 at Rs 7.61 crore increased by 25,466 %.
Atul Auto sees the surge in the EV market, so the company ventured into and made a difference to capture market. Now company has a strong market share of 50 per cent.
Atul Auto Share Price Target 2025
Atul Auto, a leading manufacturer, company manufactures and sells three-wheeler auto for both goods and passenger segment as a the Atul brand name.
It also sales spare parts as well allied products to its customer. The company has two manufacturing plant in Rajkot and Ahmedabad (Gujarat).
In addition, It has an installed capacity of a plant to manufacture 60,000 vehicles each.
Atul Auto Share Price Target 2026
Auto manufacturing company, Atul Auto is expertise in manufacture, design, development and distribution of three-wheeler passenger and goods auto.
The company operates in all types of fuel categories like petrol, diesel, CNG, PNG and BEV (Battery Electric Vehicles) as well.
The company markets its products in various brand names including Gem Delivery Van, Gem Paxx Diesel, Gem Cargo CNG, Atul Gemini and Atul Elite in this segment Elite+Li Ion Battery, Elite+ with Lead Acid Battery, etc.
As per analysis, we expect the price target of Atul Auto to carry on upward for initial target of Rs 750 and maximum Rs 820 level respectively.
Atul Auto Share Price Target 2027
Atul Auto has a moderate 5 per cent market share in India as well 3 percent overall market share due to high competition from large companies like Bajaj Auto, Piaggio vehicle, Mahindra and Mahindra.
The company has a strong distribution network in pan India and global market.
As per December 2023(FY24), promoters have 42.74 per cent stake, FIIs have increased their stake from .46 per cent in September 2023 to 0.49 per cent in December 2023.
The stock has a PE of 232x, an ROE of 0.94 % and ROCE of 4.43 %.
As we see the balance sheet remains strong and the company has low debt to ratio ( 0.34), So expecting further growth in Atul Auto share price, it can move up to Rs 840 in 2027 while the second price target moves up to Rs 889.
Atul Auto Share Price Target 2030
Atul Auto is an established player in the Three-wheeler auto segment with vast experience of 30 years and with a market capitalization of over Rs 1,367 crore. As a trusted brand with a wide presence nationwide.
The stock gave multi-bagger returns of 227 per cent from 11 March 2021 to 7 March 2024.
Moreover, the company increased its exposure in the EV segment to capture opportunities and enhance its presence in the segment by launching a series of products such as Elite+Li Ion Battery, Elite+ with Lead Acid Battery, etc.
Therefore, expecting further growth in Atul Auto share price, it can reach up to Rs 1140 in 2030 while the second price target is up to Rs 1250.